Straker Ltd · ASX:STG
Straker — Shareholder Meeting (August 2025)
42 slides from Straker's shareholder meeting presentation, Aug 20, 2025
Slide 1: 2025 Annual Meeting Chair and CEO Addresses and Presentation
ASX RELEASE 2025 Annual Meeting Chair and CEO Addresses and Presentation Auckland, 20 August 2025 – Straker Ltd (ASX: STG, ‘Straker’ or ‘the Company’) attaches the Chair and CEO addresses and presentation for Straker’s 2025 Annual Meeting. Authorisation This announcement has been authorised for rele
Slide 2: FY25 AGM – Chair Speech
FY25 AGM – Chair Speech Good morning, my name is Linda Jenkinson, and I am the Chair of Straker Ltd. On behalf of the Board and executive team, welcome to the 2025 Annual General Meeting. Before we move to the formal part of the meeting, I will share some comments on Straker’s performance for the Fi
Slide 3: Board changes
AI has unquestionably improved the speed and accessibility of translation. Tools like Google Translate have democratised translation and brought language support to the fingertips of millions. However, the widespread adoption of AI translation tools has also exposed their limitations. Straker stands
Slide 4: Acknowledgements
technology sector, specifically AI and infrastructure. This has included senior executive roles at Xerox and Novell, and as CEO of Phobos and Helius. He later founded and continues to serve as General Partner of the venture capital firms Signal Peak Ventures and Oquirrh Ventures, investing in technolo
Slide 5: Straker AGM 2025
TIMELINE STRAKER AGM 2025 Thank you for waiting, the presentation will begin shortly 1
Slide 6: Linda Jenkinson, Chair
Linda Jenkinson Chair 2
Slide 7: Virtual Meeting and Voting
VIRTUAL MEETING AND VOTING 1. Go to https://meetings.openbriefing.com/STG25 2. Click “Get a Voting Card” 3. Enter your Shareholder Number and Postcode, or Proxy Number, then click “Submit Details and Vote.” 4. Fill out your voting card and click “Submit Vote” or “Submit Partial Vote.” HELP NUMBER: +
Slide 8: Directors
Directors 4 Grant Straker Amanda Cribb Steve Donovan Steve Bayliss Helen Foley Chief Executive Officer Independent Non- Non-Executive Independent Non-Executive and Managing Director Executive Director Non-Executive Director Director Director
Slide 9: Agenda
Agenda 1. Welcome 2. Chair’s address 3. CEO & Managing Director’s address 4. Financials 5. Outlook 5 6. Q&A 7. Formal business 8. Meeting close
Slide 10: Chair's address
Chair’s address 6
Slide 11: CEO and Managing Directors address
CEO and Managing Directors address 7
Slide 12: Straker: Harnessing the AI Revolution
Straker: Harnessing the AI Revolution AGM 2025 | From Industry Headwinds to AI Leadership Grant Straker Co-founder and Managing Director
Slide 13: Our Journey into the AI Frontier
Our Journey into the AI Frontier Today we'll walk you through our transformation and the path ahead: Addressing Market Headwinds 1 The industry perception versus our reality 2 Our Strategic Pivot & The Trilemma How we mastered competing priorities to emerge stronger The AI Paradigm Shift 3 Understan
Slide 14: Caught in a Current of Market Sentiment
Caught in a Current of Market Sentiment Listed language companies We know investors have seen market caps for traditional Language Service Providers decline. Straker has been caught up in this industry-wide sentiment. Ensuring we are seen as an AI company, on the back of our unique AI technology pla
Slide 15: The Strategic Trilemma: A Balancing Act in a New Era
The Strategic Trilemma: A Balancing Act in a New Era Over the past 24 months, we faced three competing, critical priorities. Successfully managing this trilemma was our primary operational challenge, requiring disciplined execution across the entire business. The ability to simultaneously address th
Slide 16: Executing on All Fronts: How We Succeeded
Executing on All Fronts: How We Succeeded Our team didn't just survive the trilemma; we mastered it, emerging in a stronger financial and technological position. Financial Prudence Future Investment Core Maintenance • Remained cash flow positive • Built world-leading solution in Verify • Retained ma
Slide 17: Our Two Key Audiences
Our Two Key Audiences The Legacy Audience Our Foundation Who they are: Localization managers and project managers within established enterprises Their World: Governed by traditional processes, long-term vendor contracts, and complex, manual workflows. They are looking to use AI and want a trusted te
Slide 18: Strategic Partnership: IBM
Strategic Partnership: Our relationship with IBM continues to expand beyond our original supplier-based framing as we actively integrate IBM technology into our product stack. Evolving Partnership Watson Integration • Straker has evolved from being simply IBM's • Our partnership with IBM's Globalisa
Slide 19: Go-To-Market: Scaling Through Ecosystems & Connectors
Go-To-Market: Scaling Through Ecosystems & Connectors Verify Connect AI Workflow Automation Our strategy is to go where our customers already are. By Connectors for Zapier and n8n enable thousands of developers, embedding our AI tools into the world's leading platforms, we citizen automators, and IT
Slide 20: Our Go-Forward Strategy
Our Go-Forward Strategy Near Term (Next 6 Months) 1 • Scale our Verify platform across enterprise clients • Expand IBM partnership with Watson-powered translator agent 2 Medium Term (6-18 Months) • Advance SwiftBridge for Japanese listed companies • Expand ecosystem partnerships beyond current • Con
Slide 21: AI in Action: Automating Our Own Core
AI in Action: Automating Our Own Core Our AI investment functions as a flywheel—driving internal productivity improvements that in turn generate new commercial products. The primary goal of the implementation of AI agents is on-demand AI agents scalability AI agents to be rolled out across H2 LISA A
Slide 22: AI in Action: AI Quality Boost Engine
AI in Action: AI Quality Boost Engine Initial results from Q1 quality boost roll out AI Quality Boost was rolled out in Q1. The highly advanced engine running on top of Tiri increases the quality of translated output. Before quality boost translators were going at 614 words per hour, post they go at
Slide 23: AI in Action: GenAI Verification
AI in Action: GenAI Verification Our AI investment functions as a flywheel—driving internal productivity improvements that in turn generate new commercial products. Verify is a world leading solution for using a human crowd to Verify AI generated Collaborate content. Our Verify Collaborate platform
Slide 24: AI in Action: Tiri Language Model
AI in Action: Tiri Language Model Generic AI does not understand unique business needs. The Tiri family was developed to ensure customers can maximise their unique data assets Superior outcomes, reduced cost Custom-trained models deliver higher accuracy and Tiri outperforms the major LLMs for langua
Slide 25: Simple Access, Complex Technology
Simple Access, Complex Technology The world's fastest-growing, high value AI companies in our space, like DeepL and ElevenLabs, share a common strategy: they mask powerful, complex backend technology with simple, accessible, and easy-to-integrate products. This is precisely our strategy for Verify.
Slide 26: Financials
TIMELINE FINANCIALS
Slide 27: Financial Performance
Financial Performance Strong GM % reduced impact 2025 2024 Change of revenue decline $'000 $'000 $'000 % Revenue 44,863 50,014 (5,151) -10% Cost of sale (14,819) (18,093) 3,274 18% Gross profit 30,044 31,921 (1,877) -6% Underlying operating Gross margin % 67.0% 63.8% 3.1% 5.0% expenses dropped 9% Ot
Slide 28: Revenue analysis
Revenue analysis • Drop in Language Services (LS) $50.0m • IDEST contracts ending in FY25 H1 • Macro-economic and AI headwinds ($3.7m) $4.7m $44.9m • Initial Verify revenue • Managed Services – 1st full year of $1.1m ($6.1m) ($1.0m) operation • +1% constant currency impact LS- IDEST contract losses
Slide 29: Progress on key metrics
Progress on key metrics Movement in EBITDA margin %1 Gross Margin % 0.6% 3.1% -1.2% -0.6% 10.6% -0.3% 10.2% -0.4% 0.5% 9.0% 8.5% 1. Chart might not add through due to rounding 23
Slide 30: Strong balance sheet
Strong balance sheet • Cash position grew $750k YOY • Working capital strengthened to by 21% to $13.4m • Nil debt 24
Slide 31: Resilient free cash flow
Resilient free cash flow Benefit of margin $2.3m improvement and cost efficiencies $0.5m $1.2m $5.2m ($0.2m) ($6.6m) 1. Chart might not add through due to rounding 25
Slide 32: Outlook
Outlook Our industry is undergoing a fundamental transformation, driven by the power of artificial intelligence. While others may see uncertainty, we see a clear path to leadership. We are proactively navigating this shift by guiding our customers into the future, transitioning them from legacy syst
Slide 33: Questions & Answers
Thank You Questions & Answers We appreciate your continued support as we lead the transformation of our industry and build the future of AI verification and trust. Contact Information Follow Our Progress investors@straker.ai www.straker.ai/investors
Slide 34: Formal business
Formal business 30
Slide 35: Financial Statements and Reports
FINANCIAL STATEMENTS AND REPORTS To receive and consider the Financial Report and Audit Report for the year ended 31 March 2025, all of which are set out in the Company’s 2025 Annual Report. There is no formal resolution required for this item but questions for the Board, CFO or the Auditor are welc
Slide 36: Resolution 1: Auditors Remuneration
RESOLUTION 1: AUDITORS REMUNERATION “To record that BDO Auckland continue in office as the Company’s Auditor and to authorise the Directors to fix the remuneration of BDO Auckland as the Company’s Auditor for the ensuing year.” FOR AGAINST OPEN Number of Votes 31,111,073 11,055 60,408 Percentages of
Slide 37: Resolution 2: Election of Director – Ms Helen Foley
RESOLUTION 2: ELECTION OF DIRECTOR – MS HELEN FOLEY “That, Ms Helen Foley be elected as a Director of the Company” FOR AGAINST OPEN Number of Votes 25,935,729 7,696 60,408 Percentages of Votes 99.74% 0.03% 0.23% 33
Slide 38: Resolution 3: Re-election of Director – Mr Steven Bayliss
RESOLUTION 3 RE-ELECTION OF DIRECTOR – MR STEVEN BAYLISS “That, Mr Steven Bayliss be re-elected as a Director of the Company” FOR AGAINST OPEN Number of Votes 25,853,900 114,525 60,408 Percentages of Votes 99.33% 0.44% 0.23% 34
Slide 39: Resolution 4: Issue of Options to Director – Grant Straker
RESOLUTION 4: ISSUE OF OPTIONS TO DIRECTOR – GRANT STRAKER “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the issue of 200,500 Options and the issue of underlying Shares in respect of the Options, to Grant Straker, the CEO of the Company, or his no
Slide 40: Resolution 5: Issue of Options to Closely Related Party – Merryn Straker
RESOLUTION 5: ISSUE OF OPTIONS TO CLOSELY RELATED PARTY TO A DIRECTOR – MERRYN STRAKER “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the issue of 127,100 Options and the issue of underlying Shares in respect of the Options, to Merryn Straker, a re
Slide 41: Voting
Voting 37
Slide 42: Disclosure statement
Disclosure statement This presentation contains general information about Straker Ltd. and its activities as of 20 August 2025. The information is provided in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does