2024 Results Presentation
Released
Released
Announcement PDF
FY24
Results Presentation
29 August 2024
AI-Media Technologies Limited (ASX: AIM)
“
We successfully grew our technology revenue by 37%, driven
by the scaling of our LEXI solutions, iCap network
monetization, and encoding revenue streams. This increase in
higher margin revenue led to a 24% increase in EBITDA to
reach $4.1 million.
Tony
Abrahams
Our accomplishments this year have set a strong foundation
for future growth and the core focus for FY25 is to grow via
three strategic pillars:
Co-founder, CEO &
Shareholder (~17%)
•
Extend the leadership of AI-Media’s technology products
beyond the US market to European and Asian broadcasters;
•
Increase sales to government and enterprise customers
with tailored LEXI products; and
•
Innovate and enhance technology solutions to capture a
greater share of the emerging AI language services market
beyond captioning and translation, including LEXI Audio
Description, LEXI Voice and LEXI Dubbing.
- Tony Abrahams, Co-Founder, CEO
”
John
Bird
Chief Financial Officer
2
Continued success in executing on transformation
strategy to grow technology revenue at higher margins
100.0
Revenue composition ($m) and gross profit margin (%)
90.0
80.0
64%
60% CAGR
55%
66.2
70.0
60.0
61.8
40%
50.0
40.0
30%
30.0
32.9
20%
24.0
20.0
10.0
50%
33.3
37.8
41.8
35%
Tech revenue
60%
59.8
70%
18.0
Targeting >80%
Technology
revenue by
December 2025
10%
0.0
0%
FY22
FY23
Tech
Services
FY24
GP Margin
3
FY24 financial highlights
Total revenue1
Total gross margin
Tech gross margin
EBITDA
$66.2m
64%
85%
$4.1m
7%
4%
1%
24%
(FY23: $61.8m)
(FY23: 60%)
(FY23: 84%)
(FY23: $3.3m)
Tech revenue2
Tech gross profit
Cash balance3
Operating cash flow
$32.9m
$28.0m
$10.9m
$3.6m
37%
39%
$6.1m
3%
(FY23: $24.0m)
(FY23: $20.2m)
(FY23: $17.0m)
(FY23: $3.5m)
1.
2.
3.
FY24 and FY23 revenue from ordinary activities, excluding interest and other income
Including revenue from Hardware, SaaS & Support (excluding services) with gross margins >80%
Cash balance as at 30 June 2024 reduced mainly due to $8.1m final vendor payments from acquisitions paid in H1 FY24
4
AI-Media's unique ecosystem
Industry leading live captioning platform, providing customers with the only fully integrated solution
1
2
3
4
Video Input
Encrypted Encoding
Real-time Captioning
Captioned Video Output
Encoders and iCap network used by both customers and competitors
Live or recorded
video source via
broadcasts, events or
over-the-top (OTT)
content
Cloud, virtual, or
physical encoders
convert audio into
digital data that is sent
to iCap network
Matches captions to video
sources and provides encrypted
remote access to customer
data improving contextual
accuracy
LEXI converts speech into
text to present live captions
on any screen or platform, in
any language
5
AI solutions embedded into customer workflows
World leading captioning network, infrastructure and solutions
✓ Offered as cloud software or
hardware
✓ Pairs captions to video sources
✓ Low latency, enabling near-realtime captioning
✓ Compatible with multiple
resolutions
✓ Scalable encrypted cloud-based
network with hourly charging
implemented
✓ Global standard, servicing majority
of US broadcasters
✓ Integrated with AIM and leading 3rd
party products & solutions
✓ Proprietary speech recognition
solution
✓ Enterprise-grade accuracy >98.7%
✓ Delivers coherent captions using
advanced ML and NLP algorithms
✓ Captions multiple languages
6
AI-Media at a glance
World leading captioning network, infrastructure and solutions providing customers with the only fully integrated solution
Americas
EMEA
APAC
KEY
SOLUTIONS
CORE
SEGMENTS
Encoders
Broadcast
62% of FY24
revenue
iCap network
LEXI solutions
Government
4% of FY24
revenue
Enterprise
34% of FY24
revenue
7
FY24 regional revenue breakdown
US broadcast at leading edge of tech transition
2%
14%
16%
26%
0%
$18.2m
$43.3m
74%
$4.8m
74%
84%
Technology
Transition Revenue
10%
Services
Americas
APAC
EMEA
• Achieved significant
transformation of the
region with technology
sales 74% of total in FY24
(FY23: 65%, FY22: 54%)
• Regional priority is to grow
tech customers and
transition legacy customers
to tech solutions
• Increase in technology
revenue up to 16% in FY24
from 2% in FY23
• Tech rev growth 38% YoY
• Strong pipeline of
technology clients across
Europe
* Transition Revenue includes Services revenue that involves human participation in the delivery process, such as coordination, topic models or minor
captioning. Transition Revenue includes portion of LEXI revenue.
8
Operational
update
Sustained growth in iCap and LEXI continues
iCap network usage (millions of minutes)
LEXI usage (millions of minutes)
• From FY21 to FY24, usage of the iCap
network grew at a CAGR of 18% and LEXI
solutions usage grew at a CAGR of 77%
116.8
103.8
• LEXI revenue grew by 40% to $11m from
FY23 to FY24
88.9
• Now monetizing all 3rd party usage of the
iCap network, which includes every major
global captioning company
70.5
53.3
39.2
• Increasing encoder penetration provides
opportunities to further grow iCap revenue
and LEXI revenue
21.5
9.7
FY21
FY22
FY23
FY24
10
FY24 product milestones achieved
Product
Highlights:
Goal
Context
FY24 general & admin expenses include ~$7.5 million invested in Product Development and Engineering,
delivering the below benefits across AI-Media’s high growth technology products: Encoding, iCap and LEXI
Encoding
iCap Network & Cloud
AIM’s competitive moat begins with
encoders embedded in customers’
workflows. Encoders receive audio that
is sent to the AI transcription engines
via iCap to encode captions back for
distribution and viewing
On acquisition of EEG in 2021, access to
iCap was provided free-of-charge to
third party captioning agencies, and
uptime on the network was 99.80%
AIM’s growth is ultimately
underpinned by the quality of its AIpowered LEXI toolkit
To extend the leadership of AIM
Encoders beyond US Broadcast to
Global Broadcast and Government
1)
Monetize all iCap traffic by
implementing tolling on the
network for all third parties
1)
To increase penetration of iCap
traffic delivered with LEXI LIVE to
over 80% by December 2025
2)
Increase uptime to 99.999%
2)
To extend the LEXI Toolkit product
suite to capture more of the AI
Language TAM
Encoders were made operational in
UK, Spain, France, Romania, Finland
and ready to deploy in >50 countries
LEXI Local devices were improved for
Government functionality
LEXI
iCap traffic was 100% monetized in
2H24 with all 80 agencies signing up
LEXI Live overtook human quality in
1H24
iCap enhancements funded by tolling
increased uptime to 99.99%
LEXI DR was launched in April 2024
LEXI RECORDED launched in March
2024
11
FY24 operational highlights
AI-Media grew all technology products and realised OPEX savings from Services transition
Encoding
iCap
•
Hardware revenue grew
40% YoY (FY24 $12.8m vs
FY23 $9.1m)
•
Continued maturation of IP
video support in Alta
•
•
New SDI encoder for
unifying 4K / CCMatch / AV
features and improving
manufacturing yield/costs
Non-English customization
to improve regional
technical standards and
delivery
•
100% of iCap traffic now
being monetised with third
party iCap charging
implemented in H1 FY24
•
Stabilization and reliability
improvements on iCap
leading to a 50% reduction
in incidents
•
Enhanced software
development kit for 3rd
party partners
Note: Based on management information
LEXI
Services Transition
•
SaaS & Support revenue
grew 35% YoY (FY24 $20.1m
vs FY23 $14.9m)
•
Transition away from legacy
services successfully
continues
•
LEXI revenue totalled $11m
in FY24 (FY23: $7.8m)
•
Resulted in a reduction in
direct costs and overheads
•
Improved LEXI accuracy and
formatting, especially
speaker attribution
•
No new hires since July 2022
•
Over 35% headcount
reduction since peak
•
Ongoing changes resulting
in a significant reduction in
OPEX
•
•
LEXI DR (Disaster Recovery)
launched in February
LEXI Recorded launched in
April
12
Further LEXI growth driven by cross-selling activities
AIM continues to increase average revenue from top customers by cross selling new complimentary solutions
FY23
Contract
FY24
Contract
Total value
increase (%)
Case study 1:
Case study 2:
Case study 3:
Top 5 US Broadcaster
Major US Sports League
Fortune 100 Company
Annual Spend: $0.9m
Annual Spend: $0.7m
Annual Spend: $0.9m
Purchased: Encoders, LEXI,
Human Captioning
Purchased: Encoders & LEXI
Purchased: Encoders, Human
Captioning
Annual Spend: $1.8m
Annual Spend: $1.2m
Annual Spend: $1.6m
+ 73% YoY Encoder revenue
+ 20% YoY LEXI revenue
+ 197% YoY Encoder revenue
+ 21% YoY LEXI revenue
+ Topic Modelling
+ 50% Encoder YoY revenue
+ new LEXI customer
+ LEXI DR
+102%
+57%
+75%
13
FY24
financials
Summary FY24 financials
Strong results driven by 37% tech revenue growth at margins >80%
A$m
FY24
FY23
Variance
Growth %
Tech revenue
Services revenue
Total revenue
32.9
33.3
66.2
24.0
37.8
61.8
9.0
(4.5)
4.5
37%
(12%)
7%
Tech gross profit
Services gross profit
Gross Profit
GP margin %
28.0
14.5
42.5
64%
20.2
16.7
36.9
60%
7.8
(2.2)
5.6
-
39%
(13%)
15%
-
-
0.5
(0.5)
-
Sales & Marketing
General & Administrative
Total operating expenses
EBITDA
EBITDA margin %
12.5
25.9
38.4
4.1
6%
9.2
24.8
34.0
3.3
5%
3.3
1.0
4.3
0.8
-
36%
4%
13%
24%
-
Operating cashflow
Cash and cash
equivalents at Y/E
3.6
3.5
0.1
3%
10.9
17.0
(6.1)
(36%)
Other Income
37% Tech revenue growth, underpinned by scaling of LEXI
solutions, iCap network monetisation and other software
revenue growth
66% of Gross Profit now coming from technology
Gross Margin expansion to 64% achieved in FY24 (pcp 60%)
Sales & marketing expenditure includes a significant investment
in new sales resources and trade show attendance
G&A incudes increased investment in product resources
including development, maintenance and support of >$7.5m
in FY24 expected to exceed $8.0m in FY25
EBITDA increase of >24% to $4.1m in FY24 reflecting
improved performance as technology revenue grows
$3.6m operating cash flow signals sustained tech
business performance and scalable growth potential
Cash balance $10.9m declined due to final payouts of
$8.1m relating to EEG & ACS paid in H1 FY24
Note: Totals may not add up precisely due to rounding
15
Investment in sales and product are paying off
Sales expenses as a portion of revenue YoY
19%
45.0
40.0
15%
35.0
30.0
12.5
9.2
25.0
20.0
15.0
24.8
25.9
FY23
FY24
General & Administrative $
Sales & Marketing $
10.0
5.0
-
Sales & Marketing as % of Revenue
19%
18%
17%
16%
15%
14%
13%
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
• Overall expenditure increased by
13% from FY23 to FY24
• Sales & marketing expenditure
increased by ~36% and includes a
significant investment in new sales
resources and tradeshow
attendance
• This increase in sales & marketing
was foreshadowed in February and
is already paying for itself
• G&A incudes product development
and support of ~$7.5m in FY24
(expected to exceed $8.0m in FY25)
Forecasted Sales & Marketing
as % of Revenue
16
Cash flows bridge ($m)
Operating CF=$3.6m
(1)
(2)
(1) $8.1m final payment for EEG and ACS acquisitions paid in H1 FY24
(2) Payments for property, plant and equipment, Payments for Intangibles, Repayment of Lease liabilities
Note: Totals may not add up precisely due to rounding
17
Strategy &
outlook
AI-Media's Total Addressable Market
Aiming to extend current leadership from live closed captioning into other AI-powered language services
Language Services Market Size (Global, 2023)
$69b
$25b $25b
$1.8b
Source: Nimdzi 100 Report, 2023; Frost & Sullivan
The broader global language services market includes
Text-to-text services (translation, transcreation) and
Speech to Text (including subtitling, captioning,
transcription, dubbing)
The addressable market for AI-Media (which includes
Speech to Text and Speech To Speech services) is
estimated to be growing at 6.7% CAGR and will be ~ $25
billion by 2025. AIM is developing new AI products to
capture a larger portion of STT market opportunity
Currently servicing
The global live captioning and subtitle market is
AIM’s currently serviceable available market (SAM).
This presents an opportunity of $1.8b in 2023 at a 6.7%
CAGR
19
FY25 growth priorities
Encoders everywhere
Grow iCap Network
• Targeting new territories
• Increase encoder
penetration to grow iCap
user base
• Expansion into new
industries
• Grow channel
partnerships
• Improving scalability &
resilience of the network
• Leverage new LEXI
Toolkit releases to
broaden market appeal
• Grow iCap outside of US
with 3rd parties
LEXI Toolkit Growth
New AI-driven media
solutions driven by
Broadcast customers’
priorities:
• LEXI DR, LEXI Recorded –
launched H2FY24
• LEXI Audio Description
(LEXI AD) – launching
Sept 2024
• LEXI Live Voice Dubbing
– launching Sept 2024
Services Transition
• Continue transition of
existing human services
customers to LEXI
• Win new LEXI customers
in established broadcast
markets
• Introduce LEXI to
enterprise customers in
new markets and
territories
• Increase *NER analysis to
provide quality
assurances
*NER: Number Edition error and Recognition error is a global metric for determining quality of live captioning
20
Upcoming product launches enable AIM to strengthen
leadership position in captioning & launch into broader LSM
LEXI Live Voice Dubbing
• Iteration on NAB demo,
expect to be able to show
live in 50+ languages
• Immediate commercial
availability on at least one
encoding platform (Alta-TS)
September 2024
LEXI Audio Description
• Innovative technology to
describe contents of prerecorded video
• Automated platform
scalable delivery options
for customers at reduced
cost
Generative AI Topic Models
Improved Latency
• Learning from external
sources (web sites,
documents, past caption
transcripts)
•
Reduce live translation
and voice latency
•
Reduce live captioning
latency especially in
enterprise applications
• Learning from past LEXI
events of similar content
October 2024
November 2024
January 2025
Sound Effects
Recognition in LEXI
Translation 2.0
• Basic TV sound effects
description for regulatory
compliance
•
Re-assessment of key
technologies to focus on
Generative AI style
contextuality
• Song lyrics especially
anthems and theme songs
21
Market expansion priorities by region and segment
Broadcast
•
Target existing customer base to
increase LEXI revenue
•
Refresh cycles of old equipment
and transition from hardware to
IP
Americas
EMEA
•
LEXI Toolkit upsell to LEXI Live
customers
•
Target strategic wins with key
broadcasters in the UK
•
Greenfield opportunities in
Eastern Europe where
captioning is not present
•
Deepen engagement with
Australian broadcasters and win
key broadcasters in New Zealand
APAC
•
Build a trusted network of
channel partnerships in Asia
Government
•
Target broadcast divisions within
government organizations to sell
infrastructure and LEXI
•
Transition education market to
technology
•
Use rental proposition, Falcon
and LEXI Viewer to grow live
events
•
Growing meeting room
accessibility through LEXI Local
Leverage relationship with UK
Parliament to penetrate
untapped European market
•
Growing meeting room
accessibility through LEXI Local
•
Grow multilingual customers
through LEXI Translate
Leverage relationships with NSW
and Victoria Parliaments to win
more contracts in Australia
•
Transition education market to
technology
•
Use rental proposition, Falcon
and LEXI Viewer to grow live
events
•
Keep growing 'City of' segment
•
Expand AIM Government team
•
•
Enterprise
22
Q&A
Additional
information
Profit & loss
statement
For the full year ended
30 June 2024
30-Jun-24
30-Jun-23
Var
($m)
($m)
($m)
Revenue
66.2
61.8
4.5
Cost of sales
(23.8)
(24.9)
1.1
Gross Profit
42.5
36.9
5.6
Other income
-
0.5
(0.5)
Operating expenses
(38.4)
(34.0)
(4.3)
EBITDA
4.1
3.3
0.8
Depreciation and amortisation
(4.4)
(4.9)
0.5
EBIT
(0.3)
(1.6)
1.3
Net interest expense
0.0
(0.7)
0.7
Profit/(loss) before tax
(0.3)
(2.3)
2.0
Income tax expense
(1.0)
(1.7)
0.7
Net profit/(loss) after tax
(1.3)
(4.0)
2.7
GP Margin %
64%
60%
-
Note: Totals may not add up precisely due to rounding
25
Balance sheet
For the full year ended
30 June 2024
30-Jun-24
($m)
30-Jun-23
($m)
Var
($m)
Cash and cash equivalent
Trade receivables
Other current assets
Total current assets
Property, plant and equipment
Intangibles
Other non-current assets
Total non-current assets
Total assets
Trade payables
Borrowings
Other current liabilities1
Total current liabilities
Borrowings
Other non-current liabilities
Total non-current liabilities
Total liabilities
10.9
10.7
5.2
26.8
4.9
56.2
5.3
66.4
93.1
1.6
0.2
12.3
14.1
0.3
2.8
3.1
17.2
17.0
10.5
3.5
31.0
4.5
59.3
6.0
69.8
100.8
0.9
0.2
19.4
20.6
0.2
3.0
3.1
23.7
(6.1)
0.2
1.7
(4.2)
0.3
(3.0)
(0.7)
(3.5)
(7.7)
0.6
0.0
(7.1)
(6.5)
0.1
(0.1)
0.0
(6.4)
Net assets
Equity
75.9
75.9
77.1
77.1
(1.2)
(1.2)
Note: Totals may not add up precisely due to rounding
1. $8.1m final earn-out payment for EEG and ACS acquisition paid in H1 FY24.
26
30-Jun-24
($m)
30-Jun-23
($m)
Var
($m)
73.3
67.0
6.3
(69.6)
(63.6)
(5.9)
0.2
0.1
0.1
-
(0.5)
-
Interest and other finance costs paid
(0.2)
(0.4)
0.2
Income taxes paid
(0.2)
-
(0.2)
Net cash from operating activities
3.6
3.5
0.1
(8.1)
(0.4)
(7.8)
(0.9)
(0.6)
(0.3)
(0.3)
(0.7)
0.4
Net cash used in investing activities
(9.3)
(1.7)
(7.6)
Repayment of lease liabilities
(0.3)
(0.3)
0.0
Net cash used in financing activities
(0.3)
(0.3)
0.0
Net increase/(decrease) in cash and cash
equivalents
(6.0)
1.5
(7.5)
Receipts from customers (incl. of GST)
Payments to suppliers and employees (incl.
of GST)
Interest received
Other revenue
Cash flows
For the full year ended
30 June 2024
Payments for expenses relating to
acquisitions
Payments for property, plant and
equipment
Payment for intangibles
Note: Totals may not add up precisely due to rounding
27
Successfully leveraging the EEG acquisition in May 2021
80.0
75.0
70.0
65.0
60.0
55.0
50.0
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
(5.0)
(10.0)
(15.0)
60%
55%
41%
64%
66.2
65%
55%
61.8
59.8
~11%
45%
Revenue CAGR
48.7
35%
25%
15%
3.3
1.1
4.1
5%EBITDA CAGR1
(8.7)
FY21 *
~93%
-5%
FY22 **
EBITDA
FY23
Revenue
FY24
GP Margin
*EEG acquired in May ’21 ** First full year contribution of EEG acquisition
1. EBITDA CAGR taken from FY22 – FY24
28
Management
Strong and qualified management team to drive product development and commercialisation strategy
TONY ABRAHAMS
DONNA REID
JAMES WARD
BILL MCLAUGHLIN
JOHN BIRD
Co-Founder and CEO
Chief Operating Officer
Chief Sales Officer
Chief Product Officer
Chief Financial Officer
• Tony co-founded AIMedia in 2003. He
served as a Director of
Northcott Disability
Services (2010-2018).
• Donna joined AI-Media
in March 2021 after five
years as the Director of
Content Service
Operations for Foxtel
Media.
• James Ward has been
with AI-Media since
2013, driving growth in
the APAC region from
Sydney, then moving
to London in 2018 to
lead expansion in
EMEA.
• Now as Chief Sales
Officer, he leads AIM’s
global growth strategy
and execution.
• Bill was CTO at EEG
and now Chief Product
Officer globally at AIMedia.
• John previously held
the role of CFO and
COO of Regeneus, an
ASX-listed
biotechnology
company.
• Worked to establish
the Oxford Internet
Institute in 2001, while
attending the
University of Oxford as
a Rhodes Scholar.
• Has more than 20
years’ experience in
Human Resources and
Operations.
• Since 2007, Bill has
been with EEG
architecting the
company’s leading
software solutions
including iCap, Falcon,
LEXI, and Alta.
• Previously provided
financial and strategic
management services
to ASX-listed
companies.
29
Board
Highly skilled and experienced senior leadership team with decades of experience
JOHN MARTIN
TONY ABRAHAMS
ALISON LOAT
CHERYL HAYMAN
BRENT CUBIS
Non-Executive Chair
(appointed February 2024)
Co-Founder and CEO
Non-Executive Director
Non-Executive Director
Non-Executive Director
• John joined the Board
in 2010 and served as
Chair until 2013, NED
until 2024 and has been
re-elected as Chair in
February 2024.
• Tony co-founded AIMedia in 2003. He
served as a Director of
Northcott Disability
Services (2010-2018).
• Alison joined the Board
in 2018.
• Cheryl joined the Board
in March 2022.
• Managing Director,
Sustainable Investing
and Innovation at
OPTrust, a Canadian
public pension plan,
with $23 billion CAD in
globally diversified
investments.
• Over 15 years board
experience in NonExecutive Director roles
of ASX-listed companies.
Previously held CMO
roles at George Weston
Foods, Yum Restaurants
International & Unilever.
• Brent joined the Board
in July 2024 and is
Chairman of the Audit
and Risk Committee.
• Served as CEO and
Director of ASX-listed
Babcock & Brown
Communities, Primelife
and Regeneus.
• Worked to establish
the Oxford Internet
Institute in 2001, while
attending the
University of Oxford as
a Rhodes Scholar.
• Highly experienced
Director and CFO with
over 30 years of board
level experience in
senior roles including
CFO of Cochlear Ltd and
Nine Network Australia.
30
Environmental Social and Governance initiatives (ESG)
AI-Media’s key ESG initiatives focus on continuous improvement
Social
Environmental
•
•
A significant contributor to AIM’s
carbon footprint has been flights
to its global offices and
customers. AIM has reduced the
frequency and travels economy
or premium economy in all
circumstances reducing the
total greenhouse gas (GHG)
emissions significantly.
At AIM working from home is
encouraged and adopted by in
excess of 50% of staff. In turn the
number of offices and their size
has been progressively reduced
saving an estimated 25% on GHG
emissions.
•
Our core products provide
access and inclusion solutions
for people who rely on
captioning and
transcription. AIM’s captions are
seen by hundreds of millions of
people each year.
•
Diversity, Equity and Inclusion
initiatives are set company wide.
Governance
•
Board Diversity and Board
renewal: AIM’s Board of Directors
includes members with diverse
expertise and backgrounds,
ensuring effective oversight and
decision-making. Board renewal,
to ensure an appropriate skill mix,
is always under consideration.
•
Transparency: At AIM we maintain
transparent communication with
stakeholders through regular
reporting and disclosures.
•
Ethics and Compliance: AIM
adheres to strict ethical standards
and complies with all relevant
laws and regulations, ensuring
integrity in our business practices.
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Disclaimer
This presentation (Presentation) contains summary information about AI-Media Technologies
Limited and its subsidiaries (the Company or AI-Media) based on information as at 29 August
2024. By attending an investor presentation or briefing, or accepting, accessing or reviewing this
Presentation, you acknowledge and agree to the terms set out below.
Summary information: This Presentation has been prepared for information purposes only and
is a summary only. It should be read in conjunction with AI-Media’s most recent financial report
and other periodic and continuous disclosure information lodged with the Australian Securities
Exchange (ASX), which is available at www.asx.com.au. Reliance should not be placed on
information or opinions contained in this Presentation and, subject only to any legal obligation
to do so, the Company does not have any obligation to correct or update the content of this
Presentation.
Not financial product advice: This Presentation does not, and does not purport to, contain all
information necessary to make an investment decision, is not intended as investment or
financial advice (nor tax, accounting or legal advice) and must not be relied upon as such. This
Presentation does not take into account the investment objectives, financial situation or needs of
any particular investor. Investors are encouraged to seek independent professional advice when
deciding if an investment in the Company is appropriate. The Company is not licensed to provide
financial product advice in respect of its own securities. This Presentation is not a prospectus,
product disclosure statement or other offering document under Australian law (or any other law).
It is not, and does not constitute, an invitation or offer of securities for subscription, purchase or
sale in any jurisdiction.
Investment risk and past performance: An investment in AI-Media shares is subject to known
and unknown risks, some of which are beyond the control of the Company and its directors. The
Company does not guarantee any particular rate of return or the performance of AI-Media. Past
performance is not, and should not be relied on as being, indicative of future performance.
Future performance and forward-looking statements: This Presentation includes forward
looking statements, which can generally be identified by the use of words such as “may”, “will”,
“expect”, “intend”, “plan”, “estimate”, “anticipate”, “outlook”, “forecast” and “guidance”, or other
similar words. They may include, without limitation, statements regarding plans, strategies and
objectives and anticipated business developments. Forward-looking statements inherently
involve known and unknown risks, uncertainties and other factors that may cause AI-Media’s
actual results, performance and achievements to differ materially from statements in this
Presentation. Forward- looking statements are based on the Company’s good faith assumptions
as to the financial, market, regulatory and other relevant environments that will exist and affect
AI-Media’s business and operations in the future. The Company does not give any assurance that
the assumptions will prove to be correct. There may be other factors that could cause actual
results or events not to be as anticipated, and may events are beyond the reasonable control of
the Company. Readers are cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements in this Presentation are only made as at the date of this
Presentation and the Company does not undertake any obligation to publicly update or revise
any of the forward-looking statements or to advise of any change in assumptions on which any
such statement is based.
Industry data and third party information: Industry data and third party information used in this
Presentation may have been obtained from research, surveys, reports or studies conducted by
third parties, including industry or general publications. Neither AI-Media nor its representatives
have independently verified any such market or industry data.
Financial information: This Presentation contains historical financial information based on the
Company’s results for the 12 month period ending 30 June 2024 and prior comparative periods.
All financial information disclosed in this Presentation is presented in Australian dollars unless
otherwise noted. Any discrepancies between totals and sums of components in tables and
figures contained in this Presentation are due to rounding.
Disclaimer: To the maximum extent permitted by law, AI-Media and its officers, directors,
employees, agents and advisers: (1) disclaim all responsibility and liability (including, without
limitation, any liability arising from fault, negligence or negligent misstatement) for any loss
arising from this Presentation or reliance on anything contained in or omitted from it or otherwise
arising in connection with this Presentation; (2) disclaim any obligation or undertaking to release
any update or revision to the information in this Presentation to reflect any change in
expectations or assumptions; and (3) do not make any representation or warranty, express or
implied, as to the accuracy, reliability, completeness of the information in this Presentation or
that this Presentation contains all material information about AI-Media or that a prospectus
investor or purchaser may require in evaluating a possible investment in AI-Media or acquisition
of shares, or the likelihood of fulfilment of any forward-looking statement.
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Further Information:
AI-Media Technologies
Lisa Jones
Company Secretary
investorrelations@AI-Media.tv
NWR Communications
Melanie Singh
Investor Relations
melanie@nwrcommunications.com.au
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