Half Year Results to 30 June 2021

September 2021

Presentation Team

Subash Menon

Managing Director & CEO

➢ Subash co-founded Pelatro in April 2013

➢ Prior to Pelatro, Subash was the CEO and Founder of Subex - a company he transformed from a systems integrator in telecoms hardware to a global leader in telecoms software for business optimization

➢ Subash guided Subex through a successful IPO in 1999 and through seven acquisitions in the UK, US and Canada

Nicholos Hellyer

Finance Director

  • Nic, is a Chartered Accountant and former investment banker of over 25 years of experience
  • Nic spent the majority of his banking career at UBS and HSBC, advising on a wide range of transactions including public takeovers, private M&A, IPOs and other equity fund raisings
  • Nic has also spent time in industry as CFO of Buddi Limited and as Partner at Opus Corporate Finance

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FY2021 H1 Highlights

Particulars

H1 2021

H1 2020

Revenue

$3.46m

$2.29m

Recurring Revenue

$2.43m

$1.54m

Recurring Revenue as % of Revenue

70%

67%

Increase in Recurring Revenue

58%

82%

Adjusted EBITDA

$1.61m

$0.66m

Adjusted EBITDA Margin

47%

29%

Increase in Adjusted EBITDA

144%

-18.5%

Adjusted Earnings per Share

1.6c

-0.6c

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Key Activities for H1 2021

  • Win a recurring revenue contract from an Asian telco - potential revenue of c.$1.5m over 3 years
  • An existing customer group in Asia entered into a Framework Agreement for 3 years - revenue converted from repeating to recurring - around $0.5m per year from 2022 onwards
  • Change requests totalling about $1.3m contracted for execution in 2021
  • New modules have been sold to existing customers

4

Post Period End Highlights

  • Completed placing of 8.38m shares to raise £3.35m (pre expenses)
  • Debt repayment of c. $0.75m
  • Gross cash at 31 August $3.8m

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Pelatro plc published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 11:51:08 UTC.