Slide 1: Freelancer Limited Annual General Meeting
For personal use only Freelancer Limited Annual General Meeting 16 May 2014 Matt Barrie Executive Chairman
Slide 2: Ready to launch?
2 For personal use only Ready to launch?
Slide 3: Board of Directors
Board of Directors For personal use only ● Matt Barrie, Executive Chairman ● Darren Williams, Executive Director ● Simon Clausen, Non-Executive Director ● Neil Katz, Chief Financial Officer & Company Secretary 3
Slide 4: Agenda
Agenda For personal use only ● Executive Chairman’s Address ● Formal Business ● Q&A ● Close of Business 4
Slide 5: Executive Chairman's Address
For personal use only EXECUTIVE CHAIRMAN’S ADDRESS 5
Slide 6: Marketplace growth
Marketplace growth Exponential growth in registered users, projects and contests posted For personal use only Total registered users1 5,000,000 Total projects & contests posted1 9,000,000 (excludes Warrior Forum & Fantero) 8,000,000 4,000,000 7,000,000 As at 13 May 2014 As at 13 May 2014 6,000,000 1
Slide 7: Freelancer's Online Economy
Freelancer’s Online Economy For personal use only Note: The pink lines indicate where projects are being posted by employers, and the blue lines indicate where the projects are being performed by freelancers. Thicker lines indicate a higher 7 dollar volume of work. White dots indicate the location o
Slide 8: FY13 highlights
FY13 highlights Freelancer experienced tremendous growth in FY13 For personal use only A$m, 31 Dec FYE FY12 FY13 Growth Y/Y Net Revenue $10.6m $18.8m 77% Gross Payment Volume1 $50.8m $84.4m 66% Take rate2 (%) 20.9% 22.2% 6% Gross margin (%) 87.4% 87.6% 0.3% Operating EBITDA3 $0.8m $1.2m 53% Operatin
Slide 9: Stellar revenue growth
Stellar revenue growth Net revenue accelerated +77% in FY13, gross margin ahead of prospectus forecast For personal use only Net Revenue (A$m) and Gross Margin (%)1 20 18.8 18 100.0% ● Year on year monotonic acceleration in revenue 87.4% 87.6% growth FY10-13 86.7% 16 82.6% 80.0% ● Year on year monot
Slide 10: Gross payment volume
Gross payment volume Gross Payment Volume1 (GPV) growth of +66% and improved take rate2 in FY13 For personal use only Gross Payment Volume1 (A$m) and Take Rate2 (%) 90 84.4 ● Year on year monotonic acceleration in GPV 25.0% 80 22.2% 20.9% growth FY10-13 ● Year on year monotonic improvement in take r
Slide 11: Group financial highlights
Group financial highlights Focus on re-investment in product development, user experience, user/project acquisition and customer service For personal use only (A$m) FY10 FY11 FY12 FY13 31 Dec y/e Actual1 Actual1 Actual Actual Net Revenue 4.7 6.5 10.6 18.8 ● Strong track record of revenue growth grow
Slide 12: FY14 update
FY14 update “Every job, every country, every language, every currency, at any time” For personal use only ● Operational updates for the start of FY14 – Commissioned engineering lab in Vancouver and regional office in London – Significantly expanded campus office in Manila – Acquired leading marketpl
Slide 13: For personal use only
13 For personal use only
Slide 14: Key transaction highlights
Key transaction highlights In April 2014, Freelancer acquired Warrior Forum, the world’s largest Internet marketing marketplace & community (since 1997) For personal use only Transaction Details • Freelancer acquired the website, related domain names and associated intellectual property assets of Wa
Slide 15: Overview of Warrior Forum
Overview of Warrior Forum The World’s Largest Internet Marketing Marketplace & Community For personal use only ● Founded in 1997 by Clifton Allen Says, Jr. ● Warrior Special Offers (WSOs): the largest online marketing marketplace globally, including marketplaces for buying and selling products & ser
Slide 16: User demographics
16 For personal use only User demographics
Slide 17: Freelancer Android Messenger App
Freelancer Android Messenger App Stay in touch with your projects while you’re on the go For personal use only 17
Slide 18: FY14 outlook
FY14 outlook “Every job, every country, every language, every currency, at any time” For personal use only ● Operational and product development outlook for FY14 – Execution is key “160 million jobs, or about 11% of the – Continued focus on platform scalability projected 1.46 – Product & user experi
Slide 19: Business of the Meeting
For personal use only BUSINESS OF THE MEETING 19
Slide 20: Item 1: Financial Statements and Reports
Item 1: Financial Statements and Reports For personal use only ● To receive and consider the Annual Financial Report of Freelancer Limited and the Directors’ Report, Remuneration Report and Independent Auditor’s Report for the year ended 31 December 2013. 20
Slide 21: Item 2: Adoption of Remuneration Report
Item 2: Adoption of Remuneration Report For personal use only ● To adopt the Remuneration Report for the year ended 31 December 2013. 21
Slide 22: Item 3: Re-election of Director
Item 3: Re-election of Director For personal use only ● Mr Darren Williams retires by rotation in accordance with rule 6.7 of the Company’s Constitution and, being eligible, offers himself for re-election. 22
Slide 23: Questions
Questions For personal use only ● Any final questions? 23
Slide 24: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Freelancer Limited (ACN 141 959 042) (Freelancer or the Company). The information contained in this presentation is current at the date of this presentation. The information is a summary overview of the current activities of the