Swoop Holdings Limited · ASX:SWP
Swoop — FY2021 Earnings Presentation
17 slides from Swoop's earnings presentation, Aug 26, 2021
Slide 1: FY21 Financial and Operational Results
FY21 Financial and Operational Results FY21 Investor Briefing 26 August 2021 STRICTLY PRIVATE AND CONFIDENTIAL 1
Slide 2: FY21 Highlights
FY21 Highlights FY21 Pro Forma 27th May successfully Listed on ASX via reverse listing with accounting treatment as Swoop acquired Stemify & Node1 from 20th May Revenue +104% Raised $20m for organic and acquisition growth FY21 Underlying Strong Balance Sheet and No Bank Debt EBITDA +165% Assembled S
Slide 3: FY21 Underlying Pro Forma Results
FY21 Underlying Pro Forma Results [2] [1] 104% Pro Forma revenue growth Only minor contribution from announced acquisitions in FY21 revenue Percentage of On Net services increased resulting in 54% Gross Margin Revenue(1) Gross Margin EBITDA(2) % GM $16.8m $30.9m 54% $4.9m $1.8m $15.2m $7.7m 51% REVE
Slide 4: Statutory & Pro Forma Results
FY21 Statutory & Pro Forma Results [1] [2] Statutory Results ($000) FY20 FY21 Pro Forma Results ($000) FY20 FY21 Change Statutory Revenue $9,224 $22,419 Statutory Revenue $9,224 $22,419 Gross Margin $6,379 $9,575 Add Pro Forma Full Year Node1 $5,929 $8,463 Underlying EBITDA $1,209 $2,155 Proforma Re
Slide 5: SIO Growth
FY21 SIO Growth 24% growth in SIOs from FY20 to FY21 Residential SIOs 23,611 Strong organic growth into FY22 from new regions 18,601 27% Strong momentum with June record residential sales month FY20 FY21 Services In Operation Business 4,027 Revenue Mix 30,723 3,455 17% Residential Wholesale 48% 42%
Slide 6: Infrastructure Expansion
FY21 Infrastructure Expansion Increased the coverage and number of towers in FY21 Significant increase in on net services driving improved margins One of Australia's largest fixed wireless network Towers VIC 97 WA 97 On-Net SIO % FY21 On Net SIOs Towers NSW/ACT 79 46% 390 46% On Net SA 65 259 30% QL
Slide 7: Four Pillars of Growth
Four Pillars of Growth Fixed Wireless Business Residential Wholesale (Infrastructure) Leverage & Expand Resell NBN Enterprise & Retail NBN Internet Infrastructure Assets & Existing Infrastructure Value add products Products NBN resale Assets Regional & National Coverage National Coverage Regional &
Slide 8: Experienced Team – Done it before
Experienced Team – Done it before James Spenceley Anthony (Tony) Grist Matthew Hollis Alex West John Phillips Non-Executive Chairman Non-Executive Deputy Chairman Executive Director Group Chief Executive Officer Chief Financial Officer Previously founder & CEO of Vocus Previously co-founder and Chai
Slide 9: Experienced Team – Done it before (cont)
Experienced Team – Done it before (cont) Richard Whiting Tom Berryman Julian Breen Simon Robson Louise Bolger Chief Executive - NodeOne Chief Technology Officer Chief Integration Officer General Counsel Chief Operating Officer Prior to NodeOne Richard held executive Founder and Chairman of Anycast N
Slide 10: FY22 Revenue and EBITDA Guidance
FY22 Revenue and EBITDA Guidance Revenue Guidance EBITDA Guidance >$40m $10.0m $30.9m $4.9m $15.2m $1.8m FY20 (PFA) FY21 (PFA) FY22 (F) FY20 (PFA) FY21 (PFA) FY22 (F) Predominantly recurring revenue with some contribution from projects and regional grants Full year contribution from announced acquis
Slide 11: FY22 Capex
FY22 Capex Forecast FY22 Capex in line with prior year Capex Forecast $6.5m Made up of 72% Growth Capex to deliver new revenues $6.4m focused on: Towers New Regions Speed and product improvements Connecting Customers FY21 (PFA) FY22 (F) REVENUE 11
Slide 12: Acquisitions
Acquisitions Significant larger acquisition opportunity set post listing Majority of vendors are looking for predominantly scrip-based transactions and interested to join the Swoop journey Progressing acquisition debt facility Current pipeline valuations are materially EV/EBITDA accretive Hired expe
Slide 13: FY22 Summary
FY22 Summary Organic revenue growth in FY22 Acquire complementary businesses Expand infrastructure in regional across our key 4 growth areas areas with low speed alternatives Will continue to expand our Scale & Acquisition Synergies Build the next large scale National network to operate more beginni
Slide 14: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation dated 26 August 2021 has been prepared by and is being issued by Swoop Holdings Limited ACN 009 take any responsibility or duty to update or maintain these forward looking statements to reflect any change in expectations 256 535 (ASX: SWP) (Company or
Slide 15: Appendix
Appendix 15
Slide 16: FY21 Consolidated Preliminary Financial Results
FY21 Consolidated Preliminary Financial Results Consolidated profit and loss ($000) FY2021 FY2020 Consolidated Cash Flow ($000) FY2021 FY2020 Receipts from customers 23,309 10,565 Revenue Government grants 1,980 0 Sales 22,420 9,224 Payments to suppliers and employees (24,253) (8,666) Other income 6
Slide 17: FY21 Consolidated Preliminary Financial Position
FY21 Consolidated Preliminary Financial Position Balance Sheet (as at 30 June 2021) FY2021 FY2020 Current Assets Cash and cash equivalents 17,498 2,627 • The facing table shows the consolidated preliminary statement of Trade and other receivables Inventories 3,379 1,698 1,134 151 financial position