Slide 1: Annual General Meeting
For personal use only Annual General Meeting ReadCloud Limited ASX: RCL, RCLO 29 November 2018 1
Slide 2: 2018 Highlights
For personal use only 2018 Highlights 2
Slide 3: 2018 Highlights
2018 Highlights For personal use only ● Oversubscribed initial public offering in February that raised $5.5 million after costs (corner-stoned by Thorney Investment Group) ● Expansion of the Company’s direct sales team – team now in place to scale and significantly grow the Company ● Solid traction
Slide 4: 2018 Highlights
2018 Highlights For personal use only ● New publisher distribution agreements, including Oxford University Press ● New Resellers, with a further 3 school stationery / book suppliers (bringing the total number of Resellers to 7) ● Acquisition of leading Registered Training Organisation (“RTO”) Austra
Slide 5: FY18 Financial Highlights
FY18 Financial Highlights For personal use only Maiden result as an ASX-listed company included: ● 155% increase in total revenue to $2.1 million, including a 189% increase in sales revenue ● Substantial increase in contracted users and schools on the ReadCloud platform ● Increase in the proportion
Slide 6: FY18 Financial Highlights
FY18 Financial Highlights For personal use only As at 30 June 2018 $ ‘000 ● ReadCloud is well funded – cash at bank as at 30 Assets June 2018 was $4.6 million, with zero debt Cash and cash equivalents 4,593 ● Cash as at 30 September 2018 was $3.7 million Other current assets 583 Property, plant and
Slide 7: Technology Platform
Technology Platform For personal use only ● Major enhancements to the ReadCloud technology platform ready for the 2019 school year, ensuring it continues to be the leading digital solution for schools ○ Complete rewrite of ReadCloud Applications’ reading engines to enable a common code base across a
Slide 8: ReadCloud Has Acquired AIET
For personal use only ReadCloud Has Acquired AIET In November 2018 ReadCloud acquired 100% of Australian Institute of Education and Training (AIET) for up to $2.95 million 8
Slide 9: Overview of AIET
Overview of AIET For personal use only ● Leading Registered Training Organisation (“RTO”) that specialises in providing Vocational Education and Training (“VET”) courses and accreditation to secondary schools ● Creates and delivers proprietary course content for 34 VET courses including Certificate
Slide 10: ReadCloud Is Taking AIET Fully Digital
ReadCloud Is Taking AIET Fully Digital For personal use only Pre-Training Compliance Course Material Assessment/Accreditation • AIET online portal • ReadCloud • AIET online portal – Teacher CV – Teacher Material – Student Exams – Teacher Diploma – Student Material – Assessment – Equipment Checklist
Slide 11: Sales Update
For personal use only Sales Update 11
Slide 12: Sales Update – FY19
Sales Update – FY19 For personal use only • The 2019 selling season has been successful so far: – 30 new direct school customers have agreed to use the ReadCloud platform for school year 2019 (bringing the total to 50 schools) – this represents 150% growth over the 20 direct school customers that Re
Slide 13: Sales Update – FY19
Sales Update – FY19 For personal use only Whilst the 2019 selling season hasn’t finished, management anticipates overall growth from 70 schools to 200+ in the 2019 school year (including schools using ReadCloud for VET courses), with: • higher margin direct schools growing 150% from 20 to at least 5
Slide 14: Key Investment Highlights
For personal use only Key Investment Highlights 14
Slide 15: Key Investment Highlights
Key Investment Highlights For personal use only ● ReadCloud is the leading digital education solution for Australian schools, delivering clear educational benefits and saving schools and students money ● Large market opportunity in Australia with an immediate target market of 2,700 secondary schools
Slide 16: Disclaimer
Disclaimer For personal use only This presentation has been prepared by ReadCloud Limited (“Readcloud”), based on information available as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an inve
Slide 17: ReadCloud Limited contact details
For personal use only ReadCloud Limited 426 Glen Huntly Rd Elsternwick VIC 3185 Contact: Lars Lindstrom - CEO - lars@readcloud.com 17