nal use only
ReadCloud Limited
Company Presentation
13 July 2022
onlyREADCLOUD IS A MARKET LEADER IN DIGITAL CONTENT DELIVERY TO SCHOOLS IN AUSTRALIA
We deliver the school curriculum and VET-in-
Schools content and assessments digitally
use | ReadCloud is a highly scalable SaaS |
platform and is integrated from | |
publisher to student | |
Our product provides sophisticated | |
nal | collaborative learning tools and is well placed |
for both in-school and remote learning settings | |
2 | |
KING'S INTERHIGH AGREEMENT
First overseas eBooks
Solutions deal
only | Four-year agreement to |
become the exclusive provider | |
of eBooks to the parents of | |
around 4,000 students | |
Provides an additional | |
usenal | revenue channel |
King's InterHigh is part of the | |
Inspired Group, which provides | |
education to over 55,000 | |
students worldwide |
READCLOUD LIMITED | 3 |
READCLOUD ADDRESSES A LARGE AND GROWING MARKET
2,816 secondary schools with
1.76 million students
lyno | Secondary education market |
is consistently growing | |
ReadCloud also operates in the | |
VET-in-schools market, which is provided | |
use | to year 11 and 12 students |
ReadCloud has a strong foundation | |
in the market to leverage | |
nal | Sector well supported by State |
and Federal Governments | |
TOTAL AUSTRALIAN SECONDARY STUDENTS*
1,800,000
1,750,000
1,700,000
1,650,000
1,600,000
1,550,000
1,500,000
1,450,000
1,400,000
1,350,000
1,300,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
* Source: Australian Curriculum, Assessment & Reporting Authority | 4 |
READCLOUD LIMITED |
READCLOUD'S MARKET OPPORTUNITY
1.7 million students in | 241,000 | |
students in | ||
2,816 secondary | ||
VET-in-school | ||
schools in Australia2 | ||
courses1 | ||
only | ADDRESSED BY | |
ReadCloud eBook | ReadCloud Vocational Education | |
solutions | & Training-in-schools | |
• The full-curriculum eBooks (maths, | • 241,000 school students took VET | |
english, science etc.) | courses in 20201, implying nearly 1 in | |
• We estimate a market size of $170 | 2 senior students in years 11 and 12 | |
study VET courses | ||
use | million (conservative estimate $100 per | • With VET in secondary school courses |
student p.a. for learning resources) | ||
costing approximately $250-300 per | ||
course per annum, ReadCloud | ||
nal | estimates it is a $60-75 million industry | |
1. N tional Centre for Vocational Education Research - VET in Schools 2020 report (up from 60,000 students in 1996) 2. Australian Curriculum, Assessment & Reporting Authority
3.9 million students enrolled in VET courses with 3,519 training providers in Australia
Broader
VET market
- Digital distribution agreements with leading VET course publishers delivering course materials to VET students in Universities, TAFEs and Registered Training Organisations (RTOs)
- The ReadCloud SaaS Platform is designed to support the Broader VET market
READCLOUD LIMITED | 5 |
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