29 August 2024
The Manager
Market Announcements Platform
Australian Securities Exchange
Annual Report for Year Ending 30 June 2024
The Company has great pleasure in releasing its Annual Report for the Year Ending 30 June 2024 including the
Chairman’s Report, the Directors’ Report and the audited FY2024 Financial Statements and Notes to the
Accounts.
Yours faithfully
Dennis Payne
Company Secretary
W O R L D C L A S S S A T E L L I T E S O L U T I O N S
2024
ANNUAL
REPORT
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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S O U R C E : G M E P T Y LT D
As a market leader,
Beam excels to meet
the emerging needs
of our customers
in mobile satellite
technology, tracking,
monitoring and
communication for
over two decades.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2
Company Directory
2
Letter from the Chairman
3
Directors’ Report
7
Auditor's independence Declaration
25
Consolidated Financial Statements
Statement of Profit or Loss and Other
Comprehensive Income
26
Statement of Financial Position
27
Statement of Changes in Equity
28
Statement of Cash Flows
29
Notes to the Financial Statements
30
Consolidated Entity Disclosure Statement
56
Directors’ Declaration
57
Auditor’s Report
58
Security Holder Information
61
C O N T E N T S
Directors
Mr Simon Lister Wallace
Mr Michael Ian Capocchi
Mr Mark Allan Chartres
Mr Peter Kopanidis
Company Secretary
Mr Dennis Frank Payne
Registered office &
Principal place of business
Unit 5/8 Anzed Court
Mulgrave, VIC, 3170
Ph: (03) 8561 4200
Share Register
Link Market Services Ltd
Locked Bag A14
Sydney South, NSW, 1235x
Ph: 1300 554 474
Auditor
RSM Australia Partners
Level 27, 120 Collins Street
Melbourne, VIC 3000
Ph: (03) 9286 8000
Solicitors
Thomson Geer
Level 23, Rialto South Tower, 525 Collins Street
Melbourne, VIC, 3000
Ph: (03) 8080 3500
Stock Exchange Listing
Beam Communications Holdings Limited shares
are listed on the Australian Securities Exchange
(ASX code: BCC)
Corporate Governance
Statement
The Corporate Governance statement can be
found on the investors page at
https://www.beamcommunications.com/
investors/corporate-governance
Email
investor@beamcommunications.com
ASX Office
Based in Melbourne
ASX Code
BCC
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Letter from the
Chairman
Dear Shareholders,
On behalf of the Board, I am pleased to present the
following Chairman’s Report for the financial year ending 30
June 2024. This report provides an overview of the Group’s
performance, strategic achievements, in what has been a
challenging year, and future outlook.
FY24 brought considerable external pressures on consumer
spending, in our sector and beyond, domestically and
globally, which directly impacted our financial results.
Despite these headwinds, and these are reasons, not
excuses, I am proud to say that your Company has shown
remarkable resilience, remaining focused on delivering our
commitments and pursuing growth opportunities.
The Group’s trusted products consistently deliver
outstanding outcomes for our customers. The case studies
highlighted in the FY24 results announcement showcase
diverse and highly valued user experiences, demonstrating
how reliable is our technology. From enhancing travel
experiences to ensuring dependable performance in
extreme conditions, or boosting communication and
connectivity in remote areas, our products have proven
their value for recreational, safety and emergency response
scenarios. They can literally be life-saving.
The full Directors’ Report contains more extensive
information on the Group’s performance in the financial
year, but I would like to present the following highlights.
Financial Performance
The Group’s FY24 financial performance reflected the tough
market conditions we faced throughout the year. Group revenue
declined 17% over the previous financial year to $32.8 million.
This decline reflects a softer overall performance, exacerbated
by the timing of hardware sales, with FY23 reflecting the benefit
of the initial shipment for Iridium GO exec® in late 2022.
Consequently, earnings before interest, tax, depreciation and
amortisation (EBITDA) excluding one-off ZOLEO arbitration costs,
dropped by 27% to $3.1 million (FY23: $4.3 million) and our Net
loss after tax was $1.8 million.
Despite the weaker FY24 results I am proud to highlight the
Group’s impressive multi-year growth trajectory. Over the past
three years, we have achieved a Revenue Compound Annual
Growth Rate (CAGR) of 21%, and our EBITDA CAGR, excluding
one-off arbitration expenses, was at 18%.
Beam maintained a stable Gross Margin of 30.4% in FY24 (FY23:
30.8%), showcasing resilience amid cost pressures and the margin
benefit of a higher quality revenue mix.
Total recurring revenues show robust growth, up 67% in FY24,
driven by a 45% increase in ZOLEO royalty revenue to $1 million
and an 85% surge in other recurring revenue. Beam’s annualised
subscription revenue grew 44% to an annual level now exceeding
$3.2 million.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Cash and Funding
The Group’s cash holdings at 30 June 2024,
were $3.1 million. While this represents a
decrease from $5 million at 30 June 2023,
occasioned in particular by arbitration
costs, the Company’s financial position
remains
robust
and
comfortably
positioned
to
fund
the
remaining
payments envisaged to conclude the
ZOLEO arbitration process.
Beam achieved a positive free cash
flow of $0.8 million, after excluding
approximately $2.4 million in one-off
ZOLEO arbitration-related payments.
A key factor in this achievement was
Beam’s continued capex spend focus,
resulting in four consecutive quarters
of lower capital expenditure through
improved efficiency and effectiveness.
Notably,
our
Operating
cash
flows
amounted to $1.3 million, bolstered by
strong cash receipts of $36.5 million. This
performance underscores our strong financial
health and our commitment to advancing our
strategic objectives while effectively managing
our obligations.
The Company remains debt free, although it has
access to facilities in need.
Outlooks and Projects
We are committed to growing the business and creating long-term value for
our shareholders.
The Group expects strong performance from our core Beam branded docks and accessories,
positioning us for continued success. We have ongoing committed orders from Iridium into
FY25 for Go Exec and Go! to enhance our market presence. Beam is anticipating continued growth in
recurring revenues, driven by the increasing contribution from ZOLEO royalty revenue, while a continuing change
in revenue mix is also expected in FY25. The outlook underscores our strategic focus on expanding high-margin revenue
streams and reinforces long-term growth potential. Growth in recurring revenue will be more than offset by the reduction in lower-
margin hardware revenue, leading to an overall decrease in total revenue.
Beam remains focused on driving EBITDA growth through higher-margin recurring revenue and strict cost control, ensuring strong
profitability, even despite lower total revenue. The Company is committed to CAPEX efficiency and optimising investments to sustain
long-term growth and financial stability. With effective cost management and prudent CAPEX allocation, Beam projects positive Free
Cash Flow in FY25, supporting a healthy financial position and offering optionality as to priorities and activity.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Arbitration
I want to address a significant ongoing matter that has required considerable attention and effort from our leadership team — the ZOLEO
arbitration. This process has required and received exceptional dedication from our CEO, CFO, and CTO all while managing the business.
As a non-executive director ZOLEO Inc, I say this having had direct visibility on these matters.
The arbitration can potentially deliver a value-accretive decision for Beam, whether Beam emerges as the sole owner of the ZOLEO
entity, or divests and crystallises value from its holding, which is presently negligibly reflected on our balance sheet. We are optimistic
that the resolution of this matter will not only clarify the future ownership of ZOLEO but also position us favorably for future growth.
A major shift in momentum and focus is expected following the ZOLEO arbitration outcome. I share investors’ frustration that this
process has been both necessary and prolonged, but am very enthused about the value-enhancing opportunities expected to be available
to your company, in the near future.
S O U R C E : Z O L E O A M B A S S A D O R O U T B A C K M I K E
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Enhanced Governance and Guidance
In January 2024, we were pleased to welcome Mr Peter Kopanidis as an Independent Non-Executive Director of Beam. Mr Kopanidis is also a
Director at Petra Investor Relations & Debt Advisory, a service provider to ASX-listed companies. He is a highly credentialed and experienced
finance executive with a proven track record in Corporate Treasury, Investor Relations and Corporate Finance - including M&A. With more than
30 years of extensive experience, the Board and I are confident that Mr Kopanidis will bring significant value to the Company. Indeed, he already
has.
Finally, I want to express my gratitude to everyone who supported the Group throughout this uncertain period. Your feedback and engagement
is vital and valued. My thanks and appreciation go out to Beam’s Board, Senior Management, and all our dedicated staff who remained focused
and productive despite the commercial ambiguity we faced.
I also want to acknowledge our customers and shareholders for their unwavering trust in our products and belief in the future of the Company.
Your support motivates us to continue striving and remain dedicated to delivering on our commitments.
20+ YEARS of
• Experience
• Expertise
• Excellence
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Chairman
Age: 50
Simon Wallace is a corporate lawyer and
based in Melbourne, having previously
been an equity partner of the largest law
firm in the world. He is now the Founder
& Managing Partner of his own boutique
legal practice.
With extensive legal and commercial
proficiency and particular expertise in
the areas of project finance, fundraising
and corporate governance, Simon has
substantial professional experience in the
areas of investment banking, structured
and direct equity investments, product
formulation and sales.
Simon is admitted to practice as a
barrister and solicitor of the Supreme
Court of Victoria, the Federal Court of
Australia and the High Court of Australia,
and he holds degrees from the Australian
National University in both Law and
Commerce.
Since its inception in August 2018, Simon
has been a Director of Zoleo Inc. the
joint venture entity of which the Group
is a 50% partner with Roadpost Inc of
Canada.
Simon Wallace has been a Director of
Beam Communications Holdings Limited
since 5 February 2015 and was elected
Chairman on 22 December 2016.
Directors’ Report
The Directors present their report, together with
the financial statements, on the consolidated entity
(referred to hereafter as the ‘Group’) consisting of Beam
Communications Holdings Limited (referred to hereafter
as the ‘Company’ or ‘Parent Entity’) and the entities it
controlled at the end of, or during, the year ended 30
June 2024.
Directors
The following persons were directors of Beam Communi-
cations Holdings Limited during the whole of the financial
year and up to the date of this report, unless
otherwise stated:
Mr Simon Lister Wallace (Non-Executive Chairman)
Mr Michael Ian Capocchi (Managing Director)
Mr Mark Allan Chartres (Non-Executive Director)
Mr Peter Kopanidis (Non-Executive Director, appointed
15 January 2024)
Company Secretary
Mr Dennis Frank Payne
The qualifications, experience and special responsibilities
of each of the directors who held office during the year
are:
Simon Lister Wallace
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Managing Director
Age: 53
Michael Capocchi has over 25 years’
experience in the ICT industry and has
held several senior management positions.
Michael is based in Chicago, USA, which
places him closer to the important centres
for satellite communications in the USA
and UK/Europe.
Michael joined Beam Communications
Holdings Limited as the General Manager
of the subsidiary, Beam Communications
Pty Ltd, in 2003 and was appointed
as Managing Director of Beam
Communications Holdings Limited in
March 2008.
Prior to joining the Group, Michael was
the Regional Sales Director for Iridium
Satellite LLC, directly managing the sales,
distribution and channel management
strategies for the Asia-Pacific region.
Michael has held senior management
positions as the Sales and Marketing
Director of Pacific Internet responsible
for establishing the Australian operations
of the company and with Optus
Communications.
Since its inception in August 2018,
Michael has been a Director of Zoleo
Inc. the joint venture entity of which the
Group is a 50% partner with Roadpost Inc
of Canada.
Michael Capocchi is an integral part of
the Group’s business, including managing
the day-to-day operations of the group
which occasions extensive domestic and
international travel.
Non-Executive Director
Age: 45
Mark Chartres was appointed to the
Board of Directors as an Independent
Non-Executive Director, commencing on
1 February 2022. Mark has spent nearly
two decades professionally engaged
in financial markets, including with
Macquarie Group and presently Shaw
and Partners. Mark’s knowledge of our
business, financial acumen and investment
experience materially augments the
Board’s skills matrix.
Non-Executive Director
Age: 57
Peter Kopanidis is a seasoned finance
professional with over three decades
of experience and has a proven track
record in Corporate Treasury, Investor
Relations and Corporate Finance –
including M&A.
With a diverse industry background
encompassing roles with some
of Australia’s leading brands in
Telecommunications, Manufacturing,
Healthcare, Insurance, Financial
Services, and FMCG, Peter brings a
wealth of commercial and financial
acumen to Beam. Peter’s extensive
experience positions him well to
contribute strategic guidance, especially
around capital allocation and enhancing
the overall functionality and output of
the Board.
Peter Kopanidis is currently a Director
at Petra Investor Relations & Debt
Advisory, a service provider to ASX-
listed companies. Previously, he served
as Senior Executive – Corporate Finance
at Medibank, overseeing IR and Treasury
& Investments. For Peter’s three-year
tenure at Telstra, he was Executive
Director – Investor Relations and was
Treasurer for a twelve-month period.
Peter also spent three years at Treasury
Wine Estates as Global Director –
Corporate Finance and held a four-year
position as Group Treasurer at Foster’s
Group.
Peter Kopanidis is a Chartered
Accountant and holds a Bachelor of
Business - Accounting. Peter started his
career as an Auditor at KPMG.
Michael Ian Capocchi
Mark Allan Chartres
Peter Kopanidis
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Directorships of Other Listed Companies
No Director of Beam Communications Holdings Limited has been a director of a listed company in the three years immediately before the
end of the financial year.
Principal Activities
The activities of the Group and its controlled entities during the year were the development and marketing of a range of communication
products and services, mainly satellite based.
Dividends
There were no dividends paid, recommended or declared during the financial year.
Review of Operations
The loss for the Group after providing for income tax amounted to $1,786,000 (30 June 2023: profit of $2,075,000).
A summary of the result for the year is as follows:
2024
2023
($'000)
($'000)
Revenue
32,752
39,552
Other income (excl. interest)
442
529
Deduct:
Cost of goods sold, research & development, administrative
marketing and corporate expenses administrative marketing
and corporate expenses
(33,085)
(35,873)
Operating profit before amortisation, depreciation, interest and tax
109
4,208
Deduct:
Amortisation and impairment
(2,425)
(1,987)
Depreciation
(236)
(200)
Interest
(22)
(96)
Operating profit
(2,574)
1,925
Income Tax Benefit
788
150
Net (loss)/profit for year
(1,786)
2,075
Total comprehensive (loss)/income for year
(1,786)
2,075
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Profit and Performance
The Group’s proven products continue to deliver remarkable outcomes for
customers.
Group operating revenue decreased 17% in FY24 to $32.8 million due to
overall softer performance, exacerbated by the timing of hardware sales,
including for Iridium GO! exec®.
Earnings before interest, tax, depreciation and amortisation (EBITDA)
excluding one-off Zoleo arbitration costs also fell by 27% to $3.1
million (FY23: $4.3 million). Net loss after tax was $1.8 million.
The Group has delivered an impressive multi-year growth in
performance. The Group’s 3-year Revenue CAGR is 21% and the
EBITDA CAGR for the same period (excluding one-off arbitration
expenses to support the ZOLEO arbitration process) is 18%.
The higher quality revenue mix, influenced by the strategic focus
favouring higher margin recurring revenue away from lower margin
hardware revenue and disciplined cost control helped to mitigate some
of the earnings impacts from the decline in total revenue.
Despite the revenue decline Beam’s Gross Margin held steady at 30.4% in
FY24 (FY23: 30.8%), demonstrating resilience in the face of cost pressures
and the higher quality revenue mix.
Most of Beam’s key businesses experienced revenue declines due to softer
performance exacerbated by the timing of hardware sales, with FY23 reflecting
the benefit of the initial shipment for Iridium GO exec® in late 2022.
The continuing strong growth in recurring revenues is offset by lower hardware sales
excluding Zoleo. Total recurring revenue has increased by 67% in FY24. Growth in
recurring revenue is driven by the increased contribution from ZOLEO royalty revenue
of $1 million, which was up by 45% and other recurring revenue has increased by 85%.
Cash and Funding
Beam reported positive free cash flow (operating and investing cash) of $0.8 million after funding approximately
$2.4 million of payments related to ZOLEO arbitration. Including the payments relating to ZOLEO arbitration Beam
generated Operating cash flows of $1.3 million following strong cash receipts of $36.5 million.
A contributing factor in achieving positive free cash flow in FY24 was the continued reduction in Beam’s capex spend. With a
heightened focus on the efficiency and effectiveness of the capex program, the Company has delivered 4 consecutive quarters of capex
reductions.
The Group’s cash holdings at 30 June 2024 were $3.1 million, reflecting a decrease from $5 million at 30 June 2023. Despite the change in
cash position, the Company is well funded to continue its targeted capital investment and product development program, as well as fund
residual payments for the ZOLEO arbitration process.
The Company remains debt free.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Outlook and Projects
Beam is poised for continued success, with strong performance
anticipated in core Beam branded docks and accessories. The
Company secured orders from Iridium for Go Exec and Go!
products in FY25, further boosting market presence. Additionally,
the Company forecasts continued growth in recurring revenues,
reinforcing its strategic position and commitment to shareholders.
A significant transformation following the Zoleo arbitration
outcome is anticipated, where Beam will either take full control of
Zoleo Inc. or crystalise value from its 50% JV ownership.
Beam anticipates a continuing shift in its revenue mix, driven by
strategic decisions aimed at enhancing the overall quality of earn-
ings. It is expected to see a growth in high-quality, higher-margin
recurring revenue streams, offset by a continued decline in low-
er-margin hardware revenue. For FY25, Total revenue is expected
to decline largely due to the lower hardware sales.
The Company remains committed to driving EBITDA growth
through the increased contribution of higher-margin recurring
revenue and continued cost control. This disciplined approach
ensures that even with a reduction in total revenue, profitability
remains robust.
The Company’s focus on capital expenditure (CAPEX) efficiency
continues to be rigorous. Reflecting an ongoing commitment
to optimising capital investments to support long-term growth
without compromising financial stability.
Beam expects to see positive Free Cash Flow in FY25, under-
pinned by the quality of revenue streams, effective cost man-
agement, and prudent CAPEX allocation. This strong cash flow
performance will enable the Company to maintain a healthy
financial position.
Zoleo Arbitration
During the period Beam announced it was commencing formal
proceedings by way of arbitration with its Zoleo Inc. JV Part-
ner, Roadpost Inc. The Canadian arbitration will facilitate the
resolution of the parties’ matters of dispute and we expect, the
ownership of the JV.
The Company regards as objectively compelling its claim that
Roadpost has, through its acts, conduct and omissions, details of
which would be unwise to reveal in this document, breached var-
ious and essential terms of the Joint Venture Agreement between
the parties, thereby availing Beam of certain rights and remedies.
Beam’s obligations to its shareholders demands that these rights
be prosecuted against Roadpost and Beam has entered the arbi-
tration process willingly and confidently.
In Canada on 29 April 2024 there was an Arbitration Court hear-
ing lasting 2 weeks between Beam and Roadpost. In early June
2024 written final submissions were provided.
Following a ruling by the Arbitrator, which is expected shortly, the
future ownership of ZOLEO is expected to be resolved.
The Arbitration has the potential to provide a value accretive
decision for Beam.
S O U R C E : C H R I S B U R N S
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Material business risks to strategy and financial performance
Beam has identified a number of material risks that may affect the success of the business over the coming periods, including some that
are not directly within its control. The Company’s risk management approach involves the ongoing assessment, monitoring and reporting
of risks that could impede its progress in delivering its strategic priorities. The key risks are outlined below (not ranked in any order),
although it is important to note that as Beam’s business continues to grow and evolve, these risks and the Company’s risk profile may
change.
FOREIGN EXCHANGE RISK
Beam’s equipment and services are sold around the world and
most of its revenue is derived in US dollars. This exposes the
Company to fluctuations in exchange rates, which are driven by
market forces outside its control. A change in the exchange rate
to the Australian dollar may have a positive or negative effect on
the business.
PARTNERSHIP RISKS
Beam has established partnerships with most of the world’s
largest satellite operators, particularly Iridium Communications.
A breakdown of such partnerships is likely to impede on the
Company’s ability to offer hardware and services to Beam’s clients
and such an outcome may have a material and negative impact on
its financial performance.
TECHNOLOGICAL CHANGES AND COMPETITION
The industry that Beam operates in is subject to constant
technological change. These changes often bring new
opportunities and competitive threats. To ensure the continual
growth and profitability of the business, Beam must constantly
be vigilant of these changes and invest in improving its existing
offering and developing new innovations.
CHANNEL PARTNER SUPPORT
As Beam’s products and services are sold in Australia and
globally, it relies on its network of channel partners. Beam’s
ability to acquire and retain these partners will have a material
impact on the continued growth in revenue and profitability of
the Company. Beam protects its channel network by ensuring
these partners can make a reasonable margin and carefully
manages sales of its products and services on third-party online
marketplaces.
ACCESS TO CAPITAL AND DEBT
Beam’s ability to fund future growth and profitability may be
affected by its ability to access funding from equity investors,
credit markets and other financial institutions. This access is
dependent on several factors, such as the Company’s financial
performance, but may also include factors that are outside its
control, such as general economic and market conditions. There
is a risk that the Company may be unable to access debt or equity
funding when required on favourable terms, or at all.
REGULATORY AND COMPLIANCE RISKS
The telecom and satcom industries are highly regulated in
each country. These rules and regulations allowing access to
services may change with little warning and can have a positive
or negative impact on Beam’s financial performance. Further,
Beam has to ensure it receives the necessary approvals and meet
required industry standards in all countries before it can sell its
hardware in those markets.
CYBER SECURITY RISKS
Beam’s IT systems contain sensitive information on its products
and technology, along with customer and third-party information.
While Beam exercises due care in protecting its data, it is possible
that these measures will not be enough to prevent unauthorised
access to its systems and technologies. Such a breach may expose
the Company to financial loss, reputational damage and legal
consequences, including claims for compensation by customers or
penalties by telecommunications regulators or other authorities.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Directors and Investors
There were no changes in the issued capital of the Group during
the year.
Mr Simon Wallace, a shareholder in the Group, has been a
Director for nine years and is currently the Non-Executive
Chairman of the Board. Simon has lengthy and detailed expertise
in legal and commercial matters and leads the Board and
the Group in fund raising activities, strategic and corporate
governance advice.
Mr Michael Capocchi is an Executive Director and holds the
positions of Managing Director and Chief Executive Officer for
all companies in the Group. His base in the USA enables him to
easily visit the Middle East and UK/Europe, where many core
clients are based, as well as domestically within the US. Michael
travels frequently to Australia and retains direct and daily contact
with management. Michael is also a significant shareholder in the
Group.
Mr Mark Chartres has been a Director since early 2022 and he
has spent nearly two decades professionally engaged in financial
markets, including with Macquarie Group and Shaw and Partners
(presently). He is very familiar with the Group’s operations,
aspirations and investment profile, and has in the past assisted in
furthering the Group’s funding requirements as well as providing
counsel on key investor expectations and priorities.
Mr Peter Kopanidis, a shareholder in the Group, joined the Board
during the year and has provided valuable financial acumen and
investor relations and funding insights to the Board. Additionally,
he is very familiar with statutory reporting and governance
obligations in the ASX listed environment and accordingly is Chair
of the Audit Committee.
The Directors believe the Group is well placed to continue to
deliver strong result in FY25 due to the Group’s strong balance
sheet and many growth options, including the continued success
of the existing products, ongoing geographical expansion of
ZOLEO, and the strong build in ZOLEO royalty payments.
Significant changes in the state
of affairs
Other than those noted above there were no significant changes
in the state of affairs of the Group during the financial year.
Matters subsequent to the end
of the financial year
No matter or circumstance has arisen since 30 June 2024 that
has significantly affected, or may significantly affect the Group’s
operations, the results of those operations, or the Group’s state of
affairs in future financial years.
Likely developments and
expected results of operations
The company will continue the development and marketing of a
range of communications devices, mainly satellite based.
Further information on likely developments in the operations of
the Group and the expected results of operations have not been
included in this report because the directors believe it would be
likely to result in unreasonable prejudice to the Group.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Environmental Regulation
The Group is not subject to any significant environmental
regulation under Australian Commonwealth or State law.
Meetings of Directors
The number of meetings of the Group’s Board of Directors (‘The
Board’) and of each Board committee held during the year ended
30 June 2024, and the number of meetings attended by each
Director were:
Directors Meetings Commitees
Attended
Maximum
Attended
Maximum
Attendable
Attendable
M Capocchi
15
16
-
-
S Wallace
16
16
2
2
M Chartres
15
16
1
1
P Kopanidis
6
6
1
1
Maximum Attendable: represents the number of meetings held
during the time the director held office.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
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Remuneration report (audited)
The remuneration report details the key management personnel remuneration arrangements for the Group, in accordance with the
requirements of the Corporations Act 2001 and its Regulations.
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of
the entity, directly or indirectly, including all Directors.
The remuneration report is set out under the following main headings:
•
Principles used to determine the nature and amount of remuneration
•
Details of remuneration
•
Share-based compensation
Principles used to determine the nature and amount of
remuneration
This report details the nature and amount of remuneration for each Director and KMP of Beam Communications Holdings Limited.
Remuneration Policy
The Group is committed to remunerating its Executive Directors and senior executives in a manner that is market-competitive, consistent
with best practice and which supports the interests of shareholders. The Group aims to align the interests of Executive Directors and
senior executives with those of shareholders by remunerating through performance and long-term incentive plans in addition to fixed
remuneration.
The remuneration of Non-executive Directors is determined by the Board having regard to the level of fees paid to non-executive
directors by other companies of similar size and stature and in aggregate must not exceed the maximum annual amount approved by the
Group’s shareholders, currently $500,000, as determined at the General Meeting held on 3 August 2007.
Senior executives’ remuneration consists of the following elements:
•
fixed salary;
•
short-term incentive bonus where applicable based on performance
•
long-term incentive share option scheme; and
•
other benefits including superannuation.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
1 6
2024
2023
2022
2021
2020
Net profit/(loss) before tax ($’000)
(2,574)
1,925
121
780
(1,518)
EBITDA ($’000)
109
4,208
1,409
1,929
3,052
Basic earnings per share (cents)
(2.07)
2.40
(0.22)
0.76
(0.31)
Share price at 30 June ($)
0.15
0.18
0.20
0.24
0.17
Market Capitalisation at 30 June ($m)
12.53
15.60
17.28
17.64
8.99
Dividends per share
Nil
Nil
Nil
Nil
Nil
Fixed Salary
The salary of senior executives is determined from a review of the market and reflects core performance requirements and expectations.
In addition, the Company considers the following:
•
The scope of the individual’s role;
•
The individual’s level of skill and experience;
•
Legal and industrial obligations;
•
Labour market conditions; and
•
The complexity of the Company’s business.
The purpose of a performance bonus is to reward an individual’s actual achievement of performance objectives and for materially
improved Group performance. Consequently, performance-based remuneration is paid where a clear contribution to successful outcomes
for the Group is demonstrated and the individual attains and excels against pre-agreed key performance indicators during a performance
cycle.
In assessing the relative performance of the senior executives and the Group as a whole measured against the primary objective
of enhancing shareholder value over time, the Board has regard to key financial indicators. In accordance with Section 300A of the
Corporations Act 2001 the following table summarises the Group’s performance over the last 5 years.
The Board believes the above table goes some way to illustrate the positive direction the Group has taken over the past 5 years and is
reflective of much, but not all, of the performance of senior executives during that period. Due to the nature of the Groups business,
there are often major influences on a particular financial year’s profit result.
Confidence in the strategy and long-term growth agenda was clearly demonstrated in FY24 by the Group’s EBITDA excluding one-
off arbitration costs and the continuous success of our product penetration into the personal communications device (PCD) market,
especially ZOLEO.
Long-term Incentives
The Group’s Share Options Incentive Plan, in which Directors and senior executives may participate, was approved by shareholders on 27
October 2017 and authorises the Directors to issue options in respect of up to 10% of the shares on issue at a given time.
The Group ensures that the payment of equity-based executive remuneration is made in accordance with thresholds set in plans
approved by shareholders.
As noted in this report, options were issued to a Director during the 2024 financial year, reflecting sign on obligations.
Other Benefits
Senior executives are entitled to statutory superannuation and other bonus payments subject to the discretion of the Managing Director
and the Board.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
1 7
KMP
Notice
Termination Payment
Non-Compete
Term
S Wallace
None
None
None post-employment
No fixed term
M Capocchi
9 months
Notice paid in leu
None post-employment
36 months
(after minimum term
from 1 July 2022
of 27 months)
M Chartres
None
None
None post-employment
No fixed term
P Kopanidis
None
None
None post-employment
No fixed term
W Christie
1 month
Notice paid in leu
12 months
No fixed term
D Sleigh
3 months
Notice paid in leu
None post-employment
No fixed term
Employment Contracts
Details of Remuneration
Details of the remuneration of key management personnel of the Group are set out in the following tables on the next page.
The key management personnel of the Group consisted of the following Directors of Beam Communications Holdings Limited:
•
Mr S Wallace - Non-Executive Chairman
•
Mr M Capocchi - Executive Managing Director
•
Mr M Chartres - Non-Executive Director
•
Mr P Kopanidis - Non-Executive Director
And the following persons:
•
Mr W Christie - Chief Technical Officer
•
Mr D Sleigh - Chief Financial Officer
The remuneration for each director and each of the other key management personnel of the Group receiving the highest remuneration
during the year was as follows:
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
1 8
Short-term benefits
Post-
employment
benefits
Long-term
benefits
Share-based
payments
Cash salary
and fees
Cash bonus and
commission
Employee benefits
payable (b)
Superannuation
Employee
benefits payable
Options
(a)
Total
30 June 2024
$
$
$
$
$
$
$
Non-Executive
Directors:
Mr S Wallace
70,908
-
-
7,977
-
-
78,885
Mr M Chartres
29,167
-
-
-
-
21,595
50,762
Mr P Kopanidis
22,522
-
-
2,477
-
1,187
26,186
Executive
Directors:
Mr M Capocchi
(c,d)
534,109
40,000
(16,926)
64,531
10,023
44,653
676,390
Other Key
Management
Personnel:
Mr W Christie
253,112
20,000
13,416
29,930
8,466
-
324,924
Mr D Sleigh
250,000
20,000
11,179
30,299
1,528
30,633
343,639
1,159,818
80,000
7,669
135,214
20,017
98,068
1,500,786
Short-term benefits
Post-
employment
benefits
Long-term
benefits
Share-based
payments
Cash salary
and fees
Cash bonus and
commission
Employee benefits
payable (b)
Superannuation
Employee
benefits payable
Options
(a)
Total
30 June 2023
$
$
$
$
$
$
$
Non-Executive
Directors:
Mr S Wallace
70,909
-
-
7,445
-
-
78,354
Mr M Chartres
20,833
-
-
-
-
35,412
56,245
Mr D Stewart
21,666
-
-
-
-
-
21,666
Executive
Directors:
Mr M Capocchi
(c)
361,236
266,407
21,635
50,894
13,255
44,531
757,958
Other Key
Management
Personnel:
Mr W Christie
243,378
-
(2,214)
25,292
9,498
-
275,954
Mr D Sleigh
209,999
40,000
6,478
22,050
873
30,549
309,949
928,021
306,407
25,899
105,681
23,626
110,492
1,500,126
(a) Option based compensation relates to the value of options issued to date and brought to account pro-rata to the time period from the date
of granting to the date of vesting, except where Accounting Standard AASB 2 required expensing to begin from the commencement of service
related to those options, notwithstanding that the issue of those options, in the case of Directors was subject to shareholder approval, and in
the case of key management employees, subject to performance review.
(b) Employee benefits payable represents net increase in benefits payable charged to the consolidated statement of profit or loss and other
comprehensive income in the current year.
(c) The majority of Mr Capocchi’s remuneration is in US dollars. For 2024 his remuneration has been converted into AU dollars monthly and the
rate average for the year was 0.6573. (2023: 0.6630)
(d) The board sets the CEO’s annual key performance indicators, to be achieved for the CEO to become eligible for any remuneration beyond his
base salary. As 2 of those 5 KPIs were achieved in FY24, Mr Capocchi was not entitled to receive a long-term incentive for this financial year
and only 40% of the short-term bonus he may otherwise have earned, had all KPIs been met.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
1 9
The proportion of remuneration linked to performance and the fixed proportion are as follows:
Fixed remuneration
At risk - STI
At risk - LTI
Name:
30 June 2024
30 June 2023
30 June 2024
30 June 2023
30 June 2024
30 June 2023
Non-Executive
Directors:
Mr S Wallace
100%
100%
-
-
-
-
Mr M Chartres
57%
37%
-
-
43%
63%
Mr P Kopanidis
95%
-
-
-
5%
-
Executive Directors:
Mr M Capocchi
87%
59%
6%
35%
7%
6%
Other Key
Management
Personnel:
Mr W Christie
94%
100%
6%
-
-
-
Mr D Sleigh
85%
77%
6%
13%
9%
10%
Share-based Compensation
Share holdings
The number of shares in the Company held during the financial year by each key management person including their personally related parties are set out below:
2024
Balance
1 July 2023
Received as
remuneration
Options
exercised
Placement
issue
Ceasing to be
a KMP
Net change
other (a)
Balance
30 June 2024
Directors:
Mr S Wallace
200,000
-
-
-
-
150,000
350,000
Mr M Capocchi
3,124,320
-
-
-
-
-
3,124,320
Mr M Chartres
-
-
-
-
-
-
-
Mr P Kopanidis (c)
-
-
-
-
-
55,500
55,500
Other:
Mr W Christie
62,778
-
-
-
-
-
62,778
Mr D Sleigh
18,182
-
-
-
-
-
18,182
3,405,280
-
-
-
-
205,500
3,610,780
2023
Balance
1 July 2022
Received as
remuneration
Options
exercised
Placement
issue
Ceasing to be
a KMP
Net change
other (a)
Balance
30 June 2022
Directors:
Mr S Wallace
200,000
-
-
-
-
-
200,000
Mr M Capocchi
2,832,099
-
-
-
-
292,221
3,124,320
Mr D Stewart (b)
10,905,000
-
-
-
(10,905,000)
-
-
Mr M Chartres
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Other:
Mr W Christie
62,778
-
-
-
-
-
62,778
Mr D Sleigh
18,182
-
-
-
-
-
18,182
14,018,059
-
-
-
(10,905,000)
292,221
3,405,280
(a) Net change other refers to shares purchased or sold on-market or off-market at current market prices during the financial year.
(b) David Stewart resigned as a director on 30 September 2022.
(c) Peter Kopanidis was appointed as a Director on 15 January 2024. Upon appointment Mr Kopanidis held no shares in the Group.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 0
Options
The number of options over ordinary shares in the Company held during the financial year by each key management person including their personally
related parties is set out below:
2024
Balance
1 July 2023
Granted as
remuneration
Issued as equity
investment
Options
exercised
Options
lapsed
Balance
30 June 2024
Directors:
Mr S Wallace
-
-
-
-
-
-
Mr M Capocchi
530,798
-
-
-
-
530,798
Mr M Chartres
1,300,000
-
-
-
-
1,300,000
Mr P Kopanidis
-
178,000
-
-
-
178,000
Other:
Mr W Christie
-
-
-
-
-
-
Mr D Sleigh
404,546
-
-
-
(4,546)
400,000
2,235,344
178,000
-
-
(4,546)
2,408,798
2023
Balance
1 July 2022
Granted as
remuneration
Issued as equity
investment
Options
exercised
Options
lapsed
Balance
30 June 2023
Directors:
Mr S Wallace
-
-
-
-
-
-
Mr M Capocchi
530,798
-
-
-
-
530,798
Mr D Stewart
-
-
-
-
-
-
Mr M Chartres
200,000
1,100,000
-
-
-
1,300,000
Other:
Mr W Christie
-
-
-
-
-
-
Mr D Sleigh
404,546
-
-
-
-
404,546
1,135,344
1,100,000
-
-
-
2,235,344
All options held by Directors and key management personnel at 30 June 2024 were currently un-exercisable as at balance date, aside
from the following:
Shares issued on exercise of remuneration options
No shares were issued on exercise of remuneration options during the current period.
Holder
Grant date
Vesting date
Expiry date
Number
Exercise Price
Mr M Chartres
1 February 2022
1 February 2023
1 February 2025
200,000
0.53
Mr M Chartres
2 December 2022
2 December 2023
2 December 2024
1,100,000
0.30
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 1
2024
Name
Grant date
Vesting date
Number of
options
granted
Value of
options
granted $
Value of
options
vested $
Value of
options
exercised $
Value of
options
lapsed $
Directors:
Mr S Wallace
-
-
-
-
-
-
-
Mr M Capocchi
-
-
-
-
-
-
-
Mr M Chartres
-
-
-
-
-
-
-
Mr P Kopanidis
09/02/2024
09/02/2025
178,000
6,113
-
-
-
Other:
Mr W Christie
-
-
-
-
-
-
-
Mr D Sleigh
-
-
-
-
-
-
-
2023
Name
Grant date
Vesting date
Number of
options
granted
Value of
options
granted $
Value of
options
vested $
Value of
options
exercised $
Value of
options
lapsed $
Directors:
Mr S Wallace
-
-
-
-
-
-
-
Mr M Capocchi
-
-
-
-
-
-
-
Mr D Stewart
-
-
-
-
-
-
-
Mr M Chartres
02/12/2022
02/12/2023
1,100,000
50,853
-
-
-
Other:
Mr W Christie
-
-
-
-
-
-
-
Mr D Sleigh
-
-
-
-
-
-
-
Voting and comments made at the Company’s 2023 Annual
General Meeting (AGM)
At the Company’s most recent AGM, held on 30 November 2023, a resolution to adopt the prior year (2023) remuneration report was put
to the vote and at least 75% of the ‘yes’ votes were cast for the adoption of that report. No comments were made on the remuneration
report at the AGM.
Options Issued
Details of options over ordinary shares granted, vested and lapsed for directors and other key management personnel as part of
compensation during the years ended 30 June 2024 and 30 June 2023 are set out below:
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 2
Details of options granted to and/or vested to key management personnel during the 2024 financial year are outlined below:
2024
Name
Vested No.
Granted No.
Grant date
Value of
options
granted date
Exercise
price
First exercise
date
Expiry
date
Directors:
Mr S Wallace
-
-
-
-
-
-
-
Mr M Capocchi
-
-
-
-
-
-
-
Mr M Chartres
-
-
-
-
-
-
-
Mr P Kopanidis
-
178,000
09/02/2024
0.034
0.30
09/02/2025
09/02/2026
178,000
Others:
Mr W Christie
-
-
-
-
-
-
-
Mr D Sleigh
-
-
-
-
-
-
-
-
-
-
178,000
This concludes the remuneration report, which has been audited.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 3
Shares under option
Unissued ordinary shares of Beam Communications Holdings Limited under option at the date of this report are as follows:
Grant date
Expiry date
Exercise price
Number under option
30 November 2021
31 August 2026
$0.35
530,798
23 December 2021
23 December 2026
$0.35
400,000
1 February 2022
1 February 2025
$0.53
200,000
2 December 2022
2 December 2024
$0.30
1,100,000
9 February 2024
9 February 2026
$0.30
178,000
2,408,798
Shares issued on the exercise of options
No ordinary shares were issued during the year ended 30 June 2024 and up to the date of this report on the exercise of options granted.
Indemnity and insurance of directors and officers
During the year, the Group has paid premiums in respect of an insurance contract to indemnify it’s Directors and officers against liabilities
that may arise from their positions. Directors and officers indemnified include the Company Secretary, all directors and all executive
officers participating in the management of the Group.
Further disclosure required under section 300(9) of the Corporations Act is prohibited under the terms of the insurance contract.
Indemnity and insurance of auditor
The Company has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the Company or any
related entity against a liability incurred by the auditor.
During the financial year, the Company has not paid a premium in respect of a contract to insure the auditor of the Company or any
related entity.
Proceedings on behalf of the company
No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the
Company, or to intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the
Company for all or part of those proceedings.
Non-audit services
There were no non-audit services provided during the financial year by the auditor.
Auditor’s independence declaration
A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately
after this directors’ report.
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 4
Auditor
RSM Australia Partners continues in office in accordance with section 327 of the Corporations Act 2001.
Rounding of amounts
The company is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments
Commission, relating to ‘rounding-off’. Amounts in this report have been rounded off in accordance with that Corporations Instrument to
the nearest thousand dollars, or in certain cases, the nearest dollar.
This report is made in accordance with a resolution of directors, pursuant to section 298(2)(a) of the Corporations Act 2001.
On behalf of the directors
Mr Simon Wallace
Chairman
29 August 2024
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 5
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 6
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 7
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 8
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
2 9
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 0
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 1
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 2
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 3
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 4
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 5
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 6
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 7
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 8
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
3 9
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 0
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 1
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 2
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 3
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 4
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 5
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 6
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 7
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 8
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
4 9
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 0
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 1
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 2
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 3
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 4
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 5
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 6
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 7
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 8
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
5 9
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
6 0
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
6 1
Security Holder
Information
This section includes information required by ASX Listing Rules, which is not disclosed elsewhere in this Annual Report.
As at 31 July 2024:
Number
% of Class
David Stewart
10,905,000
12.62%
FF Okram Pty Ltd
8,634,258
9.99%
Patrison (Asia) Ltd
5,409,874
6.26%
Bolivianos Group
5,148,640
5.96%
HSBC Custody Nominees
3,298,532
3.82%
Michael Capocchi
3,124,320
3.62%
Dr Malaka Ameratunga
2,350,000
2.72%
BNP Paribas Nominees
2,191,437
2.54%
Artpreciation Pty Ltd
1,798,632
2.08%
Vincent Galante
1,590,922
1.84%
Catch 88 Pty Ltd
1,531,519
1.77%
Cedric Schaffer
1,443,652
1.67%
Hotton Family
1,344,487
1.56%
Christopher Silvestro
1,300,000
1.50%
G Chan Pension Pty Ltd
1,091,347
1.26%
Tom Bekiaris
911,835
1.06%
Paul Riethmaier
842,591
0.97%
Mark Ganz
750,000
0.87%
Alan Berrick
697,955
0.81%
Brendan Turnbull
650,000
0.75%
Total Top 20
55,015,001
63.66%
Total Issued
86,421,921
100.00%
T O P 2 0 S H A R E H O L D E R S
Ranges
Number of
holders
% of
holders
1-1,000
273
24%
1,001-5000
281
25%
5,001-10,000
140
12%
10,001-100,000
361
31%
100,001 and above
97
8%
Total number of Holders
1,152
100%
D I S T R I B U T I O N O F S H A R E S
Shares
Minimum $500 parcel at $0.165
3,030
Holders
438
Shares
431,516
% Total Issued
0.5
U N M A R K E TA B L E PA R C E L S
S U B S TA N T I A L S H A R E H O L D E R S
Number held
% of class
David Stewart
10,905,000
12.62%
No options are held by a substantial shareholder to subscribe to
ordinary fully paid shares.
V O T I N G R I G H T S
There are 86,421,921 ordinary fully paid shares held by 1,152
members and these are the only class of share currently issued.
The Company's Constitution provides that every member present
in person, by proxy or by corporate representative or by appointed
attorney shall on the show of hands have one vote and shall on a
poll have one vote for each fully paid share held. The Constitution
also authorises the Chairman to adopt any procedure which is in
the Chairman's opinion necessary or desirable for the proper and
orderly casting or recording of votes at any general meeting of the
Company, whether on a show of hands or on a poll.
HOLDERS OF EACH CLASS OF EQUITY SECURITY
The company has issued:
A. 86, 421,921 ordinary fully paid shares to 1,152 shareholders;
and 2,230,798 unlisted options with varying expiry and prices:
B. 1,100,000 unlisted options @$0.30 each expiring 2 December
2024
C. 200,000 unlisted options @$0.53 each expiring 1 February
2025
D. 400,000 unlisted options @$0.35 each expiring 23 December
2026
E. 530,798 unlisted options @$0.35 each expiring 31 August 2026
B E A M C O M M U N I C AT I O N S H O L D I N G S L I M I T E D
6 2
Beam Communications Holdings Limited
ABN: 39 010 568 804
5/8 Anzed Court,
Mulgrave, Victoria
Australia 3170
Phone: +61 3 8561 4200
Email: investor@beamcommunications.com
Website: beamcommunications.com
Beam Communications Pty Ltd
ABN: 97 103 107 919
5/8 Anzed Court,
Mulgrave, Victoria
Australia 3170
Phone: +61 3 8588 4500
Email: info@beamcommunications.com
Website: beamcommunications.com
Beam Communications USA Inc.
Delaware Corporation No. 5228652
C/- Martensen Wright PC
One Capitol Mall, Suite 670
Sacramento, CA 95814 USA
Phone: +1 800 250 5819 (USA only)
Email: info@beamcommunications.com
Website: beamcommunications.com
SatPhone Shop Pty Ltd
ABN: 40 099 121 276
5/8 Anzed Court,
Mulgrave, Victoria
Australia 3170
Phone: 1300 368 611
Email: info@satphoneshop.com
Website: satphoneshop.com
SatPhonerental Pty Ltd
ABN: 18 114 959 992
5/8 Anzed Court,
Mulgrave, Victoria
Australia 3170
Phone: 1300 368 611
Email: rentals@satphoneshop.com
Website: satphonerentals.com
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