Slide 1: For personal use only
For personal use only
Slide 2: Overview
Overview For personal use only ReadCloud is a market leader in digital FY21 Finances content delivery to schools in Australia ❑ $7.7m Revenue ❑ $9.0m Pro-Forma Revenue ❑ Underlying EBITDA positive We deliver the school curriculum and VET-in-Schools for the first time content and assessments digitall
Slide 3: FY21 Financial Highlights
FY21 Financial Highlights For personal use only ● Maiden full-year Underlying EBITDA profit of $15,552 for FY21 (FY20: Underlying EBITDA loss of $161,141) * ● 3% increase in consolidated revenue to $7.69 million (FY20: $7.46 million) ● 43% increase in VET segment revenue to $3.32 million (FY20: $2.3
Slide 4: FY21 Financials: Underlying EBITDA
FY21 Financials Underlying EBITDA For personal use only ($) FY21 FY20 YOY ● Sales and fee revenue up 3% vs FY20: Sales and fee revenue 7,172,072 6,956,136 3% — VET segment sales & fee revenue ↑ 44% (AIET revenue ↑ 12%, revenue contribution from COSAMP) Less publisher & bookseller fees (3,050,995) (3
Slide 5: FY21 Financials: Balance Sheet
FY21 Financials Balance Sheet For personal use only $ Note 30-Jun-21 30-Jun-20 Notes Cash and cash equivalents 1 6,295,556 3,387,609 1. Strong cash position at year-end of $6.3m Trade and other receivables 2 928,268 597,366 2. Includes FY21 R&D tax refund ($0.40 m) that will be received in the Prepa
Slide 6: FY21 Financials: Cash Flow
FY21 Financials Cash Flow For personal use only $ Note 30-Jun-21 30-Jun-20 Underlying EBITDA 1 15,553 (161,141) Interest income 1,425 3,799 Transaction costs uncured on business acquisitions and one-off ASX (144,830) (27,751) fees Working capital changes 36,706 (122,573) Net cash used in operating a
Slide 7: Platform improvements
Platform improvements For personal use only Continued investment in the ReadCloud platform strengthens our competitive advantage ● During FY21, ReadCloud continued to invest in the Company’s proprietary eReader platform to improve user experience, remove pain points for our customers and maintain a
Slide 8: How we accelerate growth / outlook
How we accelerate growth / outlook For personal use only Following the acquisition of COSAMP and Ripponlea Institute, ReadCloud’s annualised revenue run-rate at the end of FY21 stands at over $9.0 million (assuming COSAMP and Ripponlea Institute were owned for all of FY21) Management is confident th
Slide 9: How we accelerate growth / outlook (cont'd)
How we accelerate growth / outlook (cont’d) For personal use only ● Investment in the Direct Curriculum sales channel and increased marketing — In recent months, partially in response to COVID lockdown restrictions, ReadCloud has implemented a new outbound phone / online video sales force servicing
Slide 10: 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 parents money ● Large market opportunity in Australia with an immediate target market of 2,775 secondary schools
Slide 11: Corporate snapshot
Corporate snapshot For personal use only ASX Code: RCL Substantial Shareholders Share Price (25 August 2021) $0.31 Thorney Group* 10.9% Market capitalisation (@ 31 cents) $36.7m Kinderhook LP 8.5% Shares on issue (listed) 118.3m Lars Lindstrom 7.2% Options on issue (unlisted) 1.6m Hunmar Holdings/Da
Slide 12: Appendix A: Reconciliation Underlying EBITDA to statutory result
Appendix A: Reconciliation Underlying EBITDA* to statutory result For personal use only 1. FY21 Maiden Underlying EBITDA profit $ Note FY21 FY20 YOY 2. Higher depreciation & amortisation expense in FY21 due Underlying EBITDA* 1 15,553 (161,141) 110% to: Depreciation & amortisation 2 (928,536) (702,2
Slide 13: 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 14: For personal use only
For personal use only ReadCloud Limited 284 Bay Street Brighton VIC 3186 Lars Lindstrom | CEO lars@readcloud.com 14