Rea Group Ltd · ASX:REA
Rea — Shareholder Meeting (November 2010)
22 slides from Rea's shareholder meeting presentation, Nov 24, 2010
Slide 1: Chairman's AGM Presentation 2010
CHAIRMAN’S AGM PRESENTATION 2010 It is my pleasure now to present an overview of the 2010 financial year, which was a landmark year for REA Group in a number of respects. REA Group reported record financial results for the 2010 financial year, reinforcing the strength of For personal use only our bu
Slide 2: Chairman's address: share price, board and thanks
Shareholders have also benefited from continued growth in the REA Group share price. In the 12 months to 31 October 2010, the REA share price outperformed the ASX 200 by 28%. [Slide 2: REA Group share price vs ASX 200] Over performance of ASX 200 index For personal use only 160 150 140 130 ASX 200 1
Slide 3: REA Group Annual General Meeting November 2010
For personal use only REA Group Annual General Meeting 24 November 2010 Richard Freudenstein - Chairman www.rea-group.com
Slide 4: FY10 Financial Highlights
FY10 Financial Highlights For personal use only • Revenue up 16% to record $194.3 million • EBITDA increased 25% to $78 million • Cash grew 112% to $88.2 million • Earnings per share up 53% to 39.1c
Slide 5: REA Group outperformed ASX in FY10
REA Group outperformed ASX 200 in FY10 For personal use only Over performance of ASX 200 index 160 150 140 130 ASX 200 120 REA 110 100 90 80
Slide 6: REA Group Annual General Meeting November 2010 - CEO
For personal use only REA Group Annual General Meeting 24 November 2010 Greg Ellis – CEO and Managing Director www.rea-group.com
Slide 7: FY2010 – A Landmark Year for REA
FY2010 – A Landmark Year for REA For personal use only • Record financial results • Strong growth across all operations incl. Australia & Italy • Significantly improved international portfolio & performance • Successfully launched new IT platform • Increased innovation rate • Greater ROI to agents a
Slide 8: REA's Strong Growth Record
REA’s Strong Growth Record For personal use only FY2007 FY2008 FY2009 FY2010 Revenue $89.4m $133.6m $167.8m $194.3 (↑16%) EBITDA $30.1m $46.1m $62.5m $78m (↑25%) EBITDA 34% 35% 37% 40% (↑3%) Margin Cash $9.8m $8.9m $41.6m $88.2m (↑112%)
Slide 9: Australia – Strong Organic Growth
Australia – Strong Organic Growth For personal use only • Paying agents increased to 9,612 • Average revenue per agent increased to $1,267 • Realestate.com.au revenue up 19% to $108m • Realcommercial.com.au revenue up 29% to $19.4m • Media advertising revenue up 13% to $41m Real estate surpassed emp
Slide 10: International – Significantly Improved Performance
International – Significantly Improved Performance For personal use only Italy Luxembourg Hong Kong • #1 in Italy • #1in Greater • #1 English-language • Record agent sign-up Luxembourg property site in HK to 10,662 paying • Achieved break-even • Revenue up 5% to agents in FY10 HK$10.6m • Revenue up
Slide 11: REA – Market leader & innovator
REA – Market leader & innovator For personal use only REA operates 13 property websites around the world – most ranked #1 in their market We aim to be globally known as the leading, most innovative digital marketing company for real estate; and the first choice for both advertisers and consumers in
Slide 12: Increased Innovation Rate
Increased Innovation Rate For personal use only • New IT platform launched April • Now releasing new innovations every 90 days • Greater focus on needs of agents, vendors and consumers • Relaunched realestate.com.au website April • Launched new realestate.com.au mobile site May • realestate.com.au i
Slide 13: The New realestate.com.au
The New realestate.com.au For personal use only • Faster, more features, better reporting • Increased consumer engagement – consumers spend 27% longer on realestate.com.au than on nearest competitor [October 2010] • Increased ROI to agents - click thru to agent websites up 45%, email leads up 16% YO
Slide 14: High-calibre REA Team
High-calibre REA Team For personal use only • Over 500 employees worldwide • Exceptional FY2010 performance in challenging environment • Increasing strength of our brand is attracting excellent candidates • Executive team supported by a strong Board
Slide 15: For personal use only
For personal use only
Slide 16: REA AGM 2010 - Proxy Votes
REA AGM 2010 - Proxy Votes For personal use only Securities On Issue 129,691,280 Valid Securities Voted (For, Against, Open 108,772,491 Usable, Open Conditional) Valid Securities Voted (%) 83.87%
Slide 17: Proxy Votes: Remuneration Report
REA AGM 2010 - Proxy Votes For personal use only Item 1 – REMUNERATION REPORT For Against Open Usable Number of 107,448,754 1,090,632 233,105 Proxy Votes % of Proxy Vote 98.79% 1.0% 0.21% % of Total 82.85% 0.84% 0.18% Securities
Slide 18: Proxy Votes: Re-elect Kathleen Conlon
REA AGM 2010 - Proxy Votes For personal use only Item 2a – Re-elect Kathleen Conlon For Against Open Usable Number of Proxy 108,046,673 512,205 233,398 Votes % of Proxy Votes 99.32% 0.47% 0.21% % of Total 83.31% 0.39% 0.18% Securities
Slide 19: Proxy Votes: Re-elect Richard Freudenstein
REA AGM 2010 - Proxy Votes For personal use only Item 2b – Re-elect Richard Freudenstein For Against Open Usable Number of 107,681,031 853,124 233,398 Proxy Vote % of Proxy Vote 99.01% 0.78% 0.21% % of Total 83.03% 0.66% 0.18% Securities
Slide 20: Proxy Votes: Elect Diana Eilert
REA AGM 2010 - Proxy Votes For personal use only Item 2c – Elect Diana Eilert For Against Open Usable Number of 107,700,237 856,423 233,398 Proxy Vote % of Proxy Votes 99.0% 0.79% 0.21% % of Total 83.04% 0.66% 0.18% Securities
Slide 21: Proxy Votes: Elect John Pittard
REA AGM 2010 - Proxy Votes For personal use only Item 2d – Elect John Pittard For Against Open Usable Number of Proxy 105,111,751 3,444,339 233,398 Votes % of Proxy Votes 96.62% 3.17% 0.21% % of Total 81.05% 2.66% 0.18% Securities
Slide 22: For personal use only
For personal use only