Codan Limited · ASX:CDA
Codan — Canaccord Annual Growth Conference 2023
17 slides from Codan's conference presentation, Aug 8, 2023
Slide 1: ASX announcement cover letter - Canaccord Annual Growth Conference
8 August 2023 Company Announcements Office Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 For personal use only Dear Sir/Madam Canaccord Annual Growth Conference Please find attached a copy of Codan Limited’s Canaccord investor presentation for release to the market. Yours f
Slide 2: Canaccord Annual Growth Conference
For personal use only CANACCORD ANNUAL GROWTH CONFERENCE 10th August 2023
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Disclaimer For personal use only This presentation has been prepared by Codan Limited (ABN 77 007 590 605) (Codan). The information contained in this presentation is for information purposes only and is not investment, financial product, legal or tax advice. This pres
Slide 4: Contents
CONTENTS For personal use only CODAN OVERVIEW HISTORICAL JOURNEY BUILDING A STRONGER CODAN CORE BRANDS • Tactical Communications | DTC • Zetron • Minelab STRATEGY UPDATE SUMMARY 3
Slide 5: Globally Diversified Technology Company
GLOBALLY DIVERSIFIED TECHNOLOGY COMPANY Codan develops and manufactures innovative lifesaving, mission critical communications and detection technology for individuals, communities and governments. For personal use only 150+ Countries where Codan products & solutions sold 800+ Global employees, >30%
Slide 6: Technology: What we do?
TECHNOLOGY What we do? For personal use only Communications solutions True end-to-end mission Delivering market-leading, that enable our customers critical solutions provider innovative detectors to be connected SOFTWARE DEFINED RADIOS AND COMMAND & CONTROL RECREATION, GOLD HIGH FREQUENCY RADIOS AND
Slide 7: Recent History / Evolution
RECENT HISTORY / EVOLUTION Codan’s recent history is marked by three distinct periods Revenue ($m) For personal use only 506 Metal Detection 437 Communications 348 52% 271 77% 212 69% 70% 35% 48% H1 FY23 Communications 31% 23% 65% Revenue +16% vs. pcp 30% FY19 FY20 FY21 FY22 H1 FY23 FY24+ Pre-COVID
Slide 8: Tactical Communications
TACTICAL COMMUNICATIONS Communications solutions that enable our customers to be connected Favourable market fundamentals: only • Increasing global military and defence spend in the Five useMARKETS MILITARY Eyes Intelligence1 • Smart and safe city initiatives, growing adoption of Internet of Things
Slide 9: Tactical Communications - Case Study Southern Border
TACTICAL COMMUNICATIONS – CASE STUDY SOUTHERN BORDER UNITED STATES For personal use only OF AMERICA • Coverage where you don’t have coverage today • Augment or be augmented by 4G or 5G Existing border coverage Predicted border coverage • Private spectrum so hard MEXICO to detect or jam • Secure with
Slide 10: Zetron
ZETRON True end-to-end mission critical solutions provider Favourable market fundamentals: only For personal use PRIMARY MARKET • Government funding environment ~US$10-15 billion Next PUBLIC SAFETY Generation 911 funding, upgrading emergency response communications • Long term contracts – recurring
Slide 11: Case Study - Iowa
CASE STUDY – IOWA IOWA model to update public safety infrastructure – Zetron well positioned for additional NG911 solutions For personal use only “It’s really been a win-win proposition for our counties that have joined the program so far.” Blake DeRouchey 911 Program Director Iowa Department of Hom
Slide 12: Minelab
MINELAB Delivering market-leading, innovative detectors Favourable market fundamentals: use only RECREATION / • Emerging awareness of recreational metal detection PROFESSIONAL • Shift in consumer preference towards direct-to- consumer and eCommerce channels PRIMARY MARKETS • Continued geographic exp
Slide 13: World's Best Metal Detection Technologies
PERFORMANCE /\s EVERYTHING ® @Qanricore EQUJNOX 7001900 CTERRA = POWEREDBY Miulti-I@~ POWERED ot cl NZ World's Best Metal Detection Technologies MINELAB 12
Slide 14: Strategy Overview
STRATEGY OVERVIEW Codan’s renewed growth strategy focused on three core pillars that drive long-term value STRATEGY use only GETTING QUALITY OF ACQUISITIONS THAT EVERYTHING RIGHT TOPLINE CREATE VALUE For personal • Continued focus across people, • Global opportunity - Ongoing • Seek strategically-al
Slide 15: Near Term Strategy
NEAR TERM STRATEGY Successful execution will see a more-balanced, integrated and sustainable Codan For personal use only Enhanced offering as full Expansion and growth of systems Promote new products & expand solutions provider and support contracts channels to market • Increasing awareness and capa
Slide 16: Engineering Investment
ENGINEERING INVESTMENT Invest in ourselves - strong pipeline of projects For personal use only Engineering spend • Reinvest roughly 10% of revenues back ($m) into Engineering - sustained engineering 46 investment across segments ensures competitive position maintained • Innovative IP Generation • On
Slide 17: Building a Stronger Codan
BUILDING A STRONGER CODAN For personal use only GLOBAL OPPORTUNITY DIVERSIFIED EARNINGS Large, globally addressable market, notably A more-balanced, stable and within developed market economies predictable revenue base PROFITABLE GROWTH INNOVATIVE PRODUCT DEVELOPMENT Targeting sustainable revenue an