Atturra Limited · ASX:ATA
Atturra — Investor Presentation (November 2024)
30 slides from Atturra's investor presentation, Nov 13, 2024
Slide 1: Acquisitions and Equity Raise
Acquisitions and Equity Raise 13 November 2024 This presentation has been authorised for release to the ASX by the Board of Atturra Limited. Atturra Limited | ABN 34 654 662 638 Level 2, 10 Bond Street, Sydney NSW 2000
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This investor presentation (Presentation) has been prepared by Atturra Limited (ACN 654 662 638) (Atturra or Company) and is dated 13 November 2024. This Presentation has been prepared in relation to a proposed capital raising comprising of a two-tranche placement (wi
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Financial Information All information in this Presentation is in Australian dollars ($) unless stated otherwise. A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accor
Slide 4: Important Notice and Disclaimer
Important Notice and Disclaimer Forward-looking statements and forecasts This Presentation may contain “forward-looking” statements including statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters, including statements regarding Atturra’s inten
Slide 5: Important Notice and Disclaimer: International Offer Restrictions
Important Notice and Disclaimer International Offer Restrictions This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares ma
Slide 6: Important Notice and Disclaimer: Representations
Important Notice and Disclaimer Representations If you are an investor from one of the jurisdictions listed below, and wish to participate in the Offer, you do so on the bas is of the relevant representations below: Hong Kong If you (or any person for whom you are acquiring the New Shares) are in Ho
Slide 7: Agenda
Agenda 01 Financial performance 02 Acquisitions 03 FY25 outlook 04 Details of the Equity Raising 05 Key risks and offer jurisdictions 7
Slide 8: Executive summary
Executive summary Atturra’s strong performance has continued into FY25, and the company is pleased to today announce an equity raise of up to $66.6m to fund inorganic growth opportunities and provide balance sheet flexibility Acquisitions Capital raise Post transaction Atturra’s mission since ▪ The
Slide 9: Financial Performance
Financial Performance
Slide 10: Atturra FY24 Financial Highlights
Atturra FY24 Financial Highlights Atturra Results Revenue growth of 36% on pcp $243.4m $25.5m Underlying EBITDA growth of 21% on pcp Revenue Underlying EBITDA* Strong Balance Sheet – well placed to $60.6m $16.3m acquire with cash balance of $60.6M Cash Underlying NPATA Underlying NPATA growth of 27%
Slide 11: Achievement of Key Objectives
Achievement of Key Objectives Objective Outcome Targeting 20%+ revenue growth and Atturra has consistently exceeded annual growth 10.5%+ underlying EBITDA per annum and profit targets since listing on the ASX in 2021 Selective overseas expansion where strong Atturra has offices outside ANZ in Singap
Slide 12: Acquisitions
Acquisitions atturra
Slide 13: Overview of potential acquisitions
Overview of potential acquisitions Atturra is today announcing three acquisitions in advanced discussions, each complementing different areas of the business, which, if executed, would contribute a combined $6.5-$7.5m of full year EBITDA Investment highlights BROADENS The acquisitions (if completed)
Slide 14: Financial Impacts
Financial Impacts FY25 IMPACT ON FINANCIALS FULL-YEAR IMPACT Acquisition costs Assuming the acquisitions close on 1 Subject to all three acquisitions January 2025, the impact on FY25 is proceeding, the impact on FY26 revenue c.$45m expected to be as follows: and EBITDA is expected to be as follows:
Slide 15: Acquisition 1: Key Traits and Strategic Rationale
Acquisition Key Traits • Largest of the 3 proposed acquisitions • Significant managed network services provider and private cloud provider • Strong New Zealand presence with rapidly growing Australian business Acquisition • Historic low turnover in key staff • NBIO Signed. Due diligence significantl
Slide 16: Acquisition 2: Key Traits and Strategic Rationale
Acquisition Key Traits • A leading provider of end-to-end supply chain technology, with a strong presence within manufacturing • Over 60 clients • Brings additional manufacturing and supply chain skills into Atturra Acquisition • NBIO signed, due diligence well-progressed and SPA expected to be exec
Slide 17: Acquisition 3: Key Traits and Strategic Rationale
Acquisition Key Traits • A strategically important provider in the ECM space • Strong alignment to Atturra's current technology stack, with additional SAP capabilities Acquisition Strategic Rationale Atturra is the current OpenText APAC Regional Partner of the year, Atturra currently does not curren
Slide 18: Near Term Pipeline (2H FY25)
Near Term Pipeline (2H FY25) Atturra is currently in preliminary discussions with one other strategic acquisition and two tactical acquisitions, as follows : • Managed Services Organisation - strategic • High level conversations have been ongoing for over 12 months and detailed conversations for mor
Slide 19: Long Term Pipeline (late FY25 or FY26)
Long Term Pipeline (late FY25 or FY26) Atturra is currently in early-stage discussions with several organisations, including price and integration strategy, however these are all early stage, anticipated close would be the period 1 June – 1 December 2025, covering: • SAP Services • ServiceNow Acquis
Slide 20: Outlook
Outlook atturra
Slide 21: Outlook
Outlook FY25 revenue Atturra is on track to achieve guidance of revenue exceeding $292m+ $22m-$30m $292m and uEBITDA $30m+. Subject to timing of acquisitions Excluding additional Potential incremental FY25 and finalisation, FY25 revenue may increase by $22-30m and M&A revenue from M&A* uEBITDA by $3
Slide 22: Details of the Equity Raising
Details of the Equity Raising
Slide 23: Sources & uses of funds
Sources & uses of funds SOURCES OF FUNDS A$m USES OF FUNDS A$m Placement $60.5m Potential acquisitions Up to $45.0m* Balance sheet flexibility $14.0m Transaction costs $1.5m Total $60.5m Total $60.5m Commentary • Atturra is in advanced discussions with three potential acquisition targets, and if all
Slide 24: Offer details
Offer details Offer size and structure Capital raising of up to $66.6 million via a non-underwritten two-tranche placement of ~$60.5 million and an SPP to raise up to a further ~$6.1 million: • Tranche 1: Approximately $26.5 million to be raised from institutional and sophisticated investors utilisi
Slide 25: Offer timetable
Offer timetable EVENT DATE Record date for SPP Tuesday, 12 November 2024 Trading halt and announcement of the Placement Wednesday, 13 November 2024 Placement bookbuild Wednesday, 13 November 2024 Announcement of the outcome of the Tranche 1 Placement (Institutional Placement) Thursday, 14 November 2
Slide 26: Appendix
Appendix atturra
Slide 27: Key Risks
Key Risks Risk Description Risk Description Exposure to There is a risk that Atturra will not complete the acquisitions contemplated by this Third party Atturra relies on the success of third-party software to deliver its service offerings. presentation, or may not complete those acquisitions on the
Slide 28: Key Risks
Key Risks Risk Description Risk Description Data security and associated procedures are of significant importance to the The Company does not have any registrable IP in relation to its software codes nor Exposure to Lack of retention of existing clients of the Company. There is a risk that the Compa
Slide 29: Key Risks
Key Risks Risk Description Risk Description An investment in securities involves tax considerations which differ for each The above risks should not be taken as a complete list of the risks associated with Taxation Other risks securityholder depending on their individual financial affairs. Changes i
Slide 30: Thank you
Thank you Atturra Limited | ABN 34 654 662 638 Level 2, 10 Bond Street, Sydney NSW 2000