Intelligent Monitoring Group Limited · ASX:IMB
Intelligent Monitoring — Coffee Microcaps (November 2023)
18 slides from Intelligent Monitoring's conference presentation, Nov 23, 2023
Slide 1: Coffee Microcaps November 2023
Sydney For personal use only Coffee Microcaps November 2023 August 2021 ASX:IMB
Slide 2: 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 proposed acquisitio
Slide 3: Today's Speaker and Agenda
TODAY’S SPEAKER AGENDA 1 Who is IMG? For personal use only 2 Board and Executives 3 IMG Timeline 4 Corporate & Operating strategy 5 IMG Progress post ADT Acquisition DENNISON HAMBLING 6 Summary Managing Director Intelligent Monitoring Group (ASX:IMB) All Australian Security Solution. 3
Slide 4: What is IMG?
WHAT IS IMG? Consolidated business is largest player in security monitoring services in Australasia For personal use only >180,000 >$6.5m >64% One of Australia’s largest security Combined recurring Revenue is subscription based with diversified “sticky” monitoring providers focused on both monthly r
Slide 5: Experienced Board and Executive Team
EXPERIENCED BOARD AND EXECUTIVE TEAM For personal use only DENNISON HAMBLING PETER KENNAN ROB HILTON Jason Elks Managing Director Non-Executive Chairman Non-Executive Director Non-Executive Director Joined Jan 2020, Joined 2022 Joined Dec 2022 Joined Jan 2020, Chairman Effective July 2021 Executive
Slide 6: IMG Timeline
IMG TIMELINE Wholesale turnaround of IMG’s performance (Jan 2020-August 2023) Jun’ 2019 Mar’ 2020 Dec’ 2020 Aug’ 2021 Jul’ 2022 For personal use only Negative Cost-Cutting Improved Improved Growth Earnings and lack Committee Performance Performance Acquisitions of integration Board appointed a Acqui
Slide 7: IMG Businesses
IMG BUSINESSES Wholesale Guarding/Training For personal use only Direct Product 7
Slide 8: Focused Corporate Strategy
FOCUSED CORPORATE STRATEGY IMPROVE GROWTH For personal use only 3 TRAJECTORY 2 REDUCE DEBT IMG will implement two 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 from 2.2x prospects. IMG wil
Slide 9: Clear Operating Strategy
CLEAR OPERATING STRATEGY SHIFT OF EMPHASIS FOR RE-COMMENCEMENT OF FOCUS ON COST BASE AND RESIDENTIAL COMMERCIAL SIMPLIFICATION OF For personal use only INSTALLATIONS INSTALLATIONS BUSINESS • Currently, the ADT business • In late 2020, ADT exited • Immediate cost synergies largely resells wired secur
Slide 10: Operating Strategy #1 – Residential: Do It Yourself
OPERATING STRATEGY #1 – RESIDENTIAL: DO IT YOURSELF Professionally Monitored Security Penetration of Homes and Businesses (North America versus Australasia) ➢ Australian penetration of monitored For personal use only alarms has essentially grown at the rate of physical housing formation ➢ The US exp
Slide 11: ADT Secure Home Essential DIY Solution
ADT SECURE HOME ESSENTIAL DIY SOLUTION For personal use only • ADT Secure Home Essential DIY Solution was launched on the 9th of October 2023 • Solution is available to the Residential Market in Australia DIY Package Composition Climax Panel x 1 • The DIY solution is the only alarm package that Moti
Slide 12: Operating Strategy #2 – Commercial: Bring ADT Back
OPERATING STRATEGY #2 – COMMERCIAL: BRING ADT BACK • IMG has rebooted the commercial installation and service business of ADT which is expected to For personal use only contribute significantly to monitoring and group revenue from FY24 onwards. • ADT currently has c. 4,000 large commercial customers
Slide 13: Operating Strategy #3: Simplification
OPERATING STRATEGY #3 : SIMPLIFICATION For personal use only OVERHEADS MONITORING SUPPLIER LOGISTICS AND SALES CENTERS AND CONSOLIDATION OPERATORS ▪ Monitoring centres will be ▪ Unwinding standard benchmarked across the ▪ IMG will work to harmonise corporate costs with JCI. its telco and ▪ With a ch
Slide 14: Investment Thesis
INVESTMENT THESIS: Industry leader with strong balance sheet and focused deleveraging strategy For personal use only Drive equity value and Deleverage Strong cashflow multiple balance sheet (+17.9m* in expansion (2.2x to <1.5x in FY24) (Target 10x 18 months) multiple business) * Expected free cashfl
Slide 15: Significant Progress in the First Three Months of ADT
SIGNIFICANT PROGRESS IN THE FIRST THREE MONTHS OF ADT IMG is executing in a focused fashion For personal use only Remedied First three months Acquired ~3,000 subsidized economic trading with ADT at Securely lines (NZ) model, launched DIY or ahead of budget monitoring system 15
Slide 16: Summary: Company Transformed During 2023
SUMMARY: COMPANY TRANSFORMED DURING 2023 Largest security monitoring company in Australasia For personal use only Customers EBITDA Market Cap Net Debt ND:EBITDA EV:EBITDA Nov 2022 ~70,000 $5.9m Proforma $9.9m (SP = $23.5m (1–year >4.0x 5.7x $0.07cps) left) ~180,000 Target $29.8m (+25,000 fire FY23 (
Slide 17: Contact us
For personal use only Contact us: Rod North Bourse Communications Pty Ltd Investor Relations Service Mobile: 0408 670 706 Email: rod@boursecommunications.com.au Dennison Hambling Email: dhambling@theimg.com.au 17
Slide 18: For personal use only
For personal use only INTELLIGENT & MONITORING 6
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