Atturra Limited · ASX:ATA
Atturra — Investor Presentation (December 2023)
32 slides from Atturra's investor presentation, Dec 12, 2023
Slide 1: Capital Raise Presentation
For personal use only Capital Raise Presentation 12 December 2023 Atturra Limited | ABN: 34 654 662 638 | Level 2, 10 Bond Street, Sydney, NSW 2000 Not for release to US wire services or distribution in the United States
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This investor presentation (Presentation) has been prepared by Atturra Limited (ACN 654 662 638) (Atturra or Company) and is dated 12 December 2023. This Presentation has been prepared in relation to a proposed capital raising comprising an underwritten pro rata accel
Slide 3: Important Notice and Disclaimer: Forward-looking statements
Important Notice and Disclaimer Forward-looking statements and forecasts This Presentation may contain “forward-looking” statements including statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters, including statements regarding the Company’s i
Slide 4: Important Notice and Disclaimer: Financial Information
Important Notice and Disclaimer Financial Information All information in this Presentation is in Australian dollars ($) unless stated otherwise. A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject For personal use only to the eff
Slide 5: Important Notice and Disclaimer: International Offer Restrictions
Important Notice and Disclaimer International Offer Restrictions This document does not constitute an offer of New Shares in the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New For personal use only Shares may
Slide 6: Vision and Strategy
Vision and Strategy For personal use only Atturra aims to be Australia’s leading Advisory and IT solutions provider. We will achieve this by focusing on these strategies: Industry Technology Strategy Strategy Our industry strategy is to focus Our technology strategy is to focus on: on industries in
Slide 7: Business Philosophy
For personal use only Business Philosophy Growth Philosophy Investment Philosophy Our Business GROWTH PER ANNUM IS TO FOCUS ON: Philosophy continues to focus on growth while delivering a 20%+ targeting a mix of both organic 10.5%+ Underlying EBITDA* margin of sustainable margin and inorganic approxi
Slide 8: Industry Focus
Industry Focus CLIENT SECTOR FY23 PROGRESS BY INDUSTRY For personal use only Local Expanded to over 140 Local Government Authorities across Australia and New Zealand providing Government expertise in TechnologyOne, Infor, Microsoft, Boomi and other leading council solutions. Simplify One of the larg
Slide 9: Business Overview
Business Overview For personal use only Continued support to Defence in Joint Experimentation Directorate providing analytical capability for the Advisory & Consulting Defence Strategic Review. Also engaged by Sports Integrity Australia to develop an operating framework and Australian Pesticides and
Slide 10: Atturra's Industry Growth
Atturra’s Industry Growth Client Metrics FY23 Revenue by Industry For personal use only Local Government Utilities 15% Grew to 140+ councils Grew to 40+ Utilities across ANZ in FY23 clients in FY23 9% 41% Federal Government 6% Financial Services One of the largest domestic Serving 35+ Financial 7% p
Slide 11: Total Addressable Market
Total Addressable Market For personal use only 2024 2024 AUSTRALIA IT SPENDING FORECAST1 MARKET SIZE1 ($AUD Billions) $48.8B 25.5 (8.2% growth) $48.8 Estimated IT services spend in Australia 4.3 Billion 15.9 IT services Software Devices 38.7 Data Centre Systems Communications Services 1. Gartner Att
Slide 12: FY23 Financial Performance
For personal use only FY23 Financial Performance
Slide 13: Atturra FY23 Financial Highlights
Atturra FY23 Financial Highlights For personal use only Atturra Results Revenue growth of 33% on pcp $178.3m $16.6m EBIT growth of 34% on pcp Revenue EBIT Underlying EBITDA of $21m $10.6m $21m exceeded guidance Underlying NPAT EBITDA* NPAT growth of 32% on pcp * Underlying EBITDA is a financial meas
Slide 14: Financial Highlights (continued)
Financial Highlights (continued) For personal use only Consolidated Consolidated Consolidated Revenue Net Profit After Tax EBIT CAGR = 35% CAGR = 18% CAGR = 31% 200 12 18 178.3 10.6 16.6 16 10 150 14 134.6 8.1 12.4 8 7.6 12 98.3 10 9.6 100 6 8 4 6 50 4 2 2 0 0 0 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY
Slide 15: Balance Sheet
Balance Sheet $25.0m Less Cash raised in Capital Raising Related fees $0.8m paid in the period 30-Jun-23 30-Jun-22 % Change For personal use only Cash and cash equivalents 44,250 35,130 26% Trade and other receivables 39,627 32,840 21% Contract assets 422 420 0% $24.2m After costs Inventories 755 0
Slide 16: FY24 & Outlook
For personal use only FY24 & 25 Outlook
Slide 17: Forecast FY24 – Post Cirrus Networks
Forecast FY24 – Post Cirrus Networks For personal use only Growth Investment Philosophy Philosophy Our growth philosophy maintains Our investment philosophy has been Risks consistency with our previously traditionally to focus on sustainable stated goal to target growth of 20%+, Underlying EBITDA* o
Slide 18: Planning FY25
Planning FY25 For personal use only Growth Philosophy Our growth philosophy maintains Risks consistency with our previously stated goal to target growth of 20%+, Due to the long-term nature with a mix of inorganic and organic of this forecast, risks of growth. inaccuracies are inherently higher. Eco
Slide 19: Capital Raising
For personal use only Capital Raising
Slide 20: Offer details
Offer details Offer size and structure Capital raising of approximately $50.0 million via a: For personal use only • 1 for 4 fully underwritten accelerated pro-rata non-renounceable entitlement offer (“Entitlement Offer” or “Offer”) to existing shareholders as of the Record Date to raise approximate
Slide 21: Sources & use of funds
Sources & use of funds SOURCES OF FUNDS A$M USES OF FUNDS A$M For personal use only Acquisition funding and balance sheet Entitlement Offer 50.0 48.75 management Capital raising costs 1.25 Total 50.0 Total 50.0 Acquisitions • Atturra’s acquisition strategy is currently focused on the Company’s Indus
Slide 22: Offer timetable
Offer timetable EVENT DATE Announcement of Entitlement Offer Tuesday, 12 December 2023 For personal use only 7.00pm (AEDT) Thursday, 14 December Entitlement Offer Record Date 2023 Institutional Entitlement Offer Institutional Entitlement Offer opens Tuesday, 12 December 2023 Institutional Entitlemen
Slide 23: Key Risks
For personal use only Key Risks
Slide 24: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Exposure to There is a risk that Atturra may not be able to identify and acquire Third party Atturra relies on the success of third-party software to deliver its For personal use only acquisition risks technology service offerings. Its’ operations would be
Slide 25: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Exposure to Data security and associated procedures are of significant Lack of The Company does not have any registrable IP in relation to its For personal use only potential importance to the retention of existing clients of the Company. There registrable
Slide 26: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Taxation An investment in securities involves tax considerations which differ for Underwriting risk The Company has entered into an agreement with Morgans For personal use only changes each securityholder depending on their individual financial affairs. Co
Slide 27: Underwriting Agreement – Termination Events
For personal use only Underwriting Agreement – Termination Events
Slide 28: Underwriting Agreement – Termination Events
Underwriting Agreement – Termination Events The Company has entered into an agreement with the Joint Lead Managers (Underwriting Agreement) with respect to the Entitlement Offer. The obligation of the Joint Lead Managers to lead manage the Entitlement Offer and the obligation of the Underwriter, to
Slide 29: Underwriting Agreement – Termination Events
Underwriting Agreement – Termination Events •* (future matters) any estimate or expression of opinion, belief, expectation or intention, or statement relating to future matters (including any forecast or prospective financial statements, information or data or the assumptions or sensitivity in relat
Slide 30: Underwriting Agreement – Termination Events
Underwriting Agreement – Termination Events •* (political or economic conditions) the occurrence of any adverse change or disruption to financial, political or economic conditions, currency exchange rates or controls or financial markets in Australia, New Zealand, any member state of the European Un
Slide 31: Q&A
For personal use only Q&A
Slide 32: Thank you
For personal use only Thank you CONTACT DETAILS Stephen Kowal CEO 02 9657 0999 Stephen.Kowal@atturra.com Atturra Limited | ABN 34 654 662 638 | Level 2, 10 Bond Street, Sydney NSW 2000