Quickfee Ltd. · ASX:QFE
Quickfee — Shareholder Meeting (November 2024)
28 slides from Quickfee's shareholder meeting presentation, Nov 20, 2024
Slide 1: QuickFee Limited 2024 Annual General Meeting address and presentation
ASX Release | 20 November 2024 QuickFee Limited 2024 Annual General Meeting address and presentation QuickFee Limited (ASX:QFE) (“QuickFee”) attaches the following documents to be presented at its 2024 Annual General Meeting (“AGM”) today: • Chair’s address; • Management presentation slides and conf
Slide 2: QuickFee Limited 2024 Annual General Meeting
QuickFee Limited 2024 Annual General Meeting 20 November 2024
Slide 3: Agenda
AGENDA Chair’s address Management presentation Fiscal Year 2024 review Fiscal Year 2025 outlook Meeting formalities
Slide 4: Chair's Address
CHAIR’S ADDRESS
Slide 5: Your Board & senior leadership team
Your Board & senior leadership team Dale Smorgon Michael McConnell Bruce Coombes Non-Executive Non-Executive Executive Director and Chairman Director Managing Director, Australia Jennifer Warawa Simon Yeandle President, Chief Financial Officer and North America Company Secretary 20 November, 2024
Slide 6: Chair's Address
Chair’s Address Dear shareholders, On behalf of the Board, I am pleased to These strong results reflect both We continue to build a highly scalable We entered FY25 with increased lending I would also like to thank the entire welcome you today as the Chair of increased total transaction volumes (TTV)
Slide 7: QuickFee helps professional services firms accelerate and automate accounts receivable
QuickFee helps professional services firms accelerate and automate accounts receivable and grow their business. www.quickfee.com 20 November, 2024 5
Slide 8: FY24 Results Overview
FY24 Results Overview Strong revenue growth and improved profitability + Record results across all key metrics Financial Performance A$’M FY24 FY23 %+/- + Group revenue up 37% on pcp to A$20.3m driven by: AU Finance (Pay Over Time) revenue 7.9 5.2 +52% + Increased Total Transaction Volumes (TTV) and
Slide 9: Progress and key achievements in FY24
Progress and key achievements in FY24 Signed 103 new customers in the US and increased the average firm size of new customers Growing transaction volumes through QuickFee Connect Improved and optimised the sales and customer success teams New strategic partnerships with Allinial Global, IRIS Softwar
Slide 10: Management Presentation
MANAGEMENT PRESENTATION
Slide 11: FY24 Highlights – Financials
FY24 Highlights – Financials A$’M FY24 FY23 $+/- %+/- + Total revenue up 37% to A$20.3 million Interest revenue** 11.2 7.3 +3.9 +53% Revenue from contracts with customers 9.1 7.5 +1.6 +21% + Gross profit up 34% to A$12.6 million Total revenue 20.3 14.8 +5.5 +37% + A$0.2 million decrease in operating
Slide 12: Profitable segment operations in the US
Profitable segment operations in the US US Financial Performance + Strong revenue growth, up 29%: 54% growth in Finance revenue to A$’M FY24 FY23 %+/- A$4.0 million and 22% growth in Pay Now revenue to A$7.2 million Pay Over Time (Finance) revenue 4.0 2.6 +54% + Gross profit up 21%: Margin % impacte
Slide 13: Profitable segment operations in AU
Profitable segment operations in AU AU Financial Performance + Strong revenue growth: AU revenue up 49% to $9.1 million, driven by A$’M FY24 FY23 %+/- a 52% increase in Finance revenue to $7.9 million Pay Over Time (Finance) revenue 7.9 5.2 +52% + EBITDA growth: The AU business transitioned to susta
Slide 14: Outlook
OUTLOOK
Slide 15: FY25 Outlook
FY25 Outlook Our focus remains unchanged: reaching sustained profitability + Focus on fastest path to profit: QuickFee Finance and QuickFee Connect + Continue to manage cost base carefully + Continued investment in Connect integrations + Launch of Connect subscription model + Build and execute strat
Slide 16: Why QuickFee, why now
Why QuickFee, why now Top tier management team in $84B in Serviceable Addressable Winning, differentiated value proposition: place with owner mentality Accountant Market in the US Alone Finance, Connect, Pricing Proven track record of delivering Ability to substantially increase revenue Growing cust
Slide 17: Meeting Formalities: Resolutions
MEETING FORMALITIES: RESOLUTIONS
Slide 18: Resolution 1 Adoption of remuneration report
Resolution 1 Adoption of remuneration report “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the remuneration report as contained in the Company’s annual financial report for the financial year ended 30 June 2024.”
Slide 19: Resolution 2 Re-election of director – Bruce Coombes
Resolution 2 Re-election of director – Bruce Coombes “That for the purpose of 14.2 of the Company’s Constitution, ASX Listing Rule 14.4 and all other purposes, Bruce Coombes, a Director, retires by rotation, and being eligible for election, is re- elected as a Director of the Company.” Proxy results
Slide 20: Resolution 3 Ratification of Placement
Resolution 3 Ratification of Placement “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 42,500,000 fully paid ordinary shares (Placement Shares) under ASX Listing Rule 7.1 and ASX Listing Rule 7.1A by the Company at $0.08 per share on 9 May
Slide 21: Resolution 4 Approval of Director participation in the Placement
Resolution 4 Approval of Director participation in the Placement “That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, approval is given for the issue of up to 4,375,000 fully paid ordinary shares by the Company at $0.08 per share (Director Placement Shares) to Dale Smorgon (
Slide 22: Resolution 5 Ratification of issue of ordinary shares to Win Finance No. 506 Pty Ltd
Resolution 5 Ratification of issue of ordinary shares to Win Finance No. 506 Pty Ltd “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, approval is given for the Company to ratify the issue of 5,671,351 ordinary shares (Wingate Shares) by the Company at $nil per share on 21
Slide 23: Resolution 6 Approval to issue Performance Rights to Bruce Coombes
Resolution 6 Approval to issue Performance Rights to Bruce Coombes “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval is given for the issue of up to 700,000 Performance Rights to Bruce Coombes under the QuickFee Performance Rights and Option Plan (PROP) on the te
Slide 24: Resolution 7 Approval of Performance Rights and Option Plan (PROP)
Resolution 7 Approval of Performance Rights and Option Plan (PROP) That the Company’s Performance Rights and Option Plan (PROP) be approved by the Company for all purposes and that approval be given in accordance with ASX Listing Rule 7.2 Exception 13(b) for the issue of a maximum of 30,000,000 secu
Slide 25: Resolution 8 Approval of additional share issue capacity under ASX Listing Rule 7.1A
Resolution 8 Approval of additional share issue capacity under ASX Listing Rule 7.1A “That, pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, the Shareholders of the Company approve the issue up to that number of Equity Securities equal to 10% of the issued capital
Slide 26: Disclaimer
Disclaimer The material contained in this document has been prepared by QuickFee does not undertake any obligation to publicly release the QuickFee Limited ACN 624 448 693 (‘company’) and contains result of any revisions to these forward-looking statements to general information about the company’s
Slide 27: Glossary
Glossary ACH Automated Clearing House A type of electronic bank-to-bank payment in the US, equivalent to EFT in Australia Active customer Any customer who has transacted with QuickFee in the relevant period Active firm Any firm that has had a transaction with QuickFee in the relevant period APR Annu
Slide 28: Contact Details
CONTACT DETAILS Simon Yeandle, CFO & Company Secretary p: +61 2 8090 7700 e: simon.yeandle@quickfee.com Katie Mackenzie, Investor Relations p: +61 455 502 197 e: kmackenzie@belleviewir.com.au