Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

FRONTIER DIGITAL VENTURES LIMITED AGM Information 2017

May 25, 2017

64907_rns_2017-05-25_623d7102-3eba-49aa-9c44-b153ecfb8441.pdf

AGM Information

Open in viewer

Opens in your device viewer

==> picture [766 x 193] intentionally omitted <==

==> picture [766 x 192] intentionally omitted <==

ANNUAL GENERAL MEETING

2 6 M A Y 2 0 1 7

FRONTIER DIGITAL VENTURES

HIGHLIGHTS
2016
Financial
performance
Total revenue of A$13.4m on 100% basis, up 82% over 20151
‒ Zameen expanded its revenues to A$5.8m (up +227% from 2015)
‒ Encuentra24.com recorded revenues of A$5.0m (up +17% from 2015)
‒ 7 out of 15 investments have now progressed to monetisation stage and are now
solely focused on expanding revenues and profits
‒ Note: Frontier’s economic share of revenue in 2016 was A$3.9m, up 139% on 2015
Frontier also invested over A$11.8m across new and existing businesses during 2016
2016
Operational
performance
2016 was a year of significant operational progress for Frontier
‒ Frontier now has investments in 15 companies accessing a population of 648m
‒ Successfully expanded to more countries giving access to larger populations,
listings, visits and revenue
Strong brand awareness was established within our target markets positioning
Frontier as the funding partner of choice for many successful entrepreneurs
Detailed data on performance by portfolio investment provided on slide 12
2017
Strategy
Achieving a market leading position across our portfolio companies
Continued roll-out of the successful Zameen blueprint
Optimisation of portfolio through new investments and rationalisation		 Companies monetising
(2015: 4 companies)
7 companies
Total revenue1
(2015: A$7.3m)
A$13.4m +82%
Cash & term deposits
(Dec 2015: A$5.4m)
A$25.1m +365%
Listings
(Dec 2015: 0.9m)
1.2m +24%
Sessions
(2015: 147.1m)
205.7m +40%

Note:		 2

1 Unaudited revenue on 100% basis for all 15 standalone portfolio investments

2

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

FY2016 FINANCIAL RESULTS

==> picture [11 x 41] intentionally omitted <==

Strong revenue growth across the portfolio and prudent cost management highlights Frontier’s significant progress towards achieving cash flow breakeven

Total revenue (A$m; 100% basis)

Total EBITDA (A$m; 100% basis)

Significant growth in revenues as portfolio investments transition to monetisation stage

EBITDA losses expected to reduce as the portfolio progresses towards monetisation stage

==> picture [303 x 226] intentionally omitted <==

----- Start of picture text -----

+136%
7.7
5.7
4.2
3.3
1H 2015 2H 2015 1H 2016 2H 2016
Controlled entities Associates
----- End of picture text -----

==> picture [291 x 192] intentionally omitted <==

----- Start of picture text -----

1H 2015 2H 2015 1H 2016 2H 2016
(3.1)
(5.6)
(6.8) (6.8)
Controlled entities Associates
----- End of picture text -----

3

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

CURRENT PORTFLIO OF 15 INVESTMENTS ACROSS 19 COUNTRIES

==> picture [11 x 41] intentionally omitted <==

Frontier continues to establish strong brand awareness within our target markets as the funding partner of choice for many successful entrepreneurs

  • Focuses on early stage, locally-based operating companies where the team’s expertise in strategy and execution in online classifieds can add material value

  • Identifies and invests in companies at a significant discount to the value which may be created post Frontier’s 3 to 5 year optimisation process

  • Targets countries experiencing some of world’s fastest growing GDP per capita and internet penetration

==> picture [576 x 224] intentionally omitted <==

----- Start of picture text -----

Central America Africa Asia
----- End of picture text -----

4

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

REVENUE BREAKDOWN ACROSS PORTFOLIO

==> picture [11 x 41] intentionally omitted <==

Strong financial performance in 2016 validates Frontier’s differentiated strategy of partnering with local entrepreneurs

==> picture [718 x 330] intentionally omitted <==

----- Start of picture text -----

Current 2016 revenue Revenue growth
Operating company shareholding (A$000, 100% basis) (annual) Type
Zameen 30% 5,750 227% Property
Encuentra24 39% 5,025 17% General
iMyanmarHouse 43% 738 33% Property
Currently
LankaPropertyWeb 37% 127 535% Property
monetising
Kupatana 31% 171 n/a General
CarsDB 76% 92 64% Automotive
Kupatana has
Pakwheels 37% #,### [1] ### [1] Automotive now moved to
monetisation
stage
ToLet 39% 147 123% Property
Monetisation
Moteur 49% 65 1,525% Automotive
planning stage
meQasa 66% 10 n/a Property
casaMozambique 42% 61 510% Property
Growing Afribaba 65% 31 n/a General
operating IMCongo 66% 20 n/a Property
metrics
Carwangu 60% - n/a Automotive
Angocasa/Angolacarr 60% - n/a Property/Automotive
----- End of picture text -----

Note:

5

FRONTIER DIGITAL VENTURES

1 Revenue and sessions for Pakwheels not disclosed due to commercial sensitivities

==> picture [131 x 130] intentionally omitted <==

FRONTIER‘S DIFFERENTIATED STRATEGY

Frontier has a differentiated investment strategy that combines the drive of well invested local founders with Frontier’s top tier experience building online classifieds businesses Frontier’s clear strategy… ...and unique position to execute

  • 1 Acquire/build market leaders in each region

  • Achieving clear market leadership is a forerunner to effective monetisation of online classifieds businesses

==> picture [42 x 61] intentionally omitted <==

  • Unparalleled experience in emerging online classifieds

  • Management have been investing into and managing online classifieds businesses since 2001

– 2 Empower and support well-invested founders

  • Focus on partnering with local entrepreneurs with significant ‘skin in the game’

  • Avoids the strategy of global players who deploy ex-pat CEOs with limited understanding of local market dynamics and lack of personal investment

– 3 Deploy clear business plans and KPIs

  • Rigorously monitor all portfolio companies to enable Frontier to track progress and add value

  • Use clear KPIs to drive companies to achieve key milestones on a month-to-month basis

==> picture [42 x 60] intentionally omitted <==

==> picture [42 x 60] intentionally omitted <==

A true operational partner

  • The preferred partner of emerging online classified companies

  • Local founders value the increased flexibility

  • Also not beholden to venture capital style unitholders and their requirements

  • Bespoke business model designed for frontier markets

  • Specialist in navigating the unique issues that online classified businesses face in frontier markets

  • Learnings are shared across the portfolio

6

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

ZAMEEN: DEMONSTRATED VALUE CREATION

==> picture [11 x 41] intentionally omitted <==

Frontier’s first investment, Zameen, has already increased in value by more than 5x on the investment to date (stake now worth US$27m)

==> picture [725 x 309] intentionally omitted <==

----- Start of picture text -----

Growth in Zameen equity value Zameen proportion of Frontier portfolio
Company value increase of 22.5x
FDV net
~2.5 years of optimisation
October 2016 listings Zameen equates to
0.5m only 23% of net
Frontier website
August 2015
March 2014 listings...
US$27m
equity
valuation
...and only 15% of
US$1.2m
US$4.7m Frontier net monthly
traffic
FDV net
Value of Frontier’s initial Value of Frontier’s 30% Value of Frontier’s 30% investment traffic
30% investment investment in August in latest funding round 5.2m
2015 funding round (6 months ago)
(+US$1.5m investment) (+US$2.1m investment)
----- End of picture text -----

7

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

----- Start of picture text -----

rapidly
----- End of picture text -----

ZAMEEN: BLUEPRINT TO ROLL OUT ACROSS PORTFOLIO

==> picture [11 x 41] intentionally omitted <==

Frontier’s further 14 investments are following the Zameen blueprint and are rapidly progressing towards monetisation

Zameen optimisation process

Optimisation of key metrics

==> picture [732 x 293] intentionally omitted <==

----- Start of picture text -----

 Zameen was optimised based on Frontier
Mar-14 Change
Implement best-practice management’s experience in managing REA Group Mar-13 (investment) Nov-16 (%)
and iProperty
strategies  Initially reviewed existing strategy and established Agencies (#) 3,690 4,958 11,231 +127%
common goals with Zameen founders
Paying agencies (#) 298 752 6,443 +757%
Establish operational  Agreed structure with clear goals on Active listings (#) 66,603 77,631 336,281 +333%
structures Zameen portal sales and marketing Unique visitors (#) 161,385 293,274 1,037,592 +254%
effectiveness
Visits (#) 338,143 618,661 2,986,769 +383%
Optimise Zameen  Allowed efficient KPI tracking Desktop visits (#) 286,669 462,366 1,123,810 +143%
reporting systems  Zameen now has over 600 employees Mobile visits (#) [1] 51,474 156,295 1,862,959 +1,092%
Total leads (#) 118,470 125,734 613,040 +388%
 Focus first on industry side and agencies
Drive Zameen towards #1 Revenue accr. (PKR) n/a 4,297,032 49,941,667 +1,062%
 Within 24 months Zameen had more than
portal in Pakistan 300,000 listings and over 3.2m visits in Note:
Pakistan 1 Includes app visits
 Established Zameen as the trusted source of
Consolidate Zameen
property for sale and rent
brand  Collect and leverage property related data and Significant increases in operational
information metrics since Frontier investment
----- End of picture text -----

8

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

----- Start of picture text -----

10 online
----- End of picture text -----

STRATEGIC VISION FOR FRONTIER

==> picture [11 x 41] intentionally omitted <==

Frontier is currently executing on its short- to medium-term plan of taking 10 online classifieds businesses to monetisation

Establish Bring 10 Portfolio Establish Monetise portfolio businesses to rationalisation >A$100m market equity monetisation value for each investment Complete Underway Underway Raise capital and Near-term goal is to bring Disciplined rationalisation Establish value for investments Frontier will consider establish initial 10 portfolio businesses into may occur over time through subsequent funding exiting its portfolio of tier 1 monetisation stage rounds and/or stake sales investments if and investments targeting an initial A$100m when appropriate, in valuation each the best interests of shareholders

3 – 5 year process of active value optimisation

9

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

MATURING PORTFOLIO

==> picture [11 x 41] intentionally omitted <==

Frontier is currently optimising the operations of its 15 online classifieds investments and rapidly progressing these investments towards monetisation

==> picture [741 x 318] intentionally omitted <==

----- Start of picture text -----

Investment progression Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16
2016 revenue
(A$)
Currently monetising Zameen 5,750,072
iMyanmar 737,713
– Investments at this stage are Pakwheels #,### [1]
focused on increasing revenues CarsDB.com 92,155
– Uses targeted marketing and Encuentra24 5,024,731
build out of product range Kupatana 171,255
Lanka Property Web 127,395
Monetisation planning stage meQasa 10,386
Moteur 65,445
–
Investments at this stage are
ToLet 146,991
focused on improving quality of
listings and leads
Carwangu 0
Growing operating metrics
Afribaba 30,919
– CasaMozambique 61,498
Investments at this stage are
AngoCasa, AngolaCarro 0
primarily focused on increasing
listings and advertisers IMCongo 20,453
–
Marketing awareness exercises are
also undertaken Initial equity investment Initial call option(s) exercised Participation in subsequent funding round
----- End of picture text -----

Note: FRONTIER DIGITAL VENTURES 1 Revenue for Pakwheels not disclosed due to commercial sensitivities and AASB requirements

10

==> picture [131 x 130] intentionally omitted <==

SHIFT TO TRANSACTION REVENUE – ONLINE CLASSIFIEDS v2.0

==> picture [11 x 41] intentionally omitted <==

Frontier markets present a significant opportunity to roll-out the v2.0 online classifieds business model and benefit from transactional revenue streams

  • There exists a significant opportunity to roll-out v2.0 of the online classifieds business model which focuses on new, transactional revenue opportunities which arise due to unique issues faced by frontier markets including:

  • Low levels of trust between buyers and sellers

  • Lack of access to traditional payment instruments

• Low levels of trust between buyers and sellers
• Lack of access to traditional payment instruments

• Lack of financial infrastructure to support safe payments		 Online classifieds v2.0
• Comparatively higher mobile penetration
Traditional model
Home services / design
Featured content on design ideas
Valuation and data
Valuation tools and historical sales data
Property listings
Listings of properties for sale or for rent
Transaction revenue – online classifieds v2.0
Mortgage broking
Transaction facilitation
Provision of mortgage broking services to home buyers
Facilitation of price negotiations and transaction escrow		 services
Transaction services
Relocation services
Property management
Provision of logistical services
Provision of property rental management services
(typically higher
margin)

11

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

UPCOMING SHARE PRICE CATALYSTS

==> picture [11 x 41] intentionally omitted <==

Frontier has a number of upcoming share price catalysts as it continues to focus on building the equity value of its portfolio

==> picture [85 x 316] intentionally omitted <==

  • PORTFOLIO Continued roll-out of successful Zameen blueprint to other portfolio OPTIMISATION companies

  • MARKET Near term funding rounds for Frontier’s investments will provide observable VALUATIONS market valuations and should increase the potential for a market re-rating

  • EXERCISE CALL Frontier may elect to exercise further valuable call options in line with its OPTIONS strategy to optimise its allocation of capital

  • RAPID BUSINESS – Consolidation or addition of new verticals to existing investments (e.g. add GROWTH auto-classifieds to dominant property platform in Sri Lanka)

  • NEW Focus on currently shortlisted opportunities –

  • ACQUISITIONS Focus on exploiting opportunities in high value countries

12

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

INVESTMENT HIGHLIGHTS

==> picture [11 x 41] intentionally omitted <==

Frontier provides investors with a diversified portfolio of high growth online classifieds businesses in some of the fastest growing emerging markets

  • Frontier is the leading global operator of online classifieds businesses in frontier markets

  • Frontier’s portfolio of 15 online classifieds businesses is rapidly monetising

  • Frontier’s first investment, Zameen, has already increased in value by more than 5x on the investment to date (stake now worth US$27m)

  • Frontier’s subsequent 14 investments are following the successful Zameen blueprint

  • Management team has a proven track record of generating significant shareholder value in online classifieds businesses

  • Frontier’s structured investment terms include valuable call options over several portfolio companies that are expected to generate additional shareholder value over time

  • Frontier’s portfolio companies are at the forefront of the v2.0 online classifieds model evolution

  • Target geographies are experiencing some of world’s fastest growing GDP per capita and internet penetration

13

FRONTIER DIGITAL VENTURES

[x]

==> picture [550 x 184] intentionally omitted <==

APPENDIX

14

FRONTIER DIGITAL VENTURES

CORPORATE SNAPSHOT

==> picture [11 x 41] intentionally omitted <==

Frontier is focused on developing online classifieds businesses in underdeveloped, emerging countries or regions

Key personnel

David Baxby

Chairman

  • In 2008 David joined the Board of Virgin Atlantic, Virgin America and Air Asia X and remains a director of Virgin Australia

  • Former Co-CEO of Virgin Group from 2011 (Richard Branson family office)

  • In 2004 David was named CEO of Virgin Management Asia Pacific region

Top shareholders

Catcha Group (Patrick Grove and Luke Elliott) 40.8%
Shaun Di Gregorio (CEO & Founder) 17.1%
Fidelity Management 7.4%
Private Portfolio Managers 7.3%

Shaun Di Gregorio

CEO & Founder

  • Former General Manager at REA Group (ASX: REA) from 2001-2009

  • – CEO at iProperty Group (ASX: IPP) from 2010-2014 where he transformed iProperty Group into the largest listed internet company in ASEAN with a market cap of A$514m

Broker research coverage

==> picture [66 x 21] intentionally omitted <==

==> picture [79 x 19] intentionally omitted <==

Ivor Ries (Melbourne)

Jonathon Higgins (Melbourne)

Financial information

Share price (24-May-17) A$0.53
Shares on issue 216.8m1
Market capitalisation A$114.9m
Cash (31-Dec-16) A$25.1m
Debt (31-Dec-16) No debt
Enterprise value A$89.8m

Source: IRESS

Notes:

  1. Includes 100.3m escrowed shares held by Catcha Group, Board and management, operating company vendors and others. Escrowed shares expected to be released on 25 August 2018 (90.3m) and 25 August 2017 (10.0m). Excludes performance rights.

15

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

----- Start of picture text -----

key
----- End of picture text -----

MARKET POSITION OF INVESTMENTS

==> picture [11 x 41] intentionally omitted <==

Frontier is focused on achieving a market leading position in all of its investments as a key requirement to being able to successfully monetise its user base

==> picture [726 x 324] intentionally omitted <==

----- Start of picture text -----

Currently monetising Monetisation planning stage Growing operating metrics
#1
#1 up from #2 on investment #1 up from #2 on investment
#1
#1 #1
#1 up from #2 on
investment #2 up from #4 on
investment #1
#1
#1
#1
#2 up from #3 on investment
#1
#1 up from #2 on #2 up from #3 on investment
investment
Clear market leadership and Establishing position in Driving towards market
focused on revenue competitive markets leadership
----- End of picture text -----

16

FRONTIER DIGITAL VENTURES

Source: SimilarWeb

==> picture [131 x 130] intentionally omitted <==

ENCUENTRA24.COM: TRADING UPDATE

==> picture [11 x 41] intentionally omitted <==

Encuentra24.com is the leading general classifieds portal in the key Central American markets of Panama, Costa Rica, Nicaragua and Honduras

Business update

Total listings (000s)

  • Encuentra24.com is the leading general online classifieds portal in Central America

  • Frontier has an equity ownership of 38.7%

  • First invested in April 2015

  • One of the leading revenue generators in Frontier’s portfolio with annual revenue A$5.0m in 2016

  • Continued growth in operational metrics resulted in Frontier exercising its option to increase its investment in Encuentra24.com by +3.8% in December 2016 for A$1.3m

  • Total listings increased to 496,896 at the end of December 2016 (up from 382,971 in December 2015)

  • Leads generated from consumers to advertisers increased to 943,291 in December 2016 (up from 518,418 in December 2015)

  • Encuentra24.com successfully expanded their leadership position in each of their core markets across 2016

  • The execution ability of the Encuentra24.com management team is a clear demonstration of how to successfully monetise multiple, smaller markets from one horizontal platform

==> picture [328 x 135] intentionally omitted <==

----- Start of picture text -----

600
500
400
300
200
100
-
Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16
----- End of picture text -----

Total app installations (000s)

==> picture [327 x 125] intentionally omitted <==

----- Start of picture text -----

800
600
400
200
-
Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16
----- End of picture text -----

17

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

IMYANMARHOUSE: TRADING UPDATE

==> picture [11 x 41] intentionally omitted <==

Successful roll-out of the iMyanmarHouse app and usage with real estate agencies is driving strong operational and financial performance over the last 2 years

Business update

Real estate agencies using platform (#)

  • iMyanmarHouse.com is the leading online real estate portal in Myanmar

  • Significant market opportunity with total population of 54 million

  • Reports of smartphone penetration now reaching over 70% of the population[1]

  • Frontier has an equity ownership of 43%

  • Since investment in October 2014, Frontier has implemented its bestin-class operating model in collaboration with the iMyanmarHouse founders

  • iMyanmarHouse has delivered rapid operational and revenue growth over the past 2 years

  • 2,218 agencies now using the platform (CAGR of 288% since Jan-15)

  • A$738k revenue in 2016 (up 33% from 2015)

  • A key focus for iMyanmarHouse has been the highly successful development and roll-out of its app

  • iMyanmarHouse has also successfully established transaction related revenue streams in line with Frontier’s v2.0 classifieds business model

==> picture [350 x 135] intentionally omitted <==

----- Start of picture text -----

2,500
2,000
CAGR = 288%
1,500 since Jan-15
1,000
500
-
Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16
----- End of picture text -----

Total app installations less uninstalls (000s)

==> picture [333 x 132] intentionally omitted <==

----- Start of picture text -----

200
150
App install growth = 559%
12 months since Dec-15
100
50
-
Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16
----- End of picture text -----

Note: 1 Based on government estimates of 89.4% mobile penetration (July 2016) and 80% smartphone composition (MEF Spotlight on Myanmar, August 2016)

18

FRONTIER DIGITAL VENTURES

==> picture [131 x 130] intentionally omitted <==

LANKAPROPERTYWEB: TRADING UPDATE

==> picture [11 x 41] intentionally omitted <==

Strong growth in listings over the last 2 years has seen LankaPropertyWeb overtake its competitors as the leading online real estate portal in Sri Lanka

Business update

  • LankaPropertyWeb is the leading online real estate portal in Sri Lanka

  • Frontier has an equity ownership of 37%

  • Also owns a significantly in-the-money option to acquire an additional 11% for an exercise price of US$200k

  • First invested in August 2015

  • 2016 saw the continued growth in key operating metrics as Frontier and the founders continue to implement best-in-class online classifieds strategies

  • +2,318% growth in total leads

  • +90% increase in monthly revenue to A$11,757 in December 2016[1]

  • +39% improvement in desktop visit bounce rate

  • LankaPropertyWeb grew its operating metrics with only a 2% increase in monthly total expenses over 2016

  • Superior operational execution in 2016 has positioned LankaPropertyWeb as the clear market leader ahead of Lamudi and ikman.lk

Competitive landscape – total listings (000s)

==> picture [329 x 128] intentionally omitted <==

----- Start of picture text -----

40
LankaPropertyWeb Lamudi ikman.lk
30
20
10
-
Jan-15 Mar-16 May-16 Jul-16 Sep-16 Nov-16
----- End of picture text -----

Optimisation of key metrics

Optimisation of key metrics Change
Dec-15 Dec-16 (%)
Agencies (#) 6,485 7,765 +20%
Leads (#) 3,014 72,883 +2,318%
Monthly revenue (A$)1 6,174 11,757 +90%
Total expenses (A$)1 26,891 27,451 +2%
Total listings (#) 14,510 26,168 +80%
Mobile visits (#) 97,883 168,164 +72%
Desktop bounce rate 31.5% 19.3% +39%

FRONTIER DIGITAL VENTURES

Source: Company websites, similarweb 1. Converted at 0.7434 AUD:USD

19

==> picture [131 x 130] intentionally omitted <==

KUPATANA: TRADING UPDATE

==> picture [11 x 41] intentionally omitted <==

Operational outperformance in 2016 has transitioned Kupatana to significant monetisation stage from its position of clear market leadership in Tanzania

Business update

  • Kupatana is the leading general classifieds portal in Tanzania with a presence in Uganda

  • Frontier has an equity ownership of 31%

  • First invested in May 2015

  • Target population of c. 93m

  • Kupatana was founded in 2014 and has adopted an aggressive ‘mobile first’ approach to its product roll out to capitalise on the significant growth in smartphone users in its target geographies

  • Kupatana delivered A$171k in revenue across 2016 (no revenue generated in 2015)

  • 2016 saw significant increases in key operational metrics including:

  • Total users increased to 323,017 in December 2016 (up from 219,723 in December 2015)

  • Total monthly sessions increased to 375,000 in December 2016 (up from 260,162 in December 2015)

  • Total active listings (< 90 days old) increased to 117,500 in December 2016 (up from 91,977 in December 2015)

Total users (000s)

==> picture [358 x 133] intentionally omitted <==

----- Start of picture text -----

500
400
300
200
100
-
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16
----- End of picture text -----

Total leads (000s)

==> picture [360 x 142] intentionally omitted <==

----- Start of picture text -----

100
80
60
40
20
-
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16
----- End of picture text -----

FRONTIER DIGITAL VENTURES Source: Company websites

20

==> picture [131 x 130] intentionally omitted <==

DISCLAIMER

The material contained in this presentation is non-specific and is a summary of the background to the Company’s activities. As this information is in a summary form it is not intended to be complete. Independent advice should be sought by investors or potential investors. The material does not take into account the investment objectives, financial situation or needs of a particular investor and therefore should not relied upon as investment advice to investors or potential Investors.

The material contained in this presentation should be considered as preliminary and does not purport to contain all the information that a recipient may desire or need. In all cases, the recipient should conduct its own investigations and analysis with regards to its contents or any other matter to which it may relate, including by obtaining specialist professional advice.

This presentation may contain statements that may be deemed “forward-looking statements”. Forward risks, uncertainties and other factors, many of which are outside the control of the Company can cause actual results to differ materially from such forward-looking statements. Frontier Digital Ventures currently own investments in multiple emerging market jurisdictions which potentially carries significant political risk. Other risks may be present such as agency risks, investment risk, competition, changes in technology, security breaches, insurance, additional requirements for capital, potential acquisitions, ability to raise sufficient funds to meet the needs of the Company in the future, the Company’s limited operational history, reliance on key personal, as well as political and operational risks, and governmental regulation and judicial outcomes.

The Company makes no representation or undertaking that it will update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward-looking statements made.

No part of this presentation is intended for recipients outside Australia. Accordingly, recipients represent and warrant that they are able to receive this presentation without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business.

21

FRONTIER DIGITAL VENTURES

==> picture [766 x 193] intentionally omitted <==

==> picture [766 x 192] intentionally omitted <==

CONTACT DETAILS

Principal Office

39-8 The Boulevard Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia

Telephone: +60 3 2201 0790

FRONTIER DIGITAL VENTURES

More from FRONTIER DIGITAL VENTURES LIMITED

Director's Dealing 2026
May 27
Director's Dealing 2026
May 27
Declaration of Voting Results & Voting Rights Announcements 2026
May 26
AGM Information 2026
May 24
Director's Dealing 2026
Apr 27
Director's Dealing 2026
Apr 27
Proxy Solicitation & Information Statement 2026
Apr 23
Director's Dealing 2026
Apr 15
Director's Dealing 2026
Apr 15
Governance Information 2026
Apr 1
View all filings →