Slide 1: 1st Half Results FY 2023 Investor Update
1ST HALF RESULTS FY 2023 INVESTOR UPDATE - FEBRUARY 2023 ASX: AMO
Slide 2: 1st Half Highlights
1st Half Highlights Revenue EBITDA NPAT EPS DPS $40.5m $2.0m $0.7m 0.8c 0.5c Revenue growth of 5.8% on previous corresponding period. EPS of 0.8 cents. First half results in line with market guidance. Working Capital remains strong Interim dividend of 0.5 cents, fully franked Ongoing dividend payout
Slide 3: Executive Summary
Executive Summary Leading value-added distributor of high technology audio-visual (AV) and communications solutions. Distribution network of professional, commercial and residential installers, consumer electronics (CE) & musical instrument (MI) retailers, content creators, broadcasters, governm
Slide 4: Structure
Structure Capital Structure Dividends Share price ( 17 February 2023) $0.315 Interim dividend 0.5 cents per share 52 week range $0.265/$0.415 DRP suspended for interim dividend Shares on Issue 93.1M Dividend payout ratio of 64% of NPAT Options on Issue 1.3M Market capitalisation $28.9M Net deb
Slide 5: Business Segments: Integrated Solutions
Business Segments Integrated Solutions Supporting our dealer network with world class product solutions and support. Revenue 1H FY23 Of total revenue` $0.5m to Typical contract size $22.4m 55% $2.0m - Acquisition provides additional scale and allows for the creation of a new dedicated Specialist HiF
Slide 6: Business Segments: Professional
Business Segments Professional Supporting a strong dealer network and a range of media and communications users with world class product solutions and ongoing support including SaaS. Revenue 1H FY23 Of total revenue` $1.0m to Typical contract size $12.0m 30% $12.0m Key Brands Strategic Acquisitions
Slide 7: Business Segments: Retail
Business Segments Retail Exclusive brand representation in areas where product differentiation is clear in capability and value. Revenue 1H FY23 Of total revenue` $6.1m 15% Key Brands - One For All – Philips – Nura Key Customers - JB HiFi – Harvey Norman – Big W – The Good Guys – The Warehouse – Noe
Slide 8: Competitive Landscape
Competitive Landscape Integrated Solutions Professional Retail Streaming audio/video Communications IP radio Market Home entertainment Demand for small portable projection Automation of TV, Post-Production Opportunity Commercial AV Requirement for portable sound Music Production Au
Slide 9: Financials
Financials
Slide 10: Financial Highlights
Financial Highlights Commentary (A$m) 1H FY23 1H FY22 Underlying business growing, delayed project timelines now easing. Revenue 40.5 38.3 Stock availability had impact on margins. This issue has now receded. Cost of Goods (26.4) (24.6) Capacity for further organic and acquisition growth acros
Slide 11: Balance Sheet
Balance Sheet Balance Sheet Summary (A$m) 1H FY23 FY22 (A$m) 1H FY22 FY22 Current Assets 43.5 35.1 Inventory 17.2 15.6 Current Liabilities 23.5 14.4 Annualised GPROI (Average Inventory) Working Capital 20.0 20.7 Adjusted Working Capital (excluding cash) 18.0 18.5 182% 172% Non Current Assets 8.9 9.4
Slide 12: Cash Flow and Net Debt
Cash Flow and Net Debt Cash Flow Summary Net Cash/(Debt) ($m) 2.0 (A$m) 1H FY23 1H FY22 1.0 1.0 Cash provided by Operating Activities (1.5) 0.8 Cash used in Investing Activities (0.3) (1.9) - FY19 FY20 FY21 FY22 1H FY23 Cash provided by Financing Activities 1.6 1.3 (1.0) (0.9) Net increase in cash (
Slide 13: Growth Strategy and Outlook
Growth Strategy and Outlook
Slide 14: Executing Growth Strategy
Executing Growth Strategy Ambertech has a strategy for revenue and margin growth across each of our market segments. These include the following key initiatives: Expanded our reach into more system sales where we take the role of a complete supplier. Recent examples being the ABC project and Aus
Slide 15: 2H FY23 Outlook
2H FY23 Outlook Interim Dividend of 0.5 cents per share fully franked. Represents pay out ratio of 64% of NPAT. Strong start to second half and Board has confirmed its intention to target a dividend pay-out ratio of at least 50% for the full year. The challenges of timely product supply during
Slide 16: Appendix
Appendix
Slide 17: Acquisition Summary – Convoy International
Acquisition Summary – Convoy International About Convoy International • Established in 1965 as a leading importer, distributor and marketer of a wide range of: • High-fidelity loudspeakers • Amplifiers • Media players • Headphones Summary • Speakers for personal audio devices Acquisition completed
Slide 18: Recent Contract Wins and Agency Gains
Recent Contract Wins and Agency Gains New Agencies Projects During the year: Awarded a major, multi year contract with Network Ten to replace news and Breedlove Guitars production systems. Revenue in the order of $12m over 5 years with $1.3M due in Kasta Technologies the second half of FY2023.
Slide 19: Important Notice and Disclaimer
Important Notice and Disclaimer Future performance This Presentation contains certain “forward looking statements”. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “pl