Sensen Networks Ltd. · ASX:SNS
Sensen Networks — Shareholder Meeting (November 2023)
21 slides from Sensen Networks's shareholder meeting presentation, Nov 28, 2023
Slide 1: Annual General Meeting
SenSen Networks Ltd. | ASX:SNS Annual General Meeting 28 November 2023
Slide 2: Introduction
Introduction • Targeting Cash Flow positivity in FY24 • Continue strong momentum in Australian market • Focus on North American Growth – Key to Shareholder returns • Live Awareness: A globally significant AI platform 2
Slide 3: SenSen Revenue by Region
SenSen Revenue by Region REVENUE SPLIT BY REGION SENSEN GLOBAL FOOTPRINT FY23 North America 22% 63% 15% Australia Asia SENSEN REVENUE GROWTH Leading revenue generating solutions $12,000,000 Enforcement Solutions Surveillance & Loss Prevention Solutions $10,000,000 • SenFORCE • SenTRACK $8,000,000 •
Slide 4: SenSen Technology – Live (Real-Time) Awareness AI – Smart Cities
SenSen Technology – Live (Real-Time) Awareness AI – Smart Cities North America Australia Las Vegas Brisbane Chicago Logan TRAFFIC Ipswich AI ON Vancouver Gold Coast WHEELS Abbotsford Cairns AI ON Calgary AI ON Tweed Heads SOLAR Toronto SMART Sunshine Coast Ottawa Noosa PHONES Banff Toowoomba Kitchen
Slide 5: SenSen Technology – Live (Real-Time) Awareness AI – Other Applications
SenSen Technology – Live (Real-Time) Awareness AI – Other Applications Airports/ Fuel Stations Sea Ports Universities • Fuel Theft Prevention • Speed, Distracted Driving, • Safety around • Left Object Detection • Efficient Incident Heavy Vehicle Lashing and Review using Multi- • Debt Recovery • Cong
Slide 6: FY23 Financial Highlights
FY23 Financial Highlights During FY23 the company transitioned to a mature operational model… • Record revenues of $10.8m, up 18% YoY • Gross margin improved to 69%, up 7% YoY • Record customer cash receipts of $11.2m, up 25% YoY • Loss after tax of $7.4m, down 39% YoY • EBITDA loss of $5.5m, down 4
Slide 7: Q1 FY24 Financial Update
Q1 FY24 Financial Update Q UA RT E RLY CUSTO ME R CA SH RECE I PT S $3,715,731 $3,292,575 $3,062,347 Current Quarter HIGHLIGHTS FOR Q1 FY24 $2,775,228 Record Cash $2,602,131 $2,588,550 Inflow • Record PCP Q1 Cash receipts of $3.0m, a 14% increase on $1,872,424 $1,714,827 $1,623,000 $1,523,490 Q1 FY2
Slide 8: Costs by line item over time
Costs by line item over time Operating Costs (excl SBP and D&A) $9,000,000 COST EFFICIENCY ACHIEVED Opex & Staff count $8,000,000 getting closer to pre- covid levels while • Through internal reorganisation and $7,000,000 revenues are up Pre-covid Other refinement, the company has been able to 300% A
Slide 9: FY24 & Beyond Outlook
FY24 & Beyond Outlook SenSen Profitability vs Revenue A Transition to Profitability $15,000,000 250 SenSen’s transition to cash flow positivity and profitability $10,000,000 200 thereafter is supported by the fact that approximately 40% of the company’s expenditure on R&D is reimbursed via an annual
Slide 10: Life-Time Value of Our Customers
Life-Time Value of Our Customers GAINING A FOOTHOLD Significant customer revenue over time • SenSen customers have for many years seen $4,500,000 the value of SenSen technology. • Once through the initial barrier to entry of $4,000,000 hardware investment and cultural change, SenSen’s customers have
Slide 11: Non-Renounceable Entitlement Offer & NHVR contract
Non-Renounceable Entitlement Offer & NHVR contract KEY POINTS OF ENTITLEMENT OFFER NHVR CONTRACT • An underwritten 1 for 13 pro-rata non-renounceable On 22 November 2023, SenSen executed a highly significant contract with the Entitlement Offer launched to raise approximately $2.09 NHVR. The project
Slide 12: NHVR Solution
NHVR Solution verrrr
Slide 13: NHVR Contract Win Summary
NHVR Contract Win Summary Current System Used 2 Current System Used 2 New Systems Ordered 5 New Systems Ordered 22 NHVR Tender won, and contract executed for provision of Mobile and Rapidly deployable Future Potential 1 Future Potential 18 Additional Units Additional Units Automatic Number Plate Rec
Slide 14: New orders for smart city solutions – July to Nov 2023
New orders for smart city solutions – July to Nov 2023 CURB MESSAGING DYNAMIC CURB ENFORCEMENT E-INK SIGNS New Orders for products shown for dynamic curb management received from multiple smart city customers in FY24 (1st Jul 23 to 27th Nov 23) SenPIC Solution CURB MONITORING WITH SenPIC CURB ASSET
Slide 15: Angel Dispute Settlement
Angel Dispute Settlement ANGEL DISPUTE SETTLEMENT GAMING BUSINESS CONTRIBUTION • SenSen announced that the Federal Court of Australia and the FULL YEAR FY23 & Q1 FY24 Republic of the Philippines Regional Trial Court proceedings FY23 Q1 FY24 commenced by Angel Group Co., Ltd and its related companies
Slide 16: North American opportunity - $100m Smart Grants Program
North American opportunity - $100m Smart Grants Program Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program The Bipartisan Infrastructure Law (BIL) established the Strengthening Mobility and Revolutionizing Transportation (SMART) discretionary grant program with $100 mil
Slide 17: Rapidly growing the market through partners
Rapidly growing the market through partners The Relationship with Gtechna provides a blueprint for how SenSen can quickly gain a presence in local government… North American cities added through a channel partner in the USA • Toronto, ON • Ottawa, ON • Macon, GA • Kitchener, ON • Banff, AB • Whitby,
Slide 18: Risk Mitigation
Risk Mitigation Throughout FY23 and into FY24 the key executive focus was on risk mitigation across the board. The following risks were identified and mitigated. Risks Mitigation Comments Patent infringement Claims by Out of court settlement A non-settlement would have resulted in further litigation
Slide 19: Corporate Structure & Governance
Corporate Structure & Governance As the business matures it is necessary to strengthen Board Governance. The following is our Plan to strengthen the board Independent Chair Proposed new role Executive Executive Non-Executive Independent Director and Director and Director Director CEO COO Subhash Cha
Slide 20: Disclaimer
Disclaimer Important Notice & Disclaimer SenSen - Disclaimer for AGM Presentation This presentation (Presentation) has been prepared by SenSen Networks Limited (SenSen) for its 2023 Annual General Meeting. Summary information - This Presentation contains summary information about SenSen and its acti
Slide 21: www.sensen.ai | sales@sensen.ai
www.sensen.ai | sales@sensen.ai Unit 2, 570 City Road, 3 Spring Street, Purva Summit, 2nd Floor 300 S. 4th Street Suite South Melbourne Sydney White Field Rd, Hitec City 180 Las Vegas, VIC 3205 NSW 2000 Hyderabad 500034 NV. 89101 Australia Australia India USA 21
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