Slide 1: Strategic Review Outcomes Investor Presentation
ASX Announcement 4th March 2024 Strategic Review Outcomes Investor Presentation Jayride Group Limited (ASX:JAY) (“Jayride” or the “Company”) the global online travel marketplace for airport transfers today provides the annexed Investor Presentation following the completion of its earlier announced S
Slide 2: Jayride Strategic Review Investor Presentation
Jayride Strategic Review Investor Presentation ASX:JAY March 2024
Slide 3: Strategic Review Outcomes
Strategic Review Outcomes Stricter Focus Targeting higher margin, larger average order value segments and abandoning “anyone, anywhere” Significant Cost New Pricing Strategy Reduction Sharp focus on achieving near Moving to a “net plus” pricing model, avoiding highly commoditized 44% reduction in fixe
Slide 4: Significant Cost Reductions
Significant Cost 44% reduction in fixed costs saving $3.75 million per annum and shortening path to Reductions cash flow positive ● Identified and executed fixed cost savings totalling $3.75 million on ● Simplifying future financial reporting with a full impairment of an annualised basis technology assets
Slide 5: Stricter Focus
Stricter Focus Targeting higher margin, larger average order value segments and abandoning the “anyone, anywhere” approach ● Focus on higher contribution margin over commoditised high volume channels ○ Reevaluate each channel partner’s role as a contribution driver ○ Certain channel partners generat
Slide 6: New Pricing Strategy
New Pricing Strategy Moving to a “net plus” pricing model, avoiding highly commoditised segments, and limiting discounting for volume ● Complex discounting models applied to chase volume have undermined historical contribution profit ● A % markup based pricing model used to set retail fares has resul
Slide 7: Improving Supplier Relationships
Improving Supplier Working closely with transport partners to deliver technology and process improvements and Relationships negotiate towards improving net rates ● Improvements to processes and technology for suppliers result in improved net rates and service quality ● Targeting: cancellations, serv
Slide 8: Operational Efficiency and Scale
Operational Efficiency Advancing opportunities to acquire operationally efficient businesses and scaling Jayride and Scale “The online travel market is a highly acquisitive space. Mergers ● Operational efficiency is critical to developing scale sustainably and acquisitions are common.” ● Acquisitive growt
Slide 9: Our Path Forward
Our Path Forward Initial outcomes promising Strong management team Early testing of the new pricing strategy during February has resulted Exec Chairman leading the exec management team continues to work in a material improvement in contribution margin with only a marginal well - with near term focus
Slide 10: Jayride Overview
Jayride Overview Global Travel Marketplace for Rides Jayride helps travellers to find and book ASX Code JAY their rides around the world 14 day VWAP $0.016 (at close 1 March 2024) Key Facts Shares on Issue 236,309,118 Covering 95% of Compare multiple road world airport trips transport types Market Ca
Slide 11: About Jayride Group
About Jayride Group Jayride Group is a leading publicly listed online travel marketplace for airport transfers, where travellers compare and book rides around the world. With Jayride, travellers can compare and book with thousands of ride service companies, servicing 1,600+ airports in 110+ countrie
Slide 12: Visit www.jayride.com Email corporate@jayride.com
Visit www.jayride.com Email corporate@jayride.com