Senetas Corporation Limited · ASX:SEN
Senetas — Shareholder Meeting (November 2020)
17 slides from Senetas's shareholder meeting presentation, Nov 20, 2020
Slide 1: 2020 Annual General Meeting – Chairman's Address and CEO Presentation
20 November 2020 The Manager, Listings ASX Limited Company Announcements Office Level 4 Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2020 Annual General Meeting – Chairman’s Address and CEO Presentation We attach a copy of the Chairman’s address and the CEO’s presentation to be de
Slide 2: Chairman's Address
SENETAS CORPORATION LIMITED AGM – 20 NOVEMBER 2020 CHAIRMAN’S ADDRESS The 2020 financial year saw some significant milestones for Senetas as we continued to build our platform for sustainable revenue growth. Senetas has been producing world leading ethernet layer hardware encryption devices for many
Slide 3: Chairman's Address: Votiro and Thales partnership
SENETAS CORPORATION LIMITED AGM – 20 NOVEMBER 2020 During the 2020 financial year Senetas also moved to a controlling stake in Votiro, the producer of patented content disarm and reconstruction technology solutions. Ransomware attacks are one of the greatest cyber security threats the world is facin
Slide 4: Chairman's Address: Outlook
SENETAS CORPORATION LIMITED AGM – 20 NOVEMBER 2020 Whilst we continue to remain somewhat cautious about the short term outlook in the current economic environment due to the impacts of COVID-19, the 2021 financial year has commenced strongly for the business and I remain very confident about Senetas
Slide 5: CEO Presentation
Senetas Corporation Limited CEO Presentation – Andrew Wilson 2020 Annual General Meeting – 20 November 2020 © 2018 Senetas Corporation Slide 1
Slide 6: FY2020 Group Highlights
FY2020 Group Highlights • Operating revenue of $22.6 million – up 6.1% on FY2019 − Group revenue includes $2.8 million of revenue from Votiro for the period after it became a controlled entity in November 2019 • Gross margins for the Group of 87% • Operating profit before tax for the underlying Sene
Slide 7: Key Financials
KEY FINANCIALS © 2018 Senetas Corporation Slide 3
Slide 8: FY2020 Key Financials
FY2020 Key Financials Full year ended 30 June 2020 ($000’s) FY2020* FY2019 Change Revenue from ordinary activities 22,605 21,313 6.1% Gross profit 19,641 16,692 17.7% Gross Margin % 87% 78% 8pts Other income 712 708 0.5% Share of loss of an associate* (1,234) (1,651) 25.2% Profit (loss) before tax (
Slide 9: Senetas Operating Segment Results
Senetas Operating Segment Results Full year ended 30 June 2020 ($000’s) FY2020 FY2019 Revenue from ordinary activities 19,790 21,313 Gross profit 16,950 16,692 Gross Margin % 86% 78% Other income 1,254 708 Profit (loss) before tax 3,269 320 Adjustments to calculate underlying Senetas segment net pro
Slide 10: Strong Group Balance Sheet With No Debt
Strong Group Balance Sheet With No Debt NET ASSETS $'000s CASH & CASH EQUIVALENTS $'000s 23,552 23,258 21,483 20,345 20,848 19,734 20,091 18,526 17,860 15,711 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Since FY2018 Senetas has returned $4.5 million to shareholders via dividend and capital pay
Slide 11: FY2020 Operational Update
FY2020 OPERATIONAL UPDATE © 2018 Senetas Corporation Slide 7
Slide 12: Senetas
Senetas • Continued growth in 100Gbps encryptor sales as more customers move to adopt 100Gbps network technology • FY2020 R&D priorities focussed on network independent encryption and a new European certification in order to open up new market opportunities in Europe • Network Independent Encryption
Slide 13: Votiro
Votiro • Established presence in the North American market & executed initial product sales • Strategic partnership and distribution agreement signed with Thales focusing on North American government agencies • Senetas increased its funding of Votiro via a loan of US$1m earlier in FY2021 • Growth ou
Slide 14: FY2021 Outlook
FY2021 OUTLOOK © 2018 Senetas Corporation Slide 10
Slide 15: FY2021 YTD
FY2021 YTD • YTD sales progress has been strong • Largest single order for 100Gbps encryptors announced in September • Good growth in EMEA region – particularly Middle East • All government approvals have been received for the new custom algorithm encryptors – first sales were shipped in October • F
Slide 16: COVID-19 Update
COVID-19 Update • Customer interest remains strong, but sales execution has been slowed as a result of disruption to the normal customer engagement process and product testing procedures – no supply chain issues have emerged to date • Sales lead times for Senetas products are long and sales to date
Slide 17: Thank You
Thank You © 2018 Senetas Corporation Slide 13