Slide 1: FirstWave Cloud Technology - Coffee Microcaps
FirstWave Cloud Technology For personal use only (ASX:FCT) Coffee Microcaps 9 December 2021
Slide 2: Today's presenter
Today’s presenter For personal use only John Grant – FirstWave Executive Chairman • Australian IT industry leader • Managing Director of Data#3 (ASX:DTL) for c. 20 years • Inaugural Chair of Australian Rugby League Commission 2
Slide 3: Our mission
Our mission For personal use only DEMOCRATISING enterprise grade cybersecurity-as-a-service for SMBs globally 3
Slide 4: World-first Open Security Management Platform (OSMP)
World-first Open Security Management Platform (OSMP) For personal use only Open Platform Multiple, integrated third- One place to deliver and party security vendors and manage security services at functions Security Management scale Enterprise Grade security services – Full lifecycle management virt
Slide 5: Mobile App: World-class protection in your pocket
Mobile App: World-class protection in your pocket For personal use only • Unique in market / USP • Compelling SMB security management • Customer lifetime value 5
Slide 6: FirstWave's distribution model
FirstWave’s distribution model For personal use only FirstWave’s Partners are service providers serving the global SMB market Partner End-user Telco ISP SMB MSSP One To many To many more 6
Slide 7: Acquisition of Opmantek
Acquisition of Opmantek For personal use only About Opmantek • Provides enterprise-grade, network management (NMIS) and IT Audit software • Customers are Telcos and Managed Service Providers who buy direct and resell to mid-market customers; and large enterprises who use in their own networks • Broa
Slide 8: Benefits of acquisition
Benefits of acquisition For personal use only Expands product portfolio New opportunities through one platform and combined IP New channels to market New MSP partners and direct sales Opens large and lucrative US market Local team selling through existing partner network and to blue-chip clien
Slide 9: Combined offering
Combined offering For personal use only The combined offering is an end-to-end solution for network discovery, management and cybersecurity FirstWave’s cyber-security as a service protects & remediates vulnerabilities identified by Opmantek’s network management platform. This includes enterprise-g
Slide 10: Expanded global reach
Expanded global reach For personal use only Opportunity for international revenues to be enhanced through the combined companies UK & Europe USA & Canada Asia Africa Latin America Opmantek people Australia FirstWave people FirstWave platforms 10
Slide 11: Expands global reach
Expands global reach For personal use only FirstWave Telco and Service Providers Opmantek Managed Service Providers 11
Slide 12: Diversified global client base
Diversified global client base For personal use only FY21 FirstWave Gross Profit FY21 Combined FirstWave and Distribution* Opmantek Gross Profit Distribution* Middle East Middle East & UK & Europe, 5% Asia, 3% & Africa, 7% Africa, 5% UK & Europe, 3% Asia, 5% Latin America, 16% USA & Australia & Cana
Slide 13: Blue-chip partners and customers
Blue-chip partners and customers For personal use only Partners –Telcos and Managed Services Providers resell to their customers Mid and Enterprise direct customers – >300 FTEs 13
Slide 14: Combined business – delivers operational synergies
Combined business – delivers operational synergies For personal use only $2m in annual synergies in the combined group, in addition to the $2.5m cost reductions FCT communicated in the FY22 Q1 market update Revenue Synergies: Entry into new geographic markets with access to existing channels and c
Slide 15: Combined leadership team – strengthened and committed
Combined leadership team – strengthened and committed For personal use only Danny Maher Iain Bartram Managing Director and Chief Executive Officer Chief Financial Officer and Company Secretary • Previously Opmantek Exec Chair, Foundation Investor • Strategic CFO with international experience in • Ne
Slide 16: Combined leadership team – strengthened and committed
Combined leadership team – strengthened and committed For personal use only John Grant Danny Maher Non-Executive Chairman Managing Director and Chief Executive Officer • Australian industry leader • Previously Opmantek Exec Chair, Foundation Investor • Managing Director of Data#3 (ASX:DTL) for c. 20
Slide 17: Combined business – pro forma Profit & Loss
Combined business – pro forma Profit & Loss For personal use only FY21 (AUD #039;000) FirstWave ** Opmantek** Adjustment* Combined P&L highlights of the deal pro forma FY21 Pro forma* Recurring Revenue 7,595 3,236 10,831 • 43% increase in recurring revenue Non-recurring revenue 380 796 1,176 • 94% incr
Slide 18: Cash balance post transaction
Cash balance post transaction For personal use only Combined Cash Position Proforma 30 Sept 2021* • Integration plan* − Estimated integration costs ~$1.2m Cash from combined balance sheets $8.3m − Full integration completed by Jun 22 Repayment of Loan ($1.5m) • Cash burn for combined business to hal
Slide 19: Proposed capital structure
Proposed capital structure For personal use only Rationale for Equity Split Capital Structure No. of % of MV @ Description FCT** OPM** shares shares $0.07 FirstWave Current Shares 769m 46% $54m Revenue (FY21) $8m $4.0m Placement and Rights Issue 200m 12% $14m Gross Profit (FY21) $4.3m $4.0m Opmantek
Slide 20: Well positioned for success
Well positioned for success For personal use only Combined Increased scale Global Experienced proposition for with growing Proprietary opportunities to Profitability committed clients revenue IP accelerate growth and synergies team End-to-end solution FirstWave’s standalone Opmantek’s Global
Slide 21: Thank you
Thank you For personal use only For investor inquiries, please contact: Ryan Thompson +61 (0)423 151 378 rthompson@citadelmagnus.com 21