Agency Group Australia Ltd · ASX:AU1
Agency Group Australia — Shareholder Meeting (November 2023)
15 slides from Agency Group Australia's shareholder meeting presentation, Nov 16, 2023
Slide 1: Annual General Meeting
Annual General Meeting 16 November 2023
Slide 2: Managing Director AGM Presentation & Update
FY23 AGM Presentation 2 Managing Director AGM Presentation & Update
Slide 3: FY23 Key Takeaways
FY23 Key Takeaways FY23 AGM Presentation 3 $(1.30M) $76.9M Underlying EBITDA1 Revenues from Ordinary Activities (FY22: +$3.85M) (FY22 : $72.7M) $5.3B 5,734 Gross Value of Properties Sold No. of Properties Sold (FY22 : $5.9B) (FY22 : 5,709) $95.4M 399 GCI2 No of Agents (FY22 : $102.5M) (30 June 2022:
Slide 4: Stable agent productivity against a fall in market volumes
FY23 AGM Presentation 4 Stable agent productivity against a $102.5m fall in market volumes 5,7095,734 583,087 570,566 1.23% $95.5m underpinned market 4,964 0.98% $80.7m share growth 464,945 0.87% 414,723 384,183 0.76% 3,147 0.63% $47.9m $37.9m 2,407 0.98% to 1.23% Increase in National Market Share i
Slide 5: A growing brand now with 414 agents at 31 October 2023
FY23 AGM Presentation 5 A growing brand now with 414 agents at 31 October 2023 with presence across 6 states and territories. Across FY23, the broader industry saw a number of lower performing agents exit the industry as a result of the tough operating environment on the East Coast. The Agency achie
Slide 6: Over 9,000 investment properties managed by The Agency
FY23 AGM Presentation 6 Over 9,000 investment properties managed by The Agency Following the acquisition of Bushby Property Group, and the re-establishment of the Western Australia property management business, The Agency has grown to 5,024 properties under management as at 31 October 2023. Since it
Slide 7: FYTD24 Market Sales Volume
FY23 AGM Presentation 7 Change in sales volumes, four months to October 2023 FYTD24 Market Sales NSW 3.2% Volume VIC 1.6% QLD 0.6% In the 4 months to 31 October June 2023, Australian market volumes have increased +2.1% from prior year period SA 8.4% levels. The Agency has recorded better than WA 3.7
Slide 8: Last 3 Months Dwelling Value Price Movement
FY23 AGM Presentation 8 Change in dwelling values, three months to October 2023 Last 3 Months Dwelling Value Sydney 2.5% Price Movement Melbourne 1.2% Brisbane 3.8% In the 3 months to 31 October, Australian prices increased 2.3%, easing slightly from a recent higher of Adelaide 4.2% 3.1% in the June
Slide 9: Annual Rental Movement
FY23 AGM Presentation 9 Annual change in rental rates to October 2023 Annual Rental Movement Sydney 9.9% Melbourne 11.8% Brisbane 7.9% In the 12 months to 31 October, Australian rental rates changed 8.1% Adelaide 7.0% Perth 13.2% Hobart -3.3% Canberra -3.0% Source: CoreLogic +8.1% +4.0% +9.7% Austra
Slide 10: Business Performance Update
FY23 AGM Presentation 10 Business Performance Update 4 months to 31 4 Months to 31 Variance October 2023 October 2022 # of Listings 2,282 2,152 +6.0% # of Properties Sold 2,071 1,861 +10.7% Gross Sales Volume $2.1b $1.7bn +22.4% Gross Commission Income (GCI) $36.8m $30.8m +19.4% The Agency has outpe
Slide 11: Strategic objectives
FY23 AGM Presentation 11 Strategic objectives Growth in agent Developing adjacent Multi Brand Strategy. Training and coaching. Leveraging numbers. offerings. technologies. Further expansion of Enhancement of Continue development Further investment into Leveraging technology and geographical regions
Slide 12: FY2024 Outlook
FY23 AGM Presentation 12 FY2024 Outlook Volume increases Greater price stability. Shift towards larger Market consolidation to Mixed consumer expected. agent teams. continue. sentiment. Across FY24, states with Following the expectation that Super Agent Teams to Market Consolidation 1H FY24 consumer
Slide 13: Geoff Lucas
FY23 AGM Presentation 13 Geoff Lucas Managing Director & CEO geofflucas@theagency.com.au linkedin.com/Geoff-lucas
Slide 14: FY23 AGM Presentation
FY23 AGM Presentation 14 FY23 AGM Presentation 14 Not an offer This presentation is for information purposes only. This presentation political and social uncertainties and contingencies; does not comprise a prospectus, product disclosure statement or involve known and unknown risks and uncertainties
Slide 15: THE AGENCY
THE AGENCY
Agency Group Australia — Shareholder Meeting (November 2023) on 6ix