Slide 1: Spirit Technology Solutions Ltd FY22 Results
Spirit Technology Solutions Ltd (ASX: ST1) FY22 Results | Aug 2022 Julian Challingsworth | MD and CEO Paul Miller | CFO Do IT with Spirit spirit.com.au
Slide 2: Revenue and other income up 33% to $138.7M in FY22
Revenue and other income up 33% to $138.7M in FY22, underlying EBITDA down 37% to $7.3M, one-off impairment of $48.4M to non-current assets Consolidated Financials Period Ending June 30 $ in 000’s 2022 2021 Change (Note 1) Customer revenue (Note 1) 135,338 102,786 32,552 32% Other income 3,394 1,683
Slide 3: Our Segments
Our Collaboration & Communications business is high performing, Cyber Security is in growth mode, Managed Services (IT&T) is being restructured Our Segments Collaboration and Cyber Security Managed Services Communication (IT&T) Award-winning integrated Specialist cyber managed services Managed IT an
Slide 4: Introducing segment P&Ls
Introducing segment P&Ls: Collaboration & Communications, Cyber Security and Managed Services (IT&T) Segment Reporting FY22 $ in 000’s Collaboration & Cyber Managed Corporate Total Communication Security Services (IT&T) (and eliminations) Revenue 34,982 31,397 69,615 (656) 135,338 Underlying EBITDA
Slide 5: Business segment performance insights
Despite some strong segment performance, FY22 has been a challenging year, particularly in Managed Services (IT&T) Business segment performance insights Collaboration and Cyber Security Managed Services Communication (IT&T) Footprint growth e.g. Victorian sales Ongoing high demand for cyber services
Slide 6: FY23 Outlook
We expect to see consistent performance from Collaboration and Comms plus Cyber, and for Managed Services (IT&T) to return to profit FY23 Outlook Collaboration and Cyber Security Managed Services Communication (IT&T) Revenue Range: $37M - $39M Revenue Range: $35M - $ 37M Revenue Range: $50M - $55M T
Slide 7: We are restructuring with a focus on returning to profitability
We are restructuring with a focus on returning Managed Services (IT&T) to profitability and ‘right-sizing’ corporate functions FY22 underlying adjustments Restructuring Program 2022 $ in 000’s Notes Jun Jul Aug Sep Oct Nov Dec Restructuring costs (1,413) of which (1,138) allocated to reducing corpor
Slide 8: FY22 has been a pivotal year for Spirit
FY22 has been a pivotal year for Spirit, we continue to innovate with our partners and deliver value to our customers Spirit announcements Note: Example partners shown, not exhaustive. 8
Slide 9: Disclaimer — Important Information
DISCLAIMER — IMPORTANT INFORMATION > The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination and consul
Slide 10: If you do business, do IT with Spirit
Spirit Technology Solutions Ltd (ASX: ST1) If you do business, do IT with Spirit Do IT with Spirit spirit.com.au