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RECKON LIMITED Investor Presentation 2012

Jun 13, 2012

Investor Presentation

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June 2012

2011 Revenue: $91m
2011 EBITDA: $33.1m
350 employees across 4 key geographies (AU, NZ, UK & US); includes development team of 90
Strong Customer Base
- +700,000 Registered SMBs
- +200,000 Registered Personal Customers
- +7,000 Accountant clients
- +1,000 Legal Clients
Three core divisions:
- Business Division (targeting SMBs, Accountants & Consumers): $56m revenue in AU/NZ
- Professional Division (targeting Accountants): $26m revenue in AU/NZ/UK
- nQueue Billback (targeting Legal professionals): $9m revenue in UK/US

Business Division (targeting SMBs, Accountants & Consumers)

Continued Growth in SME products particularly subscription
Retail conditions continue to be hard, but no longer significant portion of business
Other products tracking well including NZ, Company Secretarial & Elite
QuickBooks Hosted and Enterprise continue high levels of growth
40% of products sold are sold on a subscription basis
Rebranding project moving away from QuickBooks product name in progress

Professional Division (targeting Accountants)

Continued strong wins of new business in all countries
APS cloud has been introduced with significant opportunity
Continued growth in maintenance revenue
Integrated product strategy continues to gain momentum
nQueue Billback (targeting Legal professionals and expanding into commercial markets)
UK turnaround last year has been maintained
US continues to add clients in a tough market