Ras Technology Holdings Limited · ASX:RTH
Ras Technology — Shareholder Meeting (November 2023)
23 slides from Ras Technology's shareholder meeting presentation, Nov 14, 2023
Slide 1: November 2023 Investor and Annual General Meeting Presentation
November 2023 Investor and Annual General Meeting Presentation 1
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by RAS Technology Holdings Limited ACN 650 066 158 (Company or Racing and Sports) and has been authorised for issue by the Board of the Company. This presentation contains summary information about the Company and its subsidiaries (
Slide 3: Table of Contents
TABLE OF CONTENTS 01 FY23 Group Highlights & Trading Update 02 Business and Segment Overview 03 Operational Highlights 04 Financial Highlights 05 Strategy focus and outlook for FY24 06 Appendices – Financial reports 3
Slide 4: FY23 Group Highlights
FY23 GROUP HIGHLIGHTS $11.72 $262k $13.2 MILLION SURPLUS MILLION GROUP REVENUE EBITDA AMRR +41% vs FY22 + $2.43 million +48% vs FY22 vs FY22 $8.68 55 $64k MILLION CUSTOMERS INFLOW CASH TOTAL CASH FLOW CUSTOMERS FROM OPERATIONS Well positioned for growth via + 15% vs FY22 + $1.78 million organic and
Slide 5: FY24 Business Update - Year to Date to October
FY24 BUSINESS UPDATE - YEAR TO DATE TO 31 OCTOBER $5.05 $704k $185k MILLION SURPLUS SURPLUS GROUP REVENUE EBITDA EBIT +34% vs PCP + $419K vs PCP + $316k vs PCP $15.1 MILLION AMRR +50% vs PCP 5
Slide 6: Business Overview
BUSINESS OVERVIEW Vision Statement “To be the Global leader in data, analytics and technology for the wagering and racing industries” Enhanced Wagering Digital Information Services Technology & Media 5
Slide 7: Enhanced Information Services
ENHANCED INFORMATION SERVICES B2B WAGERING SOLUTIONS FOR OPERATORS, RETAIL, PRIVATE CUSTOMERS, AND RACING BODIES Core Products Unique Value Proposition • Racing information & content products covering all 3 • Largest Racing Database: Over 20 years of meticulously curated racing codes (Thoroughbred,
Slide 8: Customer Example
CUSTOMER EXAMPLE Market Best in class leading Editorial analytics Racing and Sports is the leading provider of racing information, which enhances customer experience and drives increased turnover for wagering operators. 7
Slide 9: Wagering Technology
WAGERING TECHNOLOGY END-TO-END SOLUTIONS FOR WAGERING OPERATORS Core Products Unique Value Proposition • Industry leading and fully integrated: trading technologies • Trading technologies designed and built with the inclusion of over and managed trading services platform and stack. 20 years industry
Slide 10: Case Study
CASE STUDY PICKLEBET WAS FOUNDED IN 2020: INITIALLY FOCUSED ON SPORTS AND E-SPORTS WHICH SUCCESSFULLY APPEALED TO A YOUNGER DEMOGRAPHIC 2022 Partnership with Value-Added Racing and Sports Services • Diversification: • Customer Profiling: Tailoring Expanded to include a racing offerings to individual
Slide 11: Digital and Media
DIGITAL AND MEDIA WAGERING-FOCUSED MEDIA, DIGITAL, AND PUBLISHING SERVICES Core Products Unique Value Proposition • Trusted industry web and mobile app (soon) platforms. • 3+ Million Unique Users Annually and over 60-million • Digital Advertising: Captivating online audiences. page views. • Virtual
Slide 12: FY23 Operational Highlights
FY23 OPERATIONAL HIGHLIGHTS Signed 6-year deal with Two-year deal with Expanded the existing RAS is now providing Tabcorp to supply market- Picklebet to provide 5-year deal with Entain, now the National Form Database leading content and Risk Managed Trading valued at $5 million, to for the Greyhound
Slide 13: FY23 Financial Performance
FY23 FINANCIAL PERFORMANCE KEY PERFORMANCE METRICS Sustained organic customer growth • FY23 total customers: 55 (+7 vs FY22). Revenue ($m) EBITDA ($m) • FY23 enterprise customers: 22 (+3 vs FY22). $14.0m $.5m $0.3m $11.7m • Fifth consecutive year of growth in $12.0m +41% - customers. $10.0m $8.3m FY
Slide 14: FY23 Revenue Trends
FY23 REVENUE TRENDS ENHANCED RECURRING REVENUE BASE, GROWING CONTRIBUTION FROM DOMESTIC CUSTOMERS Enhanced Information Services Wagering Technology Digital & Media $1.0m $10.0m $9.1m $4.0m $3.6m $0.8m +48% +65% $.8m +33% $8.0m $3.0m $0.6m $6.2m $.6m $0.4m $2.2m $6.0m - $2.0m $.4m $4.0m $1.0m $.2m $0
Slide 15: Return Towards Profitability
RETURN TOWARDS PROFITABILITY PURSUIT OF ENHANCED SCALE TEMPORARILY IMPACTED PROFITABILTY • Increased operating leverage, reflecting revenue Operating Cashflows FY2022-2023 growth and scale enhancements on stable 1,500,000 15,000,000 fixed cost base AMRR- Right hand side index • Incremental future re
Slide 16: FY24 Strategic Focus and Outlook
FY24 STRATEGIC FOCUS AND OUTLOOK ENHANCED WAGERING DIGITAL INFORMATION SERVICES TECHNOLOGY & MEDIA • Work closely and collaboratively with rights holders • Comprehensive Wagering Offering able to provide high- • Maximise revenue generated from digital assets. and racing bodies globally. quality, com
Slide 17: Appendix
— KIKI EXPI > @ @ @ @ i @ LEXUS ) LEXUS « LEXUS | LEXUS > LEX! SS BIR SINE a Hey 6 | Fo
Slide 18: Profit and Loss Statement
PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Revenue Revenue from contracts with customers 11,720 8,328 • Overall net loss before tax of $1.1m. Other income 1,573 663 • Strong revenue growth of 41%, underpinned by Data and Wagering Expenses Technol
Slide 19: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Assets Current assets Cash and cash equivalents 8,683 10,767 Trade and other receivables Contract assets 2,199 403 1,469 54 • Cash balance of $8.7m, cash burn has Other assets 232 121 stabilised pa
Slide 20: Cash Flow Statement
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 Jun 2023 $’000 Jun 2022 $’000 COMMENTS Cash flows from operating activities Receipts from customers (inclusive of GST) 11,731 8,336 Payments to suppliers (inclusive of GST) (12,771) (8,268) • Operating activities, in the post IPO-era Receipts from
Slide 21: Board of Directors
BOARD OF DIRECTORS KATE CARNELL GARY CRISPE GREG NICHOLS JAMES PALMER SOPHIE KARZIS Non-Executive Executive Director and Non-Executive Non-Executive Non-Executive Chair Chief Commercial Director Director Director Director Kate Carnell is an experienced company Gary Crispe is a co-founder of Racing a
Slide 22: Executive Team
EXECUTIVE TEAM GARY CRISPE STEPHEN CRISPE TIM OLIVE ROBERT VILKAITIS BRENT DOLAN Executive Director and Chief Executive Chief Financial Chief Technology Managing Chief Commercial Director Officer Officer Officer Director, UK Gary Crispe is a co-founder of Racing and Stephen is an experienced c-level
Slide 23: Thank You
THANK YOU INVESTOR@RACINGANDSPORTS.COM.AU WWW.RACINGANDSPORTS.COM.AU
RAS Technology Holdings — Shareholder Meeting (November 2023) on 6ix