Mach7 Technologies Ltd. · ASX:M7T
Mach7 Technologies — Shareholder Meeting (November 2024)
37 slides from Mach7 Technologies's shareholder meeting presentation, Nov 28, 2024
Slide 1: 2024 Annual General Meeting Chair's & CEO's Addresses and Presentation
ASX Announcement 28 November 2024 2024 Annual General Meeting Chair’s & CEO’s Addresses and Presentation Mach7 Technologies Limited (“M7T” or “the Company”) (ASX:M7T), a company specialising in innovative imaging software solutions provides, in accordance with ASX Listing Rule 3.13.3, the attached d
Slide 2: Forward-looking statements
ASX Announcement Forward-looking statements This announcement may contain forward-looking statements regarding the Company’s financial position, business strategy and objectives (rather than being based on historical or current facts). Any forward-looking statements are based on the current beliefs
Slide 3: Chair's Address
Mach7 Technologies Ltd Annual General Meeting 28 November 2024 Chair’s Address Before moving to the formal part of the meeting, I would like to provide an overview of the 2024 financial year. I will then hand over to our CEO and Managing Director Mike Lampron. Mach7 develops innovative management an
Slide 4: Chair's Address (continued)
Adjusted EBITDA, which excludes unrealised net foreign exchange movements and non-cash share-based payments expense, was -A$2.0M compared to A$2.5M in FY23. This mainly reflected the short-term decline in revenue associated with the subscription transition. We maintained a disciplined approach to co
Slide 5: CEO and Managing Director's Address
CEO and Managing Director’s Address Good morning, everyone and I would like to add my welcome to today’s AGM. As Rob has illustrated, FY24 was an important year for Mach7. The metrics on Slide 8 demonstrate the breadth and depth of our business. In FY24, we had 80 contract wins for different compone
Slide 6: CEO's Address (continued)
All of this is mandating investment in technology and a growing opportunity to capitalise on replacement cycles. What differentiates Mach7 from others in the industry is that we consider ourselves to be a platform, and our purpose is to make sure that not only our software, but the software of other
Slide 7: CEO's Address (continued)
Our focus for FY25 is on bringing in net new logos and that is reflected in our pipeline. We will also continue to grow through expansions, add-ons and renewals from our existing install base which highlights the ongoing success of our ‘land and expand’ strategy. You will have seen that we signed so
Slide 8: CEO's Address (continued)
ultimately lead to better margins in the medium to long term. Integration & Interoperability are arguably the most important of the pillars. One of the things that separates an enterprise solution from a departmental solution is the ability to allow for integrations across many third party solutions
Slide 9: CEO's Address (conclusion)
We will continue to undertake targeted and disciplined investment in our people, processes and tools. Before handing back to the Chair, I would like to thank the Board for their guidance over the past year. I would also like to acknowledge and thank our team across the globe for their hard work and
Slide 10: Mach7 Technologies Limited Annual General Meeting November 2024
For personal use only Mach7 Technologies Limited Annual General Meeting 28 November 2024 Mach7 Technologies | ASX: M7T
Slide 11: Chair's Address
For personal use only Chair’s Address Rob Bazzani
Slide 12: For personal use only
For personal use only Mach7 Technologies develops innovative image management and viewing solutions that form the core of an integrated enterprise imaging ecosystem.
Slide 13: Key Updates and Achievements
Key Updates and Achievements Strong business and competitive positioning For personal use only Strategy Customers Product Team Successful navigation of Large renewal program built Investments in product Consolidation of Viewer and subscription transition with foundational book of innovation reflects
Slide 14: FY24 in Review
FY24 in Review Positioning Mach7 for long-term growth For personal use only 1 Successfully navigated subscription transition with strong growth in high quality recurring revenue while delivering positive operating cashflow 2 Record sales orders of A$61.3M and successful completion of large renewal p
Slide 15: FY24 Financial Highlights
FY24 Financial Highlights For personal use only A$29.1M A$21.1M A$27.9M A$22.0M Revenue Recurring Revenue3 CARR4 ARR5 Run Rate -A$0.9M or -3% on PCP1 +A$4.7M or +29% on PCP +A$7.3M or 35% on PCP +A$5.0M or 29% on PCP In line with revised 72% of total revenue FY24 Guidance2 (FY23: 54%) 72% of opex (F
Slide 16: CEO and Managing Director's Address
For personal use only CEO and Managing Director’s Address Mike Lampron
Slide 17: A Transformational Year
A Transformational Year Building a foundational book of business For personal use only 80 19 Number of Number of contract wins renewals 32 A$50.9M Number of Forward revenue implementations FY24 secured book of business completed over 5 years 8
Slide 18: Step change achieved in the business
Step change achieved in the business Post Client Outlook acquisition, significant growth delivered across key metrics FY22 FY24 Change Commentary For personal use only ✓ Step-change reflects impact of contract wins and transition CARR 17.3 27.9 +61% towards higher subscription revenue ✓ Achieving fi
Slide 19: Market to see long-term growth
Market to see long-term growth Changing medical imaging landscape plays to our strengths Market Drivers For personal use only North America Radiology IT Market (Enterprise Only)1 US$m Continuing shift towards ambulatory from acute 947 887 care settings 830 777 727 681 Increasing emphasis on enterpri
Slide 20: Highly differentiated in competitive landscape
Highly differentiated in competitive landscape Unique value proposition and platform for partnerships For personal use only Future-proof Unique Personalised solution built on Value customer service modern tech and support Proposition stack Cloud, Unique Vendor neutral on-premise Leverage solutions a
Slide 21: Large and growing pipeline in FY25
Large and growing pipeline in FY25 Focus on net new logos and pipeline conversion Record Sales Orders (TCV) For personal use only • Record sales orders delivered CAGR of 28% over the past 40 four years in USD 35 • Global funnel contains broad range of opportunities 30 • FY25 qualified pipeline up 6%
Slide 22: Our Product Rankings
Our Product Rankings Universal Viewer Vendor Neutral Director, on relationship: Segment Archive Segment For personal use only “We are continuing to grow and expand our strategy, and the (Mach7 eUnity Viewer) (Mach7 VNA) Mach7 Technologies team has been helpful. We have a strong account manager and a
Slide 23: Our Strategic priorities
For personal use only Our Strategic priorities
Slide 24: Our Business Objectives
Our Business Objectives For personal use only Invest in our Provide Grow recurring people, solutions that Leverage our revenue and Drive financial processes and compete at the capability to expand into new KPIs with products to enterprise level innovate and revenue streams an eye on further in selec
Slide 25: Developing our product roadmap
Developing our product roadmap For personal use only Commitment to continuous Focus on the “Voice of the Customer” product improvements and innovation ▪ Our Product Roadmap is driven by “voice of the customer” enhancements and healthcare ▪ Mach7 takes a holistic approach to industry feedback with an
Slide 26: Leverage strategic pillars to drive next phase of growth
Leverage strategic pillars to drive next phase of growth For personal use only Product innovation Customer Intimacy Cloud Customer-centric Enablement focus Service and Service and Amazing customer Supportability Supportability support system Add value by Integration and Integration and addressing In
Slide 27: Our roadmap and initiatives
Our roadmap and initiatives Mach7’s product roadmap is focused on success in three key strategic areas For personal use only Cloud Service and Integration and Enablement Supportability Interoperability Leverage cloud-based APIs and Utilise proven, industry-standard Continue expanding our independent
Slide 28: Pillar #1 – Cloud Enablement
Pillar #1 – Cloud Enablement For personal use only Provide a flexible strategy that accounts for Develop new models for data orchestration in storage speed and geographic location cloud healthcare services • Improved the Mach7 archive segment access policies • Independent services for local data orc
Slide 29: Pillar #2 – Service and Supportability
Pillar #2 – Service and Supportability For personal use only Provide real-time access to implementation Reduce implementation time frames activities and project status • Increase automation of deployment scripts • Deployed Rocketlane project management • Deploy vendor-reference libraries application
Slide 30: Pillar #3 – Integration and Interoperability
Pillar #3 – Integration and Interoperability For personal use only Enhanced the User experience with external Utilise FHIRcast as the preferred client applications integration methodology • Chromium extension to remember window • Migrate to FHIRcast as the JavaScript API size and placement alternati
Slide 31: UnityVue: A next-generation radiology reading solution
UnityVue A next-generation radiology reading solution For personal use only UnityVue is a transformative overlay or alternative to legacy PACS systems. Its unified worklist and viewer deliver essential tools and information, enhancing radiologists’ efficiency and well-being, through its intuitive, s
Slide 32: UnityVue: A next-generation radiology reading solution
UnityVue A next-generation radiology reading solution For personal use only Intelligent Worklist Radiologist Cockpit Diagnostic Viewer ✓ AI-Prioritization: Automatically prioritises urgent and relevant cases ✓ Clinical History Access: Direct access to ✓ Zero Footprint HTML-5 viewer: 100% fidelity co
Slide 33: Outlook
For personal use only Outlook
Slide 34: Long-term growth drivers align with business objectives
Long-term growth drivers align with business objectives For personal use only Market New logos Product AI innovation and customer focus Strong long-term Grow recurring • Integration and Significant demand for revenue and expand interoperability to opportunity for enterprise imaging into new revenue
Slide 35: Outlook
Outlook • Focus in FY25 will be on net new logos and conversion of For personal use only a large and diverse pipeline of opportunities • Invest in product innovation to reflect a customer-centric mindset and increase the scalability of the business • Investment in people, process and tools in FY25 F
Slide 36: RSNA – Dec 2024
For personal use only RSNA – Dec 2024
Slide 37: Disclaimer 'Forward looking' statements
Disclaimer “Forward looking” statements Summary of information: This presentation contains general and background information about Mach7 Risks: An investment in M7T securities is subject to investment and other known and unknown risks, Technologies Limited (“M7T”) activities current as at the date
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