Presentation: Half year results to 31 December 2022

H1 FY2023 Results Presentation

Paul McGlone, CEO

Martin Ive, CFO

8 March 2023

H1 FY2023 Highlights

	ANNUAL	CASH POSITION
RECORD REVENUE	RECURRING
REVENUE	AT 31 DEC 2022
US$24.4M	US$11.9M US$52.2M
54% from H1 FY22	16% from Dec 2021

46,018	US$47.5M investment
GUARDIAN	BALANCE SHEET STRENGTHENED WITH
CONNECTIONS	INVESTMENT FROM MAGNA INTERNATIONAL

US$321M

AWARDED

AUTOMOTIVE

PROGRAM VALUE

700,000+

CARS ON ROAD

ACROSS 6

PROGRAMS

2 Results Presentation, March 2023

Balance Sheet Strength

CASH POSITION	FINAL TRANCHE	TOTAL FUNDING
AT 31 DEC 2022	CONVERTIBLE NOTE	AT 31 DEC 2022
US$52.2M	US$17.5M	US$69.7M

FREE CASH FLOW H1 FY23

(US$18.5M)

3 Results Presentation, March 2023

Financial Performance H1 FY23

		70%
Company - half year comparison		Company - year on year growth
50	50	10%
33%

USD million

40

54%

30							20%
						22%
		-9%	8%
20
10				36%		36%		63%
		70%		47%
0
H1 FY18	H1 FY19	H1 FY20	H1 FY21	H1 FY22	H1 FY23
				Revenue		Gross Profit

USD million

4018%

-4%

30

20

10

0

FY18	FY19	FY20		FY21	FY22	H1 FY23
			Revenue		Gross Profit

• Market tailwinds resulting in more revenue opportunities
• 5-yearrevenue CAGR 17% for H1 with upward trend
• Expanding gross margin with changes in revenue mix

4 Results Presentation, March 2023

Aftermarket Revenue

15

USD million	10
5

0

-

-

-

-

Aftermarket - half year comparison

Aftermarket - steady growth

30

25

20

million

15

USD

10

5

0

H1 FY18

H1 FY19

H1 FY20

H1 FY21

H1 FY22

H1 FY23

FY18

FY19

FY20

FY21

FY22

H1 FY23

Revenue

Recurring Revenue

Revenue

Recurring Revenue

Supply chain constraint in H1 FY23 limited hardware sales

Guardian Generation 3.0 scheduled for H1 FY24 to drive additional volume and margin expansion Installations of 6,000+ units contributed to Recurring Revenue, 54% CAGR over 5 years and 57% of revenue Churn for service provisions very low < 2% p.a.

5 Results Presentation, March 2023