Etherstack Plc · ASX:ESK
Etherstack — Shareholder Meeting (June 2015)
13 slides from Etherstack's shareholder meeting presentation, Jun 19, 2015
Slide 1: AGM Shareholder Presentation
For personal use only Etherstack plc (ASX:ESK) AGM Shareholder Presentation London, 19 June 2015
Slide 2: Contents
Contents For personal use only • 2014 Results • 2015 and Beyond • New Products: Go Box (2014) and LTE25 (2015) • Continued Innovation 2015 & 2016 Copyright © Etherstack, 2015
Slide 3: 2014 Highlights – Significant Improvement
2014 Highlights – Significant Improvement For personal use only Following a difficult 2013, the financial performance for 2014 is significantly improved. Highlights are: • 38% revenue growth • Cost savings implemented in 2013 and first half of 2014 have reduced total costs in the second half of 2014
Slide 4: 2014 Highlights – Positive Earnings
2014 Highlights – Positive Earnings For personal use only First half Second Change H1 vs Full Year Full Year Change 2014 vs $000 half $000 H2 $000 2014 $000 2013 $000 2013 $000 Revenues 3,373 3,807 Up 434 7,180 5,200 Up 1,980 Cost of sales, Other admin expenses, foreign exchange and 4,808 3,786 Down
Slide 5: 2014 Highlights – Continued Improvement
2014 Highlights – Continued Improvement For personal use only Graph 1: Revenue and Underlying NPAT and EBITDA for 2013 and 2014 by half year Copyright © Etherstack, 2015
Slide 6: 2014 Result Comments
2014 Result Comments For personal use only Statutory Results positively impacted by: • Positive net cashflow from operating activities of $2,286,000 • Increased revenue over 2013 Statutory Results negatively impacted by: • Impairment adjustment against intellectual property assets of $2,172,000. Ari
Slide 7: 2015 and Beyond: 2015 To Date
2015 and Beyond For personal use only 2015 To Date First half revenue for 2015 will be below first half of 2014 due to: • Normal cyclical variations in the recognition of significant licensing agreements • Inherent volatility in revenues which can be derived from a small number of large projects Cos
Slide 8: 2015 and Beyond: 2015 Full Year
2015 and Beyond For personal use only 2015 Full Year As in previous years, the second half is expected to significantly outperform the first half. Key outlook points for H2 include: • Significant interest in the group’s innovative new LTE25 push-to-talk over broadband solutions including new sales a
Slide 9: 2015 and Beyond: Beyond 2015
2015 and Beyond For personal use only Beyond 2015 Significant restructure in 2014 and transformation in 2015 will allow the group to expand again in 2016. Key drivers of this expansion are: • An increase in high value unit product sales as the group transforms its revenue base to reduce dependence o
Slide 10: New Products – "Go Box"
New Products – “Go Box” For personal use only SFFR-6 Tactical Repeater and Basestation (aka “Go Box”) • Compact, lightweight, small form factor, tactical base station and repeater allowing ad-hoc networks to be rapidly created for public safety, military, utilities and resource sectors • 2015 saw th
Slide 11: New Products - LTE25
New Products - LTE25 For personal use only Released 2015 • Feedback from first government pilots of LTE25 “push to talk over cellular” (PoC) technology for public safety using LTE (4G) networks has been very positive • 2015 is expected to see first significant Server IP Address revenues associated w
Slide 12: Continued Innovation – 2015 & 2016
Continued Innovation – 2015 & 2016 For personal use only Truly Unique Products for Public Safety Agency Communications • The group is expanding its high value finished product portfolio with several new technology advances being productised at the moment • These products are related to the delivery
Slide 13: For personal use only
For personal use only London New York +44 207 734 0200 +1 917 661 4110 info.eu@etherstack.com info.na@etherstack.com Sydney Yokohama +61 2 8399 7500 +81 45 342 9050 info.au@etherstack.com info.jp@etherstack.com Copyright © Etherstack, 2015