AMBERTECH LIMITED — AGM Information 2015

Nov 26, 2015

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Ambertech Limited

CHAIRMAN’S AND MANAGING DIRECTOR’S UPDATE 2015 AGM

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Order of Proceedings

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Chairman’s Address

Managing Director’s Update

Questions

Formal Business

Closure

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Chairman’s Address

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Board Members

Peter Wallace (Chairman), Peter Amos (Managing Director), Tom Amos, Ed Goodwin & David Swift (Non‐Executive Directors)

Robert Glasson (Chief Operating Officer & Company Secretary)

Auditor

Tim Sydenham & Charlotte Bunker (BDO East Coast Practice)

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Mana in Director’s U date g g p

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2015 Financial Results Total Revenue up 3.9% to $50.2M EBIT $388K (2014: ‐$566k) Operating Cash Flow $367k (2014: ‐$2.4M)

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Normalised Result Pre Tax

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4,737
3,362
2,548
2,283
2,155
158
FY'06 FY'07 FY'08 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15
(419)
(1,000)
(1,205)
(2,277)
Financial Year
Normalised Result Pre Tax
$'000
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Adjusted for write downs and tax asset adjustments to show trend of underlying business results.

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Ongoing Cost Management

	FY2012	FY2013	**FY2014 **	FY2015
Expense Category	$	$	$	$
Employment costs	9,363	9,060	8,512	8,500
Premises costs	1,954	1,926	1,895	1,901
Marketingexpenses	1,704	1,348	1,195	1,053
Travel expenses	552	555	576	483
Other	1,108	849	861	961
Total	14,681	13,738	13,039	12,898
Depreciation	245	350	285	279
Finance costs	438	424	459	829

• Most major costs categories at lowest levels.

• Premises costs fixed (7 years remaining on lease).

• Increase in finance costs due to invoice discounting facility.

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Funding Update

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5,500,000
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
Net Debt CBA Facility Limit (Old Facility)
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• Bibby facility has provided necessary flexibility during period under review, albeit that it is more expensive.

• Traditional funding difficult at this stage

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Focus On Working Capital Improvement

Adjusted Working Capital Ratio

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31.0%
29.4% 28.5%
29.0%
27.0%
25.8% 26.2%
25.0%
23.0%
21.8%
21.0%
19.0%
17.0%
15.0%
2011 2012 2013 2014 2015
Ratio
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• Recognition of inconsistent results – need to further reduce this ratio

• Introduction of new internal reporting at all levels of inventory management.

• Goals underpinned by new cascading KPI structure.

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Mana in Director’s U date g g p

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Business Status Update

• Continued assessment and rotation of brand portfolio based on key metrics.

◦ Key brand addition this year of Bosch (Electrovoice/Dynacord) for installation market.

‐ Monthly risk assessment of key business risks, including major brands.

‐ New internal business structure to drive further efficiencies and drive growth.

‐ Appointment of new General Manager, Mr Richard Neale.

• YTD profitable despite drop in project work.

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Questions

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Any Questions?

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Formal Business

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Resolutions

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Closure

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Thank you for your attendance.

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