Intelligent Monitoring Group Limited · ASX:IMB
Intelligent Monitoring — Shareholder Meeting (October 2024)
42 slides from Intelligent Monitoring's shareholder meeting presentation, Oct 29, 2024
Slide 1: Annual General Meeting October 2024
Sydney For personal use only Annual General Meeting October 2024 OUR BRANDS
Slide 2: The IMG Board of Directors
THE IMG BOARD OF DIRECTORS For personal use only DENNISON HAMBLING PETER KENNAN ROB HILTON Jason Elks Mark Brisson Managing Director Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Joined Jan 2020, Joined Jan 2020, Joined Dec 2022 Chairman Effective July 2
Slide 3: Formal Business
FORMAL BUSINESS 1 Financial Statements and Reports For personal use only 2 Resolution 1: Adoption of Remuneration Report 3 Resolution 2: Re-election of Director – Peter Kennan 4 Resolution 3: Re-election of Director – Mark Allen Brisson 5 Resolution 4: Approval of 7.1A Mandate 6 Resolution 5(A): Rat
Slide 4: Financial Statements & Reports
For personal use only To receive and consider the annual financial report of the Company for the financial year ended 30 June 2024 with the declaration of the Directors, the Directors’ report, the Remuneration Report and the FINANCIAL STATEMENTS Auditor’s report. & REPORTS 4 4
Slide 5: Resolution 1: Adoption of Remuneration Report
For personal use only To consider and, if thought fit, to pass the following resolution as a non-binding resolution: RESOLUTION 1 Adoption of Remuneration “That for the purposes of section 250R(2) of the Corporations Act and for all other purposes, Report approval is given for the adoption of the Re
Slide 6: Resolution 1 – Proxies Received
RESOLUTION 1 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 52,623,214 12,261,167 142,076,171 1,262 6
Slide 7: Resolution 2: Re-election of Director – Peter Kennan
For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: RESOLUTION 2 Re-election of Director – “That, for the purpose of clause 14.2 of the Constitution, Listing Rule 14.4 and for all other Peter Kennan purposes, Peter Kennan, a Director, re
Slide 8: Resolution 2 – Proxies Received
RESOLUTION 2 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 206,660,652 0 299,900 1,262 8
Slide 9: Resolution 3: Re-election of Director – Mark Allen Brisson
For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: RESOLUTION 3 Re-election of Director – “That, for the purpose of clause 14.4 of the Constitution, Listing Rule 14.4 and for all other Mark Allen Brisson purposes, Mark Allen Brisson, a
Slide 10: Resolution 3 – Proxies Received
RESOLUTION 3 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 206,660,652 0 299,900 1,262 10
Slide 11: Resolution 4: Approval of 7.1A Mandate
For personal use only To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to RESOLUTION 4 issue up to that number of Equity Securities equal to 10% of the
Slide 12: Resolution 4 – Proxies Received
RESOLUTION 4 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 202,484,196 4,179,856 299,900 1,262 12
Slide 13: Resolution 5(A): Ratification of prior share issue
For personal use only To consider and, if thought fit, to pass, with or without amendment, the following resolution as an RESOLUTION 5(A) ordinary resolution: Ratification and approval of prior issue of shares to certain “That, for the purposes of Listing Rule 7.4 and for all institutional investors
Slide 14: Resolution 5(A) – Proxies Received
RESOLUTION 5(A) – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 157,848,406 10,373 416,889 1,262 14
Slide 15: Resolution 5(B): Ratification of prior share issue
For personal use only To consider and, if thought fit, to pass, with or without amendment, the following resolution as an RESOLUTION 5(B) ordinary resolution: Ratification and approval of prior issue of shares to “That, for the purposes of Listing Rule 7.4 and for all certain institutional investors
Slide 16: Resolution 5(B) – Proxies Received
RESOLUTION 5(B) – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 157,848,406 10,373 416,889 1,262 16
Slide 17: Resolution 6: Approval of IMG Employee Incentive Plan
For personal use only To consider and, if thought fit, to pass the following as an ordinary resolution: RESOLUTION 6 “That, for the purposes of Listing Rule 7.2 (Exception 13) and for all other purposes, Approval of IMG Employee approval be given for the future issue of Incentive Plan Shares, Option
Slide 18: Resolution 6 – Proxies Received
RESOLUTION 6 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 194,395,941 12,264,711 299,900 1,262 18
Slide 19: Resolution 7: Performance Rights to Dennison Hambling
For personal use only To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: RESOLUTION 7 Approval of grant of Performance “That, for the purposes of Listing Rule 10.14 and for all other purposes, approval be given for the Rights to D
Slide 20: Resolution 7 – Proxies Received
RESOLUTION 7 – PROXIES RECEIVED For personal use only For Against Abstain Proxy’s Discretion 194,395,941 12,268,111 296,500 1,262 20
Slide 21: AGM Management Presentation
For personal use only AGM MANAGEMENT PRESENTATION
Slide 22: Disclaimer
DISCLAIMER This investor presentation has been prepared by Intelligent Monitoring Group Limited (ACN 060 774 227) (IMG or the Company). It contains general information about the Company and its subsidiaries (Group) and the Group’s business as at the date of this presentation. The information in this
Slide 23: About Intelligent Monitoring Group (IMG)
ABOUT INTELLIGENT MONITORING GROUP (IMG) We operate out of all major cities in Australasia - Adelaide, Brisbane, Customer base Melbourne, Sydney, Canberra, Perth, Launceston, Auckland, of over 210,000 Wellington, Hamilton, and Christchurch, with a presence in many For personal use only businesses, o
Slide 24: Group Vision & Values
GROUP VISION & VALUES We will become the leader in Professional Security and Security-related For personal use only services for Businesses, Homes, Families, and Individuals in Australasia. We will do this by providing the best professional service at the best value, with the latest technology avail
Slide 25: Company Timeline
COMPANY TIMELINE Current team have delivered a successful business turnaround and are now focused on growth and scaling up its new platform and services For personal use only 4 3 Scale 2 Move to growth ➢ Becoming the 1 Recovery & preeminent provider of electronic and rebase phase Business ➢ Acquisit
Slide 26: IMG Acquisitions
IMG ACQUISITIONS Geography – NSW/VIC Acquisition type – Full Business Business Type – Commercial Geography – NZ National ACG For personal use only Acquisition type – Customer base Business Type – Resi/SME May 24 Geography – ANZ National Acquisition type – Full Business Securely NZ May 24 Business Ty
Slide 27: Strong and Simple Group Structure
STRONG AND SIMPLE GROUP STRUCTURE For personal use only Australia Australia New Zealand Australia Residential / SME Residential / SME / Wholesale Residential / SME /Commercial / ADT Commercial / ADT Monitoring business Care Care Australia – 81% of Group New Zealand – EBITDA 19% of Group EBITDA 27
Slide 28: Update on ACG & AAG Since Acquisition
UPDATE ON ACG & AAG SINCE ACQUISITION ➢ACG & AAG acquired in July (as subsidiaries of ADT) For personal use only Since July: ➢Key AAG contract won and expanded to second state in Australia (from a WA focus priorly) ➢ACG key contract resigned for 3 years, with value uplift. Opportunity to assist a co
Slide 29: Update on Adeva (Signature Security)
UPDATE ON ADEVA (SIGNATURE SECURITY) ➢Purpose was to unlock the customer experience for IMG Residential customers and be the engine for Sybersense For personal use only rollout and virtual guarding and patrol services in Australia. Since June: ➢Total rebrand to Signature Security ➢Major restructurin
Slide 30: Group Strategy & Growth
For personal use only GROUP STRATEGY & GROWTH
Slide 31: Corporate Strategy
CORPORATE STRATEGY For personal use only IMPROVE GROWTH 3 TRAJECTORY 2 REDUCE DEBT IMG will implement three 1 DRIVE CASHFLOW key, capital light, growth IMG will focus cashflow strategies to revitalise (and utilise its tax losses*) ADT/IMG’s growth to drive Net Debt to <1.5x prospects. IMG will focus
Slide 32: Growth Areas: Commercial & Enterprise
GROWTH AREAS Commercial & Enterprise business security For personal use only Goal is to return to $130m+ revenue business, from ~$40m today. We are a technology business with a security focus. Current overview Industries we serve: Mining & Resources Banking & Finance Average monthly Customer Tenure:
Slide 33: Growth Areas: Residential Security
GROWTH AREAS Residential security For personal use only Lower the upfront cost of security via new security systems, and then improve monitoring value through use of video (grow market penetration from <5% currently) Current overview Reduced installation Since June 24, 20% of time from 6wks to We si
Slide 34: Growth Areas: ADT Care
GROWTH AREAS ADT Care For personal use only By using best-in-class monitoring and customer service, we can help keep ageing Australasians in their homes longer. Current overview Re-signing core partners MSD (NZ), Invested in a PASA (SA, AU) Enhanced customer dedicated ADT Care service and delivery,
Slide 35: Growth Areas: Wholesale Monitoring
GROWTH AREAS Wholesale - Monitoring For personal use only Support our wholesale customers with the latest monitoring services and support them as they increasingly look to retire and transition from the industry. Current overview Proud to be the exclusive Australasian Streamlined our In FY24, we par
Slide 36: Access to Key Products Established
ACCESS TO KEY PRODUCTS ESTABLISHED Since 2022 - IMG has introduced completely new products and service For personal use only platform A complete new back-end system (in Introduction of Access to the latest IMS), tied with access globally leading, easy Access Control to the best video to install resi
Slide 37: Re-inventing Guarding
RE-INVENTING GUARDING For personal use only 37
Slide 38: Guarding: See More, Worry Less
GUARDING SEE MORE, WORRY LESS: GUARDING YOUR PEACE OF MIND Physical Guarding – Reliant on Video Guarding – Reliant on technology For personal use only humans with technology as a Point of difference with humans as a back-up back-up Patrolling: Regularly 1) Continuous Monitoring with Real-Time Notifi
Slide 39: Guarding Simply Put
GUARDING SIMPLY PUT… Physical Guarding Video Guarding For personal use only VS Risk of incident being Real time incident missed and reporting and perpetrator getting perpetrator getting away caught 39
Slide 40: Summary: Company Transformed During 2024
SUMMARY: COMPANY TRANSFORMED DURING 2024 Largest security monitoring company in Australasia For personal use only Customers EBITDA Market Cap Net Debt ND:EBITDA 1H 2023 (Pre ADT) ~70,000 $5.3m Proforma $16.6m (SP = $28.9m (1–year left) >5.0x annualised $0.127cps) ~190,000 (+25,000 $34.8m FY24 (ADT F
Slide 41: Summary
SUMMARY 1. We have developed some key comparative advantages: • National coverage of our technical people (96 technicians in For personal use only Australia, 40 technicians in NZ). • Leading technology operating platform, increasingly focused on proactive video services. • Two of the few Brands that
Slide 42: Contact and Registered Office
Commercial Office: Unit 16 / 105A Vanessa St For personal use only Kingsgrove Sydney 2208 Phone: +61 1300 847 328 Intelligent Monitoring Group Limited ACN: 060 774 227 Registered Office: Suite 2, 1 Tully Road East Perth WA 6004 Authorised for release by the Board of Intelligent Monitoring Group Limi
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