Investor Presentation July 15, 2015 Apivio Systems Inc. (APV.V)
July 15, 2015 Apivio Systems Inc. (APV.V) Disclaimer The - - PowerPoint PPT Presentation
July 15, 2015 Apivio Systems Inc. (APV.V) Disclaimer The - - PowerPoint PPT Presentation
Investor Presentation July 15, 2015 Apivio Systems Inc. (APV.V) Disclaimer The information contained in this document is submitted to parties on a confidential basis for use solely in connection with their consideration of the investment
Disclaimer
The information contained in this document is submitted to parties on a confidential basis for use solely in connection with their consideration of the investment opportunity described
- herein. By its acceptance hereof, the recipient agrees that neither it nor any of its employees
- r advisors shall use the information for any purpose other than the evaluation of the
investment opportunity, nor shall it divulge the information, disclose that it has received this information or that this process is ongoing, or distribute this document to any other party, in whole or in part, at any time without the prior written consent of Apivio. This summary does not constitute an offer to sell or the solicitation of an offer to buy any securities and is intended for informational purposes only. This summary does not purport to summarize all of the conditions, risks and other attributes of an investment in Apivio. Certain
- f the information contained herein includes forecasts, predictions and other such “forward-
looking statements,” which involve particular risks and uncertainties since they depend on assumptions that may not prove to be accurate and could cause the actual results to differ materially from the forecasted or predicted results.
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Apivio is a global leader in voice technology solutions that bring Android, Wi-Fi and VoIP technologies together. Financial ($M) Q1 2015 2014 2013 Revenue $11.6 $46.6 $35
- Adj. EBITDA
$0.1 $1.4 ($0.1) Established: 2002 Employees: 80 Locations: Richmond, BC (HO) Anyang, South Korea Ticker TSX:V APV 52 Week Hi/Low $0.23 / $0.65 # of Shares O/S 52.7M (basic) 71.3M (fully diluted) Market Cap $29M (FD @$0.41) Price/Sales 0.6x
About Apivio
Leading supplier of Voice Over IP (VoIP) handsets to all the Korean Telecom leaders, including Korea Telecom, LGU+, SK Broadband, CJ Hellovision for over seven years Other past and present customers include NTT
- f Japan and NEC, North
America More than 4,000,000 handsets sold, mostly in
- Asia. Now initiating sales
and marketing efforts in North America
Our Business
Dexter Series
Desktop IP Phones
Liberty Series
Mobile Wi-Fi Wireless Phones Launched 2014 In Market Launched 2014
Monet Series
Android-based Video Phones Launching 2015
Products
Monet Series
Android-based Video Phones
Developed for NEC
- In 2014, Apivio presented NEC North America the idea of a
Smart Android deskphone for the enterprise market
- These phones would allow enterprises to develop and run
specific value added apps on the Android O/S
- NECAM gave Apivio a 20,000 phone commitment over 2 years
- Apivio has orders to ship 10,000 phones to NEC by Q3 2015
- NEC Japan now wants to go global (beyond NECAM)
- Apivio is collaborating with NEC to develop business friendly
apps for the enterprise market
- Apivio is innovating with peripherals such as cameras to enable
enterprises to use intelligent apps in the android device
Android Smart Desk Phone
Voice / Video Recording Security RFID Security (motion) Cordless Wi-Fi Smoke Detectors Media Interface SIP Clients
Applications for Vertical Mkts
Liberty Series
Mobile Wi-Fi Wireless Phones Launched 2014 Launching 2015
- Apivio has launched the “Liberty L1” phone that
authenticates on any Wi-Fi network and allows home phones to be portable
- Users can make calls from anywhere on their original home
phone plan – no additional roaming or long distance charges
- Initial PO’s for L1 shipped in Q4’2014 and Q1’2015
- The next generation “L2” phone will launch in Q3’2015
- The L2 will register on our cloud based auto-registration
service (“CLive”)
- CLive allows ease of use, upgrades, tracking and features
that make the phone easy for carriers to deploy and end- users to activate out of the box
Liberty Series Wi-Fi Phone
Liberty L2 Overview
- The new 2-line Liberty L2 Portable
Wi-Fi phone is suitable for home or
- ffice use
- Enables mobility for your home or
- ffice phone
- Allows seamless hand-off from one
Wi-Fi AP to another
- L2 is a dual mode phone that
- perates in the 2.4GHz and 5GHz
bands with outstanding reliability.
- Excellent HD sound quality using HD
codecs (G.722 and AMR-WB).
- Launching in Q3’2015
Security Wi-Fi Phones Smoke Detectors
Applications of CLive
CLive Provisioning
Recent $3.3M private placement provides capital for growth initiatives Continue to capitalize on
- ur market
share in Korea Expanding Global VoIP market New Android products and platform, build on initial NEC commitment
- f 20,000
phones New Wi-Fi products and platform Company transitioning to higher and repeat revenues Company transitioning from making products to
- wning
platforms
Growth Drivers
Figures in $ 000s, except percentages
Revenue, Margin & EBITDA Improvement
29,467 35,039 46,553
- 5,000
10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 FY12 FY13 FY14
Annual Revenue
2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 Series1
- 320
305
- 49
- 2
- 348
975 108 684 90
- 320
305
- 49
- 2
- 348
975 108 684 90
- 600
- 400
- 200
200 400 600 800 1000 1200
Quarterly EBITDA
15.6% 15.2% 16.2% 15.0% 16.8% 18.2% 18.9% 19.2% 19% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15
Gross Margins - Quarterly
Stronger Balance Sheet
CDN $(000's) FY 2012 FY 2013 FY 2014 Q1 2015 Current assets: Cash and cash equivalents 1,340 2,969 1,810 5,101 Trade and other receivables 2,786 3,311 4,970 3,782 Inventories 2,234 2,057 4,528 5,981 Other assets 2,019 900 563 913 8,379 9,237 11,871 15,777 Property, plant and equipment 1,110 1,270 1,185 1,170 Intangible assets 257 301 459 462 Other financial assets 260 447 800 920 Total Assets 10,006 11,255 14,315 18,329 Current liabilities: Trade payables and Liabilities 3,209 4,206 5,028 5,616 Short-term borrowings 5,784 6,330 6,724 6,929 8,993 10,536 11,752 12,545 Long-term borrowings 1,480 420 814 820 Defined benefit liabilities 198 174 416 531 10,671 11,130 12,982 13,896 Equity and Accumulated Deficit (665) 125 1,333 4,433 Total Liabilities and Equity 10,006 11,255 14,315 18,329 Working Capital (614) (1,299) 119 3,232 Net Debt 5,924 3,781 5,728 2,648 Equity (665) 125 1,333 4,433
Contact
- Rob Bakshi, CEO
T: 604-761-2100 rbakshi@apivio.com
Questions?
- David Pais, CFO
T: 604-340-9866 dpais@apivio.com