Slide 1: H1 FY25 Results
H1 FY25 Results 25 February 2025 Secure. Sustainable. Scalable. 1 spirit.com.au
Slide 2: Presenters
Julian Challingsworth Paul Miller Simon McKay Spirit Managing Director & CEO Spirit CFO Infotrust CEO Secure. Sustainable. Scalable. 2 spirit.com.au
Slide 3: Secure. Sustainable. Scalable.
Spirit Technology Solutions provides services and solutions that enable organisations to: Secure • Strengthen their security posture to match the constantly changing cyber threat landscape. Sustainable • Leverage intelligent, clean technologies to measure and reduce their carbon footprint, achieve n
Slide 4: Spirit Group – Solid H1 Performance - On track to deliver FY25 guidance
Spirit Group – Solid H1 Performance - On track to deliver FY25 guidance Highlights: • Revenue* of $50.3M versus $43.7M in the pcp • uEBITDA* of $3.9M versus $0.2M in the pcp • Cyber revenue up 97% to $14M with 20% uEBITDA margin • Managed Services turnaround continues with a positive contribution of
Slide 5: H1 FY25 Results: On track to deliver FY25 guidance
H1 FY25 Results: On track to deliver FY25 guidance Consolidated Financials Period Ending 31 December 2024 $ in 000’s H1 FY25 H1 FY24 Change (Restated) Pre restatement turnover 72,154 57,006 15,148 • During the half, the Company undertook a further detailed review of its application of principal vs a
Slide 6: Business segment performance highlights
Business segment performance highlights Cyber Security Secure Managed Services Communication & Collaboration • Cyber security investment accelerated with the • H1 FY25 result reflects the focus on stabilising and • Ongoing segment investment to facilitate growth acquisition of Forensic IT, providing
Slide 7: Cyber Security Revenue up 97% Contributing 46% of Segment Earnings
Cyber Security Revenue up 97% Contributing 46% of Segment Earnings uEBITDA* contribution by division Cyber Security grows from 5% in H1 FY23 of the business to 46% of the business in H1 FY25 further leveraging the company to the industry’s strong structural tailwinds * Analysis excludes Corporate. R
Slide 8: Spirit's Cyber Capabilities
Spirit's Cyber Capabilities Spirit: Secure Managed Nexgen: Communication & Infotrust: Cyber Forensic IT: DFIR Services Collaboration Secure Meetings and Professional Services Incident Response Secure Networks Communications Current Financial Reporting: Cyber Segment Cyber Products & Digital Forensic
Slide 9: Execution of Spirit's refreshed go-to-market strategy
The acquisitions of Infotrust and Forensic IT demonstrate execution of Spirit's refreshed go-to-market strategy, which provides a platform for the Company to become one of Australia’s leading providers of cyber security, secure digital workplaces and communication solutions. 1 Customer Growth 2 Part
Slide 10: FY25 guidance reaffirmed
• FY25 guidance reaffirmed: o Revenue of $100M-$110M in FY25. (Pre restatement turnover* of $154m - $164m in FY25 in line with previous guidance) Ongoing opportunity to cross-sell to Infotrust and Forensic IT customer base o Improved profitability with expected uEBITDA of $11m- $12m in FY25 Cybe
Slide 11: Secure. Sustainable. Scalable.
National footprint and Strong market tailwinds Advancing accretive Experienced board and Having streamlined and comprehensive SOC and across Spirit’s core markets acquisition opportunities executive team with refocused the Company’s incident response of cyber security, and organic growth extensive e
Slide 12: Secure. Sustainable. Scalable.
Secure. Sustainable. Scalable. 12 spirit.com.au
Slide 13: Segment Reporting H1 FY25
Segment Reporting H1 FY25 $ in 000’s Cyber Security Communication Managed Corporate Total & Collaboration Services Revenue 14,056 21,896 14,553 (171) 50,334 Underlying EBITDA 2,821 3,281 63 (2,307) 3,858 Depreciation and amortisation expense (exc. (330) (344) (372) - (1,046) amortisation on customer
Slide 14: Board of Directors
Board of Directors Shan Kanji Russell Baskerville Julian Challingsworth Chairman Deputy Chairman Managing Director & CEO Our Board has extensive experience leading some of the most successful companies in Australia. Lynn Warneke Dane Meah Simon McKay Non-Executive Director Non-Executive Director CEO
Slide 15: Executive Team
Executive Team Julian Challingsworth Paul Miller Nathan Knox Nick Hornstein Managing Director & CEO Chief Financial Officer Chief Operating Officer General Counsel Our executive team has extensive experience across Cyber Security, Managed Services and Communication & Collaboration. Simon McKay James
Slide 16: Customer Experience Excellence Community
Customer Experience We partner with our customers to create value. To create and be part of a thriving and resilient Australian economy, community and environment Excellence through improved use of advanced technology. We challenge how we empower, collaborate and communicate to deliver excellence to
Slide 17: Change in Accounting Policy and Non-IFRS Information
To be read in conjunction with the Directors’ Report and Interim Financial Report for the six months ended 31 December 2024 Change in Accounting Policy During the financial half-year, the Group undertook a further review of its application of principal vs agent pursuant to AASB 15 Revenue from contr
Slide 18: Disclaimer
Disclaimer Secure. Sustainable. Scalable. 18 spirit.com.au