Highcom Limited · ASX:HCL
Highcom — XTEK — H1 FY2023 Earnings Presentation
11 slides from Highcom's earnings presentation, Feb 27, 2023
Slide 1: XTEK Ltd H1 FY23 Results Investor Update
XTEK LTD H1 FY23 RESULTS INVESTOR UPDATE 27 FEBRUARY 2023 PRESENTED BY: SCOTT BASHAM GROUP CHIEF EXECUTIVE OFFICER
Slide 2: XTEK Group Overview
XTEK GROUP OVERVIEW XTEK GROUP IS AN ASX LISTED INTERNATIONAL DEFENCE INDUSTRY COMPANY. THE GROUP OPERATES AS TWO DISTINCT DIVISIONS – BALLISTICS & TECHNOLOGY. BALLISTICS DIVISION (HIGHCOM) TECHNOLOGY DIVISION Focused on designing, manufacturing, and supplying global Focused on manufacturing and sup
Slide 3: H1 FY23 Highlights
H1 FY23 HIGHLIGHTS • H1 FY23 saw the continuation of the Group’s sharp focus on its core capabilities, and the implementation of its strategic plan, to deliver a record half year $48.5m result. • Contracted orders in hand on 30 Dec 22 totaled $35.1m, a near record, including a $26.9m SUAS contract f
Slide 4: XTEK Limited Corporate Snapshot
XTEK LIMITED CORPORATE SNAPSHOT Capital Structure (24 Feb 22) 0.8 4.50 Shares Outstanding 101,761,703 Share Price A$0.745 4.00 0.7 Market Capitalisation A$75.8m A$0.165 – A$0.765 3.50 12 Month Share Price Range 0.6 Cash & Borrowings (30 Dec 22) Traded Volume (millions) 3.00 Cash Balance A$6.94m 0.5
Slide 5: H1 FY23 Results – Summary Income Statement
H1 FY23 RESULTS – SUMMARY INCOME STATEMENT Summary Income Statement Revenue (A$m) H1 FY22 H1 FY23 60.0 60% Revenue A$m 11.52 48.51 50.0 50% COGS A$m (8.4) (23.9) 48.5 46.7 Gross Profit A$m 3.12 24.58 40.0 40% Gross Margin % 27% 51% 30.0 30% Operating Costs A$m 10.12 14.68 Underlying EBITDA A$m (3.46
Slide 6: H1 FY23 Results – Operating Position Summary
H1 FY23 RESULTS – OPERATING POSITION SUMMARY Revenue (A$m) Underlying EBITDA (A$m) H1 FY23 48.5 H1 FY23 11.1 H1 FY22 11.5 H1 FY22 -3.5 • Record HY Revenue of $48.5m H1 FY21 12.4 H1 FY21 -2.9 • Strong Gross Margins holding over 50% H1 FY20 16.0 H1 FY20 -1.9 • Near record order backlog of $35.1m • Inv
Slide 7: Strategic Growth Strategy
XTEK STRATEGIC GROWTH SRATEGY THE GROUP CONTINUES TO HAVE A LASER SHARP FOCUS ON OUR CORE MARKETS AND CUSTOMERS, AND A CLEAR STRATEGY FOR CONTINUED GROWTH AND SUCCESS: REINFORCE SUCCESS SEEK ADJACENCIES CREATE OUR FUTURE Invest in the areas of our business Find new business opportunities that Invest
Slide 8: Global Macro Tailwinds Will Continue
GLOBAL MACRO TAILWINDS WILL CONTINUE The continued global tailwinds being generated by the ongoing uncertainly and instability occurring in Europe, in addition to the continued tensions in the South China Sea over China’s territorial claims on Taiwan, are driving heavy new investments by countries a
Slide 9: FY23 Outlook & Forecast
FY23 OUTLOOK & FORECAST Opportunity Pipeline At the end of Dec 22, the Group had an opportunity pipeline of leads at various stages of qualification worth more than $175m: • Technology Division is progressing multiple ANZ SUAS related acquisition and support contract opportunities valued in excess o
Slide 10: XTEK Ltd AGM Presentation 2022
XTEK LTD | AGM PRESENTATION 2022 10
Slide 11: Disclaimer
DISCLAIMER This presentation is given on behalf of XTEK Limited (XTEK) Information in this presentation is for general information purposes only, and is not an offer or invitation for subscriptions, purchase of recommendation of securities in XTEK. Certain statements in this document regarding the C