Etherstack Plc · ASX:ESK
Etherstack — FY2021 Earnings Presentation
19 slides from Etherstack's earnings presentation, Feb 17, 2022
Slide 1: 2021 Results Presentation
For personal use only 2021 Results Presentation Etherstack plc (ASX:ESK) 17 February 2022 Authorised for release by David Deacon, CEO and David Carter, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Etherstack plc (ARBN 156 640 532) (“Etherstack” or “the Company”). The information in this presentation is for For personal use only information purposes only and is not investment, financial product, legal or tax advice. This presentation contains s
Slide 3: 2021 Financial & Business highlights
For personal use only 2021 Financial & Business highlights
Slide 4: 2021 Financial highlights
2021 Financial highlights For personal use only 81% 142% Strong YOY Revenue growth YOY EBITDA growth to US$2.6m Balance sheet with to US$8.50m no external debt Recurring revenue growth $1.45m 12% $3.36m NPAT US$3.75m higher YOY Increase in recurring FY21 operating cash flow. An than FY20 support rev
Slide 5: Business highlights
Business highlights For personal use only First Carrier contract Strategic contracts UK and Australian Strategic strengths signed with Samsung government deals for MCPTX • US$8.5m contract • Initial direct AT&T • UK Ministry of • Growing recurring covering licences, contract win Defence revenues int
Slide 6: Strong revenue growth supported by key contract wins
Strong revenue growth supported by key contract wins For personal use only Etherstack Revenue (USD ‘000) 8,504 Multiple growth drivers have delivered strong revenue growth in FY21 • 81% growth over FY2020 to US$8.5m 5,264 4,792 4,699 • Multiple growth drivers guidance • Strong project revenues • Ove
Slide 7: Recurring revenue remains a core focus for Etherstack
Recurring revenue remains a core focus for Etherstack For personal use only Etherstack Recurring Revenue Recurring Support Revenues continue (USD ‘000) to grow • 12% increase on FY2020 to $1,776 2,331 2,277 • 227% increase since 2014 driven by: 1,838 743 500 • New networks 1,682 1,508 348 • Incremen
Slide 8: Income Statement
Income Statement For personal use only US$'000 2018 2019 2020 2021 Revenue increases driving EBITDA growth Revenue from Contract with Customers 5,264 4,792 4,699 8,504 ▪ 142% EBITDA growth vs FY20 Recurring support and Royalty revenue 1,682 1,838 2,331 2,277 Project and Product Revenues 3,582 2,954
Slide 9: Balance Sheet & Cash Flow Statement
Balance Sheet & Cash Flow Statement Balance Sheet Cash Flow Statement For personal use only US$’000 31-Dec-20 31-Dec-21 US$’000 2020 2021 Cash and cash equivalents 4,180 3,038 Net cash generated from operating activities 1,733 3,368 Trade and other receivables 1,410 2,439 Other current assets 446 53
Slide 10: Strong outlook driven by focus on key strategic initiatives
Strong outlook driven by focus on key strategic initiatives For personal use only Expansion of Commencement existing Australian of upgrades to & International virtualised public safety switching solutions networks across installed base Cellular Satellite Networks LMR Networks Defence Upgrades networ
Slide 11: Questions
For personal use only Questions
Slide 12: Appendices
For personal use only Appendices
Slide 13: Leveraging innovative technology and IP adaptable across key platforms and customers
Leveraging innovative technology and IP that is adaptable across key platforms and customers Continued growth in LMR networks. Cellular networks adding material value now and into the future. Satellite For personal use only networks likely to deliver subsequent and future value PTT Technology Missio
Slide 14: A leading licensor of innovative wireless technology for mission-critical communications
A leading licensor of innovative wireless technology and solutions provider for mission-critical communications For personal use only Etherstack enables push-to-talk (PTT) communications for essential services, within and across advanced digital land mobile radio (LMR), cellular and satellite networ
Slide 15: Sustained growth via key customer wins
Sustained growth via key customer wins For personal use only Currently targeting network contracts valued between US$0.5 – 20.0m in upfront revenues 2021 January – June July –2022 December 2023 January – June July –2024 December 2025 January – June 2020 2020 2021 2021 2022F Etherstack has historical
Slide 16: Samsung global teaming partnership drives additional growth
Samsung global teaming partnership drives additional growth Targeting more than 25 contract wins over the medium term For personal use only 2021 2022 2023 2024 2025 1 to 2 2 to 4 4 to 6 6+ 6+ New contracts New contracts New contracts New contract New contracts Samsung’s clients will be the first car
Slide 17: Strategic customer case studies
Strategic customer case studies: “Initial wins lead to near term growth and long term support revenues” For personal use only Royal Canadian Mounted Police Western Australia Iron Ore Network The Royal Canadian Mounted Police (RCMP) are the federal and national Large resources projects require “gover
Slide 18: Glossary
Glossary For personal use only LTE – Long-Term A standard for wireless broadband communication for mobile devices and data terminals, increasing the capacity Evolution and speed using a different radio interface together with core network improvements MCPTX - Mission A push-to-talk product functiona
Slide 19: Etherstack plc contact details
For personal use only Etherstack plc David Deacon, CEO 93A Shepherd Street, david.deacon@etherstack.com Chippendale NSW 2008 David Carter, CFO Phone +61 2 8399 7500 david.carter@etherstack.com Martin Duff, Corporate & Legal martin.duff@etherstack.com