Slide 1: Leading online classifieds marketplaces in emerging regions
Leading online classifieds marketplaces in emerging regions 2024 Half Year Results Presentation ASX: FDV | 28 August 2024
Slide 2: About FDV
ABOUT FDV Leading online classifieds marketplaces in emerging regions Proven classifieds marketplace model Classifieds marketplaces play a central role in formalising markets, with FDV focusing on high value consumer goods – property and automotive. Classifieds have been some of the most successful
Slide 3: Contents
CONTENTS 1. 1H 2024 group financial results 4 2. Operating regions results 11 3. FDV overview 18 4. Additional information 22 3
Slide 4: 1H 2024 group financial results
1H 2024 group financial results 4
Slide 5: Financial profile since IPO
FINANCIAL PROFILE SINCE IPO Consistent long-term revenue and EBITDA growth driven by organic growth strategy and strategic acquisitions FDV Group statutory revenue since IPO FDV Group statutory EBITDA since IPO (A$m) (A$m)1 3.7 67.9 +92% 2.4 EBITDA from 2.7 on pcp 0.6 Associates 59.2 1.7 Statutory 5
Slide 6: 1H 2024 group financial highlights
1H 2024 GROUP FINANCIAL HIGHLIGHTS Record first half revenue result, strong expansion of EBITDA and all operating regions cash flow positive Statutory revenue Statutory EBITDA 360 LATAM, MMG and A$35.5m A$1.7m FDV Asia operating cash flow positive in +14% on 1H 2023 +92% on 1H 2023 1H 2024 Operating
Slide 7: Revenue breakdown
REVENUE BREAKDOWN Statutory revenue of A$35.5m, increasing 14% on 1H 2023, driven by growth in 360 LATAM and FDV Asia Statutory revenue breakdown 360 LATAM (A$m) 41.6 Revenue of A$27.7m in 1H 2024, representing a 16% increase on 1H Revenue from 2023. The strong result was driven by transactions reve
Slide 8: Operating expenses breakdown
OPERATING EXPENSES BREAKDOWN Building operating efficiency reflected by 1H 2024 group operating expenses as a % of revenue of 95% (1H 2023: 97%) Statutory operating expenses breakdown Group operating expenses (A$m) 1H 2023 1H 2024 Total group operating expenses of A$33.7m in 1H 2024, increasing 11%
Slide 9: EBITDA breakdown
EBITDA BREAKDOWN 92% increase in statutory EBITDA and 2 percentage point margin expansion, driven by 360 LATAM performance Statutory EBITDA and margin (A$m) Group statutory EBITDA Record first half statutory EBITDA of A$1.7m1 in 1H 2024, increasing 2.4 92% from A$0.9m in 1H 2023, including: ▪ 360 LA
Slide 10: 1H 2024 summary results
1H 2024 SUMMARY RESULTS 1H 2024 1H 2023 Change 1. Group statutory revenue: A$35.5m statutory revenue in A$000 A$000 A$000 % 1H FY24, increasing 14% on 1H FY23, driven by organic 1 Group Statutory Revenue 35,488 31,181 4,307 14% growth of 360 LATAM (16%) and FDV Asia (19%) which Group Operating Expen
Slide 11: Operating regions
Operating regions FRONTIEF DIGITAL VENTURES
Slide 12: 360 LATAM financial update
FINANCIAL UPDATE Record revenue of A$27.7m and EBITDA of A$2.9m, increasing 16% and 60% on pcp respectively, driven by growth in transactions revenue and strong traction across new products, Iris and Centrify Revenue Revenue by category EBITDA and margin (A$m) (A$m)1 (A$m)2 +10% Other, margin 27.7 R
Slide 13: MMG financial update
FINANCIAL UPDATE MMG’s revenue and EBITDA was impacted by lower demand for advertising products across the region Revenue Revenue by category EBITDA and margin (A$m) (A$m)1 (A$m)2 +10% Transactions & 4.5 4.5 Recurring margin Other, <1% +6% subscription, 47% 0.4 margin 0.3 Advertising & Media, 53% 1H
Slide 14: FDV Asia financial update
FDV ASIA FINANCIAL UPDATE Consolidated entities delivered revenue growth of 19% on pcp, driven by increased advertising & media spend Revenue Revenue by category EBITDA and margin (A$m) (A$m)1 (A$m) Recurring +10% 3.3 subscription, 15% margin 0.3 2.7 +4% 0.04 LPW margin 0.1 0.25 iMyanmar Transaction
Slide 15: FDV Asia – equity accounted entities (Associates)
FDV Asia – equity accounted entities (Associates) 15
Slide 16: FDV Asia financial update (Associates)
FDV ASIA FINANCIAL UPDATE PakWheels achieved 51% revenue growth, while Associates EBITDA increased 5% on pcp, despite revenue declining due to subdued property transactions Revenue Revenue by category EBITDA and margin (A$m) (A$m)1 (A$m) 6.7 Recurring +9% +11% 6.1 margin margin subscription, 31% 0.6
Slide 17: Progress against 2024 priorities
PROGRESS AGAINST 2024 PRIORITIES Revenue Growth Margin expansion Product development Value creation for investors Ongoing focus on value creation +14% +2pp Rapid growth of Iris and Centrify for shareholders including pursuing value creation Statutory revenue Statutory EBITDA transactions and monetis
Slide 18: FDV Overview
FDV Overview 18
Slide 19: Market leading brands spanning three key regions
MARKET LEADING BRANDS SPANNING THREE KEY REGIONS Market leading classifieds marketplace businesses now generating revenue from ancillary opportunities and transactions FDV ASIA #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 100% ownership 100% ownership of Avito, Moteur and Tayara Ownership levels vary from
Slide 20: Proven business model
PROVEN BUSINESS MODEL Highly successful online business model with unique opportunity to facilitate transactions in emerging markets Business model Market characteristics Classifieds Ancillary Transactions • Opportunity to generate • Lower levels of trust between • Agents and developers advertise si
Slide 21: Opportunity in emerging markets
OPPORTUNITY IN EMERGING MARKETS Online classifieds marketplaces have significant leverage to population and economic factors, with emerging markets amplifying the opportunity Population GDP Internet penetration Mobile connections 882m A$4.4tn 68% 125% Population of FDV‘s markets Aggregate GDP across
Slide 22: Additional information
Additional information 22
Slide 23: Corporate overview
CORPORATE OVERVIEW Share price performance (Last 12 months) Substantial shareholders $0.80 Catcha Group (Patrick Grove and Luke Elliott) 11.9% Shaun Di Gregorio (Founder and CEO) 9.8% $0.60 Barca Global Master Fund 7.4% SmallCo Investment Manager 7.3% $0.40 Financial information Share price (27-Aug-
Slide 24: Statutory revenue by brand
STATUTORY REVENUE BY BRAND Accounting treatment 1H 2024 1H 2023 Growth 360 LATAM 27,689,609 23,900,755 16% InfoCasas Consolidated 11,688,431 9,353,230 25% Fincaraíz Consolidated 6,632,793 4,577,231 45% Encuentra24 Consolidated 5,794,398 5,456,101 6% Yapo Consolidated 3,573,987 4,514,193 (21%) MENA M
Slide 25: Statutory EBITDA by brand
STATUTORY EBITDA BY BRAND 1H 2024 EBITDA & margin 1H 2023 EBITDA & margin Accounting treatment EBITDA Change (absolute terms) A$ % A$ % 360 LATAM 2,895,120 10% 1,808,722 8% 1,086,399 Yapo Consolidated 1,048,288 29% 917,228 20% 131,060 Fincaraíz Consolidated 1,034,350 16% 533,346 12% 501,004 Encuentr
Slide 26: Contact us
CONTACT US PRINCIPAL OFFICE 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia www.frontierdv.com www.frontierdv.com ABOUT FDV This announcement is authorised for release by the Board Frontier Digital Ventures (FDV) is a leading owner and operator of of Directors of Fro
Slide 27: Disclaimer
DISCLAIMER The material contained in this presentation is non-specific and is a summary of the background to the Company's activities. As this information is in a summary form it is not intended to be complete. Independent advice should be sought by investors or potential investors. The material doe