Ambertech Limited · ASX:AMO
Ambertech — H1 FY2024 Earnings Presentation
16 slides from Ambertech's earnings presentation, Feb 22, 2024
Slide 1: Half Year Results Presentation December 2023
Half Year Results Presentation December 2023 ASX:AMO 22 February 2024
Slide 2: A leading value-added distributor of high-technology audio visual, broadcast and communications solutions
A leading value-added distributor of high-technology audio visual, broadcast and communications solutions INTEGRATED SOLUTIONS PROFESSIONAL RETAIL Media Systems Home Entertainment Commercial Installations Supply, installation and support of Exclusive brand representation in areas A range of exclusiv
Slide 3: H1 2024 Highlights
H1 2024 Highlights $50.9m $3.6m $1.6m $1.7c Revenue EBITDA NPAT EPS up 25.6% on pcp 1.2c Organic $8m1 Strong Business growth Headroom to Dividend per Working capital driven by existing pursuit further share position agencies M&A 1. After Net Debt of $5.8 million as at 31 December 2023
Slide 4: FY24 strategic updates and priorities
FY24 strategic updates and priorities Business Growth of M&A Brand development 1St Half Operational development Australian Monitor Highlights investment • Continued • Leveraged • Proven track record • Significant growth • Implementation of investment in established of M&A with potential with new AP
Slide 5: Momentum continues with further wins
Momentum continues with further wins Project Wins and agency gains Integrated Solutions Professional Major Retail • Expansion into • Contract for the supply of $3m worth building automation of SSL consoles delivered in H1 and lighting control FY2024 systems. • Ongoing contribution of the Network Ten
Slide 6: Diversified brand portfolio drives competitive advantage
Diversified brand portfolio drives competitive advantage Ambertech is well-positioned to capitalise across differentiating segments as a complete supplier, leveraging our full-service distribution model Suppliers are Dealer Competitors Ambertech is expanding networks are don’t traverse uniquely acro
Slide 7: Continued focus on growth via brand development
Continued focus on growth via brand development Ambertech’s strong reputation is Expansion into aligned verticals attracting market leading brands to becoming realistic with new suppliers seek representation recognising our business expertise and market reputation Current brand portfolio consists of
Slide 8: Increasing scale with a disciplined acquisition strategy
Increasing scale with a disciplined acquisition strategy Adding further scale in a sustainable manner by targeting opportunities, which: • Increase market share and footprint in current markets • Enhance value proposition and cater to evolving customer needs • Gain technological competence and owned
Slide 9: Own brand development and expansion
Own brand development and expansion Developing AMO owned Australian Monitor Brand for new export markets: • Engineered in Australia, Australian Monitor is a leader in commercial AV amplifiers and speakers • Currently over 90% of sales are domestic • Significant opportunity to leverage international
Slide 10: Strong project contributions underpinned earnings
Strong project contributions underpinned earnings Revenue ($m) 50.9 • 25.7% increase in revenue, totalling $50.9 40.8 38.3 million for the half • Significant project deliveries in the half, underpinned profitability • Strong improvement in EBITDA with an 1HFY22 1HFY23 1HFY24 80% increase on pcp to $
Slide 11: H1 FY24 Financial snapshot
H1 FY24 Financial snapshot (A$m) H1 FY24 H1 FY23 (A$m) H1 FY24 FY23 Revenue 50.9 40.5 Current Assets 42.4 42.9 Cost of Goods 33.9 26.4 Current Liabilities 21.6 23.2 Working Capital 20.8 19.7 Gross Profit 17.0 14.1 Adjusted Working Capital (excluding cash) 19.2 18.1 GP Margin (%) 33.3 34.8 Non-Curren
Slide 12: Revenue growth across the business
Revenue growth across the business Revenue growth ($m) 0.5 0.7 9.2 50.9 40.5 1HFY23 Integrated solutions Professional Major retail 1HFY24 12
Slide 13: FY24 updates and outlook
FY24 updates and outlook Continuing to execute on our expansion objectives • First half included completion of multiple project milestones. • Second half has begun well with an ongoing focus on strategic growth, margin improvement and EBIT/Sales % • Dealer based business continues to grow despite on
Slide 14: Appendices
+) Ambertech LiMiTED: Appendices
Slide 15: Capital Structure
Capital Structure Capital Structure Substantial Shareholders % Share price (20 February 2024) $0.255 Appwam Pty Limited 30.7% 52-week range $0.20/$0.295 Wavelink Systems 7.8% Shares on Issue 95.2M Amos Super Fund 5.6% Options on Issue 3.5M Greig & Harrison 5.5% Market capitalisation $24.3M Sub-total
Slide 16: Important Notice and Disclaimer
Important Notice and Disclaimer The material contained in this presentation has This presentation may contain forward looking To the extent permitted by law, no responsibility been prepared by Ambertech Limited (“AMO”) statements with respect to the operations and for any loss arising in any way (in