Ambertech Limited · ASX:AMO

Ambertech — H1 FY2022 Earnings Presentation

17 slides from Ambertech's earnings presentation, February 2022

1. Slide 1: 1st Half Results FY2022 Investor Update - February 2022

   1ST HALF RESULTS FY 2022 INVESTOR UPDATE - FEBRUARY 2022 ASX: AMO

2. Slide 2: 1st Half Highlights

   1st Half Highlights Revenue EBITDA NPAT EPS DPS $38.3m $4.1m $2.1m 2.6c 1.5c First half revenue in line with guidance despite some project delays. EPS of 2.6 cents, all tax losses recouped FY21. EBITDA and NPAT results ahead of guidance. Working Capital up 45.3% from 30/06/21 Interim dividend of 1.5

3. Slide 3: Executive Summary

   Executive Summary  Leading value-added distributor of high technology audio-visual (AV) and communications solutions.  Distribution network of professional, commercial and residential installers, consumer electronics (CE) & musical instrument (MI) retailers, content creators, broadcasters, governm

4. Slide 4: Structure

   Structure Capital Structure Dividends Share price (24 February 2022) $0.31  Interim dividend 1.5 cents per share 52 week range $0.19/$0.475  AMO full tax paying this FY Shares on Issue 93.0M  DRP suspended for interim dividend Options on Issue 1.4M  Dividend payout ratio of 65% of NPAT Market ca

5. Slide 5: Business Segments

   Business Segments Integrated Solutions Integrated Solutions Professional Retail Supporting our dealer network with world Supporting a strong dealer network and a range of media and communications users Exclusive brand representation in areas class product solutions and support. with world class prod

6. Slide 6: Business Segments

   Business Segments Integrated Solutions Professional Integrated Solutions Retail Of total revenue Revenue 1H FY22 Of total revenue Of total revenue Revenue 1H FY22 Revenue 1H FY22 $0.5m to Typical contract size $1.0m to Typical contract size $19.3m 50% $2.0m $10.6m 28% $6.0m $8.4m 22% Including ~$2.2

7. Slide 7: Competitive Landscape

   Competitive Landscape Integrated Solutions Professional Retail  Streaming audio/video  Communications IP radio  Home entertainment  Demand for small portable projection Market Opportunity  Automation of TV, Post-Production  Commercial AV  Requirement for portable sound  Music Production  Au

8. Slide 8: Financials

   Financials

9. Slide 9: Financial Highlights

   Financial Highlights Commentary (A$m) 1H FY22 1H FY21  Underlying business results showing growth, some project timelines delayed by clients. Revenue 38.3 38.9  Markets most impacted by COVID-19 continue to include live entertainment and tertiary Cost of Goods (24.6) (26.7) education. Gross Profit

10. Slide 10: Balance Sheet

    Balance Sheet Balance Sheet Summary (A$m) 1H FY22 FY21 (A$m) 1H FY22 FY21 Current Assets 35.4 29.5 Inventory 17.8 12.9 Current Liabilities (15.2) (15.6) Annualised GPROI (Average Inventory) Working Capital 20.2 13.9 Adjusted Working Capital (excluding cash) 18.2 12.1 178% 172% Non Current Assets 10.

11. Slide 11: Cash Flow and Net Debt

    Cash Flow and Net Debt Cash Flow Summary (A$m) 1H FY22 1H FY21 Net Cash/(Debt) ($m) Cash provided by Operating Activities 0.8 1.5 1.8 Cash used in Investing Activities (1.3) (0.1) Cash used in/provided by Financing Activities 0.7 (1.0) Net increase in cash 0.2 0.4 FY18 FY19 FY20 FY21 1H FY22 (A$m) 1

12. Slide 12: Growth Strategy and Outlook

    Growth Strategy and Outlook

13. Slide 13: Executing Growth Strategy

    Executing Growth Strategy  Ambertech has a strategy for revenue and margin growth across each of our market segments. These include the following key initiatives:  Expanded our reach into more system sales where we take the role of a complete supplier. Recent examples being the ABC project and Aus

14. Slide 14: 2H FY22 Outlook

    2H FY22 Outlook  Interim Dividend of 1.5 cents per share fully franked, noting company used up all tax losses in FY21. Represents pay out ratio of 65% of NPAT.  Board have confirmed its intention to target a dividend pay-out ratio of at least 50% for the full year.  Early sales results in the sec

15. Slide 15: Appendix

    Appendix

16. Slide 16: Recent Contract Wins and Agency Gains

    Recent Contract Wins and Agency Gains Projects New Agencies  Awarded a contract with Leonardo to upgrade the RAN Anzac fleet with Silvus During the year: radio solutions. Final phase is now scheduled for delivery over the coming 6-12  Nura Heaphones months.  ICE Cables  EVS studio upgrades at Ne

17. Slide 17: Important Notice and Disclaimer

    Important Notice and Disclaimer Future performance This Presentation contains certain “forward looking statements”. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “pl

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