Etherstack Plc · ASX:ESK
Etherstack — H1 2022 Earnings Presentation
14 slides from Etherstack's earnings presentation, Aug 25, 2022
Slide 1: 30 June 2022 Half Year Results presentation
For personal use only 30 June 2022 Half Year Results presentation Etherstack plc (ASX:ESK) 25 August 2022 Authorised for release by David Deacon, CEO and David Carter, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Etherstack plc (ARBN 156 640 532) (“Etherstack” or “the Company”). The information in this presentation is for For personal use only information purposes only and is not investment, financial product, legal or tax advice. This presentation contains s
Slide 3: 2022 Half year highlights
For personal use only 2022 Half year highlights
Slide 4: 2022 Half year Financial highlights
2022 Half year Financial highlights For personal use only 13% 53% US $1.64m Revenue growth over EBITDA growth over Net Profit after tax H1 2021 US$4.86 m H1 2021 to US$2.22 m 107% increase over H1 2021 NPAT Recurring revenue growth Delivery Product AUD $1.8 m Milestones delivered Development “Land a
Slide 5: Business highlights
Business highlights For personal use only Project Delivery Strategic contracts UK and Australian Strategic strengths government deals • Major milestones • Multiple pursuits • UK Ministry of • Recurring support delivered on Samsung underway with Defence – current revenues over the life project for AT
Slide 6: Strong revenue growth supported by key contract wins
Strong revenue growth supported by key contract wins For personal use only Revenue (US$m) Multiple growth drivers have delivered strong revenue growth in FY21 and H1 2022 Second Half First Half • 81% growth in FY 2021 followed by 13% growth in H1 2022 4.19 • Strong project revenues • Aust DoD guidan
Slide 7: Recurring revenue remains a core focus for Etherstack
Recurring revenue remains a core focus for Etherstack For personal use only Support Revenues (US$m) Recurring Support Revenues • Sustained increase since 2014 driven by: Second Half First Half • New networks • Incremental growth to existing networks 0.78 • High customer retention rates guidance 0.82
Slide 8: Cash and receivables
Cash and receivables For personal use only • Cash at 30 June 2022 was $571 vs $3,038 as at Cash + Receivables 31 December 2021, a decrease of $2,467 • Receivables at 30 June were $4,353 vs $2,439 30-Jun-22 31-Dec-21 as at 31 December 2021, an increase of $1,914 USD $’000 USD $’000 • Etherstack histo
Slide 9: Growth strategy
For personal use only Growth strategy
Slide 10: Sustained growth via key customer wins - LMR
Sustained growth via key customer wins - LMR For personal use only Currently targeting network contracts valued between US$0.5 – 20.0m in upfront revenues 2022 January – June July –2023 December 2024 January – June July –2025 December 2026 January – June 2020 2020 2021 2021 2022F Etherstack has hist
Slide 11: Samsung global teaming partnership drives additional growth
Samsung global teaming partnership drives additional growth Status update For personal use only Samsung’s clients will be the first carriers to roll out a 5G network incorporating First mover advantage Etherstack’s MCPTX technologies Upfront & recurring Each network provides upfront licensing and de
Slide 12: Strong outlook driven by focus on key strategic initiatives
Strong outlook driven by focus on key strategic initiatives For personal use only Expansion of Commencement existing Australian of upgrades to & International virtualised public safety switching solutions networks across installed base Cellular Satellite Networks LMR Networks Defence Upgrades networ
Slide 13: Questions
For personal use only Questions
Slide 14: For personal use only
For personal use only London New York 64 Rose Street, +44 207 734 0200 +1 917 661 4110 Chippendale NSW 2008 Info-eu@etherstack.com Info-na@etherstack.com Phone +61 2 8399 7500 Sydney Yokohama David Deacon, CEO +61 2 8399 7500 +81 45 342 9050 david.deacon@etherstack.com Info-au@etherstack.com Info-jp