Sections
| Title | Starting Page | Number of Pages |
|---|
| Overview | 1 | 1 |
| Business model | 1 | 1 |
| Improved commercial execution in H2 FY26 extends to Q1 | 1 | 1 |
| Base-case DCF valuation remains at $0.18/share | 1 | 1 |
| Table/Chart: Historical earnings and RaaS’ forecasts (in $A unless otherwise stated) | 1 | 1 |
| Table/Chart: Share Details | 1 | 1 |
| Graph: Share Performance (12 months) | 1 | 1 |
| Upside Case | 1 | 1 |
| Downside Case | 1 | 1 |
| Catalysts | 1 | 1 |
| Q1 Results Discussion | 2 | 1 |
| Graph: Exhibit 1: Quarterly cash receipts Q1 FY18-Q1 FY27 | 2 | 1 |
| Table/Chart: Exhibit 2: Q1 FY27 versus Q1 FY26 and Q4 FY26 (in A $m unless otherwise stated) | 2 | 1 |
| FY26 Results Discussion | 2 | 1 |
| Table/Chart: Exhibit 3: FY26 versus FY25 and RaaS forecasts (in A $m unless otherwise stated) | 3 | 1 |
| FY26 Results Discussion (CONT) | 3 | 1 |
| Table/Chart: Exhibit 4: H2 FY26 versus H2 FY25 and RaaS forecasts (in A $m unless otherwise stated) | 3 | 1 |
| Earnings Adjustments | 3 | 1 |
| Table/Chart: Exhibit 5: Earnings adjustments to FY27 forecasts (in A $m unless otherwise stated) | 3 | 1 |
| DCF Valuation Is $0.18/Share (Unchanged) | 3 | 1 |
| Table/Chart: Exhibit 6: DCF valuation | 4 | 1 |
| Table/Chart: Exhibit 7: Financial Summary | 5 | 1 |
| Broker/Analyst Information | 6 | 1 |
| Disclosure | 6 | 1 |
| Disclosure (CONT) | 7 | 1 |
