Slide 1: Jefferies Corporate Summit
28 November 2024 Company Announcements Office Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Jefferies Corporate Summit Please find attached a copy of Codan Limited’s Jefferies Corporate Summit investor presentation for release to the market. Yours faithfully
Slide 2: Codan Limited Jefferies Corporate Summit November 2024
CODAN LIMITED Jefferies Corporate Summit November 2024
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Disclaimer This presentation has been prepared by Codan Limited (ABN 77 007 590 605) The historical information in this presentation is, or is based upon, (Codan). The information contained in this presentation is for information information that has been released to
Slide 4: Contents
CONTENTS CODAN OVERVIEW STRATEGY FINANCIALS BUSINESS UNITS • COMMUNICATIONS • TACTICAL COMMUNICATIONS • ZETRON • METAL DETECTION - MINELAB 3
Slide 5: Codan Limited
CODAN LIMITED OUR PURPOSE IS TO CREATE LONG-TERM SHAREHOLDER VALUE THROUGH THE DESIGN, DEVELOPMENT AND MANUFACTURE OF INNOVATIVE TECHNOLOGY SOLUTIONS A CULTURE OF INNOVATION AND 15 SUCCESS BUILT OVER 60+ YEARS SITES GLOBALLY $550m 900+ FY24 REVENUE EMPLOYEES DIVERSIFIED EARNINGS PROFITABLE PRODUCTS
Slide 6: The Codan Group
THE CODAN GROUP CODAN DEVELOPS AND MANUFACTURES INNOVATIVE LIFESAVING, MISSION CRITICAL COMMUNICATIONS AND DETECTION TECHNOLOGY FOR INDIVIDUALS, COMMUNITIES AND GOVERNMENTS. Metal Detection Tactical Communications Critical Communications 5
Slide 7: Leadership Team
LEADERSHIP TEAM Alf Ianniello Michael Barton Marjolijn Woods Managing Director Chief Financial Officer Chief Human and CEO and Company Secretary Resources Officer 2022 2009 20231 Ben Harvey Paul Sangster Scott French Daniel Hutchinson Executive General Executive General Manager, Executive General Ex
Slide 8: The Journey
THE JOURNEY KEY MILESTONES IN OUR HISTORY FOUNDED ASX LISTED MINELAB ACQUISITION DOMINANCE OF METAL COVID ERA A STRONGER CODAN 1959 2003 2008 DETECTION 2021 2021 > TODAY Friends from University Codan Limited lists on the Codan acquires Minelab, Minelab takes metal Unprecedented A strong diversified
Slide 9: Strategy
STRATEGY 8
Slide 10: Building a Stronger Codan
BUILDING A STRONGER CODAN OUR SUCCESS IN “BUILDING A STRONGER CODAN” IS UNDERPINNED BY BOTH FINANCIAL AND OPERATIONAL OBJECTIVES GLOBAL OPPORTUNITY AND EXCEPTIONAL CULTURE DIVERSIFIED EARNINGS Large, globally addressable market, notably Fosters collaboration and inclusivity, inspiring within develop
Slide 11: Strategy Overview
STRATEGY OVERVIEW CODAN’S RENEWED GROWTH STRATEGY FOCUSED ON THREE CORE PILLARS THAT DRIVE LONG-TERM VALUE OURSELV PITAL ALL NVEST IN ES INED CA OCA I IPL TIO SC N DI GETTING QUALITY OF ACQUISITIONS THAT EVERYTHING RIGHT TOPLINE CREATE VALUE • Continued focus across people, • Global opportunity - On
Slide 12: Engineering Investment
ENGINEERING INVESTMENT INVEST IN OURSELVES – STRONG PIPELINE OF PROJECTS • Sustained engineering investment across segments ensures competitive position maintained ENGINEERING ENGINEERING SPEND BY SPEND ($M)1 BUSINESS UNIT • Global team of highly skilled engineers and research scientists to drive pr
Slide 13: Geographic Expansion
GEOGRAPHIC EXPANSION FY24 PERCENTAGE OF REVENUE BY REGION ASIA $33M EUROPE $153M NORTH AMERICA $231M AFRICA $83M FY22 FY23 FY24 Africa 26% 11% 15% Asia 4% 4% 6% SOUTH Australia 9% 9% 8% AMERICA $8M Europe 17% 24% 28% AUS North America 41% 50% 42% $42M South America 3% 2% 1% 12
Slide 14: Recent Acquisitions
RECENT ACQUISITIONS Investing in Communications — driving growth in future markets DOMO TACTICAL COMMUNICATIONS ZETRON May 2021 May 2021 Established technology provider Leading US based company for high bandwidth wireless providing mission critical Purchase Purchase communications and communications
Slide 15: Acquisition of Kägwerks
ACQUISITION OF KÄGWERKS1 Full tactical military radio solutions - to build capability, credibility and scale GLOBAL LEADER IN HIGHLY- TACTICAL OPERATOR- WORN NETWORKING COMPLIMENTARY IP & TECHNOLOGY ~$34 MILLION CONSIDERATION2 $ SOLUTIONS >30K EXISTING DOCK PRODUCTS IMMEDIATELY IN FIELD EPS-ACCRETIV
Slide 16: Kägwerks Dismounted Soldier Systems
KÄGWERKS DISMOUNTED SOLDIER SYSTEMS Enabling connectivity and integrated secure networking DOCK LITE DOCK RADIO DOCK ULTRA Compact, lightweight Broadens digital network Brings Artificial Intelligence to platform on the battlefield the edge of the battlefield • Provides soldiers with a lightweight, c
Slide 17: Nett Warrior Program
NETT WARRIOR PROGRAM Kägwerks is a provider to US Department of Defence Program of Record • The US Army Nett Warrior Secure Wired and Wireless Intra-Soldier Network Hub (Nett Warrior Program) is an advanced system developed by the US Army to improve KÄGWERKS DOCK LITE situational awareness for battl
Slide 18: Financials
FINANCIALS CODAN
Slide 19: Our Baseline
OUR BASELINE Revenue (A$m) Revenue diversity (%) EBIT (A$m) 550 140 137 506 456 437 113 39% 41% 52% 348 90 88 69% 77% 61% 59% 257 266 48% 195 212 171 31% 23% FY2020 FY2021 FY2022 FY2023 FY2024 FY2020 FY2021 FY2022 FY2023 FY2024 FY2020 FY2021 FY2022 FY2023 FY2024 FY HY Communication Metal Detection S
Slide 20: Business Units
BUSINESS UNITS CODAN
Slide 21: Tactical Communications Primary Markets
TACTICAL COMMUNICATIONS Favourable market fundamentals: • Increasing global military and defence spend in the Five MILITARY Eyes Intelligence1 PRIMARY MARKETS • Smart and safe city initiatives, growing adoption of Internet of Things (IoT) applications LAW ENFORCEMENT & INTELLIGENCE • Growth in use o
Slide 22: Zetron Primary Market
ZETRON Favourable market fundamentals: PRIMARY MARKET • Government funding environment ~US$10-15 billion Next PUBLIC SAFETY Generation 911 funding, upgrading emergency response communications • Long term contracts – recurring revenue stream • Technology convergence of broadband, IoT, land mobile TRA
Slide 23: Minelab Primary Markets
MINELAB DELIVERING MARKET-LEADING, INNOVATIVE DETECTORS Favourable market fundamentals: • Emerging awareness of recreational metal detection RECREATION / PROFESSIONAL Coin & Treasure, Gold Detectors • Shift in consumer preference towards direct-to- consumer and eCommerce channels • Continued geograp