Revasum — H1 2019 Earnings Presentation
16 slides from Revasum's earnings presentation, Aug 21, 2019
Slide 1: Revasum, Inc. 2019 Half Year Results
Revasum, Inc. ASX:RVS 2019 Half Year Results 21st August 2019 Jerry Cutini, CEO Ryan Benton, CFO ir@revasum.com www.revasum.com
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Revasum, Inc. (ARBN: 629 268 533) (Revasum) and is for information purposes only. Each recipient of this presentation is deemed to have agreed to accept the qualifications, limitations and disclaimers set out below. The information provided in this d
Slide 3: Agenda
AGENDA 2019 Half Year Financial Performance Market Opportunities and Highlights First Half 2019 Headlines and Outlook 3
Slide 4: 2019 Half Year Financial Performance
2019 HALF YEAR FINANCIAL PERFORMANCE 4
Slide 5: Revenue by Category
Revenue by Category Total Revenue INCREASED 43% year-over-year $16,675 $15,193 $3,163 1H19 Systems Revenue $3,383 46% year-over-year $10,602 INCREASE $2,537 $12,760 $10,350 1H19 Recurring Revenue 33% year-over-year $8,065 INCREASE $1,460 1H18 2H18 1H19 SiC Systems Legacy Si Systems Recurring revenue
Slide 6: 2019 1H Financial Highlights
2019 1H Financial Highlights Y/o/Y 1H19 Revised IPO (USD in millions) 1H19 1H18 Change Guidance 1H19* Revenue $15.2M $10.6M 43% $15.0M to $16.5M $20.5M Revenue increase of 43% $4.3M $3.6M 18% $8.6M driven by increase of systems Gross Profit shipments from 15 in 1H18 to GM% 28.2% 34.2% (600 bps) 42.0
Slide 7: 30 June 2019 Balance Sheet
30 June 2019 Balance Sheet Cash at 30 June 19 US$12.1M and (USD in thousands) 30 Jun 2019 31 Dec 2018 no debt. Cash and cash equivalents $ 12,123 $ 24,469 US$10.0M financing facility in Trade and other receivables 9,243 8,189 place with Bridge Bank. US$0 drawn Inventories - net 11,099 8,378 as of 30
Slide 8: 2019 1H Cashflow
2019 1H Cashflow (USD in thousands) 1H19 1H18 IPO 1H19* Cash at 30 June 19 US$12.1M Receipts from Customers $ 12,419 $ 9,013 $ 21,821 vs. prospectus forecast of Payments to Suppliers and Employees (19,062) (8,635) (17,539) US$20.0M for same period. Interest Received(Paid)-net 52 (26) - US$3.7M custo
Slide 9: Market Opportunities and Highlights
MARKET OPPORTUNITIES AND HIGHLIGHTS 9
Slide 10: Global Electric Vehicle Production is Rapidly Accelerating
"With the start of production of the “Tesla stock surges after setting Mercedes-Benz EQC, we are new delivery and production turning the switch today – for the records” – CNBC |3 Jul 2019 electric mobility of the future” - Markus Schäfer Mercedes-Benz Cars |6 May 2019 Global Electric Vehicle Product
Slide 11: Global Silicon Carbide Market Growing Fast
Global Silicon Carbide Market Growing Fast The global silicon carbide device market size is expected to reach US$16.0 billion by 2032.* SiC Headlines • Cree to invest US$1.0 billion to expand SiC capacity • Toyota beginning on-road testing of new SiC power semiconductor technology; hybrid Camry and
Slide 12: Revasum's Leading SiC Technology Offering
Revasum’s Leading SiC Technology Offering 7AF-HMG SiC Revasum has been processing SiC Grinder wafers for over a decade and has the largest installed base of SiC grinders in the world. LAUNCHING 2nd OCTOBER 2019 AT: In 1H2019, we’ve engaged with approximately 15 customers for both our SiC systems, gr
Slide 13: First Half 2019 – Headlines and Outlook
FIRST HALF 2019 – HEADLINES AND OUTLOOK 13
Slide 14: SiC Sales Beginning to Ramp
SiC Sales Beginning to Ramp 1H19 Systems Revenue 46% $30,000 Revenue by Category year-over-year INCREASE $27,277 $27,200 $25,000 1H19 Recurring Revenue 33% $6,900 year-over-year INCREASE $5,700 $20,000 2H19 Total Revenue forecasted to be between US$11.0 and $16,675 $15,193 US$13.0 million. $15,000 $
Slide 15: Executive Summary
EXECUTIVE SUMMARY • First new 6EZ SiC Polisher Tool build recently completed • 6EZ SiC Polisher Tool to launch on 2nd October 2019 at International Conference on Silicon Carbide and Related Materials (ICSCRM) in Japan • Engaged with 15 customers during 1H19 for both our SiC grinder and polisher • Si
Slide 16: Questions
Questions Dial * 1 if you have a question 16