iWOW Technology Limited · SGX:NXR
iWOW Technology — H1 2023 Earnings Presentation
28 slides from iWOW Technology's earnings presentation, Dec 15, 2022
Slide 1: Investor Presentation 1H2023 Financial Results
Investor Presentation 1H2023 Financial Results 15 DECEMBER 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by iWOW Technology Limited (“IWOW Technology”, “IWOW” or the “Company”) to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and it
Slide 3: Agenda
Agenda • Company Overview • Financial Updates • Business Updates • Strategies/ Investment Merits • M&A iWOW Investor Presentation |
Slide 4: Company Overview
JO iIWOW Company , Overview
Slide 5: Homegrown IoT Technology Company
HOMEGROWN IOT TECHNOLOGY COMPANY ◼ iWOW is a homegrown Singapore technology provider specializing in offering comprehensive IoT solutions Business ◼ Our products and services are used by various government agencies and large corporates in Singapore Description ◼ Our Group utilizes open and proprieta
Slide 6: Our vision and mission
Our vision A smarter, greener, and safer world through our innovations in wireless technology solutions Our mission To provide innovative IoT solutions for an increasingly urbanised, aging and resource constrained world APOLLO INVESTOR DAY 2021
Slide 7: Slide 7
Slide 8: iWOW at a glance
iWOW at a glance Who we are ◼ Our Group is a technology provider specialising in offering vertically integrated solutions which utilise wireless communications technologies to connect devices and sensors to cloud-application servers for a variety of applications ◼ Established and strong track record
Slide 9: iWOW offers a uniquely comprehensive spectrum of IoT solutions
iWOW offers a uniquely comprehensive spectrum of IoT solutions Unique “One Stop Shop” IoT Technology Provider with proven R&D competency Networks / Hardware Software Cloud Services Operations Communications ◼ Smart Meter ◼ Smart Metering ◼ Data Centre ◼ 3G/4G/5G ◼ Technical Modems ◼ Emergency Alert
Slide 10: Well-positioned to capture robust tailwinds and megatrends
Well-positioned to capture robust tailwinds and megatrends … Increasing P r o l i f e ra t i o n Confluence of demand for of enabling m e g a t re n d s I oT s o l u t i o n s te c h n o l o g i e s c a ta l ys i n g g row t h ◼ Advancement in new technology standards such as ◼ Megatrends which are
Slide 11: Our key products and services
Our key products and services Segment Product / Solution Description Nature of revenue Smart Metering Deployment of Smart Metering solution Smart City Project Fees Design and supply of the contact tracing Solutions Trace Token solution and Trace Token (“SCS”) Product Sales Alarm Alert System Deploym
Slide 12: 1H2023 Financials
FESR iwOW 1H2023 ~ Financials
Slide 13: Financial Highlights
Financial Highlights Revenue Net Asset Value per share2 40 IaS SCS Trading & Others 5 35 (S$ millions) 30 4 25 Cents 17.5 3 6.0 20 17.1 15 2 3.6 10 3.2 5 2.3 1 0 0 1H2021 1H2022 1H2023 1H2022 FY2022 1H2023 Adjusted Net Profit 1 Adjusted Net Profit Margin1 5 20% 17.1% 4 15% 14.1% (S$ millions) 3 10%
Slide 14: Financial Highlights – 1H2023
Financial Highlights – 1H2023 PBT Breakdown Revenue Breakdown (Excluding unallocated) 6.9% 4.3% 17.7% 38.1% 57.5% 75.4% IaaS SCS Trading & Others IaaS SCS Trading & Others iWOW Investor Presentation | 14
Slide 15: Financial Highlights – P&L
Financial Highlights – P&L IaaS SCS Trading & Others Unallocated Total S$'m 1H23 1H22 1H23 1H22 1H23 1H22 1H23 1H22 1H23 1H22 Revenue 3.0 1.8 12.9 15.1 1.2 0.6 0.0 0.0 17.1 17.5 Other operating income 0.0 0.0 0.1 0.0 0.0 0.0 0.3 0.0 0.4 0.0 Changes in inventories & raw materials used -0.1 -0.4 -9.8
Slide 16: Order Book Continues To Be Robust
Order Book Continues To Be Robust S$54.4 million Product / Segment S$56.0 million Product / Segment As of 30 Sep 2022 As of 30 Jun 2022 0.3 0.8 0.3 2.3 Smart Metering & Others 1.7 Others (Smart City Solutions & (Smart City Solutions) IoT-as-a-service) Smart Metering Alarm Alert System (“AAS”) (Smart
Slide 17: Business Updates
SiS iI~OW Business. ; Updates
Slide 18: Business Updates
Business Updates Enhancement of our IoT offerings Expansion of our customer base ❑ Upgrading our smart metering solution to better ❑ Completed Phase 2 of Alarm Alert System - AAS support new GREENMARK 2021 certification (consisting of 32 HDB blocks as well as Ubin and southern ❑ Piloting SOS Tokens
Slide 19: Japan Smart City Trade Show
JAPAN SMART CITY TRADE SHOW 29 Jun- 1 Jul 2022 iWOW Investor Presentation |
Slide 20: Laser-focused on opportunities from government and business spending in digitalization and eldercare
Laser-focused on opportunities arising from increased government & business spending in digitalization & eldercare 1 2 Source(s): (1) https://www.businesstimes.com.sg/international/government-spend-s38b-ict-fy2022-80-contracts-open-smes iWOW Investor Presentation | (2) https://www.straitstimes.com/s
Slide 21: Building relationships as we build our business
Building relationships as we build our business iWOW Investor Presentation |
Slide 22: Strategies & Investment Merits
4 Strategies & Investment Merits
Slide 23: Robust strategic roadmap and use of proceeds
Robust strategic roadmap and use of proceeds… Enhancement R&D to Expansion of our customer bolster our IoT offerings base and product offerings ◼ Focus on R&D of new products aimed ◼ Expand and organize our team to not at meeting unmet needs of the only win and deliver our IoT solutions Eldercare an
Slide 24: Investment Merits
Investment Merits Established Reputation And Strong Track Record In IoT Projects Well-positioned to Capture Robust Tailwinds and Megatrends Earnings Visibility from Higher-margin, Recurring Subscription Business Integrated IoT Solutions and R&D Are Key Strengths Scalable Asset Light Business Model i
Slide 25: M&A
Ss iIWOW - M&A
Slide 26: M&A (Refer to Sep 2022 non-binding term sheet)
M&A (Refer to 22 Sep 2022 non-binding term sheet) ❑ Entered into a non-binding term sheet for the acquisition of a leading telecommunication solutions provider and regional value-added distributor, serving telcos and enterprise clients. Rationale & Benefits for Proposed Acquisition ❑ In line with Gr
Slide 27: M&A Consideration
M&A Consideration ❑ 6x Multiple of Forward Average NPAT (3 years) ❑ 2 Payment Tranches 1 • In Cash & Shares • Initial S$8.1 million base on 3 Year Average Historical NPAT of approximately S$1.35 million • Potential 2nd Payment Tranche after 3 Years Earnings Visibility from Higher-margin, Recurring S
Slide 28: Thank You
Thank You Investor Relations Contact: kareen@gem-comm.com ivyleow@gem-comm.com Investor_relations@iwow.com.sg