Aerometrex Ltd. · ASX:AMX
Aerometrex — H1 2022 Earnings Presentation
30 slides from Aerometrex's earnings presentation, Feb 14, 2022
Slide 1: Aerometrex 1H22 Results
For personal use only AEROMETREX LIMITED (ASX: AMX) 1H22 Results 14 February 2022 SEEYOUR SEE YOURWORLD WORLDCLEARLY. CLEARLY.
Slide 2: 1H22 Snapshot – Record Revenue and Strong ARR Growth
For personal use only 1H22 SNAPSHOT – RECORD REVENUE AND STRONG ARR GROWTH Operating Revenue MetroMap Annual Recurring Subscription Revenue Subscription Revenue Revenue (ARR) Contribution $11.3M $2.7M $6.0M 24% 32.2% 80.4% 81.4% of group revenue (Dec 2020: $8.6M) (Dec 2020: $1.5M) (Dec 2020: $3.3M)
Slide 3: Total Addressable Markets (TAM)
For personal use only TOTAL ADDRESSABLE MARKETS (TAM) MetroMap LiDAR 3D Actual ARR (Dec 2021) $6.01M World leading (Dec 2020: $3.31M) Global potential ~ 20% TAM: ~$80 million + per annum TAM: in Australia ~$50 million + per annum in Australia TAM: Open-ended, international scope. Size of global mark
Slide 4: FY22 Group Priorities
For personal use only FY22 GROUP PRIORITIES CONTINUED GROWTH FOCUS ON CONTINUAL INVESTMENT IN M&A OPPORTUNITIES IN NORTH AMERICA ARR AND CORE PEOPLE AND SYSTEMS REVENUE GROWTH ▪ Delivery of data to Google ▪ Record ARR growth ▪ Significant upskilling & ▪ Assess strategically ▪ Use of data models as t
Slide 5: US Operations Contributes to Revenue Growth
US OPERATIONS CONTRIBUTES TO REVENUE GROWTH ▪ Revenue traction - 1H22 revenue of $620k For personal use only (Dec 2020: $nil) ▪ Delivery of San Francisco data to Google – 5cm, 2cm and street level data ▪ Models are being used in the metaverse in Augmented Reality (AR) and Virtual Reality (VR) ▪ Sale
Slide 6: CEO Appointment
CEO APPOINTMENT ▪ Steve Masters appointed to the role of Managing Director and CEO following the retirement For personal use only of Mark Deuter ▪ Commences on 14 February 2022 and comes to Aerometrex following an extensive recruitment process Background: ▪ Previously CEO of ElectraNet, a future foc
Slide 7: Financial Results
For personal use only FINANCIAL RESULTS Aerometrex 3D model Denver Art Museum Denver, Colorado 6 USA
Slide 8: Financial Results Overview
FINANCIAL RESULTS OVERVIEW ▪ Total revenue up +32.2% to $11.34M Dec 2021 Dec 2020 Change Change $'000 $'000 $'000 % For personal use only ▪ MetroMap subscription revenue up +80.4% to Subscription Revenue - MetroMap 2,717 1,506 1,211 80.4% $2.72M Project Revenue ▪ Subscription revenue contributing 24
Slide 9: Growing Contribution from Subscription Revenue
GROWING CONTRIBUTION FROM SUBSCRIPTION REVENUE 1H22 For personal use only MetroMap Subscriptions Revenue mix Operating Revenue $2.72M 1H 2H 24.0% +80.4% 25,000 17.6% 20,941 LiDAR 20,091 20,000 12,367 $4.95M 16,109 9,994 +35.9% Dec 2021 Revenue ($ '000) 15,000 9,112 21.4% 3D $11.34M 31.6% 10,000 11,3
Slide 10: YoY ARR Growth of 81%
YoY ARR growth of 81% MetroMap ARR Growth Half year growth of 25% since June 2021 Annual Recurring Revenue (ARR) MetroMap Subscription Revenue For personal use only Calculation: Monthly Revenue x12 7,000 6,000 +81.4% 6,012 5,000 4,938 4,000 4,806 ARR ($'000) 4,262 3,000 3,314 2,770 2,000 1,663 1,000
Slide 11: Segment Financial Results
SEGMENT FINANCIAL RESULTS Region Australia US Total Australia US Total Dec 2021 Dec 2021 Dec 2021 Dec 2020 Dec 2020 Dec 2020 Geographical Segments: For personal use only $'000 $'000 $'000 $'000 $'000 $'000 Revenue 10,719 620 11,339 8,574 - 8,574 ▪ Growth in AU revenue driven by MetroMap Other income
Slide 12: Growth Strategy
For personal use only GROWTH STRATEGY Aerometrex 3D model with mesh overlay The Venetian Resort Las Vegas, Nevada USA 11
Slide 13: MetroMap and 3D Focus to Drive Growth
For personal use only METROMAP AND 3D FOCUS TO DRIVE GROWTH MetroMap 3D ▪ Resources to be dedicated to MetroMap capture program ▪ First substantial revenue from the US Operations recognised following completion of the aerial capture for project photo during 1H22 work during 1H22 ▪ Key collaborations
Slide 14: Growth Strategy – LiDAR, R&D
GROWTH STRATEGY LiDAR R&D For personal use only ▪ Implementation of improved workflow processes to deliver ▪ Leverage opportunities in AI and ML to drive value both externally efficiency gains in 2H22 (revenue) and internally (cost efficiencies) ▪ Successfully achieved BARS accreditation (aviation)
Slide 15: Key Priorities and Outlook
KEY PRIORITIES AND OUTLOOK Key priorities for FY22 as identified August 2021 For personal use only ▪ Continue to grow MetroMap ▪ Commercialise US 3D opportunities ✓ Revenue and ARR growth o Establish a US Advisory Board ✓ Capture program frequency ✓ Revenue generation and recognition [$620k recogniz
Slide 16: Appendix – Financial Statements
For personal use only APPENDIX 1 – FINANCIAL STATEMENTS MetroMap aerial imagery Port Pirie South Australia Australia 15
Slide 17: Profit or Loss Statement and EBITDA Reconciliation
PROFIT OR LOSS STATEMENT AND EBITDA RECONCILIATION Consolidated Statement of Profit or Loss Dec 2021 Dec 2020 Proforma EBITDA Calculation Dec 2021 Dec 2020 $’000 $’000 $’000 $’000 For personal use only • Revenue 11,339 8,574 • (Loss) before income tax (3,630) (3,434) • Other income - 179 • Addback f
Slide 18: Geographic Segments
GEOGRAPHIC SEGMENTS Region Australia US Total Australia US Total For personal use only Dec 2021 Dec 2021 Dec 2021 Dec 2020 Dec 2020 Dec 2020 $'000 $'000 $'000 $'000 $'000 $'000 Revenue 10,719 620 11,339 8,574 - 8,574 Other income - - - 171 8 179 Total revenue and other income 10,719 620 11,339 8,745
Slide 19: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Dec 2021 Jun 2021 Dec 2021 Jun 2021 $'000 $'000 $'000 $'000 For personal use only Assets Non-current Current Other financial liabilities 707 2,437 Cash and cash equivalents 12,270 16,553 Lease liabilities 467 518 Trade and other receivables 1,674 2,965 Employee benefi
Slide 20: Statement of Cash Flows
STATEMENT OF CASH FLOWS Dec 2021 Dec 2020 For personal use only $'000 $'000 Operating activities Receipts from customers 13,109 10,012 Payments to suppliers and employees (11,936) (9,471) Income taxes paid (63) (121) Interest received 15 56 Interest paid (49) (43) Net cash generated from operating a
Slide 21: Registry as at January 2022
REGISTRY AS AT 28 JANUARY 2022 Range Total holders Units % Units Enterprise Value For personal use only 1 - 1,000 588 379,857 0.40 Market Capitalisation $57.6M 1,001 – 5,000 1,153 3,251,596 3.44 Cash on Hand $12.3M 5,001 – 10,000 476 3,769,357 3.99 Debt $2.7M 10,001 – 100,000 457 12,035,799 12.76 10
Slide 22: Appendix – Board and Management
For personal use only APPENDIX 2 – BOARD AND MANAGEMENT Aerometrex 3D model The Dancer Statues / Denver Performing Art Complex Denver, Colorado USA 21
Slide 23: Board and Executives
For personal use only BOARD AND EXECUTIVES Mark Lindh Matthew White Peter Foster Chris Mahar Alex Sinclair Chair of the Board Non-Executive Director Non-Executive Director Chief Financial Officer Chief Revenue Officer Steve Masters David Byrne Tisham Dhar Chief Executive Officer Chief Operating Offi
Slide 24: Appendix - Company Information
For personal use only APPENDIX 3 - COMPANY INFORMATION Aerometrex 3D model Coit Tower, Telegraph Hill San Francisco, California USA 23 23
Slide 25: Revenue Streams & Major Use Cases
For personal use only REVENUE STREAMS & MAJOR USE CASES Subscription Project Work MetroMap LiDAR 3D Example of Major Use Cases: Example of Major Use Cases: Example of Major Use Cases: ▪ Accurate and frequent spatial information to assist local ▪ Agricultural irrigation analysis ▪ Provide base 3D mod
Slide 26: MetroMap
METROMAP MetroMap is Aerometrex’s subscription-based product offering that supplies Data as a For personal use only Service (DaaS). Ranging from 2D imagery to 3D off-the-shelf city models and a range of LiDAR and imagery-derived datasets, MetroMap is the future of accurate geospatial data, accessibl
Slide 27: 3D
3D Our world-leading 3D modelling service offers multiscale models captured via a For personal use only combination of platforms - aircraft, helicopter and ground level. These offer extremely high resolutions ranging from 7.5cm to under 1cm. With the additional dimension, our 3D models promise great
Slide 28: LiDAR
LiDAR Light Detection and Ranging (LiDAR) is an advanced aerial surveying technique which utilizes For personal use only active laser pulses (up to 2 million laser pulses per second) generated by the sensor to measure the distance of the aircraft to the ground. As the position of the aircraft is det
Slide 29: Disclaimer
DISCLAIMER This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth) This presentation does not constitute an offer, For personal use only invitation, solicitation or recommendation with respect to the purchase, sale
Slide 30: Contact Information
For personal use only CONTACT INFORMATION Aerometrex Ltd 51-53 Glynburn Road Glynde SA 5070 Corporate David Byrne Acting CEO +61 8 8362 9911 investorrelations@aerometrex.com.au www.aerometrex.com.au www.metromap.com.au This presentation has been approved by the Board of Aerometrex.