+ All Categories
Home > Documents > For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For...

For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For...

Date post: 20-Jun-2020
Category:
Upload: others
View: 0 times
Download: 0 times
Share this document with a friend
22
1 Crowd Mobile (ASX: CM8 & FWB-XETRA: CM3) Investor Presentation December 2015 For personal use only
Transcript
Page 1: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

1

Crowd Mobile (ASX: CM8 & FWB-XETRA: CM3)

Investor Presentation

December 2015

For

per

sona

l use

onl

y

Page 2: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

2

● We are focused on the global mobile economy

● We generate revenue from m-content & m-commerce

Crowd Mobile - What We Do

● We receive m-payments directly from Telcos

● We have connections into 150 telcos in 50+ countries

For

per

sona

l use

onl

y

Page 3: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

3

jkhj

● Listed on the ASX under code CM8 and on Frankfurt/XETRA under code CM3

● Our company has been profitable since 2009 and generates free cash flow used for growth

Our Company

● Acquisition of Track Concepts, a global m-payments company in October 2015

● Combined entity generated FY-15 proforma revenue of A$43.1M and A$15.9M EBITDA

For

per

sona

l use

onl

y

Page 4: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

4

ASX Code: “CM8” & FWB-XETRA: “CM3”

Ordinary Shares on Issue 154m

7.5m Options @ various strike prices 7.5m

Market Cap (@ 27cents - $AUD)* $41.7m

Cash at Bank ($AUD) as at 30/11/15 $5.0m

Debt (EUR12.5m) $19.2m

Enterprise Value $60.9m

$12.7m rights issue completed in October

*Closing price at 1st December 2015

Share price and market cap rising since listing in January 2015

Corporate Snapshot

For

per

sona

l use

onl

y

Page 5: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

5

A Global Operation

● Headquartered in Melbourne

● Offices in Amsterdam, Berlin and Budapest

● Over 65 employees in the group

● Reach into 50 countries globally*

Berlin, Marketing

Budapest, Operations

Amsterdam, Track

Melbourne, Headquarters

11

4

6

30

Number of countries operating

* Country Reach signifies the number of countries Crowd Mobile is in across each Continent (unaudited)

% of revenue contribution

14%

1%

73%

12%

Extended Global m-payment Reach

● 88% of revenue comes from outside Australia

For

per

sona

l use

onl

y

Page 6: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

6

wewe

617BN

M-payments

transaction

value by 2016

Global Mega Trends We Capitalise On

6.1BN

Smartphone

subscriptions

in 2020

1.1TN

Global DCB/

PSMS Volumes

in 2017

Sources: Ericsson; Frost & Sullivan; Gartner

For

per

sona

l use

onl

y

Page 7: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

7

In-House Developed Content Licenced Content

Single Purchase & Subscription

Consumers

Reach of

approximately

1.4billion consumers

Gateways

Gateways provide

the infrastructure to

the Telecom Operators

Digital Marketing to

acquire customers

Telcos/Apple/Google

Crowd Mobile Value Chain

Content Creation, Marketing and m-payments

m-paymentpayment

Aggregated

payment

For

per

sona

l use

onl

y

Page 8: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

8

● Diverse range of ‘frictionless’ Apps

● Strong in-house content capability

● Entertaining, high engagement focus

● Building communities creates ‘stickiness’

Product Portfolio

For

per

sona

l use

onl

y

Page 9: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

9

Product Portfolio

Diversified Product Mix

Downloads

• Downloads consists of

content that consumers

can download for a fee

• Content includes games,

ringtones, music and

videos

• Downloads available on

web, mobile and apps

Apps

• Apps contains applications

for consumers’

smartphones.

• Capability in both iOS and

Android for maximum

distribution

Entertainment

• Entertainment primarily

consists of HTML5 games,

music & videos that

consumers can play, watch

or listen.

• Games represent a high

value segment

For

per

sona

l use

onl

y

Page 10: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

10

How Our Q&A Apps Work

● Completing micro tasks

● Answering questions

“I want to go on holiday to

Barcelona. What is the

best month to travel on a

student budget?”

“We suggest September after the

peak season for better priced

hostels. There are some great

festivals in September. Here are

some helpful links: Hostels and

all you can eat festival passes.

Click to buy*“

● *Potential to generate revenues via m-commerce affiliate fees

For

per

sona

l use

onl

y

Page 11: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

11

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16

Paid Messages Q1 FY15 to Q1 FY16

Up 108%

12%

Increasing Q&A Message Volumes

● 8.0m million billed messages current year run rate

● Reaching 2 million paid messages per quarter

● 5.7 million billed messages last year = $13M

For

per

sona

l use

onl

y

Page 12: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

12

Answering circa 700k paid questions a month

Over 1,000 Experts

30 languages

24/7 platform manages all jobs globally

Many years investment in our micro job platform

Scaleable to any new Apps

Our Competitive Advantage

Micro job platform and network

The Crowd Mobile Globally Distributed Workforce

For

per

sona

l use

onl

y

Page 13: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

13

Q&A Apps can be anything on a continuum from Entertainment, Infotainment to Professional

services with corresponding increases in price points to customers

Future Mobile Apps

For

per

sona

l use

onl

y

Page 14: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

14

3rd Party App Strategy

● Focus on Apps to promote with 3rd parties

● Centred around known brands and events

● Revenue share with the brands signed

● Recent Geordie Shore/Dapper Laughs deal has 7M people social reach

● Numerous others partnerships in pipelineFor

per

sona

l use

onl

y

Page 15: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

15

Notes:

*CM8 accounts underlying EBITDA included. Track accounts are unaudited

** Unaudited November 15 result (first month post acquisition of Track)

Rounded to the nearest 000’s

AUD/EUR exchange rate 0.696 (average exchange rate for FY15; Source: OANDA.com)

AUD - $000s CM8 Track Total

Revenue 13.0 30.1 43.1

Gross profit 8.3 16.5 24.8

Expenses 6.2 2.7 8.9

EBITDA* 2.1 13.8 15.9

Proforma FY-15 Financials & November 2015

Combining both CM8/Track ($AUD)

NOV 15**

4.0

1.1

For

per

sona

l use

onl

y

Page 16: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

16

CrowdMobile Mobile Embrace Freelancer Moko Mobile MigMe

Ticker CM8+ MBE** FLN*** MKB** MIG***

Description M-Content,

M-payments &

M-commerce

Integrated

m-payments &

marketing

Online outsourcing

marketplace

Mobile apps and

social advertising

platform

Mobile social

entertainment

FY15 Revenue ($M) 43.1+ 33.0 33.6 6.2 6.0

FY15 EBITDA ($M) 15.9+ 5.1 -2.0 -19.6 -15.0

Share Price (cents) 27c 37.5c 173c 3.9c 93c

Market Cap/EV ($M) 60.9m+ 148m 825m 31.9m 204m

Revenue Multiple 1.4x 4.4x 24.6x 5.1x 34.0x

EBITDA Multiple* 3.7x 29.2x N/A N/A N/A

Note: All share prices as at closing 1st December 2015 taken from ASX and in $AUD

+CM8 – Based on Proforma FY15 Financials excluding shared based payments and acquisition transaction costs / CM8 Market cap = Enterprise Value

** MKB & MBE FY15 Annual Results (excluding share based payments)

*** FLN & MIG results 1H15 4D annualised (excluding share based payments)

Peer Analysis

Trading on an attractive valuation

For

per

sona

l use

onl

y

Page 17: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

17

Theo Hnarakis (Non Executive Chairman)

Brings a wealth of experience working in the media industry and scaling Australian ASX listed technology businesses. He graduated from The University of SA with a Bachelor of Accounting and has held senior roles with News Corporation, Boral Group, PMP and was the Managing Director and CEO of Melbourne IT until 2013. Mr Hnarakis is also a non-executive Director of Newzulu Limited (ASX: NWZ).

Domenic Carosa (Executive Director & Group CEO)

Over 20 years of experience in technology and ASX listed companies including building destra into the largest independent media & entertainment company in Australia with revenues of over $100M. Domenic is also Non-Executive Director of Shoply Limited (ASX:SHP), and Collaborate Corporation Limited (ASX:CL8).

Hans de Back (Executive Director & Track CEO)

Has significant experience across multiple high-technology industries including mobile, gaming, and social media. He holds a Masters degree in corporate law from Amsterdam University and has extensive international experience having worked with companies Globally. Mr. de Back is currently the Managing Partner at Incubasia Ventures working with innovative and scalable technology companies.

Sophie Karzis (Company Secretary)

Member of the Law Institute of Victoria and the Institute of Chartered Secretaries. She is a practising lawyer with over ten years experience as a commercial lawyer, and company secretary and in house counsel for a number of private and public companies.

Board of Directors

Global Experience and Expertise

For

per

sona

l use

onl

y

Page 18: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

18

Christian Shaw (CFO)

Over 20 years of ASX, NASDAQ and technology company

experience including Moko Social Media (ASX: MKB), Sunshine Heart (NASDAQ: SSH) & iCash (ASX: ICP). (Location: Melbourne/

Europe)

Tobias Schlitzke (COO)

Manages the growth and operations of the company across multiple countries

and time zones. Significant experience in start-up and

growth focused roles including Swisscom (Location: Europe)

Iain Clark (CTO)

Ensures that Crowd Mobile’s core technology

platforms globally are running and that new

products are released on time. Previously with

Goldman Sachs. (Location: Melbourne)

Gregor Cooney (CMO)

Responsible for Crowd Mobile’s global expansion

strategy including establishing relationships with MTV and other key

partners. (Location: Europe)

Global Executive Team

Experienced, Driven, Aspirational

For

per

sona

l use

onl

y

Page 19: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

19

1. Double the global m-payment distribution network into new regions to

increase the addressable market

2. Rollout new apps, maximise impact of current products and license new

products

3. Expand 3rd party partnerships such as brand ambassadors or app joint ventures

4. Acquire strategically relevant companies to add customers, products,

territories or relationships

2016 Growth Strategy

For

per

sona

l use

onl

y

Page 20: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

20

2016 Value Drivers

● Recurring revenues from Track’s Direct Carrier Billing products

● Global consumer footprint generating recurring & diversified revenues

● Growing suite of high value products

● Ongoing micro m-payments from telcos

● Joint ventures with major brands for Q&A apps

● Cashflow to retire debt rapidly and acquire new entities

● Capitalising on the global mega trend for mobile transactions

For

per

sona

l use

onl

y

Page 21: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

21

Contact

Participate in the Future of Mobile

Entertainment and Mobile Commerce

Domenic Carosa

[email protected]

For

per

sona

l use

onl

y

Page 22: For personal use only - Australian Securities Exchange2015/12/03  · 2016 Growth Strategy For personal use only 20 2016 Value Drivers Recurring revenues from Track’s Direct arrier

22

Disclaimer

The material in this presentation has been prepared by CrowdMobile Limited (ASX: CM8) (“CM8") and is general background information about CM8’s activities current as at the date of this presentation. The information is given in summary form and does not purport to be complete.

In particular you are cautioned not to place undue reliance on any forward looking statements regarding our belief, intent orexpectations with respect to CM8’s businesses, market conditions and/or results of operations, as although due care has been used in the preparation of such statements, actual results may vary in a material manner.

Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities.

Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice.

Non-IFRS Financial Information

CM8’s results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-IFRS measures including, “proforma”, “underlying” and “look through”. These measures are used internally by management to assess the performance of our business and our associates, make decisions on the allocation of resources and assess operational management.

Non-IFRS measures have not been subject to audit or review. All numbers listed as reported comply with IFRS.

Disclaimer & Non-IFRS Information

For

per

sona

l use

onl

y


Recommended