1H22 Financial Snapshot & Strategic Focus slide image

1H22 Financial Snapshot & Strategic Focus

For personal use only SEGMENT FINANCIAL RESULTS aerometrex Region Australia US Total Australia Dec 2021 Dec 2021 Dec 2021 Dec 2020 US Dec 2020 Total Dec 2020 Geographical Segments: $'000 $'000 $'000 $'000 $'000 $'000 Revenue Other income 10,719 620 11,339 8,574 8,574 171 8 179 Total revenue and other income 10,719 620 11,339 8,745 8 8,753 Aircraft and project processing costs (3,074) (98) (3,172) (1,809) (5) (1,814) Employee benefits expense (4,566) (267) (4,833) (4,052) (325) Share based payments (128) (128) (840) Other expenses (2,299) (383) (2,682) (1,613) (253) (4,377) (840) (1,866) EBITDA 652 (128) 524 431 (575) Depreciation of property, plant and equipment (1,364) (17) (1,381) (1,283) (7) (144) (1,290) Amortisation of intangible assets (2,627) (112) (2,739) (2,013) (2,013) Finance costs Finance income (Loss) before income tax Income tax expense¹ (Loss) for the year after income tax (49) (49) (43) (43) 15 15 56 (3,373) (257) (3,630) (2,852) (582) (3,434) 816 816 399 145 (2,557) (257) (2,814) (2,453) (437) (2,890) EBITDA 652 (128) 524 431 (575) (144) Items not in the ordinary course of operations: Share based payments 128 128 840 840 Normalised EBITDA 780 (128) 652 1,271 (575) 696 56 544 Growth in AU revenue driven by MetroMap subscription growth and LiDAR First substantial revenue contribution from the US operations Aircraft & processing costs impacted by COVID-19 contributing some of the increase in costs for aviation charter to enable mobilisation from other states to capture work, field crew out in the field longer to combat border movement, associated cost increases reflecting increase in revenue (e.g., use of subcontractors and survey costs related to LiDAR) Employee benefit expense includes the appointment of two senior positions CRO (June 2021) and CIO (Aug 2021) to further strengthen the business for growth Shared based payments relate to options issued to staff following the IPO to align interests with shareholders this is accounting for the second year of vesting Growth in amortisation reflects ongoing investment into datasets for MetroMap and US 3D models 1 Income tax benefit for US tax losses has not been recognised for half year ended 31 December 2021. Tax benefit recognised for half year ended 31 December 2020 was subsequently reversed out at 30 June 2021. 22 22
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