GROWTH MOMENTUM CONTINUES SEVERAL STRUCTURING STEPS FOR THE FUTURE
HAVE BEEN TAKEN SUCCESSFULLY
GROWTH MOMENTUM
CONTINUESSEVERAL STRUCTURING STEPS FOR THE FUTURE
HAVE BEEN TAKENSUCCESSFULLY
January 31, 2022 – 6 p.m.
- 2021 consolidated revenue: €16.3
million (+22.3%)
- Ramp-up of the Delta Drone
International subsidiary
- Success of the strategy to create
an ecosystem around the UDT subsidiary
- Strengthening the pivotal role
entrusted to Delta Drone Human Tech (ex-ATM Group)
- Continued discussions with the
Weesure Group
- Decisive legal success for the
commercial development of ISS Spotter security solutions.
1 -
Consolidated revenue increased by
+22.3% in 2021
Despite the persistence of the global health
crisis that is slowing down the development of the activity (travel
difficulties, supply disruptions, availability of employees,
postponements of delivery and therefore billing, cancellation of
events, etc.), Delta Drone has experienced a growing activity.
Revenue generated outside France, through the
Australian and South African subsidiary Delta Drone International,
amounted to €3.5 million, up +81.7% and represented 21.2% of the
consolidated total. Activity in the southern hemisphere is mainly
in the mining sector.
In France, activity grew more modestly by +17.6%
and represented 78.8% of the consolidated total. It is now focusing
on the two ISS Spotter (security) and Countbot (warehouse
inventory) solutions, including taking into account the activity of
the traditional security division which already plays a key role in
the success of these two solutions.
2 – Delta Drone International becomes
the market leader for mining activity in the Southern
Hemisphere
One year after its incorporation, resulting from
the merger of Delta Drone South Africa and ParaZero Ltd, the
subsidiary Delta Drone International, listed on the ASX Stock
Exchange in Sydney, continues its expansion, in accordance with the
objectives assigned:
- The growth of the activity in
Southern Africa and Ghana, historical markets, is accelerating and
many contracts have been renewed, others won,
- The acquisition, in August 2021, of
the Australian company Arvista Pty Ltd provides Delta Drone
International with a local Australian team composed of experienced
and qualified personnel, with a perfect knowledge of the Australian
mining market and a base of existing customers,
- The recent sale (see press release
of January28, 2022) of the subsidiary ParaZero Israel for an amount
of A$ 6 million in cash will allow Delta Drone International to
self-finance its future development. The transaction also makes it
possible to strongly clarify Delta Drone International's business
model, both geographically (business concentration in the southern
hemisphere) and at the sectoral level (mining sector).
3 – The UDT portfolio
represents an asset value of €8 million for Delta
Drone
In 2017, Delta Drone embarked on a bold policy
of acquiring minority stakes in companies that were often nascent,
but with high growth potential. These operations were carried out
via a specific subsidiary company created for this purpose, DDrone
Invest originally, UDT today.
In a few years, the portfolio has been made up
of 6 participations (Elistair, Donecle, Aero41, Diodon Drone
Technologie, Sightec, Skylinx SLX).
At the end of 2021, the cumulative value of the
portfolio companies is estimated, according to official analysis by
an independent expert, at around €40 million, which gives Delta
Drone, taking into account the various percentages of capital held,
an asset value equal to €8 million.
Given the development prospects of portfolio
companies, it is reasonable to assume that the value of the
portfolio could more than double in the next two years.
4 – The "traditional security" division
is a key element of the group's strategy
At the end of July 2021, Delta Drone
strengthened its position in the capital of ATM Group to hold 100%
of the capital. As a result of this operation, ATM Group was
renamed Delta Drone Human Tech, marking the full integration of the
"traditional private security" division within the group.
Indeed, Delta Drone Human Tech is intended to
play an essential pivotal role in the deployment of the group's
strategy:
- With an installed base of several
dozen customers under multi-year contracts, its subsidiary ATM
Group Sécurité plays a role of " Troyan horse" to dronify the
private security sector, gradually offering its customers mixed
surveillance teams, composed of human agents and cyber agents
represented by the ISS Spotter solution,
- As part of security services for
events, cultural and sports, ATM Group Sécurité now systematically
offers the integration into its system of technological solutions,
ISS Spotter and SpotterBot.
- Finally, Delta Drone Human Tech,
thanks to the important life of human resources present in its
subsidiaries,delegates staff able to acquire a competence of
Countbot solution operators.
5 – The
Weesure Group remains associated with the
group's strategic development
In April 2021 (see press release of April 21),
Delta Drone had announced a draft agreement with the Weesure group.
Regardless of the economic and strategic interest of the project,
the evolution of Delta Drone's stock market valuation did not allow
the conclusion of this project on terms satisfactory to the
parties.
Taking note of this situation, a new partnership
scheme is being finalised. It could be formalized in two parts:
- A strategic partnership agreement
in France between Delta Drone and the Weesure group, without a
capital link,
- Delta Drone acquires a minority
stake in Weesure Africa, the controlling holding company of four
operating companies in the security sector in Senegal, Ivory Coast,
Benin and Togo.
It should be noted that the teams of Delta Drone
and Weesure Africa have started for several months a close
collaboration, leading to the establishment of many commercial
proposals, mainly related to the ISS Spotter solution.
6 – The Paris Court of
Justice confirms the ownership of the patent
relating to automatic drone systems
On April 2, 2019, the French company Azur Drones
had issued a summons in claim of the French patent filed by DPS
(Delta Drone group) under the Number FR1755160 as well as the
extension application N° XO 2018/224578.3 years later, on January
21, 2022, the Judicial Court of Paris issued its decision,
according to which:
- DPS (Delta Drone Group) is the sole
owner of the entire patent and international extension
applications,
- Azur Drones' request to order DPS
to return to it the fruits it could have derived from the
exploitation of the patent, as well as all its other claims for
compensation are rejected,
- The decision is enforceable
(despite any appeal).
This judgment of first instance is a very
important step in all the legal proceedings initiated between the
Delta Drone group and the company Azur Drones. It does not bode
well for the outcome of the other ongoing cases, but it should
nevertheless allow a beginning of clarification in relation to the
market's assessment of the real position of the various players in
the segment of security drone systems.
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: Press
Contact:
Jerome Gacoin |
Marie-Laure Laville |
+33 1 75 77 54
65 |
+33 1 55 02 15 13 |
jgacoin@aelium.fr |
ml.laville@open2europe.comSarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |