Slide 1: FY24 Full Year Results Update
Coffee Microcaps - Presentation For personal use only FY24 Full Year Results Update 6 September 2024 COMMS GROUP LIMITED (ASX: CCG) www.commsgroup.limited This document has been approved by the Board of Comms Group Limited
Slide 2: Who are we?
Who are we? For personal use only • Comms Group Limited is a specialised “cloud” communications and managed IT services provider to businesses. • Listed on the Australian Stock Exchange (ASX:CCG) in 2017. • The Company is headquartered in Sydney Australia with operations in Melbourne, Gold Coast, Si
Slide 3: FY24 has been a significant year for Comms Group
FY24 has been a significant year for Comms Group FY24 Key Highlights with record Revenue and EBITDA For personal use only • Total revenue of $55.5m (exceeding guidance) & underlying EBITDA of $6.6m (in line with guidance) - over 90% of revenue is recurring. • Our key focus on cash generation has see
Slide 4: About us
About us For personal use only Cloud Secure Modern Global UCaaS Communications Workplace & Wholesale & Collaboration Solutions Cloud Award-winning IT & Specialist Unified communications Cloud Services Communications as a service provider to Managed Service Service (UCaaS) for Australian SME & Provid
Slide 5: Global Expansion and International Licences Update
Global Expansion and International Licences Update For personal use only Comms Group is a key provider of unified communications as a service (UCaaS) for global businesses. We also provide wholesale voice CPaaS services (SIP trunks, DIDs, local voice termination) across the Asia Pacific region for g
Slide 6: FY24 Financial Highlights
FY24 Financial Highlights In 2024, we delivered solid growth in Revenue and EBITDA and a significant improvement in Operating and Free Cash Flow For personal use only Revenue Gross Underlying Operating Free Profit EBITDA1 Cashflow Cashflow Up 7% on PCP Up 9% on PCP Up 36% on PCP Up 153% on PCP Up 19
Slide 7: Financial Performance FY24
Financial Performance FY24 For personal use only $M FY23 FY24 • Total revenue increase of 7% over FY23 all Operating Revenue 51.9 55.5 from organic growth. Cost of Sales (27.7) (29.1) • Group gross margin increased to 47.5% Gross Profit 24.2 26.3 from 46.6% in FY23. Gross Margin % 46.6% 47.5% Operat
Slide 8: Financial Performance Over Time
Financial Performance Over Time Operating Revenue For personal use only 60 51.9 55.5 • Solid revenue increase in FY24 from organic 50 1st Half 2nd Half growth. 41.0 40 25.9 28.5 • All business units saw growth in revenue in the $m 30 25.1 23.7 2nd half c.f. the first half. 19.1 20 16.1 • Secure Mode
Slide 9: Financial Performance Over Time (cont)
Financial Performance Over Time (cont) Gross Profit For personal use only • Substantial increase in overall gross profit in 30 26.3 FY24. 1st Half 2nd Half 24.2 25 19.1 • Gross profit also benefited from organic 20 12.0 13.5 revenue growth via new customer wins, $m 15 11.4 11.1 targeted price increa
Slide 10: Cash Flow
Cash Flow For personal use only $M FY23 FY24 Underlying operating cashflows 4.6 7.0 +52% Less: payment of business acquisition, restructuring, integration & other one-off (1.7) (1.8) expenses Less: income tax paid (0.3) (0.3) Less: lease (inc rent) payments (1.1) (1.1) Operating Cash Flow 1.5 3.8 +1
Slide 11: Balance Sheet
Balance Sheet For personal use only Balance sheet Cash at Working capital including Total Intangibles CBA term loan reduced to continues to strengthen. bank increased to cash on hand but including Goodwill $41.7m $7.6m. Covenant testing Net assets increasing to $3.6m from $1.9m excluding borrowings
Slide 12: Inaugural Dividend Declared
Inaugural Dividend Declared For personal use only • A key focus of the business is on cash generation and generating strong shareholder returns. • Comms Group is pleased to declare an inaugural dividend of 0.25 cents ($0.0025) per share, fully franked. • We have also introduced a Dividend Reinvestme
Slide 13: Strategy & Outlook
For personal use only Comms Group Limited Strategy & Outlook COMMSGROUP - 13
Slide 14: Strategy
Strategy To become a leading cloud communications, collaboration and secure modern workplace solutions provider across the Asia Pacific region For personal use only • A strong focus on the corporate mid-market sector domestically. • Cross-sell of secure modern workplace solutions to our wider custom
Slide 15: Group Outlook
Group Outlook For personal use only Targeting increase in Targeting Group FY25 Underlying operating cashflow and EBITDA target Business exploring organic Revenue improvement in FCF strategic growth growth in FY25 of conversion to generate 5% to 10%. $7.0m+ strong shareholder opportunities. returns.
Slide 16: Contact Us
For personal use only Contact Us Investor Website www.commsgroup.limited Enquiries www.commsgroup.limited/feedback COMMSGROUP - 16
Slide 17: Glossary
Glossary Term Definition For personal use only Cloud Communications The provision of key communications services from cloud servers based in data centres and over high speed internet connections. Cloud PBX, Cloud Phone, A cloud PBX functions the same as an in office PABX but is hosted in a cloud ser
Slide 18: Appendix - Our Products and services
Appendix - Our Products and services Comms Group empowers businesses worldwide with a comprehensive, cutting-edge suite of communications and technology solutions across key market segments. For personal use only Cloud Communications Secure Modern Workplace Global UCaaS & Wholesale and Collaboration
Slide 19: Disclaimer
Disclaimer The material in this presentation is a summary of Comms Group Ltd’s (CCG) To the maximum extent permitted by law, neither CCG nor its related corporations, For personal use only activities and results, and is current at the date of this presentation. Further details Directors, officers, e
Slide 20: Global Cloud Communications
ove) aalaats Global Cloud Communications