Rent.com.au Ltd · ASX:RNT
Rent.com.au — FY2024 Earnings Presentation
24 slides from Rent.com.au's earnings presentation, Aug 28, 2024
Slide 1: FY2024 Results Webinar
FY2024 RESULTS WEBINAR 28 AUGUST 2024 ASX: RNT
Slide 2: Financial Snapshot
FINANCIAL SNAPSHOT REVENUE EBITDA $3.2m -$2.0m • • • • 2
Slide 3: Operating Highlights
OPERATING HIGHLIGHTS réfit.com.au * Continued growth in the RentPay pipeline through improved industry engagement — new bulk data import functionality accelerating onboarding. ¢ RentPay rewards and new payment methods delivered are growing ARPU and attracting additional consumers, more improvements
Slide 4: Search Portal
SEARCH PORTAL
Slide 5: Renting Market Overview
RENTING MARKET OVERVIEW YOY CHANGE IN LISTING VOLUMES YOY CHANGE IN AVERAGE RENTS JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN • • • 5
Slide 6: Search Portal Summary
SEARCH PORTAL SUMMARY REVENUE EBITDA $2.7m +$0.2m • • • 6
Slide 7: Product Highlights
PRODUCT HIGHLIGHTS RENTCHECK RENTBOND RENTCONNECT • • • More than 58,000 renters opted in • • • offer a 49% increase in revenue broader range of connections • 10% • Eligibility Checker is • increase in adoption rate expected to drive further growth 7
Slide 8: RentPay
RENTPAY a\e
Slide 9: RentPay Summary
RENTPAY SUMMARY REVENUE EBITDA $0.5m -$2.1m • • • 9
Slide 10: Significant Addressable Market
SIGNIFICANT ADDRESSABLE MARKET POTENTIAL ANNUAL RENTPAY REVENUES The size of the opportunity with RentPay is immense, all renters pay rent – over $60 billion worth a year. With RentPay they can now get value, flexibility and control - making their rent money work for them. • • • • ESTIMATED MARKET S
Slide 11: What We Are Solving – For Tenants
WHAT WE ARE SOLVING – FOR TENANTS PAY MORE WAYS AND EARN CASHBACK AND BUILD CREDIT WITH WHEN THEY WANT REWARDS SCOREBUILDER • • • • • • • aiming for other margin • Coming soon will be an expanded bill payment • Eligibility and larger loan offers to be improvements from payments. offering including c
Slide 12: What We Are Solving – For Agents
WHAT WE ARE SOLVING – FOR AGENTS FAST RECEIPTING AND NO CHASING PAYMENTS THE PAYMENT APP NO DISHONOURS AND LOWER ARREARS RENTERS WANT TO USE • • • • • • 12
Slide 13: Active RentPay Customers
ACTIVE RENTPAY CUSTOMERS ACTIVE RENTPAY CUSTOMERS GROWTH DRIVERS • • • • • H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24 13
Slide 14: Driving Growth Via Property Managers
DRIVING GROWTH VIA PROPERTY MANAGERS GROWTH DRIVERS • • click to see how RentPay works • Recently we onboarded a rent roll of ~800 within a week • 14
Slide 15: Average Revenue Per User (ARPU)
AVERAGE REVENUE PER USER (ARPU) RENTPAY ARPU MULTIPLE LEVERS TO DRIVE PROFIT AT SCALE # OF CARD TRANSACTIONS 15
Slide 16: Transforming Our Business
TRANSFORMING OUR BUSINESS ANNUITY REVENUE AS % OF TOTAL BUILDING SCALE AND SUSTAINABILITY • • • 16
Slide 17: And Transforming the Market
AND TRANSFORMING THE MARKET NEW PAYMENT CHOICES TENANTS USING TIMING MEASURABLE ARREARS PROVING POPULAR / SCHEDULING MORE IMPROVEMENT FOR PMs • • • • • • 24% 54% 22% 17
Slide 18: Outlook
OUTLOOK
Slide 19: Current Trading & Outlook
CURRENT TRADING & OUTLOOK • • • • • 19
Slide 20: Corporate Information
CORPORATE INFORMATION
Slide 21: Corporate Information
CORPORATE INFORMATION MARKET CAPITALISATION $15.1m ENTERPRISE VALUE $12.7m SHAREHOLDING DISTRIBUTION 21
Slide 22: Seasoned Board
SEASONED BOARD GARRY GARSIDE NON-EXECUTIVE CHAIRMAN ▪ ▪ ▪ SAM MCDONAGH NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ PHIL WARREN NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ JOHN WOOD NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ 22
Slide 23: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM GREG BADER CHIEF EXECUTIVE OFFICER ▪ ▪ ▪ JAN FERREIRA CHIEF OPERATING OFFICER / CHIEF FINANCIAL OFFICER ▪ ▪ ▪ LEE SWANSON GENERAL MANAGER - TECHNOLOGY ▪ ▪ SHANE LAVAGNA-SLATER GENERAL MANAGER - RENTPAY ▪ ▪ ▪ SANDRA ANTIPAS HEAD OF CUSTOMER SERVICE ▪ ▪ ▪ 23
Slide 24: Thank You
THANK YOU Contact: investors@rent.com.au 08 6145 2609