Swoop Holdings Limited · ASX:SWP
Swoop — H1 FY2022 Earnings Presentation
20 slides from Swoop's earnings presentation, Feb 22, 2022
Slide 1: 1H FY22 Financial and Operational Results
For personal use only 1H FY22 Financial and Operational Results 1H FY22 Investor Briefing 22 February 2022 1
Slide 2: 1H FY22 Highlights
For personal use only 1H FY22 Highlights 2
Slide 3: 1H FY22 Highlights
For personal use only 1H FY22 Highlights Increased Fixed Wireless network coverage (growing towers from 390 to 477) Launched Dark Fibre network and products (Post 1H) Launched Voice Product (late 1H) Increasing gross margins as a result of infrastructure investments (54% to 57%) Increasing EBITDA Ma
Slide 4: Financial Highlights
For personal use only 1H FY22 Financial Highlights 1H FY22 Revenue EBITDA $23.9M Revenue1 23,853m 5,286m +62% pcp2 +62% +130% 14,687m 1H FY22 Gross 2,300m $13.6M Margin 3,400m +72% pcp2 0 H1 FY20 H1 FY21 H1 FY22 H1 FY20 H1 FY21 H1 FY22 EBITDA Margin % 1H FY22 Underlying Gross Margin $5.3M EBITDA3 13
Slide 5: Business Update
For personal use only 1H FY22 Business Update 5
Slide 6: SIO growth
For personal use only 1H FY22 SIO growth 47% growth in SIOs from end 1H FY21 to end 1H FY22 Residential Increasing organic growth into 2H FY22 from focused marketing in recently 25,709 completed roll out regions and recent acquisitions +32% 19,542 Strong momentum with 1HFY22 highest Net Service grow
Slide 7: Infrastructure expansion increasing margins
For personal use only Infrastructure expansion increasing margins Gross Margin Significant margin increase for on net services vs off net services 13,625 Organic increase in towers reflects organic roll out in Victoria, WA and +72% recent acquisitions 7,899 Yet to realise much of the synergies of re
Slide 8: Financial Results
For personal use only 1H FY22 Financial Results 8
Slide 9: Underlying Profit and Loss
For personal use only Underlying Profit and Loss Underlying Results [2] ($000) 1H FY21 [1] 1H FY22 Change • Revenue increased by 62% over the prior corresponding period (pcp) Revenue 14,687 23,853 +62% • Revenue growth reflects organic growth of over 10% plus contribution from acquisitions COGS 6,78
Slide 10: Revenue Analysis
For personal use only Revenue Analysis Segment Revenue ($000) 1H FY21 [1] 1H FY22 Change • Business revenue growth driven by organic growth of the NBN EE market, plus Business 1,285 3,346 +160% Countrytell acquisition Residential 7,437 10,681 +43% • Wholesale revenue growth reflects solid Wholesale
Slide 11: Summary Balance Sheet
For personal use only Summary Balance Sheet Summary Balance Sheet $000 FY21 [1] 1H FY22 • Strong cash position, with a debt facility being finalised, provides a substantial “war chest” for Cash at Bank 17,498 44,548 acquisitive and organic growth Other current assets 7,085 6,707 • Growth in fixed as
Slide 12: Summary Cash Flow
For personal use only Summary Cash Flow Summary Cash Flow $000 1H FY21 [1] 1H FY22 • 1H FY22 Operating cash flow includes $1.2m of acquisition and integration related Customer receipts 15,608 24,583 outflows Payments to suppliers and employees (12,171) (21,678) • Majority of capex is network expansi
Slide 13: Strategy and outlook
For personal use only Strategy and outlook 13
Slide 14: FY22 Revenue and Underlying EBITDA Guidance
For personal use only FY22 Revenue and Underlying EBITDA Guidance Revenue Guidance Underlying EBITDA Guidance >61% $50.0m - $53.0m $12.0m - $12.5m yoy Growth >144% $30.9m yoy Growth $4.9m $15.2m $1.8m FY20 (PFA) FY21 (PFA) FY22 (F) FY20 (PFA) FY21 (PFA) FY22 (F) Expected to be at top end of Guidance
Slide 15: Four Pillars of Growth
For personal use only Four Pillars of Growth Infrastructure Business Residential Wholesale (FW and Fibre) Leverage & Expand Resell NBN Enterprise & Retail NBN Internet FW and Fibre Assets & Existing Infrastructure Value add products Products NBN EE resale Assets Regional & National Coverage National
Slide 16: Acquisition Integration Update
For personal use only Acquisition Integration Update Name Branding Products Sales Team Finance Systems Core Network Infrastructure Synergies NodeOne Speedweb Beam Community Communications Countrytell VoiceHub N/A 16
Slide 17: Acquisitions to date and planned accretive acquisitions
For personal use only Acquisitions to date and planned 6 accretive acquisitions Well advanced in Significant pipeline in completed to date negotiations and a discussion across FW, (incl. iFibre) further 2-3 Resell, Fibre, Voice acquisitions to be announced in Q3 FY22 17
Slide 18: Outlook
For personal use only Outlook Expanding organic revenue Acquisitions integrating well Strong acquisition pipeline growth and growing better under across our key 4 growth Swoop areas New high margin products Scale & Acquisition Synergies Build the next large scale beginning in FY22 and full National
Slide 19: Appendix
For personal use only Appendix 19
Slide 20: Important Notice & Disclaimer
For personal use only Important Notice & Disclaimer This presentation dated 22 February 2022 has been prepared by and is being issued by Swoop Holdings Future performance – Past performance information provided in this presentation may not be a reliable Limited ACN 009 256 535 (ASX: SWP) (Company or