24 Nov

Investor Presentation Trading Update

Investor presentation: Trading Update Etherstack plc (ASX:ESK) 24 November 2021 Authorised for release by David Deacon, CEO and David Carter, CFO 2 FY21 trading update and revised guidance 1. Assuming revenue is in the lower half of the expected range US$8.4m - US$8.6m US$2.5m EBITDA 1 Positive Operating cashflow Strengthened balance sheet Revenue guidance representing an increase of between 77% and 83% over FY20 full year revenue Increased profitability US$1.3m NPAT 1 Healthy pipeline + favourable tailwinds 3 $1.7m $2.4m $4.3m $3.1m $2.3m $4.1m - $4.3m $4.8m $4.7m 2019 2020 2021F 1H 2H Financial Highlights Etherstack Revenue • 2021 full year EBITDA US$2.5 million • 2021 f ull year profit after tax USD $ 1.3m • Operating cash positive for last 3 years Profitable and operating cash positive • 77% - 83% forecast revenue growth FY 2020 to FY 2021 • USD $8.4 - USD $8.6 million forecast revenue • Multiple growth drivers • First MCTPX contract with Samsung is producing revenue in H2 Revenue is growing $8.4m - $8.6m guidance 4 Leveraging innovative technology and IP that is adaptable across key platforms and customers Digital land mobile radio (LMR) networks 5G Cellular MCPTX • Initial carrier win is progressing well, and on schedule for delivery in FY22 • Expect to announce a second telco carrier win via Samsung in the first half of 2022 • Further carrier pursuits are underway between Samsung and Etherstack. • Long term profitability driven by recurring revenues continues to grow • US infrastructure spending at the state & local government level is expected to drive significant growth • E xpectation to secure a material new award within the 6 months in the North American market Defence & Tactical • The project with the Australian Defence Force is progressing well • Positioned for subsequent opportunities • Expect to announce further Australian projects within the next 6 months • Actively engaged on other projects with the UK Ministry of Defence • Received a new order from the Canadian government for tactical communications equipment Resources sector • Received a further follow - on order of A$280k with an Australian iron ore manufacturer brings the total revenue from this account to over A$1.1m • Other opportunities exist including a large project planned for H2 FY22. Questions Etherstack plc 93A Shepherd Street, Chippendale NSW 2008 Phone +61 2 8399 7500 David Deacon, CEO david.deacon@etherstack.com David Carter, CFO david.carter@etherstack.com Martin Duff , Corporate & Legal martin.duff@etherstack.com
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