Auction Technology Group plc (ATG) Q4 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.679 so uh welcome and thank you for your interest in heg's 2024 full 00:00:05.679 -- 00:00:07.502 year results 00:00:07.502 -- 00:00:11.328 um the key theme i think that will hopefully communicate to you over the course of it 00:00:11.328 -- 00:00:16.355 is that the headline year-over-year numbers um don't fully tell the story of the 00:00:16.355 -- 00:00:19.580 progress that i think we've made in fiscal year 24. 00:00:19.580 -- 00:00:21.103 and 00:00:21.103 -- 00:00:25.066 uh becky if you don't mind going to slide four 00:00:25.563 -- 00:00:30.573 So as a reminder, and for those of you who are new, ATG creates value 00:00:30.573 -- 00:00:35.963 by connecting bidders from 170 countries around the world with 4,000 auction houses, 00:00:35.963 -- 00:00:41.053 and we facilitate the sale of over $13 billion per year 00:00:41.053 -- 00:00:46.472 of curated used items. And so online marketplaces ultimately 00:00:46.472 -- 00:00:51.741 create value by aggregating supply and demand and making it easier for people 00:00:51.741 -- 00:00:56.890 to buy and sell through that form. And I think when you look at what ATG has 00:00:56.890 -- 00:01:01.337 achieved in fiscal year 24, we've made strong progress 00:01:01.337 -- 00:01:06.383 in doing both of those things. And the overall story is that the result has been 00:01:06.383 -- 00:01:09.468 an improvement in our competitive position. 00:01:09.468 -- 00:01:14.516 Critically, that's been reflected in both positive momentum on GMV and in 00:01:14.516 -- 00:01:19.885 our take rate. And I think particularly when you look at the ANA side of our business, 00:01:19.885 -- 00:01:25.154 what we are excited by is the fact that it shows that when you follow the online marketplace 00:01:25.154 -- 00:01:29.561 p...