Slide 1: Senetas Corporation Limited 2024 Full Year Results
Senetas Corporation Limited 2024 Full Year Results – 30 August 2024 © 2024 Senetas Corporation Slide 1
Slide 2: FY2024 Group Operational Highlights
FY2024 Group Operational Highlights • Strong growth in sales to customers of Senetas hardware products • Senetas sales to customers by (global distribution partner) Thales were up over 100% compared to the prior period, and the number of units shipped to end customers was up 48% • Achieved largest v
Slide 3: FY2024 Group Financial Highlights
FY2024 Group Financial Highlights • Consolidated group operating revenue was $31.2 million (up 6.5%) with good growth in Votiro segment revenue • Reported Senetas segment operating revenue was similar to the prior year (down 0.3%), however, after adjusting for Variable Consideration it was up 6.8% •
Slide 4: Summary Statutory Financials
FY2024 Summary Statutory Financials Full year ended 30 June 2024 ($000’s) FY2024 FY2023 Revenue from ordinary activities - Senetas 21,575 21,640 - Votiro 9,672 7,707 Total Group Revenue 31,247 29,347 EBITDA - Senetas 3,368 3,880 - Votiro (13,623) (14,905) Group EBITDA (10,254) (11,025) Net profit (l
Slide 5: Outlook
Outlook • Strong customer sales of Senetas products to be maintained in FY2025 • Good sales pipeline growth in the June quarter provides solid momentum into FY2025 • A more significant reduction in Thales inventory is likely in FY2025 – which means lower inventory transfers and therefore a negative
Slide 6: Senetas Segment
FY2024 SENETAS SEGMENT © 2024 Senetas Corporation Slide 6
Slide 7: Highlights – Senetas Segment
FY2024 Highlights – Senetas Segment • Senetas segment reported revenue in FY2024 was similar to the prior period • Strong growth in customer sales of Senetas products and services by Thales was offset by lower inventory transfers and the related negative adjustment to Variable Consideration • Seneta
Slide 8: Senetas Operations
FY2024 Senetas Operations • Strong growth in customer demand for Senetas encryptors included the largest single sale in company history • The Middle East transaction added over $2 million to Senetas’s FY2024 revenue and the related maintenance contract will contribute an additional $1.4 million over
Slide 9: Votiro
FY2024 VOTIRO © 2024 Senetas Corporation Slide 9
Slide 10: Highlights – Votiro
FY2024 Highlights – Votiro Annual Recurring Total Sales Revenue Revenue (ARR) Pipeline US$10.4m >US$35.4m A$9.7m Up 49% from Aug 2023 At Aug 2024 Up 25% from FY2023 Total Contract Customer Renewal Value Rate US$33.3m >90%* * Customer renewal rate Up 52% from Aug 2023 2024 calendar YTD excluding the
Slide 11: Financials – Votiro
FY2024 Financials – Votiro • Votiro operating revenue was up 25% to $9.7 million driven primarily by growth in the Asia Pacific region – the Asia Pacific region remains the largest contributor to revenue & ARR • Votiro ARR was US$10.4 million – up 49% from August 2023 – with growth in all regions •
Slide 12: Votiro operations
Votiro operations • Votiro launched its new data detection and response (DDR) capability in the second half of FY2024 (refer slide 13). This represents a major new opportunity, particularly for the North American market • Whilst DDR sales are only at the early stage, customer feedback has been very
Slide 13: Votiro DDR
Votiro DDR The new capability provides a unified content security platform to provide Data Detection & Market Need Response (DDR), combining Votiro Reshapes How Unstructured Data real-time cybersecurity for data is Safeguarded privacy and threat protection Data Detection and Response (DDR) Zero Trus
Slide 14: Key Financials
KEY FINANCIALS © 2024 Senetas Corporation Slide 14
Slide 15: Consolidated Senetas Group Financials
FY2024 Consolidated Senetas Group Financials Full year ended 30 June 2024 ($000’s) FY2024 FY2023 Revenue from ordinary activities 31,247 29,347 Gross profit 27,020 23,990 Gross Margin % 86% 82% Other income 182 437 Depreciation & amortisation (3,119) (3,187) Profit (loss) before tax (13,453) (14,173
Slide 16: Senetas Operating Segment Results
Senetas Operating Segment Results Full year ended 30 June 2024 ($000’s) FY2024 FY2023 Revenue from ordinary activities 21,575 21,640 Gross profit 18,084 16,871 Gross Margin % 84% 78% Other income 182 437 Depreciation & amortisation (594) (732) Profit before tax 3,646 3,719 Profit after tax 3,181 3,1
Slide 17: Impact of Variable Consideration (AASB15)
Impact of Variable Consideration (AASB15) • AASB15 has applied to Senetas’s results since FY2019 (only the Senetas business segment has been impacted by Variable Consideration to date) • It requires the company to estimate and recognise the revenue expected to be earned from customer contracts in th
Slide 18: Impact of Variable Consideration (AASB15)
Impact of Variable Consideration (AASB15) Senetas operating segment – impact of AASB15 (Variable Consideration) on YoY growth rates for FY2024 Full years ended 30 June ($000’s) FY2024 FY2023 Difference % Senetas segment reported revenue 21,575 21,640 (65) (0.3) Variable Consideration per AASB15 (51)
Slide 19: Operating Revenue
Operating Revenue REVENUE BY REGION Asia Pacific EMEA USA • Group revenue up 6.5% with 25% 29,347 31,247 revenue growth in the Votiro business segment 25,109 23,006 21,313 22,605 9,628 • Reported Senetas segment 10,729 revenue in line with the prior 10,097 period – adjusted for the impact 12,596 10,
Slide 20: Cash Flow
Cash Flow Summary Cash Flow Statement Full year ended 30 June 2024 ($000’s) FY2024 FY2023 Receipts from customers 32,081 32,288 Tax refund/(paid) (290) 287 Payments to suppliers & employees (39,040) (40,116) Operating cash flows (6,488) (7,417) Investing cash flows (156) (442) Financing cash flows 6
Slide 21: Balance Sheet
Balance Sheet Summary Balance Sheet Full year ended 30 June 2024 ($000’s) FY2024 FY2023 Cash and cash equivalents 9,421 9,814 Trade and other receivables 11,738 6,005 Inventories 4,308 5,322 Goodwill & intangible assets 5,295 7,790 Total assets 34,937 31,665 Trade and other payables (5,511) (4,816)
Slide 22: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by Senetas Corporation Limited (“Senetas“ or “the Company”) for the sole purpose of providing general and background information on the Company. Nothing contained in this Presentation is or should be relied upon as a representation as t