Slide 1: Full Year Results 2023
FULL YEAR RESULTS 2023 28 AUGUST 2023 ASX: RNT
Slide 2: FY23 Financial Snapshot
FY23 FINANCIAL SNAPSHOT REVENUE $2.8m EBITDA -$2.5m 2
Slide 3: FY23 Operating Snapshot
FY23 OPERATING SNAPSHOT $8.7 million ~7 million 35,914 in loans facilitated Unique Visitors during FY23 Renter Products sold to renters in FY23 >60% organic/unpaid sources to help renters move in FY23 #1 $80 million # 1 rated 1,682,000 In rent paid via ~40,000 people have rated the Applications and
Slide 4: About Us
ABOUT US
Slide 5: We believe Australia's renters deserve better
WE BELIEVE AUSTRALIA’S RENTERS DESERVE BETTER, SO WE’RE DETERMINED TO BE THE CHAMPION THEY NEED… …BY BUILDING TECHNOLOGY TO ENABLE AND EMPOWER AUSTRALIA’S RENTERS. 5
Slide 6: Improving the entire renting journey
IMPROVING THE ENTIRE RENTING JOURNEY SEARCH PHASE TENANCY PHASE FOR RENTERS FOR RENTERS FOR RENTERS FOR RENTERS FOR RENTERS • • • • • • • • • • • • • • • • • FOR AGENTS FOR AGENTS FOR AGENTS FOR AGENTS FOR AGENTS • • • • • • • • • • • • 6
Slide 7: Search Portal
SEARCH PORTAL
Slide 8: Substantial well-regarded marketplace
SUBSTANTIAL WELL-REGARDED MARKETPLACE We have built Australia’s largest dedicated renting community, providing properties, process and advice to thousands of people every day TOP RATED ~ 700,000 +1,700,000 8
Slide 9: Search Portal Revenue
SEARCH PORTAL REVENUE RENTER PRODUCTS RENTCHECK RENTBOND RENTCONNECT 9
Slide 10: RentBond Referral Program
RENTBOND REFERRAL PROGRAM RENTBOND APPLICATIONS 10
Slide 11: Search Portal Revenue
SEARCH PORTAL REVENUE ANNUAL CHANGE IN HOUSING APPROVALS† ADVERTISING SALES FY23 FY22 11
Slide 12: RentPay
RENTPAY
Slide 13: What we are solving – for tenants
WHAT WE ARE SOLVING – FOR TENANTS PAY MORE WAYS AND EARN CASHBACK ON BUILD CREDIT WITH WHEN THEY WANT UTILITY BILLS SCOREBUILDER • • • • • 13
Slide 14: What we are solving – for agents
WHAT WE ARE SOLVING – FOR AGENTS FAST RECEIPTING AND AUTOMATED MORE WAYS TO PAY NO DISHONOURS PAYMENTS AND ALERTS AND RENTER REWARDS • • • • • • 14
Slide 15: Significant addressable market
SIGNIFICANT ADDRESSABLE MARKET POTENTIAL ANNUAL RENTPAY REVENUES The size of the opportunity with RentPay is immense, all renters pay rent – over $60 billion worth a year. With RentPay they can now get value and flexibility for that by making their rent money work for them. • • • ESTIMATED MARKET SH
Slide 16: Active RentPay customers
ACTIVE RENTPAY CUSTOMERS ACTIVE RENTPAY CUSTOMERS • • • • • 16
Slide 17: Average revenue per user (ARPU)
AVERAGE REVENUE PER USER (ARPU) RENTPAY ARPU • • • • 17
Slide 18: Transforming our business
TRANSFORMING OUR BUSINESS ANNUITY REVENUE AS % OF TOTAL • • • • • • 18
Slide 19: Outlook
OUTLOOK
Slide 20: Outlook – New Mortgage Product
OUTLOOK – NEW MORTGAGE PRODUCT EXAMPLE 1 2 4 3 20
Slide 21: Outlook
OUTLOOK rénit.com.au * Good RentPay customer growth has been achieved and we have several active opportunities with large real estate agent groups to bring rent rolls onto RentPay. * Continue the refresh of Rent.com.au search portal to further improve site performance and grow organic user base and
Slide 22: Corporate Information
CORPORATE INFORMATION
Slide 23: Corporate Information
CORPORATE INFORMATION MARKET CAPITALISATION $12.8m ENTERPRISE VALUE $11.5m SHAREHOLDING DISTRIBUTION(1) 23
Slide 24: Seasoned Board
SEASONED BOARD GARRY GARSIDE NON-EXECUTIVE CHAIRMAN ▪ ▪ ▪ SAM MCDONAGH NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ PHIL WARREN NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ JOHN WOOD NON-EXECUTIVE DIRECTOR ▪ ▪ ▪ 24
Slide 25: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM GREG BADER CHIEF EXECUTIVE OFFICER ▪ ▪ ▪ JAN FERREIRA CHIEF OPERATING OFFICER / CHIEF FINANCIAL OFFICER ▪ ▪ ▪ LEE SWANSON GENERAL MANAGER - TECHNOLOGY ▪ ▪ JAMES STEWART PRODUCT MANAGER - RENTPAY ▪ ▪ ▪ SANDRA ANTIPAS HEAD OF CUSTOMER SERVICE ▪ ▪ ▪ 25
Slide 26: Thank You
THANK YOU Contact: investors@rent.com.au 08 6145 2609