Delta Drone : The development strategy in the Southern Hemisphere, carried by Delta Drone International, is set up
01 Septembre 2021 - 6:00PM
Delta Drone : The development strategy in the Southern Hemisphere,
carried by Delta Drone International, is set up
The development strategy in the Southern
Hemisphere,carried by Delta Drone International,
is set up
Dardilly, September 1, 2021 – 6 p.m.
Key
points:
- Delta Drone International's
consolidated revenue for the first half of 2021
was MAU$ 2.49 million ($1.6 million), up +53.3%,
- Geographical
expansion continues, with the signing of
new contracts in Namibia and Zambia,
- The range of services is
completed: solution based on Lidar technology, security solution
and development of the training center in South
Africa,
- The definitive signing of
the acquisition of Arvista Pty
Ltd, a company based in Perth (Western Australia), will make it
possible to duplicate Rocketmine's
business model in Australia.
- Delta Drone has
strengthened its stake in its subsidiary and now holds 53.1% of the
capital.
Delta Drone International, an Australian
subsidiary listed on the SYDNEY ASX Stock Exchange (ASX :DLT), has
successively issued two press releases, the first dated August 31,
2021 relating to its accounts for Q1 2021, the second dated 1
September 2021 announcing the definitive signing of the takeover of
the Australian company Arvista Pty Ltd (these two press releases
are available on the website www.dlti.com.au).
Half-year accounts and overview of
activity
The press release published on 31 August on the
Sydney ASX market presents in detail all the key points to
remember, both in terms of quantified performance and business
development.
Operating income corresponds to a loss of MAU$
1.49 (€0.9 million), which is mainly due to holding costs on the
one hand, the operating loss at the level of the Israeli subsidiary
Parazero.On the other hand, the activity in Southern Africa, in
particular Rocketmine, is profitable.
Regarding holding costs, it is clear that the
period of construction of the group and its still modest size do
not allow to fully absorb them. Nevertheless, they are necessary to
anticipate future development, including the emergence of a solid
base in the Australian market.
The Israeli subsidiary Parazero, about 40% of
whose sales are made in the United States, has suffered on the one
hand from various restrictions related to the health crisis, and on
the other hand from the ongoing overhaul of the FAA's rules on the
approval of embedded security systems.
It should be noted that these losses are
financed by Delta Drone International's own cash, thanks to the
fundraising of 5 MAU$ (€3.1 million) carried out last December. At
June 30, 2021, the cash position was positive at MAU$2.95 ($1.8
million).
Acquisition of
Arvista Pty
Ltd
The press release issued on 1 September in the
Sydney ASX market details all the key points to remember about the
transaction. This was also the subject of a previous press release
published by Delta Drone on August 16.
For the Group, as part of its overall
development strategy, this first external growth operation is a
major growth step in a key area:
- It makes it possible to acquire a
team of experts, benefiting from an existing activity with a
clientele of major Australian mining groups,
- It marks the first stage of a local
physical presence, more particularly located in the alien state
(Western Australia) which concentrates the highest density of
mining sites in the country.
Operation Arvista is finally quite similar to
the one successfully carried out in 2017 in South Africa: for the
record, Delta Drone had taken control of the Rocketmine company at
the time, which offered it a solid development base in southern
Africa.Under the direction and leadership of Chris Clark, General
Manager since the beginning of the company, Rocketmine has grown
strongly in a few years: its turnover has multiplied by 4, its
result has become profitable and its activities have gradually
expanded to other African countries, in addition to South Africa:
Ghana, Namibia, Zambia. At the same time, thanks to the partnership
with the University of Pretoria, a training and demonstration
centre will become a major centre of attraction to increase the
group's audience in the area.
Since March 2021, Chris Clark, while continuing to oversee the
Group's African activities, has been physically based in Australia,
with the mission of experiencing the same successes in
Australia.Chris was of course the linchpin of Operation
Arvista.
About Delta Drone: Delta Drone
Group is a recognized international player in the field of civilian
drones for professional use. It develops a range of professional
solutions based on drone technology as well as all associated
services that form a complete value chain.Delta Drone shares are
listed on the Euronext Growth Paris market – ISIN code:
FR0011522168 BSA Y – ISIN code: FR 0013400991www.deltadrone.com
| Investor
contact:AELIUM |
Press
contacts:OPEN 2
EUROPE |
| Jérôme Gacoin +33 1
75 77 54 65jgacoin@aelium.fr |
Benjamin Chamblain+33 1 55 02 14 54b.chamblain@open2europe.comSarah
Ousahla+33 1 55 02 15 31s.ousahla@open2europe.com |
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