Intelligent Monitoring Group Limited · ASX:IMB
Intelligent Monitoring — 13th Australian Microcap Investment Conference 2024
22 slides from Intelligent Monitoring's conference presentation, Oct 29, 2024
Slide 1: 13th Australian Microcap Investment Conference
Sydney For personal use only 13th Australian Microcap Investment Conference October 2024 OUR BRANDS
Slide 2: Today's Speaker
TODAY’S SPEAKER For personal use only DENNISON HAMBLING MANAGING DIRECTOR INTELLIGENT MONITORING GROUP (ASX:IMB)
Slide 3: Disclaimer
DISCLAIMER This investor presentation has been prepared by Intelligent Monitoring Group Limited (ACN 060 774 227) (IMG or the Company). It contains general information about the Company and its subsidiaries (Group) and the Group’s business as at the date of this presentation. The information in this
Slide 4: What does Intelligent Monitoring Group (IMG) do?
WHAT DOES INTELLIGENT MONITORING GROUP (IMG) DO? For personal use only IMG, through its subsidiaries: • ADT, • Signature Security and • Intelligent Monitoring Solutions Is trusted by over 210,000 businesses, homes and people to monitor and protect their property and lives from a range of risks.
Slide 5: About Intelligent Monitoring Group (IMG)
ABOUT INTELLIGENT MONITORING GROUP (IMG) We operate out of all major cities in Australasia - Adelaide, Brisbane, Customer base Melbourne, Sydney, Canberra, Perth, Launceston, Auckland, of over 210,000 Wellington, Hamilton, and Christchurch, with a presence in many other locations. For personal use o
Slide 6: Company Timeline
COMPANY TIMELINE Current team have delivered a successful business turnaround and are now focused on growth and scaling up its new platform and services For personal use only 4 3 Scale 2 Move to growth ➢ Becoming the 1 Recovery & preeminent provider of electronic and rebase phase Business ➢ Acquisit
Slide 7: FY24 Results Overview
FY24 RESULTS OVERVIEW • IMG delivered a normalized (ADT 12-month period) EBITDA of $34.8m. • Reported Adj EBITDA of $32.6m (versus guidance of $32-32.5m) For personal use only • Proforma 12 mth ADT result of $34.8m (versus guidance of $33.5-34m, and original guidance of $31m). • Adjusted Cash in ban
Slide 8: Summary: Company Transformed During 2024
SUMMARY: COMPANY TRANSFORMED DURING 2024 Largest security monitoring company in Australasia Customers EBITDA Market Cap Net Debt ND:EBITDA EV:EBITDA For personal use only 1H 2023 (Pre ADT) ~70,000 $5.3m Proforma $16.6m (SP = $28.9m (1–year >5.0x 8.6x annualised $0.127cps) left) ~190,000 $34.8m FY24
Slide 9: Group Strategy & Growth
For personal use only GROUP STRATEGY & GROWTH
Slide 10: Corporate Strategy
CORPORATE STRATEGY For personal use only IMPROVE GROWTH 3 TRAJECTORY 2 REDUCE DEBT IMG has implemented three 1 DRIVE CASHFLOW key, capital light, growth strategies to revitalise IMG will focus cashflow ADT/IMG’s growth (and utilise its tax losses*) prospects. IMG will focus on improving to drive Net
Slide 11: Three Growth Areas
THREE GROWTH AREAS Looking to take share in growing markets For personal use only Residential Commerical & security Enterprise ADT Care We have lowered Goal is to return By using best-in- the upfront cost of ADT Commerical class monitoring security via new to $130m+ and customer security systems, re
Slide 12: Re-inventing Guarding
RE-INVENTING GUARDING For personal use only
Slide 13: Video Guarding
VIDEO GUARDING SEE MORE, WORRY LESS: GUARDING YOUR PEACE OF MIND Physical Guarding – Reliant on Video Guarding – Reliant on technology with Point of difference For personal use only humans with technology as a back-up humans as a back-up Patrolling: Regularly ❖ Cost-Effective Security: Reduces ✓ Con
Slide 14: Simply Put…
SIMPLY PUT… Physical Guarding Video Guarding For personal use only VS Risk of incident Real time incident being missed and reporting and perpetrator getting perpetrator getting away caught
Slide 15: Summary
SUMMARY 1. We have developed some key comparative advantages: • National coverage of our technical people (96 technicians in For personal use only Australia, 40 technicians in NZ). • Leading technology operating platform, increasingly focused on proactive video services. • Two of the few Brands that
Slide 16: Intelligent Monitoring &
For personal use only INTELLIGENT MONITORING &
Slide 17: Appendix
For personal use only APPENDIX
Slide 18: Group Vision & Values
GROUP VISION & VALUES We will become the leader in Professional Security and Security-related services for Businesses, Homes, Families, and Individuals in Australasia. For personal use only We will do this by providing the best professional service at the best value, with the latest technology avail
Slide 19: Group Structure
GROUP STRUCTURE For personal use only Australia Australia New Zealand Australia Residential / SME Residential / SME / Wholesale Residential / SME /Commercial / ADT Commercial / ADT Monitoring business Care Care Australia – 81% of New Zealand Group EBITDA – 19% of Group EBITDA © 2024 Intelligent Moni
Slide 20: Profit & Loss Overview
PROFIT & LOSS OVERVIEW P&L Summary FY24 FY23 Strong and improving P&L Revenue (11 mths ADT) $m 121.8 24.3 Gross Profit (11 mths ADT) $m 56.9 10.0 ➢ Adj EBITDA $32.6m, with 12mth For personal use only equivalent EBITDA $34.8m. EBITDA Adjusted EBITDA* (11 moths ADT) $m 32.6* 3.6 Margin 26.7% (inside t
Slide 21: 1H24 Balance Sheet
1H24 BALANCE SHEET Reset, stable balance sheet Balance Sheet Summary ready for refinancing FY24 FY23 For personal use only ➢ Finish FY24 with a strong cash position of $11.7m ($25.6m pre Cash $m 25.6 5.3 settlement of ACG and AAG). Receivables $m 22.3 3.8 ➢ Gross Secured Debt of $80m, Adj Inventory
Slide 22: Cashflow Overview
CASHFLOW OVERVIEW Cashflow Summary Continuing improvement in operating cashflows FY24 FY23 throughout FY24 and expected into FY25 Underlying EBITDA $m 19.8*** 3.6 For personal use only ➢ The business generates strong underlying operating cash flow - $20.8m pre-non-recurring costs Nonrecurring costs*
Intelligent Monitoring Group — 13th Australian Microcap Investment Conference 2024 on 6ix