F-secure Oyj · OMXHEX:FSECURE
F-secure Oyj — Investor Presentation (September 2022)
14 slides from F-secure Oyj's investor presentation, September 2022
Slide 1: F-Secure Corporation Investor Presentation
F-SECURE CORPORATION INVESTOR PRESENTATION September 2022
Slide 2: Agenda
AGENDA 1. F-SECURE CORPORATION IN BRIEF 2. OPERATING ENVIRONMENT AND BUSINESS MODEL 3. STRATEGY AND FINANCIAL TARGETS 4. OUTLOOK FOR 2022 5. SUMMARY: F-SECURE AS AN INVESTMENT
Slide 3: F-Secure in brief: a strong consumer focused company
F-SECURE IN BRIEF: A STRONG CONSUMER FOCUSED COMPANY • Finland headquartered and globally operating consumer cyber security company • Global market leader position in 106 MEUR Operates in over ~170 Service Provider providing security through revenue in 2021 100 countries partners Communication Servi
Slide 4: Demerger from WithSecure Corporation
DEMERGER FROM WITHSECURE CORPORATION 12 April 2022: WithSecure Corporation’s Board of Directors appointed the President & CEO and Management Team members for F-Secure. 31 May 2022: the Extraordinary General Meeting of WithSecure decided that F-Secure will demerge through a partial demerger. 30 June
Slide 5: Consumer security is a large, growing market supported by several trends
CONSUMER SECURITY IS A LARGE, GROWING MARKET SUPPORTED BY SEVERAL TRENDS An increasing portion of time is spent online whether momentarily INCREASING DIGITALIZATION AFFECTS CONSUMER BEHAVIOR or hours of browsing, online gaming, streaming, or on hybrid work. CONSUMER’S INCREASING WILLINGNESS TO PAY C
Slide 6: All-in-one integrated security experience
ALL-IN-ONE INTEGRATED SECURITY EXPERIENCE F-Secure TOTAL 21% Partner channel REVENUE BY CHANNEL* Direct channel VPN FOR PRIVACY IDENTITY ENDPOINT CONNECTED HOME PROTECTION PROTECTION SECURITY (SAFE) SECURITY (SENSE) (FREEDOME) 79% Two primary sales channels 5% DIRECT PARTNER CHANNEL (~170) CHANNEL 1
Slide 7: Go-to-market models with different earnings logic
GO-TO-MARKET MODELS WITH DIFFERENT EARNINGS LOGIC Sales & Marketing Pricing Payment Deferred revenue B2B2C Global network of Partner F-Secure Partner ~170 channel Price Margin Monthly partners B2C E-Commerce F-Secure Price Upfront 7
Slide 8: Three strategy pillars for profitable growth
THREE STRATEGY PILLARS FOR PROFITABLE GROWTH Increase Average Develop current Expand into new Revenue Per User offering and new channels (ARPU) products Insurance F-Secure SAFE F-Secure SENSE Banking F-Secure TOTAL F-Secure Retail F-Secure FREEDOME F-Secure ID PROTECTION ID PROTECTION 8
Slide 9: Medium-term financial targets (by 2025)
MEDIUM-TERM FINANCIAL TARGETS (BY 2025) Growth Profitability Dividend yield After initial growth F-Secure aims to pay around High single-digit organic investments, Adjusted EBITA or above 50% of net profit as revenue growth. margin of above 42%. dividend on annual basis. TARGET TO CONSISTENTLY OUTPE
Slide 10: Outlook for 2022
OUTLOOK FOR 2022 REVENUE GROWTH “We expect F-Secure Revenue to grow of 4−6% year-on-year.” PROFITABILITY “Due to necessary investments into establishing our independence and ensuring future growth, we will see lower profitability during the rest of the year compared to Q1/2022. Thus, we expect the A
Slide 11: F-Secure as an investment
F-SECURE AS AN INVESTMENT CONSUMER CYBER SECURITY IS A LARGE AND GROWING MARKET 1 OPPORTUNITY GLOBAL LEADER IN COMMUNICATION SERVICE PROVIDER (“CSP”) 2 CHANNEL AND GROWING 3 REPLICATING CSP PROVEN BUSINESS MODEL IN NEW CHANNELS HIGHLY PROFITABLE SAAS BUSINESS MODEL, 4 OUTPERFORMING MARKET GROWTH AND
Slide 12: Q&A
Q&A 12
Slide 13: A new era for F-Secure: creating a strong consumer focused company
A NEW ERA FOR F-SECURE: CREATING A STRONG CONSUMER FOCUSED COMPANY 1. MARKET-ORIENTED, FAST MOVING COMPANY WITH CAPABILITY TO INVEST INTO GROWTH STRATEGIC VISION TO BECOME THE NO. 1 SECURITY 2. EXPERIENCE COMPANY ~370 PEOPLE FOCUSED ON CONSUMER CYBER 3. SECURITY BUSINESS AND OFFERING DEVELOPMENT 4.
Slide 14: F-Secure
—_ od F-Secure.