13 slides from D-box Technologies Inc. Class A's earnings presentation, August 2024
Slide 1: Q1 2025 Earnings Presentation
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Slide 2: Disclaimer
Disclaimer Caution Regarding Forward-looking Information This presentation contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future pl
Slide 3: Q1 2025 Financial Results Summary
Q1 2025 Financial Results Summary ▪ Soft quarter, as expected ▪ System sales reflect timing differences in orders from Simulation & Training customers ▪ Theatrical business saw lingering effects from strikes last year ▪ Weaker slate of movies during the quarter ▪ Sim racing revenues increased $1.1 m
Slide 4: Q1 2025 Financial Results Summary
Q1 2025 Financial Results Summary Steps taken for driving Q1 2025 Q1 2024 ($000’s) profitable growth going Rights for use, rental & forward: 2,436 3,011 maintenance revenues ▪ Amended credit Systems sales revenues 6,326 7,480 agreement Total revenues 8,762 10,491 ▪ Organizational Gross profit exclud
Slide 5: Trailing 4 Quarters
Trailing 4 Quarters ($ thousands) 40,000 $37,500 $37,868 Total revenues +1% 35,000 30,000 Rights for use, rental & +3% maintenance revenues 25,000 20,000 Systems sales revenues -7% 15,000 10,000 Adjusted EBITDA -18% 5,000 $2,434 $2,064 0 TTM Q1-24 TTM Q1-25 Total revenues Adjusted EBITDA 5
Slide 6: Favourable Amendments to Credit Agreement
Favourable Amendments to Credit Agreement On July 31st, announced amendments to loan facilities with National Bank ▪ Operating line of credit limit increased from $5.5 million to $8 million Provides more capacity and ▪ Removal of the Maximum Capital flexibility for Expenditure financial covenant gro
Slide 7: Organizational Restructuring
Organizational Restructuring Restructuring executed to reduce our cost structure and tighten commercial execution ▪ Reducing workforce by ~8% by fiscal year end ▪ Unified sales and marketing leadership (see next slide) ▪ More information to be provided with Q2 results 7
Slide 8: Streamlined Sales & Marketing
Streamlined Sales & Marketing Changes made to: • Fully focus on commercial markets • Pivot Simulation & Training from nurturing to hunting mode • Increase impact and reduce costs Jean-François Gagnon, Senior Vice President ▪ Responsible for driving sales and aligning marketing initiatives ▪ Extensiv
Slide 9: Board Refresh
Board Refresh Proposed slate of 7 directors Existing: Sébastien Mailhot, CEO | Brigitte Bourque | Zrinka Dekic New: Daniel Marks | Dave McLurg | Marie-Claude Boisvert | Naveen Prasad 6 4 3 independent new female 9
Slide 10: Encouraging Signs at the Box Office for FY2025 Q2+
Encouraging Signs at the Box Office for FY2025 Q2+ 10
Slide 11: Strengthened Partnership with Kindred Concepts
Strengthened Partnership with Kindred Concepts Signed agreement directly with Kindred Concepts ▪ Tighter agreement for purchase of systems ▪ Improved visibility Next F1 Arcade locations: ▪ Washington, USA (Fall 2024) ▪ Las Vegas, USA (2025) 11
Slide 12: Outlook
Outlook ▪ Better positioned for driving profitable growth in line with our strategic decision to focus on commercial markets ▪ Targeting improved profitability for current year and beyond ▪ Uncertainty around geopolitical and economic environment 12
Slide 13: Q&A
Q&A For more information: ▪ Visit d-box.com ▪ Email investors@d-box.com ▪ Follow us on LinkedIn at linkedin.com/company/d-box-technologies