Ras Technology Holdings Limited · ASX:RTH
Ras Technology — FY2024 Earnings Presentation
20 slides from Ras Technology's earnings presentation, Aug 22, 2024
Slide 1: FY24 Results Investor Presentation
FY24 RESULTS INVESTOR PRESENTATION AUGUST 2024
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by RAS Technology Holdings Limited ACN 650 066 158 Estimates and projections involve risks and uncertainties and are subject to change based on (Company or Racing and Sports) and has been authorised for issue by the Board of the var
Slide 3: Vision statement
Vision statement “To be the global leader in data, analytics and technology for the wagering and racing industries” 3
Slide 4: Executive summary
Executive summary ENHANCED INFORMATION WAGERING DIGITAL & SERVICES TECHNOLOGY MEDIA • Leading B2B Data Services • Trading Manager Platform • Global media services • Advanced form & analytics • Managed Trading Service • High value advertising • Predictive models & tips • Complete Racing Solution • Di
Slide 5: FY24 Group Highlights
FY24 GROUP HIGHLIGHTS $16.2 $1.9 $18.9 MILLION MILLION MILLION GROUP REVENUE EBITDA ARR¹ +38% vs PCP +$1.7m vs PCP +43% vs PCP Operating leverage increasing $8.3 $2.3MILLION MILLION $187k INFLOW Net Profit CASH Before Tax CASH FLOW FROM Stabilisation of cash ensures company is +$1,335k OPERATIONS we
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS Agreement with leading global Expanded relationship with Signed landmark deal in the online casino and sportsbook RWWA with RAS selected as UK with platform provider Stake.com to provide provider of premium racing Playbook Engineering, which a complete racing solution to their co
Slide 7: Financial Performance
FINANCIAL PERFORMANCE REVENUE ANNUAL RECURRING REVENUE Sustained organic revenue growth • FY revenue has almost doubled since +38% +43% FY22 (same year RTH listed on ASX) $18.9m and in the same period our ARR $18.0m $16.2m $20.0m +48% +41% $18.0m has more than doubled. $16.0m $14.0m $16.0m • Third s
Slide 8: FY24 ARR Trends
FY24 ARR TRENDS ENHANCED RECURRING REVENUE BASE, DRIVEN BY CONTINUED SALES MOMENTUM AND KEY STRATEGIC DEALS COMING ONLINE ENHANCED INFORMATION SERVICES WAGERING TECHNOLOGY DIGITAL & MEDIA +28% +65% +39% $14.0m +48% $7.0m $1.4m $11.7m $5.9m +45% $1.2m $12.0m $6.0m +65% $1.2m $10.0m $9.1m $5.0m $1.0m
Slide 9: Return to Profitability
RETURN TO PROFITABILITY Operational Cashflows FY21-FY24 Continued strong improvement in ARR and operating cashflow. $2.0m $20.0m ARR- Creating operating leverage $1.5m Right hand side index $15.0m with revenue scaling over a relatively fixed cost base. $1.0m $10.0m $0.5m $5.0m Proactive and ongoing
Slide 10: Customers
Customers ENHANCED INFORMATION SERVICES DIGITAL WAGERING & MEDIA TECHNOLOGY WAGERING OPERATORS DIGITAL & MEDIA WAGERING TECHNOLOGY WAGERING & DATA DATA PARTNERS 10
Slide 11: Stake.com
Stake.com New racing offer to Stake.com’s entire customer base successfully launched in June, with results in line with expectations. RAS providing full turnkey solution, including market-leading racing data and enhanced content, trading manager platform, full risk management services, sophisticated
Slide 12: Playbook Engineering
Playbook Engineering Successful integration of Robust revenue Racing and Sports data and growth expected throughout content onto the Playbook FY25, driven by increased Engineering platform, adoption of services and with 12 brands already live. ongoing expansion of partnership. Further brand integrat
Slide 13: Trading update
Trading update Agreement formed to provide digital sample collection platform Data and Content multi-year deal signed with Pointsbet. software for RWWA. New agreement with Pragmatic Play, leading Picklebet is transitioning from the MTS solution to our in-house sportsbook, casino and slots provider t
Slide 14: Waterhouse VC
WATERHOUSE VC Strategic growth partnership • Waterhouse VC and RAS have formed a strategic global partnership to accelerate growth and expand the pipeline and opportunities for Racing and Sports. • Waterhouse VC will provide RAS access to their extensive global network led by Tom Waterhouse. • Oppor
Slide 15: Strategic Outlook
STRATEGIC OUTLOOK Well positioned for Strategic partnership with Tom Major opportunities in the UK, continued robust revenue Waterhouse VC Fund is expected Europe and beyond including and profit growth in FY25 to accelerate global growth. growing revenue from platform after strong finish to FY24. pr
Slide 16: Appendix
APPENDIX
Slide 17: Profit and Loss Statement
PROFIT AND LOSS STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 COMMENTS Jun 2024 Jun 2023 $’000 $’000 Revenue Revenue from contracts with customers 16,181 11,720 Other income 1,696 1,573 • Overall net profit before tax of $187k, first before tax profit since listing on the ASX. Expenses Data an
Slide 18: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 Jun 2024 Jun 2023 $’000 $’000 Assets Current assets Cash and cash equivalents 8,348 8,683 COMMENTS Trade and other receivables 3,611 2,199 Contract assets 291 403 Other assets 237 232 Total current assets 12,487 11,517 • Cash
Slide 19: Cash Flow Statement
CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 Jun 2024 Jun 2023 Cash flows from operating activities $’000 $’000 COMMENTS Receipts from customers (inclusive of GST) 16,678 11,731 Payments to suppliers and employees (inclusive of GST) (15,859) (12,771) Receipts from government grants
Slide 20: Thank You
THANK YOU investor@racingandsports.com.au www.racingandsports.com.au
RAS Technology Holdings — FY2024 Earnings Presentation on 6ix