Ikegps Group Ltd · NZX:IKE
Ikegps — Investor Presentation (July 2025)
39 slides from Ikegps's investor presentation, Jul 10, 2025
Slide 1: Accelerating growth – Investing in the next-gen platform
Accelerating growth – Investing in the next-gen platform Capital Raise Investor Presentation We’re IKE, the Pole OS Company Glenn Milnes, CEO & Managing Director +1 720-418-1936 / glenn.milnes@ikegps.com 10 July 2025
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The following notice and disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting this
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer FUTURE PERFORMANCE Certain statements made in this Presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on IKE’s current expectations, estimates and projections about the industries in which it opera
Slide 4: Important Notice & Disclaimer
Important Notice & Disclaimer DISCLAIMER The information contained in this Presentation has been prepared in good faith by IKE. No representation or warranty, expressed or implied, is made by any person (including by any of the Specified Persons (as defined below)) as to the fairness, currency, accu
Slide 5: Important Notice & Disclaimer
Important Notice & Disclaimer Share Purchase Plan The offer booklet for the SPP will be available to eligible shareholders in New Zealand and Australia following its lodgement with the NZX and ASX. Any eligible shareholder who wishes to participate in the SPP should consider the SPP offer booklet in
Slide 6: Company & Market Opportunity Overview
Company & Market Opportunity Overview IKE Overview Massive U.S. Market Opportunity IKE’s software products deliver high productivity outcomes for Global Electrification Investment is customers to plan, design and maintain electrical grid happening at a once-in-a-generation infrastructure scale, driv
Slide 7: Investment Highlights
Investment Highlights Leading U.S. Electric • Trusted by tier-1 utility providers, 8 of the 10 largest investor-owned utilities in North America are standardising on IKE Utilities are Standardising • >400 customers in North America with 72 new subscription customers added during FY25, or approximate
Slide 8: Equity Raising Overview
EQUITY RAISING OVERVIEW
Slide 9: Offer Summary
Offer Summary • Fully underwritten institutional placement of approximately 22.2 million New Shares equating to approximately A$18.0 million (approximately NZ$19.6 million) under the Offeror’s placement capacity under NZX Listing Rule 4.5 (“Placement”); and Equity Raising • IKE will also undertake a
Slide 10: Use of Funds
Use of Funds Use of Funds Description A$ + IKE will have pro-forma cash of approximately A$27.4/NZ$29.8 million1 after completion of the Offer New Products Two new subscription software A$10.0 million Development modules + Funds raised will be used to maintain and extend IKE’s market leadership thro
Slide 11: Timetable
Timetable Event AEST Indicative Date and Time1 NZST Indicative Date and Time1 Record Date for eligibility to participate in SPP 7.00pm Wednesday, 9 July 2025 9.00pm Wednesday, 9 July 2025 Trading halt and launch of Placement 6.30am Thursday, 10 July 2025 8.30am Thursday, 10 July 2025 Trading halt li
Slide 12: Investing in New Products
INVESTING IN NEW PRODUCTS In partnership with IKE’s customer council that includes many of the largest investor-owned utilities in the U.S. market
Slide 13: New Subscription Product Modules: Investment Case and Targeted Industry Impacts
New Subscription Product Modules : INVESTMENT CASE AND TARGETED INDUSTRY IMPACTS + IKE works with a customer council that includes senior network Standards leaders from many of the largest electric utilities in the U.S. + Following the significant commercial success of the customer-council led proce
Slide 14: Recent Highlights
RECENT HIGHLIGHTS
Slide 15: FY25 Performance Headlines
FY25 Performance Headlines + Exit run rate of annual platform subscription revenue grew to NZ$17.6m (+48% vs pcp1). + Total recognized revenue in the period of NZ$25.2m (+19% vs pcp1), with recognized revenue in 4Q of NZ$6.6m. Comprising the above was: + Subscription revenue of NZ$14.4m (+34% vs pcp
Slide 16: FY25 Results: Ongoing Subscription Revenue Growth
FY25 Results: Ongoing Subscription Revenue Growth Takeaways: • +48% YoY growth in the exit run rate (ERR) of annual platform subscription revenue. • Subscription seat license growth of +103% YoY. • YoY subscription revenue CAGR of 34%. • Recurring subscription and re- occurring transaction revenue (
Slide 17: FY26 Outlook
FY26 Outlook Based on contracts in place and broader momentum in the business, the outlook includes: + Subscription revenue to continue to increase strongly, at growth levels of 35% or greater. + To be approximately EBITDA break-even on a run rate basis within the second half of FY26. + IKE’s focus
Slide 18: Company Overview
COMPANY OVERVIEW
Slide 19: Recurring subscription to access any IKE Solution
• A recurring subscription to access any IKE Solution • Additive, recurring revenue based on usage (license seats or transactions) AI for whole-of network Digitizing network Pole loading analysis and • Optional value-added distribution Planning Assessment structural Design, Maintenance & Resilience
Slide 20: The Top 8 IKE Customers
Total Australian Market, ~11m homes & businesses Total Luma Energy Duke Energy The Top 8 IKE Customers: ~43m homes & businesses, Consumers Energy >4x the entire Australian market Entergy Standardized on IKE National Grid Florida Power & Light Southern Company Exelon Group Millions of Electricity Cus
Slide 21: Where IKE sells: Market-Map of Investor-Owned Utilities
Where IKE sells: Market-Map of Investor-Owned Utilities (multi- SB companies) A huge U.S. expansion opportunity......
Slide 22: Takeaways
Takeaways ➢ Market timing is everything ➢ IKE is in the right place, at the right time, and with the right technology, team and execution capability ➢ Today, IKE has a presence in approximately 6% of addressable customers but is estimated to be only 20% penetrated. So, an opportunity to: ➢ Develop a
Slide 23: Communications infrastructure investment
>$300B >$50B Anadditional >200 >2,000 expected expected >$60Bexpected Communications engineering service investmentinto fiber investmentinto 5G investmentinto rural companies providers network network broadband competingto build supporting developmentin the developmentin the developmentas part netwo
Slide 24: Takeaways: Opportunities
Takeaways: ➢ 8 of the 10 largest Investor-Owned Utilities (“IOUs”) in North America, all multi-billion dollar businesses ➢ >400 customers in North America, with 72 new logos added in FY25 ➢ >5,000 enterprise target accounts to pursue overall Opportunities to: • Grow, up-sell and cross-sell IKE produ
Slide 25: Requirement for higher capacity distribution power networks across North America
Requirement for harder and higher >3,200 capacity distribution power networks Electric Utilities in North America with long-term, recurring distribution across all of North America network hardening, joint use, and capacity needs for electrical distribution 7+ year macro-market tailwind of fiber >35
Slide 26: Customer success and product team
Liz Etzel Sara Deere Product Manager: Knows virtually Systems Engineer: Current holder of every customer and is persnickety the world-record for running customer about exemplary customer field teams with the least recollects. experience. Jessica Walker Dan Allan IKE Analyze Manager: Delivers every D
Slide 27: Board Members
Board Members Alex Knowles Glenn Milnes Mark Ratcliffe Fred Lax Roz Buick Chair and Director CEO & Managing Director Independent Director Independent Director Independent Director (MBA (Dist.), BSc (Hons), B PhD) (MSEE AND BSEE) Alex has investing and operating Glenn Milnes is the CEO and Mark was t
Slide 28: An experienced exec team of North American market experts
An experienced exec team of North American market experts Glenn Milnes Malcolm Young Lydia Siloka Ani Adzhemyan CEO & Managing Director SVP Structural Analysis and Head of IKE Head of People Chief Marketing Officer (MBA (Dist.), BSc (Hons), B PhD) Structural Glenn Milnes is the CEO and Managing As V
Slide 29: An experienced exec team of North American market experts cont.
An experienced exec team of North American market experts cont. Chris DeJohn Jareth Rossking Leon Toorenburg Brett Willitt Senior Vice President of Sales and Head of Engineering Chief Technical Officer SVP Product Business Development Chris brings a wealth of experience in the Jareth leads our engin
Slide 30: Key Risks
Key Risks This section describes the key risks that IKE has identified in connection with the equity raise. IKE considers it important that these key risks, and their potential effect on the future operating and financial performance of IKE and IKE’s share price, are specifically highlighted to inve
Slide 31: Key Risks
Key Risks Business strategy execution IKE’s success will depend on its ability to successfully execute its business strategy. IKE’s future growth, profitability and cash flows depend on the ability of IKE’s management to successfully execute its business strategy, which is dependent on a number of f
Slide 32: Key Risks
Key Risks Intellectual property risk IKE relies on its ability to protect its intellectual property. IKE relies on a combination of copyright and trademark laws, non-disclosure agreements with clients and technology providers, and technical measures to protect its intellectual property rights and pr
Slide 33: Key Risks
Key Risks Underwriting risk IKE has entered into an underwriting agreement pursuant to which Shaw and Partners Limited and Unified Capital Partners Pty Ltd (Joint Lead Managers) have agreed to underwrite the Placement (Underwriting Agreement). The SPP will not be underwritten. If any of the customar
Slide 34: Key Risks
Key Risks Underwriting risk (cont.) ‒ the due diligence questionnaire or any other information supplied by or on behalf of IKE to the relevant Lead Manager in relation to IKE, its subsidiaries, or the Placement being inaccurate, incomplete, misleading or deceptive (including by omission); ‒ any offe
Slide 35: Key Risks
Key Risks Underwriting risk (cont.) • the S&P/NZX 50 Index or the S&P/ASX Small Ordinaries Index falls to a level that is 10% or more below its level as at the close of trading on the business day prior to the date of the Underwriting Agreement: ‒ at any time on the Placement closing date; ‒ at any
Slide 36: Key Risks
Key Risks Underwriting risk (cont.) • IKE does not deliver, or cause to deliver, the relevant Placement shares to the settlement agents advised by the Lead Managers; • a certificate which is required to be provided by IKE under the Underwriting Agreement is not provided when required. If a Joint Lea
Slide 37: Foreign Offer Restrictions
Foreign Offer Restrictions This document does not constitute an offer of new ordinary shares (New Shares) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country
Slide 38: Foreign Offer Restrictions
Foreign Offer Restrictions SINGAPORE This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connecti
Slide 39: Thank You
Thank You