Ras Technology Holdings Limited · ASX:RTH
Ras Technology — H1 FY24 Earnings Presentation
17 slides from Ras Technology's earnings presentation, Feb 27, 2024
Slide 1: H1 FY24 Results Investor Presentation
H1 FY24 RESULTS INVESTOR PRESENTATION FEBRUARY 2024
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 inv olv e 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 v
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: Executive summary
Executive summary ENHANCED INFORMATION SERVICES Continued strong organic growth – Revenue +33% (pcp), AMRR +35% (pcp) • Leading B2B Data Services • Advanced form & analytics • Predictive models & tips Improving operating leverage as the company scales and moves towards profitability WAGERING TECHNOL
Slide 5: H1 FY24 Group Highlights
H1 FY24 GROUP HIGHLIGHTS $7.6 $641k $15.1 MILLION MILLION GROUP REVENUE EBITDA AMRR +33% vs PCP + $557k vs PCP +35% vs PCP Operating leverage increasing Stake.com and Playbook not included $8.5 ($145k) $1.1 MILLION MILLION INFLOW CASH EBIT CASH FLOW FROM Well-positioned for growth + $407k vs PCP OPE
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS Executed agreement with leading Expanded relationship with Signed landmark deal in the global online casino and Racing and Wagering Western UK with platform provider sportsbook Stake.com to provide Australia (RWWA) with RAS Playbook Engineering which a complete racing solution fo
Slide 7: Financial Performance
FINANCIAL PERFORMANCE REVENUE REVENUE EBITDA Sustained organic revenue growth • Continued strong growth in $8.0m $7.6m $0.8m $0.6m +33% +$557k both rev enue and AMRR. $7.0m $0.6m +$1.2m • Rev enue has nearly doubled in +45% $0.4m $6.0m $5.7m the tw o years since listing. $0.2m $0.1m $5.0m - $3.9m $4
Slide 8: H1 FY24 AMRR Trends
H1 FY24 AMRR TRENDS ENHANCEDRECURRING REVENUE BASE, GROWING CONTRIBUTION FROM DOMESTIC CUSTOMERS ENHANCED INFORMATION SERVICES WAGERING TECHNOLOGY DIGITAL & MEDIA $12m +34% +26% +96% +53% $1.2m +19% $1.1m $10m $9.8m $4m $4.1m $1.0m $8m $3.3m $7.3m $0.8m +7% $6m $6.1m $0.6m $0.6m $2m $2.1m $0.5m $4m
Slide 9: Return Towards Profitability
RETURN TOWARDS PROFITABILITY RETURN TOWARDS PROFITABILITY Operational Cashflows FY2021-HY2024 Continued strong improvement in AMRR and operating cashflow. $2.0m $20.0m AMRR- Right hand side index $1.5m $15.0m Creating operating leverage with revenue scaling over a $1.0m $10.0m relatively fixed cost
Slide 10: Stake.com – one of the largest online casinos and sportsbooks in the world
Stake.com – one of the largest online casinos and sportsbooks in the world Two-year agreement plus a one-year renewal period for RAS to partner with Stake.com to support them to launch a global horse racing offering. RAS to provide a full turnkey solution. Including market - leading racing data and
Slide 11: Playbook Engineering
Playbook Engineering Three-year contract with 3 YEAR CONTRACT 10 WAGERING Playbook Engineering Playbook Engineering to WITH PLAYBOOK OPERATOR have over 10 wagering be their exclusive provider ENGINEERING BRANDS operator brands on their of RAS’s best -in-class platform having established racing data
Slide 12: FY24 Strategic Outlook
FY24 STRATEGIC OUTLOOK Revenue from recently Accelerated AMRR growth Major opportunities in the UK, signed deals to be anticipated in H2 FY24 Europe and beyond recognised in H2 FY24 Global demand rising Record pipeline of business Target strategic for complete opportunities acquisitions that would c
Slide 13: Appendix
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Slide 14: Profit and Loss Statement
PROFIT AND LOSS STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2023 COMMENTS Dec 2023 Dec 2022 $’000 $’000 Revenue Revenue from contracts w ith customers 7,566 5,708 Other income 716 334 • Overall net loss before tax of $176k. Expenses • Strong revenuegrowth Data and processing ex penses (576) (467)
Slide 15: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION FOR THE HALF YEAR ENDED 31 DECEMBER 2023 Dec 2023 Dec 2022 $’000 $’000 Assets Current assets COMMENTS Cash and cash equivalents 8,522 8,683 Trade and other receivables 1,884 2,199 Contract assets 242 403 Other assets 251 232 • Cash balance of $8.5m, cash burn Total cu
Slide 16: Cash Flow Statement
CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2023 Dec 2023 Dec 2022 Cash flows from operating activities $’000 $’000 COMMENTS Receipts from customers (inclusive of GST) 7,949 5,611 Payments to suppliers and employees (inclusive of GST) (8,175) (6,443) Receipts from government grants - R&D
Slide 17: Thank You
THANK YOU investor@racingandsports.com.au www.racingandsports.com.au
RAS Technology Holdings — H1 FY24 Earnings Presentation on 6ix