Atturra Limited · ASX:ATA
Atturra — Investor Presentation (November 2022)
40 slides from Atturra's investor presentation, Nov 28, 2022
Slide 1: Capital Raise Presentation
Capital Raise Presentation November 2022 Atturra Limited | ABN: 34 654 662 638 | Level 2, 10 Bond Street, Sydney, NSW 2000 Not for release to US wire services or distribution in the United States
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This investor presentation (Presentation) has been prepared by Atturra Limited (ACN 654 662 638) (Atturra or Company) and is dated 28 November 2022. This Presentation has been prepared in relation to a proposed capital raising comprising an underwritten pro rata accel
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Effect of rounding (if applicable) Several figures, amounts, percentages, estimates and calculations of value in this Presentation are subject to the effect of rounding. Past performance Information regarding past performance, including past share price information, g
Slide 4: Important Notice and Disclaimer
Important Notice and Disclaimer Investment risk An investment in securities in Atturra is subject to known and unknown risks, some of which are beyond the control of Atturra and its related bodies corporate (the Group). Atturra does not guarantee any particular rate of return or the performance of t
Slide 5: Important Notice and Disclaimer
Important Notice and Disclaimer Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in Hong Kong
Slide 6: Important Notice and Disclaimer
Important Notice and Disclaimer Representations If you are an investor from one of the jurisdictions listed below, and wish to participate in the Institutional Placement or Entitlement Offer, you do so on the basis of the relevant representations below: Hong Kong If you (or any person for whom you a
Slide 7: Contents
Executive Summary Atturra Business Overview Contents Operational Performance FY22 Financial Performance FY23 Outlook Overview of the Acquisition Targets Capital Raising Key risks and offer jurisdictions Atturra Limited — Capital Raise Presentation 7
Slide 8: Executive Summary
Executive Summary Atturra’s strong performance has continued through the start of FY23. ACQUISITION POST FUNDING COMPLETION Atturra is conducting a FY24 Forecast post completion ATTURRA'S MISSION since listing remains $25m capital raising at of the proposed Acquisitions unchanged. Atturra has identi
Slide 9: Business Overview
Business Overview Atturra Limited — Capital Raise Presentation
Slide 10: Vision & Strategy
Vision & Industry Technology Strategy Strategy Strategy FOCUS ON INDUSTRIES IN WHICH THERE IS: FOCUS ON: Atturra aims to be Australia’s leading A high barrier to entry, for High growth technologies so it can Advisory and IT example Defence requiring grow in lockstep, for example Boomi solutions prov
Slide 11: Industry Focus for specialist IT services
Industry Focus for specialist IT services CUSTOMER SECTOR CORE CUSTOMER DEMANDS FY22 HIGHLIGHTS BY INDUSTRY Successfully completing significant projects across Australia and New Zealand, we believe we Local are a leading Technology One service provider and believe we are INFOR’s largest partner in t
Slide 12: Atturra's Industry Growth
Atturra’s Industry Growth Client Metrics FY22 Revenue by Industry Local Government Utilities 10% Now worked with Grew to 35+ Utilities 6% 23% 120+ councils across clients in FY22 Australia and New Zealand 4% 7% Federal Government Financial Services One of the largest domestic 10% Grew to 20+ Financi
Slide 13: Business overview
Business overview Continuing demand in our Advisory & Consulting services with strong growth, Advisory & Consulting and expanded capability in the key Government Industry Capabilities. Expanded into the Manufacturing industry through the acquisition of Kettering. New Business Applications Partnershi
Slide 14: Total Addressable Market
Total Addressable Market 2022 2022 AUSTRALIA IT SPENDING FORECAST1 MARKET SIZE1 $41.5B ($AUD Billions) (12.2% growth) 25.3 $41.5 Estimated IT services spend in Australia 4.0 2022-23 GOVERNMENT ICT BUDGET2 DEFENCE ICT BUDGET2 17.2 IT services $27.7B $6.4B Software Devices 29.2 Data Centre Systems Com
Slide 15: Recent achievements
Recent achievements NEW WINS Sole Consulting Three Successful Award-winning SHORTLISTED Managed partner Acquisitions AFR & ARN Services APJ 2022 awards ANZ Partner Award AUGUST 21 Displacing Semestry, Berger Mentum Systems for Boomi Most Innovative Tier 1 incumbents Levrault & QAD Company MARCH 22 A
Slide 16: FY22 Financial Performance
FY22 Financial Performance Atturra Limited — Capital Raise Presentation
Slide 17: FY22 Financial Results
FY22 Financial Results 37% increase in revenue to $134.6m Quality of business has improved, Gross margin increased by 4% to 34% Improved profitability 99% increase in underlying EBIT to $13.8m FY22 FY21 % Underlying EBIT margin Revenue from customers 134,579 98,339 37% improved 3% to 10% EBIT 12,355
Slide 18: Financials Snapshot
Financials Snapshot Consolidated Revenue ($m) Gross Profit ($m) Underlying EBIT ($m) EBITDA ($m) 134.6 98.3 46.4 12.5 13.8 76.0 64.8 29.6 7.0 5.3 18.1 16.2 0.0 3.2 0.0 1.8 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 * Underlying EBIT excludes IPO expenses and ESS
Slide 19: FY22 Revenue Bridge
FY22 Revenue Bridge* 37% Increase Total $134,682 $17,384 Strong Revenue growth of 37% on $11,424 pcp driven by a mix of organic $98,339 $7,535 and inorganic growth made up of: Organic growth 18% Inorganic growth 19% FY22 $7.5M Revenue Acquisition of Mentum (August 21), Kettering (March 22) & Hayes (
Slide 20: FY23 Outlook
FY23 Outlook Atturra Limited — Capital Raise Presentation
Slide 21: FY23 Outlook
FY23 Outlook Growth philosophy 160-167m Our growth philosophy maintains consistent with our As a result, Atturra is forecasting a previously stated thesis to target growth of between Revenue range of between $160-$167M 20-25%, with a mix of inorganic and organic growth. (excluding impact of any acqu
Slide 22: 1H FY23 Outlook
1H FY23 Outlook Trading continues to be very strong $80M $7.5M 30% On track to deliver On track to deliver EBIT** Exceeding 30% growth PCP in excess of $80M exceeding $7.5m for 1H for both Revenue and EBIT** Revenue for 1H FY23 FY23 when compared to 1H FY22 * Based on trading up to 1 November 2022 p
Slide 23: Acquisition Overview
Acquisition Overview Atturra Limited — Capital Raise Presentation
Slide 24: Financial impacts of proposed acquisitions
Financial impacts of proposed acquisitions FY24 ACQUISITIONS IMPACT FY24 FY23 IMPACT ON FINANCIALS The proposed acquisitions impact If all proposed acquisitions proceed, The impact is heavily dependent on on FY24 financials will be it is anticipated that with current timing. Assuming the Acquisition
Slide 25: Acquisition Key Traits Strategic Rationale
OVERVIEW Acquisition Key Traits • A Managed Services provider with a very strong alignment to the Atturra Industry Strategy and an experienced and reputable management team. • Over 75 on-shore staff providing 24 x 7 support • Fully integrated and mature managed services provider Acquisition • Severa
Slide 26: Acquisition Key Traits Strategic Rationale
OVERVIEW Acquisition Key Traits • . • Is a Microsoft business that is complementary to one of our existing service offerings but has a portfolio of Government Departments that we currently do not service. In addition the acquisition has some specialist IP in the highly secure space that experiences
Slide 27: Acquisition Key Traits Strategic Rationale
OVERVIEW Acquisition Key Traits • Leader in the Enterprise Content Management (ECM) space, expanding Atturra current ECM capability and making Atturra a leader in the nominated Segment. • Over 100 Australian Government customers with many 10 year+ relationships • Current customer base help strengthe
Slide 28: Capital Raising
Capital Raising Atturra Limited — Capital Raise Presentation
Slide 29: Offer Details
Offer Details Offer size and structure Capital raising of approximately $25 million via a: • A fully underwritten Placement of approximately 2.67 million shares (representing approximately 1.3% of issued capital pre-issue) to institutional and sophisticated investors to raise approximately $2.3 mill
Slide 30: Sources & use of funds
Sources & use of funds SOURCES OF FUNDS A$M USES OF FUNDS A$M Placement 2.3 Acquisitions 24.2 Entitlement Offer 22.7 Capital raising costs 0.8 Total 25.0 Total 25.0 Acquisitions • Atturra has identified a number of acquisitions, in various stages of negotiation and Due Diligence which are anticipate
Slide 31: Offer Timeline
Offer Timeline EVENT DATE Announcement of Placement and Entitlement Offer Monday, 28 November 2022 7.00pm (AEDT) Wednesday, 30 Entitlement Offer Record Date November 2022 Institutional Placement and Entitlement Offer Institutional Placement and Entitlement Offer opens Monday, 28 November 2022 Instit
Slide 32: Key Risks
Key Risks Atturra Limited — Capital Raise Presentation
Slide 33: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Exposure to There is a risk that Atturra will not complete the acquisitions Third party Atturra relies on the success of third-party software to deliver its acquisition risks technology service offerings. Its’ operations would be materially impacted if con
Slide 34: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Lack of The Company does not have any registrable IP in relation to its Exposure to Data security and associated procedures are of significant importance to the retention of existing clients of the Company. There registrable IP software codes nor does it h
Slide 35: Key Risks
Key Risks RISK DESCRIPTION RISK DESCRIPTION Taxation An investment in securities involves tax considerations which differ for Underwriting The Company has entered into an agreement with the Joint Lead changes each securityholder depending on their individual financial affairs. risk Managers (Underwr
Slide 36: Underwriting Agreement - Termination Rights
Underwriting Agreement - Termination Rights Atturra Limited — Capital Raise Presentation
Slide 37: Underwriting agreement – Termination Rights
Underwriting agreement – Termination Rights The Company has entered into an agreement with the Joint Lead Termination Events more than 10.0% below its level at market close on the Managers (Underwriting Agreement) with respect to $2.3 million Business Day immediately preceding the date of this under
Slide 38: Underwriting agreement – Termination Rights
Underwriting agreement – Termination Rights j) (force majeure) there is an event or occurrence, including any statute, i. a general moratorium on commercial banking activities in or more; or order, rule, regulation, directive or request (including one compliance Australia, the United States of Ameri
Slide 39: Underwriting agreement – Termination Rights
Underwriting agreement – Termination Rights v) (constitution) the Issuer or an Issuer Group Member amends iv. any director of the Issuer is disqualified from its constitution or other constituent document of an Issuer managing a corporation under Part 2D.6 of the Group Member or announces a proposal
Slide 40: Thank you
Thank you CONTACT DETAILS Stephen Kowal CEO 02 9657 0999 Stephen.Kowal@atturra.com Atturra Limited | ABN 34 654 662 638 | Level 2, 10 Bond Street, Sydney NSW 2000