Hemnet Group Ab · OMXSTO:HEM
Hemnet Group Ab — Shareholder Meeting (April 2024)
22 slides from Hemnet Group Ab's shareholder meeting presentation, Apr 25, 2024
Slide 1: Hemnet Group AB (publ) Annual General Meeting
Welcome to the Hemnet Group AB (publ) Annual General Meeting 25 April 2024 Hemnet Group AB (publ)｜Sveavägen 9 ｜111 57｜Stockholm｜Sweden
Slide 2: Agenda
Agenda Opening of AGM Chair of the AGM Chairperson’s address Anders Nilsson, Chair Year in review Cecilia Beck-Friis, CEO Nomination Committee Andreas Haug, Vor Capital Closing of AGM 2
Slide 3: Hemnet is the Swedish property market
9/10 42 million Hemnet is the Swedish Share of sold properties in Visits per month Sweden listed on Hemnet property market Source: Hemnet (2022), Statistics Sweden Source: Hemnet (2023) ~100% 19 x Share of organic traffic Number of visits in average per listing vs. #2 property portal Source: Hemnet (2
Slide 4: 2023 Financial Summary
2023 Financial Summary Net sales growth ARPL growth EBITDA growth +13% +37% +17% SEK 1.0Bn SEK 4,490 SEK 525.5m / 52.3% margin Key metrics Published listings Cash conv. / FCF Leverage / Net debt Headcount -11.6% 91.8% 0.8x 154 175.3 thousand SEK 440.1m SEK 438.1m Employees at year end 4
Slide 5: Proven track record of net sales growth with operating leverage
Hemnet has a proven track record of net sales growth with operating leverage Net sales 5-year CAGR 22% EBITDA 5-year CAGR 33% Hemnet aims to achieve annual net sales growth of 15-20 percent Hemnet aims to achieve an adjusted EBITDA margin of over 55 percent in the long term 5 Note: rounded growth nu
Slide 6: Examples of innovation and product development
Examples of innovation and product development Buyers Sellers Agents Republishing included in Photos on sold properties Sold by Us Premium package Pay when listing is removed My Home Ecosystem for agent search (PLiR) 23-day rule change for republishing 6
Slide 7: Levers to drive sustainable ARPL growth
We have developed several levers to drive sustainable ARPL growth ARPL Growth Levers Product Recommendations Timing of payment Pricing (Increasing no. of recommending (Features & value) (Pay when listing is removed) (Finding the right price) agents) ● Product and package ● Increasing % of agents ● C
Slide 8: Our sustainability efforts during 2023
Our sustainability efforts during 2023 Additional details available in the Sustainability Report ● Completed a full greenhouse gas screening Sustainability framework and focus areas ● Long-term target to reach net-zero emissions by 2050 approved by the Science Based Targets initiative (SBTi) ● Integ
Slide 9: ~SEK550m returned through dividends and buybacks since previous AGM
~SEK550m returned through dividends and buybacks since previous AGM Shares outstanding Program information Adjusting for shares to be cancelled ● The buy-back program that was announced on 27 April 2023 is hereby completed and a total of 2,015,399 ordinary shares have been repurchased for a total am
Slide 10: Thank you!
Thank you! 10
Slide 11: Andreas Haug
Andreas Haug Member of the Nomination Committee Representing Vor Capital LLP 11
Slide 12: The Nomination Committee of Hemnet Group AB
The Nomination Committee of Hemnet Group AB Andreas Haug Jonas Bergh Per Johansson Celia Grip Anders Nilsson (Chair) Nominated by: Vor Nominated by: Nominated by: Nominated by: Chair of Capital LLP Mäklarsamfundet Didner & Gerge Swedbank Robur Hemnet Group AB Bransch i Sverige AB Fonder (publ) % of
Slide 13: Nomination committee's proposals (summary)
Nomination committee’s proposals (summary): Item 1 - Election of the chair of the annual Attorney Björn Kristiansson is proposed as chair general meeting Item 12 A - Determination of the number of 7, and that no deputy board members shall be appointed. board members and deputy board members Item 12
Slide 14: Nomination committee's proposals (summary)
Nomination committee’s proposals (summary): Item 14 - Election of board To be presented in the following pages members Item 15 - Election of chair of Anders Nilsson (re-election) the board of directors Item 16 - Election of auditor Based on the audit committee's recommendation it is proposed that Er
Slide 15: Item 14 Election of board members
Item 14 Election of board members 15
Slide 16: Anders Nilsson (Chair) and Anders Edmark
Anders Nilsson Anders Edmark (Chair) Real estate agent and CEO for real estate agency Mäklarhuset Anders Nilsson has many years of experience from executive and leading Örnsköldsvik. Chair of the Board of Directors of Mäklarsamfundet Bransch i positions within Swedish consumer-oriented, technology-d
Slide 17: Håkan Hellström and Tracey Fellows
Håkan Hellström Tracey Fellows Real-estate agent and CEO of Svensk Fastighetsförmedling Sydost. Chair Tracey Fellows is a senior executive and board professional with vast of parent company of Svensk Fastighetsförmedling AB. Vice Chair of experience from property portals as well as media and technol
Slide 18: Nick McKittrick and Maria Redin
Nick McKittrick Maria Redin Nick McKittrick has extensive experience from the industry. Previous roles President and CEO of MTG. Prior to this, Maria has held several executive include co-founding executive and CEO of Rightmove and CEO and board roles and board-positions in the Kinnevik- Group, incl
Slide 19: Rasmus Järborg – New election
Ne w Rasmus Järborg ele cti on Rasmus Järborg is a senior executive with vast experience from product development and finance. Chief Product Officer & Deputy at Nordnet. E&X Coach at SSE Business Lab. Previous positions include: Chair of the Board of Shareville. Chief Strategy Officer at SEB. Direct
Slide 20: Agenda
Agenda Opening of AGM Chair of the AGM Chairperson’s address Anders Nilsson, Chair Year in review Cecilia Beck-Friis, CEO Nomination Committee Andreas Haug, Vor Capital Closing of AGM 20
Slide 21: IR Contacts
Financial calendar IR Contacts IR Contacts 18 Jul 2024 Interim report Q2 2024 Anders Örnulf 24 Oct 2024 Interim report Q3 2024 CFO +46 727 32 10 12 anders.ornulf@hemnet.se Nick Lundvall IR Manager +46 761 45 21 78 nick.lundvall@hemnet.se www.hemnetgroup.com 21
Slide 22: Disclaimer
Disclaimer This presentation may contain forward-looking information and statements with respect to the financial condition, results of operation and business of Hemnet Group AB (publ) (the "Company"). Such forward-looking information and statements are based on current expectations, estimates and pr