Slide 1: Straker Full Year FY2024 Investor Presentation
Straker Full Year FY2024 Investor Presentation
Slide 2: Disclosure Statement
Disclosure Statement This presentation is given on behalf of Straker Translations Limited ASX:STG (Company number NZ: 1008867 / AU: ARBN 628 707 399) Information in this presentation: ● Is for general information purposes only, and is not an offer or invitation for purchase, or recommendation of secu
Slide 3: Agenda
Agenda 01 02 03 04 Introduction & Industry & Strategy Financial Results Q&A Summary Results Grant Straker David Ingram Co-founder and CEO Chief Financial Officer 3
Slide 4: FY2024 at a glance
FY2024 at a glance Delivered Strong Financial Performance ● Achieved $4.5 million in Adj EBITDA ● Generated $50 million in revenue despite challenging macroeconomic conditions ● Reduced operating expenses* by $5.0 million, optimising resource allocation ● Achieved positive free cash flow of $2.3m Fos
Slide 5: Financial Highlights
Financial Highlights $2.3m $4.5m 63.8% Free Cash Flow Adj EBITDA Gross Margins an up from $1.4m in PCP increase of 680bp $12.2m $50m $7.9m Cash Balance down Revenue down 16% R&D Investment from $12.5m 5
Slide 6: FY2024 Strategic Achievements - AI Transformation
FY2024 Strategic Achievements - AI Transformation Cost Efficiency & Cash Generation Digital Transformation & AI - High gross margins Investment - Reduction in OPEX - Investment in AI R&D - Positive EBITDA - New AI SaaS platform - Generate free cash flow 3 Areas of - Workplace Apps as TMS UX - Maintain
Slide 7: Industry - remains a $70bn TAM open for disruption
Industry - remains a $70bn TAM open for disruption The nature of work may change but there will be no lack of potential customers The industry is experiencing a significant shift from traditional processes to AI based solutions. Straker is well-positioned to capitalise on this shift. Significant oppor
Slide 8: Product-Market Fit
Product-Market Fit Workplace | Orchestrate VERIFY Apps P + Automates content process flow Al verification * No wansiaton 5 P ; managemen Provides easy user interaction Significant aystémireguirad platform using Slack and Teams Sunes + Manages scale and billing 5 + Embed in the tools * Provides conne
Slide 9: Verify
straker igecloud 8 Dashboard Translate Validate Report Connect ttings Project Reports 2023 Overall Translation Quality: Acceptable Annual Report.docx 1042 words Spanish Communication Segment Quality: i | Translation Memory ® 10% Bl Best 10% BB Good 13% Segments | Acceptable 64% i Bad 3% Download Bre
Slide 10: AI quality assessment
Al quality assessment 10 straker | TenguageCloud Content Quality Dio Umwoltauswirkungen von Einwogplastik In der modemen Ara hat sich die Verbreitung von Einwegplastik als drangendes Umweliproblem herausgestelt, mit bedeutenden Folgen flr Okosysteme, die Tierwelt und die menschiiche Gesundheit. Einw
Slide 11: Automatic Video Translation in Slack
Automatic Video Translation in Slack 11
Slide 12: Go to market - a new world of access to customers
Go to market - a new world of access to customers Increased marketing to drive channel and ecosystem partner growth, new global marketing team and an experienced global sales team in place AI VERIFY Slack/Teams Managed Services Gap Pro AI VERIFY Toolkit AI and Business Salesforce/Slack Direct approa
Slide 13: Experienced, Stable and Invested Team
Experienced, Stable and Invested Team Executive proven at delivering on a growth playbook holding 13% of STG Tamas Szoke Chief Production Officer Average of 14 years years of exec experience at Straker 13
Slide 14: FY2025 Strategic Focus and Targets
FY2025 Strategic Focus and Targets Profit & Cash Generation Digital Transformation & AI Investment - Mid 60’s Gross margins - further reductions in supply side OPEX - >70% of R&D on product market - Positive Adj EBITDA fit AI initiatives - Positive Free Cash Execution at - Increased ARR on SaaS - Retu
Slide 15: Value Drivers for industry transactions
Value Drivers for industry transactions 15
Slide 16: Outlook
Outlook Straker is pleased to provide the following expectations with respect to various key financial metrics for FY25: · Revenue is expected to return to topline growth · Gross Margin is expected to maintain mid-60%, · Straker will continue to be Adjusted EBITDA profitable · Straker will continue to
Slide 17: Financials
Financials
Slide 18: Income Statement
Income Statement Earnings before interest, tax, depreciation and amortisation (EBITDA) Revenue ~16% Gross profit -6% Gross margin % 42% _OPerating loss before net finance expense Other income 333% Add: Depreciation, amortisation, and impairment of non-financial assets Depreciation, amortisation, and
Slide 19: Financial Position
Financial Position Notes $000 #039;000 Current assets Cash and cash equivalents 12,505 Trade receivables 10 3715 Other assets and prepayments n 4,049 Total current assets 26,269 Non-current assets Intangible assets 2 28,505 Plant and equipment 323 Right-of-use assets 7 1,246 Total non-current assets 30
Slide 20: Cash Flow
Cash Flow 2024 2023 $000 #039;000 Cash flows from operating activities Receipts from customers 52,190 62,037 -16% Other operating cash flows (47,142) (60,609) -22% Operating cash flow 5,048 1,428 254% Capital investment (2,711) (2,312) 17% Free cash flow 2,337 (884) -364% Cash flow from financing activ
Slide 21: Thank you
Thank you