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STRAKER LIMITED — AGM Information 2020
Aug 25, 2020
65867_rns_2020-08-25_5109b49b-620b-4448-87e5-4bfd6626b733.pdf
AGM Information
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2020 Annual Meeting 26 August 2020 CEO Presentation Grant Straker
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How we have responded to COVID-19
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Supporting our team and moving to remote working
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•Implemented HR systems to support workers in hard hit areas (e.g Madrid)
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•Easily moved to remote working across the Group
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•One Team, One Platform philosophy using RAY made moving to remote working significantly easier
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Cash conservation and right-sizing
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•Executive reduced remuneration by 18% on average for Q1-FY21
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•Executing plan to remove $3-3.5m of operating costs
•Staff and Board reduced remuneration by 10% during Q1-FY21
- •$300k government COVID-19 stimulus
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Adapting to deliver on new growth opportunities
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•Technology adoption is being accelerated and customers are looking for automation solutions like RAY
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•Won some major COVID19 projects that are leading to ongoing work
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•Not all of our competition will come out of the crisis
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•New acquisition opportunities
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Exponential
Released RAY Workbench
growth in data
4.0 leading the industry
assets to drive AI
with adaptiveAI allowing
unique productivity
platform
based pricing
200
150
Billions
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50
0
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2011201220132014201520162017201820192020
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Executing on Strategic Priorities
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Remain focused on becoming a $100m revenue company
Become the most productive Translation company in the world
Drive organic and acquisitive enterprise growth
Aim to be a top 10 Media Localisation company
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Organic Growth
Aggressively approaching new marketing opportunities Enterprise focus gaining traction and significant opportunities in the pipeline COVID-19 driving change in purchasing decisions a positive for Straker Conferences and customer interactions going virtual Online marketing campaigns focused on better value through AI, automation andsimplicity
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Successfully acquired two companies
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Expanded reach into major industrial area in Europe
Expanded reach into major industrial area in Europe
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NZ$4m revenue
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Ability to further consolidate some of our Spanish operations
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Performing well through COVID-19
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• NZ based with major
global industrial
customers
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Strong interpreting team building out our total capacity
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Performing well through COVID-19
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210
M&A
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Still a large numberof potential opportunities
Possible new targets coming to market
Ability to increase use of earn-outs and use less cash up-front Our ability to integrate faster proven with NZTC Will re-engage with all previous opportunities
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Advanced stage
140
Mid stage
70
Early stage
0
Total revenue of acquisition opportunities in pipeline
Current acquisition opportunities around NZ$200m in total revenue spread across 30 opportunities
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$101 bn
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SUMMARY
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Strong gross margins due to technology advantage
Increase in Enterprise pipeline
Strong financial position to get through COVID-19 and continue to execute growth strategy
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Committed to M&A with opportunities now reemerging
Have carried out re-structuring activity to lower cost base moving forward
Repeat revenue customers now comprising 86% of total revenue
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