Hipages Group Holdings Ltd. · ASX:HPG
Hipages — Shareholder Meeting (November 2023)
24 slides from Hipages's shareholder meeting presentation, Nov 9, 2023
Slide 1: 2023 AGM - Chair and CEO Addresses (ASX Release)
ASX Release 9 November 2023 2023 AGM - Chair and CEO Addresses hipages Group Holdings Limited (ASX:HPG) (“hipages Group” or “the Company”), owner of hipages, Australia’s largest online tradie marketplace and Software-as-a-Service (SaaS) provider connecting tradies with residential and commercial con
Slide 2: Chair's address
Chair’s address Good morning shareholders and thanks for joining us today. I am pleased to report that FY23 was another year of strong execution for hipages Group, with the team progressing the marketplace to platform strategy while adapting to changing economic and trading conditions. While H1 was
Slide 3: Chair's address: ESG and board renewal
Last year we presented our first Environmental, Social and Governance (ESG) snapshot, which was an important step in reporting our environmental and social impact. This year, we undertook a benchmarking and gap analysis process which included a review of our governance practices, policies, procedure
Slide 4: CEO's address
CEO’s address Good morning all and thanks for your continued support of hipages Group. Award-winning culture Today I’d like to begin by acknowledging the efforts of the incredible hipages Group team, who are the key drivers of our success. The team did a great job this year to remain focused on deli
Slide 5: Strategic evolution from marketplace to platform
Job volumes continued to normalise, but total connections between tradies and consumers were up 8% in H2 on the pcp, which is a more accurate reflection of marketplace activity and lead indicator of future revenue growth. EBITDA before significant items increased by 14% to $12.7m, with focused expen
Slide 6: Strategy video and trading update and outlook
Strategy video At our full year results, we showed a short video that shows what the future looks like as we combine hipages and Tradiecore into a single application. I’d like to show that video again today to bring our strategy to life. As a reminder, the first minute or so shows the current state,
Slide 7: hipages Group 2023 AGM
hipages Group (ASX: HPG) For personal use only hipages Group Holdings Limited 2023 AGM 9 November 2023
Slide 8: Disclaimer
Disclaimer Important notice The material in this presentation has been prepared by hipages Group Holdings Limited (ASX: HPG) ABN67 644 430 839(“hipages” or the Company") and is general background information about hipages’ activities current as at the date of this presentation. The information is gi
Slide 9: Australia and New Zealand's largest online tradie marketplace and SaaS platform
For personal use only Australia and New Zealand's largest online tradie marketplace and SaaS platform, helping tradies build better businesses. hipages Group | 3
Slide 10: Vision
For personal use only Vision To be the most trusted partner in the trade industry hipages Group | 4
Slide 11: Purpose
For personal use only Purpose Transforming the trade industry, building better lives for everyone hipages Group | 5
Slide 12: hipages Group Board of Directors
hipages Group Board of Directors For personal use only INESE KINGSMILL ROBY SHARON-ZIPSER KATE MILLS Chair and Independent Chief Executive Officer & Director Independent Non-Executive Director Non-Executive Director Remuneration and Nominations Committee Chair NICHOLAS GRAY KATE HILL ADIR SHIFFMAN N
Slide 13: Asking questions online
Asking questions online Asking questions For personal use only Only Holders and Proxyholders are able to ask questions Click on “Ask a Question” Select “General Business” or a specific resolution Type in your question and click “Submit” Comments on resolutions can also be submitted through “Ask a Qu
Slide 14: Voting online
Voting online Lodging your votes For personal use only Click “Get a Voting Card” (top and bottom of platform) Enter your Holder Number and Postcode or your Proxy Number Click “Submit Details and Vote” Fill out your voting card for each item of business Click “Submit Vote” 8
Slide 15: Meeting agenda
Meeting agenda 1 Chair’s address 4 General Q&A For personal use only 2 CEO’s address 5 Last call for votes 3 Formal meeting business 6 Meeting close hipages Group | 9
Slide 16: Chair's address
For personal use only Chair’s address INESE KINGSMILL Chair and Independent Non-Executive Director hipages Group | 10
Slide 17: CEO's address
For personal use only CEO’s address ROBY SHARON-ZIPSER CEO & Co-Founder hipages Group | 11
Slide 18: Award-winning culture
Award-winning culture 87% 92% 91% For personal use only feel hipages promotes say hipages Group is a great feel trusted, celebrated diversity of backgrounds, place to work and can be themselves talents and perspectives Top 3 50/50 Zero same role pay-gap ‘Best Place to Work’ awards, Board gender dive
Slide 19: Tradie Advisory Board
Tradie Advisory Board Ensuring the voice of the customer is at the heart of our product and strategy For personal use only • Tradie Advisory Board - the first of its kind in Australia • Provides a dynamic voice of the customer to validate strategy and inform our product roadmap, feature development
Slide 20: FY23 financial highlights
FY23 financial highlights Revenue Profitability Key drivers For personal use only $6.3m MRR 88% Gross margin 35.7k Subscription tradies Up 15% Up 3pp Up 3% $62.9m Recurring revenue 12.3m EBITDA 1 $1,872 ARPU 94% of Total revenue Up 14% Up 10% EBITDA margin 18% (up 1pp) Up 11% to $1,985 for hipages A
Slide 21: Strategic evolution from marketplace to platform
Strategic evolution from marketplace to platform FY23-FY26+ roadmap For personal use only Marketplace Tradie platform Consumer platform optimisation evolution evolution End-to-end SaaS solution for tradies Lead pricing optimisation Consumer products & services Expand range of products Drive uptake o
Slide 22: For personal use only
For personal use only hipages Group | 16
Slide 23: Trading update and FY24 outlook
Trading update and FY24 outlook For personal use only • Strong marketplace momentum continued in Q1 • Group MRR up 17% on pcp to $6.5 million • Subscription tradies up 5% on pcp to 36,000 • Tradie/consumer connections up 5% on the pcp as tradies continue to compete for jobs • PropTech Labs stake to
Slide 24: Thank you
For personal use only Thank you hipages Group | 18
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