ComOps Limited Shareholder Update General Meeting of Shareholders 17 November 2014 www.comops.com.au
ComOps - Shareholder Meeting • 2014 Review – A transformative year • Introduction of Chief Executive Officer • Operational status (CEO’s initial views) • Heading into 2015 • Comops share structure (Ordinary shares) • Shareholder Meeting Resolutions
2014 Review – A transformative year • Board re-elected in May • Finalisation of legacy issues and Korellus sale (July 2014) • Significant new capital raised – 2 placements and current rights issue 80% underwritten – New institutional and HNW shareholders on board • Microster customer base growing (Hays, NZ Justice) • First acquisition (E-tivity) • Business performance improving • New CEO, Gerry Williams, hired • 2015 expectation – a profitable growing year. Reshaped, Repositioned, Refocused
Our Strength is your security… ComOps Key Customers Australian Owned ASX listed Leading edge functionality Extensive domain knowledge with over 20 years experience Quality assured ISO 9001 Microsoft Gold Partner Customers in Australia, NZ and Philippines
Operational Status – CEO View GERRY WILLIAMS ON BOARD SINCE 1 OCTOBER 14 Staff • Product experts • Committed to Product • Need uniting leadership in winning culture Product • Substantial overlap of 2 core products – Great enhancement opportunity • Product enhancement in progress for E-tivity • Comparative analysis underway – high level communication roadmap • Determination of cross-pollination of features for verticalisation • Architecture decisions and detailed product roadmap • Product and installed base migration
Operational Status – CEO View Revenue • Good annuity revenue from E-Tivity • Reasonable pipeline for Microster; E-Tivity requires funnel growth • Sales force need driven leadership, firm qualification & process discipline Market • Workforce automation in vogue • Plenty competition about – some quite aggressive, BUT • ComOps has the products and capability – needs improved branding and sales focus Fiscal • New scale and financial strength will deliver greater customer comfort
Comops – Heading into 2015 • The leading Australian Workforce Management Solutions group • Enhanced market and product position 1 st acquisition completed • • Capability for further M&A • Expanded Market Capitalisation (613m shares @ 3c = $18.4m) • Strong balance sheet • Solid shareholder base • CEO, Gerry Williams, now in place and providing driven leadership • Cash positive and profitable business • 2015 expectation – a profitable growing year. Reshaped, Repositioned, Refocused
Comops - Share structure
Shareholder Meeting Resolutions The resolutions being put to shareholders may be categorized as follows: 1. Share issue to E-tivity vendors - Complete Acquisition 2. Adoption of ESOP & PRP (2 res) - Best Practice 3. Issue of Options to Directors (3 res) - Past and Future Performance 4. Refresh of Placement Capacity - Best Practice
Contact us ASX code: COM Niall Cairns Non-Executive Chairman ComOps Limited Mobile: +61 418 410 306 Email: Niall.Cairns@comops.com.au Gerry Williams Chief Executive Officer ComOps Limited Phone: +61 416 196 448 Email: Gerry.Williams@comops.com.au Christopher Brooke Company Secretary and CFO ComOps Limited Phone: +61 2 9923 8060 Email: Chris.Brooke@comops.com.au Ground Floor, 77 Pacific Highway, North Sydney NSW 2060 Australia
Disclaimer The information contained in this document is disclosed to you by ComOps Limited (ABN: 79 000 648 082) (the Company). Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal tax or other advice. The information in this document does not take into account your investment objectives, financial situation or particular needs. The Company has prepared this document and is not aware of any errors in this document, but does not make any recommendations or warranty, express or implied concerning the accuracy, likelihood of achievement or reasonableness of any assumptions, forecasts, prospects or returns contained in the information. Such assumptions, forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. This document is intended to provide background information only and does not purport to make any recommendations upon which you may reasonably rely without taking further more specific advice. Potential investors should make their own decision whether to purchase any shares in the Company based on their own enquiries. Personal investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of the investment. Forward Looking Statements No representation or warranty is given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, projections or forward looking statements (including any forecasts, projections or forward looking statements relating to prospective financial information) contained in this presentation. Forecasts, projections and forward looking statements are by their nature subject to significant uncertainties and contingencies. You should make your own independent assessment of the information and seek your own independent professional advice in relation to the information and any action taken on the basis of the information. The presentation contains or may contain reference to certain intentions, expectations, and plans that may or may not be achieved. They are based on certain assumptions that may not be met or on which views may differ. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the Company’s control. No representation or warranty, express or implied, is made by the Company or any of its directors, officers, employees, advisers, or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.
Comops – Continuing the journey Location aware, mobile, cloud enabled Regional Asia ‐ Pacific Workforce Global Workforce, Workplace & Management solutions: Workflow solutions: • Brands – Microster/Salvus (Plus ET) • Multiple Brands • Workforce Management • Wider product range • Asia Pacific region • Global operations • Positioned for Growth • Strong growth Growth: Organic & Acquisition Outlook (including ET acquisition) Aim is to build (Acquisition dependent) • Revenue c.$11.5m • Revenue c.$50+m pa • EBITDA target 20% • EBITDA target 25+% • Cash flow positive • Strong cash flow Acquisition target profile • Revenue $1m ‐ 10m & earnings positive • Expand product & market reach • Technology rich • Value accretive
Reshaped, Repositioned, Refocused Delivering operationally critical cloud enabled Enterprise Grade Workforce, Workplace & Workflow solutions for the management of complex & asset intensive working environments Experienced Team Leading Asia ‐ Pacific WFM solution Blue Chip customer base Global opportunity Organic and Acquisition growth Potential for strong investor returns
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