Serko Ltd. · NZX:SKO
Serko — Shareholder Meeting (July 2024)
25 slides from Serko's shareholder meeting presentation, Jul 2, 2024
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting 2 July 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Serko Limited ("Serko"). All information is current at the date of this presentation, unless stated otherwise. All currency amounts are in NZ dollars unless stated otherwise. Information in this presentation: • is for general information purposes onl
Slide 3: Welcome from Chair
Welcome from Chair Claudia Batten
Slide 4: Serko's Board
Serko's Board Claudia Jan Sean Darrin Clyde Bob Batten Dawson Gourley Grafton McConaghy Shaw Serko 4
Slide 5: Order of meeting
1. Chair Address 2. CEO Address Order of 3. Shareholder Q&A meeting 4. Formal Business & Resolutions 5. General Business Serko 5
Slide 6: Chair's Address
Serko 6 Chair's Address Claudia Batten
Slide 7: Our areas of focus in the past two years
Our areas of focus in the past two years Maximise Winning Global Building recovery, in chosen scale and globally deliver markets operational competitive unmanaged efficiency business revenue growth FY23 FY24 Serko 7
Slide 8: A more robust and dynamic Serko is delivering results
A more robust and dynamic Serko is delivering results 01 Renewed Booking.com for Business partnership 02 Strengthened market leadership in Australasia 03 Double-digit, year-on-year revenue growth 04 Increased operational leverage Serko 8
Slide 9: Our ambitions are supported by solid fundamentals and discipline
Our ambitions are supported by solid fundamentals and discipline Underlying cash flow FY22 FY23 FY24 $80.6m ($7.1m) Cash on hand (31 March 2024) ($32.6m) ($39.6m) Serko 9
Slide 10: Board priorities
Board priorities Data-led Talent and Capital Environmental, Growth business leadership management social and at scale governance Groundwork Supporting Intelligent Uplift in practices Stable growth laid for talent growth investments into including reset with responsible commercial and attracting tech
Slide 11: CEO Address
CEO Address Darrin Grafton
Slide 12: Executive team
Executive team Darrin Grafton Joydip Das Liz Fraser Charlie Nowaczek Shane Sampson Chief Executive Officer Chief Product Officer Chief Revenue Officer Chief Operating Officer Chief Financial Officer Rachael Satherley Bob Shaw Simon Young Chief People Officer Chief Strategy Officer Acting Chief Techn
Slide 13: The world of business travel
The world of business travel
Slide 14: Successful FY24 execution delivering benefits
Successful FY24 execution delivering benefits Booking.com for Strengthened Delivering Enhanced executive Business growth market position operational leverage and expertise Partnership renewed for Retention and new On track for cashflow Strengthened executive further five years growth in Australasia
Slide 15: Strong FY24 performance
Strong FY24 performance Revenue Costs Profit (loss) Balance sheet $71.2m $89.7m $83.9m $(15.9m) $80.6m Total Operating Total spend Net loss Cash income expenses 1% increase, below after tax on hand 48% increase 8% increase FY24 guidance 48% improvement 8% decrease YoY $(1.6m) $0.6m Underlying avg EB
Slide 16: Progress on our strategic priorities
Progress on our strategic priorities FY24 Experimentation Booking.com Australasian Technology and High employee Business benefits delivery and growth market leadership product innovation engagement Highlights $4.3 million* annualised 65% increase in Strengthened market Strengthened product Employee
Slide 17: Booking.com for Business plans
Complete H2 FY22 –23 FY23 –24 Booking.com for Business plans Phase 1 Phase 2 Phase 3 Migration Activating + Scaling Engaging Foundation complete. Plans to increase growth being activated Customer acquisition growth Active customer growth Volume growth • Testing new online • A combination of • Enrich
Slide 18: Outlook
Serko 18 Outlook Claudia Batten
Slide 19: Outlook
Outlook Serko affirms the guidance provided in its FY24 results announcement on 28 May 2024. Serko anticipates demand for business travel in its key markets will remain strong. Serko expects new unmanaged customer acquisition and activation initiatives to drive increased volumes and total income dur
Slide 20: Thank you
Serko 20 Thank you
Slide 21: Q&A
Serko 21 Q&A
Slide 22: General business
Serko 22 General business
Slide 23: Thank you
Serko 23 Thank you
Slide 24: Appendix
Serko 24 Appendix
Slide 25: Definitions
Definitions Non-GAAP (generally accepted accounting practices) financial measures do not have standardised meanings prescribed by GAAP and therefore may not be comparable to similar financial information presented by other entities. Non-GAAP measures are used by management to monitor the business an