Slide 1: 2023 Half Year Results
For personal use only Senetas Corporation Limited 2023 Half Year Results – 28 February 2023 © 2023 Senetas Corporation Slide 1
Slide 2: Group Financial Highlights
HY2023 Group Financial Highlights • Group operating revenue of $14.9 million – up 16% on HY2022 For personal use only • Senetas segment revenue up 9% to $11.0 million • Votiro segment revenue up 43% to $3.9 million. • Votiro annual recurring revenue (ARR) of US$4.8 million at 31 December (up 30% fro
Slide 3: Summary Financials
HY2023 Summary Financials For personal use only Half year ended 31 December 2022 ($000’s) HY2023 HY2022 % Change Revenue from ordinary activities - Senetas 10,964 10,084 9% - Votiro 3,945 2,753 43% Total Group Revenue 14,908 12,837 16% EBITDA - Senetas 2,204 1,390 59% - Votiro (6,714) (4,667) (44)%
Slide 4: Outlook
Outlook • Votiro’s outlook remains very positive with a strong sales pipeline that more than For personal use only doubled through HY2023 • Proceeds from the recent capital injection are being deployed to build sales and marketing resources in order to maximise capture of the fast growing sales pipe
Slide 5: Senetas Segment
HY2023 SENETAS SEGMENT For personal use only © 2023 Senetas Corporation Slide 5
Slide 6: Highlights – Senetas
HY2023 Highlights – Senetas For personal use only • Return to revenue growth for Senetas with HY2023 revenue up 9% • Whilst the component shortages across the industry globally continue to impact the timing of Senetas product shipments, some early signs of modest growth in end user shipments during
Slide 7: Senetas
Senetas • The Senetas sales pipeline remains strong For personal use only • Some very early signs in HY2023 that end user sales are beginning grow again, and that lead times for components order have started reducing • However, we continue to expect that industry component and other network equipmen
Slide 8: Votiro
HY2023 VOTIRO For personal use only © 2023 Senetas Corporation Slide 8
Slide 9: Highlights – Votiro
HY2023 Highlights – Votiro For personal use only Annual Recurring Total Sales Revenue Revenue (ARR) Pipeline US$4.8m At December 2022 – up >US$30m A$3.9m 30% from Dec 2021 At February 2023 Up 43% from HY2022 Total Contract Customer Renewal Value Rate US$10.7m >95% At December 2022 2022 calendar year
Slide 10: Financials – Votiro
HY2023 Financials – Votiro For personal use only • Votiro operating revenue was up 43% to $3.9 million driven primarily by growth in the Asia Pacific region – the Asia Pacific region was also the key driver of ARR growth in the period • Votiro’s ARR of US$4.8 million at 31 December 2022 was below in
Slide 11: Key HY2023 Milestones
Key HY2023 Milestones For personal use only • Votiro’s sales bookings for the calendar year to 31 December 2022 were US$9.4 million, up 125% over the prior calendar year • Votiro’s total sales pipeline more than doubled in HY2023 and currently sits at US$30 million • Successful capital raise in Feb
Slide 12: Pipeline development
Pipeline development For personal use only Votiro’s total sales pipeline* grew strongly through HY2023 and that momentum has continued into calendar 2023 US$13m US$26m US$30m July 22 Nov 22 Feb 23 The additional resources to be added to the business in 2023 as a result of the recent capital raising
Slide 13: Votiro Vision
Votiro Vision For personal use only Analyze and Deliver safe files to users and apps without compromising security and productivity Cloud File Web Portal Collaboration Shares Uploads Platforms DETECTION ANALYTICS Untrusted Safe Files - File Integrity - Threat / PII Detection Files - Fille Availabili
Slide 14: Capital Raise
Capital Raise For personal use only • Votiro has undertaken a recent capital raising to support business growth and accelerate sales pipeline capture – additional sales and marketing resources represent the major use of funds • At the same time, the Senetas loan to Votiro of US$6.4 million has been
Slide 15: Key Financials
KEY FINANCIALS For personal use only © 2023 Senetas Corporation Slide 15
Slide 16: Consolidated Senetas Group Financials
HY2023 Consolidated Senetas Group Financials For personal use only Half year ended 31 December 2022 ($000’s) HY2023 HY2022 Revenue from ordinary activities 14,908 12,837 Gross profit 12,122 10,350 Gross Margin % 81% 81% Other income 269 3 Depreciation & amortisation (1,620) (1,562) Profit (loss) bef
Slide 17: Senetas Operating Segment Results
Senetas Operating Segment Results For personal use only Half year ended 31 December 2022 ($000’s) HY2023 HY2022 Revenue from ordinary activities 10,964 10,084 Gross profit 8,465 7,783 Gross Margin % 77% 77% Other income 269 3 Depreciation & amortisation (387) (449) Profit before tax 2,331 951 Profit
Slide 18: Operating Revenue
Operating Revenue For personal use only Consolidated Revenue HY and FY • Group revenue 16% higher than 30,000 HY2022 • Good growth in Asia Pacific 25,109 25,000 driven by Votiro customer wins in 22,606 23,007 the region 21,313 20,000 • North America and EMEA similar to the prior half year 14,871 15,
Slide 19: Cash Flow
Cash Flow Summary Cash Flow Statement For personal use only Half year ended 31 December 2022 ($000’s) HY2023 HY2022 Receipts from customers 17,688 13,067 Tax paid (312) (406) Payments to suppliers & employees (18,923) (15,046) Operating cash flows (1,510) (2,374) Investing cash flows (128) (196) Fin
Slide 20: Balance Sheet
Balance Sheet Summary Balance Sheet For personal use only Half year ended 31 December 2022 ($000’s) HY2023 FY2022 Cash and cash equivalents 8,930 10,692 Trade and other receivables 6,941 9,057 Inventories 5,117 5,347 Goodwill & intangible assets 8,649 9,660 Total assets 32,639 38,163 Trade and other
Slide 21: 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