nasdaq : imte june 2018 · 6/18/2018 · • honorary citizen of wuxi 2015 • asian social caring...
TRANSCRIPT
NASDAQ : IMTEJUNE – 2018
1
FORWARD LOOKING STATEMENTS
This presentation contains certain statements that may include "forward looking statements." All statementsother than statements of historical fact included herein are "forward-looking statements."
These forward looking statements are often identified by the use of forward-looking terminology such as"believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although theCompany believes that the expectations reflected in such forward-looking statements are reasonable, they doinvolve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should notplace undue reliance on these forward-looking statements, which speak only as of the date of this pressrelease. The Company's actual results could differ materially from those anticipated in these forward-lookingstatements as a result of a variety of factors, including those discussed in the Company's periodic reports thatare filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). Allforward-looking statements attributable to the Company or persons acting on its behalf are expressly qualifiedin their entirety by these factors. Other than as required under the securities laws, the Company does notassume a duty to update these forward-looking statements.
2Private and confidential
IMTE AT A GLANCE
3
Integrated Media Technology (IMT)
A technology investment company
listed on Nasdaq(NASDAQ: IMTE)
Marvel Digital Limited (MDL)
A high-tech company engaged in the development of glasses-free 3D
display technology
GOXD TechnologyLimited (GOXD)
An MDL subsidiary for carrying out sales and
distribution of consumer products
Private and confidential
• Engaged in the investment, development and commercialization of visual
technology, with a focus on glasses-free 3D display technology
• Acquired Marvel Digital Limited in 2015, the principal business in IMTE today
• 33 registered patents and an additional 11 patents pending worldwide
• Headquartered in Hong Kong with regional offices in Australia and China
consisting of approximately 45 staff and consultants
• Listed on Nasdaq in August 2017 under the symbol “IMTE”
CORPORATE HISTORY AND TIMELINE
4Private and confidential
CORPORATE TIMELINE
2013
IMTE founded in Australia
2015
IMTE acquires all shares of Marvel Digital Ltd
(MDL)
IMTE officially lists on the Australian Securities
Exchange
2015
2015
Company moves headquarters to Hong
Kong
Dr. Herbert Lee becomes IMTE
Chairman and CEO
2017
2018
IMTE delists from the Australian Securities
Exchange
IMTE officially lists on Nasdaq
2008
Commenced glasses-free 3D technology development for the
digital advertising sector
IMTE focuses on commercialization of glasses-free 3D technology into products and
services
IMTE completes development of entire glasses-free 3D display
ecosystem including hardware and software for all markets
IMTE’s plan is to make glasses-free 3D displays available for the
consumer market
2000’s 2010’s NOW 2020’s
NASDAQ LISTING
5Private and confidential
INVESTMENT HIGHLIGHTS
6Private and confidential
1
3
4
5
2
Disruptive Solution for Autostereoscopic Display (ASD) Technology
• Autostereoscopic (glasses-free 3D) display technology with outstanding 3D image quality
Multiple Business Avenues to Drive Strong Long-term Growth
• Video wall and digital signage product lines for commercial customers
• Consumer products including digital picture frames, TVs, smartphones and tablets
• Content conversion software for professional video editing
Proprietary Technology Creating Barriers to Entry
• Developed custom ASIC chip for performing glasses-free 3D functions
• Participating in the development of the China 3D Standard
• Advanced manufacturing techniques to achieve near 100% yield
Revenue and Profitability
• Signed revenue contracts in 2018 for video walls and 3D displays worth approximately US$11.8 million
• Profitable in the last 3 financial years (12-31-2015, 12-31-2016, 12-31-2017)
Experienced Board of Directors and Senior Management Team
CAPITAL MARKETS SNAPSHOT
Closing Price (US $)** $18.20
52 Week High Traded (US $)** $44.00
52 Week Low (US $)** $1.85
50 Day Avg. Daily Volume** 144,188
Market Capitalization (US $)** $48,126,938
Shares Outstanding 2,643,611
Insider Ownership* 56.48%
Fiscal Year 31 December
7Private and confidential
**Source: www.nasdaq.com at market close – 06-13-2018
*Insider ownership includes executives and board members
(Source: www.nasdaq.com at market close – 06-13-2018)
SENIOR MANAGEMENT TEAM
Chief Executive Officer
Dr. Lee has 17+ years ofextensive business experiencein technology management and3D auto stereoscopy.
Under Dr. Lee’s guidance andthrough continual striving todeliver the best possibleproducts and services, IMTE hasbecome a leading name in the3D industry.
Chief Financial Controller GOXD OperationsVice President of Operations Head of R&D
8Private and confidential
Mr. Wong brings 10+ years ofexperience to the IMTE team inproduct branding anddevelopment, winning severalproduct design awards.
He is responsible for productstrategy development, productmanagement and productmarketing of GOXD’s productsand services.
Dr. Ng has more than 10 yearsof experience in the 3Dphotography, autostereoscopicdisplay and 3D TV fields.
He has served as IMTE’s R&DProject Director since 2013 andhas published more than 30papers in international journals.
Mr. Yiu has 20+ years of generalmanager experience, workingfor companies in the US,Korean, Japan, Taiwan and HongKong.
He is responsible for overallmanagement of IMTE to set upsales targets, budgets, financialcontrol and profit/loss for eachbusiness division.
Mr. Lau has 10+ years ofexperience in auditing gainedfrom two internationalaccounting firms.
He oversees the accounting,finance and treasury functionsof the IMTE Group as well asinvestor relations.
Dr. Herbert Ying Chiu Lee Mr. Alson Shun Wai Lau Mr. Ellis Yiu Mr. Perry Chung Ho Wong Dr. William King To Ng
BOARD OF DIRECTORS
Chairman of the Board
Dr. Lee is a seasonedbusinessman with significantexperience in the Hong Kongand Chinese digital advertisingmarket.
Dr. Lee was awarded theScientific and TechnologicalInvention Award by CRTA foroutstanding individual, the AsiaPacific Entrepreneurship Awardand the Asian Social CaringLeadership Award amongstmany others.
Independent Non-Executive Director
Independent Non-ExecutiveDirector
Independent Non-ExecutiveDirector
Company Secretary
9Private and confidential
Dr. Chan graduated from theChinese University of Hong Kongin 1980 in Philosophy andGovernment & PublicAdministration.
He received his PhD inComputer Science from LaTrobe University in Australia.From 1988 till 1994, he taughtComputer Science at Universityof New South Wales.
Mr. Yatzis has worked and heldcompany secretary roles in anumber of Public Companieslisted on the AustralianSecurities Exchange (“ASX”).
Mr. Yatzis has served as ourCompany Secretary sinceNovember 9, 2015, supportingthe Board in respect to alladministrative and compliancematters relating to the ASX.
Dr. Joe Chan graduated from theUniversity of Hong Kong with aPhD in Computer Simulationand holds a LLB from theManchester MetropolitanUniversity.
His main research interests arein light–field imaging, bionicvision and nano-machiningmechanics. He joins the Boardas a member to advise in theareas of technology evaluationand strategic decision making.
Mr. Ingram has operated hisown Company since 1975engaged in various fields,including corporate advice andmarketing in Australia and HongKong.
In 1998, Mr. Ingram established,with Australian partners, aventure capital business,Momentum Ventures FundsLimited in Melbourne Australiainvesting in all types oftechnology companies.
Dr. Herbert Ying Chiu Lee Mr. Wilton TimothyCarr Ingram
Dr. Chang Yuen Chan Dr. Man-Chung Chan Mr. George Yatzis
CORE TECHNOLOGIES
10Private and confidential
*The IMTE group has 33 registered patents and an
additional 11 patents pending worldwide
PRODUCT ECOSYSTEM
11Private and confidential
CMS (Content Management System)
• Provide content management system for advertisers.
• Can be cloud based or server based.
Digital Signage(4K and 8K)
Provide 4K (3840 x 2160) and 8K (7680 x 4320) crystal clear images.
Content 3D Conversion Technology
• Convert different quality of 3D content for customers offline
• Cloud based auto-conversion in real time
ManufacturingTechnology
New state-of-the-art lenticular bonding technology.• Achieve almost 100% yield
rate• Lower cost of production• Ultra-Precision
manufacturing technique
2D/3D
BUSINESS DIVISIONS
12Private and confidential
Commercial
• Glasses-free 3D 4K Digital Signage
• Glasses-free 3D Video Wall
• 4K3DPro Super Workstation
• Visumotion 2D to 3D Content Conversion Software
Consumer
• MemtoTM Picture Frame
• MemtoWorldTM Online Ecosystem
• Glasses-free 3D TVs
• Glasses-free 3D Mobile Devices
COMMERCIAL PRODUCTS
13Private and confidential
GLASSES-FREE 3D 4K DIGITAL SIGNAGE GLASSES-FREE 3D VIDEO WALL
4K3DPRO SUPER WORKSTATION VISUMOTION CONVERSION SOFTWARE
CONSUMER PRODUCTS
14Private and confidential
4K GLASSES-FREE 3D PICTURE FRAME MEMTOWORLD™ MARKETPLACE
GLASSES-FREE 3D 4K TVs GLASSES-FREE 3D MOBILE DEVICES
CUSTOMERS
15Private and confidential
MARKET OPPORTUNITY
Autostereoscopic Market (China) Autostereoscopic Market (Hong Kong)
2018 2020 2018 2020
$93.9
$115.8
$200.9
$334.2
$578.8
$860.6
$19.4
$38.4
$53.5
$61.3
$91.2
$124.2
IN $USD MILLIONS IN $USD MILLIONS
Gaming
Advertising
Digital Photo Frames
Education
Medical
Other
Gaming
Advertising
Digital Photo Frames
Education
Medical
Other
$1209.1
$2184.2
34%CAGR
$227.4
$388.0
31%CAGR
Source: Frost & Sullivan report commissioned by the Group
16Private and confidential
PARTNERS AND ASSOCIATES
17Private and confidential
Hong Kong
Mainland China
ACHIEVEMENTS & AWARDS
• CRTA Scientific and Technologic Innovation Award for Outstanding Individuals 2013 & 2016
• Honorary Citizen of Wuxi 2015
• Asian Social Caring Leadership Award 2015
• Asia Pacific Entrepreneurship Award Hong Kong Under Promising Category 2015
• Hong Kong Award for Industries: Equipment and Machinery Design 2016
• Deloitte Technology Fast 20 Hong Kong Programs 2017
• Hong Kong SMEs Innovation Award 2017
• Hong Kong Electronic Industries Award: Personal Electronics 2017
• “Technology Excellence Award” Under the Outstanding Enterprise Award of Novel Laureate Series 2017
• Hong Kong ICT Awards: Smart Living 2018
• 46th International Exhibitions Of Inventions Geneva – Prize from the Romania Delegation Of The Exhibition, A Gold Medal and a Silver Medal 2018
• Hong Kong Winners 2018
18
TECHNOLOGY ROADMAP
19Private and confidential
Joint development of a new production method to achieve near 100% yield rate for better production efficiency and reduction in cost
Developing a 2nd proprietary custom ASIC Chip for cost reduction as well as added features including facial recognition and eye tracking
~ Q4 – 2018
~ Q2 – 2019
Development of 2nd and 3rd generation video wall product line which will include multi videowall cluster
~ Q3 – 2018
Continue participating in the development of the China 3D Standard with more related patents
~ Q2 – 2019
Balance SheetYear Ended
31-Dec-17AUD
Current Assets 9,198,370
Non-Current Assets 26,661,079
Total Assets 35,859,449
Current Liabilities 3,720,238
Non-Current Liabilities 16,748,877
Total Liabilities 20,469,115
Total Equity 15,390,334
Total Liabilities and Equity 35,859,449
Capital ExpenditureYear Ended
31-Dec-17AUD
Year Ended31-Dec-16
AUD
Development Projects mainly represents capitalization of salary 1,961,191 2,581,308
Property, Plant and Equipment 117,532 427,596
Investing Activity 181,287 1,089,357
TOTAL 2,260,010 4,045,261
20Private and confidential
FINANCIAL SUMMARY
Statement of Profit & LossYear Ended
31-Dec-17AUD
Year Ended31-Dec-16
AUD
REVENUE
Development, sales and distribution of 3Dautostereoscopic products and conversion equipment 4,365,364 4,732,626
Sales of software and technology solutions 1,180,491 9,085,792
Sales and distribution of audio products 54,251 111,045
Provision of consultancy and other services 162,605 207
Total Revenue from operating activities 5,762,711 13,929,670
Other Revenue 4,390,925 109,578
TOTAL REVENUE 10,153,636 14,039,248
EXPENSES (8,648,183) (8,425,241)
PROFIT BEFORE INCOME TAX 1,505,453 5,614,007
Income tax credit / (expenses) 187,213 (2,018,939)
PROFIT FOR THE YEAR 1,692,666 3,595,068
Profit per share – basic and diluted (post-reverse split) 64 cents 137 cents
Weighted average number of ordinary shares outstanding – basic and diluted 2,643,611 2,643,611
Foreign currency translation (657,314) (326,098)
Other comprehensive income for the year, net of tax (657,314) (326,098)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,035,352 3,268,970
CORPORATE PROFILE
21Private and confidential
REGISTERED OFFICELevel 7, 420 King William StreetAdelaide SA 5000AustraliaT: +61 8 7324 6018
PRINCIPAL OFFICE7/F, Siu on Centre, 188 Lockhart RoadWanchaiHong Kong
US INVESTOR RELATIONSPCG Advisory GroupAdam Holdsworth, Managing DirectorT: +1 (646) 862-4607E: [email protected]
SHARE REGISTRY – AUSTRALIALink Market Services LimitedTower 4, 727 Collins StreetMelbourne Victoria
SHARE REGISTRY – USAAmerican Stock Transfer &Trust Company LLC6201 15th AveBrooklyn, NY, 11219
AUDITOR – AUSTRALIAMoore Stephens Audit (Vic)Level 18, 530 Collins StreetMelbourne Victoria 3000
AUDITOR – USAHKCMCPA Company Limited15th Floor, Aubin House171-172 Gloucester Road, Wan ChaiHong Kong
LEGALEllenoff Grossman & Schole LLP1345 Avenue of the AmericasNew York, NY, 10105
BOARD OF DIRECTORSDr. Herbert Ying Chiu LeeMr. Wilton Timothy Carr IngramDr. Chang Yuen ChanDr. Man-Chung Chan