Rea Group Ltd · ASX:REA
Rea — Merger or Acquisition (September 2024)
7 slides from Rea's merger presentation, Sep 23, 2024
Slide 1: Further increased possible offer for Rightmove plc
Strictly Private & Confidential Further increased possible offer for Rightmove plc 23 September 2024
Slide 2: REA Group's Further Improved Proposal for Rightmove
REA Group’s Further Improved Proposal for Rightmove Key terms of Further Improved Proposal The Further Improved Proposal represents: • Under the terms of the Further Improved Proposal, shareholders of Rightmove would receive for each Rightmove • an increase of 9.2 per cent. on the total value of the
Slide 3: A highly compelling proposition for Rightmove's shareholders
A highly compelling proposition for Rightmove’s shareholders Strategic Rationale • REA sees strong strategic rationale for the proposed transaction and believes now is a natural time to be able to support and accelerate Rightmove’s strategic objectives for the benefit of all stakeholders • REA’s exp
Slide 4: Rightmove's share price has lacked any sustained upward momentum for two years
Rightmove’s share price has lacked any sustained upward momentum for two years Rightmove share price performance (last 2 years) Market Data £7.50 To last undisturbed close(a) 6M 12M 24M 80.0 VWAP(b) (GBP) 5.48 5.40 5.40 £6.87 +13.8% £6.50 • Rightmove’s share price has lacked any sustained upward mom
Slide 5: REA Group's share price has increased by over 75% over the last two years
REA Group’s share price has increased by over 75% over the last two years REA Group share price performance (last 2 years) Market Data $219.00 To last undisturbed close(a) $225 +76.3% 6M 12M 24M 7.0 VWAP(b) (A$) 191.39 178.23 151.82 $200 6.0 • REA’s share price has displayed sustained upward momentu
Slide 6: REA's consistently strong revenue and EBITDA growth has driven share price appreciation
REA’s consistently strong revenue and EBITDA growth has driven share price appreciation and value creation for shareholders since inception REA Revenue and EBITDA (A$m)(a) vs average monthly share price (b) 10-year CAGR (FY14-24) 1,453 2 $23 4.00 13% 14% 1 Revenue EBITDA 1,170 1,183 $208.15 (b) $18
Slide 7: Disclaimer
Disclaimer Please refer to the announcement made by REA on 23 September 2024 for further information. This presentation is not intended to, and does not, constitute or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dis