Pentanet Ltd · ASX:5GG
Pentanet — FY2023 Earnings Presentation
11 slides from Pentanet's earnings presentation, Aug 30, 2023
Slide 1: 5GG Investor Update FY23 Annual Report
5GG INVESTOR UPDATE FY23 ANNUAL REPORT
Slide 2: Disclaimer
Page 2 5GG PRESENTATION DISCLAIMER IMPORTANT: You must read the following before continuing. Summary information in relation to Pentanet Limited. This presentation contains summary information about Pentanet Limited (ACN 617 506 279) (“Company”), its subsidiaries and their activities which is curren
Slide 3: About Us
Page 3 5GG PRESENTATION About Us OUR VISION To build a market leading telecommunications network utilises cutting-edge technologies with 🔶 Next-gen capable network an emphasis on speed, quality and local support. 🔶 Market leading brand WHAT WE DO 🔶 Perth-based local team with Pentanet is a…
Slide 4: FY23 Financial Summary
Page 4 5GG PRESENTATION FY23 Financial Summary REVENUE +17% GROSS PROFIT +15% EBITDA +29% FY23 $20M FY23 $8M FY23 ($3M) FY22 $17M FY22 $7M FY22 ($4M) FY21 $11M FY21 $5M FY21 ($8M) • Revenue increased 17% YoY to • Consolidated gross profit increased by • EBITDA Breakeven exit run rate in June 2023 $1
Slide 5: Profit and Loss
Page 5 5GG PRESENTATION Profit and Loss Profit and Loss FY23 FY22 change PROFIT AND LOSS SUMMARY $'000 $'000 % • Revenue increased by 17% helped by 25% YoY increase in off-net recurring revenue from price increases. Revenue 19,733 16,829 17% • Other income increased by 307% driven by a $670k cash Gr
Slide 6: Balance Sheet Summary
Page 6 5GG PRESENTATION Balance Sheet Summary Balance Sheet FY23 FY22 change BALANCE SHEET SUMMARY $'000 $'000 % • The year-end cash balance of $7.4 million does not include a $2.5m term deposit Cash and cash equivalents 7,368 13,388 -45% set to mature on October 10, 2023. The term deposit serves as
Slide 7: Telecommunications Highlights
Page 7 5GG PRESENTATION Telecommunications Highlights $17.2m 95% Recurring Revenue Recurring Revenue, in FY23 +3% YoY FY23 FY22 Subscribers On-net Off-net Total Total Opening Balance 6,537 10,137 16,674 12,486 39% 47% Sales 976 2,077 3,053 5,758 of total subscriber base Telecommunications are on-net
Slide 8: Wireless Network Expansion
Page 8 5GG PRESENTATION Wireless Network Expansion EXPANDING ON-NET SERVICE OFFERING • FY23 initiated 5G network expansion utilising 5G 26GHz mm Wave Spectrum • Four towers with 5G Infrastructure installed and operational • Increasing coverage to 8 towers to enable 5G product launch in 1HFY24 • Plan
Slide 9: Cloud Gaming Operational Update
Page 9 5GG PRESENTATION Cloud Gaming Operational Update • 370,000 CloudGG users to end FY23 • Over 350 million minutes of gameplay with now over 1,600 titles • Achieved EBITDA breakeven in June 2023, with significant capacity for future paid growth. • YoY subscription revenue increased by 126% • Add
Slide 10: Cloud Gaming Strategic Partnerships & Integration
Page 10 5GG PRESENTATION Cloud Gaming Strategic Partnerships & Integration • Collaboration Agreement with Optus expected to accelerate paid user growth and will be launched in 1HFY24. • Exclusive distribution right for GeForce NOW in Australia still maintained • Integration with Samsung Gaming Hub,
Slide 11: Thank You
THANK YOU Unit 2, 8 Corbusier Place +61 8 9466 2672 ASX: 5GG Balcatta WA 6021 investors@pentanet.com.au pentanet.com.au/investor-centre