Investor Presentaiton
For personal use only
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES
Cloud revenue growth of 6%
Servicing start ups, gig-economy, small and
medium sized businesses with accounting,
payroll, and business management tools
USERS
120K
Small Business Cloud User* Growth
Reckon R
CLOUD
REVENUE
Strong cash generating business with EBITDA
Margin of 55% and Adjusted EBITDA Margin (after
development costs) of 32% for HY23
110K
$25m
$23.7m
109k
100k
$20m
109k Cloud users (growth impacted by
discontinuation of free Payroll app in HY23)
90k
Continued uptake of Reckon Payroll products
across cloud and Mobile
80k
$15m
70k
Integrated Payments solution with Novatti
launched creating additional revenue
opportunities
60k
HY 23 affected by
discontinuation of
free Payroll app
$10m
50k
40k
30k
20k
Cloud revenue
growth 6% over
HY 22
$5m
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
HY 2023
LTM for Cloud
Revenue
58% of available SME Group revenue is cloud based for HY 2023
* Cloud users represent the number of users for all Business Group cloud products
including Reckon One, Reckon Mobile and Reckon Accounts Hosted
RECKON INVESTOR PRESENTATION HY 2023
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