Highcom Limited · ASX:HCL
Highcom — XTEK — FY2022 Earnings Presentation
15 slides from Highcom's earnings presentation, Aug 31, 2022
Slide 1: XTEK Ltd FY22 Preliminary Results
XTEK LTD FY22 PRELIMINARY RESULTS 31 August 2022 PRESENTED BY: SCOTT BASHAM GROUP CHIEF EXECUTIVE OFFICER
Slide 2: FY22 Results Summary
FY22 RESULTS SUMMARY OVERVIEW • Restructuring activities undertaken in H1 FY22 have sharply refocused business on to its core capabilities to deliver success. • Contracted orders in hand on 30 June 22 totaled $45m (77% of FY22 revenue), including US$22m of prepaid revenue, for delivery in FY23. • Gr
Slide 3: XTEK Group Overview
XTEK GROUP OVERVIEW XTEK Group is an ASX listed international Defence Industry company. The Group operates as two distinct divisions – Ballistics & Technology Division. Ballistics Division (HighCom) Technology Division Focused on designing, manufacturing, and supplying Focused on manufacturing and s
Slide 4: HighCom Armor Overview
HIGHCOM ARMOR HighCom Armor Overview Production facilities: • Columbus Manufacturing Centre (CMC), OH, USA • Adelaide Manufacturing Centre (AMC), SA, Australia Focused on designing, manufacturing, and supplying global military, law enforcement, and first responder customers with world-class, advance
Slide 5: Technology Division Overview
Technology Division TECHNOLOGY DIVISION Overview Co-located with Corporate Headquarters in Canberra, ACT, Australia. Focused on manufacturing and supplying global Defence and Security Agencies with world-leading Australian-made and globally sourced: • Systems - UAVs & UGVs solutions • Sensors - Dete
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT XTEK Limited Capital Structure (30/06/22) Shares Outstanding 100,620,244 0.5 4.50 Share Price (30/08/22) A$0.365 0.45 4.00 Market Capitalisation (30/08/22) A$36.7m 12 Month Share Price Range A$0.165 – A$0.485 0.4 3.50 Cash Balance (30/06/22) A$36.2m 0.35 Traded Volume (millions) 3
Slide 7: FY22 Profit & Loss
FY22 PROFIT & LOSS Revenue (A$m) Summary Income Statement FY21 FY22 70.0 50% Revenue A$m 28.3 58.2 60.0 COGS A$m (20.2) (30.7) 58.2 40% 50.0 Gross Profit A$m 8.1 27.4 Gross Margin % 29% 47% 30% 40.0 42.7 Operating Costs A$m 11.1 17.4 30.0 20% Underlying EBITDA A$m (3.04) 11.5 28.3 EBITDA Margin % -1
Slide 8: FY22 Balance Sheet
FY22 BALANCE SHEET FY22 Balance Sheet Balance Sheet FY21 FY22 • Cash at bank ($36.2m) includes US$22m of Cash A$m 5.9 36.2 unearned income from prepayment of contracted Accounts Receivable A$m 1.9 10.6 orders. Inventories A$m 10.7 16.4 • Group holds accumulated Tax Losses of $25m to Current Assets A
Slide 9: FY22 Cash Flow Statement
FY22 CASH FLOW STATEMENT Cash Flow Statement FY21 FY22 Cash Flow Statement (A$m) Receipts from customers A$m 43.2 51.3 40.0 Payments to suppliers and employees A$m (42.3) (25.1) 35.0 36.2 Operating Activities A$m (0.3) 26.0 30.0 29.9 25.0 Payments for equipment A$m (8.4) (1.9) 20.0 Investing Activit
Slide 10: FY22 Attribution
FY22 ATTRIBUTION Revenue Attribution (A$m) $50.0 $47.0 $40.0 $30.0 $20.0 $16.1 $10.0 $12.1 $11.1 $0.0 FY21 FY22 Technology Division Ballistics Division Attribution by Division: • Technology Division contribution of $11.1m (19%) of Group in FY22 vs $12.1m (42%) in FY21 • Ballistics Division (HighCom)
Slide 11: Global Macro Tailwinds
GLOBAL MACRO TAILWINDS The Group believes that the current growth trend being experienced by the business for the advanced, life saving, personal ballistic protection equipment it makes, and the world leading reconnaissance and surveillance UAVs and UGVs it supplies, will continue for the foreseeabl
Slide 12: XTEK Strategic Growth Strategy
XTEK STRATEGIC GROWTH SRATEGY • At the end of FY22, with a laser sharp focus on our core markets and customers, the Group has a clear strategy in place going forward for growth and continued success: Reinforce Success Seek Adjacencies Create Our Future • Invest in the areas of our • Find new busines
Slide 13: FY23 Outlook
FY23 OUTLOOK • Following a transformational FY22, and thanks to our strong cash position, growing order backlog, and large pipeline of new global sales opportunities, FY23 is shaping up to be very promising for the Group as we continue to execute our plans for revenue and profitability growth. • On
Slide 14: Protect & Sustain
PROTECT & SUSTAIN
Slide 15: Disclaimer
DISCLAIMER This presentation is given on behalf of XTEK Limited (XTEK) Information in this presentation is for general information purposes only, and is not an offer or invitation for subscriptions, purchase of recommendation of securities in XTEK. Certain statements in this document regarding the C