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.
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