Slide 1: QuickFee Q1 FY25 Business Update
QUICKFEE Q1 FY25 BUSINESS UPDATE 21 October 2024 President, North America, Jennifer Warawa Chief Financial Officer, Simon Yeandle
Slide 2: QuickFee helps professional services firms accelerate and automate accounts receivable
QuickFee helps professional services firms accelerate and automate accounts receivable and grow their business. www.quickfee.com 21 October 2024 1
Slide 3: Q1 FY25 summary: Strong growth continues
Q1 FY25 summary: Strong growth continues + REVENUE UP 33% ON PCP Q1 FY25 PERFORMANCE1 Q1 FY25 Q1 FY24 MOVEMENT REVENUE A$5.6M US FINANCE (PAY OVER TIME) US$ 659k US$ 561k +17% US PAY NOW (ACH & CARD) US$ 1,015k US$ 934k +9% A$4.2M AU FINANCE (PAY OVER TIME) A$ 2,651k A$ 1,693k +57% TOTAL TRANSACTION
Slide 4: Q1 FY25 Highlights
Q1 FY25 Highlights Quarterly revenue of A$5.6m, up 33% on pcp + Driven by strong growth in the core Finance product in both Australia and the US New Connect integration launched with Thomson Reuters Practice CS + Practice CS is the most widely used practice management solution used by QuickFee firms
Slide 5: Strong revenue growth expected to continue
Strong revenue growth expected to continue GROUP REVENUE BY QUARTER (A$M) 'LAST 12 MONTHS' ROLLING 6.1 5.6 GROUP REVENUE (A$M) 20.3 21.7 5.1 4.9 17.2 18.5 4.3 14.8 15.8 4.2 13.0 14.0 3.7 11.9 3.6 3.2 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY23 Q2 FY23 Q3 FY23 Q4 F
Slide 6: United States: Continued focus on Finance product and Connect
UNITED STATES: CONTINUED FOCUS ON FINANCE PRODUCT AND CONNECT
Slide 7: QuickFee Connect: integrations with an 'automate everything' mindset
QuickFee Connect: integrations with an ‘automate everything’ mindset Building our platform to enable easier, more scalable integrations with new strategic partners Overview Current Integrations Q1 FY25 Update + QuickFee Connect offers a scalable A/R solution that is designed + Integration with Thoms
Slide 8: Q1 FY25 activity and performance
Q1 FY25 activity and performance + New customer acquisition: + Strong growth in active firm numbers (up 13% to 755); 23 firms signed in Q1 FY25, 16 to Connect + Connect firms signed up now at 69, 30 active and 39 in implementation. Annual revenue of these 69 firms is US$ 0.9 bn + Ongoing product inn
Slide 9: US growth across all products
US growth across all products Finance US FINANCE 'LAST 12 MONTHS ROLLING' TTV (US$M) + US Finance TTV up 14% on pcp; revenue up 17% on pcp to 26.7 27.5 A$ 0.7 million (Q1 FY24: A$ 0.6 million); revenue yield up 30 26.2 24.4 bps on pcp 22.0 + US Finance revenue adversely affected by cancellation 20.9
Slide 10: Australia: Positive momentum continues
AUSTRALIA: POSITIVE MOMENTUM CONTINUES
Slide 11: Continued strong growth in AU
Continued strong growth in AU + TTV growth: + AU Finance TTV up 42% to A$ 15.6 million (Q1 FY24: A$ 11.0 million) + AU PayNow TTV up 22% to A$ 22 million (Q1 FY24: A$ 18 million) + BNPL TTV up 100% to A$ 1.2 million (Q1 FY24: A$0.6 million) + New customer acquisition: + Active firm numbers up 8% to
Slide 12: Strong performance in Q1
Strong performance in Q1 + AU Finance TTV up 42% on pcp; AU Finance AU FINANCE 'LAST 12 MONTHS' ROLLING TTV (A$M) 60.1 revenue up 57% on pcp to A$ 2.7 million (Q1 FY24: 55.5 53.4 A$ 1.7 million); revenue yield up 160 bps on pcp 48.5 51.2 44.5 46.4 + Legal disbursement funding product showing 39.1 41
Slide 13: Liquidity and funding update
Liquidity and funding update Liquidity Credit facilities + At 30 September 2024, the Company had Northleaf credit facility A$ 4.6 million unrestricted cash on hand, with + US$40 million (A$57.7 million) facility borrowing growth capacity of a further A$ 16.5 million + Currently drawn to US$9.5 milli
Slide 14: FY25 Outlook
FY25 OUTLOOK
Slide 15: FY25 Outlook
FY25 Outlook Our focus remains unchanged: reaching sustained profitability • Focus on fastest path to profit: QuickFee Finance and QuickFee Connect • Continue to manage cost base carefully • Continued investment in Connect integrations and launch of Connect subscription model • Build and execute str
Slide 16: Why QuickFee, why now
Why QuickFee, why now Top tier management team in $84B in Serviceable Addressable Winning, differentiated value proposition: place with owner mentality Accountant Market in the US Alone Finance, Connect, Pricing Proven track record of delivering Ability to substantially increase revenue Growing cust
Slide 17: Questions
QUESTIONS To post any questions or feedback on this presentation, we encourage investors to sign up to the QuickFee investor hub at investorhub.quickfee.com/auth/signup
Slide 18: Contact Details
CONTACT DETAILS Simon Yeandle, CFO p: +61 2 8090 7700 e: simon.yeandle@quickfee.com Katie Mackenzie, Investor Relations p: +61 455 502 197 e: kmackenzie@belleviewir.com.au
Slide 19: Disclaimer
Disclaimer The material contained in this document has been prepared by QuickFee does not undertake any obligation to publicly release the QuickFee Limited ACN 624 448 693 (‘company’) and contains result of any revisions to these forward-looking statements to general information about the company’s
Slide 20: Glossary
Glossary ACH Automated Clearing House A type of electronic bank-to-bank payment in the US, equivalent to EFT in Australia Active customer Any customer who has transacted with QuickFee in the relevant period Active firm Any firm that has had a transaction with QuickFee in the relevant period APR Annu