ReadCloud : Investor Presentation

nal use only

ReadCloud Limited

Company Presentation

13 July 2022

onlyREADCLOUD IS A MARKET LEADER IN DIGITAL CONTENT DELIVERY TO SCHOOLS IN AUSTRALIA

We deliver the school curriculum and VET-in-

Schools content and assessments digitally

use	ReadCloud is a highly scalable SaaS
platform and is integrated from
publisher to student
Our product provides sophisticated
nal	collaborative learning tools and is well placed
for both in-school and remote learning settings
2

KING'S INTERHIGH AGREEMENT

First overseas eBooks

Solutions deal

only	Four-year agreement to
	become the exclusive provider
	of eBooks to the parents of
	around 4,000 students
	Provides an additional
usenal	revenue channel
King's InterHigh is part of the
	Inspired Group, which provides
	education to over 55,000
	students worldwide

READCLOUD LIMITED	3

READCLOUD ADDRESSES A LARGE AND GROWING MARKET

2,816 secondary schools with

1.76 million students

lyno	Secondary education market
	is consistently growing
	ReadCloud also operates in the
	VET-in-schools market, which is provided
use	to year 11 and 12 students
ReadCloud has a strong foundation
	in the market to leverage
nal	Sector well supported by State
and Federal Governments

TOTAL AUSTRALIAN SECONDARY STUDENTS*

1,800,000

1,750,000

1,700,000

1,650,000

1,600,000

1,550,000

1,500,000

1,450,000

1,400,000

1,350,000

1,300,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

* Source: Australian Curriculum, Assessment & Reporting Authority	4
READCLOUD LIMITED

READCLOUD'S MARKET OPPORTUNITY

1.7 million students in	241,000
students in
	2,816 secondary
	VET-in-school
schools in Australia2
courses1
only		ADDRESSED BY
ReadCloud eBook	ReadCloud Vocational Education
	solutions	& Training-in-schools
• The full-curriculum eBooks (maths,	• 241,000 school students took VET
	english, science etc.)	courses in 20201, implying nearly 1 in
• We estimate a market size of $170	2 senior students in years 11 and 12
study VET courses
use	million (conservative estimate $100 per	• With VET in secondary school courses
student p.a. for learning resources)
	costing approximately $250-300 per
	course per annum, ReadCloud
nal		estimates it is a $60-75 million industry

1. N tional Centre for Vocational Education Research - VET in Schools 2020 report (up from 60,000 students in 1996) 2. Australian Curriculum, Assessment & Reporting Authority

3.9 million students enrolled in VET courses with 3,519 training providers in Australia

Broader

VET market

• Digital distribution agreements with leading VET course publishers delivering course materials to VET students in Universities, TAFEs and Registered Training Organisations (RTOs)
• The ReadCloud SaaS Platform is designed to support the Broader VET market

READCLOUD LIMITED	5