Best AGM in decades, everything passed unanimously. Finished within an hour.
Gen Peter Leahy was meeting Chair
DEFENCE
"Very serious growth trajectory"
"Risk Profile is Low" they are constraining growth to 50% YOY to contain risk
Deliver Risks are now low (DIFOT is good)
T2000 turret starts production next month - game changer
$580 million backlog of already won business at at 1/1/19
Counter drone systems could be $2-3 billion business alone (not in forecast) , EOS are top 3
Armies was the same software systems and user interface across small, medium and large systems as it baids their biggest cost (manpower training) EOS delivers this
"Fasten Selt Belts" Growth is huge. Will use up Australian tax losses this year. Still have US tax losses.
Will have $600m backlog by end of 2019, 45% growth
Remote Weapons Systems has no competitor that "works" EOS has dominant market share
$3 billion of tenders to be lodged in 2019 (aver half already lodged) expect decisions in 2020 and 2021
Very strong growth upside
No need for more capital raising
$350 million revenue just in existing backlog by 2021, could be $500m easily
All CAPEX is expensed not capitalised, so better for shareholders
"We have Tiger by the tail, and we created the Tiger"
SPACE
Unmatched capabilities for laser, ablation and detection
Selected a QLD site to add to ACT and WA sites. No planning to build as yet.
No 1 in space data delivery
EOS will be cash flow positive in space by end of 2019
$5 billion in directed energy market, its the cross over with Defence as they two are merging. EOS in box seat
Over next 2 years EOS will be a major defence player in this sector
EOS will be using lasers top redirect space debris from late 2019
Unique, no one else has it
EOS will have Space Management Services revenue from 2020 and its unique
EOS has invested in laser based communications (better than microwave) in the 20 TeraHertz range . No competitor, 2 years to market
EOS has own satelitte in orbit that compliments this comms business
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