Web Travel Group Unsp/Adr (WEJTY) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everybody, to the Web Travel Group full year 26 results. Joining me today is our CFO, Tony Rustefsky, and in a change to the advertised run sheet, Shelley Beasley, our Global Chief Operating Officer, will also present. Since our launch in 2013, with the obvious exception of COVID, we've consistently outperformed the markets. In a satisfying return to form, FY26 has continued that sequence after a disappointing FY25. If we have a look at slide three, the most satisfying component of our results this year is our market leading growth without margin compromise. As we can see, our TTV is up 20% to $5.8 billion. We've continued to increase our market share. In particular, we've been able to do that across the Americas and Europe, and we'll talk about that during the presentation. And we've been able to do that while expanding our margins. Our revenue is up 20%, and it's particularly gratifying to see that the second half margin was 7.1% up on the corresponding period in FY25. EBITDA is up 24%. demonstrating our operating leverage coming through the business. And as we get to Web Travel Group and we consolidate the corporate costs against our high-performing webbeds business, you see that EBITDA is up 23% to $148.4 million. It reflects the corporate overheads of $24.3 million, which is in line with guidance. Net profit up to tax $84.9 million. It reflects the full year of standalone costs post demerger and underlying EPS 23.8 cents up 16% on FY25. And most importantly, we retained significant liquidity of cash at the end of the year with that 107% cash conversion number. Moving on to slide five, we almost cracked 10 million bookings in the year. up 18% on FY25. The key contributor was the significant organic growth that we were able to demonstrate in both the Amer...