INVESTOR PRESENTATION | NOVEMBER 2014
Transcription
INVESTOR PRESENTATION | NOVEMBER 2014
INVESTOR PRESENTATION | NOVEMBER 2014 Forward-Looking Statements Certain statements contained in this presentation, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements normally contain words like believe, expect, anticipate, plan, intend, continue, estimate, may, will, should and similar expressions. Such statements are not guarantees of future performance. They are based on management's expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate in the circumstances. Management has based these statements on estimates and assumptions that they believed were reasonable when the statements were prepared. Actual results could be substantially different because of the risks and uncertainties associated with the Company's business. Important risks that could cause such differences include, but are not limited to, the length of sales cycles, rapid technological advancement, competition, the availability of critical inputs, foreign exchange rate occurrences and doing business in foreign countries. Additionally, differences could arise because of events that are announced or completed after the date of this presentation, including mergers, acquisitions, other business combinations and divestitures. More information about the risks and uncertainties affecting the Company's business can be found in the "Risk Factors" section of our final short form prospectus dated March 31, 2014 and of our Annual Information Form dated March 28, 2014 each of which is available under the Company's profile at SEDAR (www.sedar.com). Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements or information. Avigilon undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement. 2 Security Needs are Everywhere STADIUMS HOSPITALS CRITICAL INFRASTRUCTURE AIRPORTS PORTS RETAIL BANKS OFFICES LAW ENFORCEMENT & PRISONS CASINOS TRANSPORTATION SCHOOL CAMPUS 3 Video Surveillance Market is Large and Growing Public safety Asset protection $23.2B Theft prevention Liability management Regulatory compliance $12.6B 2012 2016 4 Source: IHS Research 2012 High Definition Overtaking Analog Most surveillance cameras in use today are still analog 5 What We Do Design & Manufacture Best High-Definition Best Security Solutions SUPERIOR ROI 6 End-to-End Open HD Security Solution HD IP Cameras Lenses / Enclosures Analog Encoders Network Switches NVRs Workstations Access Control IP Cameras Avigilon Control Center Software Video Analytics NVR w/ NVMS Internet Local Area Network Analog Video Encoder & Analog Cameras Access Control 7 High Definition Stream Management (HDSM)™ Highest Image Quality Least Amount of Bandwidth Less Storage Needed Patented and Protected by trade secrets OTHERS Maximum clarity Minimum bandwidth 8 Made in North America >61K sq. ft. Richmond, BC o >$500M capacity US Manufacturing Plant Opening Successive Clone Factories Planned Key Advantages: o o o o Highest Quality Greater Innovation Faster Delivery IP Protection 9 Go-to-Market Strategy Global Reseller Network >2,000 active resellers Global Sales Team Selling in more than 113 countries Supported by Inside Sales Department and Sales Engineers Business Development Department o Focused on longer lead time enterprise opportunities 10 Delivering Greater Customer ROI Case Studies: Go to http://avigilon.com/case-studies/ 640px X 480px VGA Camera coverage 6576px X 4384px 2592px X 1944px 5 MP Camera coverage 29 MP Camera coverage Ten Avigilon 29 megapixel cameras can cover the equivalent of 1,000 VGA cameras. 11 Q3 Revenue, Adjusted EBITDA & Net Income $ Millions CDN Adjusted EBITDA Revenue Net Income 11.6 15.7 71.0 12.4 51.2 Q3 2013 8.6 Q3 2014 Q3 2013 Q3 2014 Q3 2013 Q3 2014 12 Revenue 191.9 $ Millions CDN 178.3 122.4 102% CAGR 100.3 60.0 32.3 International 16.9 5.3 2008 North America 2009 2010 2011 Year-ended December 31 2012 2013 2013 2014 For the nine-month period ended September 30 13 Adjusted EBITDA and Net Income $ Millions CDN 35.3 34.5 22.9 22.2 21.6 14.8 12.7 6.6 2.8 0.0 0.4 2009 7.2 3.8 EBITDA 1.0 Net Income 2010 2011 Year-ended December 31 2012 2013 2013 2014 For the nine-month period ended September 30 14 Our Mission Provide customers with superior protection created through innovation and become one of the world’s largest security companies. 15 Delivering Long-term Growth >$280M Annual revenue run rate Q3 2014 $500M Annual revenue run rate end of 2016 16 Growth Strategy Proven and Successful Expand Sales Reach Increase Brand Awareness Accelerate Innovation Into new markets Expanded trade show presence Grow engineering team to bring new products and features to market faster o APAC and LATAM Increase coverage in established markets o NA and EMEA Grow Business Development Department Focused marketing initiatives Strategic advertising Widen lead over nearest competitors Ongoing cost reductions Potential technology acquisitions 17 Recent Acquisitions for Continued Growth US$17M acquisition of RedCloud Security, Inc. in May 2013 Innovative provider of web-based, physical and virtual access control systems Open IP platform; integrates physical security with identity management IP Portfolio includes 2 patents and 2 patents pending Fully integrated into Avigilon system in January 2014 and rolled out as Avigilon Access Control Manager US$31M acquisition of VideoIQ, Inc. in January 2014 Leader in real-time intelligent video analytics Commercially proven, proprietary technology includes live detection, event verification and self-learning Strong IP portfolio: 40 patents granted or pending internationally Experienced development team Full three phase integration expected to be complete in 12-18 months 18 Summary Strong Team Proven Strategy Large & Growing Market Best of Breed Products Positioned for continued growth Well Financed 19 Recent Awards Fastest Growing Tech Company in NA 2011, 2012, 2013 & 2014 Leadership Award and Advancing Technology and Innovation 2014 Fastest Growing Canadian Tech Company 2012, 2013 & 2014 TSX Tech Stock of the Year 2012 Fastest Growing Company in Canada 2013 & 2014 BCTIA Company of the Year 2012 20 Thank You 21