Catapult Sports Ltd. · ASX:CAT
Catapult Sports — Investor Presentation (May 2017)
18 slides from Catapult Sports's investor presentation, May 2, 2017
Slide 1: 3Q FY17 Update and Capital Raising Presentation
3Q FY17 Update and Capital Raising Presentation 2 May 2017 Catapult Group International Limited ACN 164 301 197
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Catapult Group International Limited ACN 164 301 197 (‘Catapult’) in relation to a private placement of new Catapult fully paid ordinary shares (‘Shares’) to institutional investors (‘Placement’). Each recipient of this presentat
Slide 3: Summary
SUMMARY Catapult reiterates FY17 revenue guidance of between $61.0m and $65.5m, expected to generate positive group underlying EBITDA 3Q FY17 and 24% pcp growth in elite unit sales to 2,583 vs 2,085 in Q3 FY16 business update In the financial YTD, subscription orders account for 69% of all eli
Slide 4: Business Update
BUSINESS UPDATE 4
Slide 5: Catapult Reiterates FY17 Guidance
CATAPULT REITERATES FY17 GUIDANCE Driven by rapid penetration of wearables in elite sport Catapult reiterates revenue guidance of between $61.0m and $65.5m, representing 21%-30% pro-forma growth in FY17 (and 226-250% growth on a statutory basis)1 Group underlying EBITDA is expected to be positiv
Slide 6: Catapult Appoints Joe Powell as CEO
CATAPULT APPOINTS JOE POWELL AS CEO Announced 7 April, Joe Powell commenced as Chief Executive Officer on 1 May Powell joins Catapult from ASX-listed SEEK Limited, having held several senior leadership roles, most recently as Managing Director of SEEK Education Powell is already closely famili
Slide 7: Catapult's First Video-Based League-Wide Deal
CATAPULT’S FIRST VIDEO-BASED LEAGUE-WIDE DEAL The NHL is a professional ice hockey league composed of 31 teams – 24 in the United States and 7 in Canada Considered the premier professional ice hockey league and the 5th largest professional sporting league (by revenue) in the world The Stanley
Slide 8: League-Wide Deals Announced in H2 FY17
LEAGUE-WIDE DEALS ANNOUNCED IN H2 FY17 240 units 318 units Video analytics North America’s Argentina’s Welsh Rugby Union National Hockey League Liga Nacional de 9 teams, including 31 teams Básquetbol international and Catapult’s first 20 teams regional sides video-based league-wide deal 8
Slide 9: Prosumer Offering Upgraded
PROSUMER OFFERING UPGRADED Aug 2016 Apr 2017 FY17 FY18 1. Acquisition 2. PLAYERTEK by Catapult launched 3. Full prosumer product release of PLAYERTEK Proven hardware wearable and extensively re- Targeting FY18 engineered and enhanced web and app-based Catapult branded products software analyti
Slide 10: 3Q Cash Movement and Cash Position
3Q CASH MOVEMENT AND CASH POSITION 3Q FY17 cash flow waterfall Catapult has total $14.2m1 available capital 13.9 14.2 headroom via current cash balance and undrawn Undrawn Bridge Bank facility US$6m Bridge Bank Bridge Bank facility is a USD denominated, $6 facility million working capital facili
Slide 11: Strategy Update and Capital Raising
STRATEGY UPDATE AND CAPITAL RAISING 11
Slide 12: Delivering on Our Strategy
DELIVERING ON OUR STRATEGY Own the performance Commercialise Leverage our 1 technology stack for 2 elite wearable and 3 growing elite brand elite sport video data into consumer Drives current P&L Unique and predictive data PLAYERTEK by Catapult Subscription fleet of 12,701 from wearable plat
Slide 13: Integrated Technology Stack
INTEGRATED TECHNOLOGY STACK Owning the athlete analytics ecosystem in elite sports… Integrated data and analytics Wearables Video analytics Peripheral applications Athlete management Target 2 system The proposed acquisitions are of high strategic value to Catapult: Continue the build-out of our
Slide 14: Acquisitions
ACQUISITIONS What is the opportunity? Catapult is seeking to raise capital to fund two acquisitions of strategically complementary businesses The products will enable Catapult to build additional lines of revenue for each client across its elite client base (currently ~1500 teams) in the form of
Slide 15: Acquisition Strategy and Execution
ACQUISITION STRATEGY AND EXECUTION A strong track record of identifying and executing acquisitions Ubiquitous (or nearly ubiquitous) offering Able to be rolled out to Catapult’s existing elite Our strategic customer base of more than ~1500 teams ‘For’ performance acquisition Software based –
Slide 16: Offer Details
OFFER DETAILS Catapult Group International Limited (Catapult) is offering approximately 7 million new shares at A$2.00 Offer size and per New Share to raise approximately A$14 million via an Institutional Placement to professional and structure sophisticated investors Fixed offer price of A$2.00
Slide 17: Offer Details (cont.)
OFFER DETAILS (cont.) Catapult is pleased to invite all eligible Shareholders to participate in an SPP to be priced at the same price as the Placement price ($A2.00 per share), to raise up to a maximum of A$3 million, Each Shareholder may apply for up to $15,000 of new shares at the SPP price, w
Slide 18: Offer Timetable
OFFER TIMETABLE EVENT DATE Record date for SPP Friday, 28 April 2017 Trading Halt Monday, 1 May 2017 Institutional placement offer opens Monday, 1 May 2017 Institutional placement bookbuild closes Monday, 1 May 2017 Trading halt lifted and Catapult shares resume trading Tuesday, 2 May 2017 Settlemen