Slide 1: Investor Presentation - Thorney Technologies Ltd AGM
For personal use only Investor Presentation Thorney Technologies Ltd AGM ReadCloud Limited ASX: RCL, RCLO 21 November 2018
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by ReadCloud Limited (“Readcloud”), based on information available as at the date of this presentation. The For personal use only information in this presentation is provided in summary form and does not contain all information necessary to make an inve
Slide 3: Investment Overview
Investment Overview • ReadCloud is the leading digital education solution for Australian schools, delivering clear educational For personal use only benefits and saving schools and students money • Large market opportunity in Australia with an immediate target market of 2,700 secondary schools with
Slide 4: Overview
ReadCloud Overview ASX Code: RCL, RCLO Substantial Shareholders For personal use only Share Price (19 November 2018) $0.30 Amity Agency Pty Ltd 16.4% Market capitalisation (@ 30 cents) $26.3m Thorney Group* 11.5% Listing Price (February 2018) $0.20 Lars Lindstrom 9.8% Shares on issue (listed) 43.9m
Slide 5: The Complete Digital Solution
ReadCloud Is The Complete Digital Solution The ReadCloud platform is the complete solution for eLearning and management of all Digital Content. For personal use only Fully integrated platform delivering a complete solution for schools, students, publishers and intermediaries Australian developed, al
Slide 6: Benefits
ReadCloud Benefits For personal use only Students Schools & Teachers • Australian Curriculum in one App • Automatically creates and synchronises students • Integrates digital content from multiple publishers and classes • Cross Platform • Automated provisioning of resources – detects • Operates on a
Slide 7: Market Opportunity
Market Opportunity • Australia For personal use only ➢ 3.8 million students in over 10,000 primary and secondary schools ➢ ReadCloud’s immediate target market is 2,700 secondary schools with 1,600,000 students ➢ Of these target schools, 63% expect to move to 100% digital learning by 2020 (ORC Int. 2
Slide 8: Has Acquired AIET
ReadCloud Has Acquired AIET Agreement to acquire 100% of Australian Institute of Education and Training (AIET) for up to $2.95 million For personal use only 1 Leading Registered Training Organisation (“RTO”) with a presence in over 90 Australian secondary schools. Headquartered in Melbourne with s
Slide 9: Overview of AIET and VET
Overview of AIET and VET • AIET was established as a Registered Training Organisation (“RTO”) in 2003 and is one of the largest RTO’s For personal use only in Victoria in the Secondary School market • The business specialises in providing nationally accredited Vocational Education and Training (“VET
Slide 10: Transaction Rationale
Transaction Rationale Provides a complimentary (and proprietary) product and relationships with 90+ additional For personal use only schools ▪ Provides immediate entry into the growing Vocational Education Training in schools Entry to the sector VET in Schools Sector ▪ Expands ReadCloud’s product of
Slide 11: Business Update
ReadCloud Business Update Direct Sales For personal use only • All existing direct customer school contracts are rolling into the 2019 school year • Although still in the selling season for 2019, several new large direct schools have signed-up for 2019 • Curriculum changes for 2019 occurring in some
Slide 12: Business Update (cont'd)
ReadCloud Business Update (cont’d) New Channel Partners For personal use only • New reseller agreements with a further 3 school stationery / book suppliers (bringing the total number of resellers to 7), including: – Adelaide Direct Stationers – servicing 200+ schools in South Australia – Bennetts Of
Slide 13: Outlook
Outlook • ReadCloud continues to see a record direct sales pipeline, with several new large direct schools For personal use only signed up for 2019 • School purchasing decisions have been delayed by curriculum changes for 2019, which has extended the selling season (decisions on a number of tenders
Slide 14: Key Investment Highlights
Key Investment Highlights • ReadCloud is the leading digital education solution for Australian schools, delivering clear educational For personal use only benefits and saving schools and students money • Large market opportunity in Australia with an immediate target market of 2,700 secondary schools
Slide 15: ReadCloud Limited
For personal use only ReadCloud Limited 1/426 Glenhuntly Rd Elsternwick VIC 3185 Contact: Lars Lindstrom CEO lars@readcloud.com