Agency Group Australia Ltd · ASX:AU1
Agency Group Australia — FY2021 Earnings Presentation
16 slides from Agency Group Australia's earnings presentation, Aug 27, 2021
Slide 1: Investor Presentation FY21 Year End Results
I N V E S T O R P R E S E N TAT I O N F Y 2 1 Y E A R E N D R E S U LT S August 2021 ASX:AU1 Direct exposure to national property market with a re-set Balance Sheet and a Team to deliver growth
Slide 2: Disclaimer
DISCLAIMER NOT AN OFFER • involve known and unknown risks and uncertainties that could This presentation is for information purposes only. This cause actual events or results to differ materially from presentation does not comprise a prospectus, product disclosure estimated or anticipated events or
Slide 3: Executive Summary
EXECUTIVE SUMMARY A SCALABLE, VERTICALLY-INTEGRATED REAL ESTATE SERVICES COMPANY Providing investors direct exposure to the growing $8.8T residential Australian property market1 Unique business Stabilised balance Real estate services Achieved scale model sheet One of Australia’s largest Our agen
Slide 4: Key Takeaways FY2021
FY2021 KEY TAKEAWAYS EBITDA1 $4.6M FY20 EBITDA of $0.7M, 544% GCI $80.7M FY20 GCI of $47.9M, 69% Revenue $58.4M FY20 Revenue of $41.9M, 39% Growth 57.7% vs. FY21 sales of 4964 (FY20 sales of 3147) 57.7% compared to 40.7% for significantly above the 40.7% market growth for market same period market S
Slide 5: Strong EBITDA on the Back of Strong Revenue
PERFORMANCE STRONG EBITDA ON THE BACK OF STRONG REVENUE • Annual Group Revenue of $58.38 million, a 39.5% increase year- on-year (FY2020: $41.86 million), vindicating effectiveness of the Company’s model. • EBITDA of $6.37 million. After adjusting for AASB 16 Leases impact, EBITDA for the year was $
Slide 6: Record-Breaking Year Across All Key Metrics
PERFORMANCE RECORD-BREAKING YEAR ACROSS ALL KEY METRICS • Delivered strong operating results for Gross commission income ($ million) FY2021 with all key metrics increasing during the year across our businesses. Up 69% y-o-y • The results further reinforce the 81 sustained growth the business has bee
Slide 7: Strengthened Financial Position
PERFORMANCE STRENGTHENED FINANCIAL POSITION Total financing facilities at end of June 2021 AU1 borrowings & EBITDA ($ million) of $8.35 million3 EBITDA Borrowings A renewed $5 million Macquarie Bank primary secured debt facility 21.1 $3.35 million Convertible Note to private investment company Peter
Slide 8: Strengthening Balance Sheet (as at June 2021)
PERFORMANCE STRENGTHENING BALANCE SHEET (AS AT JUNE 30 2021) % $M FY2021 FY2020 Change Cash at Bank 5.1 2.7 Financial Assets 1.3 1.6 Other current assets 8.6 5.2 Total non-current assets 32.5 37.5 Total assets 47.6 47.0 1.3% Total current liabilities 15.6 27.9 Total non-current liabilities 18.4 7.5
Slide 9: Significantly Outperforming the National Real Estate Market
PERFORMANCE SIGNIFICANTLY OUTPERFORMING THE NATIONAL REAL ESTATE MARKET Total number of transactions for FY21 of 4,964, a significant 57.7% increase on prior year. This is materially greater than the 40.7% increase experienced across the national real estate market in the year to July 20211 Number o
Slide 10: A National Footprint in Key Markets Ready to Scale
PERFORMANCE A NATIONAL FOOTPRINT IN KEY MARKETS READY TO SCALE Agents (as at 30 June 21) * Now that our business model has achieved a profitable scale, focus shifts to quality agent recruitment for driving 272 283 308 growth. 191 • Average GCI by agent increased by 50 +57% over FY20. FY 17 FY 18 FY
Slide 11: Business Continues to Grow
FUTURE BUSINESS CONTINUES TO GROW • STRONG PIPELINE OF LISTINGS Into FY22 on back of rebounding property market • QUALITY AGENT RECRUITMENT GROWTH In existing and new market sectors • BUILDING MARKET SHARE IN AUSTRALIA’S PREMIER REAL ESTATE MARKETS • Total 325 agents currently, a 6% increase from 30
Slide 12: Corporate Snapshot
CORPORATE SNAPSHOT Corporate snapshot Top shareholders Snapshot 6% - Daring Investments 8%- Directors & Mgmt. ASX Code Shares O/S 428.6m AU1:ASX Shares F/D2 570.7m 30% - Peters Investments 16% - Agents Market capitalization Cash3 $23m (@ 5.4cps) $5.7m 40% - Other Enterprise value Total Financing Fac
Slide 13: Contact: Paul Niardone – Managing Director
Contact: Paul Niardone – Managing Director E: pauln@theagencygroup.com.au Ph: +61 08 9204 7955
Slide 14: Market Insights
MARKET INSIGHTS
Slide 15: Real Estate Sector at a Glance
REAL ESTATE SECTOR AT A GLANCE Real Estate underpins Australia's wealth $8.8 trillion Residential Residential Real $8.8T Real Estate Estate $978 596,622 billion Total sales p.a. Commercial real estate Australian $3.1T Superannuation Australian Real Estate Australan Listed $2.8T Stocks 10.6 $404 mill
Slide 16: Macroeconomic Tailwinds
MACROECONOMIC TAILWINDS The post COVID-19 Australian residential real estate market is achieving record sales values and volumes Change in dwelling values, twelve months to July 20211 Highlights1 Australia 16.1% Combined regionals 19.6% Over the twelve-month period to July 2021: Combined capitals 15
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