H1 2020 Results u-blox Holding AG
August 21, 2020
Thomas Seiler, CEO
Roland Jud, CFO
Disclaimer
This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied herein.
Should such risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation.
u-blox is providing the information in this presentation as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.
2 | u-blox Holding AG |
Agenda
Financial results H1 2020
Highlights H1 2020
Business review
Strategy
Outlook
Q&A
3 | u-blox Holding AG |
Half year 2020: Summary financial results
H1 2020 | H1 2019 | Change 2020 | ||
IFRS | adjusted1 | adjusted1 | to 2019 | |
(CHF millions, except EPS and margins) | reported | |||
Revenue | 174.0m | 174.0m | 190.6m | -8.7% |
(at constant exchange rates) | ( -5.6% ) | |||
Gross Profit | 79.0m | 79.4m | 86.1m | -7.8% |
Gross margin (%) | 45.4% | 45.6% | 45.2% | |
EBITDA | 19.9m | 24.1m | 32.7m | -26.3% |
EBITDA margin (%) | 11.4% | 13.9% | 17.2% | |
Operating Profit (EBIT ) | -65.8m | 13.2m | 19.7m | -32.7% |
EBIT margin (%) | -37.8% | 7.6% | 10.3% | |
Net Profit | -60.0m | 4.7m | 13.6m | -65.7% |
Cash Flow from operating activities | 13.9m | 13.9m | 33.1m | -58.2% |
Free Cash Flow | -21.9m | -21.9m | 0.5m | n/a |
EPS in CHF, fully diluted | (8.64) | 0.67 | 1.96 | |
- Excl. Share-based payments, impacts based on IAS-19, amortization of intangible assets acquired, impairments and non-recurring expenses
4 | u-blox Holding AG |
Business and product highlights
- Acquired IoT Communication-as-a-Service Provider Thingstream
- Aligns with strategy to expand services portfolio and accelerates path to achieving silicon-to- cloud differentiation
- Provides comprehensive, end-to-end solution for global IoT connectivity services using the industry standard MQTT protocol
- Launched important new products across platform
- R5 chipset certified by AT&T for LTE-M
- Mesh technology for Bluetooth deployed in modules
- VERA-P3V2X module for traffic safety applications
- Global LPWA cellular module SARA-R422 with increased security and positioning features.
- Continued investing in R&D - capacity maintained
- OPEX cost saving initiated resulting in CHF 15m annual savings
5 | u-blox Holding AG |
Financial highlights
- Financial results reflect impact of COVID-19
- Total revenues of CHF 174.0m, a decline of -8.7%(-5.6% at constant exchange rates)
- APAC revenues declined by -2% to CHF 70.1m
- EMEA revenues declined by -16% to CHF 51.7m as the automotive markets shrunk
- AMEC revenues decreased by -14% to CHF 48.9m as consumer and fleet management applications softened
- Gross profit margins increased slightly driven by favorable product mix
- EBITDA (adjusted) was CHF 24.1m, compared to CHF 32.7m last year
- Cash flow from operating activities of CHF 13.9m in H1 2020, compared to CHF 33.1m last year
- Free cash flow of CHF -21.9m (before acquisitions CHF -8.4m, H1 2019: CHF 3.9m)
- Impairment charge of CHF 74.1m due to refocusing of R&D programs and market delays in automotive. Actual product offering unaffected.
6 | u-blox Holding AG |
Revenue and EBITDA
Comments
- H1 2020 revenue below previous year (-8.7% compared to H1 2019)
- Negative currency impact on revenues at H1 2019 rates: -3.1%
- EBITDA (adjusted) margin of 13.9%
Revenue and EBITDA (adjusted)
(million CHF) | |||||||
450 | 403.7 | 393.3 | 385.1 | ||||
400 | |||||||
350 | |||||||
300 | |||||||
250 | |||||||
200 | 199.0 | 190.6 | |||||
174.0 | |||||||
150 | |||||||
100 | 97.8 | 81.2 | |||||
71.7 | |||||||
50 | 45.1 | 32.7 | |||||
24.1 | |||||||
0 | 2019 | H1.18 | H1.19 | H1.20 | |||
2017 | 2018 | ||||||
Revenue | EBITDA (adjusted) |
7 | u-blox Holding AG |
Revenues by geography
Comments
- APAC revenue slightly decreased by -2%
- Strong continued business in China and Korea
- Negative impact by COVID-19 on automotive and telematics applications
- EMEA revenue decreased by -16%
- Increased demand for smart city, driver assistance and point-of-sale applications
- Decline in automotive and micro mobility
- Americas revenue decreased by -14%
- Growth with industrial automation and fitness
- Reduced demand for fleet management and consumer applications
Revenue
( CH F m illio ns)
190.6
174.0
71.5 | |
37% | 70.1 |
40% | |
62.5 | |
33% | 55.0 |
32% |
56.6 | 48.9 | |||||
30% | ||||||
28% | ||||||
H 1 . 1 9 | H 1 . 2 0 | |||||
Americas | EMEA | APAC | ||||
Note: based on reporting area
8 | u-blox Holding AG |
Market trends
Comments
In absolute terms:
- Industrial markets stable
- Infrastructure
- Automation
- Automotive market declined
- In-carnavigation
- In-carconnectivity
- Consumer markets declined
- Most applications with exception of fitness
9 | u-blox Holding AG |
Revenue split per market
H1 2020
5.5% | H1 2019 | ||
23.8% | 4.8% | ||
30.0% | |||
63.4% | 57.5% | ||
7.3% | |||
7.7% |
Industrial | Consumer | Automotive | Not assigned | |||
Note: Estimate
Shipments and ASP development
CommentsModules
GNSS chips | Revenue |
- Module business slight increase with decline in ASP due to product mix
- Major volume of chipset sales with u-blox 8/M8
- Decline in overall chipset volume due to decline in consumer and automotive markets, and lower ASP
(million units)
40
30
20 | 1.9% |
10
0
2017 | 2018 | 2019 | H1.18 H1.19 H1.20 | |||
Shipments modules | ASP | |||||
(CHF)(million units) | (CHF) | (million CHF) | |||||||||||||||||||||||||||||||||
10. | 80 | 2.50 | 450 | 403.7 | 393.3 | ||||||||||||||||||||||||||||||
70 | 400 | 385.1 | |||||||||||||||||||||||||||||||||
60 | 2.00 | 350 | |||||||||||||||||||||||||||||||||
9.00 | 25% | 24% | 24% | ||||||||||||||||||||||||||||||||
50 | 1.50 | 300 | |||||||||||||||||||||||||||||||||
250 | |||||||||||||||||||||||||||||||||||
8.00 | 40 | 200 | 199.0 | 190.6 | |||||||||||||||||||||||||||||||
-16.4% | 174.0 | ||||||||||||||||||||||||||||||||||
30 | 1.00 | 24% | 25% | ||||||||||||||||||||||||||||||||
150 | 20% | ||||||||||||||||||||||||||||||||||
72% | 74% | 74% | |||||||||||||||||||||||||||||||||
7.00 | 20 | 0.50 | 100 | 73% | 75% | 79% | |||||||||||||||||||||||||||||
10 | 50 | ||||||||||||||||||||||||||||||||||
6.00 | 0 | 0.00 | 0 | ||||||||||||||||||||||||||||||||
2017 | 2018 | 2019 | H1.18 H1.19 H1.20 | ||||||||||||||||||||||||||||||||
2017 | 2018 | 2019 | H1.18 H1.19 H1.20 | ||||||||||||||||||||||||||||||||
u-blox 5 | u-blox 6 | Modules | Chips | Other | |||||||||||||||||||||||||||||||
u-blox 7 | u-blox 8/M8 | ||||||||||||||||||||||||||||||||||
u-blox 9 | ASP | ||||||||||||||||||||||||||||||||||
10 | u-blox Holding AG |
Gross profit
Comments
- Gross profit (adjusted) of CHF 79.4m
- Gross profit margin (adjusted) slightly higher than H1 2019
- H1 2020 margin reflects positive impacts from product mix
Gross profit (adjusted)
Gross profit margin (adjusted)
(million CHF) | (in % of revenue) | ||||||||
200 | 45.8% | 45.2% | 45.5% | 47.2% | 45.2% | 45.6% | 50% | ||
180 | |||||||||
160 | 40% | ||||||||
140 | |||||||||
120 | 30% | ||||||||
100 | 184.8 | ||||||||
177.9 | 175.1 | ||||||||
80 | 20% | ||||||||
60 | |||||||||
40 | 94.0 | 86.1 | 79.4 | 10% | |||||
20 | |||||||||
0 | 2018 | 2019 | H1.18 | H1.19 | H1.20 | 0% | |||
2017 | |||||||||
Gross Profit (adjusted) | % of revenue |
11 | u-blox Holding AG |
Distribution & Marketing / Research & Development
Comments | D&M expenses (adjusted) |
R&D expenses (adjusted)
- D&M expenses (adjusted) profit from cost savings in H1_2020
- R&D expenses (adjusted) remain stable and R&D pipeline fully maintained
- Reduced cash-out for R&D compared to H1 2019
(million CHF) | (in % of revenue) | ||||||||||||||||||||
40 | 8.8% | 9.1% | 8.9% | 9.3% | 9.1% | 10.0% | |||||||||||||||
35 | 8.4% | ||||||||||||||||||||
30 | 7.5% | ||||||||||||||||||||
25 | |||||||||||||||||||||
20 | 34.0 | 34.8 | 35.2 | 5.0% | |||||||||||||||||
15 | |||||||||||||||||||||
10 | 17.7 | 17.8 | 15.8 | 2.5% | |||||||||||||||||
5 | |||||||||||||||||||||
0 | 0.0% | ||||||||||||||||||||
2017 | 2018 | 2019 | H1.18 | H1.19 | H1.20 | ||||||||||||||||
(million CHF) | (in % of revenue) | |||||||||||||||||||||
90 | 22.7% | 25% | ||||||||||||||||||||
80 | 20.5% | 20.9% | 20% | |||||||||||||||||||
70 | 17.2% | 16.6% | ||||||||||||||||||||
60 | 14.5% | 15% | ||||||||||||||||||||
50 | ||||||||||||||||||||||
40 | 78.9 | 10% | ||||||||||||||||||||
67.8 | ||||||||||||||||||||||
30 | 58.3 | |||||||||||||||||||||
20 | 33.1 | 39.8 | 39.5 | 5% | ||||||||||||||||||
10 | ||||||||||||||||||||||
0 | 0% | |||||||||||||||||||||
2017 | 2018 | 2019 | H1.18 | H1.19 | H1.20 | |||||||||||||||||
D&M (adjusted) | % of revenues | R&D expense (adjusted) | R&D expense % of revenues | |||||||
12 | u-blox Holding AG |
Income statement
Adjusted and IFRS numbers
Comments
- Adjustments are share-based payments of CHF 3.3m, pension impact of IAS-19 of CHF 1.0m, amortization of intangible assets acquired of CHF 0.6m and impairments of CHF 74.1m3
- Financial costs consists primarily of foreign exchange losses, the interest for the two bonds, and the result of Sapcorda GmbH
- For group adjustments corporate tax rate of 18.1% applied (H1 2019: 16.3%)
- Impairment was caused by current market conditions mainly in automotive, changes in business plan expectations and refocusing of various programs. The company's existing lines of product offerings remain unaffected.
Jan-Jun 2020 | Jan-Jun 2020 | Jan-Jun 2019 | |||||||
Adjustments2) | |||||||||
(in CHF 000s) | (IFRS) % revenue | (adjusted) % revenue | (adjusted) | % revenue | |||||
Revenue | 173'957 | 100.0% | 173'957 | 100.0% | 190'554 | 100.0% | |||
Cost of sales | -94'927 | -54.6% | 362 | -94'565 | -54.4% | -104'466 | -54.8% | ||
Gross Profit | 79'030 | 45.4% | 362 | 79'392 | 45.6% | 86'088 | 45.2% | ||
Distribution and marketing expenses | -16'907 | -9.7% | 1'102 | -15'805 | -9.1% | -17'758 | -9.3% | ||
Research and development expenses | -115'483 | -66.4% | 76'001 | -39'482 | -22.7% | -39'777 | -20.9% | ||
General and administrative expenses | -12'935 | -7.4% | 1'562 | -11'373 | -6.5% | -10'255 | -5.4% | ||
Other income | 505 | 0.3% | 505 | 0.3% | 1'368 | 0.7% | |||
Operating Profit (EBIT) | -65'790 | -37.8% | 79'027 | 13'237 | 7.6% | 19'666 | 10.3% | ||
Finance income | 87 | 0.1% | 87 | 0.1% | 1'762 | 0.9% | |||
Finance costs | -3'533 | -2.0% | -3'533 | -2.0% | -3'157 | -1.7% | |||
Share of profit of equity-accounted investees, | |||||||||
net of taxes | -1'907 | -1.1% | -1'907 | -1.1% | -1'989 | -1.0% | |||
Profit before income tax (EBT) | -71'143 | -40.9% | 79'027 | 7'884 | 4.5% | 16'282 | 8.5% | ||
Income tax expense | 11'121 | 6.4% | -14'328 | -3'207 | -1.8% | -2'645 | -1.4% | ||
Net Profit | -60'022 | -34.5% | 64'699 | 4'677 | 2.7% | 13'637 | 7.2% | ||
Minority interests | -69 | 0.0% | -69 | 0.0% | |||||
Net Profit, attributable to equity holders of the | |||||||||
parent | -59'953 | -34.5% | 4'746 | 2.7% | 13'637 | 7.2% | |||
Earnings per share in CHF | (8.64) | 0.67 | 1.96 | ||||||
Diluted earnings per share in CHF | (8.64) | 0.67 | 1.96 | ||||||
Operating Profit (EBIT) | -65'790 | -37.8% | 79'027 | 13'237 | 7.6% | 19'666 | 10.3% | ||
Depreciation and amortization | 85'651 | 49.2% | -74'746 | 10'905 | 6.3% | 13'072 | 6.9% | ||
EBITDA 1) | 19'861 | 11.4% | 4'281 | 24'142 | 13.9% | 32'738 | 17.2% | ||
- Management calculates EBITDA (earnings before interest, taxes, depreciation and amortization) by adding back depreciation and amortization to operating profit (EBIT), in each case determined in accordance with IFRS.
- Adjustments are impacts of share based payments, Pension calculation according to IAS-19,Non-recurring expenses, impairments and amortization of intangible assets acquired
13 | u-blox Holding AG |
Statement of financial position
Comments
- Strong financial position with a liquidity (incl. marketable securities) of CHF 100.6m (Dec. 2019: CHF 128.3m)
- Inventory CHF 60.5m (Dec. 2019: CHF 51.6m) affected by sudden low demand due to COVID-19 situation
- Trade receivables CHF 39.1m (Dec. 2019: CHF 48.5m)
-
Capitalized R&D now CHF 140.2m (2019: CHF 199.9m).
Amortization and Impairment of capitalized R&D: CHF 78.4m - Current liabilities contain trade payables of CHF 26.2m (Dec. 2019: CHF 25.4m) and bond repayable April 2021 of CHF_59.9m
- Non-currentliabilities contain bond of CHF 60.7m, deferred tax liabilities CHF 9.0 m, employee benefits (IAS-19) CHF_25.1m, provisions CHF 10.7m
(million CHF)
(million CHF)
700
600
500
400
300
200
100
0
0
100
200
300
400
500
600
700
Fixed Assets
Inventory
Accounts Receivable
Other current assets
Cash (incl. marketable securities)
2016 2017 2018 2019 H1.2020
Short Term Debt
Long Term Debt
Shareholders' Equity
14 | u-blox Holding AG |
Global customer base
Comments
- Wide spread across different applications and geographical regions
- Strong and growing customer base, serving 7'600 customers worldwide in 2020 (2019: 7'200 customers)
- Low customer dependency
- 97 customers total 80% of revenue
- Largest customer accounts for 8.7% of total revenue in H1 2020
- 10 biggest customers account for 27.8% of total revenue in H1 2020
Number of customers totaling 80% of revenue
(# Customers)
120
100
80
60
104 | 108 | 104 | 97 |
94 |
- 84
0
2017 | 2018 | 2019 | H1.18 H1.19 H1.20 |
15 | u-blox Holding AG |
Employment
Employee breakdown
(end of June 2020, FTE based)
Logistics,
admin
16%
(2019: 168)
169 | ||||
Sales, | Total = 1'080 FTE | Research & | ||
marketing, | 174 | development | ||
(2019: 1'088 FTE) | ||||
support | 737 | 68% | ||
16% | (2019: 743) | |||
(2019: 177) |
Note: 75% of employees based outside Switzerland (spread across 18 countries)
Average number of employees (FTE based)
(Average FTE)
1200
1000
800
600 | 1'043 | 1'077 | ||
993 | ||||
400 | 893 | |||
786 | ||||
200
0
2016 | 2017 | 2018 | 2019 | H1.20 |
Note: FTE = full time equivalent
16 | u-blox Holding AG |
Statement of financial position
Comments
- Strong equity base maintained
- Equity ratio of 54.2% (2019: 60.0%)
- Treasury shares for option program CHF 32.0m (Dec. 2019: CHF 32.0m)
- Equity ratio without treasury shares: 56.8% (2019: 62.1%)
-
Equity ratio without IFRS 16:
56.4% (2019: 62.3%) - Minority interests of CHF 0.2m (2019: CHF 0.1m)
Total equity and equity ratio
(million CHF) | (% of total assets) | |||||
400 | 100% | |||||
350 | 90% | |||||
300 | 67.0% | 80% | ||||
63.1% | 70% | |||||
60.7% | 60.0% | |||||
250 | 54.2% | 60% | ||||
200 | 50% | |||||
319 | 349 | 351 | 40% | |||
150 | 285 | 289 | ||||
30% | ||||||
100 | ||||||
20% | ||||||
50 | 10% | |||||
0 | 0% | |||||
2016 | 2017 | 2018 | 2019 | H1.20 | ||
Equity | Equity ratio |
17 | u-blox Holding AG |
Segment information
IFRS numbers
Positioning and | Wireless services | Total segments | Non-allocated/ | Group | |||||||
wireless products | eliminations | ||||||||||
January - June | January - June | January - June | January - June | January - June | |||||||
(in CHF 000s) | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |
Revenue third parties | 173'795 | 190'433 | 162 | 121 | 173'957 | 190'554 | 173'957 | 190'554 | |||
Revenue intragroup | 16'519 | 15'871 | 16'519 | 15'871 | -16'519 | -15'871 | 0 | 0 | |||
Total revenue | 173'795 | 190'433 | 16'681 | 15'992 | 190'476 | 206'425 | -16'519 | -15'871 | 173'957 | 190'554 | |
EBITDA*) | 18'336 | 25'933 | 1'525 | 3'137 | 19'861 | 29'070 | 19'861 | 29'070 | |||
Depreciation | -4'636 | -4'945 | -1'385 | -1'570 | -6'021 | -6'515 | -6'021 | -6'515 | |||
Amortization | -5'144 | -7'638 | -382 | -11 | -5'526 | -7'649 | -5'526 | -7'649 | |||
Impairment | -74'104 | 0 | -74'104 | 0 | -74'104 | 0 | |||||
Operating profit (EBIT) | -65'548 | 13'350 | -242 | 1'556 | -65'790 | 14'906 | 0 | 0 | -65'790 | 14'906 | |
Finance income | 87 | 1'762 | 87 | 1'762 | |||||||
Finance costs | -3'533 | -3'157 | -3'533 | -3'157 | |||||||
Share of profit of equity-accounted investees, net of taxes | -1'907 | -1'989 | -1'907 | -1'989 | |||||||
EBT | -3'446 | -1'395 | -71'143 | 11'522 |
18 | u-blox Holding AG |
Consolidated statement of cash flows
Comments
- Cash flow from operating activities negatively impacted by net working capital of CHF -5.8m (H1 2019: CHF 7.9m)
- Maintained investment activities
- Free Cash Flow (before acquisitions & participations in capital increase) CHF -8.4m (H1 2019: CHF 3.9m)
- Acquisition of Thingstream of
CHF_9.3m and further investment into JV Sapcorda and Tashang of CHF_4.2m (H1 2019: CHF 3.4m)
For the period ended | For the period ended | |
(in CHF 000s) | June 30, 2020 | June 30, 2019 |
Net Profit | -60'022 | 9'650 |
Depreciation & Amortization | 85'651 | 14'164 |
Other non-cash transactions | 3'312 | 2'547 |
Financial income & financial expense | 5'353 | 3'384 |
Income tax expense | -11'121 | 1'872 |
Change in net working capital and provision | -5'825 | 7'900 |
Income tax paid | -3'493 | -6'406 |
Net cash generated from operating activities | 13'855 | 33'111 |
Net investment into property, plant and equipment | -2'855 | -3'409 |
Net investment into intangibles | -19'855 | -26'408 |
Net investments into financial assets | 467 | 612 |
Acquisition of subsidiairies, net of cash acquired & participations | -13'518 | -3'386 |
Net cash used in investing activities | -35'761 | -32'591 |
Free Cash Flow (before Acquisition & participations | ||
in capital increase) | -8'388 | 3'906 |
Free Cash Flow | -21'906 | 520 |
Proceeeds from issuance of ordinary shares | 0 | 91 |
Dividends paid to owners of the parent | 0 | -11'077 |
Net proceeds from borrowings | 1'076 | 0 |
Payment of lease liabilities | -2'313 | -2'192 |
Purchase of treasury shares | 0 | 0 |
Non-controlling interests | 125 | 0 |
Interest paid | -2'566 | -2'182 |
Net cash used in financing activities | -3'678 | -15'360 |
Net decrease in cash and cash equivalents | -25'584 | -14'840 |
Cash and cash equivalents at beginning of year | 127'424 | 136'296 |
Exchange gains/(losses) on cash and cash equivalents | -1'735 | -481 |
Cash and cash equivalents at end of the period | 100'105 | 120'975 |
19 | u-blox Holding AG |
Business update
20 | u-blox Holding AG |
Product launches H1 2020
Meeting our customers' needs for secure and simple cloud connectivity
Cellular | Short range radio | Positioning | Services |
communication | communication | ||
UBX-R5 | VERA-P3 | M9 |
UBX-R5LTE-M/NB-IoT | Brings easy access to V2X, an | M9 platform expanded with |
chipset offers | essential enabler of increased | additional features. The |
unprecedented wireless | safety, convenience, and | ultra-robust M9 technology |
technology integration with | efficiency on the road. | platform will serve |
built-inend-to-end security, | demanding automotive and | |
making it ideal for | high-end telematics | |
mission-critical or long life- | applications. | |
cycle IoT applications. | ||
JODY-W3 | ||
Designed for the increasing | ||
number of wireless high | ||
speed connections that will | ||
be required in vehicles. |
Thingstream acquisition
Enables u-blox to expand ist services portfolio with the addition of a complete and comprehensive IoT connectivity solution for customers and accelerates path toward achieving unique silicon- to-cloud differentiation.
21 | u-blox Holding AG |
Customer relationships: greenTEG
Leverages u-blox connectivity to protect health and safety amid COVID-19 pandemic
- CORE is a wearable for continuous and accurate core body temperature monitoring.
- CORE communicates wirelessly using the u-bloxNINA-B306stand-alone Bluetooth 5 low energy module
- Can be used to track users' wellness status as they return to the workplace from their homes, and alerts them when their core body temperature rises unexpectedly.
- u-bloxBluetooth products dovetail to create pioneering monitoring capabilities
22 | u-blox Holding AG |
Customer relationships: WaterLink
Enable wireless mesh networking technology to cut water metering costs
- u-blox'sNINA-B3stand-alone Bluetooth low energy modules and SARA-R410M- 02B LTE-M /NB-IoT and EGPRS cellular module for LPWA (low power wide area) applications are being used in a data logger for a smart water metering solution.
- "The combination of scalable mesh IoT network software and robust hardware from u-blox enable us to simplify the installation of water meters and therefore cut the total cost of ownership
for customers."
George P Prencipe, Director of WaterSynergy
- The robustness of the u-bloxNINA-B3 module design and software support makes integration simpler.
23 | u-blox Holding AG |
Strategy
24 | u-blox Holding AG |
Expanding content in automotive market
Improved functionality require more u-blox technology
- Driver assistance system for a more comfortable drive
- Hands-offsingle-lane driving capabilities
- Assist the driver with passing, lane diversions and lane exiting on multi-lane highways
- Enables hands-off driving while cruising in a given lane
25 | u-blox Holding AG |
IoT Communication-as-a-Service
We solve the problems of complexity, cost and availability.
The complexity of IoT Connectivity solved by a | Simplifying cost of ownership by offering a |
comprehensive end-to-end solution based on | product "as-a-Service" at predictable cost with |
the industry standard MQTT. | on-demand scalability. |
26 u-blox AG
u-blox strategic goal (with Thingstream)
Make wireless & location easy
Sensor
Data
Services | IoT Communication-as-a-Service |
• Security | |
• Connectivity | |
• Location |
Customer
Enterprise
Thingstream acquisition accelerates u-blox's path to sustainable silicon-to-cloud
differentiation
27 | u-blox Holding AG |
u-blox joined the GSMA IoT Ecosystem security
- To enable a secure market, companies must take responsibility to embed security from the beginning and at every stage of the IoT value chain.
- u-bloxjoined the GSMA IoT Ecosystem in February 2020
- u-bloxwill help strengthen the security in IoT ecosystems using the company's LTE-M and NB-IoT chipsets with the implementation of a set of security features endorsed by the GSMA.
- GSMA IoT ecoystem enables IoT device manufacturers and service providers to use a SIM as a robust and scalable hardware RoT to protect IoT data communications.
28 | u-blox Holding AG |
Outlook
29 | u-blox Holding AG |
Outlook 2020
Vast uncertainties - 2020 and mid-term guidance retracted
- Continued COVID-19 impact in all regions
- Business prediction difficult with respect to how quickly and strongly economies will recover
- Strong underlying growth drivers remain
- Content extension in automotive
- Expansion of industrial IoT
- Healthy ramp-up with new products
30 | u-blox Holding AG |
Upcoming events
• | Analyst day | 25 November, 2020 |
• 2020 full year results | 12 March, 2021 | |
• | Annual general meeting | 22 April, 2021 |
31 | u-blox Holding AG |
Thank you
for your attention
32 | u-blox Holding AG |
Attachments
- Original document
- Permalink
Disclaimer
u-blox Holding AG published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2020 17:11:58 UTC