Titomic Ltd · ASX:TTT
Titomic — H1 FY2024 Earnings Presentation
19 slides from Titomic's earnings presentation, Feb 29, 2024
Slide 1: Half-year Results Presentation - H1 FY2024
Half-year Results Presentation - H1 FY2024 1 March 2024 Presented by Herbert Koeck Managing Director Jon Nield Chief Financial Officer
Slide 2: Disclaimer – Forward Looking Statements
Disclaimer – Forward Looking Statements This presentation has been prepared by Titomic Limited ACN 602 793 644 (“Titomic” or the under any circumstances create an implication that there has been no change in the affairs “Company”) to provide summary information about Titomic and their activities as
Slide 3: Agenda
Agenda 1. H1 FY24 Highlights & Current Pipeline 2. Titomic at a Glance 3. H1 FY24 Financial Results 4. Operational Update 5. Outlook 6. Continued key commercial focus 3
Slide 4: H1 FY24 Highlights
H1 FY24 Highlights
Slide 5: Our approach: we are staying focused
Our approach We are staying focused 1 Deliver on significant potential – grow profitable revenue 2 Convert vastly expanded commercial pipeline 3 Diversify customer base 4 Maintain strategic discipline 5
Slide 6: Deliver on significant potential – grow profitable revenue
1. Deliver on significant potential – grow profitable revenue • Total revenue up 51% to $4.2m • 59% rise in customer sales receipts to $2.3m • 75 orders received from customers • Boeing manufacturing revenue totaling $0.32m, up from $40k • Airbus system orders: $0.65m • ISB sold to EPCOR for $0.52m
Slide 7: Convert vastly expanded commercial pipeline
2. Convert vastly expanded commercial pipeline • Strong progress in defined applications in aerospace, defence, and automotive sectors • Sales across the entire product portfolio of TKF, ISB, and D-series sales • Strong growth of in-house repeat manufacturing orders • New customers won in target ind
Slide 8: Diversify customer base
3. Diversify customer base • Building out North America and Europe • Website traffic to Titomic.com increased 309.4% • Website traffic from the USA up 545% • Continued manufacturing engagements, expanding business from existing customers such as Boeing • Coverage of key regions including the USA and
Slide 9: Maintain strategic discipline
4. Maintain strategic discipline After assessing hundreds of applications, Titomic has narrowed its focus to make significant progress in the development, testing, and engineering of a small range of high-value applications. Titomic now offers unique manufacturing and coatings capabilities utilising
Slide 10: Titomic at a Glance
Titomic at a Glance The world’s leading provider of cold spray solutions
Slide 11: Titomic is the only “cold spray additive” public company
Titomic is the only “cold spray additive” public company. Titomic offers one of the fastest, most scalable, cost competitive, and energy-efficient additive manufacturing and coating technologies in the world. • Additive manufacturing market estimated to grow 11x up to $146B in the next decade. Large
Slide 12: Leadership with proven industry experience
Leadership with proven industry experience A combined 165 years of cold spray experience across the staff and board Board of Directors Dag Stromme Humphrey Nolan Mira Ricardel Richard Willson Dr. Andreas Schwer Chair of the Board Non-Executive Director Non-Executive Director Non-Executive Director N
Slide 13: Titomic’s cold spray process
Titomic’s cold spray process At the centre of Titomic’s business is Titomic Kinetic Fusion® - our innovative, patented cold spray technology. Titomic’s story Robotic High-Pressure System • Founded in 2014 to commercialise cold for Additive Manufacturing gas spraying metal particles to produce 3D str
Slide 14: Offering diverse, versatile cold spray systems
Offering diverse, versatile cold spray systems. Titomic offers the world’s largest and most diverse product line of cold spray systems, offering novel capabilities for many industries. This includes handheld coatings and repairs, all the way through to advanced additive manufacturing for aerospace a
Slide 15: Our growing, trusted global customer base
Our growing, trusted global customer base. 15
Slide 16: 1H FY24 Financial Results
1H FY24 Financial Results
Slide 17: Profit & Loss
Profit & Loss Earnings Summary 1H24 1H23 Financial Results $’000 $’000 Revenue 4,207 2,787 • Stronger financial result with revenue up 51% to $4.2m inclusive of Less Expenses (10,041) (10,029) Profit (loss) before Income Tax (5,834) (7,241) • Revenue from customers $2.3m, a $0.9m (59%) increase on p
Slide 18: Cash flow and balance sheet
Cash flow and balance sheet 1HY24 1HY23 Statement of Cash Flows $‘000 $‘000 Financial Results Customer & Grant Receipts 3,533 1,678 Payments to suppliers and employees (7,080) (8,539) • FY24 H1 Operating cash outflows of $3.6m (an improvement of 48% compared to pcp), include: Operating cash flows (3
Slide 19: Investors’ Questions Welcome
Investors’ Questions Welcome Further email enquiries welcome via investors@titomic.com www.titomic.com Titomic Limited, Ground Floor 365 Ferntree Gully Road, Mount Waverley, Victoria 3149, Australia PO Box 225, Mount Waverley, Victoria 3149, Australia