For personal use only
FY21 Annual General Meeting
Update image and content
Edward Chung
Chief Executive
1
Disclosure Statement
TechnologyOne Ltd Annual General Meeting - 23 February 2022
Technology One Ltd (ASX: TNE) today conducted its Annual General Meeting at the Brisbane Convention & Exhibition Centre. These slides have been lodged with the ASX and are also available on the company's website: www.TechnologyOneCorp.com
The information contained in this presentation is of a general nature and has been prepared by TechnologyOne in good faith. TechnologyOne makes no representation or warranty, either express or implied, in relation to the accuracy or completeness of the information. This presentation may also contain certain 'forward looking statements' which may include indications of, and guidance on financial position, strategies, management objectives and performance. Such forward looking statements are based on current expectations and beliefs and are not guarantees of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of TechnologyOne. TechnologyOne advises that no assurance can be provided that actual outcomes will not differ materially from those expressed in this presentation.
This presentation includes the following measures used by the Directors and management in assessing the on-going performance and position of TechnologyOne: Profit before tax - Underlying, EBITDAR, EBITDA, EBIT, ARR, Churn, Cash Flow Generation. These measures are non-IFRS under Regulatory Guide 230 (Disclosing non-IFRS financial information) published by the Australian Securities and Investment Commission and have not been audited or reviewed.
ARR (Annual Recurring Revenue) was previously referred to as ACV (Annual Contract Value).
2
1
For personal use only
Agenda
- Results & Significant Achievements
- Outlook for Next Year
- Long Term Outlook
3
Record
NPBT of
Guidance provided was Net Profit
4
2
For personal use only
SaaS
to drive our $192.3m
Outlook for
FY22 is
Discussed later in more detail
5
FY21 - Very Strong Result
Continue to unwind our traditional Legacy Licences
Legacy Licences1 of $16.8m, down 38% ($10.8m) as planned
$11m immediate P&L reduction in FY21
Legacy Licence also referred to as Initial Licence, Perpetual Licence or On Premise Licence. $16.8m in FY21 was ~$75m at its peak a few years back
6
3
use only
Our future state business expected to grow at 15%+ pa
$500m+
Total Revenue | $311m | Revenue - SaaS & Continuing |
Business up 15%+ pa | ||
$294m | Revenue - SaaS & Continuing | |
Business up 9% on prior yr |
$75m
$43m
$28m | $18m | |||||||||
FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | ||
Legacy Licence Business | SaaS and Continuing Business | Total Revenue |
7
For personal
Compelling value proposition of TechnologyOne Global SaaS ERP
One global | Massive | 2 releases each | 8 active data | Defence- |
code line | economies | year providing | centres | in-depth |
of scale | new functionality | security |
Always on | Always on | Fast migration | Customers save | Take-on |
the latest | the latest | for existing on- | 30%+ on their | additional |
release | technology | premise customers | total cost | products quickly |
- TRC's seamless move to SaaS allowed it to harness more advanced software features including automation and self- service.
That means we can eliminate a lot of manual processes that take up so much time. It's an efficiency gain for the community: we can deliver services faster. "
Tablelands Regional Council
Making
life simple
for our
customers
8
4
For personal use only
$145m ARR Runway moving on-premise to SaaS by FY26
We expect | SaaS ARR vs on-premise | ||||||||||||||||||
90%+ | |||||||||||||||||||
$145m+ | |||||||||||||||||||
of on-premise | SaaS | ||||||||||||||||||
to move to | ARR from | ||||||||||||||||||
SaaS by FY26 | Existing on- | ||||||||||||||||||
$155.8m | $192.3m | premise | |||||||||||||||||
% of on-premise customers | $134.6m | Customers | |||||||||||||||||
$110.2m | |||||||||||||||||||
% of SaaS customers | 82.7m | $101.7m | |||||||||||||||||
SaaS ARR | $59.3m | $70.7m | |||||||||||||||||
$35.4m | $50.7m | ||||||||||||||||||
$14.3m | $15.5m | $24.5m | |||||||||||||||||
H2 | H1 | H2 | H1 | H2 | H1 | H2 | H1 | H2 | H1 | H2 | H1 | H2 | |||||||
FY15 | FY16 | FY16 | FY17 | FY17 | FY18 | FY18 | FY19 | FY19 | FY20 | FY20 | FY21 | FY21 |
9
Quality of SaaS Revenue is very high
Recurring contractual nature, combined with our very low churn rate of ~1%
Today, 90% of Revenue is recurring
Target is 95% of Revenue recurring by FY27
Based on FY21 opening ARR ($221.9m) as percentage of total revenue excluding Consulting Revenue, which follows from business wins ($312m - $64.5m = $247.5m). Recurring subscription revenue includes SaaS Fees and Annual Licence Fees
10
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Technology One Limited published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 00:28:03 UTC.