Senetas Corporation Limited · ASX:SEN
Senetas — Shareholder Meeting (November 2021)
20 slides from Senetas's shareholder meeting presentation, Nov 19, 2021
Slide 1: 2021 Annual General Meeting – Chairman's Address and CEO Presentation
For personal use only 19 November 2021 The Manager, Listings ASX Limited Company Announcements Office Level 4 Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2021 Annual General Meeting – Chairman’s Address and CEO Presentation We attach a copy of the Chairman’s address and the CEO’s
Slide 2: Chairman's Address
SENETAS CORPORATION LIMITED AGM – 19 NOVEMBER 2021 CHAIRMAN’S ADDRESS For personal use only The past year has seen another significant step forward in Senetas’s journey to broaden its revenue base and invest in higher growth cyber security technologies. Whilst our consolidated financial results for
Slide 3: Chairman's Address (continued)
SENETAS CORPORATION LIMITED AGM – 19 NOVEMBER 2021 Over the past 18 months Votiro has been restructured with a key focus on sales execution targeting priority markets. A highly experienced management team has been recruited and our new CEO, Ravi Srinivasan, who has outstanding experience in cybersec
Slide 4: Chairman's Address (continued)
SENETAS CORPORATION LIMITED AGM – 19 NOVEMBER 2021 leveraging of the increased sales force offered by the combined group. We are also seeing very encouraging early signs for SureDrop. For personal use only And off the back of the very significant recent contract wins, the outlook for Votiro is very
Slide 5: CEO Presentation – Andrew Wilson
For personal use only Senetas Corporation Limited Annual General Meeting – 19 November 2021 CEO Presentation – Andrew Wilson © 2021 Senetas Corporation Slide 1
Slide 6: FY2021 Group Highlights
FY2021 Group Highlights For personal use only • Group operating revenue of $23.0 million – up 2% on FY2020 (up 13% on a constant currency basis1) • Underlying operating profit before tax for the Senetas business segment ($3.4 million) was up more than 70% on a constant currency basis1 • With good re
Slide 7: Key Financials
KEY FINANCIALS For personal use only © 2021 Senetas Corporation Slide 3
Slide 8: FY2021 Consolidated Senetas Group Financials
FY2021 Consolidated Senetas Group Financials Full year ended 30 June 2021($000’s) FY2021 FY2020* For personal use only Revenue from ordinary activities 23,006 22.605 Gross profit 19,578 19,641 Gross Margin % 85% 87% Other income 400 712 Depreciation & amortisation (3,209) (2,828) Share of loss of an
Slide 9: Senetas Operational Update
SENETAS OPERATIONAL UPDATE For personal use only © 2021 Senetas Corporation Slide 5
Slide 10: FY2021 Highlights – Senetas Segment
FY2021 Highlights – Senetas Segment For personal use only • Senetas segment operating revenue in line with FY2020 – both product sales and maintenance revenue were similar to the prior period • Operating revenue up 11% on a constant currency basis • Good growth in 100Gbps encryptor sales and across
Slide 11: FY2021 Highlights – Senetas Segment
FY2021 Highlights – Senetas Segment For personal use only • Key sales highlights in FY2021 included: • Senetas’s largest ever single order for 100Gbps encryptors • The first sales of 100Gbps encryptors into the Australia market • The first ever sales of SureDrop in the first half of the year. Overal
Slide 12: Votiro Update
VOTIRO UPDATE For personal use only © 2021 Senetas Corporation Slide 8
Slide 13: Votiro Opportunity
Votiro Opportunity For personal use only • With ransomware attacks becoming more common and more severe, the success of Votiro’s Secure File Gateway presents a significant growth opportunity • Senetas is leveraging its experience in defence grade cybersecurity and its long and deep relationships wit
Slide 14: Votiro Opportunity
Votiro Opportunity For personal use only • Over the past 18 months the Votiro business has been restructured with a key focus on sales execution and targeting priority markets • A highly experienced management team has been recruited including a new CEO, Ravi Srinivasan, who is based in the US and h
Slide 15: Key FY2021 Milestones
Key FY2021 Milestones For personal use only • Votiro now has around 400 customers globally and has processed over 5 billion documents with 100% efficacy, zero breaches and no latency • Votiro’s Secure File Gateway has recently received certification via Thales confirming it is suitable for US Govern
Slide 16: FY2021 Financials – Votiro
FY2021 Financials – Votiro For personal use only • Votiro operating revenue contribution to the consolidated Group is up 13% on the prior period (up 27% on a constant currency basis) • Votiro FY2021 loss before tax of $10.9 million – $4.1 million of which is attributable to the minority interests in
Slide 17: FY2022 Outlook
FY2022 OUTLOOK For personal use only © 2021 Senetas Corporation Slide 13
Slide 18: FY2022 Update - Senetas
FY2022 Update - Senetas For personal use only • Strong sales demand has continued into FY2022 including some large scale sales opportunities presenting in the Middle East and the Americas – sales pipeline is up over 50% compared to the same time last year • COVID19 impacts remain, with limited in-pe
Slide 19: FY2022 Update - Votiro
FY2022 Update - Votiro For personal use only • Recent sales successes reaffirm the confidence large organisations have in Votiro’s Positive Selection technology – adding to the broad range of successful case studies for Votiro across both commercial and government organisations • SaaS solution with
Slide 20: CEO Presentation – Andrew Wilson
For personal use only CEO Presentation – Andrew Wilson © 2021 Senetas Corporation Slide 16