Slide 1: Half-Year Results Presentation March 2021
For personal use only ReadCloud Limited Australia’s Leading eReading Solution Half-Year Results Presentation March 2021 ASX : RCL
Slide 2: Disclaimer
Disclaimer For personal use only 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 in summary form and does not contain all information necessary to make an inve
Slide 3: 1H FY21 Highlights
1H FY21 Highlights For personal use only ● H1 FY21 consolidated revenue ↑ 11% to $3.49 million (1H FY20: $3.15 million), with FY21 full-year revenue expected to be skewed to the second half as in prior years ● Completion of the acquisition and integration of College of Sound and Music Production (“C
Slide 4: Full-curriculum segment
Full-curriculum segment For personal use only ● 1H FY21 segment revenue ↑ 6% to $3.06m (1H FY20: $2.88m) ● 1H FY21 segment revenue affected by: ○ 22 new direct full-curriculum customer schools for 2021 (QLD, VIC, TAS, WA) ○ 4 lost direct full-curriculum customers that have moved to a single publishe
Slide 5: Vocational Education & Training ("VET") segment
Vocational Education & Training (“VET”) segment For personal use only ● 1H FY21 segment revenue ↑ 58% to $0.43m (1H FY20: $0.27m) ● Acquisition of COSAMP, the leading VET-in-schools provider of music industry qualifications, completed 28 October 2020 ● Integration of COSAMP has gone well and the sig
Slide 6: 1H FY21 Results – Underlying EBITDA
1H FY21 Results – Underlying EBITDA For personal use only 1H FY21 vs 1. Refer commentary on full-curriculum segment revenue – page 4 ($) Note 1H FY21 1H FY20 1H FY20 2. $ Decline from prior comparable period reflects improved margins on Sales and fee revenue 1 3,179,785 2,964,130 7% eBook sales as a
Slide 7: 1H FY21 Result – Balance Sheet
1H FY21 Result – Balance Sheet For personal use only $ Note 31-Dec-20 30-Jun-20 1. Strong cash position at 31 December and zero debt. $5.96m (net of Cash and cash equivalents 1 7,040,591 3,387,609 transaction costs) received from exercise of ASX-listed and unlisted options Trade and other receivable
Slide 8: 1H FY21 Result – Cash Flow
1H FY21 Result – Cash Flow For personal use only 1H FY21 vs ($) Note 1H FY21 1H FY20 1. Receipts from customers ↑ 61% over the prior comparable period 1H FY20 Receipts from customers 1 1,081,439 673,118 +61% 2. Includes transaction costs of $0.13m associated with the COSAMP acquisition Payments to s
Slide 9: Outlook
Outlook For personal use only ● ReadCloud platform users 117,000 as at the end of February 2021 (↑ 14% from January 2020), with user numbers set to increase (VET enrolments) ● The Group is well-placed to continue its strong growth, driven by: — a strong balance sheet ($7.04 million cash and zero deb
Slide 10: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code: RCL Substantial Shareholders Share Price (26 February 2021) $0.51 Thorney Group* 10.9% Market capitalisation (@ 51 cents) $60.2m Kinderhook 2 LP 8.5% Shares on issue 118.3m Lars Lindstrom 7.2% Options on issue (unlisted) 1.5m Hunmar Holdings/Darren
Slide 11: Key Investment Highlights
Key Investment Highlights For personal use only • ReadCloud is the leading digital education solution for Australian schools, delivering clear educational benefits and saving schools and students money • ReadCloud is growing rapidly with over 117,000 users in over 530 school customers and continues
Slide 12: For personal use only
For personal use only ReadCloud Limited 284 Bay Street Brighton VIC 3186 Lars Lindstrom | CEO lars@readcloud.com ASX : RCL 12