Web Travel Group Limited · ASX:WEB
Web Travel — FY26 Earnings Presentation
27 slides from Web Travel's earnings presentation, May 28, 2026
Slide 1: FY26 Results
FY26 Results. Investor Briefing – 27 May 2026 1
Slide 2: Contents
Contents. Welcome to our FY26 Results Briefing presentation. For ease of use, each section title slide is a link back to this page. FY26 Group Summary WebBeds Update FY26 Financial Summary FY27 Outlook 2
Slide 3: FY26: Market-leading growth without margin compromise
FY26: Market-leading growth without margin compromise. Underlying Group Underlying Underlying TTV REVENUE EBITDA EBITDA NPAT EPS $5.8bn $394.1m $172.7m $148.4m $85.9m 23.8 cents 20% onFY25 20% onFY25 24% onFY25 23% onFY25 8% onFY25 16% onFY25 Market Share Growth Revenue up WebBeds EBITDA up Group EB
Slide 4: WebBeds
WebBeds. A global B2B travel marketplace servicing the travel trade. 4
Slide 5: WebBeds - FY26 Key Metrics
WebBeds - FY26 Key Metrics. BOOKINGS TTV REVENUE EBITDA 9.9 $5.8 $394.1 $172.7 million billion million million Significant organic growth in In line with bookings growth TTV margins expanding Reflecting operating leverage Americas and Europe 5
Slide 6: WebBeds - FY26 Overview
WebBeds - FY26 Overview. WebBeds 1H26 2H26 FY26 1H25 2H25 FY25 Change Bookings (‘000s) 5,066 4,824 9,890 4,299 4,096 8,395 18% Average Booking Value $626 $550 $589 $602 $556 $580 2% TTV $3,170m $2,653m $5,823m $2,590m $2,278m $4,868m 20% Revenue $204.6m $189.5m $394.1m $170.4m $158.0m $328.4m
Slide 7: $1Bn incremental TTV delivered at improved margin
$1Bn incremental TTV delivered at improved margin. TTV margins improved in 2H. 21% higher TTV with improved margin. We delivered $1 billion of incremental TTV in FY26 at an improved TTV margin, demonstrating disciplined growth and margin resilience 1H26 2H26 FY26 Optimisation initiatives and investm
Slide 8: Impact of Middle East conflict in March
Impact of Middle East conflict in March. Accelerated Bookings growth until March. YOY % Movement 1H26 Oct-Feb March 2H26 FY26 • Middle East represented 11% of our total TTV in FY25. Bookings 18% 19% 11% 18% 18% • Bookings and TTV growth continued to accelerate in 2H26 (CC1) with March impacts reflec
Slide 9: Pillars of Growth are delivering
Pillars of Growth are delivering. 01 02 03 Growing Growing Our New Customers, Conversion. 4X the Existing Portfolio. Supply & Markets. underlying Underlying market growth consistent Customer wins in all markets and Increased volume from conversion with FY25 increased sales of new direct contracts in
Slide 10: Regional review
Regional review. Strongest growth in Americas & Europe. Bookings. TTV - EUR. Americas Americas Strongest growth driven by continued new client wins & market share gains from existing clients. TTV reflects the c. 7% EUR/USD FX headwinds for the 41% on FY25 30% on FY25 year with c. 9% in 2H26. Europe
Slide 11: WebBeds in an AI world
W) web travel group Webseds WebBeds=™®. ff in an Al webtravelgroup.com
Slide 12: WebBeds is the infrastructure in an AI world
WebBeds is the infrastructure in an AI world. LLMs are great at understanding & recommending – but they can't book what they don't have access to. WebBeds’ existing product, just consumed differently. 12
Slide 13: WebBeds plays a valuable data aggregation role
WebBeds plays a valuable data aggregation role. The interface through which travel is booked may be changing, but the supply complexity underneath is not – fragmented hotel systems, inconsistent data, contracting/rate rules, settlement, post booking servicing and accountability concerns continue to
Slide 14: AI plays an important role internally
AI plays an important role internally. A range of initiatives underway across the business. Improving Conversions. Cost Efficiencies. Customer Experience. Helps drive revenue growth and margin optimisation Productivity gains and operating leverage through Improving the product experience for custome
Slide 15: Significant opportunities in an AI world
Significant opportunities in an AI world. Growth of AI agents helps WebBeds become more valuable. Direct access is hard to get so aggregation becomes essential Direct hotel static & dynamic contracts and their allotments require relationship infrastructure that cannot be replicated cheaply Settlemen
Slide 16: FY26 Financial Summary
web travel group FY26 7 Financial summary Webtrdvelgroup.com
Slide 17: FY26 - Financial Summary
FY26 - Financial Summary. WEB Travel Group Statutory Results Underlying Operations Note Continuing Operations FY26 FY25 FY26 FY25 Non-operating expenses are excluded from Revenue $394.1m $328.4m $394.1m $328.4m Underlying Operations to provide a better Expenses ($221.4m) ($189.6m) ($221.4m) ($189.6m
Slide 18: NPAT reflects full year of standalone costs post demerger
NPAT reflects full year of standalone costs post demerger. Corporate overheads. Depreciation & Amortisation.(1) Net Interest & Finance Costs. $24.3m $32.0m $12.7m $6.1m higher than FY25 $9.4m higher than FY25 $9.0m higher than FY25 • FY25 includes a pro-forma allocation for • FY25 includes a pro-for
Slide 19: FY26 - Balance Sheet
FY26 - Balance Sheet. A$m Mar-26 Mar-25 Strong balance sheet and liquidity providing flexibility. Cash & cash equivalents 448.1 363.6 Cash and Cash Equivalents • $150m share buyback completed 2H25. Refer slide 21 for pro-forma impact of Convertible Trade receivables 274.5 277.9 Note redemption April
Slide 20: FY26 - Cash Flow
FY26 - Cash Flow. A$m Statutory Pro-forma Statutory Strong free cash flow generation from a scalable FY26 FY25 FY25 Statutory EBITDA 124.5 77.7 93.7 business model. Change in working capital and non-cash items 37.7 7.4 (2.0) Cash from Operations • Earnings key driver of cash generation Income tax pa
Slide 21: Capital Structure & Liquidity
Capital Structure & Liquidity. A$m 31 March 2026 Pro-forma post redemption A$250m Convertible Notes redeemed post-period end. Cash and cash equivalents (a) 448.1 398.1 All Convertible Notes have now been redeemed and cancelled Current Borrowings 249.6 0 Redemption funded through combination of exist
Slide 22: FY26 - CAPEX Summary
FY26 - CAPEX Summary. FY26 CAPEX. CAPEX directed toward platform, product and technology enhancements to support our growth initiatives Circa 90% of CAPEX on IT spend coupled with Targeted c$52million in OPEX, total investment of c$82million on technology investment supporting FY27 CAPEX. FY27 CAPEX
Slide 23: Outlook
Outlook. 23
Slide 24: FY27 trading update
FY27 trading update. Q1 FY27. Trading for the first 8 weeks of FY27 (year on year). Trading conditions in Q1 FY27 continue to be impacted by geopolitical Key metrics. instability in the Middle East, particularly across MEA and parts of APAC. Bookings TTV (CC) (1) TTV (AUD) While the operating enviro
Slide 25: Thank you
A further trading update will be provided at the AGM on 27 August 2026. All event information can be found on the Calendar page of our Investor Centre website Thank you. 26
Slide 26: Glossary & abbreviations
Glossary & abbreviations. 1H25 6 months ending 30 September 2024 2H25 6 months ending 31 March 2024 1H26 6 months ending 30 September 2025 2H26 6 months ending 31 March 2026 FY24 12 months ending 31 March 2024 FY25 12 months ending 31 March 2025 FY26 12 months ending 31 March 2026 FY27 12 months end
Slide 27: Important Notices & Disclaimer
Important Notices & Disclaimer. This presentation contains summary information about Web Travel Group Limited Forward-looking statements involve inherent risks, uncertainties and assumptions and other (Web Travel Group) and its activities current as at the date of this presentation (unless important