Firstwave Cloud Technology Ltd. · ASX:FCT
Firstwave Cloud Technology — Shareholder Meeting (November 2019)
9 slides from Firstwave Cloud Technology's shareholder meeting presentation, Nov 20, 2019
Slide 1: FirstWave Cloud Technology Annual General Meeting CEO Update
For personal use only FirstWave Cloud Technology Annual General Meeting CEO Update 20 November 2019 FirstWave’s Cloud Content Security Platform (CCSP) is a unique SaaS email, web & firewall security services orchestration platform for Telco / Service Providers that prevents cyber security threats fr
Slide 2: Disclaimer
Disclaimer Summary information For personal use only This Presentation contains summary information about FirstWave Cloud Technology Ltd (FirstWave) and its activities current as at 20 November, 2019, unless otherwise stated. The information in this Presentation does not purport to be complete. It s
Slide 3: Crystallising the Opportunity
Crystallising the Opportunity For personal use only CEO Operating Update CEO David Kirton 3
Slide 4: Cisco OEM channel is opening
Cisco OEM channel is opening For personal use only • First revenue Oct 2019 >20 • Customer orders under Cisco OEM • First Tier 1 customer order in EMEA • Second Tier 1 customer order in EMEA on track for Q2 • Third Tier 1 customer order in North America tracking for 2nd half FY2020 • All three deals
Slide 5: Other partners opening new channels
Other partners opening new channels For personal use only • Asia pipeline - 4 large opportunities with incremental revenue expected in Q2 • DWS / SHELT - first revenues flowing and pipeline building strongly 25 Opportunities in the pipeline 5
Slide 6: International pipeline now delivering
International pipeline now delivering For personal use only TAM: TOTAL ADDRESSABLE MARKET - Worldwide Market for Telco/SP-Delivered Firewall Current Partner Pipeline SOM ACCESS: + Content Security Services $45m $14BN SAM: SERVICEABLE Current Partner Opportunity Pipeline: ADDRESSABLE MARKET : FCT AIR
Slide 7: ON TRACK to billing partners @ June 2020
ON TRACK to 18 billing partners @ June 2020 For personal use only 1 July, 2019 29 Oct, 2019 30 Jun, 2020 Target 3 7 18 Partners Partners Partners Billing Billing Billing 7
Slide 8: Action to improve operating efficiency
Action to improve operating efficiency For personal use only • Simplified strategic focus on CCSP Roadmap and existing products • Reduced operating expenditure by $1.3m in year (approx. $2.6m annualized) • Working capital to end June 2020 • Strengthening the company’s balance sheet 8
Slide 9: In Summary
In Summary For personal use only • CCSP technology – a global player in a $14BN addressable marketplace • International partner channels are opening • Cash burn will reduce and see $1.3M of benefit in the current year • Working capital through to June 2020 • Applying our resources to areas of greate
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