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Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

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Page 1: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld
Page 2: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Australia’s No.1 fashion rental business

Source: data extracted from publicly available information on company websites. Excludes items listed on third-party listing sites such as eBay and Gumtree etc

Page 3: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Experiencing exponential growth!5x YoY Growth in 2016 alone!

Monthly Order Volumes

Company founded

AirTree Investment

Page 4: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

A very high quality team...

Page 5: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

… with husband and wife foundersRealised: women have been sharing clothing for a long time..

So why did the ‘Sharing Economy’ equivalent not exist?

Decided to build: a community to improve access

Discovered: the aftermarket for designer fashion has the potential to be bigger than the primary market

Page 6: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

$9 billionWomen in Australia spent $9 billion dollars dressing themselves in 2016

(that’s excluding spend on shoes and handbags!)

Source: IBISWorld Industry Report G4251, Clothing Retailing in Australia, February 2017 data

Page 7: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

$15 billionOver two thirds of Australians are now actively spending on or earning from a sharing

economy service!

Note: The definition of ‘sharing economy’ in the survey incorporates the likes of car and ridesharing platforms, peer-to-peer lending services, accommodation sharing, crowdfunding platforms, and online marketplaces for goods, such as eBaySource: Startup Daily, Value of Australia’s sharing economy hits $15 billion, 13 February 2017

Page 8: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

The problem we’re solvingThe

‘Sharing Economy’ has solved other problems like this

Page 9: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Our Mission:To be the answer to those “I have nothing to wear” moments

Page 10: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

How we do it

Page 11: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

RENT. WEAR. RETURN.In the last twelve months our customers have rented the retail equivalent of

over $13 million worth of designer clothing

Source: Glam Corner Pty Ltd data

Page 12: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

A best in class product

Page 13: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Our Vision:To be every Australian woman’s Endless Online Wardrobe

Page 14: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Superb unit economics

Capital recovered swiftly

RefundsShippingDry CleaningPackaging

60-70%

40-50%

+30%

Page 15: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

A data-driven, high-margin model

ROI(x)

Month of life

Page 16: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

GC: $1 of Inventory = $5 of Revenue

Regular Retail: $1 of inventory = $2 of Revenue?

Page 17: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

+25,000 customers nationwide

Page 18: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

That’s +25,000 evangelists!

Page 19: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

We build relationships with

our customers

Page 20: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

A team of:Bright, Kind and Dedicated people

Page 21: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

With a +1,000sqm warehouse & office!

Page 22: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Key takeaways

✓ High growth + margin

✓ Disruptive product

✓ In an expanding market

✓ Proven formula + platform

✓ Strong team

✓ Quality investors

Page 23: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

What’s next?

˓ Build a household name

˓ Expand asset pool

˓ Ongoing Tech + Ops investment

˓ Enhanced BI focus

˓ Keep building great team

˓ Beta-testing new opportunities

Page 24: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Final pointWe’re changing the way women

consume fashion in Australia.

Source: Amazon

Page 25: Australia’s No.1 fashion rental business · Women in Australia spent $9 billion dollars dressing themselves in 2016 (that’s excluding spend on shoes and handbags!) Source: IBISWorld

Thank youwww.glamcorner.com.au [email protected]

https://au.linkedin.com/in/dean-jones-89839432

https://twitter.com/glamcornerau