Aerometrex Ltd. · ASX:AMX
Aerometrex — Investor Presentation (November 2023)
34 slides from Aerometrex's investor presentation, Nov 28, 2023
Slide 1: Investor Presentation
INVESTOR PRESENTATION NOVEMBER 2023
Slide 2: Disclaimer
DISCLAIMER This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth). This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase, sale or issue of any secu
Slide 3: What We Do
WHAT WE DO 01
Slide 4: Aerometrex is a leader in geospatial imagery & insights
AEROMETREX IS A LEADER IN GEOSPATIAL IMAGERY & INSIGHTS MetroMap High-resolution 2D & 3D imagery & insights subscription service, holding one of Australia’s largest imagery archives LiDAR High-resolution LiDAR data covering wide-ranging applications Global 3D Sophisticated 3D reality modelling produ
Slide 5: Aerometrex has a unique & unparalleled customer offering
AEROMETREX HAS A UNIQUE & UNPARALLELED CUSTOMER OFFERING ‘One-stop shop’ for customers Multi-product offerings covering wide-ranging use cases & industry applications Leading market participant Only Australian ASX company that specialises in imagery subscription services, LiDAR & high-resolution 3D
Slide 6: Corporate Profile
CORPORATE PROFILE Board of Directors Major Shareholders Capital Structure 13.9% (24 November 2023) 33.4% 16.8% ASX Code Mark Lindh Peter Foster Steve Masters Independent Non-Executive Independent Non-Executive Managing Director & 35.9% Director, Chair Director Chief Executive Officer AMX Shares on i
Slide 7: Aerometrex is embedded in a global ecosystem of growing data usage
AEROMETREX IS Customer Industries EMBEDDED IN A GLOBAL ECOSYSTEM OF Architecture Building & Construction Mapping & Surveying GROWING DATA USAGE Media & Entertainment MetroMap & Other Platforms Energy & Utilities Engineering Property & Real Estate Environmental Management Our customers include pionee
Slide 8: Industry Recognition – 2023 Geospatial Council Australia Awards
INDUSTRY RECOGNITION – 2023 GEOSPATIAL COUNCIL AUSTRALIA AWARDS A long history of industry recognition for technical excellence, innovation & contribution to environmental outcomes 2023 International Partnership Award: 2023 Geospatial Enablement Award: Aerometrex delivered a multi-scale, multi-resol
Slide 9: Case Study: 2023 Groote Archipelago Project
CASE STUDY: 2023 GROOTE ARCHIPELAGO PROJECT The Groote Archipelago Project will facilitate the enablement for advanced remote sensing data to support the Anindilyakwa people by providing tailored solutions to serve community-led initiatives First project of its kind Partners Supporting the implement
Slide 10: FY23 Overview
FY23 OVERVIEW 02
Slide 11: FY23 Snapshot
FY23 SNAPSHOT Operating EBITDA Cash Flow From Cash Revenue Operations Balance $25.36m $3.83m $4.02m $9.83m (FY22: $25.03m) (FY22 Normalised: $5.1m) (FY22: $4.99m) (June 2022: $14.14m) (FY22: excluding project photomapping: $22.26m) LiDAR Revenue MetroMap Revenue 3D Revenue Annual Recurring Revenue (
Slide 12: MetroMap
METROMAP Record statutory revenue* result FY23 OUTCOMES FROM TO A RECORD $8.79m $10.12m Annual Recurring Revenue (ARR) Calculation: Monthly Revenue x12 Growth in subscription statutory revenue, 9,000 increasing from: 8,272 $5.86m to $7.19m 8,004 8,000 7,606 7,344 7,195 6,842 6,956 7,000 6,345 6,012
Slide 13: LiDAR FY23 Outcomes
LIDAR Record revenue result FY23 FROM TO A RECORD OUTCOMES $11.32m $12.76m Following the introduction of an additional sensor in November 2022 LiDAR continues to be a solid & important contributor to overall company revenue, with major contract wins in FY23 & FY24 $1.88m $1.45m Aerometrex Investor P
Slide 14: Global 3D FY23 Outcomes
GLOBAL 3D 15.3% YoY revenue growth FY23 FROM TO OUTCOMES $2.15m $2.48m Melbourne Greenline Project Largest ‘off-the-shelf’ US Largest Australian street Multi-dimensional photography – captured sale to Google level capture project by helicopter, drone, boat, bicycle & on undertaken to date foot Suppo
Slide 15: Strategic Priorities
<— "aerometrex STRATEGIC PRIORITIES
Slide 16: Executing Strategic Imperatives
EXECUTING STRATEGIC IMPERATIVES During FY23 & into FY24, we embedded various initiatives MetroMap that we believe will UNDERSTAND SERVICE OUR ENHANCE THE Position MetroMap to redefine industry drive sustainable OUR CUSTOMERS standards & generate profitable outcomes value for WAY WE WORK CUSTOMERS WE
Slide 17: Building a Pathway to Profitability
BUILDING A Since September 2022, changes to the organisation & near- PATHWAY TO term imperatives have contributed to enhanced performance… PROFITABILITY Increasing Record group revenue for Driving Building Key new appointments to 9 Revenue FY23 of $25.36m MetroMap Internal drive operational performa
Slide 18: People, Infrastructure & Technology
PEOPLE, INFRASTRUCTURE & TECHNOLOGY Organisational changes that commenced in What we have done since September 2022 September 2022 have enhanced business outcomes Key external appointments to drive operational objectives: • General Manager Aviation – January 2023 • MetroMap Sales Manager – July 2023
Slide 19: People, Infrastructure & Technology
PEOPLE, INFRASTRUCTURE & TECHNOLOGY Enhancing MetroMap performance & What we have done since September 2022 outcomes is a key strategic imperative Development of the MetroMap platform & functionality to enhance customer experience & create points of market differentiation Increased capture uptime wi
Slide 20: Valuation
VALUATION 04
Slide 21: Growth in overall accessible markets & market share presents significant opportunity
GROWTH IN OVERALL ACCESSIBLE MARKETS & MARKET SHARE PRESENTS SIGNIFICANT OPPORTUNITY & STRATEGIC VALUE MetroMap LiDAR Global 3D FY23 Revenue FY23 Revenue FY23 Revenue $10.12m $12.76m $2.48m MetroMap Current TAM1 Current TAM1 TAM1: > $100m > $50m ‘Blue Sky’ 2030 TAM1 2030 TAM1 Positioned for a world
Slide 22: Case Study: Nearmap Acquisition
CASE STUDY: NEARMAP ACQUISITION Nearmap's acquisition highlights the potential market mispricing of Aerometrex In December 2022, Thoma Bravo, acquired At the same revenue multiple, the implied valuation Nearmap Ltd for ~A$1.055b, a 39% premium to the of MetroMap is ~A$60m based upon October 2023 A$0
Slide 23: Appendices
Appendices Aerometrex Investor Presentation – November 2023 23
Slide 24: Product Use Cases
PRODUCT USE CASES 01
Slide 25: MetroMap
METROMAP MetroMap offers a high-resolution 2D & 3D imagery & insights subscription service to a range of customers across Australia – this Data as a Service (DaaS) solution ensures accessibility to users anywhere Major use cases: Launched in May 2023, MetroMap Insights transforms MetroMap imagery in
Slide 26: LiDAR
LiDAR LiDAR (Light Detection and Ranging) is a remote sensing technology that uses laser light to measure distances & create detailed three-dimensional maps of the environment Detailed 3D maps or models of the surroundings can be created from the data collected Surveying & Mapping Autonomous Vehicle
Slide 27: 3D Mapping Plays a Crucial Role in Spatial Analysis
3D MAPPING PLAYS A CRUCIAL ROLE IN SPATIAL ANALYSIS It provides a comprehensive view of geographical data and allows for the representation of terrain, structures, & objects in three dimensions. Typical applications include: Urban Planning & Environmental Transportation Natural Resource Emergency Te
Slide 28: Financials
FINANCIALS 02
Slide 29: Financial Results Overview
FINANCIAL RESULTS OVERVIEW FY23 FY22 Change Change Underlying activities deliver Continued investment to $'000 $'000 v PCP v PCP revenue growth underpin future growth $'000 % Total operating revenue increased 1.3% to Continued investment to build capacity ahead Subscription revenue MetroMap 7,191 5,
Slide 30: Segment Financial Results
SEGMENT FINANCIAL RESULTS Year AUS USA Total AUS USA Total Proforma EBITDA Calculation AUS USA Total AUS USA Total HY FY23 FY23 FY23 FY22 FY22 FY22 by Geographical Segment FY23 FY23 FY23 FY22 FY22 FY22 Value $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 Revenue 24,540 821 2
Slide 31: Balance Sheet
BALANCE SHEET Year Jun 2023 Jun 2022 Value $'000 $'000 Assets Cash and cash equivalents 9,828 14,144 Trade and other receivables 6,112 5,907 Contract assets 738 311 Property, plant and equipment 15,897 14,791 Intangibles 7,921 9,040 Other Assets 623 477 Deferred tax assets 552 - Total assets 41,671
Slide 32: Cash Flow
CASH FLOW FY23 FY22 Year Value $'000 $'000 Receipts from customers 27,459 25,629 Payments to suppliers and employees (23,629) (21,492) Other operating cash flows 194 850 Net cash flow from operating activities 4,024 4,987 Payments for property, plant and equipment (3,823) (2,263) Proceeds from dispo
Slide 33: Profit or Loss Statement & EBITDA Reconciliation
PROFIT OR LOSS STATEMENT & EBITDA RECONCILIATION HY FY23 FY22 Proforma EBITDA Calculation FY23 FY22 Value $'000 $'000 $'000 $'000 Revenue (Loss) before income tax (5,160) (813) Other Income Add back finance costs 132 100 Revenue and other income 25,361 27,843 Less finance income (326) (31) Aircraft
Slide 34: Contact Information
CONTACT INFORMATION Steve Masters Aerometrex Ltd Managing Director & 51-53 Glynburn Road Glynde SA 5070 Chief Executive Officer investorrelations@aerometrex.com.au +61 8 8362 9911 Chris Mahar aerometrex.com.au Chief Financial Officer metromap.com.au NOVEMBER 2023 This presentation has been approved