Intelligent Monitoring Group Limited · ASX:IMB
Intelligent Monitoring — Investor Presentation (May 2022)
39 slides from Intelligent Monitoring's investor presentation, May 20, 2022
Slide 1: Capital Raising Presentation
ASX: IMB Melbourne designed and built, Capital Raising monitored smart cameras, replacing Presentation traditional alarm systems for an May 20, 2022 All Australian Security Solution. 1
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Intelligent Monitoring Group Limited (ACN 060 774 227) (the Company). It contains general information about the Company and its subsidiaries (Group) and the Group’s business as at the date of this presentation, and the proposed offer of New
Slide 3: Executive Summary
Executive Summary ▪ Mammoth is an Australian designer and manufacturer of IOT (Internet of things) connected security products, providing innovative security solutions to retail and 1 wholesale customers and businesses under the brands Monkey Vision, Simple by Monkey Vision, Mammoth Security & Intel
Slide 4: Intelligent Monitoring Group
Intelligent Monitoring Group 4 4
Slide 5: IMG Overview
IMG Overview Australia’s largest independent security monitoring provider with >70,000 connections ◼ Intelligent Monitoring Group (“IMG”) provides monitored security and IOT solutions that ensure the safety and protection of Australian businesses, homes and individuals 24 hours a day, 365 days a yea
Slide 6: About Intelligent Monitoring Group
About Intelligent Monitoring Group >70,000 700+ 95% Australia’s largest independent security Working alongside Revenue is subscription based with diversified “sticky” monitoring provider with connections, resellers across Australia customer base across government, commercial, focused on wholesale di
Slide 7: Business Overview
Business Overview Provider of Wholesale and Direct Security Monitoring Services Connection Type ◼ IMG provides Security Monitoring Services through the following categories: 1) Wholesale Monitoring ▪ Customer pays third party service provider (reseller) responsible for Direct 32% ongoing sales, inst
Slide 8: Growth Model
Growth Model Attractive Incremental Economics ▪ Incremental Gross Margin of approx. 80% ▪ Additional operating staffing required for every +5,000 lines/devices Organic New platform will Attract Conversion ▪ Target EBITDA Margin >30% by 2025 enable leading service New Wholesale Lines and customer Who
Slide 9: FY22 Key Milestones
FY22 Key Milestones IMG has made significant progress in FY22 as it continues to pursue growth opportunities Approved a significant Continued organic Repositioned to Approved a investment to enhance growth IMG’s strategy capitalise on significant core monitoring platform Through significant recent c
Slide 10: Mammoth Technology Group
Mammoth Technology Group 10 10
Slide 11: Introduction to Mammoth Technology Group
Introduction to Mammoth Technology Group Established in 2018 Mammoth is an Australian designer and manufacturer of IOT (Internet of things) connected security products, providing innovative security solutions to retail and wholesale customers. Its products include as 4G, Wi-Fi and industrial grade H
Slide 12: An Australian Customer Network and Partnerships
An Australian Customer Network and Partnerships Some of our Customers and Partners 12
Slide 13: Customer Example - AGUSHI
Customer Example - AGUSHI Strong branding presence built on the work site 13
Slide 14: Pro Series Industrial Grade Product Range
Pro Series Industrial Grade Product Range 4G, WiFi & POE Cameras Sold To Direct Customers & Security Installers ◼ Vertically integrated supply chain ◼ Plug & Play intuitive App AUSSIE BUILT ◼ Australian Designed, Supported & Built (some models) ◼ Unique eco-system allows multiple camera types and lo
Slide 15: Consumer Self Install (DIY) Battery Powered WiFi Product Range
Consumer Self Install (DIY) Battery Powered WiFi Product Range Huge Category Growth Potential ◼ The fastest growing camera segment is DIY, expected to grow by 80% to 20241 ◼ Competitive pricing & packed with best in class features ◼ Australian designed & supported ◼ Focussed on licensed opportunitie
Slide 16: Customer Solutions & Installation for Smart Living
Customer Solutions & Installation for Smart Living The connected home – Australian factory built alarm systems ◼ We have curated an experience where the customer walks into their new home with a fully integrated, ready to go smart- property system ◼ A luxury hotel check in experience backed by impec
Slide 17: Safety, Security & Governance
Safety, Security & Governance Facial Recognition, Staff & Visitor Management Systems For A New Covid World ◼ Australian designed & supported software with Australian voice commands ◼ Approximately 275 Monkey Mometer systems have been installed across major builders, factories & offices ◼ IMG’s 700 +
Slide 18: Acquisition and Combined Business
Acquisition and Combined Business 19 19
Slide 19: Summary of Mammoth acquisition
Summary of Mammoth acquisition ▪ IMG has entered into an agreement to acquire all of the shares in Mammoth Technology Group (Mammoth) for $4m in upfront consideration ▪ Upfront consideration is comprised of $2 million in cash and $2 million in IMG shares (being 8,000,000 IMG shares at an issue price
Slide 20: IMG and Mammoth Technology Acquisition Rationale
IMG and Mammoth Technology Acquisition Rationale Brands & products that create stronger connections with IMG’s customer base through an integrated solution to security requirements Opportunity to challenge and disrupt a fragmented and conservative industry with innovative, high quality, next generat
Slide 21: Case Study Example
Case Study Example Big Box Retail Store – Direct Business CCTV, Alarm & Access Control 1. Mammoth and IMG have worked collaboratively to win a contract with a big box retail store customer who has over 200 stores across Australia 2. Demonstrates the ability to jointly sell products to generate compl
Slide 22: Integrated Mammoth / IMG solution
Integrated Mammoth / IMG solution Integrated Solution ✓ ✓ ✓ ✖ ✖ ✖ CCTV Manufacturer ✓ ✖ ✖ ✖ ✖ ✖ Installation ✓ ✓ ✓ ✓ ✓ ✓ 24/7 Monitoring ✓ ✓ ✓ ✖ ✓ ✓ Australian Built ✓ ✖ ✖ ✖ ✖ ✖ Product Source: Company Analysis 23
Slide 23: Market Opportunities For Combined Business
Market Opportunities For Combined Business Significant Growing product camera & market Lower cost to entry and Easy access of product 70,000+ customers that 700+ security partners customer and customer need 2+ growth over infiltration of security already have monitored years of operating cameras sec
Slide 24: Refreshed Board and Executive Team
Refreshed Board and Executive Team Committed & Aligned Executive Management Team & Board Dennison Hambling Peter Kennan Dimitri Bacopanos Rob Hilton Managing Director Non-Executive Chairman Non-Executive Director Executive Director • Joined Jan 2020, Executive • Joined Jan 2020, Chairman • Joined 20
Slide 25: Financial Overview
Financial Overview Strong margins and addition of value ▪ Intelligent Monitoring is guiding to $3.4m of reported EBITDA in P&L Summary FY22. FY22 Proforma ▪ Benefits from previous acquisitions and strategic initiatives have Guidance FY22 been deferred approximately 3-6 months, for the following Reve
Slide 26: Pro-forma Balance Sheet
Pro-forma Balance Sheet Stable financial position to pursue identified growth opportunities June-22 Balance Sheet Dec-21 Pro-Forma ▪ Strong $8.1m cash balance to capitalise on value accretive acquisitions Cash and equivalents $m 6.3 8.1 ▪ Ongoing discussions to refinance debt on beneficial interest
Slide 27: Capital Structure
Capital Structure Pro-Forma Capital Structure April-22 FY22 Share price $/share 0.20 0.15 $10.0 million equity raise via rights issue Market Capitalisation $m 13.3 21.2 @ $0.15 per share Cash $m 5.6 8.1 Debt $m 27.3 27.3 Net Debt $m 21.7 19.2 Enterprise Value $m 35.0 40.4 P/E x 12.1 7.0 Gearing (Gro
Slide 28: Equity Raising
INTELLIGENTS, Equity Raising
Slide 29: Equity Raising Overview
Equity Raising Overview Equity Raising of approximately $10 million via an Accelerated Non-Renounceable Entitlement Offer ▪ Approximately $10 million via an accelerated non-renounceable entitlement offer of 1 Share for every 1 Share held by those Eligible Offer Size and Structure Shareholders regist
Slide 30: Equity Raising Timetable
Equity Raising Timetable Event Date IMG enters trading halt Pre-trading on Friday, 20 May 2022 Announcement of Entitlement Offer, lodge Appendix 3B with ASX, lodge rights issue cleansing notice with ASX Friday, 20 May 2022 Company conducts Institutional Entitlement Offer Friday, 20 May 2022 – Tuesda
Slide 31: Questions?
Questions? Dennison Hambling Rob Hilton Managing Director Executive Director (Incoming) Intelligent Monitoring Group Intelligent Monitoring Group (ASX:IMB) (ASX:IMB) Founder and CEO Mammoth Technology Group Pty Ltd 32
Slide 32: Appendix A - Key Risks
Appendix A - Key Risks This section discloses some of the key risks attaching to an investment in Intelligent Monitoring Group Limited (IMB or Company). Before investing or increasing your investment in IMB, you should consider whether this investment is suitable for you having regard to publicly av
Slide 33: Appendix A - Key Risks
Appendix A - Key Risks Company specific There are risks involved in integrating the businesses of Mammoth and AIS into the existing Company group. These risks may relate to imposing IMB’s standardised reporting, systems and procedures onto the acquired business and the use of centralised technology,
Slide 34: Appendix A - Key Risks
Appendix A - Key Risks Company specific The Company’s 2021 annual report released to ASX on 31 August 2021 (Financial Report) includes a note on the financial condition of the Company and the possible existence of a material uncertainty about the Company’s ability to continue as a going concern. A s
Slide 35: Appendix A - Key Risks
Appendix A - Key Risks Industry specific As with most businesses, the Company runs risk from a loss of clients. As is common in the industry, the Company typically enjoys long customer relationships, and it has a diverse spread of customers. However, as with other industries, technology advancements
Slide 36: Appendix A - Key Risks
Appendix A - Key Risks Industry The Company collects, transmits and stores commercial and financial information. Advances in computer capabilities, increasingly sophisticated tools and methods used by hackers and cyber terrorists, new discoveries in the field of cryptography or other developments ma
Slide 37: Appendix A - Key Risks
Appendix A - Key Risks Industry The Company uses its best endeavours to ensure compliance with the relevant state security legislation and also maintains a Grading of A1 – Licence Risks Australian Standard 2201.2 A failure by the Company to maintain its licenses at this, or any, standard going forwa
Slide 38: Appendix A - Key Risks
Appendix A - Key Risks General General economic conditions, movements in interest and inflation rates and currency exchange rates may have an adverse effect on the Company’s Economic activities, as well as on its ability to fund those activities. Share market conditions may affect the value of the C
Slide 39: Appendix B - International Offer Restrictions
Appendix B- International Offer Restrictions United States of America This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. This document may not be distributed or released in the United States. The securities in the proposed offer
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