26 Nov

Investor Presentation

Investor Presentation November 2021 | ASX: AO1 November 2021 AssetOwl + Pirsee Investor Presentation 1 AssetOwl Ltd (ASX: AO1) Investment Highlights Future roadmap ? Queensland, NSW entry targeted H1 CY 2022 ? New Zealand entry targeted H2 CY 2022 ? New revenue streams – self - managed market/ AirBnB , data migration service ? Long term opportunities: provision of depreciation reports for owners, financial institutions 2 2021 Achievements ? Product ready to scale – signed customers increased from 2 to 35 agencies over 8 months ? Rapid WA take - up: WA customers represent ~ 8% of agent managed properties (1) ? New Word/PDF data migration capability unlocks potential new revenue stream ? Victoria entry November 2021 AssetOwl + Pirsee Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Note: 1. ABS 41300, Table 17, 2017 - 18. Assumes 33% of private rental properties are owner managed Tenancy stakeholders Australian rental market ? There are ~ 2.5 million rentals in Australia, worth ~ $1.5 trillion ? Property inspections are the cornerstone of rental agreements ? Tenants are monitored via inspections ? Inspections create friction between all parties Property inspections are central to the property industry November 2021 AssetOwl + Pirsee 3 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Tenancy Property inspections Property managers Agency principals Property owners Property inspections create pressure for real - estate agents. They are time - intensive, uneconomical and create disputes. Notes: 1. Rental numbers from ABS 41300. 2. Median property price ‘ Australian property prices are $103,400 higher than last year, CoreLogic says’ - ABC News Current inspection tools fail to address key stakeholder concerns 4 November 2021 AssetOwl + Pirsee Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Problem / Challenges Property managers High stress role. Inspections painstaking. Tenant relationship challenging - court disputes Agency principals Business development – how to grow their rent roll. Human resources – maintaining staff morale Property owners Owners unable to access their properties. Owners anxious about level of property deterioration Tenants Property inspections are time consuming and intrusive. High risk of dispute with real estate agencies Pirsee creates a photo - centric and comprehensive inspection report. What is AssetOwl’s ‘ Pirsee ’ platform? Pirsee digitises the property inspection process November 2021 AssetOwl + Pirsee 5 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Pirsee improves report quality, enhances data security, and reduces the risk of bond disputes. Delivers time savings of 50% - 75% for entry inspections (1) Streamlines entry, routine and exit reports. Tenants review and sign digitally. Tool accessible on any device i.e mobile and tablet apps, Apple and Android devices. Notes: 1. Thorp Realty Pirsee’s technology disrupts inspections and will underpin future market leadership 6 November 2021 AssetOwl + Pirsee Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Feature description Benefit Data migration AssetOwl digitises paper based inspection reports ? Historic reports accessible ? No need for manual input of old reports Exit inspections PMs review past reports/ finish inspections all on their phone ? Significant time savings ? Paper inspections redundant Data syncing Live syncing. Multiple users can work on the same property simultaneously ? Time savings ? Enhanced data security Panoramic photos PMs able to take 360 degree photos, and create ‘virtual tours’ ? Productivity gains ? Reduction in disputes 2021: Accelerating uptake ? WA customers collectively manage ~ 12,000 properties, ~ 8% agent managed properties ? Accelerating customer sign - up 2021: Delivering value ? Time savings on inspections ? Positive owner feedback ? Anecdotally, reduced likelihood of dispute 2021: Achieving milestones, delivering value November 2021 AssetOwl + Pirsee 7 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 2021 Product milestones ? Victorian entry ? New features release ? Extensive customer feedback actioned 1 2 3 Pirsee delivers significant value November 2021 AssetOwl + Pirsee 8 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 1 Estimated annual savings ($) – Mid size agency – Entry inspections Entry Inspections pa 400 Hours saved pa (2 hours saved per inspection) 800 GROSS SAVINGS PA (@ $40 per hour) 32,000 Less annual Pirsee fees (250 - 500 properties) 3,120 Less camera/tripod costs (assumes 4 cameras/tripods) 3,000 (6,120) NET SAVINGS $ PA 25,880 Customer insights (Western Australia) ? Entry inspection for a 4 bedroom house used to take 4 - 5 hours with old inspection tool ? Pirsee drives a 50 - 75% time saving in the field relative to previous tool ? Does not include back office savings Customer overview ? Two Victorian agencies ? 33 WA agencies ~ 12,000 properties, approx 8% of the professionally managed market ? Average customer size ~ 380 properties ? Mix of boutique and major branded franchises Pirsee roll - out is gaining traction November 2021 AssetOwl + Pirsee 9 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 2 Notes: 1. ABS 2018. Assumes 33% of private rental properties are owner managed Licenced customers, 24 November 2021 (Real estate agents) AssetOwl’s development program drives its technological edge November 2021 AssetOwl + Pirsee 10 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 3 2021 2022 Property Tree integration Leading trust accounting tool used by ~ 3,500 agencies Exit feature Market leading feature. PMs can complete Bond Inspections on their mobile Victoria Platform Victoria compliant. First Victorian trial customers Sync protocol upgrade New sync protocol under development PMs can provide owners with a virtual tour of their property Owners portal Inspection agents now ring - fenced from real estate agents. Enhanced security Inspection agent protocol inspector360 rebranded ‘Pirsee’ Pirsee rebranding Data migration service goes live. Acceleration of customer trial process Word/PDF inspection migration Critical capacity upgrades Infrastructure capacity expansion New revenue streams ? H2 CY2022: focus on building market share ? Target New Zealand expansion ? Entry into ‘self - managed’ and AirBnB markets ? Commercialising data migration East coast expansion ? Qld entry targeted Q1 CY2022 ? NSW entry targeted Q2 CY2022 ? Expansion to be underpinned by sales manager hire AssetOwl is ready for national roll - out, and is targeting ambitious future expansion November 2021 AssetOwl + Pirsee 11 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Leveraging data capability ? Complete Australian role out ? Potential expansion into British Commonwealth countries ? Leverage unique data base: develop degradation reports to support owners Jan - Jun 2022 Jun - Dec 2022 Jan - Dec 2023 Data Migration ? Rent rolls are commonly traded. Data integration is a significant challenge ? Digitisation of inspection reports means that acquired records are secure and available for use ? Data consolidation of rent rolls is a potential revenue opportunity Pre - settlement Inspections ? Purchasers of apartments typically conduct pre - completion inspections ? Virtual tours of these apartments would be valued by investors who can’t physically attend ? Average unit commencements (2018 to 2020) ~ 75,000 (2) Self - managed Segment ? Significant opportunity: over 800,000 owner - managed rental properties across Australia (1) ? The segment appears underserviced ? Unmet needs ? Opportunity for a platform with proven functionality AssetOwl will pursue a number of new revenue streams in 2022 November 2021 AssetOwl + Pirsee 12 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Notes: 1. ABS 2018. Assumes 33% of private rental properties are owner managed 2. ABS 8731 Building Approvals Australia Table 06, Private Sector Rental Market Size by Country (‘000 properties) (Number of Properties ‘000’s) November 2021 AssetOwl + Pirsee 13 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Overseas markets offer significant medium term growth options Inspection Manager Inspection Express Rentfind Inspector PIM Australia New Zealand South Africa United Kingdom Canada Notes: 1. Australian Properties: ABS 41300, Tables 13 - 19, 2018. 2. NZ properties: Statistics NZ 2019 3. South Africa properties: TPN (Tenant Profile Network) - South Africa credit bureau 4. UK properties: Office for National Statistics, 2017 5. Canada properties: Canadian Rental Housing Index, 2016 AssetOwl investment thesis ? Provides a non - discretionary service in a defensive industry (residential rental market) ? Fragmented market poorly served by existing products. Ripe for disruption ? Market leading product. Market leading technology focus ? Clear growth runway, short, medium and long term ? Clear value proposition AssetOwl investment highlights November 2021 AssetOwl + Pirsee 14 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 November 2021 AssetOwl + Pirsee 15 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Corporate snapshot Capitalisation table ASX Code: A01 Shares on issue * 816.2m Market Capitalisation @ 0.4¢/share* $3.3m * share price 17 November 2021 Board and Management Simon Trevisan Non - Executive Chairman Giuseppe Di Franco Executive Director / Chief Technical Officer Geoff Baldwin Non - Executive Director Geoff Goldsmith CEO Jeremy Laird Customer Success Manager Top 5 shareholders Shareholding % Tribis Pty Ltd (Trevisan related) 62.85m 7.7% Ogee Australia Pty Ltd 33.28m 4.1% NCKH Pty Ltd 33.28m 4.1% Yucaja Pty Ltd 23.23m 2.8% On the Cusp Investments Pty Ltd 17.00m 2.1% Top 5 Total 28.8% Total Number of Shareholders 924 Members of the Board and Management hold 82,493,976 shares (10.1% of ordinary shares on issue) Options on Issue (unquoted) Number Exercisable at $0.010 on or before 31 December 2023 13,250,000 Exercisable at $0.010 on or before 31 December 2024` 3,500,000 Exercisable at $0.016 on or before 31 December 2024 8,562,500 Exercisable at $0.012 on or before 30 June 2025 2,000,000 Exercisable at $0.012 on or before 31 December 2025 2,500,000 Exercisable at $0.024 on or before 31 December 2025 8,562,500 Total 38,375,000 Last 12 months’ share price and volume November 2021 AssetOwl + Pirsee 16 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Board and management Simon Trevisan Chairman ? Over 25 years’ experience in public and private investments, real estate, corporate finance and management of large public and private businesses. ? Managing Director of investment company Tribis Pty Ltd and residential property developer, Iris Residential Pty Ltd. Giuseppe Di Franco Executive Director (Chief Technical Officer & Co - Founder – AssetOwl Technologies) ? Before co - founding AssetOwl Technologies, had a working partnership with Google where he became one of the first members of the Australian Google Business View Program. ? Giuseppe leads the product and engineering teams developing the management platform. Geoff Baldwin Non - Executive Director ? 30 years experience in the real estate and property management sector. Licensee and owner of RE/MAX exchange. ? Former director and owner of Greatnet , a real estate technologies company. Mr Baldwin’s firm developed the first real estate property inspection software in Australia introduced Virtual Tour technology to the real estate industry in WA. Geoff Goldsmith CEO Management Board Jeremy Laird Customer Success Manager ? Jeremy leads the onboarding and training teams that work closely with the platform’s customers. ? Jeremy has worked across senior client account roles in Melbourne and Perth focussed across multiple technology streams. ? Diverse leadership experience in corporate and public sector (Australian Defence Force) in Australia and overseas ? 15 years service as an Officer in the Australian Army ? Domestic and international experience as a management consultant with leading global strategy firm Booz Allen ? Five years experience as a Planning and Business Development Manager at Boral Ltd Giuseppe Di Franco Executive Director (Chief Technical Officer & Co - Founder – AssetOwl Technologies) ? Before co - founding AssetOwl Technologies, had a working partnership with Google where he became one of the first members of the Australian Google Business View Program. ? Giuseppe leads the product and engineering teams developing the management platform. November 2021 AssetOwl + Pirsee 17 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Important Notice and Disclaimer This document is issued by AssetOwl Limited (ACN 122 727 342 ), (“ AssetOwl ”) to provide summary information about AssetOwl and its wholly owned subsidiary, AssetOwl Technologies Pty Ltd (ACN 601 135 282 ) (“ AssetOwl Technologies”), and their activities current as at the date of this document . The information contained in this document is of general background and does not purport to be complete . This document is not, and should not be considered as, an offer or an invitation to acquire securities in AssetOwl or AssetOwl Technologies (“ AssetOwl Entities”), or any other financial products and neither this document nor any of its contents will form the basis of any contract or commitment . This document is not a prospectus and does not contain all of the information which would be required to be disclosed in a prospectus . In particular, this document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States . Securities may not be offered or sold in the United States unless the securities have been registered under the US Securities Act of 1933 or an exemption from registration is available . Information about AssetOwl that may reasonably be expected to be known to investors and their professional advisers is publicly available and can be obtained from ASIC and ASX (including the ASX website at www . asx . com . au) . You are encouraged to read and consider this information . Neither AssetOwl Entity nor any of their respective officers, employees, related bodies corporate, affiliates, agents or advisers guarantees or makes any representations or warranties, express or implied, as to, or takes responsibility for, the accuracy or reliability of the information contained in this document . Neither AssetOwl Entity represents or warrants that this document is complete or that it contains all material information about the AssetOwl Entities or which a prospective investor or purchaser may require in evaluating a possible investment in the AssetOwl Entities or acquisition of AssetOwl securities . Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or the future . The AssetOwl Entities have not carried out due diligence investigations in connection with the preparation of this document . You must conduct your own independent investigations and enquiries as you deem fit . The information set out in this document does not constitute or purport to be a recommendation by the AssetOwl Entities nor their respective officers, employees, agents or advisers and has been prepared without taking into account the objectives, financial situation or needs of individuals . The information in this document does not constitute financial product advice (nor investment, taxation or legal advice) . To the maximum extent permitted by law, the AssetOwl Entities and each of their respective directors, employees, officers, affiliates, agents and advisers expressly disclaim any and all liability (including without limitation for negligence) for representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any historical financial information, any estimates or projections and any other financial information derived therefrom . In particular, this document does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of an AssetOwl Entity . This document contains certain forward - looking statements and opinion which are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of the AssetOwl Entities . Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast . All figures in this document are in Australian dollars (AUD) unless stated otherwise . November 2021 AssetOwl + Pirsee 18 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Contact Simon Trevisan +61 8 9424 9320 simon.trevisan@assetowl.com Geoff Goldsmith +61 8 9424 9320 geoff.goldsmith@assetowl.com Sean Meakin +61 8 9424 9320 companysecretary@assetowl.com.au Tim Dohrmann +61 468 420 846 tim@nwrcommunications.com.au Chairman CEO Company Secretary Investor and Media Enquiries November 2021 AssetOwl + Pirsee 19 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Appendix: Pricing Model ? Monthly licence per real estate agency, with fee level dependent on number of properties under management ? Unlimited users for each subscription ? Unlimited property inspections. No data caps ? Full resolution photos ? One month complimentary trial ‘ Pirsee ’ Pricing 2021 ($ per month ex GST) #Properties Price #Properties Price 0 - 100 80 1,001 - 1,500 600 101 - 250 130 1,501 - 2,000 700 251 - 500 260 2,001 - 3,000 800 501 - 750 390 3,001 - 4,000 900 751 - 1,000 500 4,001 - 6,000 1,000 6,001 - 8,000 1,100 November 2021 AssetOwl + Pirsee 20 Level 14, 225 St. Georges Terrace, Perth, Western Australia 6000 Appendix: industry feature comparison Feature Pirsee Inspection Manager Inspection Express Rentfind Inspector Advantage Capture page Yes No No No • Single interface for property managers drives faster inspections 360 Panorama capture Yes No No No • Panoramic photos integrated into legislative reports, and can be used as evidence Owner’s Portal Yes No No No • Provides real estate agents an ability to share up - to - date property ‘Panoramas’ with property owners Live video on remote inspections Yes No No No • Property managers guide tenants on remote inspections Data migration Yes No No No • Customers will see past inspections. AssetOwl responsible for data migration Security - ISO accreditation Yes No No No • ISO27001 accreditation provides additional assurance for data security Live syncing Yes No No No • Data syncing across multiple devices Key tracking No Yes Yes No • Pirsee to incorporate H1 CY22 Customizable reports No Yes No No • Under development for Pirsee Source: 1. Website review, Nov 2021

More from AssetOwl Limited


Join Listcorp to create a personalised news feed, follow your favourite companies, save useful news, and more.

By joining Listcorp you agree to our Terms & Conditions and Privacy Policy

Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from AssetOwl Limited (ASX:AO1) when you join Listcorp.