2025 AGM - Managing Directors Presentation

‌Managing Director's Presentation.

1

2025 AGM

FY25 - Group summary.

TTV

(FY24 $4.0bn)

Revenue

(FY24 $326.0m)

EBITDA

(FY24 $160.8m)

Underlying

EBITDA

(FY24 $139.1m)

Underlying

ИPAT

(FY24 $101.1m)

3I Mar 2S

WebBeds TTV up 22%,

lower TTV margins impacted Revenue & EBITDA.

Cach

(FY24 $529.7m)

• TTV up 22% (23%1) on pcp; delivering nearly $5 billion TTV in FY25

• Revenue up 1% on pcp reflecting lower TTV margins; FY25 TTV margins stabilised at 6.7%

• EBITDA down 14% on pcp reflecting lower Revenue and higher costs (up c.15% on pcp in line with expectations)

• Strong cash position post demerger

• Corporate costs $18.2 million, in line with guidance

• Proactive capital management initiatives; addressed 88% of potential dilution from Convertible Notes due April 2026

1. Based on EUR functional currency

   • Refer to Glossary and abbreviations for the General disclaimer paragraph (slide )

     
     
     

   • Web Travel Group includes WebBeds and Corporate function

   • FY24 restated for AASB9 application resulting in reduction of revenue and EBITDA by $1.8m (increase of $3m in 1H24 and decrease of $1.2m in 2H24) 2

   • FY24 cash restated to reflect pro forma position

WebBeds.

3

Global B2B travel marketplace servicing the travel trade.

WebBeds - FY25 key metrics.

Bookingc

8.G

million

20% growth driven by strong performance across all regions

Key Metrics TTV, REVENUE, EBITDA shown in AUD

1. Based on EUR functional currency

TTV

billion

22% (23%1) increase reflects Bookings growth and 2% ABV increase

Revenue

million

Revenue +1% driven by customer and geographic mix

EBITDA

million

Reflecting flat Revenue offset by increases in operating expenses

4

Pillars of Growth are driving TTV.

0I

02

03

Growing Our Exicting Portfolio.

Underlying market growth slowed vs FY24

Driving

c.S% (1)

TTV growth

(vs FY24 at c.7%)

Иew Cuctomerc, Supply & Marketc.

Growing Point of Sale (POS) product and customer wins in Asia Pacific and Europe

Driving

c.S% (1)

TTV growth

(vs FY24 at c.13%)

Convercion.

Network effect helping deliver above-market TTV growth.

Increased volume from conversion initiatives including increased rate plans and availability, improved API handling, and customised content delivery

Driving

c.I3% (1)

TTV growth

(vs FY24 at c.10%)

Note: TTV growth of 23% based on functional currency (EUR) 5

1. Market growth estimate based on travel market data compiled from listed travel company results reporting and management estimates.