Investor Presentaiton
FY22 OUTLOOK
The business is well positioned for growth when trading conditions improve as the travel industry recovers.
The Booking.com for Business customer migration is anticipated to have a materially positive impact on our revenue for
FY22 financial year.
As at 30 April 2021, Serko had cash reserves and short-term deposits of $77.7 million. We believe these cash resources, at
the current rate of cash burn, will be sufficient to see the company through to cash flow breakeven should our anticipated
recovery scenario be achieved.
We will continue our rigorous focus on cash flow throughout the remainder of FY22, targeting an average monthly cash
burn of between $2 million and $4 million.
We continue to consider inorganic growth opportunities, aligned to strategy as and when they arise.
Subject to Covid-19 recovery, Serko considers it can achieve its $100m in Revenue target within the medium term but it has
been delayed during this Covid-affected year.
As industry recovery remains uncertain and the Booking migration is not yet complete, we are unable to forecast our likely
operating revenue for the 2022 financial year with any certainty but will continue to provide regular updates to the market.
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