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READYTECH HOLDINGS LIMITED — Investor Presentation 2022
Aug 16, 2022
65678_rns_2022-08-16_0113a964-d51b-471f-bac8-40c3f9110159.pdf
Investor Presentation
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FY22 RESULTS PRESENTATION ASX:RDY
17 August 2022
Marc Washbourne – Co-Founder & CEO Nimesh Shah – Chief Financial Officer


FY22 Full Year Results 2



NEXT GENERATION, PEOPLE-CENTRIC SOFTWARE




ReadyTech delivers strong like-for-like growth
| Like-for-like revenue* | Underlying EBITDA** | Underlying NPATA** | Net customer revenueretention |
|---|---|---|---|
| 16.8%YoY growth to $78.3m | $27.5mMargin of 35.1% (exc. LTIP: 36.5%)FY21: $18.9m | $14.3mFY21: $10.6m | 106%FY21: 104% |
| Gross opportunity pipelineNew customers only | High value customer acquisition> $50K annualised value | Growth in revenue per newcustomer | Recurring revenue |
| > $25.0m | 48new high valuecustomers | 46%growth | 84% |
| Q1 FY21: $19.0m | Aggregate annual value $8.0m | Revenue per new customer$51.6k | FY21: 87% |
*Like-for-like compares revenue contribution from FY22 acquisitions of AVAXA, Open Windows and PhoenixHRIS against respective prior corresponding periods. FY21 revenue figures also include the 12- month revenue for Open Office of $18.3m.
**FY22 underlying results excludes non-recurring costs of $0.8m which includes the impact of transaction and one-off costs of $1.6m, impairment of intangible asset of $4.4m relating to a government licensing opportunity, and the accounting impact of contingent consideration of ($5.2m).

4
Outstanding and sustained growth in recurring SaaS revenue



High value new business wins and strategic M&A underpin continued growth
Substantial FY22 new business performance with 48 high value customers, each generating over $50k in annualised subscription and implementation value, with an aggregate annual value of $8.0m.
High conviction gross pipeline of >$25m with opportunities across the sectors of tertiary education, local government, justice tech and the stand-up economy for Workforce Solutions.
Executed and announced 4 highly strategic acquisitions:
- AVAXA (Education) adding 2 key TAFE customers fortifying market position.
- Open Windows (Government) adding procurement management capability to strengthen ERP and provide new upsell opportunity.
- PhoenixHRIS (Workforce Solutions) adding talent management and onboarding capability to elevate product-market fit and provide new upsell opportunity.
- IT Vision (Government) enhancing position as a leading local government software provider with addition of 190 customers.


Increasing demand for products at enterprise level across ReadyTech including wins with major hotel groups, blue-chip corporates such as Wesfarmers and government customers including Training Services NSW, City of Melton and TASCAT.


Laser focused on strategic execution


FY22 Full Year Results 7

ReadyTech is executing on a vertical SaaS playbook
Delivering high value across all segments


Accelerated growth achieved through ongoing investment

Product-market fit
- § 17 new roles and R&D 32.5% of revenue.
- § Strategic focus on themes of enterprise market fit, mobility and interoperability.
- § Government & Justice Focus on citizencentric approach. Open Windows procurement management elevates local government ERP market fit.
- § Workforce Solutions Major focus on lifting employee experience and mobility. PhoenixHRIS talent acquisition strengthens stand-up economy market fit.
- § Education & Work Pathways Strong focus on TAFE market fit. Open ecosystem improves interoperability and access to new product value for customers.

Focused product alignment for superior retention and customer acquisition
Go-to-market
-
§ 30% growth in S&M roles with focus on enterprise, S&M expenses 9% of revenue. § Growth in strategic partners and channel strategy to drive new referrals and customer opportunities.
-
§ Upsell and cross-sell performing well led by: ü LMS for education sector.
- all-in-one for Workforce Solutions.
- ü Customer service for local government.
-
§ In Education, AVAXA amplifies credibility in TAFE sector with 3 of the 5 largest TAFEs in Victoria.
ü PhoenixHRIS and upgrade to
Growth in sales and marketing spend and targeting higher value customers
Scaling
- § 17 new customer onboarding roles to manage demand.
- § Focus on customer onboarding selfservice, management platforms and automation.
- § Development of channel strategy to scale customer onboarding.
- § Increased customer intelligence to enhance effectiveness of customer success.
- § Strong progress on ReadyTech horizontal capability and best practice playbooks.
Efficient and streamlined operations to support accelerated growth
Investing throughout FY22 to underpin future growth Added 42 brand new roles FY22 Full Year Results


FY22 financial performance



Strong like-for-like revenue growth at high margins Total revenue of $78.3m, and $67.0m on a like-for-like** basis – YoY growth of
16.8%. Subscription and license revenue was $65.6m representing 84% of total revenue. Like-for-like** basis subscription revenue growth rate of 21.9% from
| $ MILLIONS | |||
|---|---|---|---|
| FY22 | FY21 | YoY %change | |
| Subscription and licence revenue | 65.6 | 43.3 | 51.5% |
| Implementation, training and other revenue | 12.7 | 6.7 | 88.1% |
| Total revenue | 78.3 | 50.0 | 56.5% |
| Like-for-like revenue** | 78.3 | 67.0 | 16.8% |
| Total expenses | (50.8) | (31.1) | (63.1%) |
| Like-for-like expenses** | (50.8) | (43.1) | (17.8%) |
| *Underlying EBITDA | 27.5 | 18.9 | 45.8% |
| *Underlying EBITDA margin | 35.1% | 37.8% | (5.3%) |
| *Underlying EBITDA (excl. LTIP) | 28.6 | 19.3 | 48.2% |
| *Underlying EBITDA margin (excl. LTIP) | 36.5% | 38.5% | (5.3%) |
| Depreciation and amortisation | (6.6) | (4.7) | (40.9%) |
| Amortisation of acquired intangibles | (7.5) | (6.4) | (16.5%) |
| Net finance expenses | (1.0) | (1.0) | (4.3%) |
| Underlying income tax expense (effective tax rate = 27%) | (3.3) | (1.8) | (85.2%) |
| *Underlying NPAT | 9.1 | 5.0 | 82.0% |
| Add: amortisation of acquired intangibles (post-tax) | 5.2 | 4.4 | (18.6%) |
| *Underlying NPATA | 14.3 | 9.4 | 54.1% |
New acquisitions AVAXA, Open Windows and PhoenixHRIS contributed revenue of $4.3m with subscription and license revenue being $3.0m.
Total revenue growth driven by new customer wins resulting in average revenue per new customer of $51.6k ($35.3k in FY21), upsell/cross-sell to existing customers, and significant user license and module upgrades.
Planned growth in operating expenses reflects:
- Sales and marketing costs of $6.7m, which is an increase of 19.7% YoY.
- Continued growth in R&D, with R&D expense of $25.4m from $15.4m in FY21, representing 32.5% of revenue.
LTIP impact $1.1m (FY21: $0.4m).
Underlying EBITDA of $27.5m representing margin of 35.1%. Excluding the impact of LTIP, EBITDA is $28.6m with a margin of 36.5%.
*FY22 underlying results excludes non-recurring costs of $0.8m which includes the impact of transaction and oneoff costs of $1.6m, impairment of intangible asset of $4.4m relating to government licensing opportunity, and the accounting impact of contingent consideration of ($5.2m).
**Like-for-like compares contribution from FY22 acquisitions of AVAXA, Open Windows and PhoenixHRIS against respective prior corresponding periods. FY21 figures also include Open Office on a 12- month proforma basis.
Strong cashflow and balance sheet support further growth
| NET DEBT AS AT 30 JUNE 2022 | |||||
|---|---|---|---|---|---|
| $ MILLIONS | 30 June 2022 | 30 Jun 21 | |||
| Bank debt | 34.0 | 31.0 | |||
| Bank guarantee | 1.1 | 0.5 | |||
| Cash and cash equivalents | 9.2 | 12.0 | |||
| Adjusted net debt | 25.9 | 19.5 | |||
| Net debt/EBITDA | 0.9x | 0.9x | |||
| CASHFLOW CONVERSION | |||||
| $ MILLIONS | FY22 | FY21 | |||
| EBITDA | 27.5 | 18.9 | |||
| EBITDA (excluding LTIP) | 28.6 | 19.3 | |||
| Changes in working capital | (3.2) | 2.5 | |||
| Cash flow from operating activities | 25.2 | 21.8 | |||
| % conversion (as of % EBITDA) | 89% | 113% |
Highlights
Available cash-for-use of $12.8m, including $9.2m cash and equivalents, and $3.5m debt facility headroom, given $37.5m facility drawn to $34.0m. Additional $12.5m bank facility obtained in July 2022 to fund the acquisition of IT Vision. 40% of total facility has been hedged with an interest rate swap.
Net debt of $25.9m and leverage ratio of 0.9x as at 30 June 2022. During FY22 $8.8m of cash was used for acquisitions of AVAXA, Open Windows and PhoenixHRIS.
Operating cash of $25.5m, which is an 89% conversion as a % of EBITDA, supported by continued growth in customers pre-paying annual subscription fees.
Government & Justice




Government digital transformation tailwinds
Driving growth across large addressable market
Global digitisation of government services and migration to cloud and SaaS.
Estimate that over 75% of the 530+ councils have purchased a core solution 10+ years ago.
Next generation public sector employees driving customer and digital agenda.

Digitisation accelerated by COVID-19 now imperative.
Local Government State Government
Solutions supporting specific legislative needs across:
530+ local councils in Australia*
*Based on Management Estimates




IT Vision acquisition: strategic rationale
Strong strategic fit, complementing ReadyTech's existing government software

Leading market position in local government software
- IT Vision enables ReadyTech to become one of the leading government software providers by volume, through the addition of 190 new strategic customers.
- Acquisition is in-line with ReadyTech's strategy of bolstering its position as a trusted technology provider to local government.

Mission critical software and sticky and loyal customers
- Unique opportunity to acquire a significant and strategic set of high-value, enterprise grade local government customers which would have otherwise been difficult and taken considerable time to acquire.
- Long-term and sticky customers due to 'mission critical' nature of technology, coupled with high level of customer satisfaction and trust.

Optimised local government product offering


• Opportunity to develop an optimal local government product suite leveraging modular cloud architecture through combination of Open Office and IT Vision.
• Accelerates IT Vision's customer transition to cloud and subscription model, unlocking value within their existing base and growing 'share of wallet' over time.
• Offers a wider product set to IT Vision customer base to drive new upsell and cross-sell opportunities.
Leverages ReadyTech's operating scale
- Enjoys benefits of scale, knowledge sharing and market intelligence, expanded geographic reach including expanded salesforce, implementation and customer service footprint.
- Significant expansion of resources and capability in go-tomarket activities across sales and marketing, business development and account management.

Strong local government expertise and incentivised management team
- Existing IT Vision management joins ReadyTech with considerable knowledge and specialist local government market skills.
- Management team highly incentivised to integrate and grow revenue and earnings via the deal structure with deferred payment contingent on revenue and EBITDA performance milestones.







IT Vision: boosts ReadyTech's position in local government
The acquisition of IT Vision will greatly enhance ReadyTech's customer footprint and ability
to service local governments across Australia
IT Vision enjoys strong local government market positions in WA and SA and have seen a growing customer set in QLD which will enhance ReadyTech's traditional market and existing customer focus in VIC, TAS and NSW.
ReadyTech will benefit from a highly experienced, respected and specialised local government management team who are highly incentivised to integrate with ReadyTech and to grow customers, subscription revenue and EBTIDA.


Nigel Lutton CEO (Director)

Adrian Halid Chief Technology Officer (Director)

Angelo Nardi Manager, Sales (Director)

Steve Tilden Manager, Development (Director)

Ready to digitise Government Digital transformation for improved customer service and growing
community expectations

MODULAR ARCHITECTURE
Solves discreet challenges and enables land and expand to full ERP.
HIGH CONFIGURABILITY
Repeatable customer onboarding reduces time to go-live.
CITIZEN-CENTRIC
360-view of customer and connected self-service.
CLOUD-BASED SAAS
Modern UX, remote access & mobile apps all highly attractive to citizens as well as digital savvy council staff.
TRACK RECORD
Exemplary success rate for customer implementations.
WHY WE ARE WINNING CUSTOMERS
DRIVING GROWTH
Estimate that over 75% of the 530+ councils* have purchased a core solution 10+ years ago.
CUSTOMER SERVICE MANAGEMENT


COMMUNITY
ENGAGEMENT

Growth Opportunity
Accelerated growth opportunity for IT Vision via optimised product set, cloud/SaaS transition strategy and elevated sales, marketing and customer success practices.
FY22 Full Year Results
*Based on Management Estimates
Capability Integrated
Open Windows delivers market leading contracts and procurement management to strengthen ERP offering and provide new upsell opportunity. Increasing focus on auditability of contract management.



Justice is a major global growth opportunity
Well positioned to capitalise on global digitisation trends
Best of breed – preference for specialist technology to reduce risk due to past system failures in government IT.


COVID – necessity to use digital applications has become common. Confidence has built acceptance and momentum for change.
MODULAR APPROACH
Offers phased approach and customer choice. Enables land and expand to full platform.
TIME TO GO-LIVE
Highly configurable elements accelerate time to go-live and reduce risk for customer.
DOMAIN EXPERTISE
Over 20 years' experience in complex domain – deep understanding of the unique "Westminster" justice system.
LOCAL PRESENCE
Strong Australian capability and resources in comparison to peers and credibility as trusted ASX-listed company.
NETWORK EFFECT
Partnerships with best-of-breed organisations including customer requirements for business transformation and digital reform.
WHY WE ARE WINNING CUSTOMERS
Scheduling and Listing



Growing international reputation following major win and successful project in UK with Ministry of Justice
Scheduling and Listing module successfully live for approx. 4,500 users across 140+ sites. Rollout is complete for Civil and Family jurisdictions.
The Scheduling and Listing solution includes O365 integration for Judicial Office Holders.

"Fantastic – it's so much quicker and easier to find Judicial availability than in e-diary"
Cardiff Delivery Manager
"This is a significant step towards achieving our goal of bringing the Courts and Tribunals service into the 21st Century"
UK Courts Minister, Chris Philp MP
Successful phased roll-out of ReadyTech modules at HMCTS
Resource Management

Resource Management features are expected to go live in first quarter of FY23.
Solution includes integrations with various external systems via a common integration layer (HMI). This includes integration with UK Courts Common Platform for CRIME.

ReadyTech's 'land and expand' strategy in action


Significant Government & Justice contribution Revenue growth on a like-for-like basis of 18.6% to $23.9m underpinned by 33%
growth in subscription revenue to $19.6m. Recurring revenue is now 76% of total revenue compared to ~65% for the period FY21.
Government & Justice revenue contribution from local government sector of 55%, justice sector of 35% and 10% from Open Windows.
Average revenue per new customer $186k (FY21: $161k), up 15.4%, driven by module upgrades to existing customers and winning customers from local and state government, as well as the justice sector.
Open Windows acquisition performing well, contributing $2.3m of revenue since acquisition in December 2021.
Highlights
| $ MILLIONS | ||||
|---|---|---|---|---|
| FY22 | FY21 | YoY % growth | ||
| Revenue (like-for-like basis)* | 23.9 | 20.1 | 18.6% | |
| Open Office revenue** | 21.6 | 18.3 | 18.0% | |
| EBITDA | 8.8 | 7.0 | 25.7% | |
| EBITDA margin % | 36.8% | 34.8% |
*Like-for-like figures include pro-forma 7 months revenue for Open Windows in FY22.
**FY21 reflects 12-month proforma Open Office revenue.
Workforce Solutions


FY22 Full Year Results 21

Workforce Solutions addressing a huge market of $2.4b*
Industry vertical strategy
Enables highly efficient customer acquisition via targeted Sales and Marketing activity – strong referrals/network effect, case studies/proof points, common industry pre-rolled awards and integrations.
Mid-to-enterprise market focused SaaS solving complex payroll and workforce management in stand-up economy
Addressable market in ANZ represents 7 million employees and $2.4 billion* spend on software and payroll outsourcing.
Targeting initial industry verticals with all-in-one offering

LOGISTICS HOTELS &

ACCOMMODATION


AGED & DISABILITY CARE

MANUFACTURING AGRICULTURE RETAIL

*Based on Management Estimates
Expanding channel partner strategy
Enhancing customer acquisition capability and customer onboarding scalability with expansion of channel partner network including Integrity1.

ROSTERING
TIME &
ATTENDANCE





Unique all-in-one workforce management system
Our all-in-one cloud offering is differentiated, meeting customer needs and driving growth
ONE VENDOR RELATIONSHIP Replacing separate legacy systems with one vendor.
EXPANDED COMPLIANCE
Support for Australia & NZ in one platform.
HIGH TRUST

Highly trusted brand for mission-critical payroll function.
CONNECTED DATA
Real-time and efficient data management.
HIGH VALUE CUSTOMERS
Average revenue per all-in-one customer is on average 3 times higher than payroll only.
WHY WE ARE WINNING CUSTOMERS
Optimised Talent Offering
Greatly enhanced recruitment and onboarding capability via acquisition and tight integration of PhoenixHRIS. Lifts product-market fit and new expansion opportunity across large customer base.


Big wins are increasing our penetration of hotels and accommodation sector
Example of industry vertical strategy in action showing strong results
- Proven track record in Industry driving high quality referrals.
- Compliant with relevant legislation.
- All workforce management requirements in one centralised system.
- Wanted to remove key person dependency.
- Employee self-service experience.
- Centralised real-time data for reporting purposes.
- Easy fluidity of staff movements across departments and hotel properties.
- Date effective fields, allowing updates to employee profiles to take effect at a future date.
Why we are winning
"There are several reasons why we chose to opt in for an all-inone payroll and HR system – we wanted a system that was costeffective, cloud based, easily integrated with existing platforms, allowed automated workflows, had an employee self-service portal and was compliant. With all of that in mind, we implemented Ready Workforce. They really do understand your business. They really do see things from a HR, payroll and employee's perspective. I have been using Ready Workforce since November 2020 and their customer service is second to none."
Anil Chauhan, Stamford Plaza, Auckland
Recent landmark wins




Sustainable revenue growth Revenue growth of 15.8% to $23.5m with Software revenue growing at
20.7% driven by new customer wins from all-in-one platform, and significant upgrades from existing customers. Contribution of PhoenixHRIS was $0.3m in FY22.
Average revenue per new customer of $46.2k (FY21: $39.4k) driven by growth in new software customer revenue.
New customer wins in targeted industry verticals of hotels and accommodation, retail, aged care, agriculture, manufacturing and logistics.
EBITDA margin reflects continued investment in onboarding (11 new roles), research and development (employee experience module), as well as sales and marketing.
Highlights
| $ MILLIONS | |||
|---|---|---|---|
| FY22 | FY21 | YoY % growth | |
| Revenue (Software) | 15.4 | 12.8 | 20.7% |
| Revenue (Managed services) | 8.1 | 7.7 | 3.9% |
| Total Revenue | 23.5 | 20.3 | 15.8% |
| EBITDA | 8.7 | 8.5 | 3.5% |
| EBITDA margin % | 37.2% | 41.5% |
Education & Work Pathways


ReadyTech delivering against growing education technology market needs
Demand for global EdTech is forecast to grow from $183b to $404b by 2025*
EDTECH MARKET GROWTH TRENDS
| New technology and need forupskilling driving trend of lifelonglearning–creating new studentcohorts and growing overallparticipation. | Growing trend of micro-learningand micro-credentialsunderpinning need for highlyautomated and self-servicetechnology. |
|---|---|
| Irresistible trend for online | Global trends in consumer digital |
| learning driven by new student | experience are influencing the |
| expectations in a remote, work | rapid modernization of student |
| anywhere world. | experience. |
*According to HolonIQ's Global Market Sizing (August 2020). Values are in USD.


- Complement ReadyTech's core and mission-critical Student Management System with innovative EdTech community technology partners.
- Develop new revenue share opportunities and increase 'velcro hooks' of highly sticky software.
- Pure cloud, API-first product strategy underpins the success, especially in enterprise.
- Drives new customer referrals from partner networks.
EXPANSION OF READYTECH'S UNIQUE EDUCATION OPEN ECOSYSTEM




The next generation student management system
Our product differentiators and why we are winning customers in a sector ready for change
CLOUD & SAAS Regular release/agility, modern UX.
LOCAL EXPERTISE Assurance on compliance and local fit.
OPEN ECOSYSTEM Interoperability with best-in-class.
HIGH CONFIGURABILITY Rapid deployment and scalability.
SUPERIOR STUDENT EXPERIENCE
Digital experience driving student engagement.

WHY WE ARE WINNING CUSTOMERS

INVOICING & PAYMENTS GRADUATION, PLACEMENT & ALUMNI


Expanding customer base with key enterprise wins

Enterprise training institute specialising in globally-recognised engineering qualifications.
Enterprise Student Management System
Why we won
- As a dual sector education provider, EIT were seeking an SMS that could support both their Vocational and Higher Education students.
- EIT also sought a platform that would support the organisation's growth ambitions over the coming years.
- ReadyTech's excellent customer experience reputation was a major influence on the decision to select JR Plus.
State Training Authority
Largest State Training Authority (STA) in Australia that regulates the apprenticeship system for NSW.
VET Administration Records System
Why we won
- Required an experienced and capable enterprise provider that could digitally enable a Ministerial initiative critical to COVID-19 recovery and quickly adjust to changing VET needs.
- Attraction to off-the-shelf offering that Ready STA provides for State Training Authorities.
- Specialist experience working with Skills Canberra was key in being chosen as the preferred supplier following a formal procurement process.
Enterprise
Australia's largest employment services provider, delivering opportunities for individuals and employers.
Student Management System
Why we won
• An established and highly trusted enterprise
• Proven ability to optimise student experiences and support MAX Australia's digital strategy moving from an on-premise SMS to a true-
- technology provider.
- cloud, enterprise SMS.
- Deep industry expertise and proven ecosystem.


capability/product set that can deliver on the need for a more integrated technology


Revenue and earnings both growing strongly
Revenue growth of 17.3% to $31.0m on a like-for-like** basis, driven by substantial new business and upsell of partner learning management system. Revenue contribution of AVAXA was $1.7m.
Average revenue per new customer of $45.8k (FY21: $38.8k).
Continued growth expected through high value qualified leads in Education and Work Pathways sectors.
Strengthening recurring revenue base of $26.2m (+16.1% YoY growth) driven through successful customer engagement.
| $ MILLIONS | ||||
|---|---|---|---|---|
| FY22 | FY21 | YoY % growth | ||
| Revenue | 31.0 | 24.9 | 24.5% | |
| Like-for-like* revenue | 31.0 | 26.4 | 17.3% | |
| EBITDA | 13.8 | 11.6 | 19.0% | |
| EBITDA margin % | 44.5% | 46.6% |
Highlights
**Like-for-like compares revenue contribution from FY22 acquisitions of AVAXA against respective prior corresponding periods.
ReadyTech increases its FY26 organic revenue target to over $160m which incorporates the expected contribution of IT Vision.


Long term outlook Well positioned for continued growth
FY23 outlook
Before the contribution of IT Vision, for FY23 ReadyTech expects:
- Organic revenue growth in the mid-teens.
- $2.0m incremental revenue contribution of FY22 acquisitions.
- EBITDA margin in the range of 35% to 36%, excluding the impact of LTIP.
IT Vision 11-month contribution in FY23 is projected to be $12.6m at an EBITDA margin of 22%-24%.


Key take-outs

ROBUST & GROWING BUSINESS PIPELINE
Sizeable new business high conviction pipeline of $25.0m annualised subscription and implementation fees, with expanding number of enterprise opportunities across all segments.
PRODUCT-MARKET FIT FOCUSED ON ENTERPRISE
Investment in R&D continues to be strong at 32.5% as a percentage of revenue, with core focus on product alignment to large and enterprise customers.

5 YEAR OUTLOOK
Well positioned to achieve an organic revenue target of over $160.0m by FY26.
Focus on strategic hires across sales and marketing, product customer onboarding to underpin next phases of growth and scaling – invested in 42 brand new roles FY22.
INVESTMENT IN TALENT TO UNDERPIN FUTURE GROWTH
Strategic acquisitions of IT Vision, PhoenixHRIS, AVAXA and Open Windows strengthening our market position/ reputation, product-market fit and customer base across all the segments.


CONTINUED SUCCESSFUL


EXPANSION OF CHANNEL

Focus on channel partner network strategy to deliver new means of driving customer acquisition and revenue, customer referrals, and support for scaling of customer onboarding.


This presentation has been prepared by ReadyTech Holdings Limited for professional investors. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular need of any particular person.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in the presentation. To the maximum extent permitted by law, none of ReadyTech Holdings Limited, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.
Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance.
The distribution of this document is jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe such restrictions



Disclaimer
For more information:
Ronn Bechler Automic Group t. +61 400 009 774 e. [email protected]
About ReadyTech
ReadyTech is a leading provider of mission-critical SaaS for the education and training, workforce management, government and justice sectors. Bringing together the best in people management systems from students and apprentices to payroll, employment services, and community engagement, ReadyTech creates awesome technology that helps their customers navigate complexity, while also delivering meaningful outcomes. To learn more about ReadyTech's people-centric approach to technology, please visit readytech.io.

