Coffee Microcaps Morning Meeting (AMX & JYC) 10 June 2021
Channel: Coffee Microcaps
Date: 2021-06-10

We have the following 2 presenters 
1. Mark Deuter MD of Aerometrex Ltd (ASX: AMX)  
2. Dan Madden CEO of Joyce Corporation Ltd (ASX: JYC) Starts at 30:35

About Aerometrex Ltd (ASX: AMX)
Aerometrex is a geospatial tech company with a focus on providing data-driven insights for a range of business applications. As a preferred supplier to the private & public sector, the company has over 40 years of experience in areas such as aerial imagery and mapping, 3D modelling and airborne LiDAR. The company also offers a subscription-based service known as MetroMap, which gives users easy access to high-quality 2D imagery, 3D reality mesh models and LiDAR-derived products.
Over the years, Aerometrex has showcased global expertise in providing derivative solutions from all types of imagery (large-format aerial, satellite, and UAV) as well as LiDAR. The company’s spatial solutions have underpinned many local, state, and federal projects across areas such as infrastructure, engineering, construction, environment & disaster management, transport and logistics, energy & utilities, etc. The company has won numerous awards for its work across Australia, the USA, and Europe. To find out more about Aerometrex visit https://aerometrex.com.au/about/investors/

About Joyce Corporation (ASX: JYC)
Joyce Corporation Ltd (ASX: JYC) has been established for over 130 years focusing on Business-to-Consumer markets from its Head Office in Perth, Western Australia. Commencing as a foam and furniture manufacturer the company quickly expanded. To compete in a constantly changing environment the group divested the Joyce Foam Products business along with property interests in Moorebank NSW and Brendale QLD while completing the strategic acquisition of 100% of Bedshed Franchising.

In 2014, the group expanded its operations by acquiring 51% of KWB Group Pty Ltd, owners of the iconic Kitchen Connection and WallSpan Kitchen and Wardrobes retail showroom and installation business.

On July 1 2016 Joyce Corporation Ltd acquired a 51% interest in Lloyds Online Auctions Pty Ltd, a long-standing online auction business that also owns 51% of the onsite auction business and valuations business of Lloyds Auctioneers and Valuers Pty Ltd.

After selling its Moorebank NSW property in 2015/16 the company invested in a Perth site that was later developed by Joyce Property Holdings. This location in a tightly held area of Perth’s Osborne Park currently houses Bedshed’s offices and corporate warehouse operations along with Joyce Corporation’s corporate office. Surplus areas are currently leased generating income for the group.

In 2017 the group purchased an existing facility in the Brisbane industrial suburb of Lytton through the KWB business. The site was renovated and leased on a long-term basis to a kitchen supply partner to the group.

In 2018 Lloyds announced an expansion to its national footprint acquiring Macquarie Auction group and Burns Auctions delivering three sites in western NSW. The online auctioneer has now 11 sites across NSW, Vic, WA, QLD and Nth QLD.

In June 2020 Joyce announced the sale of Lloyds to new investment partners who are better placed to lead the Lloyds business forwards. Joyce is pleased with the accomplishments achieved while we partnered with Lloyds, principally:

Trebling the size of the business;
Creating and standing up multiple new verticals;
Restructuring the business taking out 26% of the cost within the business at the time, and Improving governance and systems with changes such as a new ERP system (NetSuite) getting deployed. The Company is currently assessing opportunities across Australia for further investments in established businesses as well as increased national growth in its existing businesses. Its corporate performance culture and expertise make Joyce an ideal partner for small to medium growing businesses seeking an active corporate partner with a proven track record of delivering earnings growth.

Our Strategy
Joyce aims to deliver above-average returns and increasing dividends to its shareholders through strong partnerships with fast-growing businesses. This is built on a foundation of high ethical standards and a corporate culture driven by constant quality improvement. Joyce Corporation is a fast-growing investment company seeking to invest in quality small to medium Australian businesses that have strong potential to expand using their unique intellectual property to national market-dominant status.
To find out more about Joyce Corp visit http://joycecorp.com.au/index.php/investor-relations/

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