Cap-xx Limited · LSE:CPX
Cap-xx — FY2021 Earnings Presentation
24 slides from Cap-xx's earnings presentation, Sep 29, 2021
Slide 1: Investor Presentation
Investor Presentation 29th September 2021 © 2021 CAP-XX (AUSTRALIA) PTY LTD
Slide 2: Disclaimer
Disclaimer This presentation and its enclosures and appendices (the “presentation”) have been prepared by CAP-XX Limited (the “Company”) exclusively for information purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities. This presentation has not been r
Slide 3: About CAP-XX
About CAP-XX • A market leader in prismatic, high power supercapacitors • Dual strategies of IP licencing and product sales • Strong IP licensed to multinationals Murata, AVX, TDK, CDE & Panasonic • Target applications are high growth (>US$100m pa) IoT markets • 30+ million CAP-XX supercapacitor cel
Slide 4: About CAP-XX
About CAP-XX CDE, USA MURATA, Japan AVX, USA TDK, Japan Panasonic, Japan Malaysia Headquarters • HQ, R&D, product & manufacturing development in Australia Manufacturing & • Volume manufacturing in Malaysia Licencees R&D & Engineering • Global market coverage via local sales agents Sales Agents © 202
Slide 5: Latest developments: FY21
Latest developments: FY21 • Revenue up 14% up on corresponding half-year • Product sales up 30% driven by IoT markets • Sales order book at end FY20/21 more than 160% higher than same time FY19/20 • Interest from global multinational companies increasing • Ex-Murata production line and new facility
Slide 6: Latest developments: FY21 Financials
Latest developments: FY21 Financials • Adjusted EBITDA* Loss is A$0.4 million when adjusted for Murata Project Costs & related R&D Tax Rebate (net A$1.56 million), patent infringement costs (A$0.3 million) and one-off bad debt provision (A$0.2 million) (2019: Loss of A$1.6 million) • Unadjusted EBIT
Slide 7: CAP-XX Profit & Loss
CAP-XX Profit & Loss Profit & Loss Full-year ended Full-year ended YOY Variance 30 June 2021 30 June 2020 Analysis $AUD 000’s (audited) (audited) $ % Product Revenue 3,517 2,709 808 30 Royalty/Licensing 584 879 (295) (34) Revenue from sale of goods and services 4,101 3,588 513 14 Cost of sale of goo
Slide 8: CAP-XX Balance Sheet
CAP-XX Balance Sheet As at As at YOY Variance Balance Sheet 30 June 2021 30 June 2020 Analysis $AUD 000’s (audited) (audited) $ Cash 182 2,895 (2,713) Other current assets 5,066 5,481 (415) Total current assets 5,248 8,376 (3,128) Total non-current assets 3,244 1,762 1,482 Right-of use Assets 2,906
Slide 9: CAP-XX Cash Flow
CAP-XX Cash Flow Full-year ended Full-year ended Cash Flow 30 June 2021 30 June 2020 YOY Variance Analysis $AUD 000’s $ (audited) (audited) Net cash outflow from operating activities (2,851) (4,457) 1,606 Net cash outflow from investing activities (1,707) (1,084) (623) Cash flow from financing activ
Slide 10: Acquisition of Murata production line completed
Acquisition of Murata production line completed • Customer demand building – demand from top 10 potential customers already exceeds annual capacity • More than 75% of Murata’s customers by value expected to be retained • Target Gross Margin’s expected to be achieved • Ex-Murata production line proje
Slide 11: Supercapacitors market growth
Supercapacitors market growth Source : IDTechex report: Supercapacitors: Applications, Players, Markets 2020-2040 © 2021 CAP-XX (AUSTRALIA) PTY LTD 11
Slide 12: IoT market growing exponentially
IoT market growing exponentially “Counting a mere 10 million connections in 2015, the global market for low-power wide-area (LPWA) connectivity was quasi non-existent 5 years ago. LPWA enables IoT connections for remote battery-powered devices…. In 2020 this market reached 423 million IoT connection
Slide 13: Key markets – automotive customers
Key markets – automotive customers 2021 = 68 Million Asset Tracking Devices Shipping © 2021 CAP-XX (AUSTRALIA) PTY LTD 13
Slide 14: Key markets – smart locks customers
Key markets – smart locks customers 2021 = 19.4 Million Smart Locks sold and CAGR of 15% through to 2029 © 2021 CAP-XX (AUSTRALIA) PTY LTD 14
Slide 15: Key markets – medical device customers
Key markets – medical device customers Source : Markets and Markets - Medical Device Connectivity Market – Global Forecast 2025 © 2021 CAP-XX (AUSTRALIA) PTY LTD 15
Slide 16: Key markets – smart meters
Key markets – smart meters 2021 = 150 Million Smart Meters Shipping © 2021 CAP-XX (AUSTRALIA) PTY LTD 16
Slide 17: Key markets – industrial IoT customers
Key markets – industrial IoT customers © 2021 CAP-XX (AUSTRALIA) PTY LTD 17
Slide 18: Key markets – energy harvesting customers
Key markets – energy harvesting customers © 2021 CAP-XX (AUSTRALIA) PTY LTD 18
Slide 19: Supercapacitor competitive landscape
Supercapacitor competitive landscape Source : Company © 2021 CAP-XX (AUSTRALIA) PTY LTD 19
Slide 20: Summary
Summary: • Adjusted EBITDA* is Loss of A$0.4 million (2019: Loss of A$1.6 million) • Revenue up 14% up on corresponding prior year period • Product sales up 30% driven by IoT markets • Sales order book at end FY20/21 more than 160% higher than same time FY19/20 • Aggregate level of customer enquirie
Slide 21: For more information, contact
For more information, contact: Anthony Kongats, Chief Executive Officer Anthony.Kongats@cap-xx.com or visit us at: www.cap-xx.com © 2021 CAP-XX (AUSTRALIA) PTY LTD 21
Slide 22: What a supercapacitor does
What a supercapacitor does *Comparison based on Energizer CR2032 **Comparison based on Tantalum 106 E Source : Company © 2021 CAP-XX (AUSTRALIA) PTY LTD 22
Slide 23: How a supercapacitor works
How a supercapacitor works Source : Company © 2021 CAP-XX (AUSTRALIA) PTY LTD 23
Slide 24: The IoT market is made up of 100's of applications
The IoT market is made up of 100’s of applications © 2021 CAP-XX (AUSTRALIA) PTY LTD 24