Rent.com.au Ltd · ASX:RNT
Rent.com.au — Shareholder Meeting (November 2021)
21 slides from Rent.com.au's shareholder meeting presentation, Nov 25, 2021
Slide 1: Rent.com.au Limited AGM Presentation
Rent.com.au Limited AGM Presentation | 25 November 2021
Slide 2: Agenda
Agenda • Chairman’s Welcome and Meeting Instructions • Voting Opens • Resolutions • Voting Closes • CEO Presentation • Q&A 2
Slide 3: Chairman's Welcome and Meeting Instructions
Chairman’s Welcome and Meeting Instructions • For shareholders only – please log in to the Automic investor portal in order to vote. If you have already submitted proxies you may ignore this step. • If you wish to ask a question, please click on the Q&A feature in the Zoom webinar and type your ques
Slide 4: Proxy Voting Results
Proxy Voting Results Total Total Resolution For Against Discretionary Abstained Excluded For Against (Voted For) (% of Eligible Proxy Votes) 1. Adoption of Remuneration Report 23,908,137 451,438 189,829 465,596 39,619,197 98% 2% 2. Re-election of John Wood as a Director 51,728,375 217,345 200,717 5,
Slide 5: At Rent, we believe Australia's renters deserve better.
At Rent, we believe Australia's renters deserve better. Renting is fast becoming the preferred choice for many people and is a segment without a champion. That's why we're using technology to reimagine every part of the renting journey from finding a house to paying the rent.
Slide 6: We serve renters throughout their renting journey.
We serve renters throughout their renting journey. New Search Phase Tenancy Phase 6 weeks 30 months Looking Applying Moving Living Ownership • Established large industry portal (profitable, growing) • New Payments Platform (just released) • Designed for renters looking for a new home • Designed for
Slide 7: Delivering on the promise to our customers…
Delivering on the promise to our customers… Trusted by Renters +100,000 monthly readers of advice pages Largest “lifestyle” database 8,000 suburbs, 325,000 reviews, 1.6m categories Financing $’millions of rental bonds +1.2 million Renter Resumés #1 Rated Real-Estate App +18,000 reviews (4.9*) 7
Slide 8: …and driving strong business growth.
…and driving strong business growth. Strong FY21 revenue growth† and profitable for the first time† $117,468 28% $2,945k $2,301k $2,164k ($772,118) ($2,121,568) FY19 FY20 FY21 FY19 FY20 FY21 † Group EBITDA excluding RentPay business unit 8
Slide 9: Now we've started disrupting the tenancy period.
Now we’ve started disrupting the tenancy period. All renters need to pay their rent, making RentPay relevant to over 2.5 million (mainly millennial) households in Australia who collectively pay more than $1 billion in rent each week – week in, week out. Yet the market is oriented towards agent & lan
Slide 10: Starting with rental payments.
Starting with rental payments. Renters are able to • Pay what they want • Pay when they want • Be recognised & rewarded • Be in control Agents/LLs receive • The right amount • At the right time 65% 65% • New revenue lines • Reconciliation tools Renters choosing Average Buffer 65% opted in for flexib
Slide 11: Early days, steady growth.
Early days, steady growth. Optimisation Phase nearing completion 10,000+ 1,500+ • New security functionality released Downloads Active • Web version of the app launched • Awareness (education) efforts are working $4.5m+ • Major App update underway, simplifying customer flows rent paid $300k+ in Wall
Slide 12: Customer Growth Plans
Customer Growth Plans • Further expansion of marketing activity to existing RENT customer base: • RENT customers converting at 2x the rate of external marketing • Balancing with need to drive advertising/product revenue for RENT • Enhancement of Agent capability to capitalise on significant interest
Slide 13: Platform for services, continuous expansion.
Platform for services, continuous expansion. Partner discussions are well underway to expand services and benefits to renters. We see this an as integral ongoing part of the customer proposition. +40% of our customers want to align their utilities Linking a customer’s regular rental payments to a pa
Slide 14: RNT Group Outlook
RNT Group Outlook • Core RENT search business now consistently profitable, strong start to FY22 • We continue to invest in the development and growth of RentPay. It aligns with our vision and is a significant growth opportunity • Forecasting growth across both Rent.com.au and RentPay businesses • Pa
Slide 15: Appendices
> 4 Appendices
Slide 16: Financial results FY21
Financial results FY21 RNT Group Revenue & EBITDA FY21 FY20 % $3,094k RNT Group $’000 $’000 Change $2,453k Renter Products† 1,552 1,105 +40% $2,164k Advertising Sales 1,263 986 +28% REVENUE Other Revenue 279 362 (23%) Total Revenue 3,094 2,453 +26% Cost of Sales (1,268) (933) +36% EBITDA ($689k) Gro
Slide 17: Corporate information
Corporate information Financial information Top shareholders % Share price (23 November 2021) $0.07 Bevan Slattery (new holder 2021) 10.1% Ordinary shares on issue 398.2m Greg Bader (CEO – holder since 2016) 4.8% Market capitalisation $27.9m John Wood (Director – holder pre-IPO) 3.9% Cash on hand (2
Slide 18: Experienced board
Experienced board Garry Garside Non-Executive Chairman Experienced property developer and investor Founded Prime Health Group before merging it with Westpoint Healthcare to form Endeavour Healthcare MBA (University of WA) Sam McDonagh Non-Executive Director 20+ years experience in senior man
Slide 19: Dedicated leadership
Dedicated leadership
Slide 20: A passionate team ready to change the world
A passionate team ready to change the world
Slide 21: made for renters
made for renters https://investors.rent.com.au investors@rent.com.au 1300 736 810