Traffic Technologies Shortfall Placement
*Wholesale Only
Offer Details
Offer Price
TBA
*Offer is at the same price as the institutional placement
This Offer Is Now Closed
Shortfall Placement Details
Last Traded Price**
$0.031**
Offer Price
$0.03
Reach Wholesale 708 investors have the opportunity to participate in the placement. **The placement offer price represents a discount of 3.23% per share to the Company’s last traded price of $0.031 on 7th December 2021.
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Company Overview
Traffic Technologies (TTI) is an innovative Australian company providing advanced smart city and traffic management solutions through its cutting-edge hardware and software offerings. With governments at every level beginning to utilise big data to improve their communities and become more energy efficient, Traffic Technologies is well-placed to capitalise on the market opportunities at hand with its first-mover advantage in addressing the needs of road authorities, councils and power companies.
Investment Highlights
- The shortfall placement offer price of $0.03 per share compares to the last traded price of $0.031 as of 7 December.
- Despite lockdowns across all states, earnings have increased. Improved results in FY21 included: Revenue up 18%, EBITDA up 222%, EBIT up 120% and NPAT up 101%.
- In FY21, TTI grew its revenue to $52.3 million with more than 40% in recurring revenue and has set itself up to continue growing profits, EBIT, operating and annuity revenues.
- Trading at one-third times revenue, four times EBITDA.
- TTI has identified a number of opportunities to supply its lighting control systems and SmartCity technology to overseas markets, including England, Asia and South America.
- The company has made a strong start to FY22 with increased sales and an order book supported by long-term supply contracts with a pipeline of ~$100 million.
Company Presentation
In this video, Traffic Technologies managing director Con Liosatos discussed:
- How this globally established and profitable business makes transport infrastructure safer, cheaper, less congested and more sustainable.
- How they’ve recently grown revenue rapidly to $52.3 million, with 40% recurring revenue.
- How the US$1.7 trillion global IoT market is predicted to grow up to US$12.6 trillion by 2030.
Investor Presentation
Speak to an Adviser
By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach are the advisers assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.
- A gross income of $250,000 or more per annum in each of the previous two financial years; or
- Net assets of at least $2.5 million; and
- A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status. Please refer to the Corporations Act: Specifically Section 708(08) and Section s761G(7