Pexa Group Limited · ASX:PXA
Pexa — Shareholder Meeting (November 2024)
19 slides from Pexa's shareholder meeting presentation, Nov 15, 2024
Slide 1: 2024 AGM
For personal use only 2024 AGM PEXA Group | November 2024
Slide 2: Acknowledgement of Country
The PEXA Group acknowledges Aboriginal and Torres Strait Islander people as the traditional custodians of the lands on which we work, live and dream, we pay our respects to elders past and present. For personal use only We recognise that we have a role to play in creating space and place for Aborigi
Slide 3: Your Board of Directors
Your Board of Directors For personal use only Mark Joiner Glenn King Georgina Lynch Melanie Willis Independent Chairperson Group Managing Director & Independent Non-Executive Independent Non-Executive Chief Executive Officer Director Director Vivek Bhatia Paul Rickard Helen Silver AO Jeffrey Smith I
Slide 4: Chairperson's address
Chairperson’s For personal use only address Mark Joiner
Slide 5: Year in review; Governance
For personal use only - Year in review - Governance 8
Slide 6: Group Managing Director & CEO's address
Group Managing For personal use only Director & CEO’s address Glenn King
Slide 7: Customer profile
Customer profile Growing relationship depth and breadth Segment Government Developers FIs Major law firms Practitioners FIs Practitioners For personal use only Number of Customers 345 70+ 160+ 85+ 10,000+ c.18 2 ~2,0003 Share of Region FY24 ~4% <1% ~24% ~13% ~58% ~38% ~62% revenues1 Exchange / Non-Ex
Slide 8: Strategic agenda
Strategic agenda Consistent approach to delivering value Purpose Position Australia’s #1 digital property Leading digital solutions Powerful platform Trusted and influential in Exchange platform Unique distribution Developing ecosystem property markets For personal use only Business Australian Exchan
Slide 9: Business outcomes: Australia – Enhance and Extend
Business outcomes Australia – Enhance and Extend Australian Exchange Digital Solutions Transactions 3.81m +1.7% New .id clients 43 +87% For personal use only Penetration 89% +1 ppt VA4 major bank clients 2 Platform uptime 100% Land Insight integration On-track Customer satisfaction 90% Send FX Pract
Slide 10: Business outcomes: International – Expand
Business outcomes International – Expand International UK remortgage platform coverage ~70% ~ +15% For personal use only UK S&P1 platform development On track Smoove integration On track PEXA / Optima Legal integration2 Complete Optima Legal flow converted to PEXA Nil platform Lender engagement 23 2
Slide 11: Business outcomes: Group – Evolve
Business outcomes Group - Evolve Group PEP1 annualised cash savings ~$16m For personal use only Operating EBITDA margin 36.5%2 Growth cash outflows3 $75.3m RepTrack score 72% Women in leadership 47% People engagement 63% CO2 emissions commitment On-track4 FY24 goal fully met FY24 goal partially met
Slide 12: Group financial performance
Group financial performance1 Revenue, margins, profitability and cashflow increased +21% +16% +22% +$3.8m +2.1cps +175% For personal use only $340.1m $114.9m $21.1m ($18.0m) 11.9cps $38.5m Statutory revenue 2 Operating EBITDA 2 NPATA 2 NPAT 2 EPS-A 2 Free cash flow 2 +0.8pps +1.7pps +3.1pps (0.3 x)
Slide 13: Economic outlook
Economic outlook Modest recovery as inflation and rates subside. Significant risks remain GDP growth (%, yoy) Central bank rate (%, average of year) Real dwelling investment growth (%, yoy) 2.6 4.3 8.1 2.3 4.0 2.2 3.7 2.0 3.5 3.3 For personal use only 1.5 2.0 0.5 -0.7 Australia1 -1.9 CY 23A CY 24F C
Slide 14: FY25 Guidance reconfirmed
FY25 Guidance reconfirmed Metric FY25 guidance Group Business Revenue + 13-19% Group Operating EBITDA margin ≥ 34% For personal use only Specified items $15-20m Depreciation and amortisation $98-102m Net interest expense $5.5-7.5m Tax $13-18m Australian capex / Australian revenue 10-14% International
Slide 15: FY25 focus areas
FY25 focus areas Building on solid foundations Coverage expansion and integration, whilst maintaining resilience and Exchange robustness Australia Continue to input into shaping a market structure that supports Regulatory consumers and other stakeholders For personal use only Digital Solutions 1 Imp
Slide 16: Progress over the past five years
Progress over the past five years Significant evolution 2019 2024 Market share 49.3% 90% Exchange Annual transactions 1.75M 3.81M Jurisdictions NSW, VIC, QLD, SA, WA NSW, VIC, QLD, SA, WA, ACT & TAS For personal use only Share of Group revenue Nil ~5% Digital Solutions Brands None .id, Land Insight,
Slide 17: Thank you
For personal use only Thank you
Slide 18: Important notices and disclaimer
Important notices and disclaimer This presentation and accompanying information (Presentation) has been Forward statements You should note that Market Data is inherently predictive, is subject to prepared for the purpose of providing general background information on No representation or warranty, e
Slide 19: pexa.com.au
For personal use only pexa.com.au