This presentation contains not only a review of operations, but also some forward looking statements about Rakon Limited and the environment in which the company operates. Because these statements are forward looking, Rakon Limited's actual results could differ materially.
Although management and directors may indicate and believe that the assumptions underlying the forward looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the forward looking statements will be realised.
Media releases, management commentary and investor presentations are all available on the company's website and contain additional information about matters which could cause Rakon Limited's performance to differ from any forward looking statements in this presentation. Please read this presentation in the wider context of material previously published by Rakon Limited.
All figures are presented in New Zealand dollars unless otherwise indicated. All comparisons are to the prior
corresponding period (12 months to 31 March 2022) unless otherwise noted. Refer to note 4 of the FY2023 audited consolidated financial statements for an explanation of how 'Non-GAAP Financial Information' is used, including a definition of 'Underlying EBITDA' and reconciliation to net profit after tax (NPAT).
1
FY23 highlights
Delivery of all milestones in 3-year growth plan and commenced dividends
Highest ever core revenue +16% growth
Stable margins maintained across core markets
India manufacturing facility - opens in June
Dividend declared and Dividend Reinvestment Plan
All FY23 growth milestones achieved in 3-year plan
$10.7m borrowings repaid
2
Strong core business growth offsets chip-shortage revenue impacts
Financial result reflects investment in future growth and inflationary pressures
Rakon Limited published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 21:42:59 UTC.
Rakon Limited is a global technology company that designs and manufactures advanced frequency control and timing solutions for a range of applications. Its segments include New Zealand (NZ), France/India, France HiRel, Timemaker Group (T'maker), and All other segments (Other). The NZ segment designs and manufactures products for telecommunications, global positioning and defense markets. The France/India segment designs and manufactures products for the telecommunication market. The France HiRel segment designs and manufactures products for the space and defense markets. The T'maker segment produces crystal blanks. The Other segment includes Rakon Financial Services Limited, Rakon UK Holdings Limited, and Rakon Investment HK Limited. Its India facility in Bengaluru contract manufacture products. They also design and manufacture products for the local Indian defense, aeronautics and space markets. Its core markets are telecommunications, space and defense, and global positioning.