Rea Group Ltd · ASX:REA
Rea — Shareholder Meeting (November 2022)
27 slides from Rea's shareholder meeting presentation, Nov 10, 2022
Slide 1: ASX Announcement: REA Group 2022 Annual General Meeting
ASX Announcement 10 November 2022 REA Group Ltd 2022 Annual General Meeting For personal use only Please see attached the addresses to be delivered by the Chairman and CEO at REA Group Ltd’s Annual General Meeting today. -ends- For further information, please contact: REA Group Ltd Investors: REA Gr
Slide 2: Chairman's address: Hamish McLennan
Hamish McLennan, Chairman’s address REA Group finished FY22 in an extremely strong position, delivering an exceptional financial result and achieving meaningful progress on strategic priorities. The For personal use only business again rose to the challenges of the pandemic in the first half and sea
Slide 3: Chairman's address (continued): business evolution
REA’s business model has evolved over the last decade, transitioning from a residential listing portal to a property, finance and data business. As shown on this slide, this evolution has brought together more than 15 complementary property- centric brands and marketplaces over time. Combined, these
Slide 4: CEO's address: Owen Wilson
Owen Wilson, CEO’s address Thank you Hamish and good morning everyone. The 2022 financial year was an outstanding year for REA Group. The strength of our For personal use only product portfolio enabled us to fully capitalise on healthy market conditions to deliver an exceptional financial performanc
Slide 5: CEO's address (continued): rental platform and Premiere+
At a time when the market presents significant challenges for renters, we were pleased to launch our enhanced Rental Applications platform. This new platform simplifies the rental process for renters, landlords and property managers. Our goal is to remain Australia’s first choice for digital propert
Slide 6: CEO's address (continued): global footprint
the re-launch of property.com.au. This research site offers the full picture on every property – whether it’s for sale or not and has 15 million searchable properties 17. Growth in global footprint For personal use only Globally, REA India is on a clear pathway to become the number one digital prope
Slide 7: CEO's address (continued): Q1 FY23 results
the heightened attention around cyber security and the ongoing evolution of the threats against corporations and individuals. As a digital business the security and privacy of personal information has always been a key focus of REA. In FY22, we increased our investment in cyber security by 40% and o
Slide 8: CEO's address (continued): outlook and leadership team
REA is well positioned in this market with a strong balance sheet, low debt levels and strong cash balance. As sellers seek to differentiate their properties in a softer market the strength of our audience and the value of our premium products has become increasingly compelling. For personal use onl
Slide 9: Footnotes
1 Reported results adjusted for significant non-recurring items such as restructure costs, gain/loss on acquisitions, disposals and closure of subsidiaries, associates and operations, associate IPO and restructuring costs, and integration costs. The prior year comparative also includes a historic ta
Slide 10: REA Group Ltd Annual General Meeting November 2022
For personal use only REA Group Ltd 10 November 2022 Annual General Meeting 9.00am (AEDT)
Slide 11: Chairman's Address
10 November 2022 For personal use only Chairman’s Address Hamish McLennan Chairman REA Group Ltd • Annual General Meeting
Slide 12: Exceptional financial growth
Exceptional financial growth For personal use only Core revenue1,2 Core EBITDA1,3 Core net profit1,4 $1,170m $671m $408m +26% +21% +25% $408m $1,170m $671m $326m $928m $556m $295m $875m $515m $280m $820m $492m $269m $808m $471m FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY
Slide 13: Excellent FY22 results delivered
Excellent FY22 results delivered For personal use only FY22 return on average FY22 core EBITDA FY22 cash closing shareholders equity1,2 margin1,3 position 34% 57% $248m FY22 earnings per FY22 dividend per Current share share1 share price4 $3.08 $1.64 $119.09 +25% YoY +25% YoY -33% YoY (1) Financial
Slide 14: Share price growth
Share price growth1 For personal use only 300 250 200 Relative Share Price 150 100 50 - Nov-2018 Nov-2019 Nov-2020 Nov-2021 Nov-2022 REA Group Limited Average Australian Online Classifieds 2 ASX 100 (1) Share prices are for the period 1 Nov 2018 – 7 Nov 2022. (2) Average Australian Online Classified
Slide 15: We have evolved from a residential listing portal to a property, finance and data business
We have evolved from a residential listing portal to a property, finance and data business For personal use only Growing online Driving subscriptions to depth Building the next generation marketplaces classifieds to mobile to personalisation Residential Consumer Commercial Experiences Share accommod
Slide 16: CEO's Address
10 November 2022 For personal use only CEO’s Address Owen Wilson Chief Executive Officer REA Group Ltd • Annual General Meeting
Slide 17: Clear strategy driving significant growth
Clear strategy driving significant growth For personal use only Largest audiences, Consumer Experiences most engaged consumers Customer Value Property Data Building the next generation Financial Services marketplaces Global Superior Unparalleled customer value data insights
Slide 18: Australia's #1 address in property
Australia’s #1 address in property For personal use only Total average Average monthly Average monthly monthly visits to realestate.com.au realestate.com.au Australia’s 7 th realestate.com.au on unique audience on app launches5 all platforms1 all platforms3 124.1m 12.7m 59m largest online brand6 Rea
Slide 19: Growth in loyal & active consumers driving quality customer leads
Growth in loyal & active consumers driving quality customer leads For personal use only Data-rich experiences driving consumer The first choice for digital property advertising engagement throughout the property lifecycle solutions delivering customer value Outstanding customer take up +25% YoY in a
Slide 20: Next generation marketplaces
Next generation marketplaces For personal use only Financial Services network growth and new brand • More than 1,000 brokers including 154 new recruits1 • Refreshed Mortgage Choice brand and national marketing campaign Unique data supercharging value in core products and driving new product growth •
Slide 21: Growth in global footprint
Growth in global footprint Expanding global For personal use only The #1 property portal in India 1 footprint • Exceptional pro forma revenue growth of 92% • Housing.com achieved audience leadership with an 2 average 14.2 million monthly visits, up 50% YoY3 • Housing Edge platform enabling the digit
Slide 22: Committed to a sustainable future
For personal use only Committed to Environment Social Governance a sustainable Strengthened commitment to environmental initiatives An inclusive and great place to work Identifying opportunities to improve ESG initiatives future 100% Green Energy across the majority of REA’s Australian Ongoing partn
Slide 23: Q1 FY23 financial results
Q1 FY23 financial results For personal use only Revenue1 Core operating expenses2 Core EBITDA2,3 $305m $131m $174m +16% +22% +11% (1) Revenue – refer to glossary for definition. (2) Financial results from core operations exclude significant non-recurring items such integration and restructuring cost
Slide 24: Current Trading
Current Trading For personal use only • Residential property market likely to see further price declines if rate rises continue. • However demand should continue to be underpinned by positive fundamentals, including low unemployment, high household savings and increasing international migration. • N
Slide 25: REA Group Executive Leadership Team
REA Group Executive Leadership Team For personal use only Owen Wilson Janelle Hopkins Henry Ruiz Anthony Waldron Melina Cruickshank Chief Executive Officer Chief Financial Officer Chief Strategy Officer and Chief Executive Officer Chief Product and Executive Director Chief Executive Officer REAx Fin
Slide 26: Glossary
Glossary For personal use only EBITDA Earnings before Interest, Tax, Depreciation and Amortisation excluding contributions from associates. Financial results from core Reported results adjusted for significant non-recurring items such as restructure costs, gain/loss on operations acquisitions, dispo
Slide 27: 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 independently verified. This presentation should be read in conjunct