Slide 1: Senetas Corporation Limited 2022 Half Year Results
For personal use only Senetas Corporation Limited 2022 Half Year Results – 25 February 2022 © 2022 Senetas Corporation Slide 1
Slide 2: HY2022 Group Highlights
HY2022 Group Highlights • Group operating revenue of $12.9 million – down 10% on HY2021 For personal use only • Votiro revenue up 82% to $2.8 million • COVID and other supply chain delays have led to a global shortage of electronic components that temporarily impacted Senetas revenue which was 21% l
Slide 3: FY2022 Outlook
FY2022 • Votiro’s growth outlook remains very encouraging with strong momentum building For personal use only across both the US and Asia Pacific regions • The December 2021 quarter was Votiro’s strongest quarter ever and its total contract value at the end of 2021 was US$7.3 million • Continuing to
Slide 4: HY2022 Votiro
HY2022 VOTIRO For personal use only © 2022 Senetas Corporation Slide 4
Slide 5: HY2022 Highlights – Votiro
HY2022 Highlights – Votiro For personal use only Annual Recurring Subscription (SaaS) Revenue Revenue (ARR) ARR US$3.9m US$2.6m A$2.8m Up 63% since 31 Up 135% since 31 Up 82% from HY2021 December 2020 December 2020 Total Contract Customer Renewal Value Rate US$7.3m >95% At 31 December 2021 2021 cale
Slide 6: HY2022 Financials – Votiro
HY2022 Financials – Votiro For personal use only • Votiro operating revenue was up 82% driven by strong growth in both the Asia Pacific and US • ARR growth of 63% was driven by growth in subscription ARR which was up 135% • Asia Pacific is currently Votiro’s largest market delivering: • US$1.5 milli
Slide 7: Key HY2022 Milestones
Key HY2022 Milestones For personal use only • Strong take up of the new subscription/SaaS model • Key client wins through HY2022 across a wide range of enterprises including large Government agencies, financial institutions and industrial companies across Asia Pacific, US and EMEA • Includes Votiro’
Slide 8: Votiro – Business Update
For personal use only Votiro – Business Update
Slide 9: Votiro Opportunity
Votiro Opportunity For personal use only Enterprise tech looking for differentiated technology platforms with Strong momentum in revenue growth cyber-security investment Customer useability is a must-have market 135% subscription ARR growth in 2021 calendar year, ARR US$3.9M Votiro’s integra
Slide 10: Growing network of technology and channel partners
Growing network of technology and channel partners For personal use only Technology Ecosystem Resellers & Partners United States Japan Direct sales force in early Established regional Growing reseller stages of developing key distributor and growing network partner relationships reseller network Key
Slide 11: Extensive third-party accreditations and validation
Extensive third-party accreditations and validation For personal use only Accreditations Validation 100% pass rate of all Governmental tests conducted by three major financial institutions US Govt, through Thales Two of the three largest financials Mandates Guidelines by the Ministry Supported by
Slide 12: Winning in regulated enterprise customers with high volume file traffic
Winning in regulated enterprise customers with high volume file traffic For personal use only Financial Tech companies Healthcare Insurance Investment firms Government Institutions • Enterprises that have a large daily volume of inbound documents • High velocity businesses that can’t afford security
Slide 13: Building on successful global deployments across multiple industries
Building on successful global deployments across multiple industries For personal use only THE Customer Use Case DIFFERENCE Secure upload portal for consumer loans Large US Financial Fastest content reconstruction in the market Services Company 3,000 applications/hour Scalable $6.4B in loa
Slide 14: Focused on growth in North America, building on continuing wins in APAC
Focused on growth in North America, building on continuing wins in APAC 350+ enterprise clients and growing For personal use only EMEA Tel Aviv, Israel North America New York, NY Atlanta, GA Miami, FL Austin, TX APAC / ASEAN Singapore Melbourne, Australia Tokyo, Japan ARR breakdown: % North America
Slide 15: HY2022 Senetas Business
HY2022 SENETAS BUSINESS For personal use only © 2022 Senetas Corporation Slide 15
Slide 16: HY2022 Highlights – Senetas
HY 2022 Highlights – Senetas For personal use only • COVID and other supply chain delays have led to a global shortage of electronic components that have temporarily impacted Senetas revenue • Maintenance revenue represented 46% of total revenue • Customer orders remain robust but sales revenue has
Slide 17: Senetas
Senetas • The pipeline of customer orders is very strong and significantly ahead of any other time For personal use only in the past 12 months • Orders from the US market are particularly encouraging – strong orders also in the pipeline from South America and Europe, however, shipment of these order
Slide 18: Key Financials
KEY FINANCIALS For personal use only © 2022 Senetas Corporation Slide 18
Slide 19: HY2022 Consolidated Senetas Group Financials
HY2022 Consolidated Senetas Group Financials For personal use only Half year ended 31 December 2021($000’s) HY2022 HY2021 Revenue from ordinary activities 12,837 14,272 Gross profit 10,350 12,159 Gross Margin % 81% 85% Other income 3 349 Depreciation & amortisation (1,562) (1,675) Profit (loss) befo
Slide 20: Senetas Operating Segment Results
Senetas Operating Segment Results For personal use only Half year ended 31 December 2021($000’s) HY2022 HY2021 Revenue from ordinary activities 10,084 12,760 Gross profit 7,783 10,699 Gross Margin % 77% 84% Other income 3 349 Depreciation & amortisation (449) (490) Profit before tax 951 3,464 Profit
Slide 21: Operating Revenue
Operating Revenue For personal use only Table reflects full year revenue for FY18-FY21, and half year revenue for HY22 REVENUE BY REGION Asia Pacific Europe USA 22,605 23,006 21,313 18,971 • Group revenue 10% lower than HY2021 10,330 12,596 • Good growth in Asia Pacific against HY2021 13,214 12,837
Slide 22: Cash Flow
Cash Flow Summary Cash Flow Statement For personal use only Half year ended 31 December 2021 ($000’s) HY2022 HY2021 Receipts from customers 13,067 12,965 Tax paid (406) (1,167) Payments to suppliers & employees (15,046) (13,198) Operating cash flows (2,374) (1,362) Investing cash flows (196) (207) F
Slide 23: Balance Sheet Remains Strong
Balance Sheet Remains Strong Summary Balance Sheet For personal use only Half year ended 31 December 2021 ($000’s) HY2022 FY2021 Cash and cash equivalents 9,697 11,847 Trade and other receivables 5,327 4,621 Inventories 2,996 2,021 Goodwill & intangible assets 10,036 10,705 Total assets 32,363 33,09
Slide 24: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by Senetas Corporation Limited (“Senetas“ or “the Company”) for the sole purpose of providing For personal use only general and background information on the Company. Nothing contained in this Presentation is or should be relied upon as