Rea Group Ltd · ASX:REA
Rea — Shareholder Meeting (October 2024)
32 slides from Rea's shareholder meeting presentation, Oct 9, 2024
Slide 1: REA Group Ltd 2024 Annual General Meeting
ASX Announcement 9 October 2024 REA Group Ltd 2024 Annual General Meeting Please see attached the addresses and presentation to be delivered by REA Group’s Chairman and CEO at this morning’s Annual General Meeting. -ends- For further information, please contact: REA Group Ltd Investors: REA Group Lt
Slide 2: Chairman's introduction and meeting procedures
Introduction – Hamish McLennan Good morning. I’m Hamish McLennan, Chairman of REA Group Ltd. On behalf of the REA Group Board, I’m delighted to welcome you to our 2024 Annual General Meeting. Before we commence, I would like to acknowledge the Traditional Owners of Country throughout Australia and r
Slide 3: Board of Directors, agenda and Chairman's address
Questions or comments which do not relate to REA will not be acknowledged or addressed during the AGM. REA Group Board of Directors Joining me today are my fellow directors Kelly Bayer Rosmarin, Tracey Fellows, Richard Freudenstein, Michael Miller, Jennifer Lambert and Nick Dowling, and our CEO, Owe
Slide 4: Dividends and 25 years of shareholder returns
The Board declared total dividends of $1.89 per share for FY24. This represents a 20% YoY increase in the Group’s dividend per share, reflecting our strong performance, the strength in our balance sheet and our confidence in continued growth. Consistent revenue and earnings growth have supported 25
Slide 5: CEO's Address – Owen Wilson
CEO’s Address – Owen Wilson Thank you Hamish, and good morning everyone. REA Group’s exceptional FY24 performance reflects our clear and consistent focus on delivering greater value at every stage of the property journey. The Australian property market strengthened during the year with stabilised in
Slide 6: For personal use only
and we reached the exciting milestone of 1 in 3 Australian properties being tracked by their owner on realestate.com.au 14. Our goal is to be the first choice in digital property advertising; while also providing agents with the tools and services they need to manage their workflow and increase effi
Slide 7: REA India and sustainable future
REA India delivers the best app experience driving audience and customer value REA India delivered a pleasing result with revenue growth of 31% primarily driven by the core Housing.com business. Leveraging the rapid growth in mobile penetration in India, we have deliberately chosen to invest in our
Slide 8: Market update and Executive Leadership Team
In this healthy market, Australians have continued to turn to our leading platform. realestate.com.au reached a record audience for the second consecutive month in August, with over 12 million people visiting the site 20. That’s almost 5.3 million more people than our nearest competitor, which is th
Slide 9: Footnotes
13 REA internal data, Jun 24 vs. Jun 23. 14 REA internal data, Jun 24. 15 Property Seeker Report 2024. 16 Ipsos iris Online Audience Measurement Service, Apr 2023 to Aug 2024, P14+, PC/laptop/smartphone/tablets, text only, Brand Group, property.com.au, Audience (000s). 17 Google Analytics, average o
Slide 10: Annual General Meeting October 2024
For personal use only Annual General Meeting 9 October 2024 9.00am (AEDT) Changing the way the world experiences property
Slide 11: Introduction
For personal use only Introduction Hamish McLennan Chairman 2
Slide 12: How to vote online
How to vote online For personal use only 1 2 3 Click on Get a Voting Enter your Shareholder Fill out your voting Card on the top or Number and Post Code or card for each item of bottom of your screen. Proxy Number and click business and click Submit Details And Vote. Submit Partial Vote or Submit Vo
Slide 13: How to ask written questions
How to ask written questions For personal use only 1 2 Online: Click on Ask a Online: Select the relevant Question on the top or topic from the drop-down bottom of your screen. menu and type your question in the space provided. When ready, click on Submit Question. ? If you experience any technical
Slide 14: REA Group Board of Directors
REA Group Board of Directors For personal use only Hamish McLennan Owen Wilson Nick Dowling Tracey Fellows Chairman Chief Executive Officer Independent Non-executive Director Non-executive Director Executive Director Non-executive Director Richard Freudenstein Jennifer Lambert Michael Miller Kelly B
Slide 15: Agenda
Agenda For personal use only 1. Chairman’s Address 2. CEO’s Address 3. Items of business 4. Q&A 6
Slide 16: Chairman's Address
For personal use only Chairman’s Address Hamish McLennan Chairman 7
Slide 17: REA Group delivered an exceptional FY24 financial result
REA Group delivered an exceptional FY24 financial result For personal use only $1,453m $825m $461m $303m Revenue 1, 2 +23% EBITDA 1, 2, 3 +27% Net profit +24% Reported net -15% after tax 1, 2 profit after tax 2, 4 57% $1.89 +20% $3.49 +24% $204m Operating Dividend per share, Earnings 30 June 2024 cl
Slide 18: For personal use only
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Slide 19: Strong growth mindset and consistent strategic investment
Strong growth mindset and consistent strategic investment cement REA’s place in the property landscape For personal use only FY00 FY05 FY10 FY15 FY20 FY24 Residential Commercial Consumer Experiences Share accommodation and space Property marketplace Advertising Unified customer experience Customer V
Slide 20: CEO's Address
For personal use only CEO’s Address Owen Wilson Chief Executive Officer 11
Slide 21: Clear and consistent focus on strategic priorities
Clear and consistent focus on strategic priorities For personal use only Audience & Consumer Largest audiences, Engage Australia’s largest audience of property seekers, driving more leads to our most engaged consumers customers. Customer Value Deliver superior value across property advertising, agen
Slide 22: Audience leadership
Audience leadership Australia’s #1 address in property extends leadership1(A) For personal use only realestate.com.au extends unique audience lead1(A) Gap Gap 10.8m 127m 60m 4.6m 4.4m Average monthly Total average Total average realestate.com.au monthly visits to monthly visits to unique audience re
Slide 23: Personalised consumer experiences and premium products drive customer value
Personalised consumer experiences and premium products and services drive customer value For personal use only Personalised experiences driving strong Premium suite of digital products and consumer engagement services delivering quality customer leads Seller leads in Ignite • 1 in 3 Australian prope
Slide 24: Enhanced AI capabilities power unique products and experiences
Enhanced AI capabilities power unique products, experiences and services for consumers and customers For personal use only AI-generated realestate.com.au homepage delivers New AI-led products and services delivering greater 7.5m personalised recommendations via hundreds customer value – accelerating
Slide 25: Next generation marketplaces
Next generation marketplaces For personal use only Property.com.au is PropTrack delivered double Product innovation and Australia’s most digit revenue growth while brand investment delivering comprehensive property powering unique products revenue growth and value to research destination and solutio
Slide 26: REA India delivers the best app experience
REA India delivers the best app experience driving audience and For personal use only customer value Housing.com core revenue growth 31% YoY drivers included strong performance of customer events, increased depth and revenue growth increased monetisation of Tier 2 cities 45% App-first strategy suppo
Slide 27: Committed to a sustainable future
Committed to a sustainable future For personal use only ESG FY24 ratings and Progress towards recognitions ESG goals • Certified carbon neutral through Climate Maintained AA MSCI Active for the fourth consecutive year rating for the third • 19% YoY increase in carbon emissions consecutive year prima
Slide 28: Market update
Market update For personal use only Changing the way the world experiences property
Slide 29: REA Group Executive Leadership Team
REA Group Executive Leadership Team For personal use only Owen Wilson Janelle Hopkins Melina Cruickshank Anthony Waldron Tamara Kayser Chief Executive Officer Chief Financial Officer Chief Product and Chief Executive Officer Chief Legal Officer and Audience Officer Financial Services Company Secreta
Slide 30: Glossary
Glossary For personal use only Cash Cash includes cash and cash equivalents EBITDA Earnings before Interest, Tax, Depreciation and Amortisation excluding contribution from associates. Earnings per share Basic earnings per share attributable to the ordinary equity holders of the company. Financial re
Slide 31: Audience metric sources
Audience metric sources For personal use only Ipsos iris Online Audience Measurement Service, Apr 2024 - Jun 2024 (average) and Apr 2023 - Jun 2023 (average), P14+, PC/laptop/smartphone/tablets, text only, Homes and Property A Category, Brand Group, Realestate.com.au vs Domain, Audience (000’s). Ips
Slide 32: Disclaimer
Disclaimer Visit our The information in this presentation is in summary form only and does not purport to be comprehensive or complete. It contains information that has been derived from publicly available sources that has not been For personal use only independently verified. This presentation shou