Infotrust Ltd · ASX:ITS
Infotrust — Investor Presentation (April 2020)
21 slides from Infotrust's investor presentation, Apr 15, 2020
Slide 1: Spirit Telecom Limited Capital Raising Presentation
Spirit Telecom Limited (ASX:ST1) Spirit delivers high speed Internet & Managed IT services to support Australian SMB’s & Essential industries. Capital Raising Presentation 15 April 2020
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination and consult th
Slide 3: Executive Summary
Draft Executive Summary • Placement to sophisticated and professional investors of 83.3 million shares at $0.11 per share to raise approximately $9.2 million • Tranche 1: Unconditional placement of 78.8m shares to raise approximately $8.7m Capital Raising • Tranche 2: Conditional placement of 4.5m s
Slide 4: Spirit Update
Spirit Update 8 April 2020 © Spirit Telecom Limited
Slide 5: Business Overview
Business Overview Spirit X Spirit Internet & IT Trident Technology Solutions Current Revenue Run Rate : approx. $60M • A leading B2B Internet / Telco marketplace and • High-speed Internet & Managed IT Services • Managed IT Services aggregator • Product bundles • Complex IT Solutions • +100,000 addre
Slide 6: Defensive Portfolio with Upside during COVID-19
Defensive Portfolio with Upside during COVID-19 Revenue Mix by Revenue Type B2B Revenue Mix by Key Sector Non-recurring : BUSINESS: 37% $5.8m, 26% SCHOOLS/EDU: Recurring : 47% $16.8m, 74% Health: 17% Recurring Non-recurring EDU HEALTH Other Revenue Mix: B2B revenue analysis by key industry segments:
Slide 7: Growth Strategy Update
Growth Strategy Update • BAU revenue run-rate> $60M plus • Business units & leadership team established • Spirit X platform provides for unlimited growth in organic sales across 100,000 addresses Organic 2020-21 ST1 target M&A 1. Launch Trident IT Solutions products 1. Build scale via organic + M&A
Slide 8: M&A Strategy Update
M&A Strategy Update • Spirit is quickly becoming a leading provider of high speed Internet & IT / MSP services to SMB’s and essential industries such as Hospitals, Schools, Aged Care and Government • Over the last 12 months Spirit has completed and successfully integrated 6 acquisitions in the Telco
Slide 9: Forward Outlook Growth H2 & FY21
Forward Outlook Growth H2 & FY21 Financial & Strategic: scale & grow B2B revenues to $80 million revenue run-rate by end CY2020 • Scale via M&A + Organic growth through Spirit X platform to $80 million run-rate by end CY2020 Scale • Continue to scale Spirit to achieve cash flow positive position (af
Slide 10: Details of the Offer
Details of the Offer 8 April 2020 © Spirit Telecom Limited
Slide 11: Details of the Offer
Draft Details of the Offer • Placement to sophisticated and professional investors of 83.3 million shares at $0.11 per share to raise approximately $9.2 million • Tranche 1: Unconditional placement of 78.8m shares to raise approximately $8.7m Structure • Tranche 2: Conditional placement of 4.5m shar
Slide 12: Timetable
Draft Timetable Indicative Placement timetable Date Trading Halt lifted and Placement announcement 9:00am Wednesday, 15 April 2020 Unconditional Settlement (New Shares under the Offer) Friday, 17 April 2020 Allotment and Issue of New Shares under the Offer Monday, 20 April 2020 Normal trading commen
Slide 13: Appendix A: 1H FY20 Results
Appendix A : 1H FY20 Results 8 April 2020 © Spirit Telecom Limited
Slide 14: Total Revenue Growth
Total Revenue Growth $12.3m $12.0m Total Revenue* up at $12.3M: +51% +33% • Total revenue growth up 33% to $12.3M on $10.0m $9.2m previous half and up 51% to H1 19. $8.1m $8.1m $8.2m $8.0m • B2B growth to $9.5m, up 77% on H1 19 achieved through both acquisition and cross selling products. $6.0m • Ma
Slide 15: Gross Profit Growth
Gross Profit Growth $10.0m $8.9m Gross Profit up at $8.9M: $8.0m • Gross profit growth up 30% to $8.9M on previous +51% +30% half and up 51% to H1 19. $6.9m $5.9m • Gross profit margin at 72% even with new MSP $6.0m $5.7m $5.4 m product mix flowing though the business. $4.0m $2.0m $0.0m H118 H218 H1
Slide 16: Underlying EBITDA Growth
Underlying EBITDA Growth $2.00m Underlying EBITDA up at $1.61M: +343% $1.60 m $1.61m • Underlying EBITDA growth up 27% to $1.61M $1.50m on previous half and up 343% to H1 19. $1.4 0 m +27% $1.27m • Revenue growth, margin stability and stringent control of cost base during M&A integration delivering
Slide 17: B2B Total Contract Value (TCV)
B2B Total Contract Value (TCV) $9.8m TCV uplift to $7.1m excluding pending $10.0m installations: $2.7m Pending Installation • B2B TCV* for the half up 32% on previous half $8.0m and 83% on H1 19. $7.1m • Total Data & IT services including pending +83% +32% $6.0m installations for H1 20 up to $9.8M (
Slide 18: Operating Cash and Capex
Operating Cash and Capex $10.0m 25% $1.9m Operating Cash at $1.6M, +300% on H1 19. $1.8m Capex* movements across quarters through network 22% 22% $1.6m integration and upgrades: $8.0m 20 % $1.5m • Capex ratio to revenue is 19% for the half reflecting 18% 18% 19% lower capex cost** and revenue growth
Slide 19: Appendix B: Trident and Neptune
Appendix B : Trident and Neptune 8 April 2020 © Spirit Telecom Limited
Slide 20: Acquisition of Trident and Neptune
Draft Acquisition of Trident and Neptune Refer to ASX Announcement 18 February 2020 for additional information Highlights and key terms of the Trident & Neptune Group acquisition: • Trident and Neptune generate combined FY19 revenues of $34M. • Management estimated EBITDA, including synergies of app
Slide 21: © Spirit Telecom Limited
© Spirit Telecom Limited