Ras Technology Holdings Limited · ASX:RTH
Ras Technology — FY2023 Earnings Presentation
22 slides from Ras Technology's earnings presentation, Aug 28, 2023
Slide 1: FY23 Results Investor Presentation
FY23 RESULTS Investor Presentation 28 AUGUST 2023 1
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by RAS Technology Holdings Limited ACN 650 066 158 (Company or Racing No representa tion or wa rranty is made as to the accura cy, completeness or reliability of the informa tion. and Sports) and has been authorised for issue by the
Slide 3: Table of Contents
TABLE OF CONTENTS 01 FY23 Group Highlights 02 Business and Segment Overview 03 Operational Highlights 04 Financial Highlights 05 Strategy focus and outlook for FY24 06 Appendices – Financial reports 3
Slide 4: FY23 Group Highlights
FY23 GROUP HIGHLIGHTS $11.72 $262k $13.2 MILLION SURPLUS MILLION EBITDA AMRR GROUP REVENUE +41% vs FY22 + $2.43 million +48% vs FY22 vs FY22 $8.68 55 $64k MILLION CUSTOMERS INFLOW CASH TOTAL CASH FLOW CUSTOMERS FROM OPERATIONS Well positioned for growth via + 15% vs FY22 + $1.78 million organic and
Slide 5: Business Overview
BUSINESS OVERVIEW Over 20 years of racing intelligence, data and insights giving our customers and punters the edge Enhanced Wagering Digital Information Services Technology & Media 5
Slide 6: Enhanced Information Services
ENHANCED INFORMATION SERVICES B2B WAGERING SOLUTIONS FOR OPERATORS, RETAIL, PRIVATE CUSTOMERS, AND RACING BODIES Core Products Unique Value Proposition • Racing information & content products covering all 3 • Largest Racing Database: Over 20 years of meticulously curated racing codes (Thoroughbred,
Slide 7: Customer Example
CUSTOMER EXAMPLE Market Best in class leading Editorial analytics Racing and Sports is the leading provider of racing information, which enhances 7 customer experience and drives increased turnover for wagering operators.
Slide 8: Wagering Technology
WAGERING TECHNOLOGY END-TO-END SOLUTIONS FOR WAGERING OPERATORS Core Products Unique Value Proposition • Industry leading and fully integrated: trading technologies • Trading technologies designed and built with the inclusion of over and managed trading services platform and stack. 20 years industry
Slide 9: Case Study
CASE STUDY PICKLEBET WAS FOUNDED IN 2020: INITIALLY FOCUSED ON SPORTS AND E-SPORTS WHICH SUCCESSFULLY APPEALED TO A YOUNGER DEMOGRAPHIC 2022 Partnership with Value-Added Racing and Sports Services: • Diversification: • Customer Profiling: Tailoring Expanded to include a racing offerings to individua
Slide 10: Digital and Media
DIGITAL AND MEDIA WAGERING-FOCUSED MEDIA, DIGITAL, AND PUBLISHING SERVICES Core Products Unique Value Proposition • Trusted industry web and mobile app (soon) platforms. • 3+ Million Unique Users Annually and over 60-million • Digital Advertising: Captivating online audiences. page views. • Virtual
Slide 11: FY23 Operational Highlights
FY23 OPERATIONAL HIGHLIGHTS Signed 6-year deal with Two-year deal with Expanded the existing RAS is now providing Tabcorp to supply market- Picklebet to provide 5-year deal with Entain, now the National Form Database leading content and Risk Managed Trading valued at $5 million, to for the Greyhound
Slide 12: Financial Performance
FINANCIAL PERFORMANCE KEY PERFORMANCE METRICS Sustained organic customer growth • FY23 total customers: 55 (+7 vs FY22). Revenue ($m) EBITDA ($m) • FY23 enterprise customers: 22 (+3 vs FY22). $14.0m $.5m $0.3m $11.7m • Fifth consecutive year of growth in $12.0m +41% - customers. $10.0m $8.3m FY22 FY
Slide 13: FY23 Revenue Trends
FY23 REVENUE TRENDS ENHANCED RECURRING REVENUE BASE, GROWING CONTRIBUTION FROM DOMESTIC CUSTOMERS Enhanced Information Services Wagering Technology Digital & Media $1.0m $10.0m $9.1m $4.0m $3.6m $0.8m +48% +65% $.8m +33% $8.0m $3.0m $0.6m $6.2m $.6m $0.4m $2.2m $6.0m - $2.0m $.4m $4.0m $1.0m $.2m $0
Slide 14: Return Towards Profitability
RETURN TOWARDS PROFITABILITY PURSUIT OF ENHANCED SCALE TEMPORARILY IMPACTED PROFITABILTY • Increased operating leverage, reflecting revenue growth and scale Operating Cashflows FY2022-2023 enhancements on stable 1,500,000 15,000,000 fixed cost base AMRR- Right hand side index • Incremental future re
Slide 15: FY24 Strategic Focus and Outlook
FY24 STRATEGIC FOCUS AND OUTLOOK ENHANCED WAGERING DIGITAL INFORMATION SERVICES TECHNOLOGY & MEDIA • Work closely and collaboratively with rights holders • Expand sales of our industry leading trading • Maximise revenue generated from digital assets. and racing bodies globally. technology stack, acc
Slide 16: Appendix
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Slide 17: Profit and Loss Statement
PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Revenue Revenue from contracts with customers 11,720 8,328 • Overall net loss before tax of $1.1m. Other income 1,573 663 • Strong revenue growth of 41%, underpinned by Data and Wagering Expenses Technol
Slide 18: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Assets Current assets Cash and cash equivalents 8,683 10,767 Trade and other receivables 2,199 1,469 • Cash balance of $8.7m, cash burn has Contract assets 403 54 Other assets 232 121 stabilised pa
Slide 19: Cash Flow Statement
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Cash flows from operating activities Receipts from customers (inclusive of GST) 11,731 8,336 Payments to suppliers (inclusive of GST) (12,771) (8,268) • Operating activities, in the post IPO-era Receipts from
Slide 20: Board of Directors
BOARD OF DIRECTORS KATE CARNELL GARY CRISPE GREG NICHOLS JAMES PALMER SOPHIE KARZIS Non-Executive Executive Director and Non-Executive Non-Executive Non-Executive Chair Chief Commercial Director Director Director Director Kate Carnell is an experienced company Gary Crispe is a co-founder of Racing a
Slide 21: Executive Team
EXECUTIVE TEAM GARY CRISPE STEPHEN CRISPE TIM OLIVE ROBERT VILKAITIS BRENT DOLAN Executive Director and Chief Executive Chief Financial Chief Technology Managing Chief Commercial Director Officer Officer Officer Director, UK Gary Crispe is a co-founder of Racing and Stephen is an experienced c-level
Slide 22: Thank You
THANK YOU INVESTOR@RACINGANDSPORTS.COM.AU THANK YOU WWW.RACINGANDSPORTS.COM.AU
RAS Technology Holdings — FY2023 Earnings Presentation on 6ix