Beam Communications : Appendix 4D and Half Year Financial Report 31 December 2021

For personal use only

25 February 2022

The Manager

Market Announcements Platform

Australian Securities Exchange

Appendix 4D Half Year Report and Financial Report

The Company, Beam Communications Holdings Limited, encloses its Appendix 4D (Half Year Report) and Half Year Financial Report for the six months ended 31 December 2021, including audited Financial Statements, Notes to the accounts, Directors Report and Auditors Review Report, for immediate release.

Yours faithfully

Dennis Payne

Company Secretary

For personal use only

Beam Communications Holdings Limited

Appendix 4D

Half year report ended 31 December 2021

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Beam Communications Holdings Limited

ABN 39 010 568 804

Appendix 4D

Half Year Report

Half Year ended 31 December 2021

The information contained in this Appendix 4D should be read in conjunction with the most recent Annual Report covering the financial year ending 30 June 2021.

1. Reporting periods

Current reporting period	Half year ended 31 December 2021
Previous corresponding periods	Half year ended 31 December 2020
	Financial year ended 30 June 2021

2. Results for announcement to the market

					$A
2.1	Total revenue	Up 39.3%	to	$ 12,468,278
2.2	Profit from ordinary activities after tax attributable	Profit up by $204,148 from $ 183,960
	to members	to $ 388,108
2.3	Net profit for the period attributable to members	Profit up by $204,148 from $ 183,960
		to $ 388,108
2.4	Dividends (distributions)	Amount			Franked amount
		per security		per security
	Final dividend		NIL ¢		NIL ¢
	Interim dividend		NIL ¢		NIL ¢
	Previous corresponding period:
	Final dividend		NIL ¢		NIL ¢
	Interim dividend		NIL ¢		NIL ¢
2.5	Record date for determining entitlements to the		N/A
	dividend

For personal use only

Beam Communications Holdings Limited

Appendix 4D

Half year report ended 31 December 2021

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2.6 EXPLANATION

Record revenue for the six months to 31 December 2021, with all key divisions contributing to the growth in both income and earnings.

First half revenue increased by 39.3% over the previous corresponding period (pcp) to $12.5 million, the highest interim revenue figure in Beam's history. First half net profit after tax (NPAT) more than doubled to $388,108 (1HFY21: $183,960) despite Beam's ongoing investment to support the promotion of ZOLEO.

Beam's other product lines and businesses also reported strong growth in H1FY2022 compared to the same period last year. Its wholly owned subsidiary and Telstra's largest satellite equipment dealer, SatPhone Shop, recorded a 38% increase in interim sales vs. the pcp.

Meanwhile, sales of Beam equipment (not including ZOLEO) jumped 34% over the same period as the Company benefited from broad-based demand for portable satellite equipment as COVID- 19 restrictions eased. This demand is not only coming from retail consumers but also business and government customers.

Project amortisation of $488,404 related to the accumulated development costs of ZOLEO with the Australian Government R&D grants take up worth $306,636 related to grants received to 31 December, partially offsetting development expenses.

Income tax expense comprises current year tax of $18,770 incurred by the Group's USA subsidiary, which is unable to be claimed against Australian tax losses, and deferred tax benefit of $31,304 The deferred tax benefit reflects the movements in the deferred tax assets and liabilities. The directors have maintained a conservative approach and have recognised 60% (2020: 60%) of the deferred tax assets and liabilities inclusive of carried forward tax losses.

3. Net Tangible Assets per security

	31 December 2021	30 June 2021
	Cents per share	Cents per share
Net tangible assets per security	11.9638	8.2096

4. Details of entities over which control has been gained or lost during the period:

4.1	Name of the entity.	N/A
4.2	The date of the gain or loss of control.	N/A

Beam Communications Holdings Limited

Appendix 4D

Half year report ended 31 December 2021

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only

4.3 Where material to an understanding of the report - the contribution of such entities to the reporting entity's profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period.

Previous

Current period corresponding period

N/AN/A

For personal use

5. Individual and Total Dividend or Distribution Payments

Dividend or distribution	Amount	Date on which	Amount per
payments:		each dividend or	security of foreign
		distribution is	sourced dividend
		payable	or distribution
			(if known)
N/A	N/A	N/A	N.A
Total

6. Dividend or Distribution Reinvestment Plans

N/A

7. Details of associates and joint venture

Name of entity	%	Aggregate Share of profit	Contribution
	Holding	(losses)	to net profit
		Current	Previous	Current	Previous
		period	correspon-	period	correspon-
			ding		ding
			period		period
N/A

For personal use only

Beam Communications Holdings Limited

Appendix 4D

Half year report ended 31 December 2021

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8. Foreign entity accounting standards

N/A

9. Independent review of the financial report

The financial report for the half-year ended 31 December 2021 has been reviewed and will not be qualified or include any emphasis of matter.

Signed by Chairman:

Name: Mr Simon Wallace

Date: 25 February 2022