Investor Presentaiton
Exceptional organic growth profile
Strong net sales growth and highly
attractive gross margins
Net sales' (SEKm) and gross profit margin (%)
Returning to profitability after heavily
R&D/growth investing
EBIT (SEKm) and EBIT margin (%)
Increasing annual recurring revenue
(ARR)
Annual recurring revenue',2 (SEKm)
50% p.a.
1 561
20%
215
14%
4%
84%
88%
86% 82%
84%
1%
28
75%
70%
8
3
867
(8%)
606
542
379
232
142
(67)
61
(30%)
(161)
(38%)
(230)
'16
'17 '18
'19
'20
'21 '22
'16
'17
'18
'19
'20
'21 '22
14
Source: Company information
3.4x
205
109
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Notes: 1) Key financial information presented herein comprises selected key performance indicators for Yubico, extracted both from Yubico's historical financial statements and internal accounting systems that have not been audited. Re-stated personnel
expenses 2020 to 2022 while 2016 to 2019 personnel expenses based on reported financials (not re-stated); 2) ARR defined as annualized contract value related to subscriptions as of the end of the reporting periodView entire presentation