Readcloud Ltd. · ASX:RCL
Readcloud — Shareholder Meeting (February 2025)
10 slides from Readcloud's shareholder meeting presentation, Feb 12, 2025
Slide 1: CEO Presentation – 2025 Annual General Meeting
For personal use only ReadCloud Limited CEO Presentation – 2025 Annual General Meeting
Slide 2: FY24 Financial Highlights
FY24 Financial Highlights Executing with discipline into a deep pool of opportunity For personal use only Up 15% Down 6% Up 132% Up 207% $1.43m Sales & Fee Revenue Operating Costs Underlying EBITDA Operating Cashflow Cash $11.9m Restructured workforce $0.36m $0.23m Continued Debt Free status Organic
Slide 3: Revenue Growth Trend
Revenue Growth Trend Organic Growth in all business lines For personal use only FY23 v FY24 Sales and Fee Revenue Drivers of Organic Growth • Strong retention rate of 93% across eBooks and VET-in-schools $ 12 m • Addition of new schools $ 10 m • Strengthening market positioning driving inbound inqui
Slide 4: Organic Growth Horizon
Organic Growth Horizon Demonstration of sustained organic revenue Core Growth Levers For personal use only growth at 15% eBooks $ 18 m • Sales to schools $ 16 m • New Australian schools • New International schools $ 14 m • Increased adoption within existing school customers • Entry into Booklist cat
Slide 5: FY24 Summary Profit and Loss
FY24 Summary Profit and Loss $’000 30-Sept-24 30-Sept-23 YOY Notes For personal use only Sales and fee revenue 11,904 10,349 15% Less publisher & bookseller fees (3,974) (3,619) 10% • Sales & Fee Revenue up 15% Less trainer costs (1,236) (877) 41% • Operating expenses down 6% Less Cost of sales - Ot
Slide 6: Strong track record of revenue growth
Strong track record of revenue growth Sales and Fee Revenue by business For personal use only $ 12 m $ 10 m $8m $6m $4m $2m $0m FY21 FY22 FY23 FY24 eBooks VET-in-schools Industry Training CEO Address 6
Slide 7: Operating Expenses actively managed
Operating Expenses actively managed Executing with discipline into a deep pool of opportunity For personal use only Operating expenses as % of Sales and Fee Revenue FY21 FY22 FY23 FY24 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% Employment costs Non-employment costs CEO Address 7
Slide 8: Key Services and What They Do
Key Services and What They Do For personal use only eBooks Services & solutions Application Problem solved Benefits & Pricing & scalability Total Addressable competitive advantage Market Provisioning Australian book hire No more multiple Reduces administrative Retail margin on books Australian schoo
Slide 9: 1Q25 Results
1Q25 Results Strong start to FY25 for ReadCloud with VET-in-Schools division: For personal use only record December Quarter ReadCloudVET growth accelerating • 26% increase in cash receipts • 25%+ Revenue growth forecast in FY25 • 17% increase in revenue (unaudited) • Gross margins maintained >90% •
Slide 10: Outlook
Outlook For personal use only 1. School customers are resilient 2. Lead indicators are positive 3. Organic growth anticipated to continue 4. Retention rates are strengthening 5. Operating leverage unlocked 6. Self-funded growth 7. Positioned to accelerate CEO Address 10