Slide 1: Atomos FY24 Results Presentation
Atomos Ltd (ASX:AMS) Hardware. Software. Cloudware. Atomos FY24 Results Presentation
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer The information contained in this document (“Document”) has been prepared by Atomos Limited ACN 139 730 500 (referred to as “Atomos” any person in connection with a proposed investment in the Company constitutes, or is to be taken as constituting, the giving of invest
Slide 3: Atomos is known for world class product innovation and design
Atomos is known for world class product innovation and design… Over 100,000+ active users 500,000 units sold lifetime Automated production is the future 3
Slide 4: Our flagship products are used all across the content creator universe
Our flagship products are used all across the content creator universe… Ninja Phone Shinobi II Ninja Sun Dragon Turns your smartphone into a high-end Lightweight and high brightness monitor; Flagship monitor recorder that connects World’s first sun spectrum, waterproof, recorder, monitor and streame
Slide 5: Atomos - Returning to our core strengths
Atomos - Returning to our core strengths … The Vision Focus on the Art Empower the democratisation of content creation in the Social, User-friendly designs that make video production simple intuitive and Pro Video & Entertainment Markets creative. Enabling creatives to focus on their art. Weddings,
Slide 6: FY24 – Executive Summary
FY24 – Executive Summary Renewed focus on leveraging our core strengths to rebuild into a growth business • H2’24 sales of $18.3m, up 5.1% on H1 with underlying gross margin improving to 39% in Q4’24 (40% in June 2024) • Right-sized fixed operating costs – reduced headcount from ~150 (during FY22) t
Slide 7: Capital Structure
Capital Structure Corporate Structure AS AT 30 August 2024* Atomos Ltd (ASX:AMS) Stock Chart Shares on Issue 1,213,662,308 $0.060 14m Share Price ($) Volume Share Price Volume Share Price $0.043 $0.055 12m $0.050 Market Capitalisation ($) $52.2M $0.045 10m Options on Issue (listed, ex Nov-25, $0.03)
Slide 8: FY24 Financials
FY24 Financials 8
Slide 9: FY24 – Revenue & Gross Profit margins
FY24 – Revenue & Gross Profit margins 12.0 50% • A$m $18.3m in H2 FY24, up 5.1% on H1 FY24 10.1 – Driven in part by new management reinvigorating sales & 10.0 40% marketing of existing products and launching new innovative 8.8 8.7 products creating demand across other product categories 8.2 39% 8.0
Slide 10: Underlying Proforma Profit & Loss
Underlying Proforma Profit & Loss A$m FY23 FY24 •1 FY24 sales of 35.7m, down 16% pcp 30 June Year End (Proforma)1 (Proforma)1 •2 Underlying (proforma) gross profit margin of 34%, up from 20% pcp Revenue 42.8 1 35.7 – Reported gross profit margin of 31% (vs 11% in FY23) COGS (34.1) (23.7) •3 Variable
Slide 11: Balance Sheet
Balance Sheet FY23 FY24 A$m - 30 June Year End Audited Proforma •1 $2.9m cash as at 30 June Cash 2.9 1 2.9 – Potential additional cash inflow of $16.5m if all listed options Trade and other receivables 5.2 5.0 (exercise price of $0.03) were exercised Inventories 15.4 2 8.7 •2 Excessive inventory bal
Slide 12: Outlook
Outlook
Slide 13: Summary – Next chapter in the Atomos journey
Summary – Next chapter in the Atomos journey ... Grow from Strength New Adjacent Markets • Atomos core monitor-recorder market stable • Enter adjacent LED On-Set & Studio Lighting - NEW unique tech • Maintain revenue $40m+ at 40%+ gross profit margins • Products announced and shipping in September 2
Slide 14: Appendix
Appendix
Slide 15: P&L - Statutory to Proforma Bridge
P&L - Statutory to Proforma Bridge A$m FY23 Capitalised FY23 FY24 FY24 One-offs One-offs 30 June Year End (Statutory) R&D costs (Proforma) (Statutory) (Proforma) Revenue 42.8 42.8 35.7 - 35.7 COGS1 (38.1) 3.9 (34.1) (24.5) 0.8 (23.7) Gross Profit 4.7 3.9 8.7 11.2 0.8 12.0 Gross Profit Margin % 11% 2
Slide 16: Ninja Phone – Now phones can be Ninjas too
Ninja Phone – Now phones can be Ninjas too Expanding upon existing market opportunity • Video co-processor for the latest iPhones that lets you record from professional cameras onto the iPhone’s storage • Unique HDMI to USB-C, professional adaptor that securely attaches to the back of an iPhone 15 P
Slide 17: The 'Light Bulb/LED Moment' – introducing Ninja Dragon
The 'Light Bulb/LED Moment’ – introducing Ninja Dragon New Adjacent Markets Expand into LED On-Set & Studio Lights • Unique sun spectrum, Ninja controllable camera LED lights • Waterproof, flexible strip light design • Place anywhere, bend, shape and mount technology • Achievable adjacent market pen
Slide 18: New Products and Markets: LED On-Set & Studio Lighting
New Products and Markets: LED On-Set & Studio Lighting Portfolio of new products and market – complementary to Atomos' existing flagship products Atomos brings innovation and creative flexibility to simple LED lighting Ninja Dragon can be LED panel, striplight or focused beam light Various competito
Slide 19: Control lights, cameras and monitors from your Ninja!
Control lights, cameras and monitors from your Ninja! A suite of intuitive cloud-based production services to allow creators to focus on their art, not on the tech Simpler, Faster and Higher Quality production workflows Atomos Technology makes this possible 19
Slide 20: Hardware. Software. Cloudware.
Hardware. Software. Cloudware.