cybercom group: q1 report 2010

Download Cybercom Group: Q1 Report 2010

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Cybercom Q1 report

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  • 1. 2010-04-21
    Q1-report
    1
  • 2.
    • Restructuring costs of 18 MSEK
    • 3. Negative currency effect vs. 2009 in Finland, sales -13.9 MSEK and EBITDA -1.8 MSEK
    • 4. Planned write-off 3.2 MSEK per quarter (trade mark and customer relationships)
    • 5. Re-financing of debt package
    Q1 2010
    2010-04-21
    Q1-report
    2
  • 6. Positive signs in a market that slowly leaves recession behind
    IT investments 2010 + 1,4% in Sweden (Radar Group)
    Outsourcing on the agenda
    Cybercom increases utilisation in the Nordic capitals
    Stockholm
    Helsinki
    Copenhagen
    Turbulent market in Malmoe-Lund
    Global sourcing capabilities mandatory in private sector frame agreements beneficial to Cybercom
    Cybercom grows internationally
    45% of consultants outside Sweden
    38% growth in Romania main nearshore hub
    Chinese local customers
    Project pending phase in Cybercoms Southeast Asia operation after successful deliveries to leading operators
    Limited opportunities for prices increases yet generally speaking but high hourly rates in Secure assignments
    Market & trends in Q1
    2010-04-21
    Q1-report
    3
  • 7. New Global Sourcing AM deal with Wireless Maingate
    Assignment for China Mobile increasing
    Strategic partner to develop content and music apps to the global leading mobile manufacturer
    Assignment regarding the largest IT-Forensic investigation in Europe in Q1
    TeliaSonera frame agreement won in March with 40% cut in old supplier base
    Cybercom elected in the M2M advisory board for Telia
    New customers include Autoliv, Bre Bank, Payson, stersunds kommun
    Business highlights
    2010-04-21
    Q1-report
    4
  • 8. The ten largest customers make up 56% of sales
    Increased sales in Industry
    Automotive
    • Volvo Bus and Volvo Trucks
    • 9. IAC Group
    Finnish industry sector
    More than 10 new frame agreements signed in Q1
    Sony Ericsson
    TeliaSonera
    PKT- Sti
    64% sales from frame agreement
    Sales per sector
    2010-04-21
    Q1-report
    5
  • 10. Mobile Apps is the thing
    2010-04-21
    Q1-report
    6
    Trafikinfo, Traffic information
    provides fast and easy information
    about the current traffic situation for
    Sweden. Use it before you hit the road.
  • 11. Bank-ID for mobile devices
    2010-04-21
    7
    • Finansiell IT-Teknik BID owns and administers Swedish Bank-ID technology
    • 12. Cybercom developed their solution for mobile use, based on international mobile security standards, to connect all parties
    • 13. Operators
    • 14. Banks
    • 15. Bank ID
    • 16. Content providers
    • 17. Mobile ID on test among Swedish banks
    • 18. Cybercoms solution is used on the international arena, delivered to 2 operators in India and 1 in Serbia
    Q1-report
  • 19. Local presence - Global reach
    8
    Q1-report
    2010-04-21
  • 20. Re-allocation of profits to the Nordics due to adjusted transfer pricing policy.
    Q1 per segment
    2010-04-21
    Q1-report
    9
  • 21. EBITDA, rolling 12 months
    2010-04-21
    Q1-report
    10
  • 22. Cybercom has re-financed its long-term debt package in April
    The reason for the re-financing was a more benign financial market, that created an opportunity for a better financing agreement. Cybercom has continued to meet its covenants according to plan
    The new agreement is considerably better suited to Cybercoms business and expansion strategy
    Cybercoms capital structure will improve through the re-payment of 50 MSEK of cash, and the introduction of an equally large new Revolving Credit Facility
    By early May, total outstanding debt will be approximately EUR 24
    Re-financing of debt package
    2010-04-21
    Q1-report
    11
  • 23. Debt situation
    2010-04-21
    Q1-report
    12
    • With a continued strong operating cash flow, Cybercom is amortizing the bank loans at a considerable pace
    • 24. By mid-May, the Groups total loan will be approximately 24 MEUR