1HFY17 Financial Results - FFT · This presentation is given on behalf of Future Fibre Technologies...

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© Future Fibre Technologies Limited 1HFY17 Financial Results Half year ended 31 December 2016 Hs

Transcript of 1HFY17 Financial Results - FFT · This presentation is given on behalf of Future Fibre Technologies...

Page 1: 1HFY17 Financial Results - FFT · This presentation is given on behalf of Future Fibre Technologies Limited (FFT). Information in this presentation is for general information purposes

© Future Fibre Technologies Limited

1HFY17FinancialResultsHalfyearended31December2016

Hs

Page 2: 1HFY17 Financial Results - FFT · This presentation is given on behalf of Future Fibre Technologies Limited (FFT). Information in this presentation is for general information purposes

© Future Fibre Technologies Limited 2

ForwardLookingStatements

ThispresentationisgivenonbehalfofFutureFibreTechnologiesLimited(FFT).

Informationinthispresentationisforgeneralinformationpurposesonly,andisnotanofferorinvitationforsubscription,purchase,orrecommendationofsecuritiesinFFT.CertainstatementsinthisdocumentregardingtheCompany’sfinancialposition,businessstrategyandobjectivesmaycontainforward-lookingstatements(ratherthanbeingbasedonhistoricalofcurrentfacts).

Any forward-lookingstatementsarebasedonthecurrentbeliefsoftheCompany’smanagementaswellasassumptionsmadeby,andinformationcurrentlyavailableto,theCompany’smanagement.Forward-lookingstatementsareinherentlyuncertainandmustbereadaccordingly.Therecanbenoassurancethattheunderlyingassumptionswillprovetobevalid.

AlldatapresentedinthisdocumentreflectsthecurrentviewsoftheCompanywithrespecttofutureevents.Forward-lookingstatementsaresubjecttorisks,uncertaintiesandassumptionsrelatingtotheoperations,resultsofoperations,growthstrategyandliquidityoftheCompany.Tothemaximumextentpermittedbylaw,theCompany,itsofficers,employeesandagentsdonotassumeanyobligationtoreleaseanyupdatesorrevisionstotheinformation(includinganyforwardlookingstatements)inthispresentationtoreflectanychangetoexpectationsorassumptions,anddisclaimallresponsibilityandliabilityforanylossarisingfromrelianceonthispresentationoritscontent.

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HighlightsReleaseofnextgenerationtechnology

• FFTannouncedthecommercialreleaseofAuraAi-2– anewproductplatformfeaturingextendeddetectionrange,enhancedintrusionlocationaccuracy,andcutresilientcapabilities.

NewdistributionagreementforSecurePointPlatform

• FFTsignedanagreementwithleadingSouthAmericanbaseddistributorMinipa- deliveringimmediateaccesstoanextensivedistributionnetworkandsectorsincludingUtilities,TransportandOil&Gas.

ContinueddemandforFFTintrusiondetectionsolutions

• Oil&GasperimetersecuritycontractinEasternEuropevaluedatA$560K.

• MilliondollarperimetersecuritycontractforMiddleEastAirport.

• SecureFenceordervaluedatapproximatelyA$460KtoprotectgovernmentfacilityinEurope.

• A$1.4MorderforFFTAuratoprotectMiddleEastPowerPlantperimeteranddatanetwork.

• PerimetersecuritycontractsacrosstheMiddleEastwithatotalvalueofA$962K.

• PerimetersecuritycontractforrailextensionprojectSEAsiaandordersforSecurePointcontrollerstoprotect16USsolarplants.TotalvalueofapproximatelyA$900K.

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StrategyandGrowth

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FFTStrategy|GrowthHorizons

TIME

ESTABLISH(FY17)

Strengthenandenternewregions(Growsales&supportinSEA,Turkey,Brazil/LA,EasternEuropeandAfrica)

InvestinDistributionandNetworkSecuritymarkets

(Adddistributionpartnerships,growsalesandsupportteams)

ConsolidatePerimetermarketcompetitiveadvantage

(Introduceartificialintelligenceandnextgenerationplatforms)

GROW(FY18)

Growrecurring%oftotalrevenues(Applicationandsoftwarelicensing)

Expandsalesfromnewapplications(Monitoringandincidentdetection)

IncreasecompetitiveadvantageinDistribution,NetworkSecurity

andPipelinemarkets(Extendtechnologycapabilitiesand

useofartificialintelligence)

LEAD(FY19+)

LeadinPerimeter,PipelineandNetwork(Leadacrossverticalsandgeographies

withnextgenerationproductrangeandcapabilities)

Increasesalesfocusonnewapplications(Addsalescapacityandreach- directandviapartnerships)

Broadenrangeofsolutions(Addandintegratecomplementary

technologiesandservices)

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GrowthHorizonsScorecard

FY17Goals Progress

Strengthen andenternewregions

(Growsales& supportinSEA,Turkey,Brazil/LA,EasternEuropeandAfrica)

✔

• NewGlobalSaleDirectorhasaddedsalesappointmentsinMiddleEast,EasternEurope,andtheAmerica’s.

• Continuetoinvestinglobalsalesandsupportcapabilityandcapacityin2HFY17.

Invest inDistributionandNetworkSecuritymarkets

(Adddistributionpartnerships,growsalesandsupportteams)

✔

• AgreementsignedwithleadingSouthAmericanbaseddistributorMinipa.

• ContinuetopursueagreementswithdistributionpartnersintheUSandotherkeyterritories.

• Addedasenior(MilitaryandCommercial)industryITspecialisttotheNetworkSecurityprogram

Consolidate Perimetermarketcompetitiveadvantage

(Introduceartificialintelligenceandnextgenerationplatforms)

✔

• OngoinginvestmentindevelopmentofinnovativeIP(Fence andBuried).

• NextgenerationproductplatformAuraAi-2released.

• Advancedburiedsolutionforborderandadjacentapplicationsoutperformingcompetitorsinrecentoverseastrials.

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FFT’sinvestmentinR&DyieldsnewAuraAiplatform

InJanuary2017,FFTannouncedthecommercialreleaseofAuraAi-2– anew2channelproductplatformfeaturingextendeddetectionrange,enhancedintrusionlocationaccuracy,andcutresilientcapabilities.AuraAi-2:

• Positionsthe companytodriverevenuegrowth

• SupportsFFT’sexpansionintonewmarkets

• Deliversimprovedproductmarginsandprovidesmanufacturingscalebenefits

• Employsdatadrivenartificialintelligencetoenhanceintrusiondetectioncapabilities

• Deliversstrongcompetitiveadvantageswithunrivalledhigh-sensitivitydetectionandanincreasedrangeofupto60kmpercontrollerforfenceapplications,andfurtherforburiedapplications

• Successfultrialscompletedatanumberofoverseasfacilities- resultinginfirstorders

• AuraAi-2willbeshowcasedatISCWestinLasVegasinApril2017.

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ContinuedR&DInvestment

• Circa$2.3MinvestmenttoenhanceFFTsolutionstogrowmarketposition.

• FocusonthedevelopmentofinnovativeintellectualpropertytofurtherstrengthensolutioncapabilitiesinbothPerimeterandBuriedapplications.

• Patentpendingforcovertburiedcablesolutionforheighteneddetectionofpedestrians/walkingintrudersinawiderangeofsoiltypes.

• CompetitivetestingofFFT’sadvancedburiedsolutionforborderapplicationshasresultedinFFTconsistentlyoutperformingcompetitors.

• ProgressingthecontinuedinterestinFFTsolutionsforadjacentmarketapplications–mining/traffic.

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FinancialPerformance

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FY16 Challenges

• Oil price

• Major project delays

• Behind on recruitment.

• Investment in products to remain competitive

Overview

• Revenue$6.4M.

• EBITDAloss$3.0M.

• Netlossaftertaxof$3.0M.

• 124.0Msharesonissue.

• Netassetsof$21.1M.

• Netcashpositionof$9.8Mat31December2016,withnoexternaldebtorborrowings.

• Strongsalesfunnelofopportunities.

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FinancialPerformance

AUD$M 1HFY16 2HFY16 1HFY172HFY17Forecast

TotalRevenue 9.1 6.4 6.4 11.8- 16.8

Gross Margin(%ofSalesRevenue) 56% 69% 58% 53%- 62%

OperatingExpenses 5.6 9.1 6.6 6.6– 8.0

EBITDA (0.7) (4.8) (3.0) 0.1– 0.3

EBIT (1.0) (5.2) (3.3) (0.6)– (0.4)

Profit/(loss)after tax (0.8) (5.0) (3.0) 0.0– 0.2

Cashreceipts fromcustomers 6.3 5.8 7.1 8.0– 12.0

GrossProfit 4.8 4.2 3.5 7.3– 8.9

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BalanceSheet

AUD$M 31Dec 2016 30Jun2016

Cashandcashequivalents 9.8 12.1

Otherassets 15.1 16.0

Totalassets 24.9 28.1

Borrowings - -

Otherliabilities 3.7 3.9

Totalliabilities 3.7 3.9

Total equity 20.1 24.2

• Noexternaldebtorborrowings.

• Cashbalanceof$9.8Mat31Dec2016($12.2Mat30June2015).

• Fullyfundedgrowthstrategyforfutureperiods.

• $3.3Mofinventorytomeetcurrentandfutureorders.

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GuidanceandOutlook• Forecastingrevenuesofbetween

$18Mto$23MforFY17.• IncreaseoverFY16fullyearrevenues

of$15.5M.• $3Mofforecastrevenuesrecently

receivedandwillbebookedonshipment.

• FurtherFY17reveneuesofapprox$11Mexpectedtobegeneratedfromcustomersinadvancedstagesofbusinessdevelopment/procurementcycle.

• Totalexpenses(incl.COGS)forFY17expectedtorangefrom$24Mto$26M.

• FFTexpectssmallimprovementinnetincomeforFY17comparedwithFY16.

• Asat31December2016,FFThad$9.8Mcashatbank,nodebt.

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