Slide 1: CEO's Presentation to Annual General Meeting
For personal use only ReadCloud Limited CEO’s Presentation to Annual General Meeting 23 November 2021
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
OVERVIEW For personal use only FY21 Finances • $7.7m Revenue • $9.0m Pro-Forma Revenue • Underlying EBITDA positive for the first time • $6.3m 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 Avera
Slide 4: FY21 Highlights
For personal use only FY21 Highlights
Slide 5: FY21 Financial Highlights
FY21 FINANCIAL HIGHLIGHTS For personal use only The Group is well capitalised to pursue growth initiatives with a cash balance of $6.3 million as at 30 June 2021 SCHOOL & USER GROWTH SALES & FEE REVENUE BY SEGMENT * * Lower rate of user growth - loss of Reseller school users, which have been replace
Slide 6: Update on the ReadCloud Platform
For personal use only Update on the ReadCloud Platform 6
Slide 7: 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 8: SaaS Platform Expansion (cont'd)
SaaS PLATFORM EXPANSION (CONT’D) For personal use only ReadCloud VET Group Platform ReadCloud Curriculum and Resellers ReadCloud recently went live with its newly developed VET-In-Schools platform • ReadCloud recently went live with a new which offers an end-to-end digital process from: quoting, onb
Slide 9: Launching the ReadCloud VET Group
For personal use only Launching the ReadCloud VET Group 9
Slide 10: 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 11: 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 12: Outlook – Accelerating Growth
For personal use only Outlook – Accelerating Growth 12
Slide 13: 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 14: 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 15: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS For personal use only • ReadCloud is a market leader in digital content delivery to schools in Australia • Large market opportunity in Australia with an immediate target market of 2,775 secondary schools with 1.6 million students and 236,000 students yearly doing VET-in- Sc
Slide 16: Appendix
For personal use only Appendix 16
Slide 17: FY21 Financials
FY21 FINANCIALS Underlying EBITDA For personal use only ● Sales and fee revenue up 3% vs FY20: ($) FY21 FY20 YOY — VET segment sales & fee revenue ↑ 44% (AIET revenue ↑ 12%, Sales and fee revenue 7,172,072 6,956,136 3% revenue contribution from COSAMP) Less publisher & bookseller fees (3,050,995) (3
Slide 18: FY21 Financials – Balance Sheet
FY21 FINANCIALS Balance Sheet For personal use only $ Note 30-Jun-21 30-Jun-20 Notes Cash and cash equivalents 1 6,295,556 3,387,609 1. Strong cash position at year-end of $6.3m Trade and other receivables 928,268 597,366 Prepayments 59,927 55,946 2. Intangibles include capitalised software developm
Slide 19: 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 20: ReadCloud Limited contact details
For personal use only ReadCloud Limited Lars Lindstrom | CEO 284 Bay Street lars@readcloud.com Brighton VIC 3186