Openn Negotiation Limited · ASX:OPN
Openn Negotiation — Investor Presentation (April 2022)
16 slides from Openn Negotiation's investor presentation, Apr 7, 2022
Slide 1: North America Presentation, April 2022
7 April 2022
Slide 2: Important information and disclaimers
Important information and disclaimers Openn Negotiation Ltd (ACN 612 329 754) (“Openn” or “the Company”). Purpose of Document This Accuracy of Information document has been prepared by Openn Negotiation Ltd (ACN 612 329 754) (‘Openn’) for the sole purpose of Openn does not give any warranty, represe
Slide 3: Openn offers innovative sales processes for real estate transactions
Openn offers innovative sales processes for real estate transactions, combining the ease of private treaty, the transparency of auction and cutting-edge technology to ensure the best possible sales outcome for sellers and buyers, Sub-optimal pricing outcomes facilitated by the Agent. Maximises compe
Slide 4: Expanding into the USA and Canada: 6.4 million property sales p.a.
Openn is expanding into the USA and Canada, starting with targeted pilot programs in Canada, Connecticut, Massachusetts, Illinois and North Carolina 550,000 Confirmed go-to-market strategy. property sales p.a 4 Channel partners optimize revenue model, market penetration and business scalability. Cle
Slide 5: MLS landscape and residential sales in North America
Geographic Salary Variables • A multiple listing service (MLS) is a • In North America, there are typically database established by cooperating real multiple buyer’s agents acting for buyers estate brokers to exchange listings data in a transaction, in addition to the seller’s $80,399 $73,694 $75,07
Slide 6: Response to Department of Justice and bipartisan political pressure
• Response to Department of Justice and bipartisan political pressure to end opaque industry practices • Millennials demanding the transparency that exists in other markets • Human bias in real estate transactions is a major issue. Opaque process driving concerns that not all offers are presented •
Slide 7: Openn to Pilot in Canada in collaboration with CREA
• Openn to Pilot in Canada in collaboration with the Canadian Real Estate Association (‘CREA’) and Realtor.ca • CREA is a national association for real estate agents in Canada with over 150,000 agent and provincial/territorial association members • REALTOR.ca, Canada’s leading real estate marketing
Slide 8: Openn to Pilot in North Carolina with Triangle MLS
• Openn to Pilot in North Carolina in collaboration Triangle MLS • Triangle is an association for real estate agents in North Carolina with over 16,000 agent and association members • The Pilot, which includes integration with the Triangle Agent portal, is designed to showcase seamless multiple offe
Slide 9: One Association, One MLS
One Association, One MLS Over 166,000 Agents Total options 15,000,000 * AU$5,250,000 * See Appendix 1
Slide 10: SaaS pricing model for real estate agents
Average real estate agent spends • SAAS model is dominant. Proven pricing strategy for large scale adoption • Comparative solutions pricing range on PropTech solutions US$30 to US$100 per month per agent • Pathway to monetise data is understood. Strategy designed for scale adoption to unlock this
Slide 11: North American Go To Market Strategy
NORTH AMERICAN GO TO MARKET STRATEGY 12] open” SCALEOF THEMARKET NUMBER OF REAL ESTATE AGENTS 2,000,000 1,800,000 Other CA Initial discussions . ‘a a 1,400,000 1,200,000 1,000,000 Git 800,000 - 600,000 ————Ee 400,000 Initial discussions arn with these MLS. Australia USA Canada ul
Slide 12: CREA CEO Michael Bourque quote
“Multiple offer scenarios have become increasingly commonplace in today’s real estate environment. Canadian property buyers and sellers seek greater confidence in the process, while Canadian REALTORS® seek tools to enable and more easily manage these situations. We’re very excited about the potentia
Slide 13: Triangle MLS President Matt Fowler quote
“Triangle MLS helped more than 47,000 buyers find a home last year. Every transaction involved a TMLS member delivering at least one offer to a seller. Managing those offers, especially when many come in at once, involves myriad details and can be difficult to sort out. Openn promises to bring a dur
Slide 14: Thank you
THANK YOU FORMOREINFORMATION: Peter Gibbons Managing Director T: 1800 667 366 4
Slide 15: Lid
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Slide 16: Subscription Options issued to CREA and Triangle MLS
Openn has agreed to issue CREA 4,000,000 Subscription Options and Triangle MLS 1,000,000 Subscription Options. Each Subscription Option entitles the holder to subscribe for one fully paid ordinary share in Openn. Exercise Price The amount payable on exercise of a Subscription Option is: a) AU$0.35 i
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