Swift Tv Limited · ASX:STV
Swift Tv — H1 FY2023 Earnings Presentation
12 slides from Swift Tv's earnings presentation, Feb 28, 2023
Slide 1: More than Entertainment: H1 FY23 Results Presentation
More than Entertainment H1 FY23 Results Presentation 28 February 2023
Slide 2: Introduction to Swift
Introduction to Swift Swift’s three E’s drive our strategy and position us as the only company in Australia to deliver a truly customer-centric end-to-end solution of the same depth and breadth. 1 2 3 Entertain Engage Enable The latest Movies all in one place under one Customisable product Proprieta
Slide 3: How our three E's come to life with Swift Access
How our three E’s come to life with Swift Access Swift delivers value beyond what you would expect from a mass market offering. Powered by proprietary low bandwidth technology to deliver Bespoke remote control overcome accessibility a reliable and stable solution to remote locations challenges commo
Slide 4: Investment opportunity
Investment opportunity The first half of FY23 1 Increased profitability of the Swift business annualized Enterprise Swift installed its EBITDA approaching $2.0 million. flagship product, Swift 2 Growth in recurring revenue base of $13.8 million with multi-year Swift Access contracts with existing cu
Slide 5: Key highlights – foundations for growth
Key highlights – foundations for growth $13.8 million annualised recurring revenue Strong sustainable gross margin improvement Successful large-scale installation of market- Project Revenue Up 42% leading Swift Access system Aged Care partnership with Hubify Award of new long-term contracts for Swif
Slide 6: H1 FY23 EBITDA Improvements
H1 FY23 EBITDA Improvements H1 Revenue H1 Enterprise EBITDA H1 Group EBITDA $9.6m $916,000 $416,000 10% 800% 200% Annualised Recurring H1 Recurring Revenue Cash Position Revenue $6.9m $13.8m $1.6m (1) EBITDA is a non-IFRS measure
Slide 7: Results summary
Results summary Key points $ millions H1 FY23 H1 FY22 % • Recurring revenue slight increase over the prior corresponding period. The effect from the H1 rollout of Recurring Revenue 6.9 6.8 1% Swift Access on Recurring revenue expected in H2. Project Revenue 2.7 1.9 42% • First-half project revenue i
Slide 8: Balance sheet
Balance sheet $ millions 31 Dec 2022 30 Jun 2022 Cash 1.6 3.8 Key points Receivables 4.0 2.5 Inventory 1.3 0.8 • Cash balance $1.6m as at 31 December 2022. Other current assets 0.4 0.6 Total current assets 7.3 7.7 • Cash reduction largely offset by $2.0 million increase Intangible assets 2.3 2.0 in
Slide 9: Cash flow summary
Cash flow summary $ millions H1 FY23 H1 FY22 Cash receipts from operations 9.2 9.6 Cash payments for operations (9.5) (10.4) Key points Finance costs (0.5) (0.4) Interest received 0.0 0.0 • Receipts from operations comparable between Government grants 0.0 0.1 periods allowing for timing variations.
Slide 10: Achievement & outlook
Achievement & outlook H1 FY23 Achievements Focus for H2 FY23 Large scale installation of Swift Access in Mining 1. Margin improvement driven by recently installed Swift Access Partnership with Hubify in Aged Care sector 2. Continue to invest in brand recognition to become the Product and Service pro
Slide 11: Important Notices
Important Notices This document has been prepared by Swift Networks Group Limited (ACN 006 222 395) (Company) and is current at the date of this document. The information contained in this document is a summary only and does not purport to be all inclusive or to contain all the information that a pr
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