TruScreen Group (TRU) AGM 2024 Presentation summary

Opening remarks and agenda

• CEO Marty Dillon opened the AGM, outlining key achievements for FY2024 and setting the agenda to include financial review, market expansion, technology improvements, cost reduction, and Q&A.

Financial performance review

• Sales increased 27% year-over-year, with total revenue reaching NZD $2.6m and SUS sales up 25%.

• EBITDA improved by 15% and net assets rose 28% compared to the previous year.

• Cash position increased 23% year-over-year, and a NZD $2.6m rights issue and placement was completed in March 2024.

• Loss for the year reduced to NZD $2.0m from NZD $2.4m in FY23.

Strategic initiatives and plans

• Targeting month-to-month cash flow positivity by 31 March 2025.

• Focus on market growth, lowering COGS, and reducing operating costs over the next fiscal year.

• China remains the largest market and top priority, with plans to increase device installations from 97 to 150 and SUS pull-through from 129 to 290 per device per month.

• Expansion efforts underway in Vietnam, Mexico, Eastern Europe, Central Asia, Africa, and the Middle East, with tailored objectives for each region.

• Technology improvements include enhancing Single Use Sensor production, device self-calibration, and reducing head office costs.