PEXA Group Limited (PXA) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the PECSA Group Limited 1H22 results conference call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to Mr. Fern Ting, Group Managing Director and Chief Executive Officer. Please go ahead. Good morning, and I'm pleased to welcome you all to PEX's results for the first half of financial year 22. I'm Glen King. I'm the PEX's Group Managing Director and CEO, and joining me is our CFO, Richard Moore. Today, we'll cover the PEX's Group's first half financial year 22 business highlights, financial performance, and provide a trading update, including an upgrade to our prospective FY22 forecast given our strong performance to date. Now, there is a presentation that has been distributed. I will cover some of those and I will talk to a particular slide. So those who are following the slides, I'm going to slide five. And probably the things to talk on here is pictures of leading Australian technology companies whose platforms are relied upon by financial institutions, property developers, legal and conveyancing firms and consumers across the country. Our PEXA exchange platform sits at the heart of the Australian property market, processing now 84% of property transfers and nearly 100% of all refinances nationally. The COVID pandemic has certainly driven a strong shift to digital, and despite lockdown across the country at various points of time, the property market in Australia has remained incredibly robust. In fact, as noted in our recent PEXA property and mortgage insights report, during calendar year 2021,...