Electro Optic Systems Holdings Limited · ASX:EOS
Electro Optic Systems — Investor Presentation (July 2023)
23 slides from Electro Optic Systems's investor presentation, Jul 31, 2023
Slide 1: Investor Presentation
Investor Presentation Canberra, 31 July 2023 Electro Optic Systems Holdings Limited (EOS or Company) (ASX: EOS) provides the attached Investor Presentation to be delivered to investors on Monday, 31 July 2023. For personal use only Authorised for release by the Board of Electro Optic Systems Holding
Slide 2: Introducing EOS
For personal use only Electro Optic Systems Holdings Limited Introducing EOS July / August 2023
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY This presentation has been prepared as at 31 July 2023 Forward-looking Statements For personal use only This presentation may contain statements that are, or may be deemed to be, forward-looking statements. Such st
Slide 4: Important Notice and Disclaimer
Important Notice and Disclaimer Preparation of Financial Information All financial information has been prepared in accordance with Australian Accounting Standards. Certain financial data included in this presentation is ‘non IFRS financial information’. The Company believes that this non IFRS finan
Slide 5: Contents
Contents EOS is a Defence Technology business, developing and selling leading-edge technology. 1. Introduction For personal use only 2. Product Growth Opportunities • Anti-Drone Systems (CUAS) • Unmanned Ground Vehicles • High Energy Laser Weapon • Space Warfare • SatCom EM Solutions 3. Financial Su
Slide 6: EOS Introduction – Who we are
EOS Introduction – Who we are EOS has 40 years' experience in Space and Defence. • Founded in 1983 from privatisation of Australian Government For personal use only Space activity • US activity for 25 years – new manufacturing facility in Huntsville, AL • Listed on Australian Securities Exchange sin
Slide 7: EOS Introduction – markets we serve
EOS Introduction – markets we serve EOS has a strong position in three growing markets, with advanced technology. Defence Satellite Communications Space Systems Remote Weapons and CUAS For personal use only • Remote Weapon Systems (RWS) leader for over 30 • Leading naval satcom terminal manufacturer
Slide 8: Leadership Team
Leadership Team The leadership team are focused on monetising advanced technology. For personal use only Andreas Schwer, CEO • Over 30 years in global Defence, Manufacturing and Space industries Commenced • Aeronautical engineer, PhD August 2022 • German citizen • Airbus 14 years, Rheinmetall Intern
Slide 9: Remote Weapon Systems Product Range
Remote Weapon Systems Product Range EOS is developing a wider range of RWS products to meet evolving needs. Ultralight RWS Light RWS Medium RWS Heavy RWS Light Turret Turret Multi-Mission Sensor Unit For personal use only R150 R400 R600 R800 T1600 T2000 Sensors MRLS Range of Platforms and Applicatio
Slide 10: Anti-Drone CUAS System
Anti-Drone CUAS System The Ukraine conflict has realised the drone threat and created CUAS demand. For personal use only Context • Reported >10,000 Ukraine drone launches / month • Limited defence options: • technical requirements • economic sustainability Market Demand • Global interest in counterm
Slide 11: Unmanned Ground Vehicle System
Unmanned Ground Vehicle System Western forces have started to test/deploy Unmanned Ground Vehicles in different theatres. For personal use only Product • Lightweight System • Operated Remotely Weapons • 7.62 mm and 12.5 mm machine gun • 30 mm cannon • APKWS laser guided launcher • Laser weapon (futu
Slide 12: High Energy Laser Weapon
High Energy Laser Weapon There is widespread international government interest in weapon development. Context For personal use only • US laser weapon development – 50-100+kW power level • Proprietary / regulated / controlled weapon development Evolving Application Suite • Counter-UAS/ Counter Drone
Slide 13: High Energy Laser Weapon
High Energy Laser Weapon EOS has developed a 36-54kW laser weapon and is demonstrating it during August 2023. For personal use only EOS Prototype • Currently available 36-54kW class (36kW in trial operation) • Two test ranges – indoor and outdoor • Class 1 and 2 drone capability and demonstration •
Slide 14: Space & Space Warfare
Space & Space Warfare Space Warfare is a rapidly evolving military need - EOS has key capabilities in house. Market Evolution For personal use only • Space Warfare is a significant growth market – growing need for capability to disrupt enemy space operations • National governments are seeking help t
Slide 15: EM Solutions
EM Solutions EM Solutions is a market leader that is achieving strong growth in Australia and Europe. Context For personal use only • Marine Naval SatCom • Growing demand for naval bandwidth EM Solutions Business • Multiband frequency • Multiband Satcom (X, Ku, Ka Band Com, Ka Band Mil) • Ship to Sh
Slide 16: Summary of Growth - Four Pillars
Summary of Growth - Four Pillars EOS is product-led with growth focused in four key areas. Space For personal use only RWS and Turrets High Energy Laser Weapon EM Solutions R400 Family Titanis CUAS Commercial Space Intelligence Naval Terminals Grow in 2023 - 24 World Market Leader Market Leader Worl
Slide 17: Financials
Financials EOS has a history of rapid growth from product innovation. For personal use only History of Growth Revenue A$m • 2016-2022 growth from innovation / commercialization 250 (Audited) • Target gross margin on materials >40% met in core defence business 212 200 180 2023 Financial Objectives 16
Slide 18: Progress Update - Q1 & Q2 2023 (Unaudited)
Progress Update - Q1 & Q2 2023 (Unaudited) EOS has launched new products, signed sales contracts and improved cashflow. 1. Middle East Contract Amendment Agreed, Signed and Collected For personal use only • Significant contract asset to be realised ~A$164m at Dec 2022, reduced to A$109m by June 23 •
Slide 19: Conclusion
Conclusion EOS believes it has leading edge products. We are driving commercialisation. For personal use only Summary • Strong market demand driven by • Ukraine conflict • Geopolitical tensions • Leading edge technology • Extensive product / commercialisation opportunities • Order book growing • Fut
Slide 20: Appendices
For personal use only Appendices 19
Slide 21: Glossary
Glossary Term Description Term Description For personal use only ADF Australian Defence Force IFV Infantry Fighting Vehicle APKWS Advanced Precision Kill Weapon System IP Intellectual Property ATGM Anti-Tank Guided Missile KSA Kingdom of Saudi Arabia AL Alabama MRLS Multiple Rocket Launch System APA
Slide 22: Debt Summary
Debt Summary Key steps have been taken to improve cashflow, and more are underway. Repaymen A$m Principal Term Maturity Total Rate For personal use only t Working Capital Facility 20.0 12m 6 Sep 23 19% 26.9 Working Capital Facility 15.0 18m 11 Apr 24 19% 20.5 Term Loan facility 35.0 36m 11 Oct 25 26
Slide 23: For personal use only
For personal use only 22
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