Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

JCURVE SOLUTIONS LTD AGM Information 2009

Nov 10, 2009

65158_rns_2009-11-10_9d2795d8-ed8b-4e70-983a-b95c14ce5589.pdf

AGM Information

Open in viewer

Opens in your device viewer

Stratatel Limited ABN 63 088 257 729

==> picture [207 x 21] intentionally omitted <==

Level 4 22 Atchison Street St Leonards NSW 2065

[T] +61 2 9467 9200 [F] +61 2 9467 9201 [W] stratatel.com.au

11 November 2009

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

PRESENTATION TO SHAREHOLDERS

Please find attached the presentation to be provided by Mr Mike Fairclough at the Company’s Annual General Meeting on 12 November 2009.

Yours faithfully

==> picture [113 x 51] intentionally omitted <==

Emma McCormack

Company Secretary

Stratatel – Going for Growth

2009 Annual General Meeting

==> picture [193 x 19] intentionally omitted <==

Mike Fairclough

Highlights

  • Strong revenue growth 2008/2009

==> picture [287 x 192] intentionally omitted <==

==> picture [293 x 196] intentionally omitted <==

  • Strong earnings (EBITDA) growth in 2008/2009

  • Continued dividends to shareholders

  • Release of softlog.mobile™; initial trials

  • Release of CostManager solution for print management

  • Launched “New Leader” program to empower talented/committed staff

==> picture [170 x 17] intentionally omitted <==

Highlights Continue

==> picture [300 x 226] intentionally omitted <==

==> picture [305 x 175] intentionally omitted <==

  • Stratatel Resource profitable and operating cash flow positive

  • Achieved IBM Premier Business Partner status

  • Optus MobileFleet sales pipeline re-energised

  • Recent new sales

  • Good pipeline

  • Rights Issues successfully completed

==> picture [170 x 17] intentionally omitted <==

Financials to 30 June 2009

==> picture [630 x 386] intentionally omitted <==

----- Start of picture text -----

Consolidated Revenue Growth 2006-2009
$9,000,000
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2006 2007 2008 2009
----- End of picture text -----

==> picture [170 x 17] intentionally omitted <==

Financials to 30 June 2009

==> picture [610 x 381] intentionally omitted <==

----- Start of picture text -----

Consolidated EBIT/EBITDA Growth 2006-2009
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
2006 2007 2008 2009
-$500,000
-$1,000,000
EBIT EBITDA
----- End of picture text -----

==> picture [170 x 17] intentionally omitted <==

Financials to 30 June 2009

==> picture [639 x 398] intentionally omitted <==

----- Start of picture text -----

EBITDA per Share Growth 2006-2009
1.50
1.00
0.50
0.00
2006 2007 2008 2009
-0.50
-1.00
cents per share
----- End of picture text -----

==> picture [170 x 17] intentionally omitted <==

Stratatel Operations Today

QUICK FACTS

  • 2 operating divisions

  • ~ $6m of annuity revenue as at 1/11/09

  • ~ 67 staff

  • 4 Australian offices

  • 2 International representative offices

==> picture [338 x 225] intentionally omitted <==

==> picture [342 x 187] intentionally omitted <==

Stratatel Operations Today

==> picture [678 x 319] intentionally omitted <==

----- Start of picture text -----

STRATATEL
MARKETING BOARD TECHNICAL BOARD
Stratatel Resource Group Group Group Stratatel EMD
Sales & Operations Finance Marketing Development Sales & Operations
----- End of picture text -----

==> picture [170 x 17] intentionally omitted <==

About Stratatel Resource

  • IBM Premier Business Partner (software)

  • Only Premier Partner in WA

  • Established 15 years

  • Need to hold IBM certifications to sell and support

  • Sells High End Software Solutions/applications using IBM Software (commission on sales up to 40%)

  • Provides application design, build and support services on hourly rate and project basis

  • Targeting: Government, Mining and Engineering and current Stratatel clients

  • Significant growth opportunity in Australia and overseas

  • Organic growth and acquisition

==> picture [170 x 17] intentionally omitted <==

The Outlook

  • Govt/Enterprise clients, gaining sales momentum (Phoneware/FleetManager)

  • Why the Company is optimistic of double digit revenue growth in 2009/2010

  • new products/refresh the current products

  • more salespeople/growing sales pipeline

  • additional marketing resources for sales lead generation

  • key partners Canon, IBM, Optus, Telstra, NEC

  • large govt/enterprise client base

  • new business division, Stratatel Resource; substantial untapped opportunity

  • public relations/advertising strategy to support sales and corporate activities

  • financial capacity to execute business plan

==> picture [170 x 17] intentionally omitted <==

Potential Game Changes

OPPORTUNITIES

==> picture [301 x 226] intentionally omitted <==

==> picture [303 x 176] intentionally omitted <==

  • International release and distribution of

  • softlog.mobile™

  • Softlog sales ramp up for Canon – Australia/New Zealand and other international opportunities

  • IBM Business Partner expansion – Australia and international

  • Additional applications on mobiles – Blackberry, iPhone

  • Acquisition opportunities in pipeline

==> picture [170 x 17] intentionally omitted <==

The Plan

ACQUISITIONS:

==> picture [305 x 204] intentionally omitted <==

==> picture [307 x 187] intentionally omitted <==

  • Software and services targets

  • Complete 1 to 2 acquisitions in 2009/2010

  • Complete 1 to 2 acquisitions in 2010/2011

  • Each ideally between $5m – $10m revenue

  • Profitable

  • Targeting IBM Business Partners but not essential/limited

  • Continue to develop products for organic growth

==> picture [170 x 17] intentionally omitted <==

The Plan

SO BY 31/12/2011

==> picture [299 x 224] intentionally omitted <==

==> picture [301 x 155] intentionally omitted <==

  • Consolidated annualised revenue in the range of

  • $30m – $35m

  • Consolidated annualised EBITDA in the range of $5m – $6m

  • Revenues underpinned by base of recurrent revenue which should deliver:

  • increased share price

  • increased dividends

==> picture [170 x 17] intentionally omitted <==

Capital Structure

==> picture [615 x 396] intentionally omitted <==

----- Start of picture text -----

Shares: 139,743,441
Listed Options: 23,115,861
Unlisted Employee Options: 4,500,000
Current Share Price: 7 cents (02 November 2009)
Market Capitalisation: $9.8 million
No debt
Operating cashflow positive and profitable
Cash at bank $1.8m (31 October 2009)
----- End of picture text -----

==> picture [170 x 17] intentionally omitted <==

Do you know this company?

  • Over the 4 years to 30 June 2009:

o Average revenue growth 49% pa

o Average EBITDA growth of 93% pa

o Average EBITDA per share growth of 65% pa

  • Maintained annual dividend of 0.5 cents per share since 2007

  • Currently trades at a EBITDA Multiple of 6.4 times[1 ]

  • Has IP ownership

  • Stable competent management

  • Is the leader in its field in Australia

  • Has major revenue generating alliances with Optus, Telstra, NEC, Canon, IBM

  • Has over 1,000 clients (including ASX 200 companies)

  • Has growth opportunities overseas

  • Board and management have significant equity in the business

==> picture [170 x 17] intentionally omitted <==

Note 1: Based on share price as at 02 November 2009