September 2023 QUARTERLY ACTIVITIES REPORT​

These latest results reaffirm that Carly is continuing to demonstrate success in three key objectives:  

• Securing supply of vehicles in a timely manner that are then highly utilised 
• Increasing overall Subscription Transaction Value and retaining a higher proportion as revenue. 
• Reducing operating cash outflows while supporting accelerated growth 

Subsequent Events

Since the end of the September 2023 Quarter, Carly has laid the foundations for continued growth in the consumer and corporate markets:

Chargefox EV Charging Agreement

An agreement was signed with Chargefox, Australia’s leading EV charging network enabling Carly to bundle EV charging packs with electric vehicle subscriptions, increasing the value provided to retail and corporate customers and simplifying the adoption of EVs for our customers. This relationship enhances Carly’s ‘try before you buy’ EV subscription proposition and reduces the barriers to entry for individuals and companies transitioning to electric vehicles. Carly and Chargefox intend to work together to jointly promote the proposition.  

Employee Rewards

Carly has signed agreements to enable the distribution of educational information and promotional offers to over 990,000 Australian employees via employer benefits programs. Carly will use this channel to access a large segment of retail customers and establish car subscription as the more flexible alternative to long term finance and debt. 

CarlyNow

The first agreements for the CarlyNow dealership subscription product have been signed with leading dealerships representing key automotive brands. 

Radio Advertising 

Carly will commence radio advertising in the Sydney region during October/November in anticipation of increasing fleet size. 15 and 30 second commercials will air on commercial stations and across digital radio platforms. 

Out of Home Advertising 

Radio advertising will be supported by OOH advertising (e.g. digital signage, bus advertising, billboards etc). The advertising will be specifically targeted in key areas with favourable demographics and where Carly achieves high customer conversion rates.

Corporate

Payments to related parties and their associates in the September 2023 Quarter of $169,000 related to remuneration of the executive and non-executive directors for the period.

Cash Balance at Quarter End and Funding

At the end of the September 2023 Quarter, the Company maintained a cash balance of $970,000, a decrease of $693,000 from the June 2023 Quarter. 

On 26 July 2023, Shareholders approved the issuing of 14 million shares at an issue price of $0.025 per share, raising an additional $350,000 (Tranche 2 of Placement). The shares were issued on 24 August 2023. 

The Directors closely monitor cash flows and funding requirements and are assessing all funding alternatives to ensure that the Company can continue to pursue the growth opportunities of the businesses. The Directors are very conscious of the cash flow requirements of the Group but also seek to ensure that funding is accessed at appropriate valuations so as to preserve value and limit dilution for all shareholders.

This announcement was authorised to be given to ASX by the Board of Directors of Carly  Holdings Limited.