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1/6 2/6 4/6 5/6 1/4 3/4 1/2 Sydney IMB FY25 Full Year Results & WA Acqusition August 2025 OUR BRANDS For personal use only
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DISCLAIMER This investor presentation has been prepared by Intelligent Monitoring Group Limited (ACN060 774 227) (IMG or the Company). It contains general information about the Company and its subsidiaries (Group) and the Group’s business as at the date of this presentation. The information in this presentation should not be considered to be comprehensive or to comprise all of the material which a shareholder or potential investor in the Company may require in order to determine whether to deal in the Company’s shares. The information in this presentation is of a general nature only and does not purport to be complete. It should be read in conjunction with the Company’s periodic and continuous disclosure announcements which are available at www.intelligentmonitoringgroup.com and with the Australian Securities Exchange (ASX) announcements, which are available at www.asx.com.au. Not an offer or financial product advice This presentation is for information purposes only and is not a prospectus, product disclosure statement or other disclosure document for the purposes of Chapter 6D or Part 7.9 of the Corporations Act 2001 (Cth) (Corporations Act) or other offer document under Australian law or the law of any other jurisdiction. This presentation is not and should not be considered, and does not contain or purport to contain, an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in the Company (Securities) nor does it constitute financial product or investment advice (or taxation or legal advice) nor take into account your investment objectives, taxation situation, financial situation or needs. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this presentation would be unlawful under the securities or other laws of that or any other jurisdiction. Past performance The operating and historical financial information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of the Company's views on the Group’s future performance or condition. You should note that past performance of the Company cannot be relied upon as an indicator of (and provides no guidance as to) future Group performance. No liability The Company has prepared this presentation based on information available to it at the time of preparation, from sources believed to be reliable and subject to the qualifications in this presentation. To the maximum extent permitted by law, none of the Company, nor its respective advisers or representatives, nor any of their respective affiliates, related bodies corporate (as that term is defined in the Corporations Act) or securityholders, nor any of their respective directors, officers, employees, partners, representatives, consultants, agents or advisers (each a Limited Party and together, the Limited Parties) accept any responsibility or liability (whether for fault, negligence or otherwise) for the contents of this presentation and make no recommendations, representations or warranties regarding it. No representation or warranty, express or implied, is made as to the fairness, reliability, accuracy, adequacy, validity, correctness or completeness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Limited Parties accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss whatsoever arising from the use of the information in this presentation or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation, including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom or otherwise arising in connection with it. Future performance This presentation contains certain "forward-looking statements", including the Company’s beliefs, assumptions and expectations. The words "expect", "anticipate", "estimate", "intend", “likely”, "believe”, "guidance", "should", "could", "may", "will", "predict", "plan", “propose”, “goals”, “aim”, “target” and other similar expressions are intended to identify forward-looking statements. Any indications of, and guidance on, outlook, future operating performance, earnings and financial position and performance are also forward-looking statements. Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that those predictions, forecasts, projections and other forward looking statements will not be achieved. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements, including projections, guidance on future operations, earnings and estimates (if any), are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This presentation contains statements that are subject to risk factors associated with the Company’s industry as well as unknown risks and uncertainties (both general and specific), many of which are outside the control of the Company. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables, some of which are outside the Company’s control, which could cause actual results or trends to differ materially, including but not limited to earnings, capital expenditure, cash flow and capital structure risks and general business risks. Given this, undue reliance should not be placed on any forward-looking statement. No representation, warranty or assurance (express or implied) is given or made in relation to any forward-looking statement by any person (including any member of the Group or any of the other Limited Parties). In particular, no representation, warranty or assurance (express or implied) is given that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. Actual operations, results, performance or achievement may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Any forward-looking statements in this presentation speak only as of the date of this presentation. Subject to any continuing obligations under applicable law, the Company expressly disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. Nothing in this presentation will, under any circumstances, create an implication that there has been no change in the affairs of the Group since the date of this presentation. Third party information This presentation may contain trademarks and trade names of third parties, which are the property of their respective owners. Third party trademarks and trade names used in this presentation belong to the relevant owners and use is not intended to represent sponsorship, approval or association by or with the Company. 2 For personal use only
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OVERVIEW • Unaudited EBITDA for FY25 $38.4m. Underlying operating cash flow for FY25 of $31.1m pre-refinancing, acquisition, and ADT/JCI transition costs. • Unaudited underlying* earnings growth of +8.2% for FY25. • Probability and time weighted revenue pipeline of $36.6m, primarily from Commercial & Enterprise Security • Acquisition of Western Advance (West) for $4.5m. Adding expertise in Oil & Gas customer segment and further strengthening the WA ADT operation. • $24.0m cash in bank plus $35m acquisition facility available. • Buyback facility enacted to provide flexibility in coming periods. Morgan’s Financial appointed manager. *Pre-acquired earnings and transition and refinancing costs. 3 For personal use only
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1 About Intelligent Monitoring Group (IMG) 2 Our Brands 3 Group Vision 4 Group Financials 5 Group Strategy & Growth 6 Western Advanced (WA) Acquisition 7 Shareholder Discount 8 FY25 Summary AGENDA 4 For personal use only
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1/6 2/6 4/6 5/6 1/4 3/4 1/2 ABOUT INTELLIGENT MONITORING GROUP (IMG) Customer base of over 210,000 businesses, homes, and individuals across Australia and New Zealand. We operate out of all major cities in Australasia - Adelaide, Brisbane, Melbourne, Sydney, Canberra, Perth, Launceston, Auckland, Wellington, Hamilton, and Christchurch, with a presence in many other locations. Stable recurring revenue base of approximately $6.9 million per month Over 600 full- time employees across Australasia Approximately 43% female and 57% male employees Share market value of ~$239m. IMB is owned by investors such as Black Crane (35%), Allan Gray (12.7%), MA Financial (12%) and a range of quality Australasian institutions and private investors. Brisbane Sydney Melbourne Adelaide Perth Auckland ChristchurchLaunceston Leading Security Provider in an Under-Penetrated Market with a Strong Balance Sheet 5 For personal use only
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OUR BRANDS 6 Australia & New Zealand Direct to Customer Australia Partner to Industry Australia Wholesale Provider Clear and targeted go-to-market brand structure supporting all customer segments. For personal use only
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GROUP VISION & VALUES To be the leader in Security and Security-related services for Businesses, Homes, Families, and Individuals in Australasia. We will do this by providing the best professional service at the best value, with the latest technology available anywhere. T R A N S P A R E N C Y We have the courage to be honest and share information, taking accountability for our actions. I N C L U S I VE N E S S We respect and trust one another, regardless of our differences. E X C E L L E N C E We strive to be leaders with a commitment to continuous improvement & celebrating our successes. 7 For personal use only
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8 FY2025 RESULT - GROUP FINANCIALS For personal use only
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9 Strong and improving P&L ➢ Adjusted EBITDA is $38.4m +19.3%, with an EBITDA Margin of 22% ➢ Non-recurring items of $20.5m (see slide). ➢ Amortisation is impacted by non-cash ADT acquisition effects (see slide). ➢ Finance costs increased over prior year but set to fall dramatically in FY26 ➢ Tax calculation under review, awaiting final technical advice ➢ Profit before abnormal items and amortisation up 84% on FY24 * EBITDA in FY24 included 11 months ownership of ADT, and former capitalisation policy. ** Includes acquisition costs, refinance, integration costs and Signature impairment PROFIT & LOSS OVERVIEW P&L Summary FY24 1H25 2H25 FY25 Revenue $m 121.8 80.8 94.1 174.9 Gross Profit $m 56.9 30.6 36.6 67.2 Adjusted EBITDA* $m 32.6 17.5 20.9 38.4 EBITDA margin % 26.8% 21.7% 22.2% 21.9% Depreciation (and leases) $m 3.8 4.1 Operating EBIT $m 28.8 34.3 Amortisation (and customer contracts) $m 14.0 18.4 Abnormal items** $m 12.8 20.5 Finance Costs $m 16 19.5 Tax (expense) $m -0.2 3.4 Reported Profit/Loss $m -13.8 -15.0 Profit/Loss before abnormal items and amortisation $m 13.0 23.9 For personal use only
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Reconciliation to Statutory accounts EBITDA OVERVIEW 10 EBITDA Reconciliation FY25 FY24 Reported EBITDA $m 26.9 19.9 Per Statutory accounts Impairment of receivable $m 2.9 1.9 Impairment of acquired receivable on review Impairment of assets $m 4.4 0.4 Impairment of Signature Security assets on review Business acquisition and integration and refinancing costs $m 3.8 7.8 Various costs relating to the acquisitions, and the refinancing of the balance sheet. Included is redundancies and restructuring costs for the period and the costs of separating ADT from JCI’s systems (now complete) Loss/(gain) on sale of investment $m 0 1.3 The sale of AIS had incurred a headline loss, however, the long- term wholesale agreement that was been entered into makes this a technical adjustment in the boards’ opinion Share based expense $m 0.9 1.4 The vesting of shares granted to the MD as part of LTI has contributed to a booked non-cash increase in costs, related to the share price. These shares are fully diluted in the share base presented Adjusted EBITDA (rounded) $m 38.4 32.6 For personal use only
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Reconciliation to Statutory accounts DEPRECIATION & AMORTISATION OVERVIEW 11 Depreciation & Amortisation reconciliation FY25 FY24 Depreciation & Amortisation in cost of services $m 15.8 10.1 As reported Depreciation and amortisation expense $m 6.7 7.6 As reported Total Depreciation and Amortisation $m 22.4 17.7 Split into: (per note 7 of financial report) Business depreciation $m 0.7 0.4 Core stay in business CAPEX Lease depreciation $m 3.4 3.3 Cost of leases amortised Depreciation (management accounts) $m 4.1 3.8 Subscriber assets $m 4.2 2.9 A mixture of contracted pre-IMG sales, and ADT Care customer growth Intangible amortization (non-cash) $m 14.2 11.1 Non-cash amortization of acquired brand and customer book Amortisation (management accounts) $m 18.4 14.0 Total Depreciation and Amortisation $m 22.5 17.7 For personal use only
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12 Stable balance sheet ready with refinancing achieved ➢ Cash position of $24m ➢ Gross Secured Debt of $89.4m, Adj Net Debt of $62.7m. ➢ Net Debt to Adjusted FY25 EBITDA of 1.6x ➢ Debt: New NAB facility in place from 17th March 2025. 15% pa interest rate falls to <7%pa. ➢ A further acquisition facility of $35m is available. ➢ Inventory growth includes prepayments for Sybersense inventory and acquisition activity ➢ Working capital lifted by $3.2m BALANCE SHEET Balance Sheet Summary FY24 FY25 Cash $m 25.6 24.0 Receivables $m 22.8 23.9 Inventory $m 5.2 9.0 Property, Plant & Equipment $m 16 22.9 Goodwill $m 77.7 87.1 Other Assets $m 7.1 99.4 Total Assets $m 154.4 186.5 Accounts Payable $m 20.2 21.9 Debt $m 79.2 85.0 Other liabilities $m 27.5 39.1 Total Liabilities $m 126.9 146.0 Equity $m 27.5 40.5 For personal use only
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13 Significant improvement in operating cashflows before non-recurring costs ➢ The business generated underlying operating cash flow of $31.1m pre-non-recurring costs +49.5%. ➢ FY25 included non-recurring cash items of $20.5m ➢ Include DVL & KOBE acquisition and equity raise costs of $2.4m ➢ Final JCI Transition costs of $0.5m ➢ General restructuring costs of $0.9m ➢ Refinancing debt expenses, including PIK, early repayment of payment plans, and other costs of $12.4m ➢ Impairment of Signature Security in the first half ~ $4.3m ➢ Capex of $10.4m. ➢ $7.9m of this relates to NZ 3G & medical alarm upgrades (sold as operating leases). * Acquisition, refinancing, and restructuring costs ^ AAG, ACG, DVL and KOBE # All Capex inclusive of business use PPE CASHFLOW OVERVIEW 13 Cashflow Summary FY24 1H25 2H25 FY25 Operating Cashflows $m 8.1 1.9 8.7 10.6 Non-recurring costs* $m 12.7 5.6 11.2 20.5 Operating Cashflows before Nonrecurring costs $m 20.8 7.5 19.9 31.1 Investing Cashflows $m 61.7 22.4 10.9 33.3 Includes Acquisitions^ $m 43.2 17.2 5.7 22.9 Capex# $m 18.5 5.2 5.2 10.4 For personal use only
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GROUP STRATEGY & GROWTH For personal use only
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CORPORATE STRATEGY 15 Developing a unique comparative advantage 1. Invest in our monitoring platform & people 1 2. Unique scale, reach and technology attracts large-scale customers and industry partners 3. Improves profitability and cashflow 4. Reinvested into growing our comparative scale advantage and rewarding our stakeholders 2 4 3 For personal use only
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16 MARKET OPPORTUNITY Revenue $2.3bn Source: IBISWorld (September 2024), IMG (July 2025) IMG has 4.5% market share and is the third largest player. IMG addressable market Revenue $9bn Security System Installation and Monitoring industry in Australia Today Employees 10,784 Wages $964.0m Businesses 1,664 Profit $172.3m Profit Margin 7.5% IMG Opportunity Key factors driving growth: ➢ Population and urbanisation: Australasia’s electronic security market is growing steadily, driven by infrastructure projects, urban expansion, and rising security concerns. ➢ Shift to Smart, Cloud-Based Surveillance: Businesses are rapidly replacing legacy systems with IP-based, cloud-connected video solutions for scalability, mobility, and integration. ➢ Potential for Remote Monitoring: Labour shortages and 24/7 security needs will fuell growth in Monitoring-as-a-Service, especially in construction, logistics, and rural sites. ➢ AI & Video Analytics Adoption Rising: Organisations increasingly seek intelligent surveillance — facial recognition, LPR, behavioural alerts — to move from passive to proactive security. ➢ Underserved SME & Regional Markets: Significant opportunity to penetrate under protected sectors (SMBs, agriculture, remote infrastructure) with affordable, connected solutions. IMG is targeting to capture 25% - 30% market share within the next 3–5 years, driven by strong growth in access control, intelligent surveillance and remote monitoring solutions For personal use only
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IMG COMPETITIVE ADVANTAGE Reach - National Coverage Extensive presence across Australia ensures a unique and consistent service delivery, rapid response times, and support for multi-site clients. Trust - Standards-Driven & Certified IMG is looking beyond compliance—leveraging our industry leading ISO 9001, ISO 45001, ISO 27001, and ASIAL-certified frameworks not just as benchmarks, but as active systems to deliver the most trusted outcomes in quality, safety, and data protection. Approach - Advanced Monitoring Capability Our scale allows us to invest in AI-powered video analytics, remote monitoring, and virtual guarding—backed with unique A1/R1A certified monitoring centres. These advantages, built on scale and company values allow us to deliver proactive, intelligent security solutions that set our brands apart across Australasia. 17 For personal use only
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ATTRACTIVE MODEL New Installation – New Customer Ongoing back to base Monitoring Services & Maintenance New Installation - Existing Customer Upgrade on Existing Customer Site Customer Lifetime: ➢ Residential & Small to Medium Business – 7yrs ➢ Commercial & Enterprise – 15 yrs 10% Revenue in FY25 18% Revenue in FY25 New customers typically convert into long-term, recurring revenue relationships through ongoing monitoring, service contracts, and system upgrades. 18 (Options for video monitoring, virtual patrols, and AI-driven alerts) 45% Revenue in FY25 15% Revenue in FY25 12% Revenue in FY25 For personal use only
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19 TWO KEY GROWTH FOCUSES Looking to grow in growing markets Commercial & Enterprise ✓ Return ADT Commercial to a $130M+ revenue business, up from ~$55M today ✓ Prioritise growth in access control solutions as a core offering ✓ Position ADT as a technology-driven business built on a strong security foundation Video Monitoring ✓ Expand video guarding and virtual patrols and improve response accuracy and reduces false alarms ✓ Shift the business from traditional alarm-based systems to proactive, technology-led solutions ✓ Create new recurring revenue opportunities through monitored camera installations. We will go after these growth areas directly, and also with our valued Partners (Signature Security) and Wholesale (IMS) customers in order to leverage the full scale of the opportunity, for all. For personal use only
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20 EXTENDING OUR COMMERCIAL & ENTERPRISE GROWTH POTENTIAL WESTERN ADVANCE (WAPL) ACQUISITION For personal use only
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IMG COMMERCIAL BUSINESS OVERVIEW Industries we serve Our Brands Snapshot of Customer base ❖ Mining ❖ Government & Public Sector ❖ Education ❖ Manufacturing & Industrial ❖ Commercial Real Estate ❖ Energy ❖ Transportation ❖ Retail ❖ Healthcare and Many More… 21 For personal use only
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ACQUISITION OVERVIEW ➢ Transaction Value: $4.5m cash consideration, subject to customary working capital, cash, and debt adjustments at completion. ➢ Price reflects a 3x EBITDA Multiple of last 4 years average EBITDA. ➢ Acquisition completion Q1 FY26; financial contribution to be recognised in FY26. ➢ Fully funded from operating cash flows. ➢ Business Profile ❖ Established in 1999, headquartered in Western Australia with 14 full-time employees. ❖ Leading supplier of advanced security systems across government, mining, industrial, retail, and commercial sectors. ❖ Strong, long-term reputation within the oil & gas industry, servicing major operators in the Australian market. 22 For personal use only
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Western Advance provides its clients / customers with commercial security solutions, including the design, provisions, engineering and installation of complete security solutions tailored to the needs of high risk, commercial sites. STRATEGIC RATIONALE - WAPL Entry Into a New Industry Vertical ❖ Acquisition provides IMG with direct entry into the oil and gas sector, a critical infrastructure market with high barriers to entry. ❖ Strengthens IMG’s positioning as a provider of mission-critical, enterprise-grade security solutions. Expanded Service Portfolio ❖ Adds specialised explosion-rated, long-range surveillance systems designed for hazardous environments. ❖ Broadens IMG’s offerings across video surveillance, access control, PSIM, and advanced analytics. ❖ Enhances integration with IMG’s existing monitoring and IoT platforms to deliver end-to-end security solutions. Broadened Capabilities ❖ Enables IMG to service high-risk, high-value facilities under stringent compliance and regulatory requirements. ❖ Establishes capability in industrial-grade surveillance and access management, complementing residential and commercial solutions. ❖ Elevates IMG’s credibility as a security partner for critical infrastructure and enterprise clients. Strategic Growth Opportunity ❖ Creates a new revenue stream in an adjacent, high-margin industry. ❖ Diversifies IMG’s client base and reduces reliance on traditional residential and SME markets, while expanding Commercial/Enterprise. ❖ Positions IMG for long-term growth by opening doors to oil, gas, and broader industrial security contracts. 23 For personal use only
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❖ Strategic Focus: Operations on Australia’s West Coast centered on Oil & Gas / Energy, driving strong Revenue and EBITDA growth in recent years. ❖ Diverse Industry Coverage: Serving Oil & Gas, Aviation, Defense, and Law Enforcement sectors with specialized solutions. ❖ Proven Track Record: Over 25 years supplying custom-built surveillance, CCTV, and personnel tracking solutions to every major Oil & Gas development in Australia. ❖ Critical Infrastructure Expertise: Delivering comprehensive threat detection solutions across high-value and sensitive sites nationwide. ❖ Comprehensive Solutions Portfolio: ▪ CCTV (hazardous and standard environments) ▪ Public Address / General Alarm / Emergency Warning systems ▪ Access Control / PSIM ▪ Perimeter Monitoring ▪ Critical Event Management ▪ CCTV Analytics ❖ Trusted Clients: Woodside, Chevron, Inpex, BP, Perth/Brisbane/Adelaide Airports, and MIRRAT. ❖ Capability Strength: Integrating advanced technology with tailored service to support operational continuity, safety, and compliance. Western Advance (West Coast) Overview West Coast Revenue Per Division FY25 ($AUD) WAPL - BUSINESS OVERVIEW 14 Full Time employees 24 6,010,560, 43% 32,741, 0% 375,971, 3% 26,212, 0% 57,807, 1% 7,383,312, 53% Commercial Security ComSec West Aviation Defence Law Enforcement Oil & Gas For personal use only
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25 25% 5% 22% 23% 10% 15% Secured Pipeline Distribution by Sector Airport/Transport Construction/Manufacturing Data center Education/Health Finance Mining/Resources FY26 PROBABILITY WEIGHTED COMMERICAL PIPELINE (PRE- WAPL) $36.6m Revenue Pipeline Overview ✓ Key high value project wins anticipated in FY261H with 3-5yrs deliverable timelines. ✓ Expecting a 14% in revenue growth from AU in comparison to FY25 ✓ Expecting a 19% in revenue growth from NZ in comparison to FY25 25 For personal use only
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26 VIDEO MONITORINGFor personal use only
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27 Turning a Camera into a Security Guard or Supervisor VIDEO MONITORING OPPORTUNITY Key benefits to IMG Recurring Revenue from Monitoring: Converts one-off camera installations into ongoing income. Upsells current market: Large existing security camera market across Australia and NZ —over 3 million installed— presents a strong base for upselling monitoring services. Grows market size: Rising customer interest in smarter, real-time security solutions fuels demand for video services. Lifts existing Retention & Upscale: Existing customers see better value and longer relationship Comparative advantage. No one else has the scale, highly credentialed operations (A1R1 rooms) and delivery capability 27 For personal use only
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28 HIGHLY EFFECTIVE SOLUTION Active monitored site —keeping a vigilant eye on potential threats and ensuring the safety of our customers>300 >30 Confirmed arrests have been made—swift, efficient, and effective. Police respond faster to verified events, equipped with critical video evidence >11 On average each month, attempted burglaries are prevented before they occur—saving our customers thousands in potential damages and asset losses. For personal use only
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FY25 SUMMARY ➢In FY25 IMG began to cement the platform for accelerating growth using our unique scale and technical advantages built up over the past 3 years. ➢In FY25 we began to showcase the positive power and effect that our technology and approach can have on Businesses, Communities and Individuals, with over 30 apprehensions of criminal activity alongside the Police. ➢The Commercial pipeline has grown strongly, and the acquisition of WA will allow us to further deepen our reach in the Commercial Security services market ➢IMG expects to report improving profit in FY26, with guidance to be given at the AGM in November 2025. 30 For personal use only
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31 Get in touch Dennison Hambling Managing Director dhambling@theimg.com.au +61 418 173 232 Shenin Singh Head of Business Intelligence ssingh@theimg.com.au +61 437 953 017 For personal use only