Slide 1: ReadCloud Limited Company Presentation
For personal use only ReadCloud Limited Company Presentation 13 July 2022
Slide 2: ReadCloud is a market leader in digital content delivery to schools
For personal use only READCLOUD IS A MARKET LEADER IN DIGITAL CONTENT DELIVERY TO SCHOOLS IN AUSTRALIA We deliver the school curriculum and VET-in- Schools content and assessments digitally ReadCloud is a highly scalable SaaS platform and is integrated from publisher to student Our product provides
Slide 3: King's InterHigh Agreement
KING’S INTERHIGH AGREEMENT For personal use only First overseas eBooks Solutions deal Four-year agreement to become the exclusive provider of eBooks to the parents of around 4,000 students Provides an additional revenue channel King’s InterHigh is part of the Inspired Group, which provides education
Slide 4: ReadCloud addresses a large and growing market
READCLOUD ADDRESSES A LARGE AND GROWING MARKET For personal use only 2,816 secondary schools with 1.76 million students TOTAL AUSTRALIAN SECONDARY STUDENTS* Secondary education market 1,800,000 is consistently growing 1,750,000 1,700,000 ReadCloud also operates in the 1,650,000 VET-in-schools market
Slide 5: ReadCloud's market opportunity
READCLOUD’S MARKET OPPORTUNITY For personal use only 241,000 3.9 million students 1.7 million students in students in enrolled in VET 2,816 secondary VET-in-school courses with 3,519 schools in Australia2 courses1 training providers in Australia ADDRESSED BY ReadCloud eBook ReadCloud Vocational Educ
Slide 6: Our proprietary SaaS platform serves key markets
OUR PROPRIETARY SAAS PLATFORM SERVES KEY MARKETS For personal use only ReadCloud eBook Solutions Publishers Encryption Integration to Publisher Portals, Reseller Cross platform Social eContent of eBooks eCommerce and School Timetables eReading Apps Annotations ReadCloud Vocational Education & Traini
Slide 7: eBook Solutions
EBOOK SOLUTIONS sophisticated For personal use only Digital delivery of full Australian collaborative curriculum to secondary learning tools schools in all States on one platform literacy and accessibility tools reading Over 200,000 eBooks from analytics integration with school the world’s leading p
Slide 8: eBook Solutions Growth Strategy
EBOOK SOLUTIONS GROWTH STRATEGY For personal use only Continued organic Leveraging outbound New Reseller Uplift in school interest growth in existing sales strategy that partnerships with in digital education schools choosing to yielded a strong traditional booksellers platforms post COVID expand us
Slide 9: Vocational Education & Training-in-Schools (VET-in-Schools)
VOCATIONAL EDUCATION & TRAINING- IN-SCHOOLS (“VET-IN-SCHOOLS”) For personal use only ReadCloud VET Group is the • 3 Registered Training Organisations, each with largest private operator strong brand and reputation of VET-in-schools by scope • collectively deliver more than 60 qualifications of cours
Slide 10: Our Brands
OUR BRANDS For personal use only Established in 2009, COSAMP (RTO 41549) has Established in 2003, AIET (RTO 121314) is our Trades, Established in 2002 Ripponlea Institute (RTO 21230) continued to build a strong reputation across the sector Outdoors and Service Industries RTO and offers 25 specialise
Slide 11: VET-in-Schools Growth Strategy
VET-IN-SCHOOLS GROWTH STRATEGY For personal use only VET-in-Schools platform Just 21% of the three Platform has been Increasing State and provides an excellent ReadCloud RTO’s successfully offered to a Federal Government opportunity to scale collective schools’ number of schools who support and fund
Slide 12: First-Half FY22 Highlights
FIRST-HALF FY22 HIGHLIGHTS For personal use only Consolidated revenue and other income of $7.08 million (up 33% pcp) REVENUE BY SEGMENT $8,000,000 VET segment revenue of $3.10 $7,000,000 million )up 89% on pcp) $6,000,000 $5,000,000 Full-curriculum segment revenue $4,000,000 of $3.99 million (up 8%
Slide 13: First-Half FY22 Highlights: School & User Growth
FIRST-HALF FY22 HIGHLIGHTS For personal use only SCHOOL & USER GROWTH PLATFORM USERS BY SALES CHANNEL 700 140,000 140,000 600 120,000 120,000 500 100,000 100,000 400 80,000 80,000 300 60,000 60,000 200 40,000 40,000 100 20,000 20,000 0 - - FY16 FY17 FY18 FY19 FY20 FY21 1H FY22 FY18 FY19 FY20 FY21 1H
Slide 14: Outlook
OUTLOOK Strong retention of customers provides platform for future growth For personal use only ReadCloud’s investment in platform, compliance and support systems can be scaled and leveraged into new opportunities in this market COVID rear-view mirror – getting closer to tipping point towards eBooks
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT ASX Code: RCL Substantial Shareholders For personal use only Share Price (11 July 2022) $0.19 Thorney Group* 10.9% Lars Lindstrom 7.2% Market capitalisation (@ 0.19 cents) $22.8m Microequities 6.2% Shares on issue 119.8m Hunmar Holdings/Darren Hunter* 6.0% West Elk Partners LP 5.8
Slide 16: Additional information
For personal use only Additional information 16
Slide 17: 1H FY22 Financials: Underlying EBITDA
1H FY22 FINANCIALS UNDERLYING EBITDA For personal use only Half-Year ended ● 1H FY22 Underlying EBITDA reflects: ($’000) 31 Mar 2022 31 Mar 2021 Variance (%) - sales & fee revenue ↑ 35.6% mainly driven by revenue growth Sales and fee revenue 6,925 5,108 35.6% for the VET segment Less publisher & boo
Slide 18: 1H FY22 Financials: Balance Sheet
1H FY22 FINANCIALS BALANCE SHEET For personal use only Notes $ ‘000 Note 31-Mar-22 30 Sep-21 1. The vast majority of the Company’s cash receipts Cash and cash equivalents 1 5,444 4,471 from customers are received in the March and Trade and other receivables 2,154 787 June quarters each year. Prepaym