Slide 1: Notification to the ASX
APS | Quicker Notification to the ASX 18 August 2004 Reckon Limited (RKN) Results for announcement to the market Please see the attached Highlights, Appendix 4D, half year financial report, and analysts presentation for the period ending 30 June 2004. The information should be read in conjunction wi
Slide 2: Highlights — Half Year Ending 30 June 2004
Reckon Limited Highlights — Half Year Ending 30 June 2004 Reckon is pleased to announce details of the company’s results to June 30" this year. 2004 2003 % Growth (000) (000) Revenue $18,753 $12,696 Up 47.7% EBITDA $4,420 $2,578 Up 72% NPAT $3,657 $2,567 Up 42.5% Key drivers for growth this year hav
Slide 3: Growth in APS Seats
Growth in APS Seats* 2000 2001 2002 2003 2004 Growth in APS Seats* YTD Jan-04 Feb-04 Mar-04 Apr-04 May04 Jun-04 *Seats = Individual users
Slide 4: Appendix 4D Half year report
Appendix 4D Half year report . Appendix 4D Half year report 1. Company details Name of entity RECKON LIMITED ABN or equivalent company Half year ended (‘current period’) Half year ended (‘previous period’) reference [14 003 348 730 | [ 30 JUNE 2004 |_| 30 JUNE 2003 2. Results for announcement to the
Slide 5: Appendix 4D Half year report
Appendix 4D Half year report 4.1 Control gained over entities Name of entity (or group of ADVANCED PROFESSIONAL SOLUTIONS entities) GROUP (“APS”) comprising three companies Date control gained 29 January 2004 Contribution of such entities to the reporting entity’s profi’ | $915,813 (loss) from ordin
Slide 6: Appendix 4D Half year report
Appendix 4D Half year report 6 Dividend Reinvestment Plans ‘The *dividend or distribution plans shown below are in operation. N/A The last date(s) for receipt of election notices for the * dividend or distribution plans 7 Details of associates and joint venture entities Name of associate/joint ventu
Slide 7: Appendix 4D Half year report
Appendix 4D Half year report 8 Foreign entities For foreign entities, details of origin of accounting standards used in compiling the report (e.g. International etc.} N/A 9. [fthe accounts are subject to audit dispute or qualification, details are described below NIL Sign here: Date: ..18 August 200
Slide 8: Directors' Report
Directors’ Report Your directors present their report on the consolidated entity consisting of Reckon Limited and the entities it controlled at the end of, or during, the half-year ended 30 June 2004 Directors The following persons were directors of Reckon Limited during the whole of the half year a
Slide 9: Consolidated Statement Of Financial Performance
Consolidated Statement Of Financial Performance For the half-year ended 30 June 2004 Revenue from ordinary activities Product and selling costs Royatties Employee benefits expense Employee related expense Marketing expense Premises and establishment expenses Amortisation of goodwill Depreciation and
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position Current Assets Cash assets Receivables Inventories Other Total Current Assets Non-Current Assets Receivables Other financial assets As at 30 June 2004 Property, plant and equipment Tax assets Intangible assets Other Total Non-Current Assets Total Assets C
Slide 11: Consolidated Statement Of Cash Flows
Consolidated Statement Of Cash Flows For the half-year ended 30 June 2004 caesccenee Half-year ---------- 30 June 30 June 2004 2003 $000 $060 Cash Flows From Operating Activities Receipts from customers 17,718 12,426 Payments to suppliers and employees (14,363) (9,726) Interest received 301 287 Net
Slide 12: Notes To The Consolidated Financial Statements
Notes To The Consolidated Financial Statements For the half-year ended 30 June 2004 Note 1. Basis of preparation of half-year financial report This general purpose financial report for the interim half-year reporting period ended 30 June 2004 has been prepared in accordance with Accounting Standard
Slide 13: Goodwill on acquisition of the APS group
Goodwill on acauisition of the APS group The excess of the fair value of the costs of acquisition over the fair value of the identifiable net assets acquired, is brought to account as goodwill and amortised on a straightine basis over 10 years, being the period during which the benefits are expected
Slide 14: Note 5. Return of capital
Note 5. Return of capital On 3rd March 2004, the Board resolved to put to the shareholders a special resolution approving the payment of a retum of capital of $0.03 (three cents} per share, with all shares treated equally. The special resolution was put to shareholders and subsequently approved at t
Slide 15: Segment information
Inter-segment Quicken APS Other — Eliminations/ Products Products Unallocated Consolidated Half-year 2003 #039;000 $000 $000 $000 #039;000 Total segment revenue 12,416 - 280 - 12,696 Other items - Revenue from ordinary activities 12,896 Segment result 2,568 - - 2,568 Unallocated revenue less unallocated e
Slide 16: Directors' Declaration
Directors' Declaration The directors declare that the financial statements and notes set out on pages 2 to 8: {a} comply with Accounting Standards, the Corporations Regulations 2007 and other mandatory professional reporting requirements; and {b} give a true and fair view of the consolidated entity'
Slide 17: Independent Review Report Reckon Limited
INDEPENDENT REVIEW REPORT Reckon Limited HORWATH SYDNEY PARTNERSHIP Chartered Accountants A member of Horwath International { Market Street Sydney NSW 2000 Independent review report tc members of Reekon Limited Scope The financial report and directors’ responsibility The financial report comprises t
Slide 18: Reckon Ltd Quicken Result Presentation
Reckon Ltd Quicken Result Presentation 6 Months to 30 June 2004 Greg Wilkinson — CEO Clive Rabie - CFO
Slide 19: On the Agenda
On the Agenda Clive Rabie - CFO - 6 Month - June 2004 Financial Results Greg Wilkinson - CEO — Product Development - Customer Acquisition - Marketing Campaign — APS Update www. quicken.com.au
Slide 20: Financial Highlights Quicken
Financial Highlights Quicken Six Months to June 2004 Revenue $12,696,000 $18,753,000 Net Profit $2,567,000 $3,657,000 Operating Cash Flow $2,987,000 $3,656,000 Cash in Bank $13,733,000 $14,760,000 Return of Capital 1 cent per Share | 3 cents per Share Accounts for 5 months of APS contribution www. q
Slide 21: Financial Highlights - EBITDA
Financial Highlights Six months to June 2004 To June To June 2003 2004 EBITDA $2.57million $4.42million Accounts for 5 months of APS contribution EBITDA
Slide 22: Financial Highlights - Revenue
Financial Highlights Six Months to June 2004 To June To June 2003 2004 Revenue $12.7million $18,8million Accounts for 5 months of APS contribution Quicken. Revenue
Slide 23: Revenue Breakdown
Quicken. Revenue Breakdown Recurring Revenue @ New Product @ Other / Services
Slide 24: Greg Wilkinson — CEO
Greg Wilkinson —- CEO - Product Development - Customer Acquisition - Marketing Campaign — APS Update www. quicken.com.au
Slide 25: Product Development
Product Development e 2004 Released * QuickBooks 2004 with 7 Flavours «Quicken Payroll Premier «Quicken Customer Manager ¢ APS Foundation e 2004 To Come «Quicken Personal Plus 2005 «Quicken Share Analyser 3.0
Slide 26: Advertising campaign
e« Advertising campaign ¢ National and Regional Road Shows
Slide 27: TV Commercials
TV Commercials ¢] x 30 Second «2x 15Second °3 x 10 second National (Metro and Regional Markets)
Slide 28: Outdoor: Bus/Taxi Backs
Quicken. Outdoor: Bus/Taxi Backs eu ie nn) Adelaide, Brisbane, Sydney, Melbourne, Perth, Canberra, Hobart
Slide 29: Outdoor: Supersites
Quicken. Outdoor: Supersites Syaney, Melbourne, Perth www. quicken.com.au
Slide 30: Outdoor: Sheet Posters
Quicken. Outdoor: 24 Sheet Posters Brisbane
Slide 31: Outdoor: Airports
Quicken. Outdoor: Airports {indoor & auidoor) Adelaide, Brisbane. Sydney, Melbourne,Perth
Slide 32: Because there are other books that need doing
Quicken. Because there are other books that need doing bi.
Slide 33: Campaign Impact
Campaign Impact Quicken. Entry level product retail sell through comparison Source: Inform www. quicken.com.au
Slide 34: National Capitals Road Show
National Capitals Road Show [(eg@gge 1200 Attendees. ae i oy Brisbane . : Adelaide
Slide 35: Regional Road Show
Regional Road Show ($eégag a MMM TE a
Slide 36: www.quicken.com.au
www. quicken.com.au
Slide 37: Growth in APS Seats
PS Quicken. Growth in APS Seats* 2000 2001 2002 2003 2004 * Seats = Individual Users www. quicken.com.au
Slide 38: Growth in APS Seats YTD
Growth in APS Seats* YTD 22,500 22,0001 21,500} 21,000 20,500 20,000 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 * Seats = Individual Users www. quicken.com.au