Real Matters, Inc. · TSX:REAL
Real Matters — Q1 2025 Earnings Presentation
8 slides from Real Matters's earnings presentation, Jan 30, 2025
Slide 1: Q1 2025 Financial Results
Q1 2025 FINANCIAL RESULTS January 30, 2025 (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: Q1 2025 Highlights
Q1 2025 Highlights • Consolidated revenue +16% YoY from growth across all three segments. • Delivered leading performance on scorecards. • Launched five new clients and grew market share. • Broad title pipeline movement: confident we will have new, active franchise clients in the coming months. • St
Slide 4: Q1 2025 Highlights by Segment
Q1 2025 Highlights U.S. Appraisal $41.0M • Revenues +9% YoY due to net market share increases with existing and new clients, higher addressable refinance market volumes, offset by lower addressable purchase market volumes +16% YoY • Net Revenue1 +4% YoY and Net Revenue1 margin of 26.5% (within Targe
Slide 5: Q1 2025 Financial Highlights
Q1 2025 Financial highlights millions of U.S. dollars Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 QoQ Change YoY Change Revenues U.S. Appraisal $29.4 $33.8 $37.5 $32.6 $26.8 -13% 9% U.S. Title 2.5 2.4 2.1 2.0 2.0 4% 25% Canada 9.1 9.4 9.9 7.6 6.6 -3% 38% Consolidated Revenues $41.0 $45.6 $49.5 $42.2 $35
Slide 6: Non-GAAP Measures
Q1 2025 Non-GAAP Measures millions of U.S. dollars Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 QoQ Change YoY Change Net Revenue1 U.S. Appraisal $7.8 $9.0 $10.3 $9.2 $7.5 -14% 4% 1 Net Revenue Margin 26.5% 26.7% 27.6% 28.3% 27.9% U.S. Title 1.4 1.2 0.9 0.9 1.0 12% 41% 1 Net Revenue Margin 53.4% 49.8% 43
Slide 7: 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: millions o
Slide 8: Appendix A – Non-GAAP Measures
Appendix A – Non-GAAP Measures Adjusted EBITDA represents net income or loss before stock-based compensation expense, amortization, restructuring expenses, interest expense, interest income, net foreign exchange gain or loss, gain or loss on fair value of derivatives and income tax expense or recove