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HARVEST TECHNOLOGY GROUP LTD — AGM Information 2024
Nov 18, 2024
65075_rns_2024-11-18_7c4c504f-fdde-4e4f-ae53-70a42985a646.pdf
AGM Information
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CEO AGM Presentation I ASX:HTG 19 November 2024
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Harvest Technology Group AGM FY24
Key Highlights:
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We are now a sales driven organisation focused on the marketing of incredible technology and support services
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We have secured new investors with a major investor having invested $2.2M over the past months with an additional $1M committed for December
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We have finished our restructure and now have an efficient cost base
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Resulting in a much lower breakeven point reduced by $7.5M from $14M to
- $6.5M
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Launched our Professional Services offering
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Strong new partnerships signed with more being negotiated
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Major contracts under final negotiation
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We are on confidently on track to execute our 3 year pathway to profit plan
Harvest Technology Group Limited
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Finalisation of Restructure
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➢ Reducing our operating cash burn is a key plank of our pathway to profit
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➢ With projected cash burn of $225K a month from January, the company is well placed to achieve profitability
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➢ January 2024 our breakeven point was $14M
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➢ Stage 1 restructure reduced that to $10M
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➢ Finalisation of the restructure = $6.5M revenue breakeven point without impacting our sales & marketing drive
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➢ = Profitability is more achievable and potentially on an accelerated timeline
Harvest Technology Group Limited
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Harvest Professional Services
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➢ Leveraging our expert team to provide professional services to Nodestream customers
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➢ Previously these services were provided on an adhoc basis, now commercialised as a professional services offering based on customer feedback
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➢ Commenced 1[st] November
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➢ Secured our first customer
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➢ We expect to sign additional engagements and move to monthly retainers on long term contracts
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➢ = New profitable revenue stream and deeper customer engagement
Harvest Technology Group Limited
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Strong Sales Partnerships to Drive Growth
Sales Agent: Three Pro Consultants Ltd
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Ireland based specialists in growing SAAS businesses
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Have worked with Harvest for the past year
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Act as a Sales Agent for Harvest Technology Europe (HTE) our new European entity
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Strong qualified pipeline
Harvest Technology Group Limited
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Strong Sales Partnerships to Drive Growth
Global Reseller: Pulsar International
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US based with offices & customers across the globe
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Satellite solutions provider with additional products and services focussed on the maritime industry
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Act as a Reseller for Harvest Technology Group
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Strong qualified pipeline
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Initial deployments expected to commence by January 2025
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Founder of Pulsar has a long history of successfully working with our CEO, Ilario Faenza. We look to replicate that success again for Harvest
Harvest Technology Group Limited
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Summary
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We are executing the plan and are tuning as needed based on customer requirements and market forces
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We will provide further updates in January for Q2 and February for 1/2 year accounts
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In closing, the board, our team and I are very excited by the opportunities and are laser focussed on continuing to improve and enhance the company
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We thank you for your support
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Questions ?
Ilario Faenza
CEO & Executive Director
Harvest Technology Group Limited
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Postal Address: 7 Turner Avenue, Technology Park, Bentley WA 6102, Australia Telephone: +61 (03) 9415 4000 or 1300 850 505 Investor Email: [email protected] Website: https://harvest.technology
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