RAS Technology (RTH) AGM 2024 Presentation summary

Vision and strategic direction

• Aims to be the global leader in data, analytics, and technology for wagering and racing industries.

• Strategic focus on product development and international market expansion.

• Partnership with Waterhouse VC to accelerate global growth and leverage industry expertise.

Financial performance and growth

• FY24 group revenue reached $16.2 million, up 38% year-over-year, with ARR at $18.9 million, up 43%.

• EBITDA improved to $1.9 million, and first net profit before tax since listing at $187k.

• FY25 YTD (to October 2024) revenue at $6.8 million (+35%), ARR at $18.2 million (+21%).

• Operating cash flow for FY24 was $2.3 million, with cash balance stabilizing at $8.3 million.

• Revenue and ARR have more than doubled since FY22, with three consecutive years of ~40% revenue growth.

Business highlights and key deals

• Secured major deals with Stake.com, Pragmatic Play, Playbook Engineering, and PointsBet.

• Expanded agreements with Entain AU/NZ, Tabcorp, Bet365, BetFair, SportsBet, VRC, and RWWA.

• Launched proprietary Managed Trading Service and Complete Racing Solution.