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 opportunity described herein. By its acceptance hereof, the recipient agrees that neither it nor any of its employees or 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 of 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. cc
About Apivio Apivio is a global leader in voice technology solutions that bring Android, Wi-Fi and VoIP technologies together. 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 @$0.41) Price/Sales 0.6x Financial ($M) Q1 2015 2014 2013 Revenue $11.6 $46.6 $35 Adj. EBITDA $0.1 $1.4 ($0.1)
Our Business Leading supplier of Voice Other past and present More than 4,000,000 Over IP (VoIP) handsets customers include NTT handsets sold, mostly in to all the Korean Telecom of Japan and NEC, North Asia. Now initiating sales leaders, including Korea America and marketing efforts in Telecom, LGU+, SK North America Broadband, CJ Hellovision for over seven years
Products Monet Series Android-based Video Phones Liberty Series Dexter Series Mobile Wi-Fi Wireless Phones Desktop IP Phones Launched 2014 In Market Launching 2015 Launched 2014
Android Smart Desk Phone Developed for NEC Monet Series • In 2014, Apivio presented NEC North America the idea of a Smart Android deskphone for the enterprise market Android-based Video • These phones would allow enterprises to develop and run Phones 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
Applications for Vertical Mkts Voice / Video Recording Security SIP Clients RFID Security Media Interface (motion) Cordless Smoke Detectors Wi-Fi
Liberty Series Wi-Fi Phone • Apivio has launched the “Liberty L1” phone that Liberty Series authenticates on any Wi-Fi network and allows home phones to be portable Mobile Wi-Fi Wireless Phones • 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 Launched 2014 Launching 2015
Liberty L2 Overview • The new 2-line Liberty L2 Portable Wi-Fi phone is suitable for home or office use • Enables mobility for your home or office phone • Allows seamless hand-off from one Wi-Fi AP to another • L2 is a dual mode phone that operates 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
Applications of CLive Security CLive Provisioning Smoke Wi-Fi Detectors Phones
Growth Drivers New Android Recent $3.3M products and Company private Continue to Company platform, transitioning placement capitalize on Expanding New Wi-Fi transitioning build on from making provides our market Global VoIP products and to higher and initial NEC products to capital for share in market platform repeat commitment owning growth Korea revenues of 20,000 platforms initiatives phones
Revenue, Margin & EBITDA Improvement Annual Revenue Quarterly EBITDA 50,000 46,553 1200 45,000 975 1000 40,000 35,039 684 800 35,000 29,467 600 30,000 305 400 25,000 108 90 200 20,000 0 15,000 -2 -200 -49 10,000 -400 -320 -348 5,000 -600 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 FY12 FY13 FY14 Figures in $ 000s, except Gross Margins - Quarterly percentages 25.0% 19.2% 18.9% 19% 18.2% 20.0% 16.8% 16.2% 15.6% 15.2% 15.0% 15.0% 10.0% 5.0% 0.0% Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15
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
Questions? Contact • David Pais, CFO • Rob Bakshi, CEO T: 604-340-9866 T: 604-761-2100 dpais@apivio.com rbakshi@apivio.com
Recommend
More recommend
