question first Hi. And up very the good depending Cartrack's what years' joining annual open Data-as-a-Service good X time? Data-as-a-Service, When will will to questions. from you much monetizing [indiscernible] of I'll comes the where afternoon, for start evening, presentation. in revenues Cartrack Thanks morning, come are. percentage good from
jargon. are sometimes a [ Miles, of words these ] bit
We And our obviously the So the into business work intelligent do, then data, through data keep I Data-as-a-Service raw IoT the cloud. we currently data devices take we do our basically reports and the customers. it. to push way is what understand
portion a from that's not as pronouncing if [indiscernible]. So next my our I'm is not of it either which really certain opinion, in Data-as-a-Service, Service. we subscription a Sebastian answer.
The I a surname as the And comes question I'm or great Software your our revenue I'm so offer question correctly. model think understanding a obviously
in shut if to down should there division. Africa? on So costs this wrong. expand be any decision close the Carzuka further that's apologies, -- in South Sebastian associated you Can Will
lease year. closure financial during we one basically, this So that have comes to it
So time. majority XXX costs real Cartrack the got is Carzuka staff, at point and vacancies there no material of into this in in we've open will transition the About we Cartrack.
planned, So Cartrack there these Clearly, and be a phased. is slight no costs. could major has that will costs been have on but initially, impact it
time the FY to think I down. won't by get 'XX, these wearing So we be us costs
see further. of -- put year. ZAR basically with XX keeping discussions Carzuka and our reflect them rather that we've relationships it which them. long-standing long a enough in would think decided I I shoulders million have and much our interest few the been But with this And conflict last continue loss is spent that behind got of really of in months saying positively year the are we approximately losses healthy. we've dealers where earnings these dealers, operating been we next motor we've And in a the we've effort save our with dealers reality our although believe been to motor had partners, relationships to is loosing losses disappearing will XX So the do
The comes Matthew next [ question from from Impact ] Confluence Fund.
because congratulations they vehicles presentation, these decision [ different by on seized would [indiscernible] mean Despite be what you on selling the growth this mostly the What does experienced -- are ] for [indiscernible]? you Thank of buying consequence presenting results. by for source
got platform. So the we have
Carzuka. a developed have for software We
We benefit will dealers. of for the the still our software utilize
selling advertise platform. this willing buy it, Carzuka in our the more So benefit conflicting, on inventory we still do taking partners our Within vehicles that pre-owned dealerships able their our but a We're anyone to we until that not way certainly but of will now. we and a get lot platform. wants the will we any -- selling quite to to be advertise And see will allow within so system vehicles. currently, secondhand than the on vehicles, the still don't and secondhand they be read to dealers
operating ] expectation before you Alex nicely this [ you quarter. Carzuka's talk the is absorbing Sklar. given operating employees? Carzuka about margin up margin Can are [indiscernible]
need a have to to know really done this over planned moving staff But people. strategic. staff. certainly a we but the is it's impact because would on impact Cartrack It have Cartrack, is employ The that material. impact would don't I we believe negative the anyway We
weaknesses So and we and their to them already strengths which know and into where put departments.
it's really currently helping just have at about that all So us the XXX fall moment. vacancies we
Blair. Has in the second quarter? William the subscriber from the Matthew net continuing mainly into quarter third
has. Matthew, yes, it
So QX, of additions XX,XXX. XX and were actually subscriber net in days the first net our
halfway be expecting net are probably for over we So through we're given that expectation during subscribers the to QX. is That our XX,XXX QX, QX.
Another the Blair. question on Can could from Matthew contribute when OEM from they subscriber you update relationships, additions? to to an William provide start
lot have 'XX. relationships integrations from start the of in already should OEMs. FY able European these a with We be We to fruits seeing done
Confluence. [ can do Please, in? which ] you geographies merger from Powerfleet, Telematics Matthew the between you and comment Mix on proposed overlap
Matthew, say, with not Powefleet. very family I'm must I
relatively with Mix, them. I'm familiar
American-based. is very So, correct, Powerfleet if my much understanding is
know. prefer don't into because I really to I this information. So I haven't don't [indiscernible] know. not I comment
routes If What we that compare differentiates on customers on to I we your Powerfleet? or from market. Do not market. you customers and do mix, to offer routes Mix to focus different ourselves believe or different focus different
our multiple I types think vendors solutions. of with there's
similar. different. when operating high although detail, it about we're I route geographies. market, at quite XXX the fundamentally, you to into think looks get a Mix our But level,
bit in do we that on We a I that be we on the correction. that where are staff XX. the think distribute -- a customer have and to owning need under We're countries. ground difference. all presence us of I'm a We not and focused big obviously, Mix presence don't between countries makes operating physical then, And have believer very in difference only could and quite a speaking we're great potentially, but much also little the
XX%, envisage margin what at and level? bottom question Cartrack's allocated continue. it's marks?
We've or EBITDA you We margins this between trend back thing. remain to reached XX% into had we that about in [indiscernible]. believe Next much years depends will has we've XX margins EBITDA have from about below sort come. margin office how we and that will few that our It XX%. allow the these for a XX% sales, quite to into capital Can timing of reached a traditionally We
in at that growth XX% subscriber of QX? peak, growth do base, expect given South to you Secondly, in subscribers which rates achieved terms in Africa level
we In Currently, to we'll as believe South got we're that compared on we vehicles. Obviously, about million our quickly starting drive with will and QX and to momentum We continue as Africa, we've do to see million can in growth we're about vehicles X.X better in QX, X possible. growing, cloud. try momentum. that QX that
is integrate introduction? Thirdly, software, plan what estimated the is impact to the Carzuka
covered I think I've that.
you coming do equity on where years? over Cartrack question, peaking Fourth see return common the
that. calculating many there's ways of Well,
So cash. we've lot got quite a of
So you cash that equity obviously in out dividend, as a give be you'll return situation is then your the spikes. a on if
cycle it the you of make organic dividend to form and flow [ returns high than certainly making would phase business, growth naturally You're especially sense with rate, for that cash of a growth the other your investments At for the given battle in of dividends. earnings of version in any better what ] us peak.
in we time, we're [indiscernible]. what generate cash cash deploy that that's the doing simply this actually quite rather point the pragmatic got as to generating because stay our sufficient we and of and balance way cash intend the question from a solid we base I'd growth, And we've been a much lot keeping We've we're as accelerate can't on quite flow. at cash business. free we in away run sheet,
[ from Free. Miles question ] Next
OEMs been opportunity is as Southeast Asia Cartrack [indiscernible] growth in Europe. XXX does group's it the And compelling when a the Why the long medium most have term? you is at in TAM, to
certainly the Asia Well, we It is Southeast largest. believe is. certainly
the good economies in growth the market. of addressable It's full as progress. is go of well. to to economy world TAM.
And will get big we've the answer Southeast very think still making I fastest-growing momentum. a before good Asia reach we as large probably a terms I long also got in OEMs outside we're most way in starting the And as one region. We're the huge In We've come the
Is so that double their you this Cartrack X subscribers number pace? continue years? to this or of have every Do at faster see pace
slower Currently, than did in those we we're growing years. slightly
think when less I our COVID but we base star , in is came to and ] our sort than are post than momentum. to of then X COVID, the certainly year years. double it getting one intention subscriber cramped our [ And more grow
a Any about this [indiscernible] just question in added of you you ratable? to month getting improvements the was from June talk getting which it through you back, Can it's what us new vehicles fairly quarter. growth our terms every [ in certainly change you or aren't X momentum ] So it post-COVID.
Alexandra. [indiscernible] Did of of subscriber September? see
our customer years. really a large measure then Alex. SMEs, basis. quite it's growth been daily So and consumers our our of base remains constant days, customers our quite on enterprise growth over -- the working And consistent has on quite We been in terms
we that can momentum. growth picking We up days do, So working certainly better the very quite steady a frankly, it. and basis. more And we've are We we see the measure on we daily growth. got have,
best in there's Adding normally QX. to holidays given our QX less is our that that, quarter, typically, Alex,
South [indiscernible] the is what refurbishing. Africa? impact Carzuka will coming financial ceasing What from in percentage of
I So I've think that too. answered
to a ] Andrew. Discard [ Do you compete group.
I [ apologize, but the Andrew, Discard I group. not ] do know
non-vehicle seeing since lot Well a call as do momentum AE Is [ is Logan. say What monitoring? on sinking strength ] equipment Chris in then an And they done already of potentially. this we applications.
demand Chris, a as -- we're well lot just IoT devices lot customers doing of a of -- equipment. for from our there's Fundamentally,
depends a a equipment, you call machinery lot with the what forklifts deal of but it of -- we've already. yellow machinery, we So lot got
clearly includes cloud as of help our some it device, my that their into push subscribers, businesses. in type say data that's and and we data it of warehouses, equipment when raw can we run we that long That's IoT answer is and what used So and collect do. to been customers our that so as
from down question [indiscernible] closing altogether. final be will a Then Carzuka
We the have got technology.
So the but not company buying only owning we open, and and will be -- inventory. will vehicles remain selling
there's I asking through. just want came more question that to -- one thank everybody for
, ] ARPU Georgia for stable quite has time. been [ [indiscernible] some
inflation world, all is prices. you the around the the Given what reason haven't increased
[indiscernible] same profit great today it margins. ago. our got great XX margins, ARPU years that was gross the EBITDA is And profit margins, operating we've
been inflation quite over always them to through years, always we grow continue our but frankly, we base. as And the customer of these we've expenses, We way feel just clearly, beaten is them economies to we've And able scale. scale. the the feel beat through economies of
you for again look to forward months' time. in everybody and joining want X thank today to talking to I us
Bye-bye Okay.
