FY19 Results Presentation Straker Translations (ASX.STG) 28 May 2019
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FY19 Results Presentation
Straker Translations
(ASX.STG)
28 May 2019
1
Straker is a world leading A.I.
data driven language translation
platform powering the global
growth of businesses
!2
OUR ADVANTAGE THROUGH PROPRIETARY RAY PLATFORM 3
Delivering what we promised
Key operational achievements Key technology achievements
Acquired three strategic bolt-on businesses Built new platform connectors including Magento
where we now have the industry leading plugin
Completed IPO, raising $20m (gross proceeds) for RAY translator workbench version 4 released
growth initiatives
100 Billion new A.I. data points collected
Setup Hong Kong Office focused on lucrative Asian
Legal market
New translator workbench using A.I.
driven translator selection
Using our unique technology advantage to push
into enterprise customers
Exceeded Prospectus FY19 forecasts
!4
Exceeded Prospectus FY19 forecasts
44% $25.8m
YoY revenue Proforma
growth revenues
($0.48m) 12.6%
Organic revenue
Proforma growth
adjusted
EBITDA
83% $17.7m 52.4m
Repeat Revenue
Cash at bank Words
Translated
!5
Successfully acquiring and integrating
strategic acquisitions
MSS EULE
$6.4m
Enterprise customer access Enterprise customer
with larger footprint in access with larger
Spanish market with easy footprint into Europes
integration given location to largest market. $4.8m
Straker team in Barcelona.
Kiel
Barcelona COM
$1.6m
Key entry into the fast- $2m
growing audio visual
market for localisation.
Access to major media
Total Revenue of
companies in US/Europe acquired companies
per calendar year 2016 2017 2018 2019
Madrid
Eurotext Elanex MSS COM
EULE
!6
FY19 delivered a strong
financial performance
!7
CONTINUED TO DELIVER STRONG GROWTH
44% YOY Revenue
Growth (NZ $m)
54%
26
Repeat Revenue
44% 24.6 Actual 44% Growth
23
23.5 Prospectus 38%
21
55% 14%
18
Gross Margins Operating
17.0 Up 0.4% on a Cashflow
15 constant currency
basis improves by
FY-18 FY-19 14% YoY
YoY revenue growth of 44%, driven both strong Adjusted EBITDA margin of -0.6%
with adjusted EBITDA loss
organically and by acquisition contributions improving by 89% on FY-18
Note: Based on
statutory results
8
Exceeded Prospectus Forecast Pro-forma Pro-forma Prospectus PF ^ PF ^
FY18 FY19 FY Mar-19 v FY18 v Prospectus
Revenue 23.42 25.81 24.89 10.2% 3.7%
Revenue growth of 10.2%, driven organically from
enterprise customers in EMEA and APAC Gross Margin 12.71 14.08 13.96 10.8% 0.8%
Gross Margin % 54% 55% 56% 0.3% -1.5%
Revenues ahead of Prospectus
Forecast by 3.7% Operating Costs (14.24) (14.61) (14.47) 2.6% 1.0%
Other Income / Costs 0.01 0.06 (0.02)
Gross margin 55%, up 0.7% on FY-18 on a constant
Adjusted EBITDA (1.52) (0.48) (0.53) 68.8% 9.9%
currency (CCY) basis, due to leverage gained from
processing further work via Ray platform Adjusted EBITDA Margin % -6.5% -1.8% -2.1% 4.7% 0.3%
D&A (0.37) (0.47) (0.44)
Gross margin down on prospectus forecast by –1.1% on Adjusted EBIT (1.90) (0.95) (0.97) 50.0% 2.2%
CCY basis, due to delays of integrating additional work via
workbench and due to the mix of work processed Adjusted EBIT Margin % -8.1% -3.7% -3.9% 4.4% 0.2%
Costs under control and up by 2.6%. Scale benefits
flowing with cost growth below revenue growth
rate
Adjusted EBITDA loss of ($0.48m) ahead of
Prospectus Forecast by 9.9% and improving by
69% on FY18 Note: Earnings adjusted for non recurring costs and amortisation on acquired
intangibles. Excludes Com acquisition which was not included prospectus forecast
Adjusted EBIT loss of ($0.95m) ahead of !9
Prospectus Forecast
Operating Cashflow
Pro-forma Pro-forma Prospectus PF ^ PF ^
FY18 FY19 FY Mar-19 v FY18 v Prospectus
Adjusted EBITDA (1.52) (0.48) (0.53) 68.8% 9.9%
Improves 30% YoY Non-cash items in EBITDA 0.05 - -
Non-operating expenses (0.24) - (0.06)
Changes in working capital 0.27 (0.53) (0.51)
Operating cashflow ahead of Operating cash flow (1.44) (1.01) (1.10) 29.8% 8.2%
prospectus forecast Payments for capitalised software
(0.66) (0.80) (0.72)
development
Payments for plant & equipment (0.11) (0.06) (0.04)
Straker continues to invest in the RAY platform, with IPO costs - -
15% of total costs R&D related and of this $0.8m is Free cash flow (2.20) (1.86) (1.86) 15.5% -0.1%
capitalised Income tax paid 0.07 0.12 0.22
Net interest income / (expense) 0.03 (0.04) 0.02
Payment of deferred consideration - - -
DSOs strong at 63 days
Ordinary shares redeemed (3.08) - -
Proceeds from issue of shares 11.27 - -
Cost of share issue (0.49) - -
Closed with $17.7m in bank and in strong
Net cash flow 5.59 (1.78) (1.61) 131.7% -10.0%
position to fund growth strategy
Cash & cash equivalents 7.8 17.7
DSO 57 63
DSO: Days Sales Outstanding
!10Well placed to continue
growth trajectory
!11TECHNOLOGY INVESTMENT IN OUR PLATFORM
We have made significant investments in our technology and R&D
We have more than 20 highly efficient
Setup an office in Gisborne to give talented
technology staff. Currently looking to grow
staff with families a lifestyle choice location
tech team by 20% in FY20
A.I. driven customer and translator
52m words translated, 100 billion A.I. data segmentation engines built and deliver A.I.
points added to platform driven process decisions with 95% accuracy
R&D investment focused on increasing margins,
Platform has scaled effortlessly as load simplifying content flow, unique offerings for
has increased with growth Enterprise customers and speed of integration
of acquired companies.
12THE INDUSTRY THAT WE OPERATE IN
70
66B Industry Size USD$
56B
52.5 Forecast to reach 66 Billion by 2022
47B
43B 2018 - 2022 CAGR 7%*
40B
35 37B
35B
33B
The translation industry
facilitates trillions of dollars
17.5
of global trade annually
0B
0
2013 2014 2015 2016 2017 2018 2021 2022
*nimdzi 2018 Language services market analysis
13OUR GROWTH STRATEGY
Five Point Growth Strategy
Winning new Increased
Transactional Integration into
enterprise penetration with Acquisitions
Revenue content platforms
customers existing customers
Straker raised funds at its October 2018 IPO to continue its inorganic growth strategy and
the acquisition of COM Translations is the continued execution of this strategy
14ORGANIC GROWTH
Winning new Transactional Integration into Increased penetration
enterprise customers revenue content platforms with existing customers
• Secure large volume • Provides cash flow • Directly market to • Winning new divisions
enterprise customers benefits platforms’ broad of existing customers
customer bases
• Straker invested in • Drives smaller jobs
• Expanding our
global enterprise sales that provide a range
• Continue to invest in relationships into
team over the previous of ancillary benefits new integrations / other geographies we
two years
• Driven by online refining the have a presence
advertising and integrations
• 20 enterprise
salespeople across content marketing
seven countries • Medium term revenue
targets
• Using our data-driven
unique platform
benefits
15ACQUISITION OPPORTUNITY
Fragmented Industry Increase EBITDA % Templated Acquisition Structure
Language services market revenue – over
18,500 language service providers • Improve the target’s gross • Compounding gains on
margins each acquisition
Top 100 service providers =
15% including Straker • Grow target’s customer • Dedicated integration
base and revenues team
15%
• Cost synergies • Standard approach to
negotiation
• Geographical footprint
• Continuous
• Economies of scale identification and
engagement of targets
85%
16ACQUISITION STRATEGY
The focus of our acquisition strategy is on Asia Pacific (specifically Japan and Australasia), USA, Spain, DACH region,
Benelux and the UK. In all these regions (outside of Benelux) we have well functioning business units making integration
easier and faster which will have the flow effect of getting operating leverage from our technology earlier.
Benelux
20 We estimate the total revenue of all the acquisition targets
we have identified and validated as being around $1.5bn
AP Germany Revenue range of target companies between $3-15m
21 26
Spain
51
Majority of targets being below the $10m revenue range
USA Focus still on companies doing majority of translation
UK
120 55
Some potential in profitable audio-visual localisation related companies
17KEY PRIORITIES FOR FY20
Work on using our data-driven approach to win new enterprise customers especially around the need for
translation data within A.I. engines
Rationalise our global infrastructure as we grow and leverage economies of scale
Focus on simplifying content on-ramps
Continue to proactively look for quality bolt-on acquisitions
Simplify the integration of acquisitions
18Appendix
!19PRO FORMA REVENUE BY REGION
Revenue mix in EMEA and APAC increase slightly in FY19
FY-18 Composition FY-19 Composition
13% 14%
36% 34%
51% 52%
APAC EMEA NAM APAC EMEA NAM
Includes recent acquisition COM Translations
20FY-19 PRO-FORMA REVENUE GROWS BY 10.2%
Pro-forma revenues including COM increase to $27.4 (NZ$m) Growth driven organically largely by repeat base (83% of mix) (NZ$m)
FY-19 Pro-forma Revenue Growth FY-19 Pro-forma New v Repeat Growth
26 30
25.8
10.2%
24.5 25 14.2% 4.4
3.9
23
23.4
20 21.4
9.4%
19.5
21.5 15
20 10
FY-18 FY-19 FY-18 FY-19
Proforma Repeat
21Year on Year Pro-forma Pro-forma
FY18 FY19
PF ^
v FY18
PF ^
v Prospectus
Performance Improves
Adjusted EBITDA (1.52) (0.48) 68.8% 9.9%
Non-operating (0.29) (0.05)
EBITDA (1.82) (0.53) 70.9% 9.9%
EBITDA Margin % -7.8% -2.0% 5.7% 0.3%
D&A (0.37) (0.47)
After adding back non-operating costs, Straker
Amortisation on Acq Intangibles* (0.38) (0.68)
has an EBITDA loss of ($0.53m), up 71% on prior
EBIT (2.57) (1.68) 34.4% 2.4%
year and ahead of prospectus forecast EBIT Margin % -11.0% -6.5% 4.4% 0.4%
Including amortisation on acquired intangibles
the EBIT loss is ($1.7m), up 34% on FY-18 and up
on prospectus forecast
Note: The company has recently valued customer relationship assets acquired from
MSS and Eule. As a result, there is an additional $303k of amortisation on acquired
Pro-forma Reconciliation to non- intangibles included in the results that was not forecast in the prospectus. The
prospectus forecast has been updated accordingly.
adjusted performance FY-19
!22Statutory Financials Stat Stat Stat ^
FY18 FY19 v FY18
Revenue 17.03 24.59 44.4%
Revenue growth of 44% on prior
Gross Margin 9.29 13.43 44.5%
year, driven by both acquisitions and
Gross Margin % 55% 55% 0.0%
organic activity
Operating Costs (10.72) (13.67) 27.5%
Other Income / Costs 0.01 0.08
Gross Margin 55%, up 0.4% on FY-18 on a Adjusted EBITDA (1.43) (0.16) 88.8%
constant currency basis Adjusted EBITDA Margin % -8.4% -0.6% 7.7%
D&A (0.31) (0.46)
Costs up by 27% due to impact of acquisitions Adjusted EBIT (1.73) (0.62) 64.3%
and due to investment in sales and R&D Adjusted EBIT Margin % -10.2% -2.5% 7.7%
Acquisition costs (0.20) (0.59)
Adjusted EBITDA loss of ($0.16m) up 89% on
Non-operating (0.24) (2.12)
FY18
EBITDA (1.86) (2.88) -54.9%
EBITDA loss of ($2.88m) includes cost of IPO and EBITDA Margin % -10.9% -11.7% -0.8%
acquisition costs D&A (0.31) (0.46)
Amortisation on Acq Intangibles* (0.38) (0.68)
EBIT loss of ($4.02m) down -58% on prior year EBIT (2.54) (4.02) -58.3%
due to above plus increased D&A costs EBIT Margin % -14.9% -16.3% -1.4%
Net Financing Costs 0.91 (0.46)
Net loss before tax of ($4.48m) after absorbing
PBT (1.62) (4.48) -176.1%
FX losses on proceeds of IPO
Note: Excludes COM acquisition for one month.
!23Stat Stat Stat ^
Statutory Financials Cont.. Adjusted EBITDA
FY18
(1.43)
FY19
(0.16)
v FY18
88.8%
Non-cash items in EBITDA 0.05
Non-operating expenses (0.24) (0.17)
Operating cashflow improves 14% Changes in working capital 0.37 (0.73)
on prior year Operating cash flow (1.24) (1.065) 14.0%
Payments for capitalised software development (0.63) (0.74)
Underlying operating cashflow -$0.7m up 57%* Payments for plant & equipment (0.05) (0.10)
Free cash flow (1.92) (1.90) 0.7%
Capitalised $0.74m of development costs Payments for acquisitions of subsidiaries (0.20) (2.75)
Investing Cash Flow (0.20) (2.75) 1308.0%
Proceeds from issue of shares 11.27 20.07
Invested $2.75m in acquisitions Ordinary shares redeemed (3.08)
Cost of share issue (0.54) (3.25)
Payment of deferred consideration (1.00) (1.56)
Successfully Executed IPO and raised net $16.8m Financing Cash flow 6.65 15.27 129.5%
Net cash flow 4.54 10.62 133.9%
Financed $1.56m of deferred consideration on
prior acquisitions
*Note: Excludes Com acquisition for one month.
!24Stat Stat
Financial Position Cash & cash equililants
FY18
7.8
FY19
17.7
Trade receivables and accruals 2.0 3.9
DSOs increase to 67 days Other current assets 1.2 1.4
Total Current Assets 11.0 22.9
Closed with $17.7m in bank and in strong
Intangibles 5.1 10.3
position to fund growth
Non current assets 0.1 0.2
Total Non Current Assets 5.2 10.5
Trade payables and accruals 2.3 3.1
Deferred consideration 0.8 1.3
Other current assets 0.2 0.8
Total Current Assets 3.3 5.2
Deferred consideration 0.9 1.8
Total Non current liabilities 0.9 1.8
Net Assets 12.1 26.4
DSO 55 67
!25STATUTORY TO PRO-FORMA RECONCILIATION
Actual Actual Prospectus
FY18 FY19 FY19
Statutory revenue 17.03 24.59 23.48
Less: impact of Com. acquisition not in prospectus - (0.19) -
Net impact of MSS acquisition 3.25 0.49 0.49
Net impact of Eule acquisition 3.15 0.92 0.92
Po-forma revenue 23.42 25.81 24.89
Statutory Adjusted EBITDA (1.43) (0.16) (0.20)
Less: impact of Com acquisition not in prospectus - 0.01 -
Net impact of MSS acquisition 0.48 0.00 0.00
Net impact of Eule acquisition 0.12 0.06 0.06
Incremental public company costs (0.70) (0.39) (0.39)
Pro-forma Adjusted EBITDA (1.52) (0.48) (0.53)
Non-operating expenses (0.29) (0.05) (0.06)
Pro-forma EBITDA (1.82) (0.53) (0.59)
26STRAKER’S INVESTMENT PROPOSITION
• Huge US$47 billion addressable market opportunity
Huge Global TAM
• Industry is growing at over 7% pa
• Artificial Intelligence driven platform using more than 500 billion data points
Unique Technology • Proprietary “RAY Ai Translation Platform”
• Enterprise grade, end-to-end cloud-based platform that allows human translators to deliver
faster and more accurate translations via the capture of vast amounts of data and meta data
Global Customers Large and diverse customer base – approximately 8,400 customers serviced in FY18
88% of revenue is international
Industry High Gross
Leveraging efficiency gains and improved economics from Strakers’ online platform
Margins
27The Problem
The speed of content change is
also increasing and traditional
Global content is expanding translation providers cannot
at an exponential rate and deliver to customer timeframes
traditional translation
processes cannot deliver at
scale for customers
Content is moving into online
systems and customers need
solutions to automate the content
flow for translatable content
It’s easy for companies to now push
into multiple regions but the cost of
large volume content into multiple
languages is prohibitive
!28WHERE WE DO IT
UK/Europe
North America 76 Staff
52% Revenue Asia
14 Staff
6 Staff
34% Revenue
3% Revenue
Australasia
38 Staff
11% Revenue
Straker Group Revenue by region
post COM acquisition
29HOW WE DO IT
We have a built a unique technology platform (RAY Ai) to leverage the advances in A.I and
big data to give us a strong competitive advantage in the US$47 billion translation industry.
A.I Data driven
Automation of translation Crowd of more
Global sales and
the content process using than 12,000
solutions team
process more than 500 professionals
Billion data points
30REVOLUTIONARY DATA-DRIVEN PLATFORM
Data-driven Data-driven Data-driven Data-driven Data-driven
Speed Quality Production value security
Using big data to
Rather than process Using data to Being able to offer Using data to
train machine
driven quality streamline the alternative provide security and
learning engines,
control we can use production process structures for confidentiality to
and give insights
machine learning to by using previous pricing and projects even if
into human
identify all the project data to delivering projects using a remote
efficiency and
variables to ensure identify the most workforce
continual
quality at the start efficient method of
refinements
of the project processing a job
31WHAT SUCCESS HAS PROVEN
In 2011 we were the first company to develop a data driven approach to translation.
We have redefined how the translation process works and
aligned it to the business requirements of today
Unique Variable cost solutions that
83% of revenue
Industry High solutions for base and give us tight
is repeat
Gross Margins world leading efficient use of relationships
customers
companies capital with customers
32WHAT WE DO
Straker helps leading Straker helps major
technology companies finance institutions
streamline and scale the deliver quarterly market
ability to communicate reports in multiple
across regions languages
Straker works with major
e-commerce providers to Straker enables global
localise their product media companies to
websites into multiple provide content in multiple
languages languages across multiple
platforms
Straker provides leading Straker enables
global manufacturers with thousands of SME’s to
the ability to easily push out cost-effectively cross
new products into multiple border trade without
markets language as a barrier
33COMPANY HISTORY
Acquired
*$NZD FY19 Forecast Pro-forma Revenue COM
$24.9m*
IPO
Acquired
Acquired MSS
Elanex
Bailador Acquired
Investment EULE
Acquired $11.8m
Eurotext
Barcelona
Technology Company production $8m
centre Full Time
Multi-lingual Google driven Employees
Content Management growth
$3m
Software for websites 30 80 140
$1m
1999 - 2010 2011 2013 2015 2017 2019
34Board of Directors
Phil Norman Grant Straker Tim Williams Katrina Johnson Steve Donovan Paul Wilson
Independent Non-Executive Chairman Founder and Managing Director Independent Non-Executive Director Independent Non-Executive Director Non-Executive Director Non-Executive Director
▶Tim was appointed a Non-Executive ▶Katrina was appointed a Non- ▶Steve was appointed a Non- ▶Paul was appointed a Non-
▶Phil was appointed the Non- ▶Prior to founding Straker in 1999,
Director of Straker on 24 June 2015. Executive Director of Straker on 3 July Executive Director of Straker on 1 Executive Director of Straker on 22
Executive Chairman of Straker on 13 Grant served in the British Army as
2018. December 2004. September 2015.
January 2014. an elite paratrooper.
▶He founded ValueCommerce Co. ▶Katrina has over 15 years of
▶He was the founding chairman of Ltd in 1996. ▶He is a former partner of Ernst & ▶He is a co-founder of ASX listed
▶As a co-founder of Straker, Grant specialist in-house legal experience
Young. He qualified as a Chartered Bailador Technology Investments
Xero Limited, one of New Zealand’s has extensive experience in the within technology
▶Tim is one of the original pioneers Accountant in the UK and has (which is a major shareholder of
most successful listed technology language translation market.
in the Japanese internet and companies, including executive operated within the IT and finance Straker). He has had extensive private
companies, and retired from Xero’s
▶Grant was appointed to the board advertising industry. His vision and leadership and board member roles. industry in New Zealand for a equity investment experience as a
Board in July 2012 after five years’
on 21 December 1999. record of achievement are number of years. director of CHAMP Private Equity in
service.
demonstrated by the success and ▶Katrina joined Uber in April 2015, Sydney and New York, with MetLife in
▶Phil’s other current director roles ▶Grant’s wide ranging technical, growth of ValueCommerce Co. Ltd. after spending 12 years with the eBay ▶Steve has significant experience as London, and as executive director at
sales and business skills, combined Tim founded ValueCommerce, an group of companies in Australia and a director and investor in the SME
include the Independent media focussed investment group,
with his strong entrepreneurial drive, Internet affiliate marketing company, the United States. She now leads sector in New Zealand, including a
Chairmanship of Loyalty New Zealand Illyria.
have placed him in an ideal position selling a 49% stake to Yahoo Japan in Uber’s Legal Team for Asia Pacific and Finance Director role at accounting
Limited (New Zealand’s largest loyalty
to help accelerate the growth of 2005. Subsequently in 2007, is a member of Uber’s APAC Regional software provider, Greentree ▶Paul is a director of SiteMinder,
company and operator of Fly Buys),
Straker. ValueCommerce was listed on the Leadership Team. Software Group, which was sold to Stackla, Yellow (NZ), the Rajasthan
Chair of NZX listed Plexure Group
Tokyo Stock Exchange. MYOB in 2016. Other current Royals IPL cricket franchise and ASX
Limited (NZX:PLX) (a marketing
▶Grant is a member of the NZ ▶Katrina is also an independent non- directorships include, Buro Seating listed Vita Group Limited.
services software company) and
Institute of Directors. ▶Tim is also a Director of The executive director of Trade Me Group Limited (office chair wholesaler) and
Chair of AUT Ventures Limited (the
Icehouse, The University of Limited, and a member of its Audit New Zealand Pure Dairy Products ▶Paul holds a Bachelor of Business
commercialisation arm of AUT
▶Along with Merryn Straker, Grant Auckland’s technology incubator, and and Risk Management Committee. Limited (infant formula (Banking and Finance), from
University).
was the winner of the 2018 master is a General Partner in The Icehouse manufacturer). Queensland University of Technology
category for NZ Entrepreneur of the linked fund Tuhua Ventures, which ▶Katrina holds a Bachelor of Arts and is a Fellow of the Financial
▶Phil is a past Chairman of the New
Year. invests in high-growth start-ups in and Bachelor of Laws (Hons) from ▶Steve is Straker’s former Chief Services Institute of Australia, a
Zealand Private Equity and Venture
New Zealand. Macquarie University, and a Graduate Financial Officer and has been Member of the Institute of Chartered
Capital Association and was for six
Diploma of Legal Practice from the working with technology companies Accountants of Australia and a
years a member of New Zealand
Trade and Enterprise’s New Zealand
▶Tim holds a Bachelor of Science College of Law, New South Wales. across a range of industries. Member of the Australian Institute of
(Hons) in molecular genetics from the Katrina is a member of the Australian Company Directors.
Beachheads Advisory Board. ▶Steve holds a Bachelor of
University of Canterbury. Institute of Company Directors.
Economics from the University of
▶Phil holds an MBA from the
Lancaster and is a qualified
University of Auckland and is a
!35
Chartered Accountant and a current
Chartered Member of the New
member of the Institute of Chartered
Zealand Institute of Directors.
Accountants in England and Wales.Executive Team
Grant Straker
Founder and Managing Director
David Sowerby Haydn Marks Indy Nagpal Merryn Straker Kim Andrews
Chief Revenue Officer Chief Financial Officer Chief Technology Officer Chief Operating Officer Chief People Officer
As per above ▶David was appointed Chief Revenue ▶Indy was appointed Chief Technology ▶Merryn was appointed Chief Operating
▶Haydn was appointed Chief Financial ▶Kim was appointed Chief
Officer in 2008 and is based in Ireland. Officer in October 2016. Officer in 2005. Officer in 2000. People Officer in 2013.
▶He was an early investor in Straker ▶With more than 18 years’ financial ▶He has over two decades of ▶She was a co-founder of Straker.
and has supported the growth of the experience in the information ▶Prior to joining Straker, Kim
management experience, Haydn has worked in the
business globally since the foundation technology industry, during which he ▶Prior to co-founding Straker, Merryn
worked telecommunications industry for
of the Company as a translation has consulted and worked for a range of worked as a marketing executive in the
in and around the technology sector, in 16 years
provider. companies across the globe. pharmaceutical industry.
London, for global companies such as
Temenos (software), Credit Suisse and ▶She is a board member of the Cerebral and has a strong background in
▶David is responsible for global revenue ▶At Straker, he is responsible for
including building out the team that Visa Europe, as well as PKF (advisory) in Palsy Society of New Zealand with leadership, HR and credit
architecting and maintaining a reliable,
engages with customers, lifting the NZ. NZ$28 million worth of assets and a management.
scalable and secure platform. This
brand profile of the Company across includes building a robust team, web board member of Te Tiro Toi
▶He has a keen interest in all ▶Kim was in the HR Leadership
active markets and ensuring newly application development, database Whakangaio, a NZ Government backed
commercial aspects of the business,
acquired staff are retained. Maori Technology business initiative. team at Vodafone prior to joining
including pricing and contract management, data analytics, hardware,
Straker.
negotiations, is involved in planning, network and security systems.
▶David has an MBA from Trinity College, ▶Merryn has a Bachelor of
Dublin. board reporting, capital raising, cash Management Studies (majoring in
▶He has a Masters’ degree in Applied
management and compliance. management and HR) from Waikato
Psychology and a Post Graduate
Diploma in Internet Management. University.
▶He is a member of the Institute of
Chartered Accountants Australia and
New Zealand and holds a Bachelor of
Business from Massey University.
!36DISCLOSURE STATEMENT
This presentation is given on behalf of Straker Translations Limited ASX:STG (Company number NZ: 1008867 / AU: ARBN 628 707 399)
Information in this presentation:
• Is for general information purposes only, and is not an offer or invitation for
purchase, or recommendation of securities in Straker Translations Limited
All information in this presentation is current at 28 May 2019,
(Straker)
unless otherwise stated.
• Should be read in conjunction with, and is subject to, Straker’s latest and prior
All currency amounts are in NZ dollars, unless otherwise stated.
interim and annual reports, including Straker’s Appendix 4E Preliminary Final
Report for the period ended 31 March 2019, and Straker’s market releases on
the ASX
• Includes forward-looking statements about Straker and the environment in
which Straker operates, which are subject to uncertainties and contingencies
outside of Straker’s control - Straker’s actual results or performance may differ
materially from these statements
• Includes statements relating to past performance, which should not be
regarded as a reliable indicator of future performance
• May contain information from third parties believed to be reliable; however, no
representations or warranties are made as to the accuracy or completeness of
such information, and
37Investor call
Contact
An investor call regarding the Company’s FY19 results will be held
today at 10:30am Australia Eastern Time (12:30pm New Zealand
Standard Time).
For those wishing to dial into the call, please dial your respective
local number below and provide the conference ID 10000399 to the
operator:
AUSTRALIA TOLL/INTERNATIONAL +61 2 9007 3187
AUSTRALIA TOLL-FREE 1 800 558 698
NEW ZEALAND TOLL-FREE 0800 453 055
www.strakertranslations.com
Grant Straker
CEO
grant@strakergroup.com
Ronn Bechler
Market Eye
ronn.bechler@marketeye.com.au
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