Slide 1: H1 FY24 Results Presentation
H1 FY24 Results Presentation. Brian Mangano CEO Ryan Sofoulis CFO 28 February 2024
Slide 2: H1 FY24 Financial Highlights
H1 FY24 Financial Highlights. Swift Enterprise Group Subscription Access Revenue Cash EBITDA EBITDA Revenue sales Position $9.5m $1.4m $0.9m $7.0m CAGR $2.5m 85% 125% Strong results driven by trend toward higher margin products
Slide 3: We deliver
We deliver. Swift delivers truly customer-centric end-to-end solutions by transforming the Television from a passive entertainment device into an interactive experience at the heart of any community. The Swift Access device can take any TV beyond the “Smart” TV of today to the next level – “Smarter
Slide 4: Our products
Our products. Swift’s Entertain-Engage-Enable come to life with Swift Access across different managed communities Mining. Create a resort style experience & Powered by proprietary low bandwidth technology Easy-to-use content management system for site and company information Ability to interrupt vie
Slide 5: Results summary
Results summary. Key points. $ millions H1 FY24 H1 FY23 % • EBITDA up 125% against prior corresponding period. • Subscription revenue is influenced by the following factors: Subscription Revenue 7.0 6.9 1% - Movement in product mix balance from largely reselling Foxtel entertainment only package. Pr
Slide 6: Balance sheet
Balance sheet. $ millions 31 December 2023 30 June 2023 Key points. Cash 2.5 2.1 • Cash balance $2.5 million up 19% from 30 June 2023. Receivables 2.5 3.2 Inventory 0.7 1.5 • Reduction in Receivables and Inventory working capital lock Other current assets 0.7 0.6 up largely offset by reduction in cu
Slide 7: Cash flow summary
Cash flow summary. $ millions H1 FY24 H1 FY23 Key points. Cash receipts from operations 9.6 9.2 • $1.0 million cash generated from operations. Cash payments for operations (9.6) (9.5) Finance costs (0.4) (0.5) • $1.4 million cash generated from operations before interest. Interest received - - • Rec
Slide 8: Swift Access sales
Swift Access sales. CAGR 85% We are growing Swift Access sales in both our target markets, with Mining sales growing steadily to 7% of the market. Aged Care sales growth is accelerating following the Covid shutdowns as the market responds to new Aged Care Quality Standards/Regulations. Total room sa
Slide 9: Evolving Product mix
Evolving Product mix. We are evolving the product portfolio from reselling only Foxtel to many clients, to a combined Swift/Foxtel offering and Swift Access as a stand-alone product. Note: The above room numbers only include new Swift Access rooms contracted since product launch in March 2022, and r
Slide 10: Margin Improvement
Margin Improvement. • As Swift Access sales increase to become a larger share of total room sales, Subscription Margin is trending higher. • We expect the trend to Swift Access to continue. • Continue to resell Foxtel in conjunction with Swift Access based on client requirements.
Slide 11: Achievements & Outlook. H2
Achievements & Grow subscription earnings Outlook. H2 Large scale installation of Swift Access in Mining 7% of the market Develop ACE platform and second-generation Swift Margin improved driven by Access platform installation of Swift Access Seek further partnership opportunities in both Mining and
Slide 12: Our clients
Our clients. Mining. & Market leaders with significant growth potential – site expansions and new sites. Aged Care. A strong portfolio of Private and Not for Profit Providers. Also, with potential expansion into Retirement Living portfolio.
Slide 13: Why Invest
Why Invest. Swift is a Tech opportunity without the capital requirements of Established annual Revenue circa $20 million a new start-up Subscription Revenue $14 million annualised Generating cash from operations Low market cap – 50% of Revenue Turn-around story Swift Access sales compoun
Slide 14: Corporate
Corporate. Capital Structure (ASX: SW1) Share price – 27 February 2024 1.4 cps Shares on issue 647 million Market Capitalisation $9.0 million Cash - 31 December 2023 $2.5 million Debt - 31 December 2023 $7.4 million Enterprise Value $13.9 million Board and Management Major Shareholders millions Char
Slide 15: Important notices
Important notices. This document has been prepared by Swift Networks Group Limited (ACN 006 222 395) (Company) and is current at the date of this document. The information contained in this document is a summary only and does not purport to be all inclusive or to contain all the information that a p
Slide 16: Thank you
Thank you. -\.