Beam Communications Holdings Limited · ASX:BCC

Beam Communications — Shareholder Meeting (November 2024)

13 slides from Beam Communications's shareholder meeting presentation, Nov 28, 2024

  1. Slide 1: 2024 AGM Presentation

    2024 AGM PRESENTATION 28 November 2024 | ASX:BCC © 2024 Beam Communications -1-

  2. Slide 2: Disclaimer

    Disclaimer This document has been prepared by Beam Communications Holdings Limited and comprises written material/slides for a presentation concerning Beam Communications Holdings Limited and its subsidiaries. The presentation is for information purposes only and does not constitute or form part of

  3. Slide 3: Real Success: Proven Products, Remarkable Outcomes

    Real Success: Proven Products, Remarkable Outcomes Iridium GO! Iridium GO! exec Preet Chandi used Iridium GO! Rosaline Chaston and Andy during her solo trek to the South Hodgson used Iridium GO! exec Pole, covering 700 miles. The during their 2,807-mile Atlantic device enabled her to stay rowing exp

  4. Slide 4: Strong Multi-year Growth

    Strong Multi-year Growth Operating Revenue ($m) EBITDA* ($m) 3-year CAGR 21% 3-year CAGR 18% $39.6 $4.3 $32.8 $3.1 $23.7 $18.5 $1.9 $1.4 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Higher quality revenue and earnings as revenue mix shifts to recurring. Normalised EBITDA excludes ~$3m of arbitration rela

  5. Slide 5: FY24 Highlights

    FY24 Highlights Headline Financials • 1 Revenue $32.8m • GM 30% • Normalised EBITDA $3.1m Financial Strong finish to FY24 as expected, delivers positive Free Cash • Positive FCF of $0.8m for FY24 (excl. arbitration payments) 2 • Cash at bank is at $3.1m, up from $2.7m at March 2024 • Capex efficienc

  6. Slide 6: EBITDA | Resilient margins

    EBITDA | Resilient margins OPEX well managed with Revenue -17% and EBITDA margin stable Normalised EBITDA* ($m) Margins 4.3 35% 30% -0.6 -0.1 3.1 25% -0.5 Revenue -$6.8m 20% COGS +$6.2m 15% 10% 5% 0% FY21 FY22 FY23 FY24 Gross Margin Expense incl. EBITDA… GM Margin EBITDA Margin FY23 Other income FY2

  7. Slide 7: Core Beam (excl. ZOLEO) | Performance

    Core Beam (excl. ZOLEO) | Performance Revenue ($m) Highlights 3-year CAGR 25% $27.6 $20.6 Recurring Lower sales of Iridium Iridium GO! exec® GO! YoY, ongoing continuing deliveries Hardware committed orders from against 5 year / Iridium into FY25 USD20M commitment $12.0 $10.9 Beam branded Terminals T

  8. Slide 8: SatPhone Shop | Performance

    SatPhone Shop | Performance Highlights Revenue ($m) 3-year CAGR 3% $2.5 $2.4 Leveraged for growth in Recurring airtime $2.0 the Mobile Satellite revenue (sold through $1.8 Service market with SPS) grew 10% YoY expanded product range Strategic value in SPS New website due for which gives Beam an laun

  9. Slide 9: P&L Summary

    P&L Summary FY24 FY23 FY22 FY23 – F24 Summary: ($m) ($m) ($m) % Change • Revenue decline YoY due to Revenue 32.8 39.6 23.7 (17.2%) overall softer performance, exacerbated by the timing of Gross Profit1 10.0 12.2 6.5 (18.2%) hardware sales and the order profile for Iridium GO! exec. Gross Margin %1 3

  10. Slide 10: ZOLEO Arbitration

    ZOLEO Arbitration • The formal process of Arbitration commenced in January 2024, between Beam and the JV Partner. • In Canada on 29 April 2024 there was an Arbitration hearing lasting 2 weeks between Beam and the JV Partner. • In early June 2024 written final submissions were provided. • On 21 Octob

  11. Slide 11: Lean Beam

    Lean Beam Cost-Out Program Targeting ~$2.5 Million in Annualized Savings launched immediately post the Arbitration Award: Element Work Done Status Board Remuneration Reductions to Board remuneration Achieved Engineering and Manufacturing Scale back engineering and manufacturing Achieved activities O

  12. Slide 12: Beam | FY25 Outlook

    Beam | FY25 Outlook Strategic Focus Financial Expectations Core Business: Revenue mix shift to continue with: • Focus on core business, minimum opex • Growth in higher margin recurring revenue offset by • Forecast for continued strength in core Beam branded reduced GO!, GO! exec and ZOLEO orders. Do

  13. Slide 13: Contact

    Contact investor@beamcommunications.com Michael Capocchi Managing Director © 2024 Beam Communications - 13 -

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