Rea Group Ltd · ASX:REA
Rea — Merger or Acquisition (November 2015)
9 slides from Rea's merger presentation, Nov 2, 2015
Slide 1: Investor & Analyst Presentation: iProperty Group acquisition
For personal use only Investor & Analyst Presentation iProperty Group acquisition 2 November 2015 Tracey Fellows – Chief Executive Officer Owen Wilson – Chief Financial Officer
Slide 2: Introduction
For personal use only Introduction • REA to acquire iProperty in recommended transaction • iProperty owns the leading property portals in Malaysia, Hong Kong, Thailand and Indonesia • South East Asia is underpinned by highly attractive macroeconomic factors with strong growth prevalent across the re
Slide 3: South East Asian market opportunity
South East Asian market opportunity • The real estate market is expected to continue to grow strongly underpinned by growing populations and For personal use only GDP per capita • Collective recorded property sales outpacing Australia with average property prices in some regions also ahead and growi
Slide 4: Real estate advertising shifting online
Real estate advertising shifting online • The transition from offline real estate advertising to online is at an earlier stage than in Australia but is For personal use only accelerating and represents an enormous monetisation opportunity • Particularly given the real estate advertising budgets in i
Slide 5: Overview of iProperty Group's footprint
Overview of iProperty Group’s footprint • iProperty Group owns the #1 online property portals across South East Asia. The key brands include: For personal use only Thailand Hong Kong Region Real estate ad. market A$140m Real estate ad. market A$340m % online 5% % online 3 – 5% Agents / devs. ad spen
Slide 6: Leading positions in key markets
Leading positions in key markets • iProperty Group holds the leading market position in key South East Asian online real estate markets For personal use only #1 #1 Online represents: 8 – 12% of Online represents: 5% of Total RE advertising spend Total RE advertising spend EBITDA Margin: 53% EBITDA M
Slide 7: Overview of transaction
For personal use only Overview of transaction • REA will acquire 100% of the share capital in IPP that REA does not already own • To be executed by way of a scheme of arrangement • IPP shareholders to receive cash consideration of $4.00 per share • Alternatively, IPP shareholders can elect to receiv
Slide 8: Strategic rationale
For personal use only Strategic rationale Highly attractive Track record of macroeconomic strong growth Quality environment with long-term management strong growth growth in key team prevalent across operating and the region financial metrics Leading Significant scope Consistent with property portal
Slide 9: For personal use only
Visit our For personal use only investor site at rea-group.com Media: Natalie Cerny Head of Corporate Affairs M: +61 407 487 221 E: natalie.cerny@rea-group.com Investors: Disclaimer: The material herein is a presentation of non-specific background Owen Wilson information about the Company’s current