Thorney Technologies Limited · ASX:TEK
Thorney Technologies — FY2023 Earnings Presentation
13 slides from Thorney Technologies's earnings presentation, Aug 29, 2023
Slide 1: Thorney Technologies Ltd FY2023 Results
For personal use only THORNEY TECHNOLOGIES LTD FY2023 Results August 2023
Slide 2: About TEK
For personal use only ABOUT TEK Thorney Technologies Ltd (TEK) has a broad mandate to invest in technology-related investments at all phases of the investment lifecycle. TEK seeks to identify listed and unlisted companies with new and disruptive technology and business models and invests in a broad
Slide 3: Investment Objectives
INVESTMENT OBJECTIVES For personal use only 01 02 Deploy investment capital Producing absolute into listed and unlisted returns for technology companies shareholders over the medium- to long-term Thorney Technologies Ltd FY2023 Results | August 2023 3
Slide 4: FY2023 Financial Results
FY2023 FINANCIAL RESULTS For personal use only Net loss after tax for the year $(25.5)m NTA per share (before tax) 26.1 cents Down 18% on FY2022 NTA per share (after tax) 30.7 cents Down 16% on FY2022 Thorney Technologies Ltd FY2023 Results | August 2023 4
Slide 5: Investments as at June 2023
PORTFOLIO INVESTMENTS AS AT 30 JUNE 2023 LISTED: TOP 5 INVESTMENTS30 JUNE 2022 For personal use only RANK COMPANY % OF PORTFOLIO 1 Calix Ltd 11.8 2 Avita Medical 6.6 3 Clarity Pharmaceuticals 2.2 4 Credit Clear 2.1 5 DUG Technology 2.1 UNLISTED: TOP 5 INVESTMENTS30 JUNE 2022 RANK COMPANY % OF PORTFO
Slide 6: Market Performance
MARKET PERFORMANCE For personal use only TEK NTA VS. S&P SMALL ORDINARIES ACCUM. INDEX 12 MONTHS TO 30 JUNE 2023 60.0 10,000 55.0 9,500 50.0 9,000 45.0 8,500 40.0 8,000 35.0 7,500 30.0 25.0 7,000 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 TEK NTA (after tax +
Slide 7: Performance
PORTFOLIO PERFORMANCE For personal use only Despite a fall over FY2023, the TEK investment portfolio has gained 7.3% since inception on an after-tax basis, outperforming the S&P Small Ordinaries Accumulation Index by 1.1%. The decline in the NTA over the period was largely due to continued market vo
Slide 8: Snapshot (1/3)
PORTFOLIO SNAPSHOT (1/3) For personal use only Calix Ltd (CXL.ASX) • CXL continued to accelerate the commercialisation of its environmental technologies in FY2023, securing a joint venture agreement with Pilbara Minerals Limited (PLS.ASX) for the development of a demonstration plant to produce lithi
Slide 9: Snapshot (2/3)
PORTFOLIO SNAPSHOT (2/3) For personal use only Avita Medical inc (AVH.ASX) • AVH achieved a number of milestones in FY2023 for its innovative spray-on skin cell repair device - the RECELL System - including FDA approval for its premarket approval (PMA) supplement for the use of RECELL to treat full-
Slide 10: Snapshot (3/3)
PORTFOLIO SNAPSHOT (3/3) For personal use only Credit Clear Ltd (CCR.ASX) • CCR enjoyed a strong sales pipeline and several new client wins in FY2023 with the Company successful in winning several marquee clients across each of its industry sector verticals (Insurance, Commercial, Consumer and Gover
Slide 11: Outlook
OUTLOOK For personal use only We are encouraged by both the M&A activity in the sector and the recent bounce back by large-cap technology stocks which we believe will eventually flow through to the small-cap and mid-cap companies in the sector. However, technology stocks continue to be under pressur
Slide 12: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by Thorney Technologies Ltd “TEK” and does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or Neither TEK nor any other person accepts any liability
Slide 13: Contact
For personal use only CONTACT Corporate Investors Craig Smith, Company Secretary Gabriella Hold, Automic Group E: craig.smith@thorney.com.au E: gabriella.hold@automicgroup.com.au T: + 61 3 9921 7116 T: + 61 411 364 382 Thorney Technologies Ltd FY2023 Results | August 2023 13