Announcement PDF Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B +Rule 4.7B Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16 Name of entity Redbubble Limited ABN Quarter ended (“current quarter”) 11119200592 31 March 2017 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers (1) 1.2 Payments for Current quarter $A’000 Year to date (9 months) $A’000 39,612 140,322 (348) (912) (25,004) (70,375) (c) paid marketing (3,704) (9,030) (d) other advertising and marketing (261) (1,144) (e) leased assets (319) (978) (f) staff costs (3) (6,175) (20,058) (3,857) (9,297) (7,288) (22,108) (2,715) (6,129) (1,041) (3,147) - - 57 318 (a) research and development (b) fulfiller expenses (2) (g) other operating, administration and corporate costs (h) artist earnings (i) sales taxes (2) (2) (j) refunds, fraud and chargebacks 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) 39 115 1.9 Net cash (used in) operating activities (11,004) (2,423) (1) Receipts from customers represents Gross Transaction Value grossed up for refunds, fraud and chargebacks and adjusted for minor timing differences associated with payments being received through payment gateways up to 2 days after transaction occurs. (2) The relationships between Receipts from customers and Payments for fulfiller expenses (a proxy for cost of goods sold), artist’s earnings and sales taxes are distorted by seasonal effects in the December and March quarters due to high receipts from sales in the December quarter and the subsequent payments in the March quarter. (3) Staff costs include employment benefits and contractors’ costs but exclude costs classified as Research and development (disclosed in item 1.2(a)) and costs related to capitalised development (disclosed at item 2.1(e)). + See chapter 19 for defined terms 1 September 2016 Page 1 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Current quarter $A’000 Consolidated statement of cash flows 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment Year to date (9 months) $A’000 (153) (1,492) (b) businesses (see item 10) - - (c) investments - - (d) intellectual property - - (1,713) (5,527) (a) property, plant and equipment - - (b) businesses (see item 10) - - (c) investments - - (d) intellectual property - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash (used in) investing activities (1,866) (7,019) 3. Cash flows from financing activities 3.1 Proceeds from issues of shares - - 3.2 Proceeds from issue of convertible notes - - 117 440 (e) other non-current assets (capitalised development costs) 2.2 Proceeds from disposal of: (4) 3.3 Proceeds from exercise of share options / warrants 3.4 Transaction costs related to issues of shares, convertible notes or options - - 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) (25) (330) 3.10 Net cash from financing activities 92 110 (4) The proceeds for the current quarter represent proceeds from exercise of 225,996 share options. + See chapter 19 for defined terms 1 September 2016 Page 2 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter $A’000 Year to date (9 months) $A’000 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of quarter/year to date 44,730 41,977 4.2 Net cash (used in) operating activities (item 1.9 above) (11,004) (2,423) 4.3 Net cash (used in) investing activities (item 2.6 above) (1,866) (7,019) 4.4 Net cash from financing activities (item 3.10 above) 92 110 4.5 Effect of movement in exchange rates on cash held (102) (795) 4.6 Cash and cash equivalents at end of quarter 31,850 31,850 5. Reconciliation of cash and cash equivalents 5.1 at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Bank balances 5.2 Current quarter Previous quarter $A’000 $A’000 31,850 44,730 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 31,850 44,730 6. Payments to directors of the entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 6.3 Current quarter $A'000 150 - 6.1 - Payment of executive director's salary, bonus and non-executive directors' fees. Current quarter $A'000 7. Payments to related entities of the entity and their associates 7.1 Aggregate amount of payments to these parties included in item 1.2 - Aggregate amount of cash flow from loans to these parties included in item 2.3 - 7.2 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 + See chapter 19 for defined terms 1 September 2016 Page 3 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B 8. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 8.1 Loan facilities - - 8.2 Credit standby arrangements - - 8.3 Other (please specify) - - 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. 9. Estimated cash outflows for next quarter 9.1 Research and development $A'000 (375) (5) 9.2 Fulfiller expenses 9.3 Paid marketing 9.4 Other advertising and marketing (355) 9.5 Leased assets (319) 9.6 Staff costs (7,155) 9.7 Other operating, administration and corporate costs 9.8 Artist earnings 9.9 (5) Sales taxes (3,600) (3,451) (5) 9.10 Refunds, fraud and chargebacks 9.11 Total estimated cash outflows (5) (21,846) (6,534) (1,903) (5) (977) (46,515) These items will move broadly in line with the forecast cash receipts from customers. 10. Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above) 10.1 Name of entity 10.2 Place of incorporation or registration 10.3 Consideration for acquisition or disposal 10.4 Total net assets 10.5 Nature of business + See chapter 19 for defined terms 1 September 2016 Acquisitions Disposals N/A Page 4 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B Compliance Statement 1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2. This statement gives a true and fair view of the matters disclosed. Sign here: ............................................................ (Director/Company secretary) Print name: Paul Gordon ......................................................... 26 April 2017 Date: ............................................. Notes 1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report. 2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. + See chapter 19 for defined terms 1 September 2016 Page 5