An ASX share doesn't need to be well-known for it to generate strong returns for investors and beat the S&P/ASX 200 Index (ASX: XJO).
Many of the ASX's biggest shares have a reputation for reaping a lot of their profit through providing products and services to Australian customers. These include such names as Commonwealth Bank of Australia (ASX: CBA), Telstra Group Ltd (ASX: TLS), and Wesfarmers Ltd (ASX: WES).
However, there are many smaller ASX shares that are forging ahead by growing their exports or international client bases. I'm going to outline two that I believe can beat the ASX 200 over the next few years because of their expanding growth profiles.
Cobram Estate Olives Ltd (ASX: CBO)
Cobram Estates describes itself as Australia's largest vertically integrated olive farmer and marketer of premium quality extra virgin olive oil. It sells products under various brands including Cobram Estate and Red Island.
Its olive farming assets include more than 2.4 million olive trees planted on 6,584 hectares of farmland in central and north-west Victoria and 207,500 trees planted on 358 hectares of long-term leased and freehold properties in California, USA.
It also owns Australia's largest olive tree nursery, three olive mills, two olive oil bottling and storage facilities, and its Modern Olives laboratory.
I'm excited about the company's growth because not only does it sell products in Australia and the US, it also has export customers in 16 countries including Canada, Japan, and China.
The company is expecting its FY23 statutory earnings before interest, tax, depreciation and amortisation (EBITDA) to be "materially higher", with stronger operating cash flow in the second half.
It's investing heavily in growth capital projects in Australia and the US. It's also expecting its milling capacity and planted areas in California to grow significantly.
RPMGlobal Holdings Ltd (ASX: RUL)
This ASX share is a software business that provides mining services that help with production, scheduling, mine design, and ESG considerations.
It has a number of customers including Glencore, South32 Ltd (ASX: S32), Peabody, Worley Ltd (ASX: WOR), Fortescue Metals Group Limited (ASX: FMG), and Sayona Mining Ltd (ASX: SYA).
Many mining companies are currently adopting digital and cloud offerings into their operations. RPMGlobal recently said it's seeing increased interest in its next generation of mobile solutions.
The ASX share also said it's "excited about the magnitude of the opportunities which are entering the company's software pipeline". The company is making progress in the Indonesian market and expects "strong growth" in Southern Asia.
RPMGlobal says it has a "strong balance sheet, healthy cash flow and plenty of merger and acquisition" opportunities.
Certainly, achieving growth can help drive the RPMGlobal share price higher. In the FY23 first half, net operating revenue grew by 13% year over year while underlying operating EBITDA jumped 26%, demonstrating operating leverage.
As the ASX share gets bigger, I think its profit can grow much quicker, which I expect will impress the market.
