13 slides from Tiny Ltd. Class A's earnings presentation, Aug 16, 2024
Slide 1: Q2 2024 Earnings Call
Q2 2024 Earnings Call August 16, 2024 · 8am ET CONFIDENTIAL
Slide 2: Forward-Looking Information
Q2 2024 Update Forward-Looking Information This Presentation contains forward-looking information that reflects management’s current expectations relating to Tiny Ltd. (the “Company”) current and future plans, expectations and intentions, results, levels of activity, performance, goals and achieveme
Slide 3: Leadership Team
Q2 2024 Update Leadership Team Jordan Taub Mike McKenna CEO CFO Appointed CEO of Tiny on June 6, 2024 Appointed CFO of Tiny on July 3, 2024 WeCommerce CEO Formerly Lifespeak Inc. CFO Three years with Tiny/WeCommerce Successfully led them through their IPO in 2021 Constellation Software - Head Office
Slide 4: Q2 Highlights
Q2 2024 Update Q2 Highlights Completed equity raise of $20.6 million with Hosking Partners LLP Acquired 100% of MediaNet Solutions, an Total revenue for Q2 2024 of education software business $51.0 million, an increase of $2.1 million from Q1 2024 Debt repayment of $16.0 million in the quarter; net
Slide 5: Q2 2024 Financial Results
Q2 2024 Financial Results
Slide 6: Revenue
Q2 Results Revenue For the three-month periods ended June 30 For the six-month periods ended June 30 2024 2023 2024 2023 Revenue 51,005,412 47,472,296 99,945,010 83,804,244 Digital Services 19,294,456 20,336,140 40,201,186 36,944,119 Software and Apps 13,583,500 10,806,803 27,130,262 10,806,803 Crea
Slide 7: Recurring Revenue
Q2 Results Recurring Revenue For the three-month periods ended June 30 For the six-month periods ended June 30 2024 2023 2024 2023 Revenue 51,005,412 47,472,296 99,945,010 83,804,244 Recurring revenue (1) 9,637,944 8,537,279 18,894,818 10,129,992 Recurring revenue % (1) 19% 18% 19% 12% Recurring rev
Slide 8: EBITDA
Q2 Results EBITDA For the three-month periods ended June 30 For the six-month periods ended June 30, 2024 2023 2024 2023 EBITDA (1) 4,864,920 40,635,940 8,215,835 39,312,096 EBITDA % (1) 10% 86% 8% 47% EBITDA in Q2 2024 was $4.9 million, EBITDA in Q2 2023 includes the one-time non-cash gain on share
Slide 9: Adjusted Free Cash Flow Post Debt Servicing
Q2 Results Adjusted Free Cash Flow Post Debt Servicing Free cash flow in Q2 2024 was $(3.6) million compared to When factoring in non-recurring costs and scheduled $(5.4) million in Q2 2023. debt payments, the Adjusted Free Cash Flow Post Debt The improvement in 2024 is related to the Company genera
Slide 10: Debt
Q2 Results Debt Net Debt to Adjusted EBITDA Ratio 3.8x June 30, 2024 December 31, 2023 3.5x 3.1x Net Debt $98.7 million 104.3 million Q4 2023 Q1 2024 Q2 2024 Total debt outstanding on June 30, 2024 was $121.1 During the quarter, the Company reduced its leverage million compared to $131.2 million on
Slide 11: Strategic Priorities
Strategic Priorities
Slide 12: Making sure that Tiny continues to be a great home for wonderful companies
Strategic Priorities Making sure that Tiny continues to be a great home for wonderful companies Increasing cash flow through a combination of: Growth through acquisitions with a focus on: • Disciplined investment in organic growth • Recurring revenue/cash flow positive platforms • Cost control and s
Slide 13: Questions
Questions