Invisio : Presentation Q2 Interim Report 2023

Protection at work,

a better life at home

Interim Report January - June 2023

Continued strong order intake and a well-filled order book

Investor Conference Call July 21, 2023

CEO Lars Højgård Hansen

1

Highlights Q2, 2023

Continued strong order intake and a well-filled order book

• Record high order intake - amounted to just over SEK 400 million.
• The order book at almost SEK 800 million.
• Sales R12 exceeds SEK 1 billion for the first time.
• INVISIO received the largest order ever, worth SEK 130 million, from the US Department of Defense.
• The company also received an order worth SEK 90 million from a European NATO-country.
• The development reflects high market activity - which is likely to continue for a long time to come.

2

Q2 2023

Record strong order intake

SEK million																								SEK million
400																							1.400
350																									1.200
300
																							1.000
250
																							800
200
																							600
150
																							400
100
																								200
50
0																									0
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1		Q2
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023
							Order intake				Order intake, R12

Q2 2023

• Order intake SEK 400+ million in the quarter.
• Order intake YTD exceeds SEK 700 million.
• The order intake R12 at SEK 1.3 billion.
• Announced Racal Acoustics orders totaling SEK 220 million.
• Close to SEK 200 m. in unannounced orders.

SEK million	Q2	Q2,	Jan-Jun	Jan-Jun	Delta	R12	FY, 2022
	2023	2022	2023	2023	%
Order intake	402.0	157.7	717.2	554.2	155 / 29	1,305	1,142

3

Strong order book

SEK million
900																				700
800
																				600
700
																				500
600
																					400
500
400																						300
300
																				200
200
																				100
100
0																						0
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1		Q2
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023
						Order book				Order book, R12

Q2 2023

• Order book stands close to SEK 800 million.
• The majority of the order book is to be delivered this year.
• The higher inventory reflects upcoming deliveries.
• Standard products - almost zero scrapping.

SEK million	Q2, 2023	Q2, 2022	Delta %	FY, 2022
Order book	790.3	481.7	64	624.7

4

Revenue R12 pacing SEK 1 billion

SEK million																				SEK million
400																			1.200
350
																	1.000
300
																			800
250
200																					600
150
																			400
100
																			200
50
0																					0
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1		Q2
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023
							Revenue		Revenue, R12

Q2 2023

• Q2 Sales at SEK 270 million - a growth of 76% compared to Q2 2022.
  63% in comparable currencies.
• Sales YTD close to SEK 600 million - twice as high as the corresponding period last year.
• Europe accounts for approx. 50 per cent of total sales.

SEK million	Q2,	Q2,	Jan-Jun,	Jan-Jun, Delta %	R12	FY, 2022
	2023	2022	2023	2022
Revenue	269.8	153.7	581.2	291.1	76 / 100	1,065.5	775.5

5