Ras Technology Holdings Limited · ASX:RTH
Ras Technology — H1 FY2025 Earnings Presentation
17 slides from Ras Technology's earnings presentation, Feb 27, 2025
Slide 1: H1 FY25 Results Investor Presentation
H1 FY25 RESULTS INVESTOR PRESENTATION FEBRUARY 2025
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by RAS Technology Holdings Limited ACN 650 066 158 Estimates and projections involve risks and uncertainties and are subject to change based on (Company or Racing and Sports) and has been authorised for issue by the Board of the var
Slide 3: Vision Statement
Vision statement “To be the global leader in data, analytics and technology for the wagering and racing industries” 3
Slide 4: H1 FY25 Financial Highlights
1 H FY25 Financial HIGHLIGHTS $10.1 $1.4 $18.3 MILLION MILLION MILLION GROUP REVENUE EBITDA ARR +33% vs PCP +$788k vs PCP +33% vs PCP (normalised for Picklebet change) $10.2 $2.1 1 MILLION million CASH CASH FLOW FROM OPERATIONS Post receiving R&D grant of normalised vs $1.1m in pcp $1.4 million on 8
Slide 5: Financial Performance
FINANCIAL PERFORMANCE REVENUE ANNUAL RECURRING REVENUE Sustained organic revenue growth • Revenue growth came from $12.0m $20.0m increases from data and content $18.3m $10.1m $18.0m and wagering technology, aided $10.0m $15.1m by the continuation of Stake and $16.0m Playbook Engineering and the $7.6
Slide 6: Financial Performance
Financial performance REVENUE BY HALF YEAR ARR BY HALF YEAR¹ 12,000,000 25,000,000 10,000,000 20,000,000 8,000,000 15,000,000 6,000,000 10,000,000 4,000,000 2,000,000 5,000,000 - - H2 FY22 H1FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H1 FY22 H2 FY22 H1FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 Revenue ARR ARR A
Slide 7: H1 FY25 ARR Trends
H1 FY25 ARR TRENDS ENHANCED RECURRING REVENUE BASE AS UK STRATEGY DELIVERS RESULTS ENHANCED INFORMATION SERVICES WAGERING TECHNOLOGY DIGITAL & MEDIA 12.5m 4.5m 9.8m 4.1m 7.3m 3.3m 1.2m 1.3m 0.6m 31-Dec-22 31-Dec-23 31-Dec-24 ARR BY JURISDICTION - 31 DEC 2023 ARR BY JURISDICTION - 31 DEC 2024 MAJOR G
Slide 8: Continuing Growth in Operating Cashflow
Continuing growth in operating cashflow Operational Cashflows FY21-FY25 Operating cashflow normalised for RDD receipt in early Jan shows strong growth. Oper CF Oper CF (adjusted) ARR 2,500 20,000 Thousands ARR impacted by the change in Thousands 2,000 arrangement for Picklebet, which 15,000 1,500 im
Slide 9: H1 FY25 Deals
H1 FY25 deals Partnered with Stake Entered into Signed a multi- Worked with Entered into a Expanded deals to continue to an expanded year Data and Tabcorp to deliver strategic with Sportsbet, expand their racing agreement to Content their new Runner partnership with bet365, Betfair and offering in H
Slide 10: UK Market Expansion: Strategic Partnerships Driving Growth
UK Market Expansion: Strategic Partnerships Driving Growth Commencement of exclusive partnership with platform provider Pragmatic Play as their sole racing data and trading provider. The first operator launched under this agreement was DAZN Bet in Q4 2024, while the second brand, Quinn Bet, went liv
Slide 11: Expansion into Hong Kong
Expansion into Hong Kong • Established wholly owned subsidiary, Racing and Sports Asia (“RASA”), in Hong Kong to support growth in the Asian region. • Agreed to acquire 6 established racing publications and a data service for HKD$20.0 million (around $A4.02 million). • Publications are market leadin
Slide 12: Outlook
OUTLOOK Recent UK deals and HK acquisition provide strong platform for revenue and ARR growth in H2 FY25 Strong deal flow Strong and diverse Wagering360 white Drive growth of the Complete acquisition achieved so far in pipeline that label wagering host recently launched in Asia and drive UK/Europe i
Slide 13: Appendix
APPENDIX
Slide 14: Profit and Loss Statement
PROFIT AND LOSS STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2024 Dec 2024 Dec 2023 $'000 $'000 COMMENTS Revenue Revenue from contracts with customers 10,072 7,566 Other income 423 716 • NPAT continued to grow strongly in H1 Expenses despite new R&D grants not being reported Data and processing exp
Slide 15: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION FOR THE HALF YEAR ENDED 31 DECEMBER 2024 Dec 2024 Dec 2023 $'000 $'000 Assets COMMENTS Current assets Cash and cash equivalents 8,791 8,348 Trade and other receivables 3,800 3,611 Contract assets 46 291 Other assets 439 237 Total current assets 13,076 12,487 • Cash ba
Slide 16: Cash Flow Statement
CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2024 Dec 2024 Dec 2023 Cash flows from operating activities $'000 $'000 COMMENTS Receipts from customers (inclusive of GST) 10,438 7,949 Payments to suppliers and employees (inclusive of GST) (9,879) (8,175) Receipts from government grants - R&
Slide 17: Thank You
THANK YOU investor@racingandsports.com.au www.racingandsports.com.au
RAS Technology Holdings — H1 FY2025 Earnings Presentation on 6ix