Rasan Information Technology Co. · TADAWUL:8313
Rasan Information Technology — FY2025 Earnings Presentation
29 slides from Rasan Information Technology's earnings presentation, Feb 24, 2025
Slide 1: Rasan's Earnings Call FY 2025
RASAN’S EARNINGS CALL FY 2025 24 February 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain statements that are forward-looking statements. They appear in a number of places throughout this presentation and include statements regarding the intentions, beliefs and/or current expectations of Rasan (the “Company”) and its subsidiaries (together, t
Slide 3: Agenda
01 | Opening Remarks 02 | Market Dynamics 03 | Business Update AGENDA 04 | Financial Performance FY 2025 05 | Way Forward 06 | Q&A 3
Slide 4: Opening Remarks
OPENING REMARKS
Slide 5: 2025 – Accelerating Growth, Strengthening the Platform
2025 – ACCELERATING GROWTH, STRENGTHENING THE PLATFORM Continued Execution of our Strategic Roadmap 2023 2024 2025 Foundation Growth Acceleration 653 (+82% YoY) 358 (+40% YoY) 45% Revenue (M) 256 (+57% YoY) 32% Adj. EBITDA Margin 25% 5
Slide 6: Delivered on Strategy Across Every Metric
DELIVERED ON STRATEGY ACROSS EVERY METRIC Financial Performance Operational Excellence Strategic Positioning & Growth Record FY'25 results: Operating leverage confirmed: Strategic partnerships • Revenue 653M (+82% YoY) • Gross profit 465M expanded • Adj. Net Profit 269M (+184% (71% margin) 6 new
Slide 7: Exceeded All Financial Guidance Metrics
EXCEEDED ALL FINANCIAL GUIDANCE METRICS Revised FY 2025 Guidance FY 2024 FY 2025 Guidance FY 2025 (Aug’25) (Nov’25) Revenue Growth 358 MM 590 – 625 MM 625 – 650 MM 653 ✓ (YoY) 40% p.a. c.65% - 75% p.a. c.75% - 82% p.a. YoY growth 82% Gross Profit Margin (%) 66.5% 68.0% - 70.0% 68.0% - 70.0% 71.2
Slide 8: Momentum Across All Dimensions
MOMENTUM ACROSS ALL DIMENSIONS Strategic Roadmap FY 2025 Executed FY 2026 & Beyond Entering FY 2026 with: • Strong momentum ✓ Platform strengthening achieved Sustained profitable growth across all metrics Platform expansion across ✓ Partnerships deepened • Clear strategic Insurtech and Fintech optio
Slide 9: Market Dynamics
MARKET DYNAMICS
Slide 10: KSA Insurance Market Continues a Healthy Growth
KSA INSURANCE MARKET CONTINUES A HEALTHY GROWTH KSA Insurance Market Gross Written Premium (BN ) Insurance product Main growth drivers in 2025 (YoY growth) +14% 87 8 (9%) Life +4% p.a. Awareness, Access (bancassurance drive, digital) 76 8 14 Demand for improved protection, New lines, Regulatory (16
Slide 11: Rasan's Vision Aligned with the National Insurance Strategy
RASAN’S EXISTING VISION IS FULLY ALIGNED WITH THE NEW NATIONAL INSURANCE STRATEGY National Insurance Strategy INSURANCE BUSINESS LINES EXPANSION MARKET INFRASTRUCTURE & CAPACITY ENABLERS • Aim to double insurance penetration, to 3.6% of non-oil • Expand local reinsurance capacity and • Modernize and
Slide 12: Business Update
BUSINESS UPDATE
Slide 13: Delivered with Discipline Around the Strategic Priorities
DELIVERED WITH DISCIPLINE AROUND THE STRATEGIC PRIORITIES Protect Enhance Grow Innovate Diversify STRATEGY PILLARS | +68% in comprehensive | 17 Insurance companies | Launched 6 products: | Launched Hero solutions | Obtained initial approval motor GWP live in Health SME § Protection & Savings | Reinf
Slide 14: Increased Momentum Across the Business Lines
INCREASED MOMENTUM ACROSS THE BUSINESS LINES 82% cumulative revenue growth YoY +61% +126% +49% +288% YoY Rev. growth YoY Rev. Growth YoY Rev. Growth YoY Rev. Growth Motor Retail Motor Leasing Health Other Products Enhanced Continued Revamped full Improved Expanded New end-user Provide customer value
Slide 15: Continue Expanding Our Portfolio Towards a 360 View
CONTINUE EXPANDING OUR PORTFOLIO TOWARDS A 360 VIEW SME Retail Corporate Third Party Liability (TPL) Coming Soon Coming Soon Motor Comprehensive Domestic Helper - Health Lower classes Coming soon Health Health individual Higher classes – non-declarative Coming Soon Higher classes – declarative Domes
Slide 16: Upgraded the Customer Experience
Unified landing page UPGRADED THE CUSTOMER EXPERIENCE 16
Slide 17: Starting a New Journey in Financial Services
STARTING A NEW JOURNEY IN FINANCIAL SERVICES Launch Set-up Rasan will launch its first financial services Regulatory Approval products in KSA Launch an educational platform to Received initial approval from collect feedback and interest for SAMA after fulfilling regulatory future product development
Slide 18: Growing a Rockstar Team
+15% We grew out team efficiently (15% YoY Total FTEs 359 FTEs 414 FTEs growth) 319 FTEs 2023 2024 2025 GROWING A Saudization ROCKSTAR Maintained high level of Saudization in TEAM Saudization 93% regulated entities Talent 8 Focus on retaining and hiring talent with experience in Fintech & Insurtech
Slide 19: Financial Performance
FINANCIAL PERFORMANCE
Slide 20: FY 2025: Financial Highlights
FY 2025: FINANCIAL HIGHLIGHTS Revenue Volumes GWP 653 M +21% Motor +21% Treza ~8.5 B 82% Y-o-Y +94% +30% Y-o-Y Health Gross Margin Adj. Net Profit Operating Cashflow 71% 269 M 333 M +5pp. Y-o-Y +184% Y-o-Y +102% Y-o-Y ORGANIC GROWTH AND ENHANCING PROFITABILITY Note: GWP= Gross Written Premiums 2
Slide 21: FY 2025 Summary P&L: Record Performance Across the Board
FY 2025 SUMMARY P&L: RECORD PERFORMANCE ACROSS THE BOARD M FY 2024 FY 2025 YoY Var Revenue 358 653 82% Gross Profit 238 465 95% Gross Profit Margin 66.5% 71.2% 4.7p.p. Opex 139 213 53% Adj. EBITDA 114 293 158% Adj. EBITDA Margin 31.7% 44.9% 13.2p.p. Adj. EBITDA Margin 34.1% 43.6% 9.4p.p. (Excluding
Slide 22: Solid Growth and Consistent Product Diversification
SOLID GROWTH AND CONSISTENT PRODUCT DIVERSIFICATION Revenue MM ü Strong revenue growth across both quarterly and full-year +82% | Q4 revenue increased by 81% YoY, reaching 214mn +81% 653 | FY revenue grew by 82% YoY to 358 653mn 118 214 ü Growth supported by continued Q4 2024 Q4 2025 FY 2024 FY
Slide 23: Attractive Gross Profit as a Result of Scale and Efficient Cost Base
ATTRACTIVE GROSS PROFIT AS A RESULT OF SCALE AND AN EFFICIENT COST BASE Gross Profit and Margin ü Gross profit increased substantially MM, % across both quarterly and full-year periods 79 % 72% 66% 71% | Q4 gross profit grew by 64% YoY, +95% reaching 153mn, supported by continued scale and cost 4
Slide 24: Resilient and Growing Adj. EBITDA
RESILIENT AND GROWING ADJ. EBITDA Adj. EBITDA evolution and Margin MM, % 39% 49% 32% 45% ü Adjusted EBITDA delivered strong growth across both quarterly and full-year 45%1 34%1 44%1 +158% | FY Adjusted EBITDA increased by 158% YoY to 293mn, with +131% 293 margin expanding from 32% to 114 45% 106
Slide 25: High Conversion Rate from Adj. EBITDA to Adj. Net Profit
HIGH CONVERSION RATE FROM ADJ. EBITDA TO ADJ. NET PROFIT Adj. Net Profit and Margin1 MM, % ü Adj. Net Profit growth outpaced 34% 46% 26% 41% revenue growth, reflecting strong operating leverage, margin expansion indicates efficient +184% conversion of operating +146% 269 performance into bottom-li
Slide 26: Way Forward
WAY FORWARD
Slide 27: Focus for 2026: Strategy Pillars
FOCUS FOR 2026 STRATEGY PILLARS Expand Transform Grow Advantage Diversify | Reinforce the motor | Pioneer new standards in | Scale emerging retail | Position as core | Extend distribution proposition, continuing to SME insurance product lines including infrastructure partner for capabilities into ad
Slide 28: Guidance for FY2026
GUIDANCE FOR FY2026 FY 2025A FY 2026 Guidance Revenue and Revenue: 653MM 900 – 975MM Revenue Growth (YoY) Growth: +82% p.a. (38 – 49% YoY Growth) Gross Profit Margin Gross profit: 464.9MM Gross margin: 71.2% 70.0 – 72.0% (%) Adj. EBITDA Margin Adj. EBITDA: 293.0MM Adj. EBITDA margin: 44.9% 4
Slide 29: Thank You
Thank You ﺷﻜﺮاﹰ
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