*The company was originally incorporated on 9 December 2019. As such, FY20 reporting period is from the date of incorporation to 30 June 2020.
Page 3
Connected Devices to underpin future SaaS Revenues
Cumulative connected devices
223,635
only
South Korea:
196,037
• 40% of total connected
181,102
devices
• 2HFY22 per device SaaS
revenue up 50% on FY21
• per device maintenance
152,304
use
revenue now added
123,256
104,804
ersonal
89,952
75,540
63,713
50,426
53,889
Q2 FY20
Q3 FY20
Q4 FY20
Q1 FY21
Q2 FY21
Q3 FY21
Q4 FY21
Q1 FY22
Q2 FY22
Q3 FY22
May FY22
1. Q2 FY20 data is from periods when X2M subsidiaries were operated by a prior owner
Page 4
X2M Business model yields significant potential
Customer base presenting a large and growing addressable market. Existing customers giving repeat orders with zero churn validates the X2M strategy and sets the basis for future growth
Customer mix
South Korea potential
only
from existing customers
Cumulative contracted2:
$14.6m
Repeat orders
45%
TAM of existing
Initial orders
55%
customers2: $426m
use
Contracted in
FY222:
$6.6m
Revenue split by vertical
Revenue split by segment
3%
rsonale
4%
Water metering
38%
South Korea
Gas metering
China
Electricity related
Taiwan
38%
Water quality sensors
55%
Other
55%
4% 3%
1.
All charts as at 31 May 2022.
Page 5
2.
Total addressable market (TAM) and contracted values are based on a nominal per device charge of A$120.
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X2M Connect Ltd. published this content on 03 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2022 22:42:03 UTC.
X2M Connect Limited is an Australia-based technology company. The Company has developed and commercialized a patented Internet of Things (IoT) solution, which delivers productivity improvements, cost savings, and public safety to enterprise and government clients in the utilities sector. The Companyâs technology connects devices, such as water, gas, and electricity meters, and other utility sensors, to the Internet, enabling data exchange and the remote control of these devices. The Company sells hardware and monthly subscription fees under software-as-a-service arrangement. It has approximately 390,000 devices connected to its IoT platform and distributed intelligence solution, which provides real-time information and control to a steadily increasing customer base operating over multiple radio technologies. The Company is focused on servicing the utility sector in the Asia-Pacific region, where it has a number of government and enterprise customer relationships already in place.
X2M CONNECT LIMITED 