Aerometrex Ltd. · ASX:AMX
Aerometrex — H1 2023 Earnings Presentation
34 slides from Aerometrex's earnings presentation, Feb 28, 2023
Slide 1: Aerometrex Limited 1H23 Results
For personal use only AEROMETREX LIMITED (ASX: AMX) 1H23 RESULTS I 28 FEBRUARY 2023 SEE YOUR WORLD CLEARLY
Slide 2: Disclaimer
DISCLAIMER This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth). This presentation does not constitute an offer, invitation, For personal use only solicitation or recommendation with respect to the purchase, sal
Slide 3: Aerometrex is a trusted & leading aerial mapping company
For personal use only Aerometrex is a trusted & leading aerial mapping company We specialise in providing an aerial imagery subscription service (MetroMap), LiDAR & 3D visualisation that supports wide-ranging industries & customer requirements SEE YOUR WORLD CLEARLY
Slide 4: Key Achievements & Outcomes in 1H23
KEY ACHIEVEMENTS & OUTCOMES IN 1H23 Progress made in all key business initiatives, offset by the cessation of project photomapping revenue contribution For personal use only that impacted comparative 1H23 financial outcomes & some operational aviation related challenges Key Initiatives Highlights &
Slide 5: 1H23 Snapshot: Solid MetroMap Growth with Mixed Operational Impacts
1H23 SNAPSHOT I SOLID METROMAP GROWTH WITH MIXED OPERATIONAL IMPACTS For personal use only Operating EBITDA Cash Flow From Cash Revenue Operations Balance $10.0M $0.4M $2.7M $11.6M 12% 29% 147% (1H22: $11.3M) (1H22: $0.5M) (1H22: $1.1M) (June 2022: $14.1M) Underlying Operating MetroMap Annual Recurr
Slide 6: Operating Revenue & MetroMap Revenue
OPERATING REVENUE & METROMAP REVENUE For personal use only 1H23 revenue outcomes need to account for the cessation of project photomapping work 1H23 operating revenue is the first time there has been zero contribution from contract photomapping work, following the decision in June 2021 to cease th
Slide 7: Major Focus Areas & 1H23 Updates
MAJOR FOCUS AREAS & 1H23 UPDATES For personal use only Aerometrex 3D Model Madison Square Garden, New York
Slide 8: Developing 'Pathways to Profitability'
DEVELOPING ‘PATHWAYS TO PROFITABILITY’ For personal use only Global 3D Safely undertake Leverage Aerometrex's position our work Employee as the world leader in Invest clarity & wisely high-resolution 3D modelling alignment MetroMap BUILDING A PATHWAY TO PROFITABILITY Position MetroMap to redefine Be
Slide 9: MetroMap: Product Development Expanding Offering
METROMAP I PRODUCT DEVELOPMENT EXPANDING OFFERING For personal use only MetroMap Position MetroMap to redefine industry standards & generate profitable outcomes Grow Annual Recurring Revenue (ARR) Enhance customer platform & offerings Optimise cost structures & asset utilisation Optimise lon
Slide 10: MetroMap: Continued YoY ARR Growth of 22%
METROMAP I CONTINUED YoY ARR GROWTH OF 22% For personal use only 1H23: ARR Key Metrics 1H23: Operational Impacts YoY ARR growth of 22% & 7% since June 2022 Aviation related operational challenges impacted capture program Lower growth outcome primarily due to contract amendments with efficiency
Slide 11: 3D Modelling: Advancing High Resolution Visualisation
3D MODELLING I ADVANCING HIGH RESOUTION VISUALISATION For personal use only Global 3D Leverage Aerometrex's position as the world leader in high- resolution 3D modelling Rejuvenate North American business opportunity Concerted effort to sell existing ‘off-the-shelf’ datasets Grow new markets &
Slide 12: LiDAR: Strength in Underlying Business
LIDAR I STRENGTH IN UNDERLYING BUSINESS For personal use only LiDAR Build Australia’s leading LiDAR business Grow profit through commercial optimisation & asset utilisation Assess options to increase revenue via capital investment & new products Leverage BARS certification Enhance automation
Slide 13: Aviation & Sensor Strategies: Optimisation Activities Underway
AVIATION & SENSOR STRATEGIES I OPTIMISATION ACTIVITIES UNDERWAY For personal use only Aviation & Sensors Optimising aviation & sensor related activities are key elements to support the imagery & data capture process Aerometrex undertakes its aviation activities via a fleet of owned & chartered air
Slide 14: 1H23 Financial Results
1H23 FINANCIAL RESULTS For personal use only MetroMap Aerial Imagery Ephraim Island, Paradise Point
Slide 15: Financial Results Overview
FINANCIAL RESULTS OVERVIEW Underlying activities deliver revenue growth 1H23 1H22 Change Change $'000 $'000 v PCP v PCP For personal use only Total underlying revenue increased 10% from $9.1m to $10.0m after normalising for the cessation of $'000 % project photomapping which contributed $2.3m in 1
Slide 16: Segment Financial Results
SEGMENT FINANCIAL RESULTS AU Operations Year AUS USA Total AUS USA Total For personal use only HY 1H23 1H23 1H23 1H22 1H22 1H22 Transition from project photomapping work to subscription model Value $'000 $'000 $'000 $'000 $'000 $'000 Revenue and other income 9,216 793 10,009 10,719 620 11,339 (Daa
Slide 17: Balance Sheet
BALANCE SHEET Year Dec 2022 Jun 2022 For personal use only Strong balance sheet continues to supports growth Value $'000 $'000 Assets Available cash of $11.6m to support continued growth of the business with available Cash and cash equivalents 11,634 14,144 undrawn debt facilities Trade and other
Slide 18: Cash Flow
CASH FLOW For personal use only Year Dec 2022 Dec 2021 Strong cash position to support growth Value $'000 $'000 Positive cash flow from operations of $2.7m Receipts from customers 13,890 13,109 Payments to suppliers and employees (11,342) (11,936) Continued investment in scaling the business for
Slide 19: Strategic & Tactical Focus Areas: 2H23
STRATEGIC & TACTICAL FOCUS AREAS: 2H23 Developing ‘Pathways to Profitability’ …but… 2H23 operating environment challenges remain For personal use only Continued focus on our people & safety Overarching uncertain economic conditions require close Consolidation of new organisational restructure
Slide 20: Appendix: Financial Statements
For personal use only APPENDIX 1 FINANCIAL STATEMENTS LiDAR-based tree canopy map River Torrens, Adelaide
Slide 21: Profit or Loss Statement & EBITDA Reconciliation
PROFIT OR LOSS STATEMENT & EBITDA RECONCILIATION HY 1H23 1H22 Proforma EBITDA Calculation 1H23 1H22 For personal use only Value $'000 $'000 $'000 $'000 Revenue and other income 10,009 11,339 (Loss) before income tax (4,035) (3,630) Aircraft and project processing costs (2,624) (3,172) Add back finan
Slide 22: Segment Information
SEGMENT INFORMATION Year AUS USA Total AUS USA Total For personal use only HY 1H23 1H23 1H23 1H22 1H22 1H22 Value $'000 $'000 $'000 $'000 $'000 $'000 Revenue and other income 9,216 793 10,009 10,719 620 11,339 Aircraft and project processing costs (2,597) (27) (2,624) (3,074) (98) (3,172) Employee b
Slide 23: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Year Dec 2022 Jun 2022 Year Dec 2022 Jun 2022 Year Dec 2022 Jun 2022 For personal use only Value $'000 $'000 Value $'000 $'000 Value $'000 $'000 Assets Liabilities Equity Current Current Equity attributable to owners of the parent: Cash and cash equivalents 11,634 14,
Slide 24: Statement of Cash Flows
STATEMENT OF CASH FLOWS Hy 1H23 1H22 Year 1H23 1H22 For personal use only Value $'000 $'000 Year $'000 $'000 Operating activities Financing activities Receipts from customers 13,890 13,109 Repayment of other financial liabilities (74) (378) Payments to suppliers and employees (11,342) (11,936) Repay
Slide 25: Appendix: Company Overview
For personal use only APPENDIX 2 COMPANY OVERVIEW
Slide 26: Our Customer Value Proposition
OUR CUSTOMER VALUE PROPOSITION Plan & communicate with confidence For personal use only Our products meet high accuracy standards ensuring customers are confident in remote planning, quantitative assessment, AI application & decision making. Derive smarter insights Our range of imagery, LiDAR & 3D s
Slide 27: Board & Management Overview
BOARD & MANAGEMENT OVERVIEW BOARD For personal use only MEMBERS & MARK LINDH PETER FOSTER STEVE MASTERS COMPANY Independent Non- Independent Non- Managing Director & Executive Director, Chair Executive Director Chief Executive Officer SECRETARY MATTHEW WHITE DONALD MCGURK KAITLIN SMITH Non-Executive
Slide 28: MetroMap
METROMAP MetroMap is Aerometrex’s product offering that supplies Data as a Service (DaaS) – both via For personal use only subscription (aerial imagery), as well as off-the-shelf datasets (3D & LiDAR). MetroMap is the future of accurate geospatial data, accessible by everyone from large corporates &
Slide 29: MetroMap: Delivering More Than Just Maps
METROMAP I DELIVERING MORE THAN JUST MAPS MetroMap offers accurate insights to a range of users, both in 2D as well as 3D. With measurement For personal use only tools at their fingertips & the ability to showcase areas of interest in high resolution, remote working has become more powerful. The add
Slide 30: 3D Modelling
3D MODELLING Our world-leading 3D solution offers digital replicas of real-world settings. Generated from aerial & For personal use only ground imagery, these models offer extremely high accuracy & resolution making them great for both planning & visualisation. Data is available off-the-shelf (Metro
Slide 31: 3D: The Key to Future Planning & Visualisation
3D I THE KEY TO FUTURE PLANNING & VISUALISATION Aerometrex is recognised within the industry as leading suppliers for large-scale, high-resolution 3D For personal use only data. We are constantly innovating to deliver the best 3D solutions for existing users & developing usable assets for new applic
Slide 32: LiDAR
LIDAR LiDAR (Light Detection & Ranging) technology & the information derived from it has become a For personal use only critical asset for numerous planning & monitoring purposes, even more so when combined with imagery. Remote sensors acquire details of both the terrain & any above-ground features
Slide 33: LiDAR: Single Capture – Multiple Uses
LIDAR I SINGLE CAPTURE – MULTIPLE USES For personal use only LiDAR offers businesses high-value return due to the number of derived spatial outputs that can be generated from a single survey. Our data is consistent & accurate making it comparable across a wide range of uses. Tailored captures for sp
Slide 34: Contact Information
For personal use only CONTACT INFORMATION Steve Masters Chris Mahar Chief Executive Officer Chief Financial Officer Aerometrex Ltd 51-53 Glynburn Road Glynde SA 5070 [email protected] +61 8 8362 9911 aerometrex.com.au metromap.com.au This presentation has been approved by the Board