Karooooo Ltd (NASDAQ:KARO) Q4 2022 Earnings Conference Call April 29, 2022 8:00 AM ET
Company Participants
Zak Calisto - Founder, CEO & Director
Conference Call Participants
Zak Calisto
Good day. Thank you for joining us today. I'm Zak Calisto, the Founder and CEO of Karooooo.
During this presentation, we will be making forward-looking statements, including statements regarding our financial outlook for FY '23. Please read the disclaimer before you make any decisions. All reconciliations to non-IFRS metrics are in our earnings announcement, the 6-K published on our website.
Before we talk about our results of FY '22, we want to demonstrate to you the way we think about our business. As we have in charge an average change 50 billion per month per vehicle for what we do, the large impact at our solution as on businesses is often misunderstood or underestimated. Our platform helps our customers to transform their businesses. We allow them to be extremely efficient and competitive as they digitalize their on-the-ground operations. Fundamentally, our customers are able to do much more with less by using our platform.
We have been building our platform for over a decade and has evolved far beyond monitoring vehicles. Specifically in the last years, we have allocated a large amount of capital into R&D, and we will continue to do so. We have built our platform for the future, so we can be long-term partners of our customers.
We understand that many of these developments will not give us the immediate results that we want, and we will get the benefits in the medium to long term. As we all know, mobility is core to all the underground operations of any business. We think beyond connected vehicles and equipment.
[Presentation]
Zak Calisto
Hopefully, the video that we've all watched has helped everybody better understand our business. Fundamentally, our mission is to establish the leading on-the-ground operations cloud that will allow us to partner with our customers for the long term.
We're now going to watch another video that will show what one of our customers' day-to-day operations looks like.
[Presentation]
Zak Calisto
After watching that video, I believe you can now better contextualize all the value that we bring to businesses. The business is that we service are from the small SME customers right up to very large enterprises. Clearly, the larger the enterprise, the more complex its operations are and the more value we can bring to the table to assist them into digitalized the operations are now indeed the few departments to be able to talk to each other, allowing them to mitigate risk, allowing them to increase productivity to have greater visibility of their operations. And we're proud ourselves and continue to developing our platform in order to continue to assist our customers in better digitalizing the operations.