1 collaborative consumption creating trust. delivering ... · “collaborative economy.” globe...
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1
Collaborative Consumption
Creating Trust. Delivering Value
Chris Noone
Chief Executive Officer
November 2014
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2 Qanda Technology Snapshot
Overview:
A leading developer of collaborative consumption and online marketplaces
Position:
First mover advantage in key markets poised for explosive growth
Difference:
Marketplace platform for matching demand and supply can be scaled across multiple product categories
Growth:
Pursuing a dual acquisition and organic growth strategy
Vision:
Be the leading ASX-listed company disrupting traditional business through collaborative consumption opportunities
DriveMyCar Feb 2014 MarketBoomer (43.3%) Rentoid May 2014 Caramavan Oct 2014
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3 Corporate Snapshot
ASX Code: QNA
Ordinary Shares on Issue 1 3,112m
Listed Options (QNAO,
$0.002, 30/04/17) 1 1,133m
Market Cap (@ $0.002) 1 $6.2m
Cash at 16 Nov 20142 $0.65m
Shareholding breakdown Directors & Senior Management
Chris Noone – CEO and Director
Adrian Bunter – Non-Executive Director
Domenic Carosa – Non-Executive Director
Nathan Gyaneshwar – Executive Director
(Marketboomer division CEO)
Business Divisions Snapshot
DriveMyCar Rentals Collaborative Consumption Marketplace
Caramavan Collaborative Consumption Marketplace
Rentoid Collaborative Consumption Marketplace
Marketboomer Hotel eProcurement Marketplace
1 Shares and options on issue and closing price on 14 November 2014 2 Prior to completion of the SPP which closes on 21 November 2014 and is
seeking to raise $0.25m before costs.
1 Based on shares and options on issue on 14 November 2014 and adjusted to
include all options proposed to be granted following the 2014 AGM and
completion of a consolidation of capital on a 1 for 10 basis. 2 Does not include shares to be issued under the SPP.
After Proposed Consolidation
Ordinary Shares on Issue 1,2 311m
Listed Options (QNAO,
$0.02, 30/04/17) 1 113m
Resolution to change name to Collaborate Corporation Limited (ASX:CL8) to be voted on at AGM
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4 What is Collaborative Consumption?
Peer-to-Peer
Marketplace
Matches owners & renters
Secure payments
Trust & reputation profiles
I need to rent a car
for 2 months
I have a spare car
that can be rented
Collaborative Consumption is disrupting the
discovery of goods and their monetisation
Old Market
Paradigm
Not easy to find customers
No easy payment method
Cannot establish trust
Collaborative consumption or ‘peer-to-peer’
marketplaces enable:
Owners: To monetise
under-utilised assets
Renters: To access goods + services only when
required and at low cost
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5 Collaborative Consumption – Global Mega Trend
“The collaborative economy
provides new possibilities in
partnerships that can
enhance existing business
and brand initiatives or
create entirely new ones.”
Forbes, US
“Sharing with peers has become a new
way to live well for less with access
over ownership (and all its resulting
obligations, costs and responsibilities)
valued highly”
India Times, India
“Open, collaborative economy
will create a real disruption for
businesses”
Guardian, UK
“One trend will tower above them
all: the movement of business and
consumer activity toward the
“collaborative economy.”
Globe & Mail, Canada
“A global paradigm shift that
unlocks the wealth of the
things around us”
ABC, Australia
“Collaborative consumption is the megatrend that is
swallowing Silicon Valley” - Fortune, US
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6 Notable Funding Examples
Cars Accommodation Tasks Transport
Airbnb’s $10bn valuation & Uber’s $17bn valuation demonstrate
demand and prospects for collaborative consumption companies
Raised US$826M
Valuation $10BN
Raised US$90M
Raised US$52.5M
Raised US$19M
Raised US$1.5BN
Valuation US$17BN
Raised US$332M
Raised US$37.7M
Raised A$3.4M
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7 The Value of Trust & Reputation
The company that will dominate the peer-to-peer market will be the one that adds the most ‘trust’ to its marketplaces
Qanda builds trust in its peer-to-peer marketplaces by adding security and developing a deep understanding of its customers and their reputation
Marketplaces with high reputation customers and high levels of trust will encourage the monetisation of more assets and will be able to charge more for their services
Qanda aims to ‘dominate trust and reputation’
More assets
available for
monetisation
Increase in
transaction value
Insurance
Secure payments
ID verification
Credit checks
Comments & feedback
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8
Identity verification
Credit reports covering 16.4 million Australians
Secure online payments
Fleet Insurance
Building Trust & Reputation
Qanda is at the forefront of building trust and verifying online reputation with its own Reputation Platform and
partnerships with leading industry providers
Through Trust & Reputation Qanda aims to monetise idle
assets in multiple product categories
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9 The Opportunity
Market Opportunities
Collaborative consumption megatrend in Australia and globally
Disrupt multiple markets while monetising idle
capacity
$ Billion plus valuations for early movers –
Airbnb, Uber and Lyft
How Qanda is addressing
the opportunities
Opportunity to own marketplaces in key product categories
New segments can be launched via organic
development or select acquisitions
Develop industry standard ‘reputation platform’ to
access active users when launching new categories
Secure sustainable competitive advantage by
acting as discovery, payment and identity
intermediary
Generate cost savings, synergies and new revenue
streams
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10 DriveMyCar – Connecting Drivers & Owners
Owners
(Car Owners list their cars)
Receive 80% of the rental fees - up to
30% of the value of the vehicle in rental income per annum
Growing supply of vehicles
Main focus for development
Renters
(Drivers search and rent cars)
Up to 57% rental savings with
comprehensive insurance and 30% lower excess costs
Strong demand and growing F
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11 Validated Business Model
Platform connects drivers with car owners
Over 4,000 rentals processed to date
Monetises unused capacity of private
vehicles
$6m+ of gross rental transactions
Generates revenue from rental fees (no vehicle
assets owned)
150,000+ rental days delivered
Comprehensive insurance policy
provided for DriveMyCar
Insurance locks users into the platform
Demand has exceeded supply to date
20% - 57% savings versus car rental
companies
Highly scalable
Vehicles can be located anywhere
Footprint across Australia with
12,000+ registered drivers & owners
Proven business model ready for
significant expansion
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12 Clear Gap in the Market for Mid-Term Rentals
Price
Rental
Duration
Large potential customer
base with limited competition
1 hr-1 day 1 day-1 week 1 week – 1 year 1 year+
Car Share Car Rental Market Gap – DriveMyCarRentals Leasing
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13 Matching Demand & Supply
Drivers (demand)
• Cost effective access to cars
• Wide range of choice
• Upgrade frequently
• Flexible options
• No long term commitment
• Lower operating costs/high value
• Low upfront costs
Owners (inventory / supply)
• Business opportunity
• Underutilised cars are lazy assets
• High holding cost of cars
• Unable to sell vehicle(s)
• Financial stress
• Long term holidays
• Deployed workforces
• Loss of licence
• Matches drivers with owners
• Manages payments
• Performs identity and credit
checks
• Manages reputation profile
• Insurance coverage & 24/7
roadside assistance
• Acquires new drivers and
owners via marketing
• Provides rental agreement
• Builds trust in the platform
DriveMyCar has disrupted an existing market by
monetising under-utilised vehicles
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14 Growth Initiatives
August 2014 November 2014 Update
Accelerate development of reputation platform to enhance trust
between users and increase propensity for transactions
Implement e-signing, online ID and credit history checking
Website design refresh and functionality improvements
Secure bulk supply of vehicles
Development commenced Sep 2014
Agreements signed with D&BgreenID and Veda
Development commenced Sep 2014
Agreement signed with Interleasing Oct 2014
Provide improved insurance offering that enables owners to
cancel their existing policies
Target higher end corporate rentals
Launch mobile application for booking and inspection reports
Increase brand marketing, PR and social media
Insurance provider scheduled launch for Jun qtr 2015
Sales campaign scheduled Mar qtr 2015
To follow launch of new DriveMyCar website in Mar qtr 2015
To commence after launch of new DriveMyCar website
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15 Caramavan
Acquired by Qanda in October 2014
Currently scaling operations and exploring partnerships with member-based organisations and tourism bodies
Scout Program launched
ID verification & Credit checks to be implemented
Rent real caravans from real people across Australia.
Share a unique holiday experience with Caramavan.
It’s Airbnb for caravans
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16 Rentoid
Australia’s largest online rental marketplace for anything
Acquired by Qanda in May 2014
Qanda will utilise the reputation platform to enhance the credentials of the site
The marketplace will be optimised and back end operations merged with DriveMyCar to unlock cost savings and marketing synergies F
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17 Marketboomer (43.3% ownership)
Acquired by Qanda in 2009
Hotel eProcurement Platform
Hotel customers across SEA
Provides enterprise procurement platform, Purchase Plus and online supplier catalogue
Developing Accounts Payable Automation features and Invoice Financing opportunities
Hotel locations
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18 New Product Categories
Motorhomes Caravans Storage Services
Qanda uniquely possesses the technology, market knowledge,
marketing expertise and customer bases to scale operations into new
collaborative consumption markets
A$3bn p.a retail A$182m p.a rental A$741m p.a A$100bn+ p.a
Acquired
Caramavan
October 2014
Acquired
Caramavan
October 2014
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19 2014 Highlights
February Acquired DriveMyCar Rentals – Australia’s leading peer-to-peer car rental marketplace
May Acquired Rentoid.com - Australia's largest online rental marketplace for household and hardware items
August Appointment of Chris Noone, CEO and Domenic Carosa, Non-Executive Director
September Commenced re-development of DriveMyCar website
October
DriveMyCar Rentals Trading Update for July – September 2014
• Net rental days 71% above Jul – Sep 2013
• Net rental days 40% above April – Jun 2014
Acquired Caramavan.com – peer-to-peer caravan rental marketplace
McMillan Shakespeare Group (ASX:MMS) Interleasing division signed strategic agreement with DriveMyCar Rentals to
enable rental of ex-lease vehicles. Provides significant scalability opportunities
November
Announced agreement with Edentiti enabling online identity checking via D&BgreenID and Veda credit checking
Annual General Meeting Proposals
• One for ten (1:10) share consolidation
• Name change to ‘Collaborate Corporation Limited’
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20 12 Month Growth Plan
Qanda Technology
Significant opportunity to establish leadership across multiple product categories
Develop cross-category Reputation Platform
Launch into new product categories – motorhomes, caravans, parking, storage etc
Seek suitable acquisitions
DriveMyCarRentals
Optimise owner and renter registration processes
Launch superior insurance offering
Launch above-the-line marketing campaign
Grow supply through further strategic relationships
Rentoid
Optimise and cross-promote to deliver scale
Aim to multiply user
base + revenues.
Secure sustainable
competitive
advantage Caramavan
Scale and secure cross-promotional relationships
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21 Qanda Technology Board
Chris Noone – Chief Executive Officer and Director
With one eye on the consumer and another on the balance sheet, Chris has led the development, launch and
optimisation of many innovative companies that have helped define today’s digital market in Europe, Asia &
Australia including Hasbro Interactive, Vodafone and ninemsn. Chris has also co-founded a number of start-up
businesses that delivered disruptive online products.
Domenic Carosa – Non-Executive Director
Extensive experience in technology and ASX-listed companies including growing destra to revenues of over
$100M. Domenic also built Australia’s second largest virtual web hosting/domain companies which he sold for
A$25m in 2005-06. Chairman of the Future Capital Development Fund, a boutique fund specialising in internet
upstarts. Domenic is also Non-Executive Director of Shoply Limited (ASX:SHP).
Adrian Bunter – Non-Executive Director
Adrian is an experienced technology, media and telco sector executive in the Asia Pacific region. Adrian is an
executive director of Venture Advisory and spent 16 years with PwC specialising in accounting, audit,
debt/equity raisings, mergers and acquisitions and strategy development and execution. Adrian has significant
experience with high growth and disruptive businesses and is a Non-Executive Director of 8common Ltd
(ASX: 8CO).
Nathan Gyaneshwar – Executive Director and CEO of Marketboomer business
Nathan co-founded Marketboomer and has sound experience in creating, growing and managing a
multinational business operation, customer base and team. Prior to establishing Marketboomer in 1997 he
worked for one of the largest Hotel groups in the world where he built specialist expertise in the areas of cost
control and procurement.
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22 Summary
Technical capability to be a unified reputation platform for collaborative consumption
Qanda is capitalising on global megatrend of collaborative consumption
Key asset DriveMyCar is highly differentiated in car rental market
Compelling value proposition for matching supply with demand across multiple categories
Leading precedents with Airbnb, Uber, and Lyft can be emulated
Reputation platform provides foundation for sustainable competitive advantage
Over $6m transacted from 4000+ rentals with considerable room for growth
Experienced entrepreneurial team with expertise in internet, mobile and marketing
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23 Thank You
Participate in the future of consumer
transactions
Contact:
Chris Noone
0410 550 485 For
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