Agency Group Australia Ltd · ASX:AU1
Agency Group Australia — Investor Presentation (August 2024)
22 slides from Agency Group Australia's investor presentation, Aug 29, 2024
Slide 1: FY2024 Investor Presentation
FY2024 Investor Presentation 28 August 2024
Slide 2: FY24 Key Takeaways
FY24 Key Takeaways FY24 Investor Presentation 2 Underlying EBITDA1 Revenues from Ordinary Activities (FY23: -$1,297K) (FY23 : $76.9M) Property Management Portfolio Value2 Estimated Net Assets (FY23: $27.91M) (FY23 : $29.08M) Gross Value of Properties Sold No. of Properties Sold (FY23 : $5.3B) (FY23
Slide 3: Record transaction volume underpinned growth in other metrics
FY24 Investor Presentation 3 Record transaction volume $6.5bn $102.5m $112.5m underpinned growth $5.9bn $5.3bn $95.4m in other metrics 573,365584,641 5,709 5,734 6,239 $4.8bn $80.7m 508,610 4,964 468,218 415,549 $2.9bn $47.9m 3,147 Record result of 6,239 transactions under pinned record Gross Sale V
Slide 4: A growing brand with 433 agents with presence across six states and territories
FY23 Investor Presentation 4 A growing brand with 433 agents with presence across six states and territories. The Agency group of brands achieved #2 market share in Western Australia in FY241 with 9% market share in the Perth and greater metropolitan region where we operate. Our focus to continue to
Slide 5: Over 10,000 investment properties managed by The Agency
FY24 Investor Presentation 5 Over 10,000 investment properties managed by The Agency As at 31 December 2024, The Group managed 10,168 (30 June 2023: 5,978) properties on behalf of landlords. The property management business is comprised of 5,256 (30 June 2023: 5,018) that are owned by the Agency and
Slide 6: FY24 Investor Presentation
FY24 Investor Presentation 6
Slide 7: Business Performance Update
FY24 Investor Presentation 87 Business Performance Update Record GCI result Consistent cost of doing business ratio in FY24 to FY23 which allowed significant investment in recruitment, technology, new premises due to the MDC Trilogy Alliance and establishment of second FY24 GCI of $112.5m was a reco
Slide 8: Significant shareholder value held off Balance Sheet
FY24 Investor Presentation 88 Significant shareholder value + The value attached to internally generated Property Management and remaining Mortgage book is not recorded in the balance sheet. Despite the value of the property held off Balance Sheet management portfolio increasing in the period, under
Slide 9: FY24 Investor Presentation
FY24 Investor Presentation 9
Slide 10: Market Update
FY24 Investor Presentation 10 Market Residential Real Estate $10.8 Tn Update. Australian Superannuation $3.9 Tn 56.2% of Australian Household Wealth is held in Residential Housing with a Australian Listed Stocks $3.1 Tn $6.9 Billion annual addressable sales commission market. Commercial Real Estate
Slide 11: FY24 Market Sales Volume
FY24 Investor Presentation 11 Change in sales volumes, twelve months to June 2024 FY24 Market Sales NSW 12.0% Volume VIC 10.0% QLD 5.1% In the twelve months to 30 June 2024, Australian market volumes have increased 8.6% from FY23 levels, with SA 7.2% stronger growth in key NSW and WA states. WA 9.6%
Slide 12: State Breakdown of Sales
FY24 Investor Presentation 12 State Breakdown of Transactions Volume State Breakdown (12 months to June 2024) of Sales. WA; 68,032; 13% NSW; 151,581; 30% In the twelve months to 30 June2024, NSW SA; 33,632; 6% represented 30% of the national sales volume, followed closely by Queensland at 24% and Vi
Slide 13: Investor Participation
FY24 Investor Presentation 13 Investor Portion of new lending for investment housing Investors as a % of housing finance Participation (excluding refinance) commitments by state (Dec’23) ACT 38.0% Investor Participation at 37.1% is above the TAS 28.6% decade average of 33.9%. NSW is the state with t
Slide 14: FY24 Investor Presentation
FY24 Investor Presentation 14
Slide 15: FY2025 Outlook
FY24 Investor Presentation 15 FY2025 Outlook Stable volumes Greater price stability. Shift towards larger Market consolidation to Mixed consumer expected agent teams. continue. sentiment. Australian FY24 volumes Strong price growth in Perth is Continued shift to Super Agent Market Consolidation FY25
Slide 16: FY24 Investor Presentation
FY24 Investor Presentation 16
Slide 17: Profit and loss statement
FY24 Investor Presentation 17 Profit and loss statement. UNDERLYING1 STATUTORY ($M) FY24 FY23 Change FY24 FY23 Change Revenue 87.97 76.93 14.4% 87.97 76.93 14.4% Cost of Sales (58.97) (52.46) 12.4% (58.97) (52.46) 12.4% Gross Profit 29.00 24.25 19.6% 29.00 24.47 18.5% Other Income 0.57 0.48 n.m 0.67
Slide 18: Balance Sheet
FY24 Investor Presentation 18 Balance Sheet. UNDERLYING1 ($M) 30 June 2024 30 June 2023 Change 4.90 4.63 +5.8% Cash at Bank 15.00 13.24 +13.3% Other Current Assets 27.05 31.85 -15.0% Non Current Assets 46.96 49.72 -5.5% Total Assets (27.76) (21.66) +28.2% Total current liabilities (11.30) (15.52) -2
Slide 19: Cashflow Statement
FY24 Investor Presentation Cashflow Statement. FY24 Investor Presentation 19 19 1HFY24 FY24 (Statutory) FY23 (Statutory) ($M) (Underlying)* (Post AASB16) (Post AASB16) (Pre AASB16)^ EBITDA (0.45) 1.60 0.90 Change in net working capital 0.80 1.20 (0.63) Net interest Paid (0.71) (0.71) (0.71) Net Cash
Slide 20: Andrew Jensen / David Tasker
FY24 Investor Presentation 20 Andrew Jensen Executive Chairman andrewjensen@theagency.com.au David Tasker Chapter One Advisors dtasker@chapteroneadvisors.com.au
Slide 21: Important notice and disclaimer
21 FY24 Investor Presentation 21 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 that other offer
Slide 22: THE AGENCY
THE AGENCY
Agency Group Australia — Investor Presentation (August 2024) on 6ix