Collaborate Corporation (ASX:CL8): Driving the future of car buying
776 بار بازدید -
4 سال پیش
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October 2020 - Collaborate Corporation
October 2020 - Collaborate Corporation Limited (ASX:CL8) owns and operates peer-to-peer marketplaces leveraging off proprietary technology and extensive industry partnerships. CEO Chris Noone speaks to The Capital Network's Lel Smits about its operations, including DriveMyCar - Australia’s first and largest peer-to-peer car rental platform that has now been going for more than a decade. More recently, Collaborate Corporation launched car subscription service Carly, which has opened the way for Australia’s existing $55 billion per annum auto industry to derive a new source of revenue from their vehicles.
Chapters
0:00-0:47- Introduction
0:47-1:28 - DriveMyCar rental product & Carly subscription service
1:28-2:12 - The Carly car subscription product
2:12-2:58 - Carly alliances
2:58-4:09 - Market opportunity
4:09-5:09 - COVID-19 impact
5:09-5:58 - Australian Taxation Office ruling
5:58-6:58 - PeerPass platform
6:58-8:11 - Strategic partner opportunities
8:11-9:05 - Additional capital resources
9:05-9:42 - Conclusion
1 DriveMyCar rental product & Carly subscription service
Collaborate’s flexible car subscription service Carly started up in March 2019. How does it differ from the DriveMyCar peer-to-peer car rental platform the Company has offered for more than a decade now?
2 The Carly car subscription product
The Carly car subscription product has been operating for just 18 months, but already accounts for around 60% of Collaborate’s revenue base. Why has client take-up been so strong?
3 Carly alliances
Collaborate’s Carly has already formed strategic alliances with some automotive manufacturers, car dealerships and fleet management companies. Why are these groups seeing Carly as a growth opportunity rather than a competitor?
4 Market opportunity
The new and used car sales market in Australia is valued at $55 billion per annum. What share of this market could Carly realistically take in the next year or two? And, what do you think will be the split between consumer and business clients?
5 COVID-19 impact
Since April, Australia’s economic performance has been poleaxed by COVID-19, yet Carly increased revenue over this period of reduced activity. What underwrote the Carly product’s resilience despite the pandemic’s economic drag?
6 Australian Taxation Office ruling
Carly has secured a product ruling from the Australian Taxation Office that provides certainty of tax deductibility on car subscription payments for business or work purposes. Is this tax benefit still attractive in the face of the accelerated asset write-offs now also available to business enterprises?
7 PeerPass platform
A car subscription system relies heavily on knowing whether a prospective user will pay their bill. How has Collaborate Corporation’s PeerPass platform delivered lower year-on-year Claims Loss Ratios than most traditional rental companies?
8 Strategic partner opportunities
Carly intends to leverage off its Hyundai subscription in Australia and Turners Subscription in New Zealand to pursue platform licensing opportunities with like companies and new market entrants. Why have only a few car companies and dealers come on board at this stage?
9 Additional capital resources
Some time ago, Collaborate’s unveiled a 60% underwritten, non-renounceable entitlement issue that could raise up to A$3.46 million. Where will this additional capital be directed?
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The opinions expressed in this video do not reflect the official position of MarketLit and do not constitute investment advice.
Chapters
0:00-0:47- Introduction
0:47-1:28 - DriveMyCar rental product & Carly subscription service
1:28-2:12 - The Carly car subscription product
2:12-2:58 - Carly alliances
2:58-4:09 - Market opportunity
4:09-5:09 - COVID-19 impact
5:09-5:58 - Australian Taxation Office ruling
5:58-6:58 - PeerPass platform
6:58-8:11 - Strategic partner opportunities
8:11-9:05 - Additional capital resources
9:05-9:42 - Conclusion
1 DriveMyCar rental product & Carly subscription service
Collaborate’s flexible car subscription service Carly started up in March 2019. How does it differ from the DriveMyCar peer-to-peer car rental platform the Company has offered for more than a decade now?
2 The Carly car subscription product
The Carly car subscription product has been operating for just 18 months, but already accounts for around 60% of Collaborate’s revenue base. Why has client take-up been so strong?
3 Carly alliances
Collaborate’s Carly has already formed strategic alliances with some automotive manufacturers, car dealerships and fleet management companies. Why are these groups seeing Carly as a growth opportunity rather than a competitor?
4 Market opportunity
The new and used car sales market in Australia is valued at $55 billion per annum. What share of this market could Carly realistically take in the next year or two? And, what do you think will be the split between consumer and business clients?
5 COVID-19 impact
Since April, Australia’s economic performance has been poleaxed by COVID-19, yet Carly increased revenue over this period of reduced activity. What underwrote the Carly product’s resilience despite the pandemic’s economic drag?
6 Australian Taxation Office ruling
Carly has secured a product ruling from the Australian Taxation Office that provides certainty of tax deductibility on car subscription payments for business or work purposes. Is this tax benefit still attractive in the face of the accelerated asset write-offs now also available to business enterprises?
7 PeerPass platform
A car subscription system relies heavily on knowing whether a prospective user will pay their bill. How has Collaborate Corporation’s PeerPass platform delivered lower year-on-year Claims Loss Ratios than most traditional rental companies?
8 Strategic partner opportunities
Carly intends to leverage off its Hyundai subscription in Australia and Turners Subscription in New Zealand to pursue platform licensing opportunities with like companies and new market entrants. Why have only a few car companies and dealers come on board at this stage?
9 Additional capital resources
Some time ago, Collaborate’s unveiled a 60% underwritten, non-renounceable entitlement issue that could raise up to A$3.46 million. Where will this additional capital be directed?
To learn more about MarketLit please visit: https://marketlit.com.au
Subscribe to our channel so you never miss an update:
@marketlit
Follow MarketLit on Twitter:
Twitter: _marketlit
Follow MarketLit on Instagram:
Instagram: _marketlit
Follow MarketLit on Facebook:
Facebook: MarketLit-102985285454355
Follow MarketLit on LinkedIn
LinkedIn: marketlit
The opinions expressed in this video do not reflect the official position of MarketLit and do not constitute investment advice.
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