External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

RPMGlobal Holdings Limited / Equity Bottom-Up

<ul><li>Profitable &amp; well-capitalised with strong organic growth potential.</li><li>EBITDA CAGR of ~50% (FY22-25e) as platform costs amortise over a growing base of high-margin subscription sales, supported by deep up/cross sell opportunities &amp; new product pipeline.</li><li>~$40m net cash, buy-back commenced May’22. Well-established enterprise mining software servicing Tier 1 customer-base.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Profitable &amp; well-capitalised with strong organic growth potential.EBITDA CAGR of ~50% (FY22-25e) as platform costs amortise over a growing base of high-margin subscription sales, supported by deep up/cross sell opportunities &amp; new product pipeline.~$40m net cash, buy-back commenced May’22. Well-established enterprise mining software servicing Tier 1 customer-base.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

RPMGlobal Holdings Limited

RPMGlobal (ASX:RUL) - Investment Summary