Frontier Digital Ventures Ltd. · ASX:FDV
Frontier Digital Ventures — Q1 2025 Earnings Presentation
27 slides from Frontier Digital Ventures's earnings presentation, Apr 28, 2025
Slide 1: 1Q 2025 Trading Update
rsonal use only Leading online classifieds marketplaces in emerging regions 1Q 2025 Trading Update ASX: FDV | 28 April 2025
Slide 2: About FDV
ABOUT FDV Leading online classifieds marketplaces in emerging markets Market leaders in all regions rsonal use only FDV operates market-leading classifieds platforms in each of its core regions— Proven profitable marketplace model 360 LATAM, MENA Marketplaces Group, and FDV Asia Classifieds marketpl
Slide 3: Contents
CONTENTS rsonal use only 1. 1Q 2025 highlights 4 2. 360 LATAM trading update 9 3. MMG trading update 13 4. FDV Asia trading update 15 5. FDV overview 19 6. Appendix 23 3
Slide 4: 1Q 2025 Highlights
1Q 2025 HIGHLIGHTS rsonal use only Positive Zameen 8% to 246% Revenue growth A$11.2m free cash flow improvement At the FDV Group EBITDA growth Revenue +22% Cash balance level across all regions EBITDA +267% A$0.6m on prior quarter Note: Revenue and EBITDA growth rates relative to prior corresponding
Slide 5: 1Q 2025 Free Cash Flow
1Q 2025 FREE CASH FLOW Positive quarterly free cash flow in 1Q 2025, with all region's free cash flow positive rsonal use only Quarterly free cash flow 1Q 2025 free cash flow breakdown (A$m) (A$m) 2.0 0.6 Predominantly employee, board, listing (0.8) and operating costs paid centrally for hosting on
Slide 6: 1Q 2025 Summary Results
1Q 2025 SUMMARY RESULTS rsonal use only Quarterly operating • 360 LATAM: A$11.6m revenue in 1Q 2025, down 10% on pcp, but 21% on pcp when excluding InfoCasas revenue • MENA Marketplaces Group (MMG): A$2.4m revenue in 1Q 2025, 23% on pcp A$20.0m • FDV Asia (Consolidated entities): Record A$2.2m reven
Slide 7: 1Q 2025 Operating Results
1Q 2025 OPERATING RESULTS Group operating revenue of A$20.0m, increasing 4% on pcp, and EBITDA of A$2.8m, increasing 68% on pcp rsonal use only Group operating revenue Group operating EBITDA (A$m) (A$m) +4% +68% on pcp on pcp 21.9 20.0 20.0 20.0 2.8 19.2 2.9 2.4 2.0 1.4 11.6 1.9 1.7 1.6 1.5 12.9 1.4
Slide 8: CEO commentary
FDV has experienced a strong start to 2025, delivering positive free cash flow in rsonal use only 1Q 2025 at the FDV Group level, as well as across all regions. Importantly, we remain committed to sustaining this performance throughout the year, supported by ongoing strategic initiatives to optimise
Slide 9: 360 LATAM
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Slide 10: LATAM Trading Update
360 LATAM TRADING UPDATE Revenue and EBITDA has been impacted by InfoCasas as the business transitions to a new transactions model. Excluding InfoCasas, 360 LATAM grew revenue by 21% on pcp and EBITDA by 61% on pcp rsonal use only 360 LATAM revenue 360 LATAM EBITDA (A$m) (A$m) 14.8 12.9 13.3 1.4 1.4
Slide 11: Iris & Centrify
IRIS & CENTRIFY Iris continues to deliver a strong performance, with revenue increasing 75% on pcp, as the region continues the transition to an Iris-led transactions model rsonal use only Iris revenue Centrify revenue (A$k) +75% (A$m) on pcp 758 2.5 689 635 579 (16%) 1.7 on pcp 419 1.6 1.6 358 433
Slide 12: Fincaraíz Snapshot
FINCARAÍZ SNAPSHOT Fincaraíz is the leading classifieds platform in Colombia and has delivered strong revenue and earnings growth rsonal use only 4.50 Revenue and EBITDA 75% Business update (A$m) • Strategic technology investments in 2024 are 3.8 already generating results, with enhanced cross- 3.7
Slide 13: MENA Marketplaces Group
rsonal use only 13
Slide 14: MMG Trading Update
MMG TRADING UPDATE Revenue of A$2.4m in 1Q 2025, up 23% on pcp, and EBITDA of A$0.23m, up 55% on pcp rsonal use only MMG revenue MMG EBITDA (A$m) (A$m) 2.9 2.4 2.4 2.4 2.0 0.27 0.23 0.15 0.13 0.13 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 • MMG recorded EBITDA o
Slide 15: FDV Asia
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Slide 16: FDV Asia Trading Update
FDV ASIA FDV ASIA TRADING UPDATE Record quarterly revenue of A$2.2m in 1Q 2025, up 52% on pcp, and quarterly EBITDA of A$0.14m, up 8% on pcp rsonal use only FDV Asia (Consolidated) revenue FDV Asia (Consolidated) EBITDA (A$m) (A$m) 2.2 1.8 1.5 1.6 1.2 0.18 0.13 0.14 0.08 0.00 1Q 2024 2Q 2024 3Q 2024
Slide 17: FDV Asia Associates Trading Update
FDV ASIA ASSOCIATES TRADING UPDATE Revenue of A$3.8m, increasing 28% on pcp, and strong EBITDA performance of A$1.0m, up 246% on pcp rsonal use only FDV Asia (Associates) revenue FDV Asia (Associates) EBITDA (A$m) (A$m) 3.8 3.5 1.01 3.0 3.1 3.1 0.7 0.7 0.19 0.5 0.5 0.6 3.1 0.35 0.36 0.34 2.5 2.6 2.5
Slide 18: PakWheels Snapshot
FDV ASIA PAKWHEELS SNAPSHOT PakWheels is Pakistan’s leading auto classifieds marketplace, with accelerating revenue and EBITDA growth over the last two years rsonal use only 1.00 Revenue and EBITDA 100% Business update (A$m) 0.90 90% • Successfully executed 7 major car launch events while securing n
Slide 19: FDV Overview
rsonal use only FDV Overview 19
Slide 20: Market Leading Brands Spanning Three Key Regions
MARKET LEADING BRANDS SPANNING THREE KEY REGIONS Market leading classifieds marketplace businesses now generating revenue from ancillary opportunities and transactions rsonal use only FDV ASIA #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 100% ownership 100% ownership Ownership levels vary from 30% to 56%
Slide 21: Proven Business Model
PROVEN BUSINESS MODEL Highly successful online business model with unique opportunity to facilitate transactions in emerging markets rsonal use only Business model Market characteristics Classifieds Ancillary Transactions • Opportunity to generate • Lower levels of trust between • Agents and develop
Slide 22: Opportunity in Emerging Markets
OPPORTUNITY IN EMERGING MARKETS Online classifieds marketplaces have significant leverage to population and economic factors, with emerging markets amplifying the opportunity rsonal use only Population GDP Internet penetration Mobile connections 656m A$4.0tn 73% 128% Population of FDV‘s markets Aggr
Slide 23: Appendix
rsonal use only APPENDIX 23
Slide 24: Operating Metrics by Operating Company
OPERATING METRICS BY OPERATING COMPANY rsonal use only Monthly visits (m) Average visit duration (minutes) Core markets Competitor FDV Competitor FDV Competitor 360 LATAM Encuentra24 Costa Rica, Panama Mercadolibre.com.pa 2.7 0.8 6:41 1:59 Fincaraíz Colombia Metrocuadrado.com 3.6 3.7 6:52 5:53 Yapo
Slide 25: Quarterly Revenue & EBITDA Local Currency Growth Rates
QUARTERLY REVENUE & EBITDA LOCAL CURRENCY GROWTH RATES rsonal use only Revenue EBITDA Ownership % AUD growth Local currency growth AUD growth Local currency growth 360 LATAM Encuentra24 Consolidated 100% 24% 18% 54% 47% Fincaraíz Consolidated 100% 22% 24% 22% 24% Yapo Consolidated 100% 16% 13% 111%
Slide 26: Contact Us
CONTACT US rsonal use only PRINCIPAL OFFICE 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia www.frontierdv.com www.frontierdv.com ABOUT FDV This announcement is authorised for release by the Board Frontier Digital Ventures (FDV) is a leading owner and operator of of
Slide 27: Disclaimer
DISCLAIMER rsonal use only The material contained in this presentation is non-specific and is a summary of the background to the Company's activities. As this information is in a summary form it is not intended to be complete. Independent advice should be sought by investors or potential investors.
Frontier Digital Ventures — Q1 2025 Earnings Presentation on 6ix