Senetas Corporation Limited · ASX:SEN
Senetas — Shareholder Meeting (November 2018)
26 slides from Senetas's shareholder meeting presentation, Nov 28, 2018
Slide 1: 2018 AGM Chairman's Address and CEO Presentation cover letter
For personal use only 28 November 2018 The Manager, Listings ASX Limited Company Announcements Office Level 4 Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2018 Annual General Meeting – Chairman’s Address and CEO Presentation We attach a copy of the Chairman’s address and the CEO’s
Slide 2: Chairman's Address
SENETAS CORPORATION LIMITED AGM – 28 NOVEMBER 2018 Chairman’s Address For personal use only It is now 10.30am, this is a properly constituted meeting and a quorum is present. I therefore declare the Annual General Meeting of Senetas Corporation Ltd open. I would like to welcome you today and thank y
Slide 3: Chairman's Address (continued)
SENETAS CORPORATION LIMITED AGM – 28 NOVEMBER 2018 technologies both hardware based and software based. Our products are now transport independent encrypting data over layer 2 layer 3 and layer 4 of the telecommunication data transport stack. This significantly opens up our addressable market. And w
Slide 4: Chairman's Address (continued)
SENETAS CORPORATION LIMITED AGM – 28 NOVEMBER 2018 This is on top of a substantial increase in R&D expenditure this half in order to ensure further integration with Gemalto technologies, French accreditation, qantum safe products, transport independent encryption, further enhancing Suredrop (our sec
Slide 5: Annual General Meeting 2018
For personal use only Senetas Corporation Limited Annual General Meeting 2018 © 2018 Senetas Corporation Slide 1
Slide 6: 2018 AGM – CEO Presentation
For personal use only 2018 AGM – CEO Presentation Andrew Wilson © 2018 Senetas Corporation Slide 2
Slide 7: FY2018 Review
FY2018 Review For personal use only © 2018 Senetas Corporation Slide 3
Slide 8: FY18 Highlights
FY18 Highlights For personal use only • Record revenue of $18.97m – up 8% • Strong growth in product sales – up 39% • NPBT excluding the impairment of $5.8m – up 10% • NPBT of $4.44m and NPAT $1.96m (after $1.36m impairment to the carrying value of the Deep Radiology investment) • First dividend dec
Slide 9: FY18 Highlights
FY18 Highlights For personal use only • Strong balance sheet & 10% growth in net assets • Outstanding cash flow • Initial sales of the 100Gbps encryptor in FY2018 • Market launch of virtualised (software based) encryption solutions via Gemalto and ADVA we are optimistic that sales are not far away •
Slide 10: FY18 Key Financials
FY18 Key Financials Full year ended 30 June 2018 FY18 $000’s FY17 $000’s Change For personal use only Revenue from ordinary activities 18,971 17,591 8% Gross profit 15,414 13,948 11% Other income 2,491 2,441 2% Profit before tax from ordinary activities 5,799 5,264 10% Write-down of unlisted investm
Slide 11: Strong Balance Sheet & Positive Cash Flow
Strong Balance Sheet & Positive Cash Flow For personal use only NET ASSETS $’000 CASH AND CASH EQUIVALENTS $’000 23,552 23,258 21,483 20,848 18,526 20,091 15,902 13,093 9,026 6,805 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 © 2018 Senetas Corporation Slide 7
Slide 12: US$8m Investment in Votiro
US$8m Investment in For personal use only © 2018 2017 Senetas Corporation Slide 8
Slide 13: Advances Senetas strategy: products aimed at security without compromising usability
Advances Senetas strategy: products aimed at security, without compromising usability For personal use only OUR STRATEGY “To be recognised globally as a trusted provider of high-assurance security solutions. Protection without compromising systems’ performance or ” user experience. © 2018 Senetas Co
Slide 14: Summary
Summary • $8M Investment: Senetas commits up to US$8M investment in Votiro – leading Israeli CDR For personal use only (content disarm and reconstruction) company • Majority shareholding: Provides a majority shareholding in Votiro with pre-emptive right on further funding and a first right to acquir
Slide 15: Votiro further expands product suite
Votiro further expands product suite For personal use only CN SERIES CV SERIES SUREDROP VOTIRO CERTIFIED HIGH- STRONG & SECURE FILE CONTENT DISARM & ASSURANCE EFFECTIVE SHARING & RECONSTRUCTION HARDWARE VIRTUALISED SYNCHRONISATION TECHNOLOGY ENCRYPTION ENCRYPTION © 2018 Senetas Corporation Slide 11
Slide 16: Votiro snapshot
Votiro snapshot For personal use only 400 Customers Leading CDR US$3.5-4.0M Strong Patent provider 1.5 million CY19E revenue Portfolio end users Strong sales Industry Demand for pipeline 37 recognition CDR growing across multiple Employees & government strongly geographies and industries certificati
Slide 17: Our goal is to accelerate Votiro's growth
Our goal is to accelerate Votiro’s growth For personal use only DOMESTIC GLOBAL BUSINESS PRODUCT FUNDING DISTRIBUTION DISTRIBUTION GOVERNANCE DEVELOPMENT EVOLUTION Broaden Votiro Allows Votiro to Access to On the ground from a make cyber-security business Senetas CEO Distribution defensive distribut
Slide 18: Votiro's patented CDR technology proactively eliminates content based threats
Votiro’s patented CDR technology proactively eliminates content based threats For personal use only • Protects against the most advanced, persistent cyber-attacks • Neutralises exploit attempts before they’re disclosed • A single solution for all channels of incoming files • 100% success rate in dis
Slide 19: A clear synergy between Votiro and SureDrop
A clear synergy between Votiro and SureDrop For personal use only • SureDrop provides the usability, familiarity and convenience of a drop box, file sharing SUREDROP application; plus the implementation of best-in-class security • Product differentiation – security model – end to end encryption secu
Slide 20: FY2019
FY2019 For personal use only © 2018 Senetas Corporation Slide 16
Slide 21: Priorities for FY19
Priorities for FY19 • Leverage Senetas’s global distribution and business development For personal use only capability to accelerate Votiro’s growth • First sales of virtualised (software based) encryption products – customer trials ongoing • Leverage Gemalto’s adoption of SureDrop into its product
Slide 22: FY19 update
FY19 update For personal use only • Demand for 100Gbps encryptors YTD is ahead of expectations • Both existing and 4 new customers are currently using the 100Gbps encryptors in their networks • However, first half FY19 profit is currently expected to be below the prior period - Revenue likely to be
Slide 23: FY19 update
FY19 update For personal use only • Good customer interest in virtualised (software based) encryption products and SureDrop is encouraging • Initial sales of both products are expected in FY19 • Votiro investment likely to be equity accounted in FY19 accounts © 2018 Senetas Corporation Slide 19
Slide 24: Outlook
Outlook For personal use only • Adding support for more network types into hardware encryptors, virtualised (software based) products which broadens our addressable market. • SureDrop expected to generate revenue growth from late FY19 and beyond as momentum builds • Continue to review opportunities
Slide 25: Thank You
Thank You For personal use only © 2018 Senetas Corporation Slide 21
Slide 26: Senetas Corporation Limited Annual General Meeting 2018
For personal use only Senetas Corporation Limited Annual General Meeting 2018 © 2018 Senetas Corporation Slide 22