Thorney Technologies Limited · ASX:TEK
Thorney Technologies — FY2022 Earnings Presentation
12 slides from Thorney Technologies's earnings presentation, Sep 1, 2022
Slide 1: Thorney Technologies Ltd FY2022 Results
For personal use only THORNEY TECHNOLOGIES LTD FY2022 Results August 2022
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation has been prepared by Thorney Technologies Ltd “TEK” and does not constitute or form Neither TEK nor any other person accepts any liability and TEK, its related bodies corporate and their part of, and should not be construed as, an offer, solicitatio
Slide 3: About TEK
For personal use only ABOUT TEK Thorney Technologies Ltd (TEK) has a broad mandate to invest in technology-related investments at all phases of the investment lifecycle. TEK seeks to identify listed and unlisted companies with new and disruptive technology and business models and invests in a broad
Slide 4: Investment Objectives
For personal use only INVESTMENT OBJECTIVES 01 02 Deploy investment capital Producing absolute into listed and unlisted returns for technology companies shareholders over the medium- to long-term Thorney Technologies Ltd FY2022 Results | August 2022 4
Slide 5: FY22 Financial Results
For personal use only FY22 FINANCIAL RESULTS Net loss after tax for the year $(45.2)m NTA per share (before tax) 31.9 cents Down 34.7% on FY21 NTA per share (after tax) 36.4 cents Down 25.0% on FY21 Thorney Technologies Ltd FY2022 Results | August 2022 5
Slide 6: Portfolio Investments as at June 2022
PORTFOLIO INVESTMENTS AS AT 30 JUNE 2022 LISTED: TOP 5 INVESTMENTS30 JUNE 2022 For personal use only RANK COMPANY % OF PORTFOLIO 1 Calix Ltd 14.5 2 Imugene Ltd 3.7 3 Iris Energy 2.8 4 Nitro Software Ltd 2.6 5 Credit Clear Ltd 2.4 UNLISTED: TOP 5 INVESTMENTS30 JUNE 2022 RANK COMPANY % OF PORTFOLIO 1
Slide 7: Market Performance
For personal use only MARKET PERFORMANCE TEK NTA VS. S&P SMALL ORDINARIES ACCUM. INDEX 12 MONTHS TO 30 JUNE 2022 60.0 11,500 11,000 55.0 10,500 50.0 10,000 9,500 45.0 9,000 40.0 8,500 8,000 35.0 7,500 30.0 7,000 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 TEK
Slide 8: Portfolio Snapshot – Listed Companies (1/2)
For personal use only PORTFOLIO SNAPSHOT – LISTED COMPANIES (1/2) Calix Ltd (CXL.ASX) • Experienced a 128% increase in its share price in FY2022 • Largest position in TEK investment portfolio • Core, multi-application technology is helping to tackle global climate change issues through emissions red
Slide 9: Portfolio Snapshot – Listed Companies (2/2)
For personal use only PORTFOLIO SNAPSHOT – LISTED COMPANIES (2/2) Credit Clear Ltd (CCR.ASX) • Challenging FY2022 from a share price perspective • With strengthened balance sheet and constructive changes to management and Board, TEK maintains its commitment to supporting CCR’s technology aiming to d
Slide 10: Portfolio Snapshot – Unlisted Companies
For personal use only PORTFOLIO SNAPSHOT – UNLISTED COMPANIES Updater Inc. • Largest unlisted investment • Chose to defer potential liquidity event due to market conditions • Maintains its strong balance sheet to fund its growth aspirations • Awarded large-scale military relocation contract which pr
Slide 11: Outlook
OUTLOOK For personal use only • TEK believes there has never been a better time to invest in the exciting and disruptive technology sector • Patient investors are well placed to be rewarded over the long term • TEK is optimistic about the composition of the investment portfolio between listed and un
Slide 12: Contact
For personal use only CONTACT Corporate Investors Craig Smith, Company Secretary Gabriella Hold, Market Eye E: craig.smith@thorney.com.au E: gabriella.hold@marketeye.com.au T: + 61 3 9921 7116 T: + 61 411 364 382 Thorney Technologies Ltd FY2022 Results | August 2022 12