Catapult Sports Ltd. · ASX:CAT
Catapult Sports — Catapult Group International — Shareholder Meeting (November 2016)
33 slides from Catapult Sports's shareholder meeting presentation, Nov 30, 2016
Slide 1: The Most Used Secret in Sport – AGM Presentation
THE MOST USED SECRET IN SPORT For personal use only AGM presentation Dr Adir Shiffman (Executive Chairman) Catapult Group International Limited ACN 164 301 197 Shaun Holthouse (CEO) 30 November 2016
Slide 2: Agenda
Agenda For personal use only 1) Formal business 2) Chairman’s address 3) CEO’s address 4) Q&A Page | 2
Slide 3: Formal Business
Section 1 For personal use only FORMAL BUSINESS Dr Adir Shiffman
Slide 4: Financial Statement and Reports
Financial Statement and Reports For personal use only Note: This item of ordinary business is for discussion only and is not a resolution “To receive and to consider the Annual Financial Report of the Company for the financial year ended 30 June 2016 together with the declaration of the Directors, t
Slide 5: Adoption of Remuneration Report
Resolution 1 For personal use only Adoption of Remuneration Report To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is give
Slide 6: Re-Election of Dr Adir Shiffman as Director
Resolution 2 For personal use only Re-Election of Dr Adir Shiffman as Director To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That Dr Adir Shiffman, a Director who retires by rotation in accordance with the Company’s Consti
Slide 7: Re-Election of Mr Kar Wing (Calvin) Ng as Director
Resolution 3 For personal use only Re-Election of Mr Kar Wing (Calvin) Ng as Director To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That Mr Kar Wing (Calvin) Ng, a Director who retires by rotation in accordance with the Co
Slide 8: Election of Mr James Orlando as Director
Resolution 4 For personal use only Election of Mr James Orlando as Director To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That Mr James Orlando, a Director appointed to fill a casual vacancy and holding office until the ne
Slide 9: Ratification of prior issue of shares
Resolution 5 For personal use only Ratification of prior issue of shares To consider and, if thought fit, to pass with or without amendment, the following resolution as a ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the al
Slide 10: Issue of performance rights to Mr Kar Wing (Calvin) Ng
Resolution 6 For personal use only Issue of performance rights to Mr Kar Wing (Calvin) Ng To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for
Slide 11: Issue of directors options to Dr Adir Shiffman
Resolution 7 For personal use only Issue of directors options to Dr Adir Shiffman To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for all oth
Slide 12: Issue of directors options to Mr Shaun Holthouse
Resolution 8 For personal use only Issue of directors options to Mr Shaun Holthouse To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for all o
Slide 13: Issue of directors options to Mr Igor Van De Griendt
Resolution 9 For personal use only Issue of directors options to Mr Igor Van De Griendt To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for a
Slide 14: Issue of directors options to Mr Kar Wing (Calvin) Ng
Resolution 10 For personal use only Issue of directors options to Mr Kar Wing (Calvin) Ng To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for
Slide 15: Issue of directors options to Mr Brent Scrimshaw
Resolution 11 For personal use only Issue of directors options to Mr Brent Scrimshaw To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “For the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 10.11 and for all
Slide 16: Other business
Other business For personal use only Opportunity for any other business that can lawfully be brought forward before closing formal proceedings Page | 16
Slide 17: Chairman's Address
Section 2 For personal use only CHAIRMAN’S ADDRESS Dr Adir Shiffman
Slide 18: CEO's Address
THE MOST USED SECRET IN SPORT Section 3 For personal use only CEO’S ADDRESS Shaun Holthouse
Slide 19: Key Statistics
Catapult Group International Limited For personal use only CAT.ASX Key Statistics $4.50 ASX Code CAT.ASX Share price (29/11/16) $3.40 $4.00 Market cap (29/11/16) $538m Listing price (19/12/14) $0.55 $3.50 Shareholder return +518% $3.00 $2.50 $2.00 $1.50 Page | 19
Slide 20: Outperformed 2016 forecast
Outperformed 2016 forecast For personal use only Units ordered TCV 9,000 $30m 74% 8,000 63% 104% of 120% of $25m 7,000 Management’s Management’s 6,000 upgraded FY16 $20m upgraded FY16 5,000 forecast (117% of forecast top-end guidance $15m SIGNIFICANTLY higher range provided at 4,000 proportion of sa
Slide 21: Quality growth across every region
Quality growth across every region For personal use only Strong gross margins 84% of revenue from offshore regions $20m 86% $20m $15m 85% $18m $10m 84% 0.5 $16m $5m 83% 2.3 $m 82% $14m -$5m 81% FY14 FY15 FY16 $12m 5.4 Revenue Cost of Materials GM% 0.3 $10m 1.6 Operating cash moving towards positive
Slide 22: Six league wide deals in months
Six league wide deals in 12 months For personal use only 964 units 450 units 275 units Wallabies All Aust Super Rugby teams 18/18 clubs plus Academy and under 20’s Womens US national team development program Men and Womens Sevens 10 league teams Data commercialisation Data commercialisation Youth te
Slide 23: Winners use Catapult
Winners use Catapult For personal use only Page | 23
Slide 24: Summary key results
Summary key results Underlying results FY16 FY15 Chg. For personal use only Total Income $18.7m $11.8m 59% EBITDA1 ($4.4m) ($2.5m) 72% NPAT1 ($3.5m) ($2.2m) 59% Statutory results Total Income $18.7m $11.8m 59% EBITDA ($6.8m) ($4.6m) 46% NPAT ($5.9m) ($4.3m) 36% Key operating results Units ordered 8,
Slide 25: Continuing elite wearables sales momentum
Continuing elite wearables sales momentum For personal use only Increasing traction in sales has been outstanding despite relatively new sales team Units Ordered per Quarter 3,000 = all-time quarterly sales record FY15 FY16 2,500 Total contract value (TCV) $16.9m $29.4m = % subscription units ordere
Slide 26: We now have a True Global footprint
We now have a True Global footprint For personal use only ◻ 84% of FY16 revenue was export1 ◻ FY16 strong growth in every region ◻ Significant recent With a combined total of additions to already strong exec team: 220 STAFF - Steve Power, CCO - Benoit Simeray, CEO 14 IN Consumer COUNTRIES - Shane Gr
Slide 27: Performance technology for elite sport is more than wearables
Performance technology for elite sport is more than wearables For personal use only Used across the club: -Fitness ANALYTICS to: -Rehabilitation -Tactics 3rd party Data 1.Reduce injury -List management 2 Improve performance -Player education -Skills development -Scouting Typically –1000 data points
Slide 28: Elite Performance Technology Stack
Elite Performance Technology Stack For personal use only More than 1,250 teams worldwide Wearable Analytics + Video Analytics + Peripheral Applications THUNDERCLOUD THUNDERRADAR SCOUT + ☐ Extremely dominant with ☐ 2nd landmark acquisition (2016) ☐ Document leading market share globally ☐ #1 market s
Slide 29: XOS acquisition financial impact
XOS acquisition financial impact For personal use only On 13 July 2016, Catapult Pro-forma impact of XOS Acquisition announced the acquisition of XOS $60m Technologies Inc (XOS) $50m – US$60m (A$80.1m) acquisition price $40m – Funded via $100m equity raising launched on 13 July 2016 $30m Key acq
Slide 30: Strategy update
Strategy update For personal use only Own performance Commercialise Leverage elite technology for elite data dominance 1 elite sport 2 3 into B2C ◻ Drives current P&L ◻ Unique and predictive ◻ Early sales into US market validated ◻ Strong wearable data from wearable analytics sales with platform: de
Slide 31: We think prosumer will be huge
We think prosumer will be huge For personal use only Why we think we will be successful: ☐ Prosumer est. 10-20X market size Technology ☐ Consumer business is marketing driven ☐ The halo effect from our elite customers is the Prosumer most powerful marketing platform you could have Serious performanc
Slide 32: FY17 Outlook – 21-30% top-line growth
FY17 Outlook – 21-30% top-line growth For personal use only We remain heavily focused on growth We expect FY17 group revenue of $61M-65.5M (excludes c.$3.7m revenue generated by XOS and Playertek pre-acquisition close in FY17) – Implies a 21-30% increase on pro-forma revenue over the period – Unde
Slide 33: Disclaimer
Disclaimer This presentation has been prepared by Catapult Group International Limited ACN 164 301 197 (‘Catapult’). Each recipient of this For personal use only presentation is deemed to have agreed to accept the qualifications, limitations and disclaimers set out below. None of Catapult and or
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