3. DELOITTE RISING STAR AWARD
“ Second fastest growing tech company in Australia for 2015 ”
Data #3
Agility
Growth
Potential
Empired
Dimension
Data
Alpha West
Kinetic
Fujitsu
xpanse
4. WHAT WE DO
With Cirrus IT means Innovation and Transformation
1876 Present
6. MARKET OPPORTUNITY
Australian IT spend in 2014
$29.7bn of which spent on services
$77bn
2014 APAC IT spend
Increasing to $933bn by 2017
The “Internet of Things”
Will generate a revenue globally of
$1.9 trillion by 2020
$1.9tn
30 billion connected
By 2020 it’s expected that globally
over 30 billion devices will be
internet connected
30bn
$767bn
8. BEST OF BREED TECHNOLOGY
Ready to be implemented
Innovative technology products are the key to our business
9. WHY INVEST IN US?
eCorp
Data #3
Agility
Growth
Potential
Empired
Dimension
Data
Alpha West
Kinetic
Fujitsu
xpanse
10. DIRECTORS
Frank Richmond
Managing Director
Frank has over 17 years
experience in the
technology sector across
the UK and Australia.
During his time in Australia,
Frank worked for Dell
Computers running their
Large Enterprise business,
achieving its Top Achi.ever
award in his first year
Frank then setup Cirrus
Networks in late 2012 and
has turned the company
into one of the fastest
growing technology
solutions providers in
Australia, coming 2nd in the
Deloitte Fast 50 Tech
Companies – Rising Star
category in 2014.
Andrew Milner
Non-Executive
Chairman
Andrew is a veteran of the
Australian Information
technology Industry and has
20 years experience in
managing successful high-
growth technology
businesses.
He founded Wantree Internet
which was acquired by iiNET
in 1999. Andrew was then
appointed to the iiNET board
and spent 9 years with the
company in executive and
non-executive roles.
In 2004 he was co-founder
and Chairman of L7
Solutions, which he helped
grow to annual turnovers of
$55m, before it was acquired
by Amcom in 2011.
Matthew Sullivan
Non-Executive Director
Matthew has more than 20
years experience in the
information technology
industry and has held
various executive roles in
Australia.
He founded and was CEO of
L7 solutions, which he
helped grow to annual
turnovers of $55m, before it
was acquired by Amcom
Telecommunications in 2011.
During his time at L7
Solutions he was a 2005 and
2008 winner of the WA
Business News “40 under
40” award.
Most recently Matthew was
Chief Solutions Officer at
Amcom
Telecommunications.
Patrick Glovac
Non-Executive Director
Patrick is the Managing
Director of Applabs
Technologies Ltd which is an
ASX listed App Development
and Venture Capital Company.
Previously he spent 10 years
with Bell Potter Securities,
specialising in corporate
transactions.
Patrick is also currently a
Director of ASX listed Liberty
Resources Limited and GB
Energy Limited.
In 2014 he co-founded a
boutique Corporate Advisory
firm GTT Ventures Pty Ltd
which specialises in providing
funding for technology
companies.
Daniel Rohr
Non-Executive
Director
Daniel is a chartered
accountant with over 20
years experience in
management, corporate
advisory, finance and
accounting experience.
He is currently the CFO
and/or corporate advisor
for a number of listed and
non-listed businesses in
the IT and mining sectors
and has extensive
experience in managing
the development of high
growth companies.
Daniel was formally CFO
of ecorp Ltd, the online
division of Publishing and
Broadcasting Limited.
11. NETWORKS GROWTH OUTLOOK
The Cirrus Networks full year results will be announced to the market in
early July 2015 shortly following relisting on the ASX
Organic Growth
• Cirrus continues to achieve record quarter on quarter and year on year revenue growth
• Announced on the 30th March 2015 that it had won $4.6m of new contracts during the March
quarter alone
Expansion Opportunities
• Eastern Australian States
• Singapore & Asia
Long-Term Contracts
• Management contracts
M&A
• Acquisitions are continually being reviewed and benchmarked against organic growth rate
12. SECTOR COMPARISON
Company Code Activities Mkt Cap Cash EV Revenue
Tomizone * PHW Wifi Solutions $18M $5M $13M $5.3M
Bullet Proof BPF Data Storage $28M $4M $24M $18.3M
Future Fibre * FFT Fibre Optical Cables $84M $21M $63M $13.0M
Empired EPD IT Solutions $92M $5M $87M $67.0M
Covata CVT Data Security $203M $14M $189M <$1M
Iwebgate IWG Data Security $220M $3M $207M <$1M
Cirrus
Networks
CNW IT Solutions/Data Security $16M $3M $13M
$10.3m
YTD
*Upcoming ASX listings
13. INDICATIVE TIMETABLE
Event Date
Despatch of Notice of Meeting seeking approval of Acquisition 22 April 2015
Lodgement of the Prospectus with ASIC 15 May 2015
General Meeting to approve Change in Nature and Scale of
Activities
22 May 2015
Suspension of LBY’s securities from trading on ASX 22 May 2015
Offer under Prospectus Closes 5 June 2015
Anticipated date LBY’s securities commence trading again on the
ASX
Late June 2015
14. TRANSACTION OVERVIEW
• Reverse merge onto ASX from Liberty Resources Limited (ASX:LBY)
to Cirrus Networks Holdings Limited (ASX:CNW)
• Valuation of $9M pre-money
• Minimum $3M raise with a maximum of $5M at 3c per share
Targeting $3.5M
• Cornerstone support already received
Pre Consolidation
Securities $3M $5M
Existing issued securities 287,449,326 287,449,326
Securities on issue Post Consolidation 143,724,663 143,724,663
Consideration Securities 302,000,000 302,000,000
Post Consolidation Capital Raising 100,000,000 166,666,667
TOTAL SECURITIES POST CONSOLIDATION 545,724,663 612,391,330
15. HIGHLIGHTS
• Proven revenue generating model
• Highly growth focused with continuing rapid revenue expansion
• High quality experienced Directors and Management
• Exposure to the growing Australian IT market
• Significant growth opportunities providing value add to shareholders
16. CONTACT DETAILS
Frank Richmond
Managing Director
frank@cirrusnetworks.com.au
+61 488 066 012
Patrick Glovac
Director
patrick@gttventures.com.au
+61 421 812 264
18. WHAT IS AN IT SOLUTION INTEGRATOR?
Goals
• Reduces costs for clients
• Drives “efficiency dividends”
Typical Benefits
• Up to 30% cost savings - IT and admin
• Up to 30% improvement in Government services at reduced cost
Implementing New Technologies
• Everyone “knows” about cloud based systems – but do they?
• Provide best of breed solutions
Advisory
Integration
Manage
An IT integrator provides computing systems for clients by combining
hardware and software products from multiple vendors.
19. CIRRUS PRODUCTS AND BUSINESS MODEL
Advisory
Integration
Manage
Cirrus Networks is a disruptive IT solutions provider. We help business understand
their technology needs, and implement solutions that are world-leading, best of
breed, cost effective and efficient for long-term operational gain
• Policies
• Processes
• Cloud Assessments
• Financial Modeling
• Business Intelligence
• Business Analysis and
Recommendations
• Annuity Services
• Service Desk
• Outsourcing
• Data Centre Services
• Support Services
• Cloud Management
• Maintenance
• Licensing
• Monitoring and Reporting
• Proactive and Reactive Services
• Vendor Technology Selection
• Project Management
• Solution Designs
• Technical Assistance
• Vendor Support and
Integrated Systems
20. FINANCIAL PERFORMANCE
Year 12 months to
30/6/2013
12 months to
30/6/2014
6 months to
31/12/2014
Year to Date
31/03/2014
Revenue $262,994 $5,869,723 $6,053,386 $10,326,236
Gross Profit $71,019 $1,447,719 $1,235,728 $2,129,756
EBITDA ($107,990) $34,219 $126,615 $220,450
NPAT ($111,298) $4,044 $108,641 $178,982
Cirrus Networks is a disruptive IT solutions provider. We help business understand their technology
needs, and implement solutions that are world-leading, best of breed, cost effective and efficient for
long-term operational gain
21. CUSTOMER CONTACT
Driving Margin Growth
Cirrus has established excellent business relationships with its blue chip client base and is rolling out
the next phase of its business plan to drive growth by increasing its high margin product offerings across
the board
Service Value Margin
Advisory $100,000 20%
Integration $600,000 5%
Managed $300,000 50%
Total $1,000,000 20% avg
Service Value Margin
Advisory $100,000 20%
Integration $600,000 5%
Managed $800,000 60%
Total $1,500,000 35% avg
Approximately 60% of the Gross Margin increase will flow through to the EBITDA line
Current client contract example: $1,000,000 value
Data Security, Big Data, Data
Analytics, Disaster Recovery,
Cloud, Networking & Telephony
Increases the client contract
value and drives margin growth
+
=
22. GROWTH STRATEGY IS WELL UNDERWAY
Cirrus has identified further building blocks to focus on high
annuity driven services to continue to expand upon
Vertical Services Growth
Horizontal Technology Growth
Cloud DNA (Building Blocks)
Cirrus Service
Vertical
Advisory Services
Policies, Processes, Cloud Assessments, Financial Modeling, Business
Intelligence, Business Analysis and Recommendations
Integration Services
Vendor Technology Selection, Project Management, Solution Designs, Technical
Assistance, Vendor Support and Integrated Systems
Managed Services
Annuity Services, Service Desk, Outsourcing, Data Centre Services, Support Services,
Cloud Management, Maintenance, Licensing, Monitoring and Reporting, Proactive and
Reactive Services
Data Storage
Current
Network
Current
Security
Current
Data Centre
Building
End User
Compute
Building
Unified
Comms
Building
Business
Applications
Future
23. OUR BUSINESS
Advisory Services
End to End
IT Solution
End to End
IT Solutions
Objectives are always different and can take the form of either top-line or bottom-line
growth, scalability, performance, efficiency, compliance and/or business contraction. This
normally requires various workshops, data mining, process modelling and risk impact
studies to quantify the priority and relative change needed within the business.
Business Focused
Think Differently
Right Technology
Highly Skilled
1
2
3
4
24. OUR BUSINESS
Integration Services
Cirrus partners with leading global IT and cloud vendors to provide a best
practice solution that is affordable, risk averse and able to be maintained
efficiently
Leading Global IT Vendors
Cloud Vendors
Best Practise Solution
Managed by Cirrus PMO
1
2
3
4
25. OUR BUSINESS
Managed Services
All technology solutions need to be managed, maintained and evolved over time to
ensure that changing business outcomes are met. Cirrus has implemented a
purpose built Operations Centre in WA to perform those activities for clients on a 24 /
7 basis.
Annuity Services
Service Desk
Data Centre Services
Monitoring and Maintenance
1
2
3
4
Disaster Recovery and Business
Continuity
5
26. DISCLAIMER
This Presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The
information in this Presentation is an overview and does not contain all information necessary for investment decisions. In
making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of
the assets and consult their own legal, business and/or financial advisers.
The information contained in this Presentation has been prepared in good faith by Cirrus Networks Limited, however no
representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any
statements, estimates, opinions or other information contained in the Presentation.
To the maximum extent permitted by law, Cirrus Networks Limited its Directors, officers, employees and agents disclaim liability
for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in
this Presentation.
Certain information in this Presentation refers to the intentions of Cirrus Networks Limited, but these are not intended to be
forecasts, forward looking statements or statements about future matters for the purpose of the Corporations Act or any other
applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Cirrus
Networks Limited’s actual results, performance or achievements to differ from those referred to in this Presentation. Accordingly,
Cirrus Networks Limited, its Directors, officers, employees and agents do not give any assurance or guarantee that the
occurrence of the events referred to in the Presentation will actually occur as contemplated.