Raiz Invest Ltd. · ASX:RZI
Raiz Invest — FY2024 Earnings Presentation
24 slides from Raiz Invest's earnings presentation, Aug 26, 2024
Slide 1: FY24 Financial Results
FY24 Results FY24 Financial Results Raiz Invest – Investing made easy Level 11, 2 Bulletin Place, Sydney NSW 2000 Announcement authorised by the Board of Directors 26 August 2024
Slide 2: Important notice and disclaimer
Important notice and disclaimer FY24 Results This presentation has been prepared by Raiz Invest Limited (ACN 615 510 177) (RAIZ). References in this presentation to RAIZ include its group of companies and trusts. This presentation is subject to the conditions outlined below. Your receipt or viewing
Slide 3: FY24 Results Highlights & Placement
FY24 Results FY24 Results Highlights & Placement Full-year Results: 30 June 2024
Slide 4: Solid revenue growth with $1.3m EBITDA from Australian operations
Solid revenue growth with $1.3m EBITDA from Australian operations FY24 Results n FY24 Key Highlights • Revenue: Australian revenue of $21m up 19% YOY • EBITDA: Positive EBITDA of $1.3m for Australian operations • Cash Flow: Four consecutive quarters of positive operating cash flow • OPEX: Stable cos
Slide 5: Strong performance across key metrics
Strong performance across key metrics Strong results providing a solid platform for ongoing growth and path to profitability FY24 Results Active Customers* FUM* Average Balance (#) (A$m) (A$) 306,776 4,551 1,396 295,943 3,823 1,132 289,500 3,248 940 2,929 800 272,976 30 June 2021 30 June 2022 30 Jun
Slide 6: Strong uptake of new products
Strong uptake of new products FY24 Results Increased engagement with existing users RAIZ RAIZ RAIZ RAIZ PLUS SUPER KIDS PROPERTY 30,119 11,558 40,952 19,280 Accounts Accounts Accounts Accounts +55% YOY +24% YOY +44% YOY +98% YOY $177m $288m $44m $27m FUM FUM FUM FUM +66% YOY +28% YOY +121% YOY +32%
Slide 7: Strategic investment by State Street Global Advisors' Inc
Strategic investment by State Street Global Advisors’ Inc Placement details and strategic rationale FY24 Results Institutional Placement About State Street Global Advisors’ Inc. • A Placement to State Street of 4.8% of issued ordinary shares in Raiz (post issue) at $0.41 per share, State Street Glob
Slide 8: Funds used to improve operational efficiency and product innovation
Funds used to improve operational efficiency and product innovation FY24 Results Use of Funds • Build out of the AI marketing toolkit to improve digital customer acquisition • Improve customer satisfaction, cross-sell, and retention through customisation • Increase operational efficiency and reduce
Slide 9: FY24 Results Overview
FY24 Results FY24 Results Overview Full-year Results: 30 June 2024
Slide 10: Financial Performance for Australian Operations
Financial Performance for Australian Operations Revenue Growth of 19% with $1.3 million in EBITDA FY24 Results % vs • Australian Raiz platform revenue increased by 23% YOY A$’000 FY24 FY23 FY23 to A$21 million. Raiz platform 21,016 17,084 23% Other financial services - 579 (100%) • Achieved a positi
Slide 11: Statement of Financial Performance (Group)
Statement of Financial Performance (Group) Strategic Exit from SE Asia to Focus on Australian Market FY24 Results • The net loss from discontinued FY24 % vs A$’000 FY24 FY23 operations in FY24 was Australia Malaysia Thailand Vietnam FY23 $1,269,000, which includes Raiz platform 21,016 942 - - 21,958
Slide 12: Statement of Financial Position (Group)
Statement of Financial Position (Group) Stable Balance Sheet Supports Growth Initiatives FY24 Results A$’000 FY24 FY23 • Total cash of $9.7m as of 30 June 2024, was comprised Assets of cash and cash equivalents for Australian operations of Cash and cash equivalents 9,738 8,449 $8.5m (up $1.7m YOY) a
Slide 13: Statement of Cash Flows (Group)
Statement of Cash Flows (Group) Turnaround of $6.6m in Net Operating Cash Flow FY24 Results % vs • Significant turnaround in cash flow from operating A$’000 FY24 FY23 activities, with a cash inflow of $3.6 million, representing FY23 Receipts from customers 23,677 20,334 16% a $6.6 million increase f
Slide 14: Positive momentum in Australia
FY24 Results Positive momentum in Australia Full Year Results: 30 June 2024
Slide 15: Successful execution on the growth strategy
Successful execution on the growth strategy Positive momentum in FY24 FY24 Results New products and Services: Grow revenue per customer: Plus portfolios in retail and Super New products ARPU growth YoY 16% and services to Consumer Date Right improve engagement Cross-promotion campaigns in place Auto
Slide 16: Refreshed marketing through AI strategies and new partnerships
Refreshed marketing through AI strategies and new partnerships Focus on re-engagement, brand awareness and new customer acquisition FY24 Results Organic Growth Strategic Partnerships § Generative AI capability § Channel 7 (AFL/AFLW & The Morning Show + 7RedIQ) § Digital Marketing focus § State Stree
Slide 17: Raiz Investment Highlights
Raiz Investment Highlights Positive FY25 outlook FY24 Results 1 Strengthening Australian operations with positive momentum in key metrics and a scalable business model 2 New strategic partnership with State Street Global Advisors to enhance product innovation and customer acquisition 3 Refreshed dig
Slide 18: About Us
FY24 Results About Us Full Year Results: 30 June 2024
Slide 19: Australia's market-leading WealthTech
Australia's market-leading WealthTech Raiz at a glance FY24 Results • Providing hands-on financial experience and education to Australians • Allows customers to invest starting with as little as $5, into a diversified portfolio of assets which may include: • ETFs • Bitcoin • Australian Residential P
Slide 20: Raiz Portfolio Performance in FY24
Raiz Portfolio Performance in FY24 Raiz’s Moderately Aggressive Portfolio was rated #2 Balanced Super option by SuperRatings FY24 Results As at 30 June 2024. Returns are net of underlying issuer fees. Past performance is not an indication of future performance. * Unless otherwise stated, the incepti
Slide 21: Our digital investment products unlock financial freedom
Our digital investment products unlock financial freedom The comprehensive investment product suite continues to evolve to suit the needs and requests of our customers FY24 Results Raiz Invest Raiz Plus Raiz Invest Super Raiz Rewards Raiz Kids • Raiz Invest enables • Raiz Plus provides • Raiz Invest
Slide 22: Raiz has a comprehensive product offering for retail investors
Raiz has a comprehensive product offering for retail investors Products are designed to follow retail investors through their life cycle FY24 Results 50.0% Outside of Commsec Pocket which is Raiz is ranked universally 42nd on the recognised in iOS app store’s Round Up Investments ✔ ✔ ✔ ✔ Australia,
Slide 23: Market information
Market information Share price, capital structure, and substantial shareholders FY24 Results Raiz Share Price & Volume 3.00m 0.60 Capital structure (16-Aug-24) Shares on issue 95.5m Share price A$0.365 2.50m 0.50 12-month range A$0.33 - A$0.54 Market capitalisation A$35m 2.00m 0.40 Cash & cash equiv
Slide 24: Investor and media enquiries
FY24 Results Investor and media enquiries: Brendan Malone Managing Director and CEO M: + 61 439 339 195 E: ir@raizinvest.com.au Katie Mackenzie Investor Relations M: +61 455 502 197 E: kmackenzie@belleviewir.com.au (ASX:RZI) 24