Electro Optic Systems Holdings Limited · ASX:EOS
Electro Optic Systems — Shareholder Meeting (May 2023)
10 slides from Electro Optic Systems's shareholder meeting presentation, May 23, 2023
Slide 1: 2023 Annual General Meeting – CEO’s Presentation
2023 Annual General Meeting – CEO’s Presentation Canberra, 23 May 2023 Electro Optic Systems Holdings Limited (EOS or Company) (ASX: EOS) provides the attached CEO Presentation to be delivered at today’s Annual General Meeting commencing at 9.00am AEST at the offices of MinterEllison, Level 40, Gove
Slide 2: Annual General Meeting CEO Presentation
Electro Optic Systems Holdings Limited Annual General Meeting CEO Presentation 23 May 2023
Slide 3: CEO Presentation
CEO Presentation EOS is a Defence Technology business with new leadership driving a turnaround and product commercialisation 1. EOS at a Glance 2. Recent Challenges and Actions Taken 3. Q1 2023 Progress Update 4. Future Growth 5. Summary and Actions 2
Slide 4: EOS at a Glance
EOS at a Glance The global defence industry is technology-led and growing strongly. EOS operates across three business areas: Defence Systems EM Solutions Space Systems • Remote Weapon Systems (RWS) manufacturer – • Leading naval satcom terminal manufacturer • Space laser tracking and identification
Slide 5: Recent Challenges and Actions Taken
Recent Challenges and Actions Taken The new Leadership Team is established, and turnaround actions are underway Recent Challenges Actions Taken • Funding of SpaceLink • New CEO - Aug 2022 • Middle East Contract – COVID-19, supply chain etc. • New CFO - Sep 2022 factors • New Chair - Nov 2022 • US op
Slide 6: Progress Update
Progress Update EOS has cut costs, launched new products, signed contracts, and improved cashflow 1. Q4 22 Initiatives – Benefit Realisation • US SpaceLink now in US liquidation • Group restructuring program accomplished: 30% reduction in global headcount; ca. 50% in indirect positions 2. Middle Eas
Slide 7: Building the New Business - EOS 2.0
Building the New Business - EOS 2.0 EOS Aims to achieve sustainable growth with a disciplined strategic approach Phase 1 Phase 2 Phase 3 Restructuring Implementation of Strategy Sustainable Growth 2022 2023-2024 from 2025 Lean Re-Organisation Pillars of the New Strategy Maximise Government R&D Fundi
Slide 8: EOS Four Growth Pillars
EOS Four Growth Pillars EOS will be product-led with growth focused in four key areas We Are Now Strategically Disciplined with a Focus on Four Business Lines, which: • have a strategic growth potential; • are based on EOS heritage technology and innovation portfolio; and • have a competitive advant
Slide 9: Summary and Actions
Summary and Actions The turnaround is well established and future growth is targeted Summary • Restructuring accomplished • Strong defence markets • Significant future opportunities: • Commercialise technology / product launches • Comprehensive and structured market approach • Positive Q1 cash resul
Slide 10: Thank you
‘y f Thank you
Electro Optic Systems Holdings — Shareholder Meeting (May 2023) on 6ix