Slide 1: Senetas Corporation Limited 2021 Half Year Results
For personal use only Senetas Corporation Limited 2021 Half Year Results – 26 February 2021 © 2021 Senetas Corporation Slide 1
Slide 2: HY2020 Group Highlights
HY2020 Group Highlights For personal use only • Group operating revenue of $14.3 million – up 35% on HY2020 • Operating profit before tax for the Senetas business segment of $3.5 million – up over 250% on the underlying Senetas segment result in HY2020 • Group net loss before tax $1.7 million – incl
Slide 3: HY2021 Highlights – Senetas Segment
HY2021 Highlights – Senetas Segment For personal use only • Operating revenue up 34% with strong growth in both product sales and maintenance revenue • Good revenue growth across all geographic regions and market segments • EMEA revenue up over 80% with significant contribution from customers in the
Slide 4: HY2021 Highlights – Votiro
HY2021 Highlights – Votiro For personal use only • Votiro operating revenue contribution to the consolidated Group is up 40% on the prior period (6 months revenue in HY2021 – only 2 months of revenue in HY2020) • Underlying Votiro revenue on a like for like basis was down 17%) • Votiro HY2021 loss b
Slide 5: Key Financials
KEY FINANCIALS For personal use only © 2021 Senetas Corporation Slide 5
Slide 6: HY2021 Consolidated Senetas Group Financials
HY2021 Consolidated Senetas Group Financials For personal use only Half year ended 31 December 2020 ($000’s) HY2021 HY2020* Change Revenue from ordinary activities 14,272 10,601 35% Gross profit 12,159 9,008 35% Gross Margin % 85% 85% - Other income 349 324 8% Depreciation & amortisation (1,676) (64
Slide 7: Senetas Operating Segment Results
Senetas Operating Segment Results Half year ended 31 December 2020 ($000’s) HY2021 HY2020 For personal use only Revenue from ordinary activities 12,760 9,524 Gross profit 10,699 8,027 Gross Margin % 84% 84% Other income 369 324 Profit before tax 3,464 103 Adjustments to calculate underlying Senetas
Slide 8: Operational Update
OPERATIONAL UPDATE For personal use only © 2021 Senetas Corporation Slide 8
Slide 9: Senetas
Senetas For personal use only • Senetas’s 10Gbps and 1Gbps encryptors remain the largest revenue drivers, but the 100Gbps encryptors are building an increasing share • Sales of 100Gbps encryptors to end user customers in HY2021 doubled compared to the prior corresponding period • Key sales highlight
Slide 10: R&D Priorities
R&D Priorities For personal use only Investment in Quantum readiness • In HY2021 Senetas announced the first to market high-assurance quantum resistant network encryption cybersecurity solution • The quantum resistant encryption will provide sensitive government and business network data the necessa
Slide 11: Votiro Update
Votiro Update For personal use only • Demand for software tools to protect against malware and ransomware attacks is anticipated to grow strongly • Strategic plans and product development for Votiro remain on track • Sales growth impacted by COVID-19 through the June and September quarters – but Dec
Slide 12: Votiro Rights Issue
Votiro Rights Issue For personal use only • Senetas remains very excited about the growth potential of the Votiro business and its ability to deliver significant value to Senetas shareholders • A rights issue by Votiro is proposed before the end of FY2021 in order to support Votiro’s working capital
Slide 13: Detailed Financials
DETAILED FINANCIALS For personal use only © 2021 Senetas Corporation Slide 13
Slide 14: Operating Revenue
Operating Revenue For personal use only REVENUE BY REGION Asia Pacific Europe USA • Growth in all regions 22,605 21,313 • Revenue up over 80% in EMEA 18,971 17,591 • Senetas segment product sales and 12,596 14,272 maintenance revenue both up over 30% 13,214 10,018 • Maintenance revenue 48% of total
Slide 15: Cash Flow
Cash Flow Summary Cash Flow Statement For personal use only Half year ended 31 December 2020 ($000’s) HY2021 HY2020* Change Receipts from customers 12,965 9,034 44% Tax paid (1,167) (585) (99)% Payments to suppliers & employees (13,198) (10,071) (31)% Operating cash flows (1,362) (1,513) 10% Investi
Slide 16: Balance Sheet Remains Strong
Balance Sheet Remains Strong Summary Balance Sheet For personal use only Half year ended 31 December 2020 ($000’s) HY2021 FY2020* Change Cash and cash equivalents 13,766 15,711 (12)% Trade and other receivables 5,709 5,483 4% Inventories 2,154 2,453 (12)% Goodwill & intangible assets 11,309 14,058 (
Slide 17: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by Senetas Corporation Limited (“Senetas“ or “the Company”) for the sole purpose of providing For personal use only general and background information on the Company. Nothing contained in this Presentation is or should be relied upon as