Frontier Digital Ventures Ltd. · ASX:FDV
Frontier Digital Ventures — Shareholder Meeting (May 2022)
35 slides from Frontier Digital Ventures's shareholder meeting presentation, May 17, 2022
Slide 1: Annual General Meeting
Annual General Meeting rsonal use only 17 May 2022
Slide 2: Welcome
WELCOME rsonal use only Welcome to the 2022 Annual General Meeting of Frontier Digital Ventures Limited. The Company Secretary will contact you via the Chat icon to register your attendance 2 FRONTIER DIGITAL VENTURES
Slide 3: How to Vote
HOW TO VOTE To vote online visit: https://meetnow.global/M799KMJ rsonal use only • When the poll is open, select the vote icon at the top of the screen Items of Business • To vote, select either For, Against or Abstain 2A Re-elect Mr Sam Sample as a Director FOR AGAINST ABSTAIN • You will see a vote
Slide 4: Chairman's Address
rsonal use only Chairman’s Address
Slide 5: Leading Online Marketplaces in Emerging Markets
rsonal use only LEADING ONLINE MARKETPLACES IN EMERGING MARKETS ANNUAL GENERAL MEETING | 17 MAY 2022
Slide 6: FDV at a glance
FDV at a glance #1 online marketplaces 16 market leading online marketplaces across 20 high growth emerging markets Large and active users rsonal use only ~250m website sessions and ~200m mobile sessions in 1Q 2022 Record 1Q 2022 revenue on an A$20.2m FDV % share basis, increasing 83% from A$11.0m i
Slide 7: Market Leading Businesses
MARKET LEADING BUSINESSES FDV Group structured across three key geographic regions to support FDV at full potential FDV Group rsonal use only FDV LATAM FDV Asia FDV MENA #1 property portal #1 auto portal Pakistan Pakistan #1 general marketplace #1 general marketplace Morocco Tunisia #1 property port
Slide 8: Portfolio Optimisation Activities
PORTFOLIO OPTIMISATION ACTIVITIES Consolidating ownership across FDV LATAM, with strategic ownership increases across Asia and MENA rsonal use only 100% acquisition of the Moved to majority ownership, leading general classifieds increasing shareholding from portal in Chile 42.0% to 51.1% Jan 21 Feb
Slide 9: Delivering on Our Growth Strategy
DELIVERING ON OUR GROWTH STRATEGY Rapid revenue growth since IPO supports significant equity value creation Portfolio revenue since IPO (FDV % share basis) rsonal use only (A$m) ~88 60.2 22.3 23.7 14.0 8.5 3.8 FY16 FY17 FY18 FY19 FY20 FY21 Pro forma FY221 1. Pro forma FY22 represents March 2022 reve
Slide 10: Growth on a Sustainable Basis
GROWTH ON A SUSTAINABLE BASIS 12 operating companies were EBITDA positive in 1Q 2022 1Q 2022 1Q 2021 EBITDA change rsonal use only FDV EBITDA EBITDA ownership (%) (in absolute terms) A$ (FDV % basis) A$ (FDV % basis) FDV LATAM 325,599 138,568 187,031 InfoCasas 100% 144,040 96,679 47,361 Targeted inv
Slide 11: Technology Roadmap
TECHNOLOGY ROADMAP FDV Group is considering high value applications of AI to create significant value across its portfolio rsonal use only Computer Recommendation Onboarding Predictive vision engine verification pricing Core classifieds Transactions AI models to automatically identify key AI models
Slide 12: Transaction Momentum Building
TRANSACTION MOMENTUM BUILDING Unlocking the value of classifieds leadership to drive transaction volumes and revenue Property and auto transactions facilitated rsonal use only 24,672 Onset of COVID-19 14,368 7,369 5,833 2,880 1,386 387 Pro forma FY16 FY17 FY18 FY19 FY20 FY21 FY221 Note: Figures quot
Slide 13: Transaction Strategy Recap
rsonal use only TRANSACTION STRATEGY RECAP
Slide 14: Strategic Focus on Transactions
STRATEGIC FOCUS ON TRANSACTIONS Compelling opportunity to leverage market leadership positions to drive long-term earnings profile rsonal use only Observed increase in change in consumer behaviour 2022 towards purchasing higher value items online Focus on organic growth initiatives as all Online mar
Slide 15: Case Study – FDV Asia
CASE STUDY – FDV Asia The 'playbook' in action – long-term equity value creation Zameen property transactions facilitated Zameen’s equity value growth rsonal use only Onset of COVID-19 May 2022 Last valuation was in Dec 2020 (i.e. 18 months ago) 7,151 5,943 US$400m Dec 2020 4,529 US $540m (November
Slide 16: Case Study – FDV LATAM
CASE STUDY – FDV LATAM Proprietary technology powering rapid transaction growth InfoCasas transactions facilitated Proprietary transaction technology rsonal use only Intelligent communication tools Big data interact with InfoCasas 19.1m yearly 1,445 visitors Proprietary lead Continously updating mod
Slide 17: Realising FDV's Full Potential
REALISING FDV'S FULL POTENTIAL Leveraging the strength of core classifieds to drive transactions and create long-term equity value rsonal use only Monetisation opportunities (not exhaustive) Value $ catalysts FDV continues to explore potential monetisation Market intermediary options to maximise val
Slide 18: Additional Information
rsonal use only ADDITIONAL INFORMATION
Slide 19: Strong Track Record of Long-Term Value Creation
STRONG TRACK RECORD OF LONG-TERM VALUE CREATION rsonal use only • One of the top global online marketplace executives with a strong track record of long-term value creation • Former CEO of iPropertyGroup (ASX: IPP) and General Manager at REA Group • Spearheaded the transformation of iProperty Group
Slide 20: Corporate Overview
CORPORATE OVERVIEW FDV has a strong balance sheet, and its shares are tightly held Share price performance since IPO Substantial shareholders rsonal use only $1.90 Catcha Group (Patrick Grove and Luke Elliott) 11.6% $1.70 Shaun Di Gregorio (Founder and CEO) 9.8% $1.50 Barca Global Master Fund 7.4% $
Slide 21: FDV's Capital Raising History
FDV’S CAPITAL RAISING HISTORY Track record of raising capital efficiently, with shareholder value front of mind FDV’s primary and secondary capital raising history rsonal use only Offer price (A$) 1.50 1.25 0.98 0.78 0.65 0.50 Aug-16 May-18 Dec-19 Jul-20 Oct-20 Dec-21 Market capitalisation at last A
Slide 22: Contact Us
CONTACT US COMPANY Shaun Di Gregorio rsonal use only Founder and CEO P: +60 3 2700 1591 E: shaundig@frontierdv.com INVESTORS Timothy Toner Vesparum Capital P: +61 3 8582 4800 E: frontierdv@vesparum.com PRINCIPAL OFFICE 39-8 The Boulevard Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia w
Slide 23: Disclaimer
DISCLAIMER The material contained in this presentation is non-specific and is a summary of the background to the Company's activities. As this information is in a rsonal use only summary form it is not intended to be complete. Independent advice should be sought by investors or potential investors.
Slide 24: Ordinary Business: Financial Statements and Reports
ORDINARY BUSINESS rsonal use only Financial Statements and Reports To receive and consider the Company’s annual financial report, including the directors’ report and the auditor’s report for the year ended 31 December 2021. 24 FRONTIER DIGITAL VENTURES
Slide 25: Resolution – Adoption of Remuneration Report
ORDINARY BUSINESS rsonal use only Resolution 1 – Adoption of Remuneration report To consider and, if thought fit, to pass the following resolution as a non- binding ordinary resolution: “That the Company adopt the remuneration report for the year ended 31 December 2021 in accordance with section 250
Slide 26: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 1 rsonal use only Number % FOR 82,032,288 98.82% AGAINST 676,773 0.81% OPEN – Nominated Chair1 519,943 0.62% – Other Nomination 211,343 0.25% 1. To be voted in favour of the resolution 26 FRONTIER DIGITAL VENTURES
Slide 27: Resolution – Re-election of Mr Anthony Klok
ORDINARY BUSINESS rsonal use only Resolution 2 – Re-election of Mr Anthony Klok as a Director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Anthony Klok, who retires by rotation in accordance with the Company’s Constitution and, being eligible
Slide 28: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 2 rsonal use only Number % FOR 122,273,985 98.92% AGAINST 590,766 0.48% OPEN – Nominated Chair1 519,127 0.42% – Other Nomination 216,455 0.18% 1. To be voted in favour of the resolution 28 FRONTIER DIGITAL VENTURES
Slide 29: Resolution – Election of Ms Frances Po
ORDINARY BUSINESS rsonal use only Resolution 3 – Election of Ms Po Yih Ming (Frances Po) as a Director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Frances Po, being appointed to the Board of Directors of the Company on 8 November 2021, in acc
Slide 30: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 3 rsonal use only Number % FOR 122,566,789 99.24% AGAINST 179,477 0.15% OPEN – Nominated Chair1 533,427 0.43% – Other Nomination 216,455 0.18% 1. To be voted in favour of the resolution 30 FRONTIER DIGITAL VENTURES
Slide 31: Resolution – Issue of Shares to Mr Mark Licciardo
ORDINARY BUSINESS rsonal use only Resolution 4 – Approval to issue ordinary shares to Non- Executive Director Mr Mark Licciardo To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.11 and for all other purposes, Sh
Slide 32: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 4 rsonal use only Number % FOR 121,053,443 98.57% AGAINST 1,033,332 0.84% OPEN – Nominated Chair1 520,127 0.42% – Other Nomination 211,343 0.17% 1. To be voted in favour of the resolution 32 FRONTIER DIGITAL VENTURES
Slide 33: Resolution – Ratification of Issue of Shares
ORDINARY BUSINESS rsonal use only Resolution 5 – Ratification of issue of 23,333,334 ordinary shares pursuant to ASX Listing Rule 7.4 To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That in accordance with ASX Listing Rule 7.4, the Company ratifies and a
Slide 34: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 5 rsonal use only Number % FOR 114,196,463 98.87% AGAINST 669,942 0.58% OPEN – Nominated Chair1 519,127 0.45% – Other Nomination 216,455 0.19% 1. To be voted in favour of the resolution 34 FRONTIER DIGITAL VENTURES
Slide 35: Thank you for your attendance
rsonal use only Thank you for your attendance
Frontier Digital Ventures — Shareholder Meeting (May 2022) on 6ix