ASX: SW1

Q1 FY21 Update

October 20, 2020

Pippa Leary, CEO Geoff Greenberg, CFO

Q1 FY21 FINANCIAL HIGHLIGHTS

EBITDA Growth of 160% vs prior year

  • Strategies to streamline Swift beginning to drive margin expansion as EBITDA margin of 5% in Q1-FY21 reflects a continuing and positive trend
  • Operating cash flow improvement - $0.1m used versus $1.5m in the prior quarter
  • Prudent management of cash resources, ending the quarter on $1.9m in net cash reserves

Revenue up 23% quarter on quarter

  • 70% of revenue long-term and contracted
  • 200% growth in project revenue with $1.2m of new contracts won and $1.8m delivered in Mining and Resources over Q1
  • Tender requests up 28% year on year - encouraging lead indicator of sales growth for 2021
  • 100% retention of Mining and Resources customers

Financial highlights (unaudited)

($M)

Q1- FY20

Q4- FY20

Q1- FY21

Vs Q1 FY20

Vs Q4 FY20

Revenue

6.1

4.8

5.9

(3%)

23%

EBITDA

(0.5)

0.2

0.3

160%

50%

EBITDA Margin %

(9%)

4%

5%

+14 pp

+1 pp

1

SWIFT

Swift is a specialist technology company that provides entertainment and communication solutions to connect and engage communities

  • Closed loop environments like remote mines, residential aged care and GP surgeries - high barriers to entry
  • 70% recurring revenue on typically 3-5 year contracts
  • Strong reputation in reliable communications infrastructure designed and delivered by experienced and efficient engineers and project managers
  • Tech is in our DNA - unique solutions to meet different customer needs in each vertical
  • Clever tech that enables premium on demand content in remote locations without the high bandwidth price tag
  • Early release Hollywood blockbuster film content in Mining and Resources
  • Curated content delivered via simple to use technology in Aged Care

Cloud and on-premises in room

Communication Apps

entertainment and communications

Design and construct of reliable

On the ground local and remote

communications distribution

technical support 24/7

infrastructure

2

MINING & RESOURCES

Delivering secure closed networks with customised communications and content.

  • Design and construction of networking infrastructure in remote locations
  • Site managed communications system delivered via TV and smart device applications
  • Movies, TV on Demand, Sport (Foxtel partnership)
  • Indigenous, mental health, wellbeing content
  • 24/7 remote and onsite technical support
  • Solution for exploration, mobile, rail/road camps

AGED CARE

Making life better by helping residents and their carers engage, communicate and belong.

  • Time saving, facility managed communications, noticeboard and live streaming system delivered via TV
  • Aged Care specific relaxation and exercise content to improve quality of life, reduce isolation and support dementia sufferers
  • In-roomaccess to premium entertainment curated specifically for Aged Care
  • Family mobile-to-tv application to stay connected with loved ones

HEALTH & WELLBEING

Australia's leading DOOH health & wellbeing network in contextually relevant, captive audience environments.

• Digital Out of Home advertising

• Standards' compliant communication tool

• Health & Wellbeing content designed to

inform, educate and entertain patients at

the point of care

• Following strategic review, the Health &

Wellbeing network has been significantly

restructured to reduced costs

• Partnership with XTD to drive national

advertising growth

• 67% of rooms are remote. Streaming-level

•

Alternatives are free-to-air TV which lacks the

bandwidth is impossible via satellite* and

communications capabilities, or are tablet

extremely expensive to install via fibre for a

based which is a challenge for 85+ year olds

standard sized camp in a remote location.

• Cost effective solution for clients whose

only alternatives are expensive mass

advertising and social media or hiring

inhouse marketing capabilities

3

* The maximum camp size that can be serviced by a 30Mbps NBN Satellite Service is 20 Rooms based on 30% of people streaming concurrently at 4Mbps and allowing for link operating overheads.

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Swift Media Limited published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 22:44:06 UTC