Slide 1: Spectur Business Update – Presentation
Spectur Business Update – Presentation ASX Announcement | 27 May 2024 Outdoor sensing, thinking and acting solutions and platforms company Spectur Limited (ASX: SP3) \ present the attached deck today (Monday 27th May 2024), available at the Spectur InvestorHub portal: https://investorhub.spectur.com
Slide 2: Spectur Limited (ASX:SP3) Entitlement offer and market update
Spectur Limited (ASX:SP3) Entitlement offer and market update, 27 May 2024 Presented on InvestorHub at https://investorhub.spectur.com.au/announcements
Slide 3: Disclaimer
Disclaimer This document has been prepared as a summary only and does not contain all information Although the Company believes that its expectations reflected in the forward-looking about Spectur Limited’s (the “Company’s”) assets and liabilities, financial position and statements are reasonable, s
Slide 4: Growing addressable market
Growing addressable market We live in a world with increasing safety concerns and sustainability issues, compounded by difficulties in finding the right people for critical roles. Spectur recognizes these trends and offers digital solutions to address the intersection of these challenges, making com
Slide 5: Profitable growth strategy
Profitable growth strategy Offerings VISION: Empowering safer, smarter and more sustainable communities Solutions • Security • Warning • Sustainability MISSION: Provide simple, economic solutions for remote, temporary or • Safety • Smart City • Environmental wireless locations using autonomous sensi
Slide 6: FY24 Performance
FY24 Performance Revenue and margin • Total FY24 revenue forecast to be circa $7.9m at 55% GM%1 • $5.3m of annualized recurring revenue at 65% GM%1 Operating cash and balance sheet • The Company has reduced operating cash use to $638k p.a. (in the last 12 months from Q4 FY23 to Q3 FY24). • Greater t
Slide 7: Strong sales and pipeline
Strong sales and pipeline “As at March 2024 Spectur had more than $12m of unweighted opportunities recorded in the Company CRM, each with a potential contract value greater than $500k, that were expected to be won, lost, closed or otherwise resolved within the next 12 months”1 Note: 1. Excerpt from
Slide 8: Strategic shifts and emphasis for FY25
Strategic shifts and emphasis for FY25 Sales and Marketing: • Selling and marketing integrated Spectur solutions to segments where we can lead. (margin/market dominance) • For commoditized solutions to core customers, we have Solarcam. (scale) Technology: • Double down on simplicity, reliability and
Slide 9: Market Guidance for FY25
Market Guidance for FY25 Observations • Growth in revenues consistent with sales trajectory • Upside could be higher pending conversion rate and timing of sales pipeline Note: 1. Revenue and EBITDA are consolidated 2. EBITDA is “adjusted EBITDA”, defined as earnings before interest, tax, depreciatio
Slide 10: Progression from FY24 to FY25
Progression from FY24 to FY25 Revenue progression Revenue progression 14 1.8 12 • Base growth of 11% in Revenue Revenue progress from 1.4 10 0.9 • Budget case adds 50% of project revenue from conversion of 3 FY24 ($m) 7.9 8 known potential projects in the current sales pipeline. 6 4 • High case adds
Slide 11: Valued below peers
Valued below peers Valuation is below the database for “tech hardware and equipment” companies under a $100m market cap.2 Market capitalisation / Annualised revenue 4.0 “We look to other surveillance technology companies of similar market capitalisation for Spectur’s peers. These include Elsight, 3.
Slide 12: The entitlements offer
The entitlements offer Follows a placement with existing shareholders of $250k to eliminate EGP Capital debt 1 share for every 5 shares owned at the record date, at a price of 2c per share Free attaching option priced at 2.9c for every share taken up in the offer, expiring on 30 May 2025. No brokera
Slide 13: Rationale for raising
Rationale for raising Fund committed restructuring costs largely related to acquisition integration. Working capital for pending larger orders. Reduce interest cost and remove the EGP debt from the balance sheet (placed). Potential small parcel share buyback. Costs of the offer.
Slide 14: Summary
Summary We will be a debt free, growing and nearly profitable technology stock, with an appropriately de-risked balance sheet, leaner operations and solid sales backlog and pipeline. Compelling and proven value proposition Undervalued relative to ASX peers Accelerating performance and sales growth u
Slide 15: Contact Us
Contact Us Investor enquiries Spectur Limited (ASX:SP3) Gerard D yso n MANAGING DIRECTOR investors@spectur.com.au