Slide 1: ASX Announcement: Legal Group USA Investor Presentation
ASX Announcement 14 March 2023 Legal Group USA – Investor Presentation Legal Group Management Reckon Limited (“Reckon” or the “Company”) (ASX: RKN) releases the attached slides to be presented today by Bill Bice, CEO, and Ken Bassham, CRO of Reckon’s Legal Group (nQueue Zebraworks Inc). AUTHORISED F
Slide 2: Investor Presentation: Legal Group Management Presentation
Investor Presentation Legal Group Management Presentation To be read in conjunction with Appendix 4E and Accounts
Slide 3: Our focus is on two large and distinct markets
Our focus is on two large and distinct markets SMALL BUSINESS Accounting and Payroll solutions for SMEs Revenue of $40.8m and $21.0m EBITDA in FY22 Total addressable market 3 million small businesses across Australia and New Zealand LEGAL Practice Management and Workflow for Legal firms Revenue of $
Slide 4: Management Team
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Management Team Bill Bice Ken Bassham CEO CRO RECKON INVESTOR PRESENTATION FY2022 3
Slide 5: Management Team
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Management Team Bill Bice Ken Bassham Ben Morin Stef Odom-Wertz Glen Grambart CEO CRO CTO VP Operations VP Finance Erin Barrio Phil Hewson Mark McNeal Greg Blatz Pam Fabean Director, Marketing Director, Design Director, Development Director, Operation
Slide 6: Growth business in large US and global markets
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Growth business in large US and global markets Servicing Legal firms with workflows through scanning & printing, Practice Management, cost recovery and analytics solutions Enormous market opportunity – 500 of the world’s largest firms operate in the U
Slide 7: Target Market
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Target Market Queues Power Workflows Legal-specific Deep integration with law firms’ core systems Target Market Global 700 largest firms 46,000 mid-size (5-80 attorneys) in North America Total addressable market: $2.4B RECKON INVESTOR PRESENTATION FY2
Slide 8: Queues Power Workflows
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Queues Power Workflows Core Platform ScanQ and MailQ – scanning BillingQ – billing workflows PrintQ – printing DataQ – business intelligence CostQ – cost tracking 480 clients operating in 52 countries 30% of the 500 largest U.S. firms 6 of the top 10
Slide 9: MailQ Workflow
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS MailQ Workflow Incoming Recipient physical mail Queue DMS Central Delegation scanning Inbox Accounting system Staff Queue “I want you to know how much I appreciate nQ Zebraworks and this new software. It has made our lives better and that’s no exagger
Slide 10: BillingQ Workflow
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS BillingQ Workflow BillingQ Financial management system Electronic payments Email • Bill • A/R notices • Trust replenisment Activity Queue “In less than two months after implementation, we’ve collected $150,000 in ‘found money’. I would highly recommen
Slide 11: Core Overview
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Core Overview ScanQ and MailQ – scanning PrintQ – printing Core CostQ – cost tracking Growth Strategy Roadmap Competitors Sign new key industry PrintQ: Server-less printing Kofax lesser focus on legal partners market Intelligent document Hybrid Operat
Slide 12: Platform Overview
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Platform Overview BillingQ – billing workflows DataQ – business intelligence Platform Growth Strategy Roadmap Competitors Lead with BillingQ BillingQ: deeper workflows BillingQ: ARCS, robotic process automation Expand support for DataQ: version 2.0 ad
Slide 13: Growth business in large US and global markets
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Growth business in large US and global markets Servicing Legal firms with workflows through scanning & printing, Practice Management, cost recovery and analytics solutions Enormous market opportunity – 500 of the world’s largest firms operate in the U
Slide 14: Questions
Questions RECKON INVESTOR PRESENTATION FY2022 13
Slide 15: Legal Group Financials
APPENDIX ONE PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Legal Group Financials Growing subscription revenue and a top tier customer base Financial highlights Revenue FY22 FY21 $M $M GROWTH Revenue SUBSCRIPTION 9.2 8.8 +6% • Subscription is 89% of revenue UPFRONT AND SERVICE 1.2 1.4 -19% • Soli
Slide 16: Resources
Resources Website reckon.com About us reckon.com/au/about-us Investors reckon.com/au/investors Media reckon.com/au/media RECKON INVESTOR PRESENTATION FY2022 15