Anywhere Real Estate — Q4 2024 Earnings Presentation
31 slides from Anywhere Real Estate's earnings presentation, Feb 13, 2025
Slide 1: Earnings Call Q4 and FY 2024
Earnings Call Q4 and FY 2024 %* Anywhere
Slide 2: Management Presenters
Management Presenters Ryan Schneider Charlotte Simonelli Alicia Swift Chief Executive Officer Executive Vice President and Senior Vice President, Investor Relations and President Chief Financial Officer and Treasury 2
Slide 3: Important Disclosures
Important Disclosures Forward-Looking Statements This presentation contains forward-looking statements. The Company desires to take advantage of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 and is including this statement for the express purpose of availing itse
Slide 4: Our Business
Our Business 4
Slide 5: The Anywhere Network
The Anywhere Network As a leader of Integrated Residential Real Estate Services in the U.S., we combine the world’s most extensive agent network, industry-leading brands, integrated services, and innovative product and technology capabilities to lead the world on a better real estate journey. Full-s
Slide 6: Recognized as an Industry Leader in Culture and Talent
Recognized as an Industry Leader in Culture and Talent Recognition Community Commitment • Named in 2024 to Fortune's Most Innovative • Anywhere Gives' partnership with Companies, Forbes' World's Best Employers, Covenant House International and World's Most Ethical Companies for the • Anywhere Disast
Slide 7: Investment Highlights
Investment Highlights 7
Slide 8: Anywhere has the Competitive Edge
The opportunity to drive change at scale that comes with closing ~1 million homesale sides annually A nationwide network of trusted advisors Industry’s leading franchise business with six nationally Anywhere has the recognized brokerage brands Competitive Edge End-to-end national assets in brokerage
Slide 9: Attractive Franchise Power
Attractive Franchise Power Unmatched Brand Portfolio Fast Facts1 • Anywhere Real Estate is a leading real estate franchisor in the U.S., with six nationally recognized brokerage brands • Worldwide footprint with over 2,100 total franchisees • Typical new U.S. contract is 10 years in length • Average
Slide 10: Unparalleled Franchise Scale
Unparalleled Franchise Scale 11,200 WORLDWIDE SALES AGENTS 130,200 WORLDWIDE SALES AGENTS 96,300 WORLDWIDE SALES AGENTS 58,231 U.S. ANNUAL SIDES 219,329 U.S. ANNUAL SIDES 468,004 U.S. ANNUAL SIDES 4,900 WORLDWIDE SALES AGENTS 43,200 WORLDWIDE SALES AGENTS 26,100 WORLDWIDE SALES AGENTS 16,494 U.S. AN
Slide 11: Market Leader in Luxury Real Estate
Market Leader in Luxury Real Estate Iconic Luxury Brands We Sell More $1M+ Homes Than Anyone2 Market Share of $1M+ Homes, 2024 US Volume 17% #1 #2 #3 #4 #5 1 We Do Even Better At Higher Price Points2 Fast Facts Market Share of $1M+, $2M+, $5M+, & $10M+ Homes, 2024 US Volume • Expanded our luxury lea
Slide 12: Leading Provider of Title & Settlement Services
Leading Provider of Title & Settlement Services Title Agency Operations Upward Title (launched 2023)1 • Full-Service title, escrow and settlement services across more than 40 • New multi-franchise title joint venture offering, exclusively for affiliates brand names • Upward JVs are full-service titl
Slide 13: Leadership in Technology and Data
Leadership in Technology and Data High Impact Technology And Products API Connectivity Generative AI Leadership Personalized agent and franchisee technology to developers.anywhere.re enables freedom, Aggressive generative AI agenda to drive enhance productivity flexibility, and choice for third part
Slide 14: Anywhere is Focused on Agent and Consumer Pain Points
Anywhere is Focused on Agent and Consumer Pain Points How We Get There Making the Real Estate Transaction Simpler for The Line-of-sight Innovation is Attractive for Agents and Consumers the Ecosystem IMPROVE BUYING AND SELLING EXPERIENCE ACROSS THE CONSUMERS WIN "FULL BUY BOX" OF REAL ESTATE • Highe
Slide 15: Fourth Quarter & Full Year Results
Fourth Quarter & Full Year Results 15
Slide 16: 2024 By the Numbers
2024 By the Numbers Full Year 2024: Q4 2024: $5.7B $290M $1.4B $52M 1 1 Revenue Generated Operating EBITDA Revenue Generated Operating EBITDA (+$56M year-over-year) (+$35M year-over-year) (+$112M year-over-year) (+$24M year-over-year) $50M ~$125M +13% Y/Y (7bps) Y/Y Free Cash Flow 1 Realized Cost Sa
Slide 17: Transaction Volume
Transaction Volume Q4 2024 vs. Q4 2023 FY 2024 VS. FY 2023 Anywhere Combined Closed Homesale Sides 3% (3)% Average Homesale Price 9% 7% Combined Total Homesale Transaction Volume (sides x price) 13% 4% 1 Anywhere Brands - Franchise Group Closed Homesale Sides 3% (3)% Average Homesale Price 10% 8% To
Slide 18: Key Revenue Drivers
Key Revenue Drivers Q4 2024 vs. Q4 2023 FY 2024 vs. FY 2023 Amount % Change Amount % Change 1 Anywhere Brands - Franchise Group Closed Homesale Sides 171,609 3% 700,589 (3)% Average Homesale Price $504,637 10% $497,494 8% Average Broker Commission Rate 2.39% (6) bps 2.41% (4) bps Net Royalty per Sid
Slide 19: Revenue Details
Revenue Details Net Revenue ($ in millions) Q4 2024 Q4 2023 $ Change FY 2024 FY 2023 $ Change 1 Franchise Group $ 229 $ 221 $ 8 $ 961 $ 983 $ (22) Owned Brokerage Group 1,118 1,024 94 4,688 4,628 60 Title Group 92 75 17 362 340 22 2 Corporate & Other (77) (70) (7) (319) (315) (4) Total Revenue $ 1,3
Slide 20: Operating EBITDA Details
Operating EBITDA Details Operating EBITDA ($ in millions) Q4 2024 Q4 2023 $ Change FY 2024 FY 2023 $ Change 1 Franchise Group $ 121 $ 110 $ 11 $ 521 $ 527 $ (6) Owned Brokerage Group (27) (43) 16 (93) (135) 42 Title Group (9) (12) 3 (13) (16) 3 Corporate & Other (33) (27) (6) (125) (121) (4) Operati
Slide 21: Operating EBITDA without Intercompany Royalty
Operating EBITDA without Intercompany Royalty Operating EBITDA ($ in millions) Q4 2024 Q4 2023 $ Change FY 2024 FY 2023 $ Change Franchise Group $ 44 $ 40 $ 4 $ 202 $ 212 $ (10) Owned Brokerage Group 50 27 23 226 180 46 Franchise & Owned Brokerage Combined $ 94 $ 67 $ 27 $ 428 $ 392 $ 36 Note: The s
Slide 22: Advisors: Quarterly Agent Commission Split Rate
Advisors: Quarterly Agent Commission Split Rate Quarterly Agent Commission Split (Commission Expense divided by Gross Commission Income) (%) 82.0% 80.5% 80.3% 80.3% 80.4% 80.3% 80.1% 80.1% 80.2% 80.0% 79.8% 80.0% 79.6% 79.2% 11 consecutive quarters with stable commissions around 80%, underscoring ou
Slide 23: Operating, Marketing, and G&A by Reportable Segment
Operating, Marketing, and G&A by Reportable Segment For the Year Ended December 31, 2024 ($ in millions) General and 1 Operating Marketing Total Administrative 2 Franchise Group $ 248 $ 89 $ 105 $ 442 Owned Brokerage Group 882 102 85 1,069 Title Group 299 18 60 377 3 Corporate & Other (304) (14) 142
Slide 24: Historical Cost Savings Delivery
Historical Cost Savings Delivery 1 2 Anywhere Realized Cost Savings by Year ($M) Anywhere Actual Flow Through of Savings to Expenses ($M) We realized approximately $660M of total cost savings ~$220 ($428) between 2020 and 2024 2,140 ~$150 1,712 ~$125 Approximately 35% of total cost ~$80 ~$85 savings
Slide 25: Transformed Debt Stack
Transformed Debt Stack December 31, 2019 ($M) Total Debt 3,472 • Optimizing our balance sheet is a top allocation priority, alongside 1,314 investing in the business 407 1,058 • Reduced overall gross debt by over $930M (or 27%) since 2019 717 550 550 ◦ In 2023, reduced debt by ~$310M through bond ex
Slide 26: Capitalization Table
Capitalization Table Pricing Maturity As of December 31, 2024 1 2 Revolving Credit Facility SOFR+10bps+175 July 2027 $ 490 Senior Secured Second Lien Notes 7.000% April 2030 640 Senior Notes 5.750% January 2029 558 Senior Notes 5.250% April 2030 449 Exchangeable Senior Notes 0.250% June 2026 403 Fin
Slide 27: Appendix
Appendix 27
Slide 28: GAAP Reconciliation
GAAP Reconciliation For the three months ended For the years ended ($ in millions) 12/31/2024 12/31/2023 12/31/2024 12/31/2023 Net loss attributable to Anywhere $ (64) $ (107) $ (128) $ (97) Income tax expense (benefit) 13 (22) (2) (15) Loss before income taxes (51) (129) (130) (112) Add: Depreciati
Slide 29: GAAP Reconciliation
GAAP Reconciliation For the three months ended For the years ended ($ in millions) 12/31/2024 12/31/2023 12/31/2024 12/31/2023 Franchise Group $ 121 $ 110 $ 521 $ 527 Owned Brokerage Group (27) (43) (93) (135) Title Group (9) (12) (13) (16) Corporate and Other (33) (27) (125) (121) Operating EBITDA
Slide 30: GAAP Reconciliation
GAAP Reconciliation For the three months ended For the years ended ($ in millions) 12/31/2024 12/31/2023 12/31/2024 12/31/2023 Net loss attributable to Anywhere $ (64) $ (107) $ (128) $ (97) Income tax expense (benefit) 13 (22) (2) (15) Income tax payments — (10) (1) (14) Interest expense, net 36 37
Slide 31: Thank You
WE MOVE THE FUTURE ANYWHERE REAL ESTATE INC a anywhere’ ak CENTURY 21. SB. COVCOTaN BANKER Thank You Anywhere Integrated €cartus Services *