Cap-xx Limited · LSE:CPX
Cap-xx — H1 2007/08 Earnings Presentation
15 slides from Cap-xx's earnings presentation, Mar 31, 2008
Slide 1: 2007/08 Interim results Investor Presentation
2007/08 Interim results Investor Presentation 31 March 2008
Slide 2: Disclaimer
Disclaimer • This presentation and its enclosures and appendices (the “presentation”) have been prepared by CAP-XX Limited (the “Company”) exclusively for information purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities. This presentation has not been
Slide 3: Executive Summary
Executive Summary • CAP-XX has established a unique technology position • Executing to previously defined strategy despite challenging environment • No direct competitors in the mobile phone market • Secured manufacturing partner • Reduces financial and execution risk for CAP-XX • Achieving Mobile P
Slide 4: CAP-XX Profit & Loss
CAP-XX Profit & Loss Profit & Loss 2007 2006 Variance Half Year ended 31 December Favourable/ % $AUD 000’s (Unfavourable) Sales – Units (000‟s) 826 625 201 32.2% - ASP US$ 2.74 US$ 2.91 US$ (0.17) (5.7)% - Revenue (USD) 2,264 1,816 448 24.7% Sales revenue 2,631 2,384 247 10.4% Cost of sales (3,115)
Slide 5: CAP-XX Cash Flow
CAP-XX Cash Flow Cash Flow 2007 2006 Variance Half Year ended 31 December Favourable/ $AUD 000’s (Unfavourable) Net cash outflow from operating (4,586) (3,728) ( 858) activities Net capital expenditure (672) (1,045) 373 Operating cash flow (5,258) (4,773) (485) Net proceeds from issuance of 65 51 14
Slide 6: CAP-XX Balance Sheet
CAP-XX Balance Sheet Balance Sheet 31 December 30 June Variance $AUD 000’s 2007 2007 Favourable/ (Unfavourable) Fixed assets (NBV) 3,073 2,779 294 Other non current assets 208 153 55 Working capital 1,208 350 858 Provisions (667) (631) (30) Total capital employed 3,822 2,651 1,171 Cash 5,551 10,744
Slide 7: License partnership
License partnership • Committed to high volume mass-production • Highly trusted brand in component industry • Joint development of future products • Initial licensing fee from License partner • Running royalty from licensing based on sales 7
Slide 8: License Partner Strengths
License Partner Strengths • Highly profitable company with a strong brand name and leading global share in electronic components • Innovation and technology led - products range from innovative materials to modules • Experienced, leading component supplier to all leading handset manufactures, includ
Slide 9: Mobile Phone Manufacturers
Mobile Phone Manufacturers • The last 6 month has shown significant progress with the top mobile phone manufactures • Design wins anticipated within the next 6 months with production starting 1H 2009 and high volume production in 1H • Manufacturing Licensee has been very positively received by mobil
Slide 10: N73 vs. N73 with CAP-XX + LED Module
N73 vs. N73 with CAP-XX + LED Module Modified N73 3 x PWF4 @ 1A each optimised lens ~12W flash power Standard N73 4 die LED @ 70mA each ~1W flash power 10
Slide 11: IC partners
IC partners • 5 leading IC partners have solutions available today for CAP-XX powered high powered LED flash • The IC partners have completed both development boards and reference designs • Joint demonstrations with IC partners are being conducted for customers • Strong progress with other IC compan
Slide 12: LED partners
LED partners • The leading LED manufacturers are continuing to increase their efforts in the BriteFlash™ space • LED manufacturers are building close partnership with IC module providers - they are all working with CAP-XX • LED based solutions rapidly becoming technology of choice following signific
Slide 13: Module Partners
Module Partners • During the Q1 2008 the first complete module solutions have emerged • Modules being optimised to meet specific customer requirements for volume production • Top 5 5 handset manufacturers actively encouraging module companies to produce integrated modules incorporating CAP-XX • Modu
Slide 14: Sony demo of CAP-XX BriteFlash
Sony demo of CAP-XX BriteFlash™ Sony Demo shown to customers at 3GSM Picture has been taken using: •CAP-XX flash hardware • Sony camera module solution which has been prepared for CAP-XX solution 14
Slide 15: Summary
Summary • CAP-XX has established a unique technology position and built a powerful commercial partnership based “ecosystem” with top 5 handset manufacturers and their tier 1 suppliers • Executing to previously defined strategy despite challenging environment • Financial and execution risk greatly re