Openn Negotiation Limited · ASX:OPN
Openn Negotiation — Corporate Update (July 2021)
18 slides from Openn Negotiation's corporate update, Jul 30, 2021
Slide 1: Openn Negotiation: Investor update following successful listing on the ASX
29 July 2021 ASX Announcement BOARD & MANAGEMENT Openn Negotiation: Investor update Wayne Zekulich Non-Executive Chairman following successful listing on the ASX Peter Gibbons Managing Director HIGHLIGHTS: Darren Bromley Executive Director / CFO • Openn Negotiation successfully listed on the ASX via
Slide 2: US Pilot Program
US PILOT PROGRAM Openn’s growth strategy of scaling up it’s platform and technology, includes a pilot expansion into the United States. Since lodging the prospectus, the Company has progressed with the US pilot program to identify the required changes to the platform to meet the specific needs of th
Slide 3: Investor Update July 2021
INVESTOR UPDATE JULY 2021 BY negotiation
Slide 4: Disclaimers
DISCLAIMERS Important information and disclaimers Accuracy of Information Openn does not give any warranty, representation or assurance (express or implied) as to the accuracy, reliability, relevance or completeness of the information and material contained in this document. The information in this
Slide 5: Overview
OVERVIEW • Founded in May 2016, Openn is a proptech company that offers a proprietary cloud-based software platform to support real estate agents in selling residential property online through a transparent process. • Openn’s technology enables agents to operate more efficiently and generates depth
Slide 6: Solving Industry Challenges
SOLVING INDUSTRY CHALLENGES Openn Negotiation is a sales process and OPENN SOLVES NUMEROUS digital platform that combines the ease of private treaty, the transparency of auction and INDUSTRY PROBLEMS cutting-edge technology to ensure the best possible sales outcome for sellers and buyers, Sub-optima
Slide 7: Company Snapshot
COMPANY SNAPSHOT Capital Structure ASX Code OPN Share Price (as at 28th July 2021) $0.30 Shares on Issue* 191,725,964 Employee Performance Rights** Up to 15,599,000 Lead Manager Options*** 2,934,519 Market Capitalisation (undiluted) $57.5m **479,631 securities escrowed until 10/02/22 *76,521,315 sec
Slide 8: Growth Metrics - Uploads
GROWTH METRICS - UPLOADS NUMBER OF UPLOADS 1149 1200 1100 Note: Openn historically has charged $550 1000 including GST for use 900 836 of the platform but is 800 currently trialling a range 642 of different pricing models. 700 628 ie reduced up-front fee, 600 557 No sale no fee & bulk 491 511 pricin
Slide 9: Growth Metrics - Uploads
GROWTH METRICS - UPLOADS Each of the last five months have been record months of UPLOADS BY MONTHS AND YEAR properties uploaded onto the Openn platform. 450 400 350 300 250 200 150 100 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2019 2020 2021
Slide 10: Growth Metrics - Agents
0 500 1000 1500 2000 2500 3000 3500 Ap r M 201 ay 7 5 Ju 201 n 7 5 Ju 201 l 7 5 Au 2 0 1 g 7 7 Se 201 p 7 83 (CUMULATIVE) Oc 201 t 7 121 N 201 ov 7 De 201 c 7 166 187 Ja 201 n 7 Fe 201 b 8 223 229 M 201 ar 8 264 Ap 201 r 8 299 M 201 ay 8 544 Ju 20 n 18 601 Ju 201 l 8 699 Au 2 0 1 g 8 760 Se 201 NUMB
Slide 11: Growth Metrics - Users
GROWTH METRICS - USERS NUMBER OF USERS REGISTERED (CUMULATIVE) 70000 65365 60000 54979 50000 46513 39929 40000 32890 30000 26633 22318 17810 20000 13722 10926 8937 10000 6779 4958 3533 2689 1714 474 0 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 21 21 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Slide 12: Market Size
MARKET SIZE 1 AUSTRALIAN Business lifecycle MARKET TOTAL ADDRESSABLE MARKET, shifts to scale-up AUSTRALIA, 2019 = 431,422 homes sold p.a Subscription and agent incentive models drive scale GOAL 5% OF TAM Partnerships assist = 21,570 uploaded p.a scale and drive revenue per transaction CURRENT = 3,00
Slide 13: Key Clients, Partners & Accelerator
KEY CLIENTS, PARTNERS & ACCELERATOR CLIENTS PARTNERS ACCELERATOR THE REACH PROGRAM; Designed to accelerate top growth companies into the global real estate industry Created by Second PARTNERSHIP STRATEGY Century Ventures and backed by the National IS DESIGNED TO EITHER; Association of Realtors Impro
Slide 14: Openn in Action
VIA OPENN IN ACTION 1 ONLINE SALES PLATFORM 2 CAPTURES MARKET DATA 3 CAPTURES BIDDING DATA Sale price $765,000 Qualified bidders 9 Bids 26 Days on market 30 Final bidding stage date 17-10-2020 03:00 PM Final bidding stage duration 27:08 Observers 35 The Openn platform captures Your Certified Openn N
Slide 15: US Pilot
US PILOT Openn doesn’t offer a traditional online auction. US brokers PILOT EXPECTED TO RUN FOR 12 MONTHS clearly understand Openn is an enabling tool that enhances their existing sales process by offering transparency. Brokers also see significant benefits in the ease of the Gap analysis JAN 2021 C
Slide 16: Strategic Road Map
STRATEGIC ROAD MAP 2021 & BEYOND Revenue model review P latform enhancement: Including offering a private treaty based CURRENT transactional product “Openn Offers” STATS Integrated partner networks Public awareness marketing campaigns International expansion
Slide 17: Investment Summary
INVESTMENT SUMMARY Openn offers investment in an established technology Proven solution to a verified problem platform primed for ESTABLISHED Proven market will pay for the solution international expansion. MARKET FIT Proven tech platform can scale Its proprietary technology Established channels to
Slide 18: Thank You
THANK YOU FOR MORE INFORMATION: Peter Gibbons John Gardner Managing Director Citadel-MAGNUS T: 1800 667 366 M: +61 413 355 997 investors@openn.com.au jgardner@citadelmagnus.com