Slide 1: ReadCloud 1H25 Results Presentation
For personal use only ReadCloud 1H25 Results Presentation 29 May 2025 29-May-25 1H25 Results Presentation 1
Slide 2: ReadCloud is an EdTech SaaS growth platform
ReadCloud is an EdTech SaaS growth platform eLearning software solutions to Schools and Educational Institutions in Australia and Internationally For personal use only Snapshot 1H FY25 • 429 schools currently use ReadCloud platforms (62 new schools joining in 1H 2025) • 13% organic growth in total r
Slide 3: 1H FY25 Financial Results
1H FY25 Financial Results First half results demonstrate ReadCloud's transformation and operating leverage For personal use only Sales & Fee Revenue Operating costs Underlying EBITDA* Statutory Profit Cash Up 13% Controlled increase 1% Up 73% Up 214% $3.5m $9.2m Restructured workforce $1.8m $1.32m $
Slide 4: ReadCloudVET Platform
ReadCloudVET Platform Highly scalable digital solution with proprietary content For personal use only ReadCloudVET leverages technology and IP to empower Schools and Teachers to implement quality Vocational Education & Training programs through tailored support, flexible learning, streamlined proces
Slide 5: ReadCloudVET Revenue growth 32%
ReadCloudVET Revenue growth 32% Gross margins continuing >90% For personal use only Growth accelerating: 32% 1H25 growth driven by: • 11% growth in customer numbers: 55 Schools added (372 total) • 14% growth in Qualifications (ie courses delivered) to 733 • 94% School retention • Qualifications per
Slide 6: ReadCloud eBooks platform
ReadCloud eBooks platform ReadCloud eBooks software empowers Students and Teachers with access to educational resources from the world’s For personal use only leading publishers housed in one collaborative online platform. ReadCloud’s Competitive Advantage: Market Opportunity: ● 1.7 million Students
Slide 7: Australian eBooks strengthening with optionality in other channels
Australian eBooks strengthening with optionality in other channels For personal use only 10% 1H25 Growth in domestic Direct eBooks Consistent growth poised to accelerate: driven by: • Addition of 7 new Schools in 2025 (average revenue per new school is $56k) • Increase in revenue per retained School
Slide 8: 1H25 summary
1H25 summary For personal use only Ongoing organic growth Large growing and Profit jaws opening entrenched customer base ● Sales & fee revenue growth ● 6% reduction in Operating up 13% ● 429 Schools currently on the Costs in FY24 ● High-margin ReadCloudVET platform ● 1HFY25 Operating cost growth rev
Slide 9: FY25 outlook
FY25 outlook For personal use only ● ReadCloud’s VET-in-Schools and eBooks businesses (circa 88% of total revenue in 1H FY25) remain on track to deliver ReadCloud’s stated baseline growth target of 15% in FY25 (with revenue typically weighted towards the first half of ReadCloud’s financial year) ● R
Slide 10: Positioned for profitable growth
Positioned for profitable growth For personal use only 1. School customers are resilient 2. Lead indicators are positive 3. International eBooks opportunity validated by recent market engagement 4. Organic growth anticipated to continue 5. Retention Rates and Average Customer Value are strengthening
Slide 11: Corporate Snapshot
Corporate Snapshot ASX Code: RCL Substantial Shareholders For personal use only Share Price (27 May 2025) $0.11 Board and management shareholdings* 16.6% Market capitalisation (@ 11 cents) $16.9m Thorney Group* 12.2% Microequities Asset Management 8.7% Shares on issue 153.6m Cyan Investment Manageme
Slide 12: Additional Information
For personal use only Additional Information 12
Slide 13: 1H25 Financials: Underlying EBITDA
1H25 Financials: Underlying EBITDA $’000 1H25 1H24 YOY Sales and fee revenue 9,156 8,136 13% Less publisher & bookseller fees (3,633) (3,503) 4% 1H25 versus 1H24: For personal use only Less trainer costs (580) (517) 12% • 13% Growth in Sales & fee revenue driven by: Margin after publisher & booksell
Slide 14: Reconciliation of Underlying EBITDA to Statutory profit
1H25 Financials Reconciliation of Underlying EBITDA to Statutory profit For personal use only $’000 1H25 1H24 YOY Underlying EBITDA ↑ 73% to $1.8 million: Underlying EBITDA* 1,796 1,040 73% • Strong organic growth and disciplined Fair value movement in contingent cost control unlocking operating - 1
Slide 15: 1H25 Financials: Balance Sheet
1H25 Financials Balance Sheet $’000 Note 31-March-25 30-Sep-24 Notes For personal use only Cash and cash equivalents 3,539 1,431 Trade and other receivables 1 3,976 977 Prepayments 141 115 1. Includes trade receivables of $2.43m and accrued Total current assets 7,655 2,524 revenue of $1.41m Non-curr
Slide 16: 1H25 Financials: Cash Flows
1H25 Financials Cash Flows $’000 31-Mar-25 31-Mar-24 YOY Receipts from customers 6,863 7,167 -4% • Strong Underlying EBITDA to operating cash flow For personal use only conversion (107%) Payments to suppliers (5,287) (5,784) -9% R&D tax incentive refund 332 333 0% • Net cash from operating activitie
Slide 17: Disclaimer
Disclaimer This presentation has been prepared by ReadCloud Limited (“Readcloud”), based on information available as at the date of this presentation. The information in this presentation is provided For personal use only in summary form and does not contain all information necessary to make an inve