Spacetalk Limited · ASX:SPA
Spacetalk — Shareholder Meeting (November 2022)
20 slides from Spacetalk's shareholder meeting presentation, Nov 23, 2022
Slide 1: ASX Announcement – Annual General Meeting Presentations
ASX Announcement Spacetalk Ltd. (ASX:SPA) 23 November 2022 For personal use only ASX ANNOUNCEMENT – ANNUAL GENERAL MEETING PRESENTATIONS In accordance with the ASX Listing Rules, the Chairman’s and CEO addresses and presentations to the Annual General Meeting (“AGM”), are appended. This announcement
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS Given the geographical dispersion of our shareholders, we are holding this meeting virtually. The Directors would have liked to have met in person and we will do so in the years to come, but we consider this format as working best at this stage of the Company’s development. So, gr
Slide 3: Chairman's Address (conclusion)
Spacetalk shareholders, thank you again. I hope we can count on your ongoing support as we strive to seize the opportunities before of us. We are all working together to position Spacetalk for long-term sustainable value growth. I will now hand over to Saurabh to provide a company update. For person
Slide 4: CEO's Address
CEO’S ADDRESS Good morning Spacetalk shareholders. I am Saurabh Jain, your Acting CEO and Managing Director. It is a pleasure to be here with you today. As the Chairman noted, I have stepped in as Acting CEO and Managing Director for a brief For personal use only period to facilitate a leadership tr
Slide 5: CEO's Address (continued)
reduce the cost of our next-generation Adventurer watch (there will be an annual update) so we can compete at a lower price point if we want to. From a product strategy perspective we will launch a new sub $250, maybe even sub $200 watch around the middle of next year, before this we would have also
Slide 6: CEO's Address (continued)
Also as part of the renegotiations we have agreed to a warrant of 90 million shares at the price that you can see below. If exercised at 6 cents, it will give us enough money to pay back our debt to Pure. To help recapitalise the business as announced we will be looking to raise up to $4 million by
Slide 7: November 2022
For personal use only AGM Presentation 23 November 2022
Slide 8: Agenda
01 Product Market View For personal use only 02 Product Road Map Agenda 03 Regional Overview 04 Cost and Cash Plan 05 Pure Update 06 Capital Raise 07 CEO succession plan
Slide 9: Product Market View
Age > 7 Age 8-12 Age 12+ For personal use only 5 High end Kids 18 Premium wearable 27 Budget market v2 Adventurer X6 Pro 0 5 7 Trackers X5 Price Market 0 attractiveness Xgo3 Features
Slide 10: Our competitive advantage is our software
For personal use only Our competitive advantage is our software
Slide 11: Product Market View (next gen)
Age > 7 Age 8-12 Age 12+ For personal use only 5 High end Kids 18 Premium wearable 27 Budget market v2 Adventurer X6 Pro 0 5 7 Trackers X5 Price Market 0 attractiveness Xgo3 Next gen Features
Slide 12: Product strategy
Product strategy For personal use only Oct ‘17 Dec ‘20 Dec ‘22 Services Ongoing, app subscription Over the top services 1 OTS 2 Jumpy Sim Products Premium Adventurer 1 Adventurer 2 > $300 Budget New Gen Kids 1 End of life < $250
Slide 13: Regional update
For personal use only Regional update Au/NZ Market EU/UK Market US Market Entering a new market Entered in Dec 17 Entered in Sep - 19 Entered in Dec - 21 takes 3-4 years to grow scale Gross profit AU $14mill GP $1.7mill with a cash GP $0.38mill with a (12 months to Sep 22) burn rate for UK market ca
Slide 14: Regional update
Devices Revenue Cummulative by Quarter by Region ANZ UK 30,000,000 For personal use only 25,000,000 20,000,000 15,000,000 Regional 10,000,000 5,000,000 - update App Subscriptions Cummulative by Quarter 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 -
Slide 15: Cost and cash plan
Cost and cash plan For personal use only Cost optimisation Looking at additional Building capabilities to plan is underway capital management further optimise the cost improvements base
Slide 16: Pure update
Terms of the • $5mill of debt agreement • $2mill payable 1st July 2024 For personal use only • $3mill payable 20th March 2025 • 9.5% interest Pure update Covenants Renegotiated to a more appropriate level focused on cash in bank Warrants 90mill shares The lower of the following per Warrant: (a) A pr
Slide 17: Capital raise
Capital raise For personal use only Capital raise project Raising will be by way of a non- Veritas proceeding as prior renounceable rights issue of 1 will be leading discussed/approved new share for every 1.65 the raise with a view to raising a currently held. An option minimum $3.0 million exercisa
Slide 18: CEO succession plan
For personal use only Hardware to Software transition 01 We have commenced recruitment 02 Saurabh has agreed to stay for as long as 03 needed CEO succession plan
Slide 19: Summary
Summary For personal use only Best user ratings in Budget watch to Increase our ARPU market compete in different segment Australia is mature, Quality low cost Renegotiated caveats, Clear view on CEO with UK/EU growing operator with prudent reduced interest rate, extended succession plan and US emerg
Slide 20: spacetalkwatch.com
For personal use only spacetalkwatch.com