Company Details

Connexion Media Ltd (ASX: CXZ)

ASX Listed
ASX Listed, Growth Stage
Internet, Technology / ICT

Company Information

  • Executive Summary

    Executive Summary

    • Connexion Media Limited (“Connexion” or the “Company”) is a Melbourne based technology company, focusing on revolutionising smart car technology for the automotive industry.
    • Connexion’s flagship product is its telematics software as a service (or “SaaS”), which provides primarily business / fleet vehicle owners with real time telematics on car usage for effective asset management.
    • The Company has executed a milestone deal with General Motors (“GM”) to customise its telematics software and rebrand as GM’s “Commercial Link” product, providing the Company with access to an extensive customer network for the rollout of its technology.
    • GM Commercial Link is the first and only telematics service in the world to use a factory-equipped embedded connectivity solution.
    • Connexion was part of a competitive tender process in securing the GM contract beating a number of larger businesses. This provides a significant endorsement of the Company and its technology.
    • Connexion anticipates to reach 50,000 paying monthly telematics subscribers by December 2017, rising to 100,000 paying monthly subscribers by December 2018.
    • Connexion aims to achieve an Average Revenue Per User (or ARPU) of at least $13.50 per telematics subscriber per month (or $162.00 annualised).
    • The Company only needs to secure circa 50,000 subscribers to reach cashflow breakeven (which is anticipated by December 2017).

    • Only Company in the world to have an embedded telematics solution with a major global automaker
    • Extensive experience in the Connected Car software as a service (SaaS) market
    • Commercial relationships in place with many large global automakers including GM, Ford, VW, Skoda, Seat, Peugeot, Citroen and others.
    • Existing commercial products available in both the Telematics and Infotainment categories
    • Global footprint already in place. Headquarters in Melbourne, with sales offices in Detroit and Cambridge to cater for USA and European automakers
    • Products available for both new and aftermarket solutions
    • In-house technology and development team, allowing fast and efficient product development and support
    • Connexion owns all IP and know-how of products developed (excludes purpose-built customer components)
    • Highly competitive pricing model and fast development turnaround, with high quality output
  • Company Highlights

    Company Highlights

    • Revenue generating technology company with a major SaaS contract with General Motors
    • Key performance metrics growing quarter on quarter:
      • ARPU of $13.97 pcm per vehicle
      • Average subscriber growth rate in excess of 50% month on month
      • Subscription conversion rate of 95.7%
      • Average 3.25 subscriptions per customer account
    • Forecast to reach 50,000 subscribers by Dec 2017, rising to 100,000 subscribers by Dec 2018
    • Aim to achieve cashflow break-even in CY2017
    • Expected to achieve at least 2 new territory expansions in CY2017
    • Expected to win at least 1 new SaaS service contract in CY2017
    • Corporate partnerships with multinationals including Microsoft and Oracle
    • Highly scalable technology capable of handling large volumes across multiple automaker and aftermarket devices
  • Board & Management

    Board & Management

    George Parthimos

    Managing Director and CEO
    Mr Parthimos has over 25 years IT experience, predominately in the internet, infrastructure and portfolio management areas. He spent over 10 years working for Telstra Corporation, where he specialised in internet and emerging multimedia products...

    Mr Parthimos has over 25 years IT experience, predominately in the internet, infrastructure and portfolio management areas. He spent over 10 years working for Telstra Corporation, where he specialised in internet and emerging multimedia products and services. In 2000, Mr Parthimos took on the role of broadband infrastructure program manager, where he coordinated an aggregated portfolio of internet infrastructure renewal projects, worth over $80M annually.

    Mr Parthimos has held management positions in the telecommunications, technology, banking and finance, and government sectors. He holds a Bachelor of Business (Computing), a Graduate Certificate of Management, is a Graduate of the Australian Institute of Company Directors (GAICD), and is a certified PRINCE2 project management practitioner. Mr Parthimos was recognised by Bulletin Magazine as a member of their 2007 “Smart 100” list, which highlights the 100 brightest individuals in Australia.

    John Conomos

    Non-Executive Chairman
    Mr Conomos has a 40 year history with the automotive industry and was appointed President of the Federal Chamber of Automotive Industries in March 2006. Previously, John had been FCAI Treasurer from 1994 and was...

    Mr Conomos has a 40 year history with the automotive industry and was appointed President of the Federal Chamber of Automotive Industries in March 2006. Previously, John had been FCAI Treasurer from 1994 and was granted Life Membership of the Federal Chamber in 1995. He has also served as President of the Chamber of Automotive Industries, NSW.
    He was Executive Chairman of Toyota Australia and Managing Officer of Toyota Motor Corporation from 2004 to 2006. In 2006 he became Chairman Emeritus and Principal Policy Advisor to Toyota Australia.

    Mr Conomos was also on the Board of Toyota Financial Services, and Toyota New Zealand.

    Mr.Conomos was awarded the Order of Australia in the Queen’s Birthday Honours List in June 2005.

    Eric Jiang

    Executive Director
    Mr Jiang has completed a Bachelor of Commerce (Honours) and Bachelor of Arts from Monash University and has 15 years’ experience in the financial services sector. In addition to holding senior executive and non-executive positions...

    Mr Jiang has completed a Bachelor of Commerce (Honours) and Bachelor of Arts from Monash University and has 15 years’ experience in the financial services sector. In addition to holding senior executive and non-executive positions within several financial advisory firms, he has personally built a substantial financial advice practice advising local and overseas clients.

    In addition to his work within the financial services sector, Mr Jiang has developed broad expertise as a corporate consultant and advisor. He is currently Executive Director of ASX listed Perpetual Resources Limited (ASX:PEC) and has been a non-executive director of a number of listed companies in Australia and overseas.

    John Dimitropoulos

    Non-Executive Director
    JD is both an entrepreneur and strategic advisor to many tech start-ups in Australia, the US and Asia. He has over 28 years of solid international experience and has lived and worked on 4 continents....

    JD is both an entrepreneur and strategic advisor to many tech start-ups in Australia, the US and Asia. He has over 28 years of solid international experience and has lived and worked on 4 continents. Earlier in his career, JD worked at a C level and was a co-founder and executive in two Australian start-ups with successful exits. His most recent engagements have been in the US with RealNetworks Inc and Rhapsody International where he is a Strategic Advisor and an active member of their Business and Corporate Development Teams.

    JD has been involved in numerous M&A cross border transactions totaling in excess of US$1B.

    JD’s key area of expertise is Telecoms Tech, SaaS and Digital Media. He is on numerous advisory boards in Australia & the US and continues to assist companies in their Corporate Development Activities as an independent advisor. He has a Bachelor of Business (Computing & Accounting) from Deakin University.

    David Connolly

    Non-Executive Director
    Mr Connolly is a Dean Scholarship awarded graduate of the prestigious Swinburne International Bachelor of IT programme and Inferno Award winning graduate of the IBM Global Sales School program. Mr Connolly has successfully overachieved targets...

    Mr Connolly is a Dean Scholarship awarded graduate of the prestigious Swinburne International Bachelor of IT programme and Inferno Award winning graduate of the IBM Global Sales School program.

    Mr Connolly has successfully overachieved targets across Enterprise Technology, Technology Finance, Mining, Construction, Geosciences and Telecommunication industries. Mr Connolly successfully started and expanded a Wholesale Telecommunications and software as a service business, achieving growth through sales and hostile acquisition, successfully exiting the business via asset sale to a listed Australian entity.

    In addition to current growth responsibilities at Oracle Corporation Mr Connolly continues to operate a portfolio of Retail Service Providers with approximately 2000 services under management.

  • Company News
  • Contact Details

    Contact Details