Felix Group Holdings Ltd. · ASX:FLX
Felix — Investor Presentation (August 2023)
18 slides from Felix's investor presentation, Aug 7, 2023
Slide 1: Investor presentation
For personal use only Investor presentation 7 August 2023 Not for release to US wire services or distribution in the United States
Slide 2: Disclaimer
Disclaimer Important Notice & Disclaimer Financial data Disclaimer The following notice and disclaimer applies to this investor presentation ("Presentation" or "document") and All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Prospective investors should The informatio
Slide 3: Executive summary
Executive summary Pathway to cash flow breakeven accelerating as sales conversion improves and pipeline continue to build • Felix operates a cloud-based enterprise Software as a Service (SaaS) platform and marketplace that connects Contractors and third-party vendors in construction and For personal
Slide 4: Felix snapshot
Felix snapshot Leading enterprise platform for capital asset sectors to Established procurement management platform connecting Contractors manage their high-risk and diverse supply chains and Vendors, digitising and automating complex supply chains For personal use only Trusted by Tier 1 Contractors
Slide 5: Felix update
Felix update Accelerating sales momentum and international pipeline provides shorter path to cashflow break even • 11 new Contractors signed in FY23, including Tier 1 customers NRW Holdings (ASX: NWH), Pilbara Minerals (ASX: PLS) and Laing For personal use only O‘Rourke Australia all with further AR
Slide 6: Value catalysts
Value catalysts Accelerate Tier 1 Contractor growth For personal use only Strong momentum with large Tier 1 contracts wins in Q4 FY23 and early July CY23. Significant pipeline growth of domestic and international prospects with Felix named as preferred bidder for 2 large global Contractors, in addit
Slide 7: Highly strategic leading Contractors
Highly strategic leading Contractors 11 new customers signed and 20 expansion deals in FY23 with further revenue upside from expanded usage, module uptake and penetration of divisions For personal use only 7
Slide 8: Penetration of adjacent sectors
Penetration of adjacent sectors Strong track-record in existing high value sectors, supported by industry tailwinds, fueling growth opportunity For personal use only Continued focus on and traction Cornerstone customer wins and early traction in adjacent sectors highlight broad across initial target
Slide 9: Growing sales momentum
Growing sales momentum Strong Contractor ARR growth in FY23 and accelerating momentum in FY24 provides strong foundation for growth Contracted Contractor ARR ($m) For personal use only 56% 44% $4.4m $4.0m $3.6m $3.2m $2.9m $2.8m $2.7m $2.4m $2.3m 1 Q1 F Y 2 2 Q2 FY 2 2 Q3 FY 2 2 Q4 FY 2 2 Q1 FY 2 3
Slide 10: Pipeline opportunity
Pipeline opportunity Strong and growing pipeline of domestic and international customers with material increase in potential contract value o 19 large global Contractor opportunities across deep addressable markets – JAPAC, Customers & pipeline (#) For personal use only EMEA and North America Intern
Slide 11: Operating leverage
Operating leverage Cost base provides platform to scale and convert pipeline leading to inflexion point in Felix‘s financial profile o Strong and growing international pipeline and proven traction with Tier Illustrative EBITDA margin and Group ARR scenarios1 For personal use only 1 Contractors expec
Slide 12: Capital raising details
Capital raising details • Two Tranche Placement to sophisticated and professional investors to raise gross proceeds of approximately $3.0 million of new ordinary shares (“Securities”) utilising the Company's existing placement capacity pursuant to ASX Listing Rule 7.1 (“Placement”). For personal use
Slide 13: Indicative Offer Timetable
Indicative Offer Timetable SUMMARY OF KEY DATES DATE For personal use only Trading halt announcement and Placement bookbuild 9am Thursday, 3 August 2023 SPP Record Date Friday, 4 August 2023 FLX announces results of Placement, SPP offer and re-commences trading on ASX Monday, 7 August 2023 Despatch
Slide 14: Corporate Overview
Corporate Overview Share price performance (last 6 months) Substantial shareholders For personal use only David Williams 14.4% $0.180 Thorney Investment Group 9.1% Salter Brothers Emerging Companies 9.0% George Rolleston (NED) 6.9% $0.160 Mike Davis (Co-Founder and CEO) and Michael Trusler (Co-Found
Slide 15: Board and Management
Board and Management - 30 years’ experience in - Co-Founder of Felix - Global Construction Tech leader with Government including former - Over 15 years’ experience in over 20 years’ experience Chief Executive of Roads & Traffic running technology companies, - Co-founded global leading Authority in N
Slide 16: Key risks
Key risks Short operating history and history of operating losses Reliance on third party IT service provider - AWS Additionally, any failure, unscheduled down-time or cyber-attack of the software, Given Felix was formed in August 2012 and launched its initial Marketplace platform in AWS, a division
Slide 17: Key risks (cont'd)
Key risks (cont‘d) Group's protection of its intellectual property rights Businesses that operate across multiple jurisdictions face additional complexities due to Access to equity and debt funding The Group's current methods to protect its intellectual rights may not prevent the specific business r
Slide 18: International offer restrictions
International offer restrictions 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 m
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