Revasum — FY2018 Earnings Presentation
17 slides from Revasum's earnings presentation, Feb 27, 2019
Slide 1: Revasum, Inc. (ASX: RVS) FY2018 Results
Revasum, Inc. (ASX: RVS) FY2018 Results 27 February 2019 Presenters: Jerry Cutini, CEO Ryan Benton, CFO
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Revasum, Inc. (ARBN: 629 268 533) (Revasum) and is for information purposes only. Each recipient of this presentation is deemed to have agreed to accept the qualifications, limitations and disclaimers set out below. The information provided in this d
Slide 3: Agenda
AGENDA Executing our Strategy 2018 Full Year Financial Performance Market Opportunities and Highlights Appendix: Company Overview
Slide 4: Growth of Revasum
GROWTH OF REVASUM System revenue $16.7 Service, spares, and other revenue $3.2 $10.6 $2.5 $13.5 $7.2 $5.3 $2.3 Revasum $1.6 Revasum $8.1 completes begins ASX listing $1.5 $5.0 operation 48 staff $3.7 59 staff 78 staff 106 staff 2H16 1H17 2H17 1H18 2H18 (USD in Millions) * Fiscal year 2018 vs. Fiscal
Slide 5: FY18 Headlines
FY18 HEADLINES • Record Revenue of US$27.3 million in 2018 - increased 118% from prior year - compares to US$27.5 million IPO prospectus forecast • Global Resources added to Support Growth and New Product Development - Total Headcount increased from 59 to 106 employees during 2018 - Opened Branch Of
Slide 6: Performance and Breakdown
INDUSTRY SEGMENT END MARKET 17% 8% 14% 83% 2018 78% Substrate Device PERFORMANCE IoT Automotive 5G CUSTOMER TYPE AND PRODUCT CATEGORY BREAKDOWN 14% 11% New 42% Existing 58% 75% Polisher Grinder CMP Existing New 6 Company estimates based on revenue and customer data
Slide 7: 2018 Full Year Financial Performance
2018 FULL YEAR FINANCIAL PERFORMANCE
Slide 8: Delivering Profitable Growth
Delivering Profitable Growth 3X REVENUE INCREASE in Total Revenue IPO Prospectus Forecast 24 month period Total Revenue, COGS, Gross Profit, and GM% Half Year Results $20,457 $16,675 Gross MARGIN of 39% INCREASED from 32% GM $10,602 $10,142 YTD Shipments &1H19 Backlog $15.9M SHIPMENTS & BACKLOG $7,1
Slide 9: Investing In Growth and New Products
Investing In Growth and New Products 2H18 OpEx at 32% of sales Breakdown of Operating Expenses (excluding IPO Costs) $6,602 $1,264 - Selling & Marketing $4,573 $4,379 $1,103 team expanding and $3,292 $748 $1,279 increased variable $1,265 $1,191 $1,162 $2,243 commissions $860 $2,304 $2,098 $1,759 - G
Slide 10: 2018 Financial Highlights
Revenue increase 2018 Financial Highlights driven by increase of machine shipments (USD in millions) 1H18 2H18 Change FY18 IPO FY18* Variance from 14 in 1H18 to 21 in 2H18 Revenue $10.6M $16.7M 58% $27.3M $27.5M ($0.2M) Gross Profit $3.6M $6.6M $3.0M $10.2M $10.0M $0.2M 34.2% 39.2% 500 bps 37.2% 36.
Slide 11: Strong Balance Sheet Post IPO to Support Continued Growth
Strong Balance Sheet Post IPO Cash at 31 Dec 18 $24.5m to Support Continued Growth and no debt. 30 Jun 2018 Receivables at 31 Dec 18 of IPO Prospectus $8.2m increased due to (USD in thousands) 31 Dec 2018 Proforma 31 Dec 2017 higher sales. $6.2m customer receipts received Cash and cash equivalents $
Slide 12: Cashflow
Cashflow 2018 IPO Prospectus (USD in thousands) 2018 Statutory Forecast 2017 Cash at 31 Dec 18 Receipts from Customers $ 20,936 $ 21,998 $ 11,309 $24.5m vs. prospectus Payments to Suppliers and forecast of $24.5m for Employees (28,850) (27,310) (15,804) same period. Interest Paid - net (11) (2) (48)
Slide 13: Market Opportunities and Highlights
MARKET OPPORTUNITIES AND HIGHLIGHTS
Slide 14: Markets
MARKETS Global SiC Market (US$m) (1) 28.0% 1,084 CAGR 802 556 407 333 280 249 2016 2017 2018F 2019F 2020F 2021F 2022F Source: Yole 14 Headlines in 2019
Slide 15: Investment Highlights / Outlook
INVESTMENT HIGHLIGHTS / OUTLOOK • Capitalizing on strong growth in demand for end-use products driven by the Automotive, IoT, & 5G markets. • On track to meet 1H19 prospectus revenue forecast of US$20.5 million. Strong order book - $15.9 million shipments & backlog scheduled to ship in 1H19. Signifi
Slide 16: Questions
Questions Dial * 1 if you have a question
Slide 17: Slide 17