February 2024 Bailador Technology Investments Shareholder Update
Bailador Technology Investments (BTI) reported annual returns of 10.8% for 1 year, 8.8% for 2 years, and 12.2% for 3 years.
Shareholder return was 15.0% for 1 year, 12.3% for 2 years, and 1.1% for 3 years, underperforming the S&P ASX All Tech Index.
SiteMinder, a major holding in Bailador's portfolio, will be included in the ASX200 index effective 18th March 2024, marking a significant milestone.
SiteMinder is recognized for its strong performance and is a leader in travel tech for the hotel industry.
SiteMinder's LTV/CAC ratio improved to 5.3x, indicating efficient customer acquisition and value.
SiteMinder's inclusion in the ASX200 is expected to increase investor interest and trading volume.
SiteMinder has launched two new products, Channels Plus and Dynamic Revenue Plus, aiming to transform revenue management for hoteliers.
SiteMinder's platform processes over 115 million reservations annually, presenting a significant revenue opportunity.
BTI's Net Tangible Asset (NTA) per share as of February 2024 was $1.77 (pre-tax) and $1.61 (post-tax).
SiteMinder's H1FY24 results showed a 27.9% increase in total revenue to $91.7m and a 27.2% increase in ARR to $182.5m.
Bailador focuses on investing $5-20 million in technology sector companies at the growth stage, with a preference for businesses with proven models, international revenue, and large market opportunities.
BTI's portfolio includes investments in SiteMinder, RC TopCo, Access Telehealth, Rosterfy, Nosto, Mosh, and Straker, with SiteMinder being the most significant in terms of valuation gain (538%).
This announcement is a summary of the company approved ASX announcement on 11/3/2024.