Rea Group Ltd · ASX:REA
Rea — H1 FY2010 Earnings Presentation
17 slides from Rea's earnings presentation, Feb 25, 2010
Slide 1: REA Group Ltd 1st Half 2010 Results
For personal use only REA Group Ltd 1st Half 2010 Results Analyst and Investor Presentation February 2010 www.rea-group.com
Slide 2: Strong organic growth and increased innovation rate in 1H FY2010
REA Group demonstrated strong organic growth and an increased innovation rate during the first half of FY2010 For personal use only KEY HIGHLIGHTS OF OUR PERFORMANCE (1) STRONG ORGANIC GROWTH INCREASED INNOVATION RATE Continued growth and improved performance in the core market of Australia Cont
Slide 3: Continued business growth reflected in the financial results
Continued business growth was reflected in the financial results For personal use only KEY HIGHLIGHTS OF OUR PERFORMANCE (2) STRONG FINANCIAL RESULTS OUTPERFORMANCE OF ASX200 Relative performance of REA’s share price compared to the ASX200 index 41% Source: REA Group Analyst presentation - REA - 1H
Slide 4: Half yearly financial performance
Profits from continuing operations grew due to revenue growth and targeted investment in IT balanced by a strict expense management For personal use only HALF YEARLY FINANCIAL PERFORMANCE Financial FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Growth Comparative Data ($’000) 1st HY 2nd HY 1st HY 2nd HY 1s
Slide 5: 78% of revenue derived from real estate agents
Across the group, 78% of revenue is derived from real estate agents For personal use only REVENUES BY CUSTOMER TYPE Total = $91.9 m Source: REA Group Analyst presentation - REA - 1H FY10 results 5
Slide 6: Country performance: EBITDA margins up from 33% to 41%
EBITDA margins for the Group up from 33% to 41% due to improved strong operational results across operations For personal use only COUNTRY PERFORMANCE Country Revenue EBITDA Margin in $’000 1st Half Year 2010 Australia 84,513 44,602 53% Italy 3,720 (3,349) (90)% Other overseas countries 3,634 (443)
Slide 7: Country performance: Australia
For personal use only COUNTRY PERFORMANCE Growth and improved performance in the core market of Australia realestate.com.au and realcommercial.com.au sare the #1 sites for real estate in Australia Australian revenues up by 15% despite a residential subscription price freeze Higher take-up of d
Slide 8: Australia at a glance
The Australian business has delivered growth across all key dimensions For personal use only AUSTRALIA AT A GLANCE Paying Agents ARPA (Average Revenue Per Agent) 9,329 10,000 1,400 9,000 1,200 8,000 7,000 1,000 6,000 800 5,000 4,000 600 3,000 400 2,000 200 1,000 0 0 Dec-01 Dec-02 Dec-03 Dec-04 Dec-0
Slide 9: realestate.com.au leading Australian residential real estate site
realestate.com.au continues to be the leading Australian residential real estate site For personal use only Paying Subscribers Listings 700,000 8,800 8,592 650,000 544,677 8,600 600,000 8,400 550,000 8,200 500,000 8,000 450,000 7,800 400,000 7,600 350,000 300,000 7,400 Jun-07 Dec-07 Jun-08 Dec-08 Ju
Slide 10: realcommercial.com.au number one commercial real estate site
realcommercial.com.au has further consolidated its position as the number one commercial real estate site in Australia For personal use only Paying Subscribers Listings 122,272 1,400 130,000 1,345 1,350 120,000 1,300 1,250 110,000 1,200 100,000 1,150 90,000 1,100 1,050 80,000 1,000 70,000 950 900 60
Slide 11: Country performance: Italy
For personal use only COUNTRY PERFORMANCE Growth and improved performance in the core market of Australia Continued successful expansion in Italy casa.it is the #1 site for real estate in Italy Growth in paying agents doubled on same period last year 9,140 agents (or ~29% of the total market
Slide 12: casa.it continues to lead the emerging Italian market
casa.it continues to lead the emerging Italian market For personal use only Paying Agents 10,000 9,140 9,000 8,000 7,000 6,000 5,000 4,000 3,000 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09 Unique Browsers (based on Nielsen Market Intelligence) Shows relative size of sites in Italian market based on pa
Slide 13: Country performance: other overseas countries
For personal use only COUNTRY PERFORMANCE Growth and improved performance in the core market of Australia Continued successful expansion in Italy Portfolio and performance of other overseas countries significantly improved athome.lu and its partner sites are #1 in the Greater Luxembourg region
Slide 14: Hong Kong and athome Group key facts
For personal use only Hong Kong athome Group (Luxembourg, France, Germany) Online eMagazine Print Online TV Data Print Services On RTL KEY FACTS KEY FACTS Hong Kong H1/FY09 H1/FY10 Growth athome Group H1/FY09 H1/FY10 Growth Revenue HK$6.2m HK$5.0m (19%) Revenue €1.6m €1.7m 6% EBITDA margin (57%) (30
Slide 15: Country performance: IT infrastructure investment
For personal use only COUNTRY PERFORMANCE Growth and improved performance in the core market of Australia Continued successful expansion in Italy Portfolio and performance of other overseas countries significantly improved Significant investment in IT infrastructure balanced by strict expens
Slide 16: Innovation
For personal use only INNOVATION 16 Analyst presentation - REA - 1H FY10 results
Slide 17: Disclaimer
Disclaimer For personal use only The material herein is a presentation of non-specific background information about the Company’s current activities. It is information given in summary form and does not purport to be complete. Investors or potential investors should seek their own independent advice