Frontier Digital Ventures Ltd. · ASX:FDV
Frontier Digital Ventures — Shareholder Meeting (May 2023)
37 slides from Frontier Digital Ventures's shareholder meeting presentation, May 16, 2023
Slide 1: Annual General Meeting
Annual General Meeting rsonal use only 16 May 2023
Slide 2: Welcome
WELCOME rsonal use only Welcome to the 2023 Annual General Meeting of Frontier Digital Ventures Limited (ASX: FDV) 2 FRONTIER DIGITAL VENTURES
Slide 3: Procedural Matters
PROCEDURAL MATTERS rsonal use only • Notice of Meeting • Proxy Votes • Voting Exclusions • How to ask questions • How to cast your vote 3 FRONTIER DIGITAL VENTURES
Slide 4: How to Cast Your Vote
HOW TO CAST YOUR VOTE To vote online visit: https://meetnow.global/M49TAMG rsonal use only • When the poll is open, select the vote icon at the top of the screen Items of Business • To vote, select either For, Against or Abstain 2A Re-elect Mr Sam Sample as a Director FOR AGAINST ABSTAIN • You will
Slide 5: Chairman's Address
rsonal use only Chairman’s Address
Slide 6: CEO Presentation
rsonal use only CEO Presentation
Slide 7: Leading Online Marketplaces in Emerging Markets
rsonal use only LEADING ONLINE MARKETPLACES IN EMERGING MARKETS 2023 ANNUAL GENERAL MEETING | 16 MAY 2023
Slide 8: FDV at a Glance
FDV AT A GLANCE #1 online marketplaces 15 market leading online marketplaces across 20 high growth rsonal use only emerging markets Portfolio diversification Strategically structured across three separate operating regions, FDV LATAM, FDV Asia and FDV MENA Resilient core classifieds business Marketp
Slide 9: Market Leading Businesses
MARKET LEADING BUSINESSES FDV Group structured across three key geographic regions to support FDV at full potential FDV Group rsonal use only FDV LATAM FDV Asia FDV MENA #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 1Q FY23 Revenue #1 1Q FY23 Revenue 1Q FY23 Revenue A$11.4m A$4.7m A$2.1m 1Q FY23 EBITDA 1Q FY2
Slide 10: Maiden Positive Operating Cash Flow
MAIDEN POSITIVE OPERATING CASH FLOW Consistent execution against strategy towards long-term sustainable growth Quarterly net operating cash flows1 rsonal use only (A$m; unaudited) 1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22 3Q FY22 4Q FY22 1Q FY23 Positive operating cash flows Encuentra24 Target
Slide 11: Financial Performance
FINANCIAL PERFORMANCE Demonstrated ability to achieve sustainable top line growth while significantly improving operating leverage Portfolio revenue and EBITDA since IPO1,2 rsonal use only (A$m, FDV % share basis) Rapid growth trajectory Revenue growth from A$3.8m in FY16 to A$82.3m in FY22, represe
Slide 12: Portfolio EBITDA Margin
PORTFOLIO EBITDA MARGIN Demonstrates FDV’s proven ability to drive margin expansion at the operating company level Portfolio EBITDA margin uplift rsonal use only (FDV % share basis) FY16 FY17 FY18 FY19 FY20 FY21 FY22 1Q FY23 Annual basis 11%2 8%1 3% 3% (4%) Onset of COVID-19 (19%) (37%) Strong perfo
Slide 13: Recent Key Focus Areas
RECENT KEY FOCUS AREAS Continued optimisation of FDV’s portfolio and other corporate activities to drive long-term shareholder value rsonal use only FDV LATAM restructure Cost optimisation Platform development Successful capital raising Implementation of a local Various cost optimisation initiatives
Slide 14: Strategy Overview
rsonal use only STRATEGY OVERVIEW
Slide 15: Proven Business Model
PROVEN BUSINESS MODEL Unlocking the long-term value of leading classifieds marketplaces rsonal use only FDV PROVIDES VALUABLE STRATEGIC OVERSIGHT AND SUPPORT Identify Strengthen Grow core Move closer to opportunities market classifieds the transaction leadership business Track and identify leading B
Slide 16: Evolution of Core Classifieds Model
EVOLUTION OF CORE CLASSIFIEDS MODEL Expanding the traditional core classifieds model to service buyers and sellers through to the transaction rsonal use only Search Discover Marketing Inspections Financing Transaction Traditional core ✓ Listings on portals attract buyers and the portals help match t
Slide 17: Significant Upside Potential
SIGNIFICANT UPSIDE POTENTIAL Capturing significant revenue opportunity by turning low value leads into high value transaction revenue Auto revenue opportunity Property revenue opportunity rsonal use only (A$) (A$) 10,347 7,766 639 182 5 3 0.04 1 Classifieds revenue per lead Transactions revenue per
Slide 18: Monetisation Opportunities
MONETISATION OPPORTUNITIES Leveraging marketplaces to drive long-term equity value creation rsonal use only Monetisation opportunities (not exhaustive) Value catalysts $ FDV continues to explore monetisation options to Market intermediary maximise value for shareholders facilitating transactions IPO
Slide 19: Additional Information
rsonal use only ADDITIONAL INFORMATION
Slide 20: Strong Track Record of Long-Term Value Creation
STRONG TRACK RECORD OF LONG-TERM VALUE CREATION rsonal use only • One of the top global online marketplace executives with a strong track record of long-term value creation • Former CEO of iPropertyGroup (ASX: IPP) and General Manager at REA Group • Spearheaded the transformation of iProperty Group
Slide 21: Corporate Overview
CORPORATE OVERVIEW FDV has a strong balance sheet, and its shares are tightly held Share price performance (last 12 months) Substantial shareholders rsonal use only $1.15 Catcha Group (Patrick Grove and Luke Elliott) 13.1% $1.05 Shaun Di Gregorio (Founder and CEO) 9.8% $0.95 Barca Global Master Fund
Slide 22: Ordinary Business: Financial Statements and Reports
ORDINARY BUSINESS rsonal use only Financial Statements and Reports “To receive and consider the Company’s annual financial report, including the directors’ report and the auditor’s report for the year ended 31 December 2022.” 22 FRONTIER DIGITAL VENTURES
Slide 23: Resolution – Adoption of Remuneration Report
ORDINARY BUSINESS rsonal use only Resolution 1 – Adoption of Remuneration report To consider and, if thought fit, to pass the following resolution as a non-binding ordinary resolution: “That the Company adopt the remuneration report for the year ended 31 December 2022 in accordance with section 250R
Slide 24: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 1 rsonal use only Number % FOR 96,042,962 97.33 AGAINST 933,600 0.95 OPEN – Nominated Chair1 1,087,076 1.10 – Other Nomination 609,639 0.62 1. To be voted in favour of the resolution 24 FRONTIER DIGITAL VENTURES
Slide 25: Resolution – Re-election of Mr Mark Licciardo
ORDINARY BUSINESS rsonal use only Resolution 2 – Re-election of Mr Mark Licciardo as a Director To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Mark Licciardo, who retires by rotation in accordance with the Company’s Constitution and, being eligi
Slide 26: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 2 rsonal use only Number % FOR 126,776,739 92.90 AGAINST 7,959,434 5.83 OPEN – Nominated Chair1 1,133,760 0.83 – Other Nomination 600,639 0.44 1. To be voted in favour of the resolution 26 FRONTIER DIGITAL VENTURES
Slide 27: Resolution – Ratification of Appointment of Auditor
ORDINARY BUSINESS rsonal use only Resolution 3 – Ratification of Appointment of Auditor To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purposes of section 327B of the Corporations Act, and for all other purposes, PKF Brisbane Audit, having
Slide 28: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 3 rsonal use only Number % FOR 133,452,390 98.70 AGAINST 74,676 0.05 OPEN – Nominated Chair1 1,093,961 0.81 – Other Nomination 600,639 0.44 1. To be voted in favour of the resolution 28 FRONTIER DIGITAL VENTURES
Slide 29: Resolution – Ratification of Prior Issue of Ordinary Shares
ORDINARY BUSINESS rsonal use only Resolution 4 – Ratification of prior issue of Ordinary Shares To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That in accordance with ASX Listing Rule 7.4, the Company ratifies and approves for the purposes of ASX Listin
Slide 30: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 4 rsonal use only Number % FOR 125,852,318 98.40 AGAINST 332,507 0.26 OPEN – Nominated Chair1 1,093,961 0.86 – Other Nomination 609,639 0.48 1. To be voted in favour of the resolution 30 FRONTIER DIGITAL VENTURES
Slide 31: Resolution – Renewal of Proportional Takeover Provisions
ORDINARY BUSINESS rsonal use only Resolution 5 – Renewal of Proportional Takeover Provisions To consider and, if thought fit, to pass the following resolution as a special resolution: “That, pursuant to section 648G of the Corporations Act 2001 (Cth), the proportional takeover approval provisions in
Slide 32: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 5 rsonal use only Number % FOR 134,952,087 98.62 AGAINST 1,703,600 1.25 OPEN – Nominated Chair1 1,093,961 0.80 – Other Nomination 609,639 0.45 1. To be voted in favour of the resolution 32 FRONTIER DIGITAL VENTURES
Slide 33: Resolution – Amendments to the Constitution
ORDINARY BUSINESS rsonal use only Resolution 6 – Amendments to the Constitution To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of section 136(2) of the Corporations Act and for all other purposes, the Constitution of the Company be
Slide 34: Proxy Voting Results – Resolution
PROXY VOTING RESULTS – RESOLUTION 6 rsonal use only Number % FOR 133,341,731 97.66 AGAINST 1,703,600 1.25 OPEN – Nominated Chair1 1,093,961 0.80 – Other Nomination 609,639 0.45 1. To be voted in favour of the resolution 34 FRONTIER DIGITAL VENTURES
Slide 35: Other Business
OTHER BUSINESS rsonal use only Other Business 35 FRONTIER DIGITAL VENTURES
Slide 36: Voting and Meeting Close
OTHER BUSINESS rsonal use only Voting and Meeting Close 36 FRONTIER DIGITAL VENTURES
Slide 37: Thank you for your attendance
rsonal use only Thank you for your attendance
Frontier Digital Ventures — Shareholder Meeting (May 2023) on 6ix