Slide 1: FY22 H1 Results
Spirit Technology Solutions Ltd (ASX:ST1) FY22 H1 Results | Feb 2022 Sol Lukatsky | Managing Director Paul Miller | CFO 1 Do IT with Spirit spirit.com.au
Slide 2: H1 FY22 Results Overview
FY22 H1 Results | Feb 2022 Record Sales Revenue growth of 54% driven by product and geographic diversification Solid H1 performance: FY22 H1 sales revenue of $65.9M, up 54% YoY, and positive underlying EBITDA2 of $4.2M achieved during lockdowns H1 FY22 Results Overview and seasonally slower first qu
Slide 3: One-stop-shop for Digital Workplaces
Cross-selling added services on digital infrastructure One-stop-shop for Digital Workplaces Internet Connections Communications Cyber Security Managed Services Cloud Solutions ▶ Business Fibre ▶ Mobile ▶ SD-WAN ▶ Managed Print ▶ Hybrid Cloud ▶ NBN Enterprise ▶ LivePBX ▶ Custom SD-WAN ▶ DR & BCP ▶ Pr
Slide 4: Contract Wins H1 FY22
Mid-Market & Corporate Contract Wins H1 FY22 Record sales in November (TCV: $12.2M) and December (TCV: $13.6M) will underpin revenue growth in 2H FY22 and beyond. Spirit’s push into mid-market and corporate continues to show large deal size wins (selection shown) Banking & Services Healthcare Mining
Slide 5: Accelerating demand. . . Fragmented solutions
Customer Focus Accelerating demand. . . Fragmented solutions The digital requirements of …but there is n easy-to- modern businesses have deploy end-to-end solution accelerated • Distributed workforce • Major telcos are not equipped to help S B’s orporates transition • High bandwidth/fast speed to th
Slide 6: Asset Strategy Update
Asset Strategy Update • Consumer business: divestment returned $5.1M in capital. • M&A: sector consolidation continuing at pace for assets with scale. • Return of capital: The sale of the fixed wireless network would return significant capital back for both organic and acquisition growth initiatives
Slide 7: Spirit 2.0
Spirit 2.0 Structural change in the workplace has accelerated. Spirit is currently undertaking a substantial internal transformation project, Spirit 2.0. Mission statement: 'To Be Australia’s leading provider of Modern and Secure Digital Workplaces’ 1. Spirit to align around three core business unit
Slide 8: Scale & Growth at record - Up 58% YoY
Scale & Growth at record Up 58% YoY Total e enue ther Income nderlying EBITDA Total revenue and other income for H1 FY22 of $69.6M, up 58% YoY, with sales revenue of $65.9M, up 54% YoY. Strong organic sales growth with Total Contract Value (TCV): November ($12.2M) and December ($13.6M). Underlying E
Slide 9: Revenue Up 54% YoY
Revenue Up 54% YoY H1 FY22 Recurring and S&P Revenue Growth to $66.2M • Revenue1 for the half at $66.2M, up 54% YoY and up 10% on H2 FY21. • Relative to H2 FY21: • Security services up 45% (all organic growth) • Voice services up 35% (acquisition contributions) • Internet & Data services up 21% (acq
Slide 10: Recurring Revenue Up 66% YoY
Recurring Revenue Up 66% YoY H1 FY22 Recurring Revenue Growth to $34.3M • Total recurring revenue for the half at $34.3M, up 66% YoY and 21% on H2 21. • Mix of acquisition and organic growth – Organic driven by Cyber Security multi year locked in purchase orders with key enterprise customers. 10 Do
Slide 11: Key Financial Summary
Key Financial Summary e urrin e enue Sales e enue ost of sales ( ) ( ) ( ) o ernment Infrastructure rants ross ro t e urrin e enue ross ro t ther income ta re enue ther in e ther income perating E penses ( ) ( ) ( ) EBITDA EBITDA n er yin EBITDA nderlying EBITDA Business ac uisition di estment costs
Slide 12: DISCLAIMER – IMPORTANT INFORMATION
DISCLAIMER – IMPORTANT INFORMATION ➢ The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination and consul
Slide 13: If you do business, do IT with Spirit
Spirit Technology Solutions Ltd (ASX:ST1) If you do business, do IT with Spirit 13 Do IT with Spirit spirit.com.au