Secunet Security Networks Ag · XETR:YSN
Secunet Security Networks — Shareholder Meeting (May 2017)
44 slides from Secunet Security Networks's shareholder meeting presentation, May 4, 2017
Slide 1: Ordinary General Meeting 2017
Ordinary General Meeting 2017 Essen, 04 May 2017 Dr. Rainer Baumgart, CEO
Slide 2: secunet on the path of success
secunet on the path of success Revenue +27% EBIT +59% Dividend +71% Page 2 4 May 2017 Annual General Meeting 2016
Slide 3: Agenda
Agenda Notes on the information in accordance with section 289 (4) and 1 section 315 (4), German Commercial Code (Handelsgesetzbuch, HGB) 2 secunet at a glance 3 2016 financial year 4 secunet share 5 Outlook Page 3 4 May 2017 Annual General Meeting 2016
Slide 4: Notes on the information in accordance with section 289 (4) and section 315 (4) HGB
Agenda Notes on the information in accordance with section 289 (4) and section 315 (4), German Commercial Code (Handelsgesetzbuch, HGB) Page 4 4 May 2017 Annual General Meeting 2016
Slide 5: Notes on the information in accordance with section 289 (4) and section 315 (4) HGB
Notes on the information in accordance with section 289 (4) and section 315 (4), German Commercial Code (Handelsgesetzbuch, HGB) 1. The Company's capital structure 2. Restrictions with respect to the transfer of secunet shares 3. Direct or indirect shareholdings that exceed 10% 4. Specifications rel
Slide 6: secunet at a glance
Agenda secunet at a glance Page 6 4 May 2017 Annual General Meeting 2016
Slide 7: What makes secunet unique
What makes secunet unique Trust Internationality IT security partner to the highest EU and NATO Federal Republic of approvals Germany Premium IT security Experience made in Germany Innovation 20 years in the market broad product and more than 5,000 projects consultancy portfolio Page 7 4 May 2017 An
Slide 8: 10 sites, 2 business units, 5 divisions
10 sites, 2 business units, 5 divisions Public Sector Business Sector Hamburg Public sector consumers Critical infrastructures German army and NATO Automotive manufacturers Berlin states and suppliers Borchen Companies processing Essen Ilmenau classified information Dresden Siegen Bonn Frankfurt Pub
Slide 9: We offer a comprehensive range of services...
We offer a comprehensive range of services... Penetration testing Cryptographic solutions Consultancy Security Concepts and PKI (eID, PKI Suite) Development Basic IT elaboration of Biometric identification security/ISMS concepts systems Secure network Support, maintenance and infrastructures and ope
Slide 10: ...and align our activities with customer needs
...and align our activities with customer needs Our projects are implemented by one of five divisions. Each division provides market-specific products and services 1 B Public 2 Homeland 3 4 Critical 5 Defence Automotive Authorities Security infrastructures Page 10 4 May 2017 Annual General Meeting 2
Slide 11: Public Authorities: ELSTER electronic tax return system
Public Authorities ELSTER electronic tax return system secunet has implemented the security platform for the electronic tax return system online portal. ELSTER: 20 million tax returns filed online for the first time The solution meets a high level of ELSTER electronic tax return system in millions s
Slide 12: Public Authorities: SINA cryptographic security solution
Public Authorities SINA – A very successful cryptographic security solution Processing, storing, transferring and tracing confidential data Approved by BSI, EU and NATO The world's most secure mobile workplaces Nearly 100,000 installations in Germany and more than 24 other countries Page 12 4 May 20
Slide 13: Homeland Security: EasyPASS and EasyGo border control projects
Homeland Security EasyPASS and EasyGo border control projects EasyPASS at German airports Roll-out of more than 140 secunet easygates at Frankfurt, Munich, Berlin, Hamburg, Düsseldorf and Cologne/Bonn airports More than 10 million border control processes using secunet easygate (as at February 2016)
Slide 14: Defence
Defence Highly secure communication and information processing in a national and international military context Cryptographic solutions with approvals up to NATO SECRET and SECRET UE – including for mobile solutions The design of innovative IT security architectures for basic operation, management i
Slide 15: Our national and international defence customers
Our national and international defence customers Sweden Finland Denmark Estonia The Netherlands Latvia Germany Lithuania France Slovakia Switzerland Austria Page 15 4 May 2017 Annual General Meeting 2016
Slide 16: Critical infrastructures
Critical infrastructures Implementation and operation of ISMS Secure remote maintenance and system control using SINA products Risk analysis, recommendations for action and individual development Awareness and penetration tests Page 16 4 May 2017 Annual General Meeting 2016
Slide 17: Automotive
Automotive Developing IT security suitable for series production Secure internal and external networking of the vehicle Data security and data protection for new mobility services Technical security analyses at component & overall vehicle level Page 17 4 May 2017 Annual General Meeting 2016
Slide 18: CeBIT 2017 – Recognition at the highest level: Svenja Schulze
CeBIT 2017 – Recognition at the highest level Svenja Schulze Minister for Innovation, Science and Research for the State of North Rhine-Westphalia Page 18 4 May 2017 Annual General Meeting 2016
Slide 19: CeBIT 2017 – Recognition at the highest level: Vera Jourova
CeBIT 2017 – Recognition at the highest level Vera Jourova EU Commissioner for Justice, Consumers and Gender Equality Page 19 4 May 2017 Annual General Meeting 2016
Slide 20: CeBIT 2017 – Recognition at the highest level: Merkel and Abe
CeBIT 2017 – Recognition at the highest level Dr. Angela Merkel Chancellor of Germany Shinzō Abe Prime Minister of Japan Page 20 4 May 2017 Annual General Meeting 2016
Slide 21: 2016 financial year
Agenda 2016 financial year Page 21 4 May 2017 Annual General Meeting 2016
Slide 22: Revenue increasing at a high rate
Revenue increasing at a high rate in million Euros +27% 115.7 Growth in all areas 91.1 Sharp increase in product business (trading goods, licences, maintenance and support) Growing revenues from services (consultancy business) 2015 2016 Page 22 4 May 2017 Annual General Meeting 2016
Slide 23: All segments contribute to growth
All segments contribute to growth in million Euros +27% PUBLIC SECTOR 100.2 Strong increase in product and 79.2 solutions business relating to the SINA product family Consultancy business (services) 2015 2016 also rose +30% 15.5 11.9 BUSINESS SECTOR First successes from the measures introduced in 20
Slide 24: Progress in internationalisation
Progress in internationalisation in million Euros +39% 13.8 Core markets for international sales: 9.9 European Union and Middle East International organisations: EU and NATO Strong revenue increase Contribution to Group revenues 2015 2016 grew from 11% in the previous year to 12% Page 24 4 May 2017
Slide 25: Costs increase less than revenue
Costs increase less than revenue in million Euros +26% Sustained strong growth of the product business meant 86.1 68.3 increased materials expenses Cost of Sales Increasing personnel expenses +16% Expansion of distribution activities 10.0 11.6 Increase in personnel expenses Selling Expenses +2% 4.2
Slide 26: Significant improvement in EBIT
Significant improvement in EBIT Earnings before interest and taxes (EBIT) in million Euros Scaling effects due to increase in +59% revenue, focussed on product 13.7 business Positive impact of good capacity 8.6 utilisation in the consultancy business 2015 2016 Page 26 4 May 2017 Annual General Meeti
Slide 27: Cash flow: Cash and cash equivalents
Cash flow: Cash and cash equivalents in million Euros 20.5 -6.2 -2.1 12.3 -2.3 4.4 -1.5 0.6 2015 2016 2015 2016 Cash flow from Cash flow from Cash flow from Change in cash and operating activities investing activities financing activities cash equivalents Page 27 4 May 2017 Annual General Meeting 20
Slide 28: Key balance sheet figures for secunet Group
Key balance sheet figures for secunet Group in million Euros 31/12/2016 31/12/2015 Change in % Total assets 99.2 77.1 +29 Liquid assets 50.2 38.0 +32 Level of liquid assets rose Equity 46.9 40.3 +17 significantly Equity ratio 47.3% 52.2% -4.9% High equity ratio points Trade receivables 25.4 17.2 +48
Slide 29: Employees
Employees Permanent employees as at 31 December +12% 429 383 Very high employee qualification levels Low fluctuation Development as required 2015 2016 Page 29 4 May 2017 Annual General Meeting 2016
Slide 30: secunet share
Agenda secunet share Page 30 4 May 2017 Annual General Meeting 2016
Slide 31: secunet share: good performance in 2016
secunet share: good performance in 2016 350% 45.000 27/01/2017: €67.94 40.000 300% 35.000 250% 01/05/2017: €52.25 30.000 04/01/2016: €21.50 200% 25.000 20.000 150% 15.000 100% 10.000 50% 5.000 0% 0 04.01.2016 04.02.2016 04.03.2016 04.04.2016 04.05.2016 04.06.2016 04.07.2016 04.08.2016 04.09.2016 04.
Slide 32: Shareholder structure stable, low freefloat
Shareholder structure stable, low freefloat in % share capital 78.96 % Giesecke & Devrient 3.18 % Axxion S.A. 3.06 % BNY Mellon Service KAG 2.00 % Ingrid Weispfenning 1.95 % Christiane Weispfenning 0.47 % own shares 10.38 % free float Page 32 4 May 2017 Annual General Meeting 2016
Slide 33: secunet Security Networks Aktiengesellschaft (according to HGB)
secunet Security Networks Aktiengesellschaft (according to German Commercial Code, HGB) in million Euros 2015 2016 Results of operations Revenue 90.6 115.8 +28% EBIT 8.4 13.8 +64% Net income 5.5 9.4 +71% Page 33 4 May 2017 Annual General Meeting 2016
Slide 34: Sustainable payout policy: growing dividend
Sustainable payout policy: growing dividend Dividend per share, 2013-2016, in Euro 0.58* 0.34 0.27 0.15 2013 2014 2015 2016 * Subject to the decision by the Annual General Meeting Page 34 4 May 2017 Annual General Meeting 2016
Slide 35: Suggested profit appropriation: increase of dividends
Suggested profit appropriation: increase of dividends The Management Board and the Supervisory Board of secunet Security Networks AG recommend to the Annual General Meeting that a total of EUR 3.8 million should be distributed to shareholders through the payment of a dividend of EUR 0.58 per no-par
Slide 36: Outlook
Agenda Outlook Page 36 4 May 2017 Annual General Meeting 2016
Slide 37: A good start to the 2017 financial year
A good start to the 2017 financial year in million Euros 24.7 19.4 Revenue grows by 27%, in particular due to the increase in product business Q1-2016 RevenueQ1-2017 Significant improvement in EBIT 0.9 0.2 Q1-2016 Q1-2017 EBIT Page 37 4 May 2017 Annual General Meeting 2016
Slide 38: Order book value increased significantly year-on-year
Order book value increased significantly year-on-year In million Euros, according to IFRS +65% 70.5 Full order book 45.7 Continued good utilisation of employee capacities guaranteed 31.03.2016 31.03.2017 Page 38 4 May 2017 Annual General Meeting 2016
Slide 39: Opportunities and risks
Opportunities and risks Growing sensitivity to IT security Opportunities IT security legislation; stricter regulation for suppliers of critical infrastructures International demand for "IT security Made in Germany" Ongoing rise of digitisation Product development for new markets and new technologies
Slide 40: Long-term growth trend
Long-term growth trend Revenue in million Euros 115.7 91.1 82.2 64.0 67.2 63.9 59.5 52.1 55.6 40.8 41.3 36.5 32.4 22.4 23.1 21.1 18.0 7.5 11.1 3.0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Page 40 4 May 2017 Annual General Meeting 2016
Slide 41: Framework conditions for 2017: a mixed assessment
Framework conditions for 2017: a mixed assessment Starting position: secunet is very well placed at the start of 2017 − high order book value − business is well-placed financially − recognised supplier of high-quality and reliable IT security − exceptionally highly-qualified employees Trend: the fin
Slide 42: 2017 forecast: conservative
2017 forecast: conservative Considering this potentially detrimental factor [Bundestag elections], and in the context of the very high business results already achieved in the 2016 financial year, the company's Management Board expects sales revenues in the coming 2017 financial year to be a little
Slide 43: Dr. Rainer Baumgart, CEO, secunet Security Networks AG
Dr. Rainer Baumgart, CEO secunet Security Networks AG Kurfürstenstraße 58 45138 Essen, Germany
Slide 44: Disclaimer
Disclaimer If this communication contains any forecasts or expectations or if our statements refer to the future, such statements can involve risks and uncertainties. Therefore we cannot guarantee that these expectations will prove to be correct. The actual results and developments may deviate signi
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