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							        AXIS Communications
A world of intelligent networks
             Third quarter 2001
        CEO Peter Ragnarsson
         CFO Jörgen Lindquist
Third quarter 2001




         Axis is a
   profitable company
Highlights - EBIT


 10                                                     1
  0
-10
                       -37              -32     -39
-20            -45              -41
-30    -54
-40
-50                                             -20
-60
-70
      q1-00   q2-00   q3-00    q4-00   q1-01   q2-01   q3-01

                        EBIT     Structural


Ongoing operations
Highlights



 Strengthened positions
 Gross margins substantially improved
 Overhead costs lowered
 Air transport problems from
  terror attacks
Sales



 Axis grows in weak IT-market
   Global company
   Market positions
   Product portfolio
   Broad customer base
   Distribution channels
Sales

                                                    Sales
                                               (proforma 2000)
                                         550
                                         500
 Nine months 2001                       450
                                         400




                                 SEK m
                                         350
   Sales 487 Mkr (440)                  300
                                         250
   Growth 11%                           200
                                         150
                                         100
   Negative impact in q3                 50

    from terror attacks 10 Mkr                    q3           accum




                                                Prev year   Current year




Ongoing operations
Segments

 Networked Office
    Professional buyers
    Organizations >50
     employees
 Office connectivity OEM
    Industrial customers

 Camera
    IT
    Security / surveillance

 Mobile Internet
 Technology
 Networked Office - q3 2001

                                                Sales
                                           (proforma 2000)

 Strategic segment                  250
                                     225
                                     200
 Profitable base                    175




                             SEK m
                                     150
                                     125
 Negative impact from               100
                                      75
  macro and terror attacks            50
                                      25
                                       0
 Strengthened positions                      q3           accum




                                            Prev year   Current year
Office Connectivity OEM - q3 2001

                                                Sales
                                           (proforma 2000)

 Continuous demand for              175
                                     150
  built-in Axis solutions            125




                             SEK m
                                     100
 Several major projects             75
                                     50
  accounted for in q4-2001           25
                                      0
 Strong orderbook 2002                       q3           accum




                                            Prev year   Current year
 Camera - q3 2001

                                             Sales
                                        (proforma 2000)

 Digitalization                  175
                                  150

 Increased security              125




                          SEK m
                                  100
  awareness                       75
                                  50
 Launch Axis 2191 with           25

  audio module                     0
                                           q3           accum

 Negative impact from
  terror attacks                         Prev year   Current year
Mobile Internet - q3 2001

                                                  Sales
                                             (proforma 2000)

 Strategic area                      10,0


    Wireless technologies             7,5




                              SEK m
     (WLAN, Bluetooth, etc)            5,0
    Platform
                                       2,5

 Technology and                       0,0
  market uncertainties                           q3           accum




                                              Prev year   Current year
Technology - q3 2001

                                           Sales
                                      (proforma 2000)
                               10,0

 Increasing demand             7,5




                       SEK m
    Industrial use             5,0

 Several strategic             2,5

  customer contracts            0,0
                                          q3           accum




                                       Prev year   Current year
Investing for the future




 Intensive R & D agenda
   Nine month period 119 Mkr
   Corresponding to ~20% of sales
Effects from terror attacks




 Air transport problems
   More than 10 Mkr in shipments delayed
    until October
Highlights q3 2001 - EBIT




 Profitability despite effects from
  terror attacks
Highlights q3 2001 - Margins




             4.8
Highlights q3 2001 - Expenses




              48
 EBIT by quarter (proforma 2000)

                                                     EBIT by quarter
                                                     (proforma 2000)
 R&D overall
                                         10
    31 Mkr in q3-2001                                                             1
                                          0
 New structure                          -10
                                                                             -29
                                         -20                           -42
    20 Mkr restructuring                                  -55




                                 SEK m
                                         -30   -57   -57         -62
     costs in q2-2001
                                         -40                                 -20
    Restructuring costs in q4
     and q1 relates to Netch             -50
                                                                       -31
                                         -60
 Towards profitability                  -70
                                                                 -10

  as planned                             -80
                                                q1-  q2-  q3-  q4-  q1-  q2-  q3-
                                               2000 2000 2000 2000 2001 2001 2001

                                                 EBIT       Structural
 ThinServer products - EBIT q3 2001
                                             EBIT by quarter
                                             (proforma 2000)

                                     20
 Profitability in focus             10                                  16
    Action program                                         1
                                      0                         0    1
     reduces cost by 15%                               -7
                                                 -11




                             SEK m
 EBIT level improved                -10
                                           -31
  significantly                      -20

    Action program                  -30
     impacts profitability
     from q3 and onwards             -40
                                            q1-  q2-  q3-  q4-  q1-  q2-  q3-
                                           2000 2000 2000 2000 2001 2001 2001
Mobile Internet products - EBIT q3 -01

                                           EBIT by quarter
                                           (proforma 2000)

                                    0

 Intensive R&D                     -5
                                         -14
                                                                             -10

                                   -10         -19
                                                     -21
    Total investment in                                         -24   -25
                                   -15
     q3-2001 10 Mkr (21)                                   -34




                           SEK m
                                   -20
 Investment level                 -25
  reduced during 2001              -30
                                   -35
                                   -40
                                          q1- q2- q3- q4- q1- q2- q3-
                                         2000 2000 2000 2000 2001 2001 2001
EBIT analysis q3-2001 (proforma q3-2000)

                      July-September 2001 July-September 2000

ThinServer products                   16                   -7

Mobile Internet                       -10                 -21

Corporate functions                    -6                  -8

SUB-TOTAL                              1                  -37
Axis excl Netch

Netch                                   -                 -18

TOTAL                                  1                  -55
Sales – Q3



               Sweden
       Asia      4%
       24%

                        EMEA
                         39%


    Americas
      33%
Gross margin


  60.00%
  50.00%
  40.00%
  30.00%
  20.00%
  10.00%
   0.00%
           Q2-00 Q3-00 Q4-00 Q1-01 Q2-01 Q3-01
   GM% 58.30% 52.70% 46.50% 48.20%52.90% 55.40%
Accounts receivables


           Days of Sales Outstanding

      80

      60

      40

      20

      0
           Q1-   Q2-   Q3-   Q4-   Q1-   Q2-   Q3-
    DSO    67    55    76    57    64    56    53
Inventory


  90
  80
  70
  60
  50
  40
  30
  20
  10
   0
       Q1-00 Q2-00 Q3-00 Q4-00 Q1-01 Q2-01 Q3-01
Cash


 200
 180
 160
 140
 120
 100
  80
  60
  40
  20
   0
       Q3-00   Q4-00   Q1-01   Q2-01   Q3-01
Market trends




 Generally weak market conditions
  expected to remain at least until
  mid 2002
Axis 2001




 Focus on network connectivity
 Global presence
 Industry insider
 R&D portfolio
 Established channels to markets
 Track record
Outlook 2001




 Profitable operations second half
  of year 2001
This is Axis




   World-class solutions for
         easy-to-use,
     secure and efficient
 communication over networks