Readcloud Ltd. · ASX:RCL
Readcloud — Shareholder Meeting (February 2022)
18 slides from Readcloud's shareholder meeting presentation, Feb 7, 2022
Slide 1: CEO's Presentation to Annual General Meeting
For personal use only ReadCloud Limited CEO’s Presentation to Annual General Meeting 7 February 2022
Slide 2: ReadCloud is a market leader in digital content delivery to schools
OVERVIEW For personal use only READCLOUD IS A MARKET LEADER IN DIGITAL CONTENT DELIVERY TO SCHOOLS IN AUSTRALIA We deliver the school curriculum and VET-in-Schools content and assessments digitally • ReadCloud is a highly scalable SaaS platform and is integrated from publisher to student • Our produ
Slide 3: FY21 Finances (year end September 2021)
OVERVIEW For personal use only FY21 Finances (year end September 2021) • $7.4m Revenue • $4.5m Cash Balance 550 Schools • 53% increase over FY20 116,000 Students and Teachers • 56% increase in VET-in-School • 21% increase in Direct Curriculum $63 Average Revenue Per User READCLOUD LIMITED 33 3
Slide 4: Update on the ReadCloud Platform
For personal use only Update on the ReadCloud Platform 4
Slide 5: SaaS Platform Expansion
SaaS PLATFORM EXPANSION For personal use only ReadCloud VET Group Teacher Student eBook Online Teacher Certificate Approval Enrolment Courses Assessments Marking Issue ReadCloud Curriculum and Resellers Publishers Encryption Integration to Publisher Portals, Reseller Cross platform Social eContent o
Slide 6: SaaS Platform Expansion (Cont'd)
SaaS PLATFORM EXPANSION (CONT’D) For personal use only ReadCloud VET Group Platform ReadCloud Curriculum and Resellers In November 2021, ReadCloud went live with its newly developed • In October 2021, ReadCloud went live VET-In-Schools platform which offers an end-to-end digital process from with a
Slide 7: Launching the ReadCloud VET Group
For personal use only Launching the ReadCloud VET Group 7
Slide 8: ReadCloud VET Group
READCLOUD VET GROUP For personal use only The ReadCloud VET Group is now the largest Private operator of VET-in-Schools in Australia by scope of courses offered • In FY21, ReadCloud acquired two VET-in-Schools RTOs, COSAMP and Ripponlea Institute 1 • COSAMP is the number one supplier in the Music In
Slide 9: Trends in the VET-in-Schools Market
TRENDS IN THE VET-IN-SCHOOLS MARKET For personal use only 225,295 VET-IN-SCHOOLS STUDENTS 5-YEAR TREND (2016-2020) 18% ReadCloud is School RTOs 12% 34% well placed to 15% capitalise on the Private RTOs 30% shift towards TAFE 20% Private RTOs 33% Unis & Other 21% School RTOs Private RTOs Tafe Unis &
Slide 10: Outlook – Accelerating Growth
For personal use only Outlook – Accelerating Growth 10
Slide 11: Outlook - Accelerating Growth
OUTLOOK - ACCELERATING GROWTH For personal use only Leveraging the High retention rates, strong new International ReadCloud platform business growth and cross selling interest • The newly developed VET-in-Schools • ReadCloud is seeing high retention rates • Global Victoria selected ReadCloud for pla
Slide 12: Outlook - Accelerating Growth (Cont'd)
OUTLOOK - ACCELERATING GROWTH (CONT’D) For personal use only Direct Curriculum Resellers Curriculum M&A Customers Customers • Continued organic growth in existing • ReadCloud continues to partner with • ReadCloud will continue to access schools choosing to expand user Resellers who offer a one-stop-
Slide 13: December 2021 Quarterly Highlights
December 2021 Quarterly Highlights For personal use only • Strong retention and recommitment of existing schools across the three sales channels (VET-in-Schools, Direct Curriculum and Reseller) for the 2022 school year • New school wins across all three sales channels • Most successful on-boarding s
Slide 14: Appendix
For personal use only Appendix 14
Slide 15: FY21 Financials
FY21 FINANCIALS Underlying EBITDA For personal use only ● Change of financial year-end from 30 June to 30 September: Year ended — a 30 June year-end that straddles two business cycles (school 30 Sept 2021 30 June 2021 years) presented challenges in communicating operational and ($) Variance (%) fina
Slide 16: FY21 Financials: Balance Sheet
FY21 FINANCIALS Balance Sheet For personal use only $ Note 30-Sept-21 30-Jun-21 Notes Cash and cash equivalents 1 4,471,184 6,295,556 1. The vast majority of the Company’s cash receipts Trade and other receivables 787,073 887,705 from customers are received in the March and June quarters each year.
Slide 17: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by ReadCloud Limited (“Readcloud”), based on information The distribution of this presentation may be restricted by law and you should observe any such available as at the date of this presentation. The information in this presenta
Slide 18: ReadCloud Limited contact details
For personal use only ReadCloud Limited Lars Lindstrom | CEO 284 Bay Street lars@readcloud.com Brighton VIC 3186