Audinate Group Ltd. · ASX:AD8
Audinate — Shareholder Meeting (October 2021)
15 slides from Audinate's shareholder meeting presentation, Oct 20, 2021
Slide 1: 2021 Annual General Meeting
For personal use only 2021 Annual General Meeting This document authorised for distribution by the Chairman 20 October 2021 2021 Annual General Meeting Audinate Confidential | 1
Slide 2: Chairman's Presentation
For personal use only Chairman’s Presentation 20 October 2021 2021 Annual General Meeting Audinate Confidential | 2
Slide 3: Chairman's Address
Audinate Group Limited 2021 ANNUAL GENERAL MEETING Wednesday, 20 October 2021 at 9.30am (Sydney time). Chairman’s Address For personal use only Before our CEO Aidan Williams addresses us, I would like to welcome our directors that have joined us here virtually today, and would like to make a few com
Slide 4: Chairman's Address (continued)
-2- The strong financial performance in the current year made it possible to return to paying staff bonuses for FY21 and to award pay rises for the year ahead. We are grateful for the willingness staff demonstrated to accept the importance of financial restraint heading into FY21 and we were impress
Slide 5: Chairman's Address (continued)
-3- We are encouraged by the record demand for Dante products and the accelerated move to digital networking, particularly in corporate conferencing and higher education. This enables us to retain a strong conviction in our strategy to enable a transformation of the AV industry. Again, I would like
Slide 6: CEO's Presentation
For personal use only CEO’s Presentation 20 October 2021 2021 Annual General Meeting Audinate Confidential | 3
Slide 7: Overview of Audinate Today
Overview of Audinate Today Dante® uses standard networking technology to distribute audio and For personal use only World-leading supplier of Growing network video signals in real time throughout buildings, campuses and beyond. digital media networking effect of Dante Our hardware and software produ
Slide 8: Leading Global Supplier of Digital Media Networking
Leading Global Supplier of Digital Media Networking Highlights Total audio products per protocol For personal use only 3500 3,255 >A$1bn Total addressable market(1) “Dante continues to be the 3000 dominant force” RH Consulting 371 OEM brands shipping Dante 2500 enabled products 2000 3,255 Dante enab
Slide 9: Audinate growth continues
Audinate growth continues For personal use only Historical Gross Margin (US$M) Variance Financial Highlights PCP % US$20M 19.2 15.0 15.6 79.0% A$33.4M Revenue 10.1% US$15M 11.3 77.0% US$25M US$ Revenue 22.5% US$10M 8.3 76.6% 76.4% 6.2 75.0% 76.4% Gross Margin (0.2%) - US$5M 74.5% 74.8% 74.4% 74.
Slide 10: OEM Design Wins drive future revenue growth
OEM Design Wins drive future revenue growth For personal use only OEM Product Buy Prototype Release New Pre-sales DESIGN WIN Design Dante Units Product Customer OEM OEM sells commits to Manufactures Dante- use Dante in • New annual subscription model (vs up-front more AV enabled AV new products prod
Slide 11: Dante video and audio together is now reality
Dante video and audio together is now reality • Six OEM Dante video products released:- For personal use only 2 x PTZ Cameras, 4 Encoders/Decoders • Enables all-Dante A&V systems to be deployed • Good number of design wins, with pipeline growing – but COVID has been a headwind • Recruited experience
Slide 12: 1Q22 Trading Performance
1Q22 Trading Performance • 1Q22 financial performance For personal use only • Record revenue of US$7.6 million in 1Q22 – up 46.1% from 1Q21 • Record backlog of chips, cards & modules of US$14.8 million – nearly 6x pre-COVID levels • Component shortage expected to impact second half • Electronics man
Slide 13: Responding to Supply Chain disruption
Responding to Supply Chain disruption • Main affected products For personal use only • Brooklyn II module – uses a Spartan-6 chip, we will develop a drop-in replacement “Brooklyn III” • Broadway & Reference Design – customers have a Spartan-6 chip designed into their products & will need electronics
Slide 14: Revised outlook for revenue growth in FY22
Revised outlook for revenue growth in FY22 The company still expects to deliver FY22 For personal use only USD revenue growth, however not in the pre- COVID historical range Audinate Co-founder and CEO Aidan Williams commented: “Whilst it is disappointing when unexpected events emerge, I have been p
Slide 15: Important notice and disclaimer
Important notice and disclaimer Disclaimer Past performance The non-IFRS measures do not have any standard definition under IFRS and may be calculated differently For personal use only To the maximum extent permitted by law, none of the Past performance information, including past share price inform