Titomic Ltd · ASX:TTT
Titomic — Shareholder Meeting (November 2023)
26 slides from Titomic's shareholder meeting presentation, Nov 23, 2023
Slide 1: Annual General Meeting
Manufacturing innovation made reality Annual General Meeting November 2023
Slide 2: Chairman's Address
Chairman’s Address Mr Richard Willson
Slide 3: Board directors with global coverage and experience
Board directors with global coverage and experience Dag Stromme Herbert Koeck Mira Ricardel Non-Executive Chairman Managing Director Non-Executive Director Humphrey Nolan Richard Willson Andreas Schwer Non-Executive Director Non-Executive Director Non-Executive Director 3
Slide 4: Attendees – Voting Process
Attendees – Voting Process A poll will be conducted on the resolutions set out in the notice of meetings. If there is any person present who believes they are entitled to vote but has not registered to vote, please see the staff at the registration desk for assistance. The persons entitled to vote o
Slide 5: Managing Director's Address
Managing Director’s Address Mr Herbert Koeck
Slide 6: Disclaimer
Disclaimer This presentation has been prepared by Titomic Limited ACN 602 793 644 (“Titomic” or the under any circumstances create an implication that there has been no change in the affairs “Company”) to provide summary information about Titomic and their activities as at the of Titomic since the d
Slide 7: FY23 was a challenging year but Titomic rebalanced – FY24 started very well
FY23 was a challenging year but Titomic rebalanced – FY24 started very well Challenges Opportunities • Fading pandemic • Many new customers • Geopolitical uncertainty and conflicts across • Increased customer understanding and the globe acceptance of cold spray technology • Customer uncertainties an
Slide 8: Titomic Remains Optimistic for FY24
Titomic Remains Optimistic for FY24 3 Steps to Success 1. Reduced ongoing costs by 30% 2. Successful capital raise 3. Accelerate commercialisation through successful sales Q1 a) Pipeline at record size and expanding b) Reseller network growing rapidly c) Clearly defined and efficient marketing d) De
Slide 9: Leadership with proven industry experience
Leadership with proven industry experience A combined 165 years of cold spray experience across the staff and board Board of Directors Dag Stromme Humphrey Nolan Mira Ricardel Andreas Schwer Richard Willson Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director N
Slide 10: Defined product and solutions portfolio to target customers
Defined product and solutions portfolio to target customers TKF Custom TKF 1000 ISB Series D523 & D623 • High pressure Cold Spray additive • High pressure Cold Spray additive • Low pressure Cold Spray coating • Low and Medium pressure Cold Spray manufacturing and coating manufacturing and coating co
Slide 11: Further narrowed commercial focus
Armaments Ballistic Protection Structures Additive Manufacturing Tooling Metal Restoration Wear Resistance Corrosion Protection Coating & Repair Further narrowed commercial focus Radiation Shielding 11
Slide 12: Progress Made in Strategic Core Commercialisation Initiatives
Progress Made in Strategic Core Commercialisation Initiatives 1 Grow customer revenue 2 Reduce costs and dependency on tax incentives and optimize grants 3 Educate the market on cold spray technology 4 Scale all revenue-generating activities across all active regions 12
Slide 13: Grow customer revenue - contracted business
1 Grow customer revenue - contracted business Research and Education/Universities sales • Sabanci University Turkey A$ 2,400,000 • Windesheim (Perron038) A$ 600,000 • Renselaer Polytechnic Institute A$ 78,000 • EPCOR A$ 516,615 2 Aerospace/Defense (Service/Repair + Manufacturing) sales • Airbus Indu
Slide 14: Other good news for Titomic in FY24
Other good news for Titomic in FY24 a) Quality standard certifications audited and renewed. • ISO9001 (Quality) • ISO27001 (Cybersecurity) • AS9100D (Aerospace Manufacturing) b) Board changes • Dag Stromme: Chairman of the Board 14
Slide 15: Titomic in FY24 – stay on course with strategic core commercialization initiatives
Titomic in FY24 – stay on course with strategic core commercialization initiatives 1. Deliver on financial results – first four months have been solid • Grow revenue across product portfolio and geographies • Tightly manage costs and drive margin • Optimize grants and other income 2. Actively market
Slide 16: Formal Business
Formal Business Mr Richard Willson
Slide 17: 2023 Annual Financial Statements
2023 Annual Financial Statements To receive and consider the Company’s financial report and the reports of the Directors and the Auditor for the financial year ended 30 June 2023. 17
Slide 18: Resolution 1: Adoption of 2023 Remuneration Report
Resolution 1 Adoption of 2023 Remuneration Report That the Company adopt the Remuneration Report for the year ended 30 June 2023 in accordance with 250R(2) of the Corporations Act. Proxy Results Total Valid Proxies Received For Against 228,902,503 96.04% 2.10% 18
Slide 19: Resolution 2: Re-election of Mr Humphrey Nolan
Resolution 2 Re-election of Mr Humphrey Nolan That, for the purposes of ASX Listing Rule 14.4, clause 20.3 of the Constitution and for all other purposes, Mr Humphrey Nolan, retires by rotation and being eligible to be re-elected, be re-elected as a Non-Executive Director of the Company. Proxy Resul
Slide 20: Resolution 3: Re-election of Mr Dag W.R. Stromme
Resolution 3 Re-election of Mr Dag W.R. Stromme That, for the purposes of ASX Listing Rule 14.4, clause 20.3 of the Constitution and for all other purposes, Mr Dag Stromme, retires by rotation and being eligible to be re-elected, be re-elected as a Non-Executive Director of the Company. Proxy Result
Slide 21: Resolution 4: Ratification of prior issue of Placement Shares
Resolution 4 Ratification of prior issue of Placement Shares to investors That, for the purposes of ASX Listing Rule 7.4, and for all other purposes, Share holders approve and ratify the issue of 75,000,000 Placement Shares to investors on 3 July 2023, on the terms and conditions described in the Ex
Slide 22: Resolution 5: Issue of Placement Shares to Mr Dag Stromme
Resolution 5 Approval of issue of Placement Shares to Mr Dag W.R. Stromme That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 25,000,000 Placement Shares to Director, Mr Dag Stromme, on the terms and conditions described in the Explanatory M
Slide 23: Resolution 6: Issue of share rights and options to Directors
Resolution 6 Approval of issue of share rights and options to the Directors of the Company That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 120,000,000 share rights and 142,500,000 options to the Directors of the Company, on the terms and
Slide 24: Resolution 7: Issue of shares to Mr Herbert Koeck
Resolution 7 Approval of issue of shares to Mr Herbert Koeck That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 20,000,000 shares to Director, Mr Herbert Koeck, on the terms and conditions described in the Explanatory Memorandum. Proxy Resu
Slide 25: Resolution 8: Additional capacity under ASX Listing Rule 7.1A
Resolution 8 Approval of additional capacity to issue securities under ASX Listing Rule 7.1A That, pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, Shareholders approve an additional capacity of the Company to issue equity securities of up to 10% of the issued cap
Slide 26: Titomic Limited contact details
Titomic Limited, Ground Floor 365 Ferntree Gully Road, Mount Waverley, Victoria 3149, Australia PO Box 225, Mount Waverley, Victoria 3149, Australia