Opera Software: Third quarter 2009

Opera Software: Third quarter 2009
A note from our lawyers
DISCLAIMER:
This presentation contains, and is i.a. based on, forward-looking statements regarding Opera Software ASA and its
subsidiaries. These statements are based on various assumptions made by Opera Software ASA, which are beyond its control
and which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance
or achievements to be materially different from any future results, performances or achievements expressed or implied by the
forward-looking statements.
Forward-looking statements may in some cases be identified by terminology such as “may”, “will”, “could”, “should”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other
comparable terminology. These forward looking statements are only predictions. Actual events or results may differ materially,
and a number of factors may cause our actual results to differ materially from any such statement. Such factors include i.a.
general market conditions, demand for our services, the continued attractiveness of our technology, unpredictable changes in
regulations affecting our markets, market acceptance of new products and services and such other factors that may be relevant
from time to time. Although we believe that the expectations and assumptions reflected in the statements are reasonable, we
cannot guarantee future results, levels of activity, performance or achievement.
Opera Software ASA makes no representation or warranty (express or implied) as to the correctness or completeness of the
presentation, and neither Opera Software ASA nor any of its subsidiaries, directors or employees assumes any liability
connected to the presentation and the statements made herein. Except as required by law, we undertake no obligation to
update publicly any forward-looking statements for any reason after the date of this presentation to conform these statements
to actual results or to changes in our expectations. You are advised, however, to consult any further public disclosures made by
us, such as filings made with the Oslo Stock Exchange or press releases.
This presentation is for information purposes in connection with the Opera Software ASA 3Q09 presentation only. This
presentation is not an offer or invitation to sell or issue securities for sale in the United States, and does not constitute any
solicitation for any offer to purchase or subscribe any securities. Securities may not be sold in the United States unless they are
registered or are exempt from registration. Opera Software ASA does not intend to register any securities in the United States
or to conduct a public offering in the United States. Any public offering of securities to be made in the United States would be
made by means of a prospectus that will contain detailed information about Opera Software ASA and its management, as well
as financial statements. Copies of this presentation should not be distributed in or sent into any jurisdiction where such
distribution may be unlawful. The information in this presentation does not constitute an offer of securities for sale in Canada,
Japan or Australia.
Agenda
1. Highlights
Erik Harrell, CFO/COO
2. Financial review
Erik Harrell, CFO/COO
3. Operational update
Jon S. von Tetzchner, CEO
4. Q&A
Operational highlights: 3Q09 + 4QTD
Priority
Areas
Overview
Operators
Continue to make good progress
Mobile OEMs
Signed agreement with leading OEM, but disappointing shipment
volumes from existing customers
•  AT&T
launched Opera Mini on 6 phones in the USA
•  Vodafone has launched
•  Opera Mini in 7 countries
•  Opera Widgets (on Windows Mobile and Nokia Series 60) in 9 countries
•  Announced 30 phones with Opera Mobile and Opera Mini pre-installed via
operator customers
•  The pipeline is very solid and Opera expects new announcements in the coming
months
•  Opera
Mobile shipments of 4.5 million
•  Shipped on tens of millions phones every quarter with Opera Mini
•  Total of 55 phones announced, including 30 via operators and 25 via OEMs
•  25 announced phones with Samsung, HTC, Motorola, Sony Ericsson ++
•  Announced Opera mobile 10 with Turbo
Device OEMs
Continue to make good progress
•  Announced
agreement with Creative
•  Opera now offered as a free download on the Nintendo Wii
•  Announced agreement with Thomson
•  Announced agreement with Toshiba for TVs
•  Activity level highest for TVs and set-top boxes
Operational highlights: 3Q09 + 4QTD
Priority
areas
Overview
Desktop
Successful launch of Opera 10 driving user growth
Opera Mini
Strong user growth continues
(Operabranded)
Overall
•  Record
downloads
•  Innovative new features such as Opera Unite and Opera Turbo
•  Nearly 45 mm monthly users (up 45% YoY)
•  35+
mm users in September
•  15 billion page views and 277 million MB downloaded (equivalent to USD 3.3B in
annual revenue for operators, when assuming $1/MB)
•  Opera Mini 5 beta launched
•  Agreement with MegaFon in Russia for Moscow (revenue share on data traffic)
90 million + active monthly users of Opera products today in more than 175 countries
around the world
Mega trends clearly favor Opera – more browsing on all types of devices + driving clear
value proposition to operators
Opera’s strategic position and activity level with operators, in particular, have never
been better
2009 Financial highlights
Priorities
3Q Status report
9M** Status report
Revenue
MNOK 134.8 (+8% vs 3Q08)
MNOK 470.2 (+38% vs 9M08)
EBITDA*
MNOK 2.1 (MNOK 25.9 in 3Q08)
MNOK 69.8 (MNOK 62.3 in 9M08)
Operating cash
flow
MNOK 47.4 (MNOK 44.2 in
3Q08)
MNOK 77.9 (MNOK 80.6 in 9M08)
* Non-IFRS EBITDA excludes stock option costs
** 9M = 9 months
Financial review
3Q09 Financial review
MNOK
3Q 2009
3Q 2008 Q on Q
9M* 2009
9M* 2008 9M* vs 9M*
Desktop +
42.8
28.0
53%
134.5
74.4
81%
Internet Devices +
92.0
96.7
-5%
335.7
265.8
26%
Total revenue =
134.8
124.7
8%
470.2
340.2
38%
Payroll and related expenses -
96.1
73.2
31%
297.0
208.5
42%
Stock option costs -
2.7
1.1
145%
10.2
6.5
57%
Depreciation and amortization -
4.0
2.1
95%
10.0
5.8
71%
Other operating expenses -
36.6
25.6
43%
103.4
69.4
49%
Total expenses =
139.4
102.0
37%
420.5
290.2
45%
EBIT
-4.6
22.7
49.6
49.9
Net Income
-12.0
33.3
26.9
58.8
EPS (NOK)
-0.10
0.28
0.23
0.49
*9M = 9 months
Financial highlights: 1Q04-3Q09
Operating revenues (NOK Million)
* Non-IFRS EBITDA excludes stock option costs
EBITDA* (Non-IFRS) (NOK Million)
Revenues: 3Q09
Area
Comments: Revenues (vs. 3Q08)
Operators
and OEMs
Operators: Very solid growth in revenue, both from existing and new
agreements
•  Operator
generated revenue now constitutes approximately 40% of
Internet Device revenue, largest generator of revenue within Internet
Devices
Mobile OEMs: Decline in revenue
Total revenue down vs 3Q08 due to lower shipments and NRE
Device OEMs: More than 75% of revenue from licenses
10 new customers since 3Q08
Revenues: 3Q09
Area
Comments: Revenues (vs. 3Q08)
Consumers
Opera Desktop: Users up 45% since 3Q08
Revenue up 53%
•  Successful launch of Opera 10
•  Users up 130% since 3Q07
• 
Opera Mini: Users up 150% since 3Q08
Continued development of revenue models
•  Expect more meaningful revenue in 2010
•  Successful launch of Opera Mini 5 Beta
•  Users up 900% since 3Q07
• 
OPEX development
OPEX comments 3Q09 vs. 3Q08
OPEX (NOK Million)
• Total
operating expenses up 37%
•  Payroll
cost up 31%
• Headcount
growth worldwide of
31% since 3Q08
•  Stock
option costs up145%
•  3Q08
was unusually low*
•  Depreciation
cost up 95%
• Is
mainly a result of Opera Mini
hosting infrastructure
•  Other
OPEX up 43%
• Increase
mainly due to higher
office expenses and hosting
costs versus 3Q08
*Fair value cost in 3Q 09 was 3.7 MNOK vs. 1.8 MNOK in 3Q 08
EBITDA development
3Q 2008 / 3Q 2009 (NOK Million)
Comments on EBITDA development YoY*
• 
Revenues up MNOK 10.0
•  Desktop + MNOK 14.7
•  Internet Devices - MNOK 4.7
Payroll and related expenses up
MNOK 22.9
•  Engineering
•  Sales and Marketing globally
•  Overall headcount up 31% vs
3Q08
• 
• 
* Year over Year, 3Q 2009 vs 3Q 2008
Other expenses up MNOK 10.9
•  Increase mainly due to higher
office expenses and hosting
costs versus 3Q08
Strong capital structure
Balance sheet (MNOK)
Balance sheet highlights
Metric
3Q09
3Q08
Cash
MNOK 581
MNOK 509
NWC*
MNOK -82
MNOK 37
Equity
MNOK 601
MNOK 571
* NWC is defined as Total current assets excluding cash and cash
equivalents minus Total current liabilities.
Cash flow
3Q09
3Q08
Operating
cash flow***
MNOK47
MNOK 44
Investments
MNOK -7
MNOK -4
Financing
MNOK -47*
MNOK -24**
Cash balance
MNOK 581
MNOK 509
Operating cash flow YTD09 vs. YTD08
*Dividend of 0.4NOK per share, 48 MNOK.
**Buyback of shares, 25 MNOK
*** 4Q09 cashflow will be impacted by a tax payment a approximately MNOK 50 (of which the company
will receive a partial refund in FY2010)
Financial high-level summary: 3Q09
•  Revenues
•  Continue to make good progress with operators and desktop
•  Revenues from device OEMs important contributor
•  Revenues from mobile OEMs weak
•  FX headwinds having a pronounced negative effect on revenues
•  USD down 16% versus the NOK and EUR down 13% versus the
NOK in 3Q09 vs end of 2008 (98%+ of revenues in EUR and USD)
•  As expected, 3Q09 NREs declined
•  Expenses
•  Vacation affected payroll more than expected (favorable variance)
•  Generally good cost control around other OPEX
Financial high-level summary: 4Q09*
• 
Revenues: Expectations vs. 3Q09 (constant currency)*
•  Revenue to continue to grow with operators
•  Opera 10 to continue to drive desktop-user growth
•  Device OEM revenue to grow
•  Mobile OEM revenue to decline (due to lower NREs)
•  NRE revenues to remain relatively flat overall
•  Expenses: Expectations vs. 3Q09 (constant currency)*
•  Payroll
•  Limited vacation effect versus 3Q
•  Full effect of 3Q hires
•  End of 4Q headcount expected to be generally in line with end of
3Q
•  Other operating expenses
•  Expect high marketing and travel spend, in particular
* Asssuming current FX rates.
4Q 2009 Guidance
Metric
4Q 2009
Revenue*
MNOK 140 - 145
Expenses**
MNOK 145 - 150
*Assumes currency (NOK 5.6/USD, NOK 8.4/EUR).
** Includes payroll, other OPEX, stock option costs and depreciation
Outlook FY2010
• 
• 
• 
Overall
• 
Will provide a more specific outlook for 1Q 2010 and FY2010 by February 2010
• 
1Q10 revenues expected to be comparable to slightly higher than 4Q09 revenue range*
• 
1Q10 expenses expected to be comparable to 4Q09 expense range**
• 
Profits in FY2010 to be heavily 2H 2010 oriented
Revenues ***
• 
Expect operator revenues to grow at solid growth rate due to active user ramp up + new agreements
• 
Expect desktop revenues to grow at solid growth rate due to desktop active user growth
• 
Expect mobile OEM revenue to be flattish compared to 4Q09 run rate levels
• 
Expect devices revenue to grow
• 
Value of NOK versus EUR and USD major factor
Expenses
• 
Continued additions to headcount, but a significantly lower % increase than FY2009
• 
Aggressive focus on cost control overall
*Assumes NOK/USD of 5.6 and NOK/EUR of 8.4
** Assuming current exchange rates of NOK versus SEK 0.81, YEN 0.063, USD 5.6, Zloty 1.98
***Assumes NOK/USD of 5.6 and NOK/EUR of 8.4 for 2009 revenues (constant currency basis)
Operational focus FY2010
• 
• 
• 
• 
• 
Operators
• 
Sign more agreements with top operators
• 
Work closely with existing and prospective customers to ramp up active users of Opera Mini and Opera
Widgets
Desktop
• 
Continued high focus on top geographic markets , local marketing and product localization to drive user
growth
• 
Leverage potential of new features (Opera Turbo, Opera Unite, Opera Link)
Mobile-handset manufacturers
• 
Expand volumes with existing customers
• 
Deliver increasingly more standardized products
Consumer-electronic device manufacturers
• 
Continue to expand Tier-1 customer base
• 
Volume potential particularly strong around ”Living Room Browsing” (TVs and IPTV set-top boxes), in
addition to gaming consoles
Opera-branded Opera Mini
• 
Continued high focus on top geographic markets, local marketing and product localization to drive user
growth
Summary
• 
Overall, disappointed with the financial results in 3Q09
• 
Pleased with progress in the key areas driving revenue growth (operators and
desktop)
• 
Overall, our resources are more and more focused on operators and desktop
• 
To make recurring and more predictable revenue streams a higher % of our revenues
• 
To reduce NRE per project to make us more scalable and profitable as a company
• 
Expect this to drive higher profits next year than this year
• 
We believe our strategy to focus on the operators has been absolutely the right one
• 
We believe that 3Q09 represents a trough in revenues and expect to grow revenues
again going forward
• 
Managing costs as aggressively and prudently as possible
• 
Will provide a more specific FY2010 outlook by February 2010
Capital Markets Day 2010 suggestion
Capital Markets Day 2010
• 
Opera will be hosting a Capital Markets Day
• 
Timing: March, 2010
• 
Location and further details to be announced as soon
as possible
Operations update
Opera’s vision is to provide the best
Internet experience on any device
This is Opera Software
The world’s leading Web browser
development company 760 employees
in more than ten countries
Unmatched footprint across PCs,
mobile phones and other connected
devices
Leading customers T-Mobile,
Vodafone, Nokia, AT&T, SKT, KDDI,
Ford, Sony Ericsson, Motorola,
Samsung, Sony and Nintendo + others
v
End-user movement:
35+ million unique monthly users of
Opera Mini in September 2009
Opera Mobile shipped on 135+ million
phones
Nearly 45 million use Opera for PCs
Millions surf Opera on Nintendo DSi
and other connected devices
Opera’s unique
ability to deliver a
world-class, crossplatform browser
Technical
• 
• 
• 
One core – multiple platforms
Support of quickly evolving standards
Cutting edge innovation
Organizational
• 
• 
• 
Experienced, global organization
Management experience in handling highly complex, technical projects
Large Quality Assurance team
Beyond the features
• 
• 
The importance of time-to-market
A connected experience, with widgets, services and server-enabled solutions
The unique differentiator: One browser
core - for any platform - powers One Web
Pocket
PC
Smartp
hone
Windows
Motorola
P2K
ltron
Samsung
SHP
Windows
CE/Mobile
S60
Media
Highway
Platformindependent
core
Symbian
OS
UIQ
Mac
QnX
Java
J2ME
(Mini)
Unix
Qte
Qt
Free
BSD
Linux
Solaris
Qtopia
Gogi
BREW
Nintendo
Wii
DS
Opera’s global customers
There is only One Web…
Devices, platforms and networks: They come in all shapes and
sizes. Only one thing unifies them: The Web
Why only One Web will prevail
• 
People want to access the same
services regardless of device
• 
The cost of teaching people to do
something new is too high
• 
Most connected devices will have full
Web browsers– good for users,
operators and manufacturers
• 
The browser is now a platform for
Web 2.0 applications and services
Operations update: Business area
AT&T brings the mobile Web to the masses
• 
AT&T and Opera bring the full Web to
feature phones
• 
Currently, AT&T has introduced or
previewed six handsets featuring the
Opera Mini browser, branded att.net
• 
att.net makes the mobile Internet
browsing experience faster, more
location-aware, and easier to use
• 
Handsets featuring Opera Mini:
–  Pantech Reveal, Pantech Impact,
Samsung Mythic, Samsung Flight,
Samsung Propel, Samsung 777
Pantech Reveal
AT&T brings the mobile Web to the masses
with the att.net experience
Pantech Reveal
Latin America: TIGO selects Opera
• 
TIGO, a leading telecom brand in
Latin America, selects Opera for
mobile Web push
• 
TIGO Guatemala preinstalls Opera
Mini and offers the browser as a
download
• 
The Opera Mini browser is
customized with Spanish menus and
customized bookmarks
• 
The TIGO brand is managed by
COMCEL, a subsidiary of Milicom
Corporation
Opera and Smart Telecom bring Opera Mini
to Indonesia
• 
Smart Telecom has selected Opera
Mini for two handsets, the Samsung
Pinger and the Nexian C951
• 
The Nexian C951 features a pre-set
”hot key” with the Opera logo, for
direct access to the Web
• 
The new devices will be available in
mid-November and early December,
respectively
• 
Smart Telecom is a leading, national
telecommunications provider in
Indonesia
”Honey, I shrunk the net!”
• 
Vodafone’s operating company in
South Africa, Vodacom, introduces
the true mobile Web to its customers
• 
In its marketing, Vodacom focuses on
how Opera’s technology ”shrinks” the
Web to fit on any mobile screen
• 
Opera Mini and Opera Mobile now
available on multiple handsets
• 
Vodacom is the top telecom provider
in South Africa. The company also
has operations in other African
countries
Opera Mini goes mega in Moscow with
MegaFon
• 
MegaFon, a leading telecom operator
in Russia, has selected Opera Mini
• 
The agreement covers the city of
Moscow
• 
Subscribers can activate the
”Unlimited Internet with Opera Mini”
service package
• 
More than half of MegaFon’s
customer base is already using
mobile Web services
A worldwide operator footprint
Operator-branded (9):
AT&T (USA) (New)
Cell One (Namibia)
Debitel (Germany)
O2 (Slovakia & Germany)
SK Telecom
Swisscom (Switzerland)
T-Mobile International
Tata Teleservices (India)
Vodafone Group
Opera-branded (20):
GrameenPhone (Bangladesh)
HT Telecom (Europe)
MegaFon (Russia) (New)
mobilkom (Austria)
Mobitel (Sri Lanka)
Movistar (Mexico)
Movistar (Colombia)
MTN Uganda
Omnitel (Lithuania)
Optimus (Portugal)
Pannon (Hungary)
Sprint (USA)
Smart Telecom (Indonesia) (New)
Talkline (Germany)
TDC (Denmark)
Telenor (Serbia)
Telenor (Pakistan)
TIGO (Guatemala) (New)
TIM Brazil
TIM Hellas (Greece)
Virgin Mobile (USA)
Creating standardized
products
• 
Opera is increasing its focus on creating
standardized products, from the browser
core to the user interface
• 
Standardized products streamline the
customer delivery process and reduce
burden on internal engineering
resources
• 
Product example: Opera Mini and
Opera Mobile now share the user
interface experience
• 
By standardizing our products we reduce
the time to market for our customers
products and limit NRE
The all-new Opera Mini 5
The all-new Opera Mobile 10
Partner success program
Goal:
•  Increase the marketing of Opera
products through our key customers,
to increase the number of active
users per account
Activities:
•  Marketing campaign materials
•  Educational materials
•  Research and statistics
•  Provide relevant case studies
•  Dedicated marketing resources for
key customers
Opera Mobile: 36 new models to date in 2009
HTC
HTC Touch 3G
HTC Touch Diamond2
HTC Touch Pro2
HTC HD2
HTC Imagio
HTC Leo
HTC Pure
HTC Tilt2
Casio
Casio CA001
Casio G's One CA 002
Garmin-ASUS
nüvifone M20
Hitachi
Hitachi Mobile Hi-Vision CAM Wooo
Hitachi Wooo H001
iida
iida G9
iida PLY
Motorola
MOTOSURF A3100
Motorola A1200R
Motorola Karma QA1 (AT&T)
Panasonic
Panasonic P001
Samsung
Samsung Mondi
Samsung Armani/B7620
Samsung H1 (Vodafone)
Samsung Instinct HD (Sprint)
Samsung T-Omnia II
Sharp
Sharp E05SH
Sharp E06SH
Sharp SH001
Sharp SOLOAR PHONE SH 002
Sharp Sportio water beat
Sony Ericsson
Sony Ericsson CyberShot S001
Sony Ericsson Walkman Phone Premier 3
Kyocera
Kyocera K002
-----------------------------------Black: 1Q-2Q 2009
Red: 3Q 2009
Toshiba
Toshiba Biblio
Toshiba T0002
Toshiba FullChen T001
Willcom
Willcom Honey BEE 2
XDA (O2)
XDA Ignito
Opera Mini: 102 new models to date in 2009
Haier
Haier CG100
Huawei
Huawei 736
Huawei 835
Huawei C2900i
Huawei C5100
Huawei C5588
Huawei C2809
Huawei C2900
Huawei C2905
Kyocera
Kyocera K325
Kyocera K612
Kyocera KX5
Kyocera M1000
LG
LG AD6335
LG GT360
LG KP500
LG GB220
LG KP500
LG GT360
LG AD6335
LG Chocolate 2 16
-------------------------------Black: 1Q-2Q 2009
Red: 3Q 2009
Micromax
Micromax GC700
Micromax X555
Micromax X511
Motorola
Motorola E8
Motorola K1M
Motorola V3C
Nokia
Nokia 2865
Nokia 3155
Nokia 5800
Nokia 6155
Nokia 6255
Nokia 6265
Nokia 6275
Nokia 6303
Nokia N79
Nokia 5130
Nokia 6700
Nokia 2330
Nokia 6303
Nokia 2700
Nokia 8800
Nokia 2730 classic
Nokia 3710 fold
Nokia 6720
Nexian
Nexian C951 21
Pantech
Pantech PA-711
Pantech PA-715S
Pantech CDM8074
Pantech Reveal
Pantech Impact
Samsung
Samsung C3050V
Samsung M310
Samsung S3500V
Samsung S7220
Samsung S7350
Samsung SCH-299
Samsung SCH-E159
Samsung SCH-F309
Samsung SCH-F519
Samsung SCH-F679
Samsung SCH-M569
Samsung SCH-S259
Samsung SCH-S379
Samsung SCH-W619
Samsung T459
Samsung S3500 19
Samsung H1
Samsung Pinger
Samsung SCH-B139
Samsung SCH-B189
Samsung SCH-B239
Samsung SCH-B259
Samsung SCH-F309
Samsung SCH-F519
Samsung SCH-S259
Samsung Propel
Samsung
Samsung 777
Samsung Mythic
Samsung Flight
Sony Ericsson
Sony Ericsson C903
Sony Ericsson S312
Sony Ericsson W205
Sony Ericsson W508
Sony Ericsson W705
Sony Ericsson W705
Sony Ericsson W715
Sony Ericsson W890
Sony Ericsson W995
Sony Ericsson U10i
Sony Ericsson C901
Sony Ericsson U10i
Sonim
Sonim XP3.20
Sonim XP3 Quest
Spice
Spice-D-1111
Spice C810
Spice D-6666
Spice M-940n
Spice S-6005
UTStarcom
UTStarcom CDM 8964
UTStarcom PCS 1450V
Vodafone
Vodafone 340
Vodafone 540 16
Opera Devices:
Pushing the boundaries of One Web
Two areas of use:
1. Full Internet browsing
Opera Devices SDK is
used to develop a fullfledged browser for surfing
2. Application environment
Opera Devices SDK powers a
device with menu system, user
interface, widgets and
applications
Opera brings widgets and Web browsing
to Orange’s new Tabbee family organizer
“On the Tabbee, the Web is a key
component. Widgets are essential
in making this device easy to use
for the entire family. […] Opera
Devices SDK was the best choice
to put the entire Web at their
fingertips”
Jean-Louis Constanza, Chairman and
CEO, Orange Vallée
New Toshiba TV ships with Opera
• 
Toshiba has
unveiled the 55inch Cell Regza
55X1 in Japan as
its new flagship
LCD television set
• 
The TV's Operapowered browser
also supports Full
HD and can display
HD YouTube videos
• 
The Cell Regza
system is made up
of a TV and a
separate matching
box that houses the
tuner and the HDD.
Nintendo sets Opera free on the Wii
• 
The Opera browser (The Internet
Channel) on the Nintendo Wii is
now a free download to all
owners
• 
The Internet Channel has been
updated to support upgraded
features of Adobe Flash
• 
The Internet Channel makes it
possible for Wii users to surf the
web easily using the Wii remote
to navigate pages
The Web goes prime time on TV sets
• 
Opera Devices SDK 10: A
complete Web technology-based
toolkit for bringing the Web and
widgets to TVs and other
connected devices
Key features:
• 
Hardware acceleration
• 
Extended support for silicon
platforms
• 
Improved UI transitions and
animations
• 
Easier on-screen navigation and
improved visual presentation
• 
Standards compliant
KDDI au BOX
Sony VGF-CP1
Sony Bravia Video Internet link
Pirelli
Discus
Nintendo DSi
ASUS Eee Top PC
Phillips Net TV
Nintendo Wii
Leadtek
XTP8886
VeriFone payment system
Orange Tabbee
Telsey Waves
VCom NDVB-9000
Amino set-top box
Tilgin Mood 300 & 400
Ford trucks and vans
Posbro G100
Toshiba TV
Operations update: Consumer area
The Web is big, but everyone is not online
•  In June 2009, almost 1.7 billion people
had access to the Internet.
•  This is 24.7 % of the world’s current
population.
The Internet population breakdown
41 %
25 %
16 %
11 %
3%
3%
1%
Internet penetration per market
74 %
60 %
49 %
30 %
23 %
17 %
6%
Remaining growth potential per market*
1 567 %
488 %
335 %
233 %
104 %
67 %
35 %
* Potential growth until 100%
internet penetration reached
Opera 10: Fast, powerful and innovative
Feature map
Praise for Opera 10
“Opera 10 is just too good to ignore: You
won't miss IE, Firefox or Chrome”
“Opera 10 Beta Continues Browser's
Innovation Trend”
“Between the new features and the UI
redesign, Opera 10 for the Mac looks to
be yet another strong contender”
Opera Turbo: 3 million users in the first month
• 
In September, 3 million people used Opera Turbo to escalate their surfing
speeds
• 
They viewed 668 million pages
• 
The numbers indicate that Opera Turbo solves critical bandwidth issues
Opera Unite
•  Opera Unite is a powerful platform
that turns your Web browser into a
Web Server.
•  You can share content directly
with friends without having to
upload anything to a Web site.
•  You can stream music, show
photo galleries, share files and
folders or even host your Web
pages.
Opera Unite Applications
Media Player
Messenger
File Sharing
The Lounge
File Inbox
Photo Sharing
Web Server
Fridge
Opera for Desktop: Revenue growth
•  Revenue growth of 53%
compared to 3Q08
•  User growth 45% compared
to 3Q08 and 6% vs 2Q09
•  Reaping benefits of
localization strategy in terms
of product features,
marketing materials and
commercial agreements
•  Higher user growth than
overall Internet market in
target countries
Opera Desktop Revenue (MNOK)
Opera Mobile 10 hits the streets
• 
Opera Mobile 10 in beta for the
S60 smartphone platform
• 
Completely redesigned UI and
greatly improved browsing
experience
• 
More customizable, easier for
partners to skin/customize
• 
Faster
• 
Supports touch phones and
keypad phones
• 
Future versions of Opera Mobile
10 will support Windows Mobile
Opera Mini 5: The
world’s most
popular mobile
Web browser gets
an inside-out
makeover
• 
New, sleek design
• 
Tabbed browsing
• 
Touchscreen or keypad browsing
• 
Password manager
• 
Speed Dial
• 
Faster browsing
Users embrace the mobile Web
More users
• 
Number of Opera Mini users in September 2008: 14.2
million
• 
Number of Opera Mini users in September 2009: 35.6
million
Data traffic growth (September 2008 – September 2009)
• 
+ 230% (to 227 million MB)
64
Opera Mini – page view bonanza
Opera Mini monthly page views
Opera Mini users
viewed nearly 15
billion pages in
September 2009.
Since September
2008, page views
have gone up 230%
In September 2009,
Opera Mini had over
35 million users, up
150% compared to
September 2008.
Opera Mini generates
data traffic for 500
operators in 175+
countries every
month
Total addressable market for Opera Mini
2.6 billion Java
devices roam
worldwide
(Comments by Sun CEO Jonathan Schwartz at the JavaOne conference,
July 2009)
The My Opera Community – at the heart of
Opera’s universe Strong growth in users and traffic
Total members: 3,136,216
Average daily signups: 5,433 (Oct 09)
Average daily page views: 1,929,568 (Oct 09)
Thank you for listening