FY22
onlySwift Half Year Results Presentation
useBrian Mangano, CEO and Managing Director onal
The New onlyuse
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We create premium accommodation experiences through superior engagement, communication and entertainment solutions.
Swift is uniquely positioned as Australia's largest digital media platform to provide simple and effective engagement, entertainment, communications and network solutions across the Mining, Aged Care and Government sectors.
It's not simply the commitment to research, the in-house development, operations and support teams, but the breadth of products
and services that have the potential to provide unparalleled value to our
technology forward clients. Mature relationships with suppliers and decades of industry knowledge fuel our commitment to see our client facilities become premium accommodation experiences.
Investment Opportunity.
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The first half of FY22 saw Swift introduce its new flagship product, Swift Access, which will drive growth in high quality recurring revenue
- Strong growth opportunities in our core verticals of Mining and Aged Care
- Renewed growth in recurring Revenue base of $14 million with multi-year Swift Access contracts with existing customers
- Opportunity to displace legacy systems in Mining by introducing Swift Access to new customers across the sector
- Strong demand for Swift Broadcast product in Aged Care across Australia
- Increasing pipeline of opportunities for Swift's Network Solutions due to increasing demand for connectivity
HIGHLIGHTS - FOUNDATION FOR GROWTH.
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$13.6 million annualised recurring | Strong sustainable gross margin improvement |
revenue | |
Recurring Revenue Up 6% | Successful launch of market leading Swift Access |
Product | |
Completed divestment of Medical | Award of new long-term contracts for |
Swift Access | |
Media business | |
Reduction in Business Overhead Base | Available investment of $1.9 million |
GROWTH OPPORTUNITIES.
Mining & Resources
only Aged Care use Other
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Market Size 150,000+
Rooms in Villages
Market Size 223,000
Residential Aged Care Places
Market Size
Infinite
Continued Growth Opportunities Over Time
- New Swift Access product will drive growth in market share.
-
Swift Access is the only platform in the Mining sector that
provides, Engagement, Entertainment and Communication with a bandwidth management system. - Sites competing for personnel - facility Engagement, Communications and Entertainment increasingly important to retention and attraction.
- Growing pipeline of Network project work as sites upgrade communications systems.
- Scope for growth through new sales post COVID.
- Unrestricted site access to install back log on Swift Broadcast system projects.
- Swift Broadcast launched across Residential Aged Care.
- Successful launch into Retirement Living.
- Growth in sales partnerships with access to multiple Aged Care providers.
- New opportunities in government sector.
- Opportunity to develop cloud-based product to enable access to new verticals.
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Swift Media Limited published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 06:11:15 UTC.