Senetas Corporation Limited · ASX:SEN
Senetas — Investor Presentation (November 2013)
21 slides from Senetas's investor presentation, Nov 25, 2013
Slide 1: Senetas Corporation Revised Corporate Overview
For personal use only SENETAS CORPORATION REVISED CORPORATE OVERVIEW DUPLICATED SLIDE 4 HAS BEEN REMOVED FROM THE PREVIOUS RELEASE & AND SLIDE 13 HAS BEEN ADDED TO THIS PRESENTATION NOVEMBER 2013 1
Slide 2: Capital Structure
SENETAS CORPORATION For personal use only ASX: SEN Capital Structure Market Cap. ($0.038 share): $48 mill Shares on Issue: Revenue: $7.7 mill 1,065 m EBITDA ($0.7) mill unlisted Net Profit: ($0.9) mill Net Cash: $4.1 mill Directors Francis Galbally - Chairman Andrew Wilson, CEO Lt Gen Ken Gillespie
Slide 3: Senetas leads the market in sophisticated data encryption devices
SENETAS LEADS THE MARKET IN SOPHISTICATED DATA ENCRYPTION DEVICES For personal use only World leading developer of high speed, layer 2 network security devices § Products meet the most stringent world-wide standards for security Overview § Products deployed across 29 countries § Head office in Me
Slide 4: Senetas is actively pursuing a range of short- and medium-term growth strategies
SENETAS IS ACTIVELY PURSUING A RANGE OF SHORT- AND MEDIUM- TERM GROWTH STRATEGIES TO RAISE ITS PROFILE AND EXPAND ITS For personal use only REACH Market expansion Offering expansion § Continued product innovation and R&D investment § Expand in UK via CAPS accreditation New markets § Develop secur
Slide 5: Business Highlights
BUSINESS HIGHLIGHTS For personal use only • Global leader of layer 2 network encryption devices Global leader • IP-rich with world leading R&D and product engineering capabilities • Sophisticated, high speed, scalable, low latency with plug-and-play ease-of-use, with the recently developed CN6000 ra
Slide 6: Senetas Encryption Product
SENETAS ENCRYPTION PRODUCT • PURPOSE BUILT ENCRYPTION TECHNOLOGY For personal use only • OVERCOMES TRADITIONAL ENCRYPTION LIMITATIONS: • Complexity • Incompatibility • Performance • Operate in either point-to-point or meshed/multi-point networks § ENCRYPTION PRODUCTS FOR SECURING THE FOLLOWING TYPE
Slide 7: Government, Defence and Commercial Customers Across Countries
GOVERNMENT, DEFENCE AND COMMERCIAL CUSTOMERS ACROSS 29 COUNTRIES For personal use only 7
Slide 8: Portfolio of industry-leading, high performance, low latency layer 2 encryption products
SENETAS HAS A PORTFOLIO OF INDUSTRY-LEADING, HIGH PERFORMANCE, LOW LATENCY LAYER 2 ENCRYPTION PRODUCTS For personal use only CN1000 100M/1G encryptor Ethernet § Versatile, high-performance encryption solution for 100Mbps, 1Gbps and 10Gbps layer Encryption 2 Ethernet networks that integrates into po
Slide 9: New CN6000 Series Encryptors at the cutting edge of layer 2 encryption
OUR NEW CN6000 SERIES ENCRYPTORS ARE AT THE CUTTING EDGE OF LAYER 2 ENCRYPTION TECHNOLOGY For personal use only § Designed to address the need for high speed (up to 10 Gbps), highly secure, highly resilient wire speed encryption of Ethernet traffic across both dark fibre and metro or wide area Ethe
Slide 10: Product / R&D Roadmap
5. PRODUCT UPDATE PRODUCT / R&D ROADMAP ROADMAP For personal use only NEAR-TERM PRIORITIES § NEW AND INNOVATIVE PRODUCT ENHANCEMENTS -‐ CN4010 low cost encryptor -‐ CN6010 cost reduced 1 Gb rackmount -‐ CN8000 multi-slot investigation -‐ Implementation of Transmission Security – unique feature
Slide 11: Unlike layer 3, layer 2 encryption enables high speed, scalable, secure data transfer
UNLIKE LAYER 3, LAYER 2 ENCRYPTION ENABLES HIGH SPEED, SCALABLE, SECURE DATA TRANSFER WITH NEAR ZERO LATENCY For personal use only § APPROXIMATELY 90% OF GLOBAL NETWORKS ARE LAYER 3 IP/TCP ROUTED NETWORKS Lowest impact on § NETWORK TOPOLOGIES ARE EVOLVING AND THE USE network performance OF LAYER 2
Slide 12: Only organisation certified against each of FIPS, Common Criteria and CAPS
SENETAS IS THE ONLY ORGANISATION GLOBALLY WHOSE ENCRYPTION PRODUCTS ARE CERTIFIED AGAINST EACH OF FIPS, COMMON CRITERIA AND CAPS For personal use only § Certification received in March 2012 (certificate § Certification received in November 2009 (certificate § Certification received in November 20
Slide 13: Near Term Market Drivers
NEAR TERM MARKET DRIVERS • NEW DISTRIBUTION RELATIONSHIP WITH SAFENET For personal use only • FAR GREATER ACCESS TO KEY GLOBAL MARKETS • DIRECT CUSTOMER CONTACT WITH LARGEST CUSTOMERS • RELATIONSHIP STRONGEST IT HAS EVER BEEN • SPECIFIC MARKET ENCRYPTORS • CUSTOM ALGORITHM ENCRYPTORS • NEW NATO CERT
Slide 14: Experienced leadership team
SENETAS IS MANAGED BY AN EXPERIENCED LEADERSHIP TEAM WITH LONG-TERM CONTINUITY IN THE PRODUCT DEVELOPMENT TEAM For personal use only CEO CTO GM Engineering GM Europe GM Marketing Andrew Julian John Gareth Simon Wilson Fay Weston Jones Galbally Chief Technical Officer General Manager of General Manag
Slide 15: Other Information – Industry Overview
For personal use only 3 | OTHER INFORMATION – INDUSTRY OVERVIEW
Slide 16: Explosive growth in data usage and pressure on network resources
ORGANISATIONS GLOBALLY ARE SEEING EXPLOSIVE GROWTH IN DATA USAGE AND INCREASING PRESSURE ON NETWORK RESOURCES For personal use only More and more content is created, transmitted and stored Unprecedented growth in valuable digital assets § MARKET ESTIMATES THAT THE "DIGITAL UNIVERSE" (THE AMOUNT §
Slide 17: Cyber intrusion is the biggest threat to valuable digital assets
CYBER INTRUSION IS THE BIGGEST THREAT TO VALUABLE DIGITAL ASSETS WHILST THEY ARE CREATED, STORED, MOVED AND SHARED For personal use only Drivers of increasing focus on cyber security Cyber- warefare / Cybercrime / Government / national fraud / Obsolete security regulatory technologies “hacktavism” r
Slide 18: Optical fibre is not inherently secure; encryption is the solution
IT HAS BEEN CLEARLY PROVEN THAT OPTICAL FIBRE IS NOT INHERENTLY SECURE… ENCRYPTION IS THE SOLUTION TO TOTALLY SECURING OPTICAL FIBRE For personal use only MYTH Optical fibre is inherently secure Anyone with mischief or criminal intentions can access data anywhere along an optical cable that is TRUTH
Slide 19: Addressable layer 2 encryption market expected to grow to c.$460M by 2017
THE ADDRESSABLE LAYER 2 ENCRYPTION MARKET IS EXPECTED TO GROW FROM C.$180M TO C.$460M BY 2017 For personal use only Layer 2 Encryption Market Estimates 2011 – 2017 market growth Assumptions 2011 2017 Ports sold (m) 184 307 Average ports per unit 16 16 Estimated units (m) 11.5 19.2 Percentage externa
Slide 20: Other players who compete in the layer 2 crypto device market
THERE ARE ONLY 3 OTHER PLAYERS WHO COMPETE IN THE MARKET FOR LAYER 2 CRYPTO DEVICES For personal use only § ATmedia is a Germany-based provider of high speed encryption products § Thales, a €5bn France-based diversified equipment and solutions provider, is a reseller of ATmedia layer 2 encryptors
Slide 21: Disclaimer
DISCLAIMER For personal use only THIS PRESENTATION ("PRESENTATION") HAS BEEN PREPARED BY SENETAS CORPORATION LIMITED (“SENETAS” OR “THE COMPANY”) FOR THE SOLE PURPOSE OF PROVIDING GENERAL AND BACKGROUND INFORMATION ON THE COMPANY. NOTHING CONTAINED IN THIS PRESENTATION IS OR SHOULD BE RELIED UPON AS