Etherstack Plc · ASX:ESK
Etherstack — Shareholder Meeting (June 2024)
18 slides from Etherstack's shareholder meeting presentation, Jun 27, 2024
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Etherstack plc (ASX:ESK) 27 June 2024 Authorised for release by David Deacon, CEO and David Carter, CFO
Slide 2: Resolutions for 2024 Annual General Meeting
Resolutions for 2024 Annual General Meeting For personal use only Resolution 1. Resolution 3. Resolution 6. To receive and Authority to allot Approval of 7.1A adopt the accounts shares Mandate of the Company for the year ended 31 Resolution 4. Dec 2023 To re-elect Peter Resolution 2. Stephens as a D
Slide 3: CEO Presentation
For personal use only CEO Presentation Annual General Meeting Etherstack plc (ASX:ESK) 27 June 2024
Slide 4: Disclaimer
Disclaimer This presentation has been prepared by Etherstack plc (ARBN 156 640 532) (“Etherstack” or “the Company”). The information in this presentation is for information purposes only and is not investment, financial product, legal or tax advice. For personal use only This presentation contains s
Slide 5: 2023 Financial & Business highlights
For personal use only 2023 Financial & Business highlights
Slide 6: Etherstack
Etherstack Etherstack is a wireless technology provider that supplies our own mission critical wireless networks to the public safety, utilities and resource sector. The company also licenses key technology to over 20 other wireless equipment manufacturers globally For personal use only Snapshot 3 C
Slide 7: 2023 Financial summary (USD$)
2023 Financial summary (USD$) For personal use only $9.419m $2.673m $522k Revenue for 2023 EBITDA for 2023 Net profit after tax (FY 2022 $9.681m) (FY 2022 $3.291m) (FY 2022 $2.2m) Strategic $2.743m Recurring revenue growth Business $762k FY23 operating cash Samsung, Codan Sustained investment in IP
Slide 8: Business highlights
Business highlights For personal use only 5G Carrier Strategic Business UK and Australian Strategic strengths InterWorking Projects government deals • Significant progress • US$2.3m multiyear deal • New network • Strong global interest in on large Samsung with Codan North upgrades for Etherstack’s e
Slide 9: 2024 Significant Activities
2024 Significant Activities Samsung AT&T FirstNet Project For personal use only ▪ Deployed into data centres in past 6 months ▪ Initial “live customer” calls as part Beta/introduction process ▪ Triggered significant support payments (US$550K+) Telstra 5G Public Safety Experience Centre ▪ Mirrors the
Slide 10: 2024 Significant Activities: Samsung Partnership
2024 Significant Activities Samsung Partnership For personal use only ▪ Strong business development activities in multiple markets 10
Slide 11: 2024 Significant Activities: NATO Waveform and Pilbara
2024 Significant Activities NATO Narrowband Waveform For personal use only ▪ Substantial practical completion and demonstration ▪ Allows engagement with target international defence customers New mine win (7th) in the Pilbara ▪ Continued expansion of long term business with one of the world’s larges
Slide 12: Etherstack Revenues
Etherstack Revenues Revenue (USD '000) For personal use only Key factors in revenue result for 2023 9,681 9,419 • Step change in revenue 2021 has been maintained 8,504 • H1 revenue slippage was recovered in H2 • FY 2023 is largely comparable to FY 2022: guidance • Strong project revenues $7,486 (1%
Slide 13: Recurring revenue remains a core focus for Etherstack
Recurring revenue remains a core focus for Etherstack Key factors in Recurring Support For personal use only Support revenues 2020 to 2023 and forecast 2024 to Revenues 2025 (USD '000) • 4% decrease on FY2022 to $1,800 but expected to increase in 2024 and 2025 2,500 • Increase to be driven by: • New
Slide 14: Income Statement
Income Statement US$'000 2023 2022 restated Key comments For personal use only Revenue from Contract with Customers 9,419 9,681 • Revenue of US$9.419 m in line Recurring support and Royalty revenue 1,933 2,268 with 2022 revenues Project and Product Revenues 7,486 7,413 • Strong EBITDA margin of 28%
Slide 15: Balance Sheet & Cash Flow Statement
Balance Sheet & Cash Flow Statement Balance Sheet Cash Flow Statement 31-Dec-22 US$’000 31-Dec-23 US$’000 2023 2022 restated For personal use only Cash and cash equivalents 2,061 1,918 Net cash generated from operating activities 762 2,165 Trade and other receivables 4,606 3,417 Net cash flow (used
Slide 16: Strong outlook driven by focus on key strategic initiatives
Strong outlook driven by focus on key strategic initiatives For personal use only Expansion of Commencement existing Australian License and supply of upgrades to & International of defence virtualised public safety communications switching solutions networks solution to other across installed nation
Slide 17: Questions
For personal use only Questions
Slide 18: For personal use only
London New York 64 Rose Street, +44 207 734 0200 +1 917 661 4110 Chippendale NSW 2008 Info-eu@etherstack.com Info-na@etherstack.com Phone +61 2 8399 7500 For personal use only Sydney Yokohama David Deacon, CEO +61 2 8399 7500 +81 45 342 9050 david.deacon@etherstack.com Info-au@etherstack.com Info-jp