Quickfee Ltd. · ASX:QFE
Quickfee — Market Eye's virtual conference: Tech companies innovating during COVID-19 (May 2020)
12 slides from Quickfee's conference presentation, May 21, 2020
Slide 1: Market Eye's virtual conference presentation
For personal use only Market Eye’s virtual conference presentation Tech companies innovating during COVID-19 Bruce Coombes, CEO 20 May 2020 QuickFee Limited
Slide 2: Introduction to QuickFee
Introduction to QuickFee For personal use only QuickFee $ Accountant Client or lawyer PAID IN FULL & MONTHLY LOAN GUARANTEES THE CLIENT’S PAYMENTS LOAN • QuickFee provides a payments processing portal with pay in full (PayNow) and payment plans with monthly instalments (PayLater) options available t
Slide 3: Revenue sources
Revenue sources Multiple revenue sources For personal use only Source Australian market US market Interest and fee income from lending YES YES Platform fees Some YES Transaction income NO YES Credit card processing income NO YES SaaS e-invoicing tool revenue Q3 release Q3 release 3
Slide 4: QuickFee journey post IPO
QuickFee journey post IPO COVID-19 accelerating trend towards online payments For personal use only All things payments… All things receivables…. Large opportunity to grow and capitalise on ‘modernising’ US market and our first mover …for professional services firms advantage • US transactional reve
Slide 5: QuickFee US
QuickFee US Growing rapidly; first mover advantage For personal use only United States IPO – 9 July 2019 March 2020 % increase Up front (PayNow) monthly portal US$10.7m US$30.1m (March) ▲325% transaction value (FY 2019 average) US$45.5m (April) Lending (PayLater) monthly US$650k US$1.5m (March) ▲131
Slide 6: Enormous transformation opportunity in US
Enormous transformation opportunity in US AU vs US – % of invoices sent electronically For personal use only AU 2020 US 2020 % of invoices sent electronically % of invoices sent electronically % of firms % of firms Source: QuickFee CSAT survey (February 2020) 6
Slide 7: COVID-19 driving growth in the US
COVID-19 driving growth in the US Transaction value annualised run rate now US$546 million For personal use only Value of electronic payments processed Up front (PayNow) monthly portal by QuickFee US (USD) transaction value (USD) during COVID-19 lockdown Week commencing: $9,000,000 9 March: $4.4 mil
Slide 8: QuickFee Australia
QuickFee Australia An established business showing strong growth since IPO For personal use only Australia IPO – 9 July 2019 March 2020 % increase Up front (PayNow) monthly portal A$2.4m (FY 2019 A$3.6m ▲50% transaction value average) Lending (PayLater) monthly A$3.5m (FY 2019 A$4.0m (FY 2020 ▲14% t
Slide 9: AU and US charts
AU and US charts Increased activity across all metrics For personal use only AU PayLater (lending) US PayLater (lending) 9 months ended March 2020 9 months ended March 2020 vs March 2019 (AUD) vs March 2019 (USD) $35.8 $9.1 million million $28.6 million $5.6 million Jul-18 to Mar-19 Jul-19 to Mar-20
Slide 10: Successfully raised $7.5 million in May
Successfully raised $7.5 million in May Funding to drive continued growth in the US For personal use only Use of funds • A$6.0 million – Fund increased loan book • Strong anticipated growth of lending book (equity portion of loans) as a result of the impact of COVID-19 crisis on accounting firms and
Slide 11: Contact details
For personal use only Contact details: Bruce Coombes, CEO P: +61 418 286 842 E: bruce@quickfee.com Eric Kuret, Market Eye P: +61 417 311 335 E: eric.kuret@marketeye.com.au 11
Slide 12: Disclaimer
Disclaimer For personal use only The material contained in this document is a presentation of general information about QuickFee Limited activities current as at the date of this presentation (20 May 2020). It is provided in summary and does not purport to be complete. You should not rely upon it as