Spacetalk Limited · ASX:SPA
Spacetalk — Shareholder Meeting (November 2024)
28 slides from Spacetalk's shareholder meeting presentation, Nov 20, 2024
Slide 1: Annual General Meeting Addresses and Presentation
ASX Announcement | 20 November 2024 Spacetalk Limited (ASX: SPA) Annual General Meeting Addresses and Presentation In accordance with the ASX Listing Rules, the Chairman’s and CEO addresses and presentations to the Annual General Meeting (“AGM”), are appended. For personal use only This ASX announce
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS The last year has been a pivotal year for Spacetalk, marked by the successful execution of our corporate strategy centred around “Safety at Every Stage of Life.” This vision has driven our transition from a loss-making kid’s wearables business to a more sustainable, software-led c
Slide 3: CEO's Address
CEO’s ADDRESS It is a pleasure to have the opportunity to meet with you all again today at our Annual General Meeting and my second as Chief Executive Officer. Last year was my first full financial year leading the business and we made significant progress as we executed on the strategy we communica
Slide 4: For personal use only
We have delivered every item we identified in May 2023. It’s a long list but worth highlighting some key decisions such as temporarily winding down overseas operations to preserve cash, effectively selling the large amount of legacy Adventurer inventory, aligning the Spacetalk brand and launching a
Slide 5: For personal use only
hardware to Spacetalk Mobile has proved effective, the all new Spacetalk App targeted for release mid next year will deliver a step change for the business. For the first time it will give us the opportunity to bring new users and customers into the Spacetalk ecosystem without the need to purchase a
Slide 6: For personal use only
This release will allow us to target an increase in monthly active users and growth in our app subscription numbers. You will recall we currently offer our app for free with a Spacetalk Mobile subscription and as a result we have seen a trade-off, whilst overall app users have grown, paying app subs
Slide 7: For personal use only
now than I have ever been as we implement our growth initiatives. My thanks to all our shareholders for your support, the support from Pure Asset Management, Georg and the rest of the Spacetalk board and my team for their hard work. There are exciting announcements and progress ahead and I look forw
Slide 8: Annual General Meeting November 2024
For personal use only Annual General Meeting 20 November 2024 spacetalk.co
Slide 9: Important legal information
spacetalk.co Important legal information For personal use only This presentation has been prepared by Spacetalk Ltd. (“Spacetalk,” or “Company,” or “SPA”). This presentation: • has been prepared in good faith and with reasonable care. Neither SPA nor any other person makes any representation or warr
Slide 10: Growing Up to Growing Old: Capturing the family safety technology market
spacetalk.co For personal use only Growing Up to Growing Old: Capturing the family safety technology market 2024 ANNUAL GENERAL MEETING 3
Slide 11: An exciting growth agenda for Spacetalk
spacetalk.co An exciting growth agenda for Spacetalk For personal use only We are delivering the goals we set in May 2023, and Spacetalk is at the start of an exciting growth journey: Phase 1: Refocus - Completed: From February 2023 to June 2024, new leadership has successfully refocused Spacetalk,
Slide 12: Phase 1 - Refocus
spacetalk.co Phase 1 - Refocus For personal use only We have delivered our FY24 transformation strategy as promised… 1 Raise funds to support strategy delivery Complete 2 Cash positive in 4QFY24 Complete 3 Temporarily wind down international operations Complete 4 Hire org backbone (Segment Sales, En
Slide 13: Resetting and rebuilding the business to be 'fit to scale'
spacetalk.co …while also resetting and rebuilding the business to be ‘fit to scale’ For personal use only Capital Fit to Scale Cost Out Growth › Complete: Growth › Underway (Q3FY25): › Complete: Offshored › Complete: Launched a capital raise (October Rebuilt or replaced customer support function new
Slide 14: FY24 Key Financial Metrics
spacetalk.co FY24 Key Financial Metrics For personal use only Paying Mobile +32% vs PCP 17% Improvement in increased by 110% Gross Profit Cashflow from vs PCP Operating Activities • Paying mobile subscribers • The 32% increase in gross profit, • Cashflow from operating activities increased by 110%,
Slide 15: Phase 2 - Growth
spacetalk.co Phase 2 - Growth For personal use only We are now focused on executing our FY25 growth strategy Product Growth › Underway: Gain › Next: Rebuild product and › Underway: Scale Australian › Next: Ecommerce led certification for Loop and data technology seniors’ sales via channel Nordics gr
Slide 16: Q1 FY25 Key Financial Metrics
spacetalk.co Q1 FY25 Key Financial Metrics For personal use only Paying Mobile +35% vs PCP Gross 56% Improvement Subscribers Profit in Cashflow from increased by 100% Operating Activities vs PCP • Paying Spacetalk Mobile • Gross profit, an underlying proxy of • Cashflow from operating activities sub
Slide 17: Capital Raised
spacetalk.co Capital Raised For personal use only $3.5M raised in Placement and Rights issue • $1.5M during 1QFY25, with an additional $2M in October 2024, surpassing the $3.2M initial target by $0.3M, laying the foundation for growth. • This capital will be used to fund inventory and the scoping of
Slide 18: Extending Reach & Distribution Points
spacetalk.co Extending Reach & Distribution Points For personal use only Spacetalk has an established and growing network of resellers, referrers and channel partners Channel Selected Partners Retails Telcos Ecommerce Resellers & Referrers 11
Slide 19: Successful Refinancing
spacetalk.co Successful Refinancing For personal use only Our lender supporting our growth plans Pure Debt Facility Restructure • Successfully refinanced and extended Pure Asset management facility, enhancing financial flexibility. Highlights: • Maturity date extended to March 2027. • Repayments to
Slide 20: Firmware Updates
spacetalk.co Firmware Updates For personal use only New Adventurer and Loop Health and Fitness User Interface NEW: User Interface 2024 ANNUAL GENERAL MEETING 13
Slide 21: Firmware Updates
spacetalk.co Firmware Updates For personal use only New Adventurer and Loop User Interface OLD: User Interface NEW: User Interface 2024 ANNUAL GENERAL MEETING 14
Slide 22: Spacetalk App
spacetalk.co Spacetalk App For personal use only Spacetalk App has been downloaded over 420,000 times and scores 4.6 out of 5 stars from 3,000+ ratings. At the centre of the product ecosystem our app is key to retaining families as customers for longer. Today… • Parents use the app to connect to Spa
Slide 23: Product development
spacetalk.co Product development Spacetalk App v1.5 will be a growth engine driving both user acquisition and retention For personal use only Every connection will now join Streamlined onboarding for SOS alerts in case of emergency Spacetalk’s Family database enhanced customer satisfaction for peace
Slide 24: Product development
spacetalk.co Product development Updated Spacetalk App will be a growth engine driving both user acquisition and retention For personal use only Enhanced location awareness Personalised health and fitness Heart rate sensor and and safe-zone capability insights with check-in feature comprehensive fee
Slide 25: Seniors want to remain independent for as long as possible
spacetalk.co Seniors want to remain independent for as long as possible For personal use only Spacetalk products help the growing older population to stay at home safely for longer By 2050, one in four Australians will be ~80% of Australians aged over 50 aged 65 years and over 2 want to age in place
Slide 26: Spacetalk Life
spacetalk.co Spacetalk Life For personal use only The Life wearable addresses safety concerns for seniors Spacetalk and Neuroscience Research Australia (NeuRA) Collaboration • Spacetalk 2.0 will utilise wrist-based sensors to identify health risks and predict health outcomes, such as fall risk, stro
Slide 27: The next months...
spacetalk.co The next 12 months… For personal use only I am more excited about our future now than I ever have been as we implement our growth initiatives. My thanks to all our shareholders for your support, the support from Pure Asset Management, Georg and the rest of the Spacetalk board and my tea
Slide 28: Spacetalk.co
For personal use only Spacetalk.co 2024 ANNUAL GENERAL MEETING 21