External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

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External broker reports(aggregated public sources)

Equity Bottom-Up

Intelligent Monitoring Group / Equity Bottom-Up

<div><ul><li>Intelligent Monitoring Group (IMB) is a leading provider of security services in ANZ with over 210k business (~60%) and residential (~40%) Monitoring customers.</li><li>The company was founded in 1993 and listed on the ASX as Threat Protect Australia (TPS) in 2015 before rebranding as IMB in December 2021 with a new board and management team.</li><li>IMB underwent a transformative period since FY21, completing $87m of strategic acquisitions (ave. EV/EBITDA: 2.9x), most notably purchasing ADT Security’s ANZ operations from Johnson Controls (JCI) for $45m in FY24 (EBITDA: $20m).</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Intelligent Monitoring Group (IMB) is a leading provider of security services in ANZ with over 210k business (~60%) and residential (~40%) Monitoring customers.The company was founded in 1993 and listed on the ASX as Threat Protect Australia (TPS) in 2015 before rebranding as IMB in December 2021 with a new board and management team.IMB underwent a transformative period since FY21, completing $87m of strategic acquisitions (ave. EV/EBITDA: 2.9x), most notably purchasing ADT Security’s ANZ operations from Johnson Controls (JCI) for $45m in FY24 (EBITDA: $20m).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Intelligent Monitoring Group Limited - An Opportunity Worth Monitoring