Bailador Technology Investments Ltd · ASX:BTI
Bailador Technology Investments — FY2018 Earnings Presentation
11 slides from Bailador Technology Investments's earnings presentation, Aug 17, 2018
Slide 1: Results for the period ending 30 June 2018
For personal use only RESULTS For the period ending 30 June 2018 Bailador Technology Investments Limited (ASX:BTI) 1
Slide 2: Portfolio of well established fast growth technology companies at the expansion stage
BTI has a portfolio of investments in well established fast growth technology companies at the expansion stage For personal use only 10 32% $189m investments portfolio company portfolio company revenue growth1 revenue1 Revenue of the underlying portfolio companies grew 32% during the year to 30 June
Slide 3: BTI favours SaaS and Marketplace business models
BTI favours Software-as-a-Service (SaaS) and Marketplace business models For personal use only SaaS Marketplace Data Retail 76% 16% 6% 2% CHARACTERISTICS Predictable recurring revenue Efficient scalability Measurable metrics Ability to address global streams market opportunities 3
Slide 4: Overall portfolio value grew moderately for the 2018 year
Overall portfolio value grew moderately for the 2018 year For personal use only Valuation uplifts for five investments due to strong performance were held back by a write down of one investment 2018 Revaluations $m % SiteMinder 15.4 38% Continues to grow quality customer base with over 30,000 custom
Slide 5: Financial Performance
Financial Performance For the year ended 30 June 2018 For personal use only 30 June 2017 30 June 2018 $000 $000 Change in value of portfolio assets (4,158) 8,384 5 investments marked up 1 investment marked down Interest income 343 115 Total investment growth (3,815) 8,499 Management fee 2,316 2,285
Slide 6: Statement of Financial Position
Statement of Financial Position For personal use only 30 June 2017 30 June 2018 Movement $000 $000 $000 Cash 12,517 3,774 (8,743) $5.5m follow-on investments $3.2m operating costs Receivables 105 69 (36) Deferred tax asset 7,955 14,234 6,279 Financial assets 115,919 129,886 13,967 $8.4m net gain in
Slide 7: Change in Value of Investments
Change in Value of Investments For personal use only Additional Valuation Net 30 June 2017 30 June 2018 $m Investment Movement Movement SiteMinder 40.5 - 15.4 55.9 15.4 Stackla 12.6 - - 12.6 - Straker 8.7 - 2.5 11.2 2.5 Lendi 7.2 - 2.3 9.5 2.3 Instaclustr 4.5 - 4.8 9.3 4.8 DocsCorp 7.5 - 1.7 9.2 1.7
Slide 8: Realisations
Realisations For personal use only Cash realisation from partial or Since listing BTI has had one cash We anticipate that there will be full sale of portfolio investment realisation of $5.0m, selling a cash realisations from one or more positions is a critical element of portion of our SiteMinder ho
Slide 9: Outlook
Outlook For personal use only Bailador’s industry sector focus on Software-as-a- Service and Marketplace businesses continues to be validated by 32% revenue growth1 at high gross margins The Bailador portfolio is very well positioned to take advantage of the accelerating business uptake of Software-
Slide 10: Disclaimer
Disclaimer For personal use only This presentation is confidential and may not be reproduced in whole or in part, or distributed except by Bailador Technology Investment Ltd (“Bailador”) or by authorized representatives of Bailador (“Affiliates”). This presentation does not contain a complete descri
Slide 11: Further Information
For personal use only FURTHER INFORMATION Website: www.bailador.com.au Investor Enquiries: investorservices@bailador.com.au Telephone: +61 2 9223 2344 Bailador Technology Investments Limited (ASX:BTI) 11
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