1. ... M A K E S Y O U R N E T W O R K S M A R T E R Welcome to Axis´ Annual General Meeting 2003

2. ... M A K E S Y O U R N E T W O R K S M A R T E R 7. President´s message Ray Mauritsson

3. Increased profitability despite weak market  Net sales for comparable units: SEK 670 M (676)  Operating profit for comparable units: SEK 40 M (-83)  Cash flow from operating activities amounted to: SEK 7 M (-26)

4. Year 2002 in brief  Profitability  Cost control  Improved gross margins  Decreased sales within Print  Continuous growth for Video

5. Sales development 1997-2002 Video Document 97/9898/9999/00200020012002

6. Intelligent Network Solutions Video Solutions  Network Cameras  Video Servers 45% 41% 14% Network Printing Other  Network Scan & Store  Technology sales  Wireless Access

7. Two offerings to the market Axis business model Platforms and Customized Products 25% Products and System Solutions 75%

8. Global Distribution and Sales End user OEM Axis National distributor Value added distributor Reseller Installer

9. Geographical spreading of risks Europe, Middle East, Africa North, South and Central America Asia Sales by region 2002 47% 27% 26%

10. Customer segments Retail Bank Transportation Government Education Industrial

11. A growing Video market  Global market leader  Significant growth potential ¬ Growing interest in surveillance and security ¬ Shift from analog to digital solutions ¬ New technical possibilities

12. Multiplexor Alarm I/O Matrix Switch Time Laps Traditional analog camera surveillance …the total CCTV-market is estimated at 5 billion USD Source: Frost & Sullivan 2001

13. Alarm I/O TCP/IP Network Work station Internet/ Intranet Digital video surveillance …so far, only 2-3 % of the total market

14. Strategical agreements 2002  Network surveillance solutions to Washington, DC Police  Video surveillance of public transports in Italy  Security solution to New Zealand penitentiary  French bank increases security with network cameras

15. Security market IT market Converging markets

16. ... M A K E S Y O U R N E T W O R K S M A R T E R First quarter January - March 2003

17. Financial Performance  Net sales: SEK 153 M (164) ¬ Currency effects impacted negatively: SEK 18 M  Operating profit: SEK 0.6 M (11)

18. Q1 2003  Continued growth for Video, 18%  Proactive market efforts  Weak IT investments  Generally restrained market

19. Sales mix Q1 2003 Video Sales by Product Group 52% Print 40% Scan & Store 6% Access and other 2% Branded vs. OEM- sales 19%OEM Branded 81%

20. Investing for the future  Intensive R&D agenda ¬ Estimated 15% - 20% reinvested in R&D ¬ Video prioritized in 2003 ¬ Several new products  Proactive market efforts ¬ Focus on customer segments ¬ New partnerships

21. Outlook 2003  Cautious market  Signs of increased activity  Strengthened positions and growth potential for Video  Continued profitable development