Slide 1: FY23 Full Year Results Presentation
For personal use only FY23 Full Year Results Presentation 23 August 2023 COMMS GROUP LIMITED (ASX: CCG) www.commsgroup.limited This d ocum e nt ha s b e e n a p p rove d b y the Boa rd of CCOMMS om1 m sGROUP G roup | 1 Ltd
Slide 2: Agenda
Agenda For personal use only Introduction to Comms Group 3 Financial Highlights FY23 8 Business Highlights FY23 14 Strategy & Outlook 16 COMMS GROUP | 2
Slide 3: Introduction to Comms Group
For personal use only Introduction to Comms Group COMMS GROUP | 3
Slide 4: Business Background
Business Background For personal use only Comms Group Limited is a “cloud” based communications and managed IT services provider to businesses. Established in 2008 and listed on the Australian Stock Exchange (ASX:CCG) in 2017. The Company is headquartered in Sydney Australia. We provide services to
Slide 5: Comms Group at-a-glance
Comms Group at-a-glance A leading B2B provider of cloud-based communications and managed IT services to businesses For personal use only We service our customers via three key divisions Global Telco service provider Specialist UCaaS and Award-winning IT to Australian SME CPaaS provider to Managed Se
Slide 6: Products and services
Products and services A full telco & ICT product suite and leading position as a global unified communications provider For personal use only Global Global Voice services Data services Managed IT services Unified Comms Wholesale/Global Solutions (UCaaS) • Replace legacy ISDN/ • High speed fibre-opti
Slide 7: Comms Group Global - Network
Comms Group Global - Network For personal use only Comms Group is a leader in Microsoft Teams calling for global businesses. Extensive international network with in-depth Asia Pacific coverage and carrier relationships. Upgraded & expanded capacity of core Global voice network with 6 Super POP locat
Slide 8: Financial Highlights FY23
For personal use only Financial Highlights FY23 COMMS GROUP | 8
Slide 9: FY23 Key Results Summary
FY23 Key Results Summary For personal use only Continued revenue & EBITDA growth in FY23 with good underlying growth trends in all business units FY23 FY23 FY23 FY24 revenue FY24 underlying Revenue Underlying EBITDA1 Gross Profit target EBITDA target Up 27% Up 17% Up 27% $53m $6.5m to $51.9m to $4.8
Slide 10: Financial Performance FY23
Financial Performance FY23 For personal use only $M FY22 FY23 • Increase in operating revenues includes a full year's operations of prior year acquisitions including Switched On (Sep 21) and onPlatinum (Feb 22). Operating Revenue 41.0 51.9 • Annualised monthly operating revenues continue Cost of Sal
Slide 11: Financial Performance Over Time
Financial Performance Over Time For personal use only Operating Revenue Gross Profit 51.9 24.2 25 50 41.0 63% 19.1 40 20 25.9 12.0 30 15 25.1 23.7 11.4 11.1 $m $m 19.1 10 9.0 20 16.1 6.9 9.4 4.4 12.2 26.0 5 10 17.3 8.0 9.7 9.0 4.6 4.5 0 0 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 1st Half 2nd Half 1st
Slide 12: Cash Flow
Cash Flow For personal use only $M FY22 FY23 Underlying operating cashflows 3.4 4.6 Less: Payment of interest, tax, business acquisition, restructuring and integration (1.4) (2.8) expenses Net cash from operations 2.0 1.8 Plus: net proceeds from bank borrowings 8.1 0.5 Less: rent (lease) payments (0
Slide 13: Balance Sheet
Balance Sheet For personal use only Balance sheet Cash at bank Final payments CBA term loan drawn to Carried forward continues to $1.9m at 30 June for acquisitions $8.7m at 30 June 2023. tax losses strengthen, net 2023. of Switched On Covenant testing indicates of $1.3m with assets increasing Undraw
Slide 14: Business Highlights FY23
For personal use only Business Highlights FY23 COMMS GROUP | 14
Slide 15: Business Highlights FY23
Business Highlights FY23 • FY23 finished with strong new sales in the fourth quarter, mirroring the strong sales in the first three quarters. Strong New o Total of $4.5m ARR1 of new sales contracts closed in 1H23 For personal use only Sales Level Continues o Total of $5.1m ARR of new sales contracts
Slide 16: Strategy & Outlook
For personal use only Strategy & Outlook COMMS GROUP | 16
Slide 17: Strategic Review Update
Strategic Review Update For personal use only The Board is of the view that the current market valuation does not reflect the strong profitability and market position of the SME Telco & ICT businesses or the inherent value and market position of the Global business. As announced on 21 June 2023, a s
Slide 18: Outlook
Outlook For personal use only FY24 revenue We expect FY24 Underlying Strategic Review target growth across EBITDA target Underway which all 3 business may change the $53m units $6.5m composition of the in the Group Group. to $55m in FY24 to $7m COMMS GROUP | 18
Slide 19: Contact Us
For personal use only Contact Us Website: www.commsgroup.limited Email: www.commsgroup.limited/feedback COMMS GROUP | 19
Slide 20: Glossary
Glossary Term Definition For personal use only Cloud Communications The provision of key communications services from cloud servers based in data centres and over high speed internet connections. Cloud PBX, Cloud Phone, A cloud PBX functions the same as an in office PABX but is hosted in a cloud ser
Slide 21: Disclaimer
Disclaimer For personal use only The material in this presentation is a summary of Comms Group Ltd’s (CCG) Due care and consideration should be undertaken when considering and analysing activities and results, and is current at the date of preparation, 23 August 2023. CCG’s financial performance. Al
Slide 22: For personal use only
For personal use only COMMS GROUP LIMITED (ASX: CCG) This document has been approved by the Board of Directors