Slide 1: 2020 Annual General Meeting
2020 Annual General Meeting CEO presentation, Bruce Coombes 10 December 2020
Slide 2: QuickFee is all things payments and all things receivables for services firms
• QuickFee is all things payments and all things receivables for services firms. • QuickFee helps customers access the advice and services they need, with the ability to pay over time. • We do this in 2 ways: 1. For enterprise professional services firms, QuickFee’s unique products make the payment
Slide 3: QuickFee achieved a number of significant milestones in FY20
QuickFee achieved a number of significant milestones in FY20 Capitalising on first mover advantage in the US • Record growth in our lending book in both the US and Australia • Record lending to clients of professional firms in both the US and Australia • Significant increases in US transaction value
Slide 4: FY20 highlights
FY20 highlights A year of significant progress; well positioned for strong growth US$13.0m A$49.3m US$6.6m A$27.5m Record growth in Record growth in Record value of Record value of US lending AU lending US loan book AU loan book 63% 17% 52% 15% A$8.5m A$13.5m 412 US$305m Reco
Slide 5: FY20 financial overview
FY20 financial overview Revenue Strong growth achieved across key metrics +47% US lending US lending book +63% +52% A$8.5m US$13.0m A$5.8m US$6.6m US$8.0m US$4.4m FY19 FY20 FY19 FY20 FY19 FY20 AU lending AU lending book US transactions +17% +15% +137% A$49.3m A$27.5m US$305m A$42.0m A$23.8m US$129m
Slide 6: QuickFee: Advice Now, Pay Later
QuickFee: Advice Now, Pay Later Providing low credit risk payment solutions A proven platform providing cash flow certainty A platform that borrowers rate highly 90 % Low credit risk customers of users found that • QuickFee Finance provides financing to clients of accountants and lawyers accounting
Slide 7: QuickFee Instalments product launched in partnership with Splitit
QuickFee Instalments product launched in partnership with Splitit Complements existing offerings Technology QuickFee Funding QuickFee Instalments • Pre-authorisation technology • Full payment to firm at • No recourse contract inception How it works: • Client credit card 1. Client accesses profession
Slide 8: Structural tailwinds to drive long term growth
Structural tailwinds to drive long term growth Shift to online payments in a modernising US market • Significant opportunity to grow both lending revenue and transactional revenue with the ‘modernising’ of the US market and QuickFee’s first mover advantage • Growing numbers of new firm sign ups a le
Slide 9: Why are we doing this?
Why are we doing this? Helping customers access advice they need; capturing greater market share California as an example • 55% of Californians experience at least one civil legal problem in their household each year, and 13% of Californians experience six or more Significantly increases • Only 32%
Slide 10: QuickFee payment solutions
QuickFee payment solutions Who Solution Benefits to provider Benefit to their clients Professional firms above Lower AR QuickFee Finance Better cashflow $1m minimum Higher sales Service providers wanting to Lower AR Better cashflow QuickFee Instalments offer interest free terms Higher sales Access t
Slide 11: Pivoting to "next level" technology
Pivoting to “next level” technology Accelerating tech investments to capitalise on market shifts • Structural market shift is underway – professional services firms are “digitising” – COVID-19 has accelerated this shift Current tech developments • QuickFee is currently completing its “ConnectAR” e-i
Slide 12: FY21 progress to date
FY21 progress to date Lending - US (USD) +53% Momentum continued and foundations laid for diversified revenue streams 6.6m 4.3m US FY20-YTD FY21-YTD • US continues to show strong growth with lending up 53% YTD vs PY Transaction values - US (USD) – 184% transaction volume growth in FY21-YTD +184% • 4
Slide 13: FY21 progress to date
FY21 progress to date Momentum continued and foundations laid for diversified revenue streams QuickFee Instalments • 133 firm-sign ups for QuickFee Instalments: – 34 in US – 99 in AU • Live in Australia in early December • US going through final compliance approvals AGM Presentation December 2020 13
Slide 14: Outlook: capitalising on massive US opportunity
Outlook: capitalising on massive US opportunity Becoming a market leader in online payments for the services industry • Structural tailwinds continue to create significant opportunities for QuickFee: – COVID-19 has accelerated the trend towards online payments – US market is modernising • Future gro
Slide 15: Outlook: capitalising on massive US opportunity
Outlook: capitalising on massive US opportunity Becoming a market leader in online payments for the services industry We are developing payments and receivables solutions for the services industry, helping customers access the advice and services they need, with the ability to pay over time: AGM Pre
Slide 16: Disclaimer
Disclaimer The material contained in this document has been prepared by QuickFee Limited ACN 624 448 693 (“Company”) and contains general information about the Company’s activities current as at the date of this presentation (10 December 2020). By accepting this document you agree to be bound by the