X2m Connect Limited · ASX:X2M
X2m Connect — FY2024 Earnings Presentation
12 slides from X2m Connect's earnings presentation, Aug 30, 2024
Slide 1: FY24 Results Presentation
FY24 Results Presentation For personal use only August 2024
Slide 2: About Us
About Us X2M has commercialised a unique patented software platform for machine connectivity For personal use only We are digitising utilities in Asia. Our target countries represent >20% of the world's population Our platform is a core enabler of data collection, for automation, Artificial Intellig
Slide 3: FY24 highlights
FY24 highlights Revenue of $13.4 million, down 17% (FY23: $16.2 million), reflecting the Company’s targeted and For personal use only previously announced strategy to exit low margin hardware-only sales Recurring SaaS and maintenance revenue of $1.7 million, up 50% (FY23: $1.15 million) Gross profit
Slide 4: We are driving towards positive cashflow
We are driving towards positive cashflow Growth in gross profit, recurring SaaS and maintenance revenue and flat Opex has the company on path to positive cashflow and earnings. Drop in FY24 revenue driven by discontinuation of low-margin hardware sales and focus on margin generation For personal use
Slide 5: Strongly growing connected devices
Strongly growing connected devices A key focus for X2M is continued growth in the number of connected devices which provide the base for future recurring SaaS revenues under long-term contracts. The rise in connected devices is driven by the Company’s core enterprise and government customers. Total
Slide 6: X2M is now in the third horizon of its strategy
X2M is now in the third horizon of its strategy For personal use only Horizon 1 Horizon 2 Horizon 3 Build and Land and expand Transform – position commercialise for data explosion & AI - Now Entering Platform built & proven Large customer base & Harvest current addressable market markets Extensive p
Slide 7: Addressable markets to potentially expand materially in Horizon 3
Addressable markets to Beijing, China South Korea potentially expand 22m 52m materially in Horizon 3 9m 22m For personal use only • Addressable market in current Japan geographies: 250 million people, 126m 104m households 55m • Addressable market across existing customers: >10m households1 India Tai
Slide 8: Our solution − the results we deliver to our customers
Our solution − the results we deliver to our customers For personal use only Increased operational Platform streamlines utility management and reduces manual interventions. efficiency Cost Automated monitoring and accurate, real-time data eliminates the need for manual meter reductions readings, red
Slide 9: Revenue model
Revenue model Upfront revenue Recurring revenue For personal use only Platform installation fee Monthly maintenance Monthly SaaS fee for per instance plus platform fee for support data delivered customisation fees Per new device connection fee or per new device fee for X2M hardware Annual licensing
Slide 10: X2M summary
X2M summary For personal use only Unique, world- Early mover Addressable Clear path to Strong team leading, future- advantage with market is large profitability; leading the proofed IoT significant and growing, with recurring revenues Company to the solution enabling barriers to entry significant gl
Slide 11: Contact
For personal use only Contact Mohan Jesudason Chief Executive Officer investor.relations@x2mconnect.com T: 1 800 926 926 (1 800 X2M X2M) Gabriella Hold Automic Markets gabriella.hold@automicgroup.com.au T: +61 411 364 382
Slide 12: Disclaimer
Disclaimer This Presentation (“Presentation”) has been prepared by X2M Connect Limited (Company). You must read and accept Investment risk the conditions in this notice before considering the information set out in or referred to in this Presentation. If you do An investment in Shares is subject to