1. AXIS Communications - a world of intelligent networks Full year 2002 CEO Peter Ragnarsson CFO Jörgen Lindquist

2. Sharp increase in profitability

3. Financial performance 2002 Net sales for comparable units: SEK 670 M (676) Operating profit for comparable units: SEK 40 M (loss:83) Cash flow from operating activities: SEK 7 M (neg:26)

4. This is Axis A global, established and profitable company Sales in over 70 countries A broad product portfolio meeting customer´s needs An innovative market leader Proven technology and intensive R & D

5. Highlights 2002 Strong development within Video Proactive market efforts Several new partners focused on total solutions Positive sales trend in Asia and EMEA

6. A year of growth in the Video market Worldwide #1 position Axis’ largest product area A base of 200,000 units installed Several new strategic agreements

7. Trends driving the market Transition from analog to digital solutions Growing interest in surveillance and security Increasingly large investments Increasingly professional applications

8. IT market Security market Converging markets

9. Focus on customer segments Transportation Banking & Finance Government Retail Industrial Education

10. Investing for the future Intensive R&D agenda 118 MSEK in year 2002 Corresponding to 18% of sales Nine new patents Product innovations for future growth

11. A strong position Proven technology Global sales and distribution Market leadership Profitable development Growth opportunities

12. Financial performance Full year 2002

13. Financial performance 2002 Sharp increase in profitability despite weak market Net sales for comparable units: SEK 670 M (676) Operating profit for comparable units: SEK 40 M (loss:83) Cash flow from operating activities: SEK 7 M (neg:26)

14. Financial highlights Profitability Continuous growth for Video Continuous cost control Currency effects Positive cash flow

15. Sales 2002 Ongoing operations 12 months 2002 Sales 670 MSEK (676)

16. Sales Q4 2002 Sales by Product Group 45% Video Print 41% Scan & Store 7% Access 1% Other 6% Sales by region 22% Asia Americas EMEA 26%27% 47%

17. Video – Sales 2001-2002 45% of Axis´ total sales Increased demand for network cameras and video servers New agreements Q1Q2Q3Q4Q1Q2Q3 20012002 Q4

18. Print – Sales 2001-2002 41% of Axis´ total sales Weak development due to cautious IT-market Q1Q2Q3Q4Q2Q3Q4 Pro forma 2000 20012002 Q1

19. EBIT by Quarter 2000-2002 Continuous profitable development Q4: operating margin 5.7%; profit margin 7.3% Pro forma 2000 Q4Q1Q2Q3Q4Q1Q2Q3 2000 Q1Q2Q3 20012002 Q4

20. Ongoing operations, MSEK Sales per Quarter 2001-2002

21. Gross margin 2001-2002 MSEK

22. Accounts receivables 2001-2002

23. Inventory 2001-2002 MSEK

24. Liquid funds 2001-2002 MSEK

25. Axis’ ambition 2003 Profitability and growth Strengthened positions Priority on Video Clear customer focus New generation Video products

26. Outlook 2003 Signs of increased activities in several markets IT market and overall sales trend difficult to predict Continued substantial growth for Video