Slide 1: AI-Powered SaaS Platform for Lifelong Learning: Market Update Q2 2023
For personal use only AI-POWERED SAAS PLATFORM FOR LIFELONG LEARNING Market Update Q2 2023 31st July 2023
Slide 2: Average Customer Value Drives Platform Revenue Growth
Average Customer Value Drives Platform Revenue Growth For personal use only Q2 2023 Highlights • Platform SaaS ARR grew 15% YoY with average annual customer value increasing $1.84m 15% $8,178 25% 25% YoY as existing customers upgraded Jun FY23 Platform SaaS ARR ARR per customer their subscriptions a
Slide 3: SaaS ARR Continues Reliable Quarterly Growth
SaaS ARR Continues Reliable Quarterly Growth For personal use only SaaS ARR (AUD $million) 1.840 • SaaS ARR continued its reliable quarterly 1.788 growth, increasing to $1.84m at the end of Q2 • The strategy to grow both customer numbers 1.715 and average customer value continues to 1.687 show posit
Slide 4: AI Assistant to Drive New Credit Based Revenue Stream
AI Assistant to Drive New Credit Based Revenue Stream For personal use only Customer Rollout Completed Driving Revenue Growth • 225 customers now have • The AI Assistant is now access to the AI Assistant available to all customers on a ‘credit system’ that drives • 12 types of different content addi
Slide 5: Sales Operations Commenced in India
Sales Operations Commenced in India For personal use only Known as OpenLearning Bharat, sales are underway in collaboration with our partner ECA across India Sales operations are initially focused on New Delhi and Hyderabad with 2 large events being staged in July attracting hundreds of senior execu
Slide 6: Net Cash Outflows and Funding
Net Cash Outflows and Funding For personal use only Net Cash Outflows Funding $1.10m 30% $0.1m $1.31m $1.80m Net cash outflows One-off Cash on hand Debt facility available restructuring costs • Net cash outflows decreased to $1.10m in Q2, 2023 • Secured a $3m loan facility from ECA in Q2 2023 which
Slide 7: Authorised by / Investor Relations
For personal use only Authorised by: Adam Brimo Managing Director & CEO Investor Relations Matthew Reede Dominion Partners https://solutions.openlearning.com +61 414 483 054 Matt@dominion.partners