Slide 1: Fitell Corporation FY2023 Earnings Call Presentation
FITELL CORPORATION Nasdaq: FTEL FY2023 Earnings Call Presentation October 31, 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely for, and is being delivered on a confidential basis to, a limited number of parties for discussion purposes only. Any reproduction or distribution of this presentation, in whole or in part, or the disclosure of its contents, without the prior con
Slide 3: Management on Call
Management on Call Yinying “Sam” Lu Jamarson Kong Chief Executive Officer Chief Financial Officer
Slide 4: Agenda
Agenda ● CEO/CFO Perspective ● FY2023 Financials Overview ● Questions & Answers
Slide 5: CEO/CFO Perspectives
CEO/CFO Perspectives @pD GYMDIRECT
Slide 6: Company Overview
Company Overview • Fitell Corporation (“FTEL”) is an online retailer of quality gym and fitness equipment that provides other complementary fitness related services. • The Company’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology. • In addition to
Slide 7: Fitness Equipment
Fitness Equipment ▪ Extensive range of strength and exercise equipment from premium proprietary and non-proprietary brands. ▪ Full spectrum of product coverage is exemplified by the following three proprietary brand names, which represent over 84% of revenues in the fiscal year ended June 30, 2023:
Slide 8: Smart Connected Equipment
Smart Connected Equipment ▪ Interactive exercise bikes, treadmills, and workout mirrors with built-in touchscreens and training content platforms. ▪ Initiated in May 2021 and currently in development. ▪ Expect commercial launch in March 2024.
Slide 9: Boutique Fitness Clubs Licensing
Boutique Fitness Clubs Licensing mYSTEPS Training Clinic: ▪ Fitell has launched its licensing business with mYSTEPS Training Clinic in late 2021. ▪ Assisted mYSTEPS in opening 6 fitness centers in Eastern China as of April 25, 2022. Fitell offers a turnkey solution for personal training studios and
Slide 10: AI-powered Interactive Platform – 1FinalRound
AI-powered Interactive Platform – 1FinalRound ▪ Proprietary online training content and capability to interact with personal trainers, follow members, and track workout progress. ▪ Pre-installed with our interactive fitness equipment. ▪ Customized solutions/one-on-one remote coaching: o Users pay a
Slide 11: Growth Strategy
Growth Strategy The Company has the following pathways toward growth in the next two to three years. Increase Fitness Equipment Product Marketing Expansion of Licensing Business ▪ Expand strategic investment on marketing campaigns in ▪ Expand licensing partnership footprint in the Asia- Key Opinion
Slide 12: FY 2023 Financials Overview
FY 2023 Financials Overview @D GYMDIRECT
Slide 13: Summary Financials
Summary Financials Income Statement (1) FY2023 (2) FY2022 (2) Change % Total Revenue $ 4,799,222 $ 8,155,734 (41.2%) Gross Profit $2,173,401 $3,635,656 (40.2%) Net Income ($1,593,394) $12,602 (10077.7)% Gross Profit Margins 45.3% 44.6% Net Income Margins (33.2%) 0.2% (1) All numbers in the Income St
Slide 14: Segment Growth
Segment Growth Revenue from Licensing Customer $0.5M 84.1% Sales of Consumable Products $0.2M 4.7% Merchandise Revenues $4.0M 84.1%
Slide 15: Customers and Orders
Customers and Orders ▪ Fitell’s growth in both number of customers and orders from FY2022 to FY2023 was affected by inflation and raising of interest rate in Australia. o Received 15,183 orders and acquired 23,321 customers in FY2023, an decrease of 42.6% Commercial Customers and 41.1%, respectively
Slide 16: Subsequent Events
Subsequent Events Fitell has successfully listed on Nasdaq and has raised a net proceed of approximately August 8, 2023 $13.6 million for the issuance of 3,000,000 shares of common stock. Subsequent to June 30, 2023, the Company has June 30, 2023 entered into a consulting agreement with a third part
Slide 17: Q&A
Q&A ● To ask a question you may press * then 1 on your touch-tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question please press * then 2. ● For those on the webcast, You may submit questions by typing in the Submit a Question box
Slide 18: Fitell Corporation FY2023 Earnings Call Presentation
FITELL CORPORATION Nasdaq: FTEL FY2023 Earnings Call Presentation October 31, 2023