Slide 1: 1st Half FY23 Results Presentation
For personal use only 1 Half FY23 st Results Presentation 22 February 2023 COMMS GROUP LIMITED (ASX: CCG) https://commsgroup.limited 1 This document has been approved by the Board of Comms Group Ltd
Slide 2: Agenda
Agenda For personal use only Company Overview 3 Financial Highlights 5 Business Update 12 Strategy and Outlook 14 Appendix & Glossary 16 COMMS G ROUP | 2
Slide 3: Company Overview
For personal use only Company Overview COMMS G ROUP | 3
Slide 4: Comms Group at-a-glance
Comms Group at-a-glance A leading B2B provider of cloud-based communications and managed IT services to For personal use only businesses We service our customers via three key divisions Global We enhance business agility Telco service Specialist UCaaS Award-winning IT provider to and CPaaS provider
Slide 5: Financial Highlights
For personal use only Financial Highlights COMMS G ROUP | 5
Slide 6: Key financial highlights
Key financial highlights Continued trend in growing revenue and underlying EBITDA For personal use only H1 FY23 H1 FY23 H1 FY23 H1 FY23 Revenue Underlying EBITDA1 Gross Profit Gross Margin Up 50% Up 16% Up 54% 47% vs pcp to $26.0m vs pcp to $2.3m vs pcp to $12.2m 1 Underlying EBITDA excludes net int
Slide 7: Continued growth of the business
Continued growth of the business For personal use only Total Revenue Underlying EBITDA1 30 2.5 $2.30m $26.0m $2.10m $24.0m $2.00m $1.95m 25 2.0 20 $17.3m $16.1m 1.5 $1.20m 15 $9.1m 1.0 10 5 0.5 0 0.0 H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 Continued revenue gr
Slide 8: Financial Performance 1H FY23
Financial Performance 1H FY23 For personal use only • Gross Margins overall increased to 47% $M H1 FY22 H1 FY23 including acquired businesses for the full period. Operating Revenue 17.3 26.0 • Doubtful debts have been kept to a minimum with little impact on collections. Cost of Sales (9.4) (13.8) •
Slide 9: Financial performance over time
Financial performance over time Operating Revenue Gross Profit For personal use only 19.1 45 41.0 20 35 15 25.1 23.7 11.4 11.1 25 19.1 10 9.0 15 16.1 6.9 9.4 26.0 4.4 12.2 17.3 5 5 9.7 9.0 8.0 4.6 4.5 -5 FY20 FY21 FY22 H1 FY23 0 FY20 FY21 FY22 H1 FY23 1st Half 2nd Half 1st Half 2nd Half Revenue by B
Slide 10: Cash Flow
Cash Flow For personal use only $M H1 FY22 H1 FY23 • Underlying operating cashflow Underlying operating cashflows 1.4 1.1 $1.1m. Less: Payment of business acquisition, restructuring, integration and one-off costs (0.6) (0.5) • Net proceeds from borrowings includes $1.3m term loan Net cash from opera
Slide 11: Balance Sheet
Balance Sheet For personal use only • Strong balance sheet, net assets $32.3m 30 June 31 Dec $M representing an increase of $2.3m since 2022 2022 30 June 22. • Cash of $1.8m at 31 Dec 22 post the Working Capital (current assets less (4.4) (0.2) current liabilities) final acquisition payment of $0.5m
Slide 12: Business Update
For personal use only Business Update COMMS G ROUP | 1 2
Slide 13: Business Update
Business Update For personal use only OVERALL STRONG INVESTING FOR KEY CUSTOMER PERFORMANCE NEW SALES FURTHER GROWTH WINS GLOBALLY Businesses continues Continuing strong ONP earn out ended 31 Dec Some good wins with to see good customer new sales levels - 22 - don’t expect further global car
Slide 14: Comms Group strategic imperatives
Comms Group strategic imperatives For personal use only Extend our Become a key Grow to scale Expand S services in the UCaaS and organically domestically T corporate CPaaS and via to become a R mid-market provider acquisitions to A national sector with a throughout over $100m T provider full ICT ser
Slide 15: Outlook
Outlook For personal use only We expect to FY23 Revenue is Expect to start to FY23 Underlying also continue to expected to be see some solid EBITDA is expected grow via growth in Global to be strategic $50m+ division from Vodafone & acquisitions as other Partners $5m+ appropriate M&A opportunities a
Slide 16: Appendix - Products and services
Appendix 1 - Products and services A full telco & ICT product suite and leading position as a global unified communications For personal use only provider Voice services Data services Managed IT services Unified Comms Solutions Wholesale/Global (UCaaS) • Replace legacy • High speed fibre-optic • 24x
Slide 17: Appendix - Comms Group global network
Appendix 2 - Comms Group global network For personal use only Comms Group is a leader in Microsoft Teams calling for global businesses. Extensive international network with in-depth Asia Pacific coverage and carrier relationships. Upgraded & expanded capacity of core Global voice network with 6 Supe
Slide 18: Glossary
Glossary Term Definition For personal use only Cloud Communications The provision of key communications services from cloud servers based in data centres and over high speed internet connections. Cloud PBX, Cloud Phone, A cloud PBX functions the same as an in office PABX but is hosted in a cloud ser
Slide 19: Disclaimer
Disclaimer For personal use only The material in this presentation is a summary of Comms Group Ltd’s (CCG) Due care and consideration should be undertaken when considering and analysing activities and results, and is current at the date of preparation, 22 Feb 2023. Further CCG’s financial performanc
Slide 20: For personal use only
For personal use only COMMS GROUP LIMITED (ASX: CCG) This document has been approved by the Board of Directors