Real Matters, Inc. · TSX:REAL
Real Matters — Q3 2023 Earnings Presentation
7 slides from Real Matters's earnings presentation, Jul 28, 2023
Slide 1: Q3 2023 Financial Results
Q3 2023 FINANCIAL RESULTS July 28, 2023 (all amounts are expressed in U.S. dollars, excluding per share amounts and unless otherwise stated)
Slide 2: Cautionary Note Regarding Forward-Looking Information
Cautionary Note Regarding Forward-Looking Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws. Words such as “aim”, “could”, “forecast”, “target”, “may”, “might”, “will”, “would”, “expect”, “anticipate”, “estimate”, “intend”,
Slide 3: Q3 2023 Highlights
Q3 2023 Highlights First sequential growth in consolidated revenues in seven quarters $46.0M U.S. Appraisal • Net Revenue1 +19% QoQ +22% QoQ • Adjusted EBITDA1 of +53% QoQ Consolidated Revenues • Launched 1 new channel, net year-over-year market share gains $12.1M U.S. Title • Net Revenue1 +44% QoQ
Slide 4: Q3 2023 and Fiscal 2023 Financial Highlights
Q3 2023 and Fiscal 2023 Financial Highlights QoQ YoY YoY millions of U.S. dollars Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 YTD 2023 YTD 2022 Change Change Change Revenues U.S. Appraisal $33.5 $28.0 $28.3 $43.9 $57.3 19% -42% $89.7 $206.9 -57% U.S. Title 2.6 2.2 2.4 4.0 5.6 17% -53% 7.2 32.6 -78% Cana
Slide 5: Q3 2023 and Fiscal 2023 Non-GAAP Measures
Q3 2023 and Fiscal 2023 Non-GAAP Measures QoQ YoY YoY millions of U.S. dollars Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 YTD 2023 YTD 2022 Change Change Change 1 Net Revenue U.S. Appraisal $9.2 $7.7 $7.6 $11.1 $12.9 19% -29% $24.6 $44.4 -45% 1 Net Revenue Margin 27.5% 27.6% 27.0% 25.4% 22.6% 27.4% 21.
Slide 6: Appendix A – Non-GAAP Measures
Appendix A – Non-GAAP Measures Net Revenue represents the difference between revenues and transaction costs. Net Revenue margin is calculated as Net Revenue divided by Revenues. The reconciling items between net income or loss and Net Revenue for the periods present below were as follows: Quarter en
Slide 7: Appendix A – Non-GAAP Measures
Appendix A – Non-GAAP Measures Adjusted EBITDA represents net income or loss before stock-based compensation expense, amortization, gain or loss on disposal of property and equipment, other non-operating costs, restructuring expenses, impairment of goodwill, interest expense, interest income, net fo