Vection Technologies Ltd. · ASX:VR1
Vection Technologies — H1 FY2024 Earnings Presentation
18 slides from Vection Technologies's earnings presentation, Mar 1, 2024
Slide 1: 1H FY24 Results
1H FY24 Results 29 February 2024
Slide 2: Agenda
Agenda Agend 1H a FY24 Results FY23 Agenda 1. Vection Overview 2. Results Overview 3. Financials 4. Strategy & Outlook Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 4
Slide 3: Overview
Overview Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 5
Slide 4: What we do
What we do Our solutions and services facilitate the evolution of businesses from 2D to 3D, crafting experiences that integrate the digital and physical worlds. Our goal is to deliver time and cost savings, mitigate risks, and empower our clients with actionable data. Vection Technologies Ltd (ASX:V
Slide 5: 1H FY24 Results Overview
1H FY24 Results Overview Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 5
Slide 6: Business Highlights
Business Highlights • The Company has demonstrated its ability to grow its revenue base by expanding and securing customer contracts. This has led to a 38% 1H FY24 revenue increase PcP. • The Company expects to deliver a significant revenue uplift in 2H FY24. By comparison, in FY23, Vection recorded
Slide 7: Business Highlights
Business Highlights • Focus on market expansion and client • Vection enhanced its defence-focused relationship efforts across 9 industrial operations with strategic initiatives such as sectors. the Lunar City project. • Vection anticipates positive outcomes • Integrating Virtual Reality, Cloud, Data
Slide 8: Business Highlights (TCV)
Business Highlights (TCV) TCV by Quarter (FY22, FY23, FY24) • Total Contract Value (“TCV”) for the first half grew to $16.7m, up 67% PcP Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 9
Slide 9: Business Highlights (TCV)
Business Highlights (TCV) TCV by Market Segment (31/12/2023) in %: • The Sports, Betting, Media & Telco sector grew to approximately 43% of the TCV. • Defence, Space, Military & Law Enforcement, the next largest sector, was 31%. • Followed by Real Estate & Furniture at 8%. • The fashion, Retail, Ser
Slide 10: Financials
Financials Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 5
Slide 11: 1H FY24 Financial Highlights
1H FY24 Financial Highlights EBITDA Closing $(7.5)m Cash $ 5.2m vs $11.4m at vs $(7.7)m 30 June 2023 in 1H FY23 Revenue $10.9m Up 38% pop Underlying Debt EBITDA $(4.2)m $9.7m vs $10.3m at vs $(2.8)m 30 June 2023 in 1H FY23 Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 10
Slide 12: 1H FY24 Financial Highlights
1H FY24 Financial Highlights 1H FY24 1HFY23 Variance $'000 $'000 % • Revenue up 38% compared to Revenue 10,929 7,912 38% 1H FY23. Other Revenue 555 393 41% • EBITDA aligned with 1HFY23. Total Revenue 11,484 8,305 38% • Impairment loss of $2.8m Expenses (20,534) (16,390) 25% Net Loss before tax (9,05
Slide 13: 1H FY24 Financial Highlights
1H FY24 Financial Highlights 31-Dec-23 30-Jun-23 Variance $'000 $'000 % Cash 5,192 11,359 -54% • Closing cash balance of $5.2m Trade & other receivables Inventories 11,503 1,103 13,648 676 -16% 63% at 31 Dec 23 and net assets of Current Assets 17,798 25,683 -31% $10.9m. PPE 1,179 550 114% Right-of-u
Slide 14: 1H FY24 Financial Highlights
1H FY24 Financial Highlights 1H FY24 1HFY23 • Closing cash balance of $5.2m $'000 $'000 at 31 Dec 23. Net cash from (used) in operating activities (3,738) (970) • Net cash from operating Net cash used in investing activities (1,861) (9,160) activites of $5.2m. Net cash flow used in financing activit
Slide 15: Strategy & Outlook
Strategy & Outlook Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results 5
Slide 16: 2H FY24 Outlook
2H FY24 Outlook Growing TCV: • 2H FY24 Revenue growth expected to grow substantially. By comparison, in FY23, Vection recorded a 217% revenue increase of 2H/1H. • Substantial new contracts have been • Focus on profitability and cash generation executed in February 2024, valued at $5.9m during the re
Slide 17: Disclaimer
Disclaimer This presentation has been prepared by Vection Technologies Limited (ACN 614 814 041) (Vection Future performance - Forward looking statements, opinions and estimates Technologies or the Company) and is for information purposes only. It does not constitute financial provided in this prese
Slide 18: Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results
Vection Technologies Ltd (ASX:VR1) | 1H FY24 Results
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