Ignite Limited · ASX:IGN
Ignite — Investor Presentation (November 2023)
21 slides from Ignite's investor presentation, Nov 23, 2023
Slide 1: Ignite Limited Accelerated Non-Renounceable Rights Issue and Shortfall Offer
IGNITE LIMITED ACCELERATED NON-RENOUNCEABLE RIGHTS ISSUE AND SHORTFALL OFFER INVESTOR PRESENTATION 1
Slide 2: Importance notice and disclaimer
Importance notice and disclaimer The following Important Notice and Disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By a
Slide 3: Importance notice and disclaimer
Importance notice and disclaimer Financial information The historical financial information in this Presentation is presented in an abbreviated form insofar as it does not include all of the presentation and disclosures required by the Australian Accounting Standards (AAS) and other mandatory profes
Slide 4: Importance notice and disclaimer
Importance notice and disclaimer Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and geopolitical tensions Forward-looking statements including projections, guidance on future earnings and estimates are
Slide 5: Importance notice and disclaimer
Importance notice and disclaimer Information and liability To the maximum extent permitted by law, IGNITE and its Beneficiaries exclude and expressly disclaim: • all duty and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any exp
Slide 6: Executive Directors Update
Executive Directors Update As noted in our Annual Report for the period ending 30 June 2023, the statutory result for the Group was a loss after income tax of $1,549,000 as compared to loss after income tax of $285,000 in the prior corresponding period. Since Cameron Judson commenced as an Executive
Slide 7: Executive Directors Update
Executive Directors Update 3. support organic growth in contracting in Specialist Recruitment; 4. support inorganic growth, as IGNITE explores options in Managed Services; and 5. support the attraction of new talent, and retention of IGNITE’s high performers. IGNITE is Specialist Recruitment busines
Slide 8: Proposed offer timetable
Proposed offer timetable Event Date Announcement of the Entitlement Offer 23 November 2023 Record Date for eligibility to participate in the Entitlement Offer and announcement of the results 27 November 2023 of the Placement and Institutional Entitlement Offer Dispatch of Offer Booklet to Eligible R
Slide 9: PEOPLE
PEOPLE Being a business that is heavily reliant on its key people, the Board believes developing and retaining talent is key to IGNITE’s future success and growth. We will use the funds raised to continue to invest time, energy, and resources in on the desk coaching, learning and development, leader
Slide 10: CLIENTS and CANDIDATES
CLIENTS and CANDIDATES From a client and candidate perspective, our Specialist Recruitment business continues to focus on Federal Government, where IGNITE is a Top 10 provider of recruitment services. We will use the funds raised to accelerate our contracting growth, with our aim to become a Top 3 p
Slide 11: ONE WAY OF WORKING
ONE WAY OF WORKING We are developing one way of working across the Group regarding our processes, systems, technology, and exploring future innovations to support our people to be more productive and make more placements. Our leaders’ focus is on ensuring all our Specialist Recruitment resources und
Slide 12: BALANCE SHEET
BALANCE SHEET IGNITE currently has the secured debt Facility in place with ScotPac Business Finance to meet its working capital requirements. The key commercial terms of the Facility include (without limitation) the following: • the maximum Facility amount is the lower of 85% of ‘approved debtors’ o
Slide 13: FY24 Year to Date Financial Progress
FY24 YEAR TO DATE FINANCIAL PROGRESS We have made positive early progress in Q1 FY24 towards turning around the Group’s performance. The FINANCIAL HIGHLIGHTS for the quarter ending 30 September 2023 as compared to prior corresponding period (ending 30 September 2022) are: • EBITDA of $305k, up 173%
Slide 14: OUTLOOK
OUTLOOK IGNITE has traded profitably for the first 4 months of FY24. We will continue to invest in training and learning and development to provide our people with the necessary skills, experience, and qualifications they need to be successful. In improving each team member’s productivity and perfor
Slide 15: Risks of the Offer
Risks of the Offer As with any securities investment, there are risks associated with investing in the Company. Before subscribing for New Shares, Eligible Retail Shareholders should carefully consider and evaluate the Company and its business and whether the New Shares are suitable for them to acqu
Slide 16: Risks of the Offer
Risks of the Offer The Company is in an industry with low barriers to entry. Competitors could increase their competitive position (for example through pricing of services) which may have an impact on future revenue and margins of the Company. Reliance on key contracts and business relationships The
Slide 17: Risks of the Offer
Risks of the Offer Security breach and data privacy The Company’s services involve the storage and transmission of client’s confidential and proprietary information, including intellectual property, confidential business information, information regarding their employees, and other confidential info
Slide 18: Risks of the Offer
Risks of the Offer Breach of intellectual property may result in the need to commence legal action, such as infringement or administrative proceedings, which could be costly, time consuming and potentially difficult to enforce in certain jurisdictions and may ultimately prove unfavourable. Failure t
Slide 19: Risks of the Offer
Risks of the Offer Economic conditions The economic condition of both domestic and global markets may affect the performance of the Company. Factors such as fluctuations in currencies (including exchange rates), commodity prices, inflation rate, interest rates, supply and demand and industrial disru
Slide 20: Risks of the Offer
Risks of the Offer Asset impairment As a consequence of the global financial crisis, ASIC has specifically identified impairment of assets as an issue for Australian companies. Consistent with Australian Accounting Standard AASB 136 Impairment of Assets, the Company is periodically required to asses
Slide 21: Risks of the Offer
Risks of the Offer Share market conditions Securities listed on a stock exchange can experience price and volume fluctuations that are often unrelated to the performance of the company. General factors that may affect the market price of the Shares include economic conditions, both locally and inter