Auction Technology Group plc (ATG) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

so uh welcome and thank you for your interest in heg's 2024 full year results um the key theme i think that will hopefully communicate to you over the course of it is that the headline year-over-year numbers um don't fully tell the story of the progress that i think we've made in fiscal year 24. and uh becky if you don't mind going to slide four So as a reminder, and for those of you who are new, ATG creates value by connecting bidders from 170 countries around the world with 4,000 auction houses, and we facilitate the sale of over $13 billion per year of curated used items. And so online marketplaces ultimately create value by aggregating supply and demand and making it easier for people to buy and sell through that form. And I think when you look at what ATG has achieved in fiscal year 24, we've made strong progress in doing both of those things. And the overall story is that the result has been an improvement in our competitive position. Critically, that's been reflected in both positive momentum on GMV and in our take rate. And I think particularly when you look at the ANA side of our business, what we are excited by is the fact that it shows that when you follow the online marketplace playbook with a full complement of value-added services, as well as the marketplace and the white label, even in a difficult end market, you're able to grow as you'll see that our ANA division grew 12% overall, but 6% organically. And so the other thing I'll just mention is that as we go through this presentation, There's going to be more data than we typically have shared in the past, and we just felt that with so many moving parts, we would share a bit more than we normally do, some cohort-level data around bidders and a few other stats as well. This is not something that we're g...