Urbanise.com Ltd. · ASX:UBN
Urbanise.com — Investor Presentation (February 2019)
21 slides from Urbanise.com's investor presentation, Feb 21, 2019
Slide 1: Half Year Results
Half Year Results 20 February 2019
Slide 2: Important notice
Important notice This presentation is given on behalf of Urbanise.com Limited Information in this presentation is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in Urbanise.com Limited. The information should be re
Slide 3: Urbanising the World
URBANISING THE WORLD Our cloud software helps you manage strata, facilities and utilities smarter. All on one beautiful, simple platform. Today, over 500,000 properties and locations are managed smarter and more efficiently using the Urbanise platform. Our cloud software is used to expand and enhanc
Slide 4: The Urbanise Platform
THE URBANISE PLATFORM AN INTEGRATED PLATFORM FOR THE STRATA, COMMERCIAL AND FACILITIES MANAGEMENT INDUSTRIES COMMUNITY Community portals and apps that help residents collaborate and connect UTILITIES STRATA FACILITIES Automated utilities management, The Most Comprehensive Track Work, Assign reportin
Slide 5: FY19 – Half Year Financial Performance
FY19 – Half Year Financial Performance 5
Slide 6: Half Year Highlights
Half Year Highlights Highlights for the 6 months ended 31 December 2018 • Urbanise delivered revenue of $3.9 million (2018:$3.0m) for the half year ended 31 December 2018, increasing total revenue by 29.4%. • Urbanise significantly reduced its cost base through the rationalisation program executed i
Slide 7: Consolidated Profit or Loss
Consolidated Profit or Loss Half year ended 31 December 2018 $000’s 2017 2018 % Revenue from contracts with 2,813 3,885 Up 38% AASB15 increased revenue by $356k customers Other Income 195 7 2017 include R&D refund of $123k Revenue and other income 3,008 3,892 Up 29% Expenses (16,788) (6,102) Down 64
Slide 8: Consolidated Cash Flows
Consolidated Cash Flows Half year ended 31 December 2018 $000’s 2017 2018 % Cash flow from operating activities (4,610) (1,599) Improved 65% Cash flows from investing activities (831) (368) Improved 56% Cash flow from financial activity 6,649 3,813 Cash & cash equivalents at 31 December 6,442 4,925
Slide 9: Consolidated Financial Position
Consolidated Financial Position Half year ended 31 December 2018 $000’s 30 June 31 Dec 2018 2018 Current assets 6,047 8,093 Cash & cash equivalents $4,925 (6/2018 – $3,072) Non-current assets 10,847 10,600 Total assets 16,894 18,693 Current liabilities 3,352 3,610 Deferred revenue $1,973k (June18: $
Slide 10: Half year - Revenue from contracts with clients
Half year - Revenue from contracts with clients (by product) $000’s 31 Dec 31 Dec % 2017 2018 Strata 1,918 2,501 Up 30% Facilities 474 1,179 Up 149% Utilities 171 134 Down 22% One-off hardware sales $42k (2017: $77k) Devices 250 71 Down 72% Product disposed in prior year Revenue from contracts with
Slide 11: FY18 v FY19 - H1 Revenue
FY18 v FY19 - H1 Revenue from contracts with clients • Significant improvement in 3000 recurring revenue due to new contracts won over the last 12 months 2500 Up 19% • Professional services high as new contracts are 2000 implemented driving further improvements in recurring revenue 1500 • $179k - 6.
Slide 12: FY18 v FY19 - H1 Revenue - Strata
FY18 v FY19 - H1 Revenue - Strata from contracts with clients 2000 Up 20% 1800 • Significant improvement in 1600 recurring revenue due to new contracts won over the 1400 last 12 months 1200 • Professional services high 1000 as new contracts are implemented driving 800 further improvements in recurri
Slide 13: FY18 v FY19 - H1 Revenue - Facilities
FY18 v FY19 - H1 Revenue - Facilities from contracts with clients 500 450 Up 50% • Significant improvement in 400 recurring revenue due to Up 129% new contracts won over the 350 last 12 months 300 • Professional services high 250 as new contracts are implemented driving 200 further improvements in r
Slide 14: FY18 v FY19 - H1 Revenue - Utilities
FY18 v FY19 - H1 Revenue - Utilities from contracts with clients 100 90 Down 12% • Hardware sales are a one- 80 off event for a specific 70 contract (negative impact of $34k) 60 • Recurring revenue down Down 45% 12% due to lower pricing on 50 a contract on renewal, 40 offset by new contracts impleme
Slide 15: FY18 v FY19 - H1 Revenue - Devices
FY18 v FY19 - H1 Revenue - Devices from contracts with clients 160 140 • Devices business sold in Q4 of FY2018. Some residual 120 revenue in H1 will reduce to near zero in H2. 100 80 60 Down 57% 40 Down 82% 20 0 Recurring revenue Professional services Hardware Other 2017 2018 15
Slide 16: FY18 v FY19 - Q1 Expenses
FY18 v FY19 - Q1 Expenses 18,000 • Significant reduction in cost base after the cost 13,000 reduction program implemented in April 2018 • Depreciation & amortisation down 50% $000’s 8,000 • No further impairment in Down 31% H1 3,000 H1 2018 H1 2019 -2,000 Expenses Recovery of Doubtful debts Deprecia
Slide 17: FY18 v FY19 - H1 EBITDA
FY18 v FY19 - H1 EBITDA* 0 H1 2018 H1 2019 -500 Improved 65% • Significant improvement -1,000 in EBITDA as a result of increased revenue and -1,500 decreased cost -2,000 $000’s -2,500 -3,000 -3,500 -4,000 -4,500 -5,000 • Exclude impairment write-offs in FY2018 17
Slide 18: Average monthly cash used in operations
Average monthly cash used in operations* 1,000 R&D refund Cash used • Significant improvement in cash used in operations due to • increased revenue collections • decreased cost $000’s • Decreased capitalised 500 cost Down 60% 0 FY2016 FY2017 FY2018 H1 2019 *Cash used in operating activities PLUS Dev
Slide 19: FY19 – New contracts since 1/7/18
FY19 – New contracts since 1/7/18 19
Slide 20: Contracts since 1/7/2018 – 31/1/2019
Contracts since 1/7/2018 – 31/1/2019 No Estimated annual contracts recurring revenue post implementation Facilities 12 655,164 Strata 16 435,896 Utilities 1 2,198 Total 29 1,093,298 20
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