Namsys Inc. · TSXV:CTZ
Namsys — Shareholder Meeting (April 2022)
13 slides from Namsys's shareholder meeting presentation, Apr 29, 2022
Slide 1: NamSys Annual Meeting
NamSys Annual Meeting April 29th, 2022 11:00am Eastern time
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, stat
Slide 3: NamSys delivers technology to make cash processing more efficient
“NamSys delivers technology to make cash processing more efficient, helping cash remain competitive with electronic payments.”
Slide 4: Products
Products Retail Transportation Processing Cirreon Smart Safe Cirreon Cash-in-Transit (CIT) Currency Monitors smart safe and Tracks and optimizes the physical pickup and Controller recycler device in-store delivery of cash Processes and fulfills cash for stores, branches and ATMs
Slide 5: Security and certification
Security and certification • Zero security incidents • 99.98% uptime in 2021
Slide 6: Operations
Operations • Continuing to operate fully remote (terminated head office lease in Dec 2021) • Revenue up 5% ($4.98MM versus $4.75MM), 99% recurring • Income up 15% (Before tax $1.725MM versus $1.498MM) (excluding cost of termination of long-term bonus plan)) • Gross margin of 58% • $4.3MM in cash and
Slide 7: Historical revenue
Historical revenue 1400 1200 1000 800 600 400 200 0
Slide 8: Revenue
Revenue 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Q1-2019 Q2-2019 Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Cirreon Safe Currency Controller Cirreon CIT USD
Slide 9: Cannabis
Cannabis • Recreational cannabis is legal in 18 states • Medical use is legal in 37 states • Legal cannabis grew 30% to US$29 billion dollars in 2021 • Almost all legal cannabis sales are done in cash • Congress has been slow to enact reforms to allow cannabis- related businesses to be banked as leg
Slide 10: Exchange rate impact
USD/CAD exchange rate Exchange rate impact 1.45 1.4 • > 95% of revenue is 1.35 collected in US Dollars 1.3 1.25 • USD/CAD declined from 1.2 1.15 1.30 to 1.25 (TTM), some 1.1 recovery since June 2021 Jan-20 Jun-20 Jul-20 Jan-21 Jun-21 Jul-21 Jan-22 Mar-20 Mar-21 Dec-21 Mar-22 Nov-19 Dec-19 Feb-20 Nov
Slide 11: Impact of rising interest rates
Impact of rising interest rates Retail Transportation Processing Cirreon Smart Safe Cirreon Cash-in-Transit (CIT) Currency Controller • Accelerates credit • Helps deliver funds to the bank • Optimizes the amount of cash deposited or central bank same-day of cash in the vault to service lines of netw
Slide 12: Questions and answers
Questions and answers 1. Is there a certain cash balance (or % of market cap) that Namsys would start considering issuing a dividend? 2. Is the business outlook for Namsys' products improving as the pandemic restrictions ease? 3. Can you comment on the hiring of Milo? What were the driving factors f
Slide 13: Thank you for attending
f4namsys Thank you for attending Pel