34
Disruptive Democratised Geospatial Technology Investment Presentation July 2015 www.takor.com.au

Disruptive Democratised Geospatial Technology · PDF fileNote 1: 2013, December, Industry Recap, Geospatial World Magazine, Volume 4 Issue 5 Investment Highlights 9 July, 2015 For

  • Upload
    lehuong

  • View
    220

  • Download
    0

Embed Size (px)

Citation preview

Disruptive

Democratised

Geospatial Technology

Investment PresentationJuly 2015

www.takor.com.au

Disclaimer

This presentation has been prepared by Takor Group Pty Ltd (“Company”). It does not purport to contain all the information that a prospective investor may require in

connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as

financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy,

completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or

provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your

own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the

information at any time in its absolute discretion (without incurring any obligation to do so).

Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person

or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and

Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory

legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the

maximum extent permitted by law, expressly disclaimed and excluded.

Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and

should not be used in isolation as a basis to invest in the Company.

Future matters

This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company.

Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on

which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors,

many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers,

employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be mater ially different from those expected,

planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant

or represent that the actual results, performance or achievements will be as expected, planned or intended.

US disclosure

This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit

of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“Securities Act”). The Company’s shares have not been, and will not be, registered

under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US

person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers.

For ASX Release 39 July, 2015

Takor Company Profile

For ASX Release 49 July, 2015

A leading Australian geospatial and disruptive location based technology company founded in 2009, offering proprietary products to enterprise clients and consumers.

Proprietary geospatial technology provides businesses

and consumers with intelligence by capturing, utilising and

analysing all types of spatial or geographical data available

in the market.

The Company operates two flagship products, which have

been developed and commercialised: Mappt® and Kojai™

The Company also holds yet to be commercialised Remote

Sensing (RS) datasets and Thermal Imagery capabilities.

Disruptive mobile

mapping

application

Location based

social sharing

application

Kojai

Note 1: 2013, December, Industry Recap, Geospatial World Magazine, Volume 4 Issue 5

Investment Highlights

9 July, 2015 For ASX Release 5

Market • Large, high growth industry worth over US $100 billion per annum in global revenue and projected to

grow by 10-15% per annum1

• Accelerating corporate activity boosts confidence in the commercial potential of the geospatial industry,

including recent US $966 million acquisition of Waze by Google

• Applications of geospatial technology across all industries (utilities, social, mining & energy,

environmental, government, defense)

Technology • Takor’s proprietary geospatial technology provides business and consumer intelligence to its users via

capturing, utilising and analysing all types of geographical data available in the market

Products • Two flagship products have already been developed and commercialised:

– Mappt® – a mobile mapping app that changes the way field data is collected, already used across 83

countries

– Kojai™ – a location based social sharing app, growing rapidly in the US and Europe, with plans for an

on-ground presence in Silicon Valley within next 12 months

Clients • Mappt® clients including Samsung, Sino Steel, USGS

People • Highly credentialed board and management team

Opportunities • Several further high growth opportunities and products identified

Capital

Structure

• Strong cash position to pursue growth opportunities

• Founder and CEO incentivised via revenue related performance rights

Capital Allocation A$m %

Staff Capacity & Capability 1.5 33

Sales & Marketing 0.9 20

Technology & R+D 0.8 18

Costs of the offer 0.4 8

Working capital 0.9 21

Total Funds applied 4.5 100%

Cash on hand at March 2015 1.5

Funds raised under the Offer 3.0

Total Funds available 4.5

Capital Structure (pre-consolidation basis)

Existing Bone shares on issue 257,796,569

Shares issued to Takor Vendors 387,000,000

Shares issued to transaction negotiators 60,085,797

Shares issued in the Capital Raising (at $0.01) 300,000,000

Total shares outstanding 1,004,882,366

Market capitalisation at Capital Raising price A$10.0m

Cash A$4.5m

Enterprise Value A$5.5m

Employee options issued to Takor employees 20,000,000

Performance shares at listing2 350,000,000

Existing options3 32,059,017

Use of Funds Capital Structure

Note 1: To be issued under the ESOP terms TBA

Note 2: 175 million shares issued upon the achievement of $1.5m in revenue in any 12 month

period and 175 million shares issued upon the achievement of $5m in revenue in any 12 month

consecutive period

Note 3: Exercisable at 3.0 & 4.0 cents per share, expiring on 31/12/2016

Shareholder Split (post-transaction)

25.7%

38.5%

6.0%

29.9%

Existing shareholders

Takor vendors

Negotiator shares

Capital Raisingshares

Capital Raising & Capital Structure

9 July, 2015 For ASX Release 6

Board & Management

For ASX Release 79 July, 2015

Ivan Gustavino

Chairman & Non-

Executive Director

Elect

• Co-founder of Atrico with over 25 years of experience in

technology company growth and transactions

• Particularly active advising industrial and spatial technology

companies such as Surpac (Dassault Systèmes), Maptek, Encom

(Pitney Bose Inc.), Intierra (SNL), MIS (Trimble Inc.), among others

Guy Perkins

Non-Executive

Director Elect

• Mr Perkins has over 25 years experience in the global geospatial

industry including in several key management positions at ESRI,

MapInfo, ER Mapper, Hexagon, NearMap, 1Spatial and currently

sits on the board of Spookfish Ltd (ASX:SFI)

• Mr Perkins is an active participant in the geospatial community and

was a founding director of the Australian Spatial Information

Business Association (SIBA)

Amir Farhand

CEO & Founder

• Has over 15 years of experience in geospatial technologies and

applications in various markets combining these disciplines with

information technology in the fields of source coding, application

design, system management and in-stream business operations

• Mr Farhand has also written and co-authored several technical

papers in the field of satellite imaging and geospatial technology

What is Geospatial Technology?

• Geospatial technology affects almost every aspect of life:

– from navigating, farmers miners through to social media

• Google Maps and Google Earth first to unleash the power of geospatial technology to the

masses almost 10 years ago

• From your from the air, to the introduction of smartphones, geospatial technology changed

forever

• Additional metrics and applications became quickly evident:

– ‘cool’ imagery to data enabling

• Geospatial technology:

– next generation of the language of business and consumer metrics

• It will not only dictate efficiency, but also distribution and re-use of almost all forms of

acquired data in the future

• With biotechnology and 3D printing = the 3rd chapter of technology advancement in the

next 20 years – it is set to explode!

9 July, 2015 For ASX Release 8

Putting Geospatial into Perspective

• Historical advances in infrastructure:

– Postal Service

– Rail, Road & Highways

– Electricity

– Telecommunications

– Internet & Cellular Networks

….Geospatial!

• So what is Geospatial infrastructure?

– Its satellites

– Its planes with special cameras

– Its drones

– Its driver-less cars

…. all the way down to your mobile phone and its GPS

• We are poised for the significant augmentation of geospatial infrastructure

9 July, 2015 For ASX Release 9

Benefits and Uses

• Supports a wide range of businesses, government and community activities, and the use and re-use of

this information has significant productivity-related benefits

• Helps solve complex problems, decision making processes and service delivery

Current State of Play

• Geospatial technology can be directly compared to the mobile phone market in the

early 1980s

• Comparatively, it can be separated into 3 periods:

– Early adopters and market education

– Increased coverage and access

– Disruption of price and democratisation of hardware

• Geospatial however is different in that it forms the additional layer since for the last 25

years has been focused around data acquisition (i.e. satellites have become higher

resolution, prices have dropped, more datasets are available)

• However, we are now about to embark on the data enabling period which is parallel to the

last 5 years since smartphones and miniature GPS has become available

• Democratisation of all this captured data is what is missing from the geospatial industry

“ “We are only storing 30% of the captured data in the world, so the data which

we are sorting needs to be not only stored more intelligently but it needs to be

better managed, enabled and accessed by better platforms.

Steven Hagan (Vice President Development - ORACLE)

9 July, 2015 For ASX Release 10

Welcome to the Future ‘Where’…

Every single feature on

a satellite or aerial

image is mapped and

extracted allowing for

pixel accuracy mapping

You will know when (or

if) your luggage is

coming out of the

carousel

Drones will deliver

packages to your home

or even walk your dog

according to a specified

track or geofence

Which aisles are the

specials located?

Where exactly is the

item I need?

By 2017 a whopping

20% of all search on the

internet will be ‘where’

queries*

All that drone imagery,

Where will it all go?20%

9 July, 2015 For ASX Release 11

Source: Google Report, 2014

Market Opportunity: Size and Timing

For ASX Release 12

Mobile Mapping SolutionsSocial Media &

Big Data Analytics

Remote Sensing &

Thermal Imaging

Subset of US$ 6 billion per

annum GIS software market

Over US $20 billion of valuations

in last 2 years

Expected to growing to US $5

billion by 2020

Sources: Market Analysis Oxera, 2015

9 July, 2015

Democratisation of cheap

hardware means software is

accessible to more people,

creating a perfect storm of

opportunity

Global geospatial industry is

valued at over US$100billion

with growth rates of 30% per

annum

− Geospatial World 2013

Increasing applications of

geospatial technology:

automated cars, retail, disaster

management, home security

and military uses

KEY MARKET OPPORTUNITIES

Takor is a ‘data enabler’ with products targeting each of these segments

• Geospatial industry is dominated by Hexagon AB & Trimble

• Hexagon A$20B market cap / Trimble A$8B market cap

• High valuations for recent Geo-spatial M&A’s

Recent Data Points (Acquisitions)

US Acquisitions

$900M DigitalGlobe

$966M Google

$500M Google

Australian Listed Geospatial companies

$200M market Cap

$50M market Cap

9 July, 2015 For ASX Release 13

Key Milestones to Date

For ASX Release 14

Scantherma

formed

2009

Becomes

authorised

FLIR reseller

for thermal

imaging

cameras

2010

R&D into field

mobile

mapping

technologies

commences

2011

R&D into

aerial thermal

imaging

systems

2012 Apr

2013

Mappt beta is

released for

Android

Oct

2013

Mappt is

released on

Google Play

Mar

2014

Kojai beta is

released on

iOS

Apr

2014

Commissioned

to assist with

search for

MH370

Mar

2015

Over 2,000

downloads of

Mappt in 83

different

countries

Apr

2015

Scantherma

renamed to

Takor

May

2015

Takor initiates

RTO of Bone

Medical

(ASX:BNE)

9 July, 2015

Initial Takor Products

1. Mappt®

2. KojaiTM

9 July, 2015 For ASX Release 15

Mappt® Overview

• User acceptance. Used in 83 different countries

• User base represented by numerous large

organisations including:

For ASX Release 16

KEY FEATURES

Fast, simple & accurate

field data processing

Low cost of entry

Functions completely

offline – no need for WiFi,

3G/4G

Ability to load unlimited

ECW and JP2 format

imagery

Data agnostic

Embedded GPS tracking

No service charge or cloud

service lock-in

Thematic mapping

capabilities

Measurement tools

9 July, 2015

Please Click to Play Video

Mappt® − Target Audience

Mappt® currently has clients

spanning the following

industries:

• Local government

• Asset management

• Mining & exploration

• Engineering

• Agricultural

• Environmental & conservation

• Cultural & heritage mapping

• Education & training

• Statistical data collection

For ASX Release 179 July, 2015

• Assisted in development of the Roy Hill mine, rail

and port facilities

• Projects required ground-truthing land disturbance

accurately and in real-time

• Good digital GIS data enabled verification and

management of data on site, making the work

more efficient

• Having pre-defined project areas digitally on

devices meant any new information captured

could be transferred back without wasting time on

data entry

• Mappt® provided a flexible solution as it was easy

to use with little or no training required

• Project ensured no historical or heritage sites

were disturbed

• Customised version of Mappt® made especially

for helicopter mounted incendiary systems

• Mappt™ can be configured to ‘talk’ to hardware

• Currently no system exists which can offline track

not only the position of the aircraft, but also vital

metrics for deployment of incendiary capsules

• Accurate information collected in real-time and

exported via Gmail or Google Drive

• Simplicity of use meant all stake holders were

easily engaged - leading to better results

• Mappt® proved to be invaluable and disrupted the

current procedure for bushfire back burning

Mappt® − Case Studies

For ASX Release 189 July, 2015

Mappt® Growth Strategy

Targeting 20% of mobile GIS market by 2018

For ASX Release 19

Develop &

release

Mappt®

Software

Development

Kit (SDK)

Increase

Mappt®

user base

Distributor

arrangements

Establish

foothold in the

education

market

Sales to key

high profile

global

organisations

Continuing development of Mappt® features

9 July, 2015

Mappt® − Commercialisation

For ASX Release 209 July, 2015

White Labelling

• Custom versions Mappt® -

white-labelled for each client

paying an agreed license fee

Licensing model

• Two-tier license for each

installation (Standard $660 vs.

Professional $990)

• For educational institutions, an

‘enterprise’ based license

scheme which allows for

multiple licenses within a single

institution

• Licensing of the Software

Development Kit (SDK) on a

minimum revenue payment and

profit sharing basis

Kojai™ Overview

• Location based social media app for Apple’s iOS.

• Allows users to geo-tag photos and posts for Twitter

and Facebook to share moments and places with

friends

• Provides a unique visual sharing experience −

earned it an App Store rating of 4.5 stars

• In beta Kojai™ has proved popular with over 20,000

users in 20 countries globally

• Takor will be committing development expenditure

focusing on resourcing the further expansion of this

product into these key user markets

For ASX Release 21

KEY FEATURES

Easy sign up for

Facebook users

Adds spatial dimension

to the social media

experience

Photos taken outside of

cellular network, can still

be posted in Kojai™

using the phone’s in-built

GPS

Custom ‘tag’ − allowing

areas that are otherwise

not catalogued by

Google Maps, Facebook

or Twitter to be tagged

Privacy mode

9 July, 2015

Kojai™ − Growth Strategy and Target Users

9 July, 2015 For ASX Release 22

Target Users

Address commercial opportunities to generate revenue from improved client and app services

Expansion to Android platform – Q4 2015

Target marketing roll out to Europe and North America to build the user base including office in San Francisco – Q3 2015

Upcoming Releases in Kojai™

Server rewrite and architecture

update

Improve user login and

registration

Convert database to ‘geoaware’ database

Automate server

architecture & deployment

Enable push notifications to the end

user

Redesign & performance

upgradesActive: Facebook

(1.44 billion MAUs)

and,

Active: Twitter (302

million MAUs)

users

Males and females

aged between 16

and 35

Travellers

Phone

photographers

Kojai™ − Commercialisation Strategy

While Kojai™ is a free app there are a number of potential routes to generate

revenue from the service:

For ASX Release 239 July, 2015

Advertising

Based on user

preferences / history

for location based

events and items of

interest

Ability to target user

via geospatial

intelligence

Commissions

On transactions

initiated through

Kojai™ for:

• Buying tickets to

events of interest

or in the local area

• Commission on

vouchers using

geofencing

Data mining

Capabilities and

targeted search

Other information

related to the

locations, such as

financial data, user

patterns and trends

££

Focused Group Strategy for Rapid Growth

For ASX Release 249 July, 2015

Expand adoption of its mobile mapping platform, Mappt®, via SDK

opportunities

Targeted market expansion for adoption of Kojai™ in North America

and Europe

Commercialise Kojai™ user base and Remote Sensing datasets and

Thermal Imagery products

Develop R&D pipeline focusing on data acquisition and processing

technologies to be served via both Mappt® and web based platforms

Expand market share in key target verticals locally and overseas,

leveraging off key technology platforms

Expand adoption

of mobile

platforms

Market expansion

of KojaiTM

Further

commercialisation

Develop R&D

pipeline

Expand market

share

Development Pipeline

For ASX Release 25

Mappt®

• Develop and release Mappt® software

development kit (SDK) for Mappt®

• Increase user base on the Android platform

• Establish distributor arrangements

Kojai™

• Improvements to Kojai™ performance

including: architecture update, registration

process, convert database to ‘geoware’, push

notifications and client app design

Global remote sensing datasets and thermal

imaging

• Integration of the datasets into online portal

• Continue processing of unprocessed datasets

• Creation of new datasets for natural resource

exploration

• Acquire additional remote sensing datasets of

areas of interest and process these for

incorporation into a dataset package.

Mappt®

• Establish foothold in the education market

• Sales to key high profile organisations

Continuing development of Mappt® features.

Kojai™

• Target marketing roll out to Europe and North

America

• Expansion to Android platform

• Address commercial opportunities to generate

further revenues

Global remote sensing datasets and thermal

imaging

• Continue processing of unprocessed datasets

• Creation of new datasets for natural resource

exploration

• Acquire additional remote sensing datasets of

areas of interest and process these for

incorporation into a dataset package.

9 July, 2015

2015 2016

Merger & ASX RTO

USE OF FUNDS

Staff capacity & capability

• Additional staff to further assist in development of

Takor product suite

Marketing

• Growth of the Takor’s brands (Kojai™ and Mappt®)

• Focus on high value-return and performance based

marketing for core technologies

Sales

• Drive advocacy sales in key international markets

• Build the sales pipeline for thorough identification of

high value market opportunities

Technology R&D

• Expand R&D for development of new geospatial

technologies

• Constant improvement of existing products

9 July, 2015 For ASX Release 26

ASX RTO

• Planned Merger and ASX RTO

with Bone Medical (ASX:BNE)

announced May 2015

• Raising A$3m to fund rapid

product marketing and growth

• Re-listed company will have

~$4.0m in cash on hand.

• Mkt cap of ~A$10m.

• Relisting anticipated for

Aug/Sept 2015

APPENDIX 1

• Takor Background & History

• Applications of Geospatial Technology

• Peer Analysis

• Traction to Date: Mappt®

• Further Opportunity − Remote Sensing Data Sets

9 July, 2015 For ASX Release 27

Takor Background & History

• Started out as Scantherma in 2009

• Initially focused on using satellite imagery for iron ore exploration with clients

such as FMG, BHP and Sino Steel

• Government and industry funded mineral exploration datasets in nations

including Australia, Uzbekistan, Tajikistan, Indonesia, China and Peru

• In late 2009, pioneered a unique RADAR algorithm for mineral exploration

• This technique has now become an accepted procedure for mapping geological

structures in dense tropical landscapes

• In 2011 and 2012 initiated R&D into field mobile mapping technologies and

thermal imaging systems

• Commissioned in search for missing Malaysian airline MH370 in April 2014

• Renamed to Takor in April 2015

9 July, 2015 For ASX Release 28

Takor Background & History (cont’d)

• Takor’s proprietary geospatial technology provides business and consumer

intelligence to its users via capturing, utilising and analysing all types of

geographical data available in the market

• Operates in the large and growing geospatial industry

• Two proprietary applications have already been developed and commercialised:

Mappt® and Kojai™

• Mappt® has a wide range of users in 83 different countries, with a tier one clients

including Samsung, Sino Steel and USGS

• $3 million capital raising planned to accelerate growth through enhanced staff

capacity and capability, targeted marketing campaigns and further investments in

technology and research and development

• Highly credentialed board & management team with vast experience in the

geospatial industry

9 July, 2015 For ASX Release 29

Applications of Geospatial Technology

9 July, 2015 For ASX Release 30

Utilities & Infrastructure Business Applications Mining & Resources

Energy distribution Marketing Exploration

Telecommunications Targeted advertising Commodity identification

Logistics & transport Search Geological mapping

Security & Defense Property Services Environmental

Intelligence gathering Real estate Conservation

Emergency planning Land titles Animal welfare & tracking

Infield combat Urban developments Wildfire management

Aviation & Safety Insurance Government

Navigation Disaster recovery Planning

Drone delivery Compliance Asset management

Compliance & assurance Active warnings Asset tracking

Peer AnalysisMobile Accessibility, Our Key Differentiator

9 July, 2015 For ASX Release 31

Geospatial / Location

IntelligenceThermal Imaging Mobile

Digital Mapping /

Geospatial Imagery

(Desktop)

Mappt® − Traction to Date

For ASX Release 329 July, 2015

0

500

1000

1500

2000

2500

3000

Do

wn

load

s

Google

Play

Release

SEO

Program

Initiated

Formal

presentation

to industry

Further Opportunity − Remote Sensing Data Sets

Takor currently holds over 34TB remote sensing (RS) datasets already processed

to create a broad reaching archive of satellite data covering across globe

The RS datasets held by Takor can be used for a variety of applications including:

For ASX Release 33

Intellectual Property

The datasets are processed and completed by Takor. The ownership becomes

the IP of Takor and can be on-sold to clients and end users.

9 July, 2015

Mining &

exploration

Oil & gas

exploration

Environmental

managementAgriculture

Utilities and

infrastructure

Local, State

and Federal

government

Thermal Imagery

Takor has completed thermal mapping of Perth and South-West Australia

Applications of Thermal Imagery:

• Heat mapping for urban planning

• Energy usage & diagnostics

• Vegetation health

• Real estate

• Bushfire management

• Targeted advertising

• Mineral exploration

9 July, 2015 For ASX Release 34

Disruptive

Democratised

Geospatial Technology

Andrew Frazer (Lead Manager)

Email: [email protected]

Phone: +61 9 6141 6300

9 July, 2015 For ASX Release 35

Amir Farhand (CEO)

Email: [email protected]

Phone: +61 400 972 365