Slide 1: H1 FY21 Results
ASX:SW1 February 26, 2021 H1 FY21 Results Pippa Leary, CEO Geoff Greenberg, CFO
Slide 2: Swift is a Specialist Technology Company
Swift is a Specialist Technology Company Providing entertainment and communication solutions to connect and engage communities • Closed loop environments like remote mines, residential aged care and GP surgeries – high barriers to entry • 70% recurring revenue on typically 3-5 year contracts • Stron
Slide 3: H1 FY21: Positive EBITDA trend continues
H1 FY21: Positive EBITDA trend continues Q1-FY20 Q2-FY20 Q3-FY20 Q4-FY20 Q1-FY21 Q2-FY21 KEY POINTS 0.4 10% • H1EBITDA +143 % vs pcp 0.2 • Q2 continuing a positive trend of 5% increasing profitability - 0% • 3rd consecutive quarter of positive EBITDA(1) EBITDA Margin % (0.2) • EBITDA margin has cont
Slide 4: H1 FY21 Performance Review
H1 FY21 Performance Review Good revenue growth in core verticals and cost controls drive +143% rise in H1 EBITDA 1) Consolidated Statutory Revenue includes Health and Wellbeing, revenues down 45% following restructure to improve profitability. 2) Aged care revenues in FY20 have been adjusted to excl
Slide 5: H1 FY21 Progress: Delivering on strategy
H1 FY21 Progress: Delivering on strategy MINING & RESOURCES AGED CARE HEALTH & WELLBEING GROUP ✓ Announced contract wins worth ✓ Won new contracts in Aged Care ✓ Retention strategy resulted in ✓ Appointed new CFO, Head of Expanding Capabilities Sales and Marketing $2m including Mineral Resources, to
Slide 6: FY22 and Beyond: Increasing Share in Core Verticals, Expanding into Adjacencies
FY22 and Beyond: Increasing Share in Core Verticals, Expanding into Adjacencies Ahead of Plan 800 Rooms (Thousands) EXTEND INTO ADJACENT MARKETS Announced move 700 Total Addressable Rooms 673,000 into Retirement Villages in Dec 2020 Aged Care NZ 600 TARGETED NEW ADJACENCIES Retirement Villages GROW
Slide 7: Results Summary – H1 FY21
Results Summary – H1 FY21 (1) ($ millions) 1H FY20 1H FY21 Change KEY POINTS Revenue 11.8 10.6 (10%) Project 1.7 2.6 53% • Recurring revenue decline includes impact of Health Recurring 10.2 8.0 (22%) and Wellbeing business restructuring (45% drop in COGS (6.6) (6.2) 6% revenue) and wind down of Livi
Slide 8: Balance Sheet
Balance Sheet ($ millions) Jun 2020 Dec 2020 Change KEY POINTS Cash and cash equivalents 2.4 6.9 4.5 • Balance sheet strengthened as cash balance Trade and other receivables 3.7 3.5 (0.2) increased by $4.5m to $6.9m due in large part to Q2 Other current assets 1.9 2.3 0.3 placement and share purchas
Slide 9: Cash Flow Summary
Cash Flow Summary ($ millions) 1H FY20 1H FY21 KEY POINTS Cash receipts 14.0 12.5 Cash payments (16.4) (10.6) • Cash provided by operations increased 158% Finance costs (0.3) (0.5) Interest received 0.1 0.1 • Cash receipts included net settlement proceeds from long Cash provided by / (used in) opera
Slide 10: Execution Priorities Progress
Execution Priorities Progress Clear timeline of deliverables Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 ✓ Hired Chief Financial Officer ✓ Re-ignite local sales acquisition ✓ Hire new Commercial • Establish more senior and hyperlocal geo-targeting Director and Head of relationships earlier in the sales ✓ Contin
Slide 11: Swift Media has won numerous big contracts
Swift Media has won numerous big contracts $17m in total contract value signed over last 12 months* - 30% increase YOY Major clients wins in H1 2021 onwards including an additional $2m of total contract value announced today: Mineral Resources Tronox Gingko Inpex Operations Anglo Gold Atlas Iron Pty
Slide 12: Summary and Outlook
Summary and Outlook Strong H1 Growth Focus for Results Drivers H2 FY21 Strong revenue growth: $40bn capex boom in Upgrade sales capabilities Mining & Resources up 26% Mining and Resources and processes Aged Care up 13% Continued positive growth in Tenders up 24% in Mining Maintain cost discipline to
Slide 13: swiftmedia.com.au
For more information, please contact: Pippa Leary Geoff Greenberg Chief Executive Officer Chief Financial Officer swiftmedia.com.au t: +61 2 9929 2763 t: +61 2 8069 1403 e: investor@swiftmedia.com.au e: investor@swiftmedia.com.au
Slide 14: Reconciliation of EBITDA to statutory NPAT
Reconciliation of EBITDA to statutory NPAT ($ millions) 1H FY20 1H FY21 KEY POINTS EBITDA (1.4) 0.6 • FY21 included non-cash share-based payments to Depreciation & amortisation (2.7) (2.4) reward and enhance retention through COVID-19 Non-cash share-based payments (0.0) (0.3) period of austerity Res
Slide 15: Growth Opportunities: Mining and Resources
Growth Opportunities: Mining and Resources SHARE OF ADDRESSABLE MARKET EST. GROWTH OF REMOTE WORKFORCE* REVENUE IN A$M 8.0 25,000 6.0 20,000 NT 64 4.7 32,140 4.0 5.4 5.1 4.8 15,000 SA 5.9 21% 26% 10,000 NSW 2.0 1.7 2.1 2.5 QLD 1.5 - 0.6 TOTAL: TOTAL: 5,000 140,000* 250* WA 1H 2019 2H 2019 1H 2020 2H
Slide 16: Growth Opportunities: Aged Care
Growth Opportunities: Aged Care SHARE OF ADDRESSABLE MARKET TOTAL AGED CARE ROOMS REVENUE IN A$M 1.0 RESIDENTIAL AGED CARE NZ 0.8 121 10% 10,912 0.6 0.5 0.7 0.8 0.9 Retirement Residential 0.4 0.8 Villages 22% Aged Care 6% 4% In Home Care 42% TOTAL: 0.2 0.3 0.2 0.1 TOTAL: TOTAL: 533,000* - 0.1 0.1 26
Slide 17: Important Notices
Important Notices This document is a summary only and does not include all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. Any securities that may be issued