Slide 1: SNN Network Australia virtual event presentation
ASX Release | 11 November 2020 SNN Network Australia virtual event presentation QuickFee Limited (ASX:QFE) advises that today it presented at SNN Network’s Australia virtual event. Attached is the presentation that Managing Director and CEO, Bruce Coombes delivered to investors at 8:00 am (AEDT) tod
Slide 2: All things payments, all things receivables for professional service firms
All things payments, all things receivables for professional service firms Founded in 2009 and operating in Australia and the United States, QuickFee offers payment and lending solutions to professional service firms. In July 2019, QuickFee Australia and QuickFee US became wholly owned by QuickFee L
Slide 3: SNN Network Australia Virtual Event
SNN Network Australia Virtual Event Bruce Coombes, CEO 11 November 2020
Slide 4: Introduction to QuickFee
Introduction to QuickFee Advice Now, Pay Later… A proven platform providing cash flow certainty A platform that borrowers rate highly 90 % of users found that accounting and law firms offering payment plans is very important. 92 % of users found the QuickFee payment plan application very or extremel
Slide 5: Significant global opportunity
Significant global opportunity Huge professional services market in the US Source: IBISWorld Investor Presentation November 2020 3
Slide 6: Multiple revenue sources
Multiple revenue sources COVID-19 accelerating trend towards online payments All things payments, all things receivables for professional service firms Source AU market US market Interest and fee income from lending YES YES Platform fees Some YES Transaction income NO YES Net credit card processing
Slide 7: Easy-to-use online payment portal 24/7
Easy-to-use online payment portal 24/7 Investor Presentation November 2020 5
Slide 8: US market is modernising
US market is modernising Creating significant opportunities for QuickFee • Huge opportunity to grow both lending revenue and transactional revenue with the ‘modernising’ of the US market and our first mover advantage % of invoices sent electronically • Growing numbers of new firm sign ups a leading
Slide 9: FY20 highlights and Q1 FY21 update
FY20 highlights and Q1 FY21 update
Slide 10: FY20 highlights
FY20 highlights A year of significant progress; well positioned for strong growth US$13.0m A$49.3m US$6.6m A$27.5m Record growth in Record growth in Record value of Record value of US lending AU lending US loan book AU loan book 63% 17% 52% 15% A$8.5m A$13.5m 412 US$305m Reco
Slide 11: FY20 financial overview
FY20 financial overview Strong growth achieved across key metrics US lending US lending book +63% +52% Revenue US$13.0m +47% US$6.6m US$8.0m US$4.4m FY19 FY20 FY19 FY20 A$8.5m A$5.8m AU lending AU lending book +17% +15% FY19 FY20 A$49.3m A$27.5m A$42.0m A$23.8m FY19 FY20 FY19 FY20 Investor Presentat
Slide 12: COVID-19 accelerated shift to online payments in the US
COVID-19 accelerated shift to online payments in the US EOFY20 transaction value annualised run rate US$554m; annualised revenue run rate at US$1.5m US transaction values • Payment portal transaction revenue up 301% to A$1.3m in FY20 • Annualised US merchant fee revenue run rate of US$1.5m (based on
Slide 13: Q1 FY21 quarterly update
Q1 FY21 quarterly update 4th consecutive quarter of record lending in the US; tougher conditions being experienced in Australia • Continued rapid growth in key US market; fourth consecutive quarter of record lending Sep quarterly lending - US (USD) +91% – up 91% to US$4.1 million (Q1 FY20: US$2.2 mi
Slide 14: The next stage: QuickFee Instalments
The next stage: QuickFee Instalments
Slide 15: QuickFee Instalments product launched in partnership with Splitit
“QuickFee Instalments” product launched in partnership with Splitit Complements existing offerings Technology QuickFee Funding “QuickFee Instalment” • Pre-authorisation technology • Full payment to firm at • No recourse contract inception How it works: • Client credit card 1. Client accesses profess
Slide 16: Increasing the market opportunity
Increasing the market opportunity “QuickFee Instalments” product will drive lending growth by opening up new market segments • In the US market, QuickFee currently services firms with >US$1m in annual revenue US firm • QuickFee Instalments will allow QuickFee to address a further 650,000 firms in th
Slide 17: Why are we doing this?
Why are we doing this? Helping customers access advice they need; capturing greater market share California as an example • 55% of Californians experience at least one civil legal problem in their Increase QuickFee’s household each year, and 13% of Californians experience six or more target market b
Slide 18: Accelerating Tech
Accelerating Tech
Slide 19: Pivoting to 'next level' technology
Pivoting to ‘next level’ technology Accelerating tech investments to capitalise on market shifts • Structural market shift is underway – professional services firms are ‘digitising’ – COVID-19 has accelerated this shift Current tech developments • QuickFee is currently completing its e-invoicing and
Slide 20: Outlook
Outlook
Slide 21: Outlook: capitalising on massive US opportunity
Outlook: capitalising on massive US opportunity Becoming a global market leader as an online payment provider • A strengthened financial position, record new firm sign ups, technology enhancements, and investment in people • US market is modernising, creating significant opportunities – QuickFee is
Slide 22: Questions
Questions
Slide 23: Contact details
Contact details: Bruce Coombes, CEO Eric Kuret, Investor Relations p: +61 418 286 842 p: +61 3 9591 8904 e: bruce@quickfee.com e: eric.kuret@marketeye.com.au
Slide 24: Disclaimer
Disclaimer The material contained in this document is a presentation of general information about QuickFee Limited activities current as at the date of this presentation (11 November 2020). It is provided in summary and does not purport to be complete. You should not rely upon it as advice for inves