Aerometrex Ltd. · ASX:AMX
Aerometrex — H1 2021 Earnings Presentation
27 slides from Aerometrex's earnings presentation, Feb 25, 2021
Slide 1: AEROMETREX LIMITED 1H21 Results
For personal use only AEROMETREX LIMITED (ASX: AMX) 1H21 Results 25 February 2021 Mark Deuter, Managing Director Chris Mahar, Chief Financial Officer SEE YOUR WORLD CLEARLY Aerometrex Limited - Half year results to 31 December 2020 1
Slide 2: Company Overview
Company Overview For personal use only Revenue is generated from Projects and Subscription Services (DaaS) across Aerial Photography MetroMap 3D Modelling LiDAR and Mapping STRATEGY STRENGTHS CORE FUNDAMENTALS Growing subscription- Imagery and LiDAR data Great data based revenue quality Accuracy Gre
Slide 3: Industries serviced & major use cases
Industries serviced & major use cases For personal use only • Architecture, Engineering & Construction • Forestry & Agriculture • Property & Real Estate Industries serviced (including but not limited to): • Energy & Utilities • Government • Telecommunications • Environment & Disaster Management • In
Slide 4: 1H21 focus on continued growth investment
For personal use only 1H21 focus on continued growth investment Automatic LiDAR derived building footprints Canberra, ACT Australia Aerometrex Limited - Half year results to 31 December 2020 4
Slide 5: 1H21 Highlights
1H21 Highlights For personal use only Research & MetroMap 3D Financial Position Development • Subscription platform • World leading 2cm+ high • Research & development • $16.3m in available cash resolution 3D capabilities initiatives contributing to • 727% growth in subscription product development i
Slide 6: Strong growth in ARR, up 99% on June 2020
Strong growth in ARR, up 99% on June 2020 For personal use only Annual Recurring Revenue (ARR) HY 1H21 1H20 Change Change Calculation: Monthly Revenue x12 Value $’000 $’000 $’000 % 3,500 MetroMap - Subscription 1,506 182 1,324 727.5% 3,000 3,314 2,770 3D 711 1,695 (984) -58.1% 2,500 LiDAR 3,645 4,22
Slide 7: Investing for growth
Investing for growth For personal use only Research & Development Staff Numbers CAPEX • Development of new technology able to determine in three dimensions, the exact fuel load densities in any bushfire Dec 20 Dec 19 1H21 1H20 prone area based on the company’s LiDAR mapping # # $'000 $'000 capabilit
Slide 8: Increase in 1H21 operating cash flows supporting growth investment
Increase in 1H21 For personal use only operating cash flows supporting growth investment 3D Model Adelaide, SA Australia Aerometrex Limited - Half year results to 31 December 2020 8
Slide 9: Exceptional growth in recurring revenue from MetroMap subscriptions
Exceptional growth in recurring revenue from MetroMap subscriptions For personal use only 120.0% Revenue Mix 120.0% 1.8% 100.0% 1.8% 100.0% 5.7% 17.6% Revenue 1H21 1H20 Change Change 17.6% 80.0% 80.0% 3.7% Value MetroMap - Subscription $’000 $’000 $’000 % MetroMap - MetroMap MetroMap- -Subscription
Slide 10: 1H EBITDA reflects growth investments
1H EBITDA reflects growth investments For personal use only • Decline in EBITDA driven by investment into the business ahead of the revenue curve. EBITDA (normalised) • Investment made in the recruitment of staff predominantly in revenue FY 1H 2H contributing positions across Sales & Marketing, cust
Slide 11: Strong growth in MetroMap Subscriptions
Strong growth in MetroMap Subscriptions For personal use only Key Products: 2D aerial imagery subscription plans, 3D off-the-shelf city models and subscriptions, H1 Highlights Near-infrared imagery (NiR), Classified LiDAR point cloud datasets, AI-derived value-added datasets FY21+ Priorities MetroMa
Slide 12: 3D
3D For personal use only Key Products: 3D Mesh Models of built up and natural environment, 3D Semantic Level of Detail (LOD) Models, H1 Highlights Artificial intelligence and machine learning enabled value-added products such as Classified 3D mesh FY21+ Priorities and feature capture, 3D visualisati
Slide 13: Aerial Photography & Mapping
Aerial Photography & Mapping For personal use only Key Products: 2D ortho-imagery with the ability to customize resolution and accuracy, Digital elevation data such as H1 Highlights digital terrain models (DTM) and digital surface models (DSM), Stereo-derived datasets FY21+ Priorities Completion of
Slide 14: LiDAR
LiDAR For personal use only Key Products: LiDAR 3D Point Clouds, Ground Surface Products, Vegetation Surface Products, Vector Line Products, H1 Highlights LiDAR-derived 2D datasets FY21+ Priorities Potential opportunity to Major upgrades to all 4 new Addressable Market Size convert to subscription m
Slide 15: Growth foundations in place
For personal use only Growth foundations in place National Arboretum Canberra, ACT Australia Aerometrex Limited - Half year results to 31 December 2020 15
Slide 16: Growth initiatives
Growth initiatives For personal use only Research & MetroMap 3D Development • Continuing to build • Continue discussions • Leverage opportunities in AI momentum in subscription with number of large and machine learning revenue global companies in the US in respect of their 3D • Creation of 3D store
Slide 17: Priorities to drive growth in FY21
Priorities to drive growth in FY21 For personal use only Navigating Development Ongoing current & social analysis of M&A Consolidation of overseas environment of opportunities of Spookfish revenue streams COVID-19 acquisition into in 3D - US and MetroMap Europe Continued GROWTH development Investmen
Slide 18: Investment highlights
Investment highlights For personal use only Underlying cash Market DaaS subscription engine opportunities model from aerial imagery and Total Addressable Focus on development LiDAR project work Market (TAM) and growth of MetroMap World leaders in Progressive, Gilt-edged 3D modelling innovative, repu
Slide 19: Appendix Financial Information
For personal use only Appendix 1 Financial Information Poitrel Mine Site Coppabella, QLD Australia Aerometrex Limited - Half year results to 31 December 2020 19
Slide 20: Income Statement
Income Statement For personal use only Year Dec 2020 Dec 2019 Change Change Year Dec 2020 Dec 2019 Change Change Value Notes $’000 $’000 $’000 % Value Notes $’000 $’000 $’000 % Revenue from ordinary activities 8,574 10,097 (1,523) -15.1% EBITDA (142) 1,481 (1,623) -109.6% Other income 179 108 71 65.
Slide 21: Balance Sheet
Balance Sheet For personal use only Year Dec 2020 Jun 2020 Year Dec 2020 Jun 2020 Value Notes $’000 $’000 Value Notes $’000 $’000 Assets Non-current Current Other Financial liabilities 2,547 2,731 Cash and cash equivalents 7 16,280 22,239 Employee benefits 204 157 Trade and other receivables 2,738 2
Slide 22: Cash Flows
Cash Flows For personal use only Year Dec 2020 Dec 2019 Value Notes $’000 $’000 Operating activities Receipts from customers 10,012 9,924 Payments to suppliers and employees (7,566) (8,044) Income taxes paid (121) (136) Interest received 56 47 Interest paid (43) (137) Net cash generated from operati
Slide 23: Segment Information
Segment Information For personal use only Region Australia US Total Australia US Total Geographical Segments: Year Dec 2020 Dec 2020 Dec 2020 Dec 2019 Dec 2019 Dec 2019 • Australian operations contributed an EBITDA profit of $439k in Value Notes $’000 $’000 $’000 $’000 $’000 $’000 December 2020 comp
Slide 24: Appendix Addressable Market
For personal use only Appendix 2 Addressable Market Near-infra-red image Canberra, ACT Australia Aerometrex Limited - Half year results to 31 December 2020 24
Slide 25: Total Addressable Market
Total Addressable Market For personal use only Total Addressable Market in Australia is estimated at ~$150m 3D Global application with unlimited potential with market in its infancy Open-ended, international scope Aerometrex Growing awareness of value $17.8m 18% Target 50% ($70-75m) Our current shar
Slide 26: Disclaimer
Disclaimer For personal use only 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, solicitation or recommendation with respect to the purchase, sale
Slide 27: Contact Information
CONTACT INFORMATION For personal use only Aerometrex Ltd 51-53 Glynburn Road Glynde SA 5070 Mark Deuter Justin Foord Managing Director Investor Relations, Market Eye +61 8 8362 9911 +61 402 600 691 [email protected] [email protected] www.aerometrex.com.au www.metromap.c