Etherstack Plc · ASX:ESK
Etherstack — FY2022 Earnings Presentation
13 slides from Etherstack's earnings presentation, Feb 17, 2023
Slide 1: Etherstack Results presentation
For personal use only Etherstack Results presentation Etherstack plc (ASX:ESK) 17 February 2023 Authorised for release by David Deacon, CEO and David Carter, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Etherstack plc (ARBN 156 640 532) (“Etherstack” or “the Company”). The information in this presentation is for For personal use only information purposes only and is not investment, financial product, legal or tax advice. This presentation contains s
Slide 3: 2022 Financial & Business highlights
For personal use only 2022 Financial & Business highlights
Slide 4: Etherstack
Etherstack Etherstack is a wireless technology provider that supplies our own mission critical wireless networks to the For personal use only public safety, utilities and resource sector. The company also licenses key technology to over 20 other wireless equipment manufacturers globally Snapshot 3 C
Slide 5: 2022 Financial highlights
2022 Financial highlights For personal use only 14% 33% 51% Revenue growth to EBITDA growth NPAT growth to US $9.68 m to US $3.4 m US $2.2 m Strategic Two newrevenue growth Recurring Business products US$2.16m launched Samsung, Nokia FY22 operating cash flow + and Rio Tinto US $2.55 million Fifth co
Slide 6: Business highlights
Business highlights For personal use only Two critical new Strategic Business UK and Australian Strategic strengths products launched government deals • Successful launch of • 5 year extension to the • UK Ministry of • Strong global interest our 3GPP standards Samsung Global Defence in Etherstack’s
Slide 7: Strong revenue growth supported by key contract wins
Strong revenue growth supported by key contract wins For personal use only Etherstack Revenue (USD ‘000) Multiple growth drivers have delivered 9,681 strong revenue growth in FY22 8,504 • Step change in revenue 2021 has been maintained with additional 14% growth in 2022 • Multiple growth drivers 4,7
Slide 8: Recurring revenue remains a core focus for Etherstack
Recurring revenue remains a core focus for Etherstack For personal use only Etherstack Recurring Support Recurring Support Revenues continue Revenue (USD ‘000) to grow • 6% increase on FY2021 to $1,876 • Increase driven by: • New network deployments • Incremental growth to existing guidance networks
Slide 9: Income Statement
Income Statement For personal use only US$'000 2021 2022 Revenue increases driving EBITDA growth Revenue from Contract with Customers 8,504 9,681 • Revenue of US$9.681 m Recurring support and Royalty revenue 2,277 2,268 representing 14% growth Project and Product Revenues 6,227 7,413 • EBITDA increa
Slide 10: Balance Sheet & Cash Flow Statement
Balance Sheet & Cash Flow Statement Balance Sheet Cash Flow Statement For personal use only US$’000 31-Dec-21 31-Dec-22 US$’000 2021 2022 Cash and cash equivalents 3,038 1,918 Net cash generated from operating activities 3,368 2,165 Trade and other receivables 2,439 3,309 Net cash flow (used in) inv
Slide 11: Strong outlook driven by focus on key strategic initiatives
Strong outlook driven by focus on key strategic initiatives For personal use only Expansion of Commencement existing Australian License and supply of upgrades to & International of defence virtualised public safety communications switching solutions networks solution to other across installed nation
Slide 12: Questions
For personal use only Questions
Slide 13: For personal use only
London New York 64 Rose Street, +44 207 734 0200 +1 917 661 4110 Chippendale NSW 2008 For personal use only info.eu@etherstack.com info.na@etherstack.com Phone +61 2 8399 7500 Sydney Yokohama David Deacon, CEO +61 2 8399 7500 +81 45 342 9050 david.deacon@etherstack.com info.au@etherstack.com info.jp