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    WEB   AU000000WEB7

WEBJET LIMITED

(WEB)
  Report
Delayed Quote. Delayed Australian Stock Exchange - 01/17 12:10:29 am
5.43 AUD   +2.84%
01/05WEBJET : Appendix 3Y – Denise McComish
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01/04Energy, mining stocks boost Australia shares to 4-month high
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2021Australian shares rise as RBA holds rates, Omicron fears ease
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Webjet : 1H22 Investor Presentation

11/23/2021 | 04:30pm EST

ersonal use only

FY22 Performance Update

1H22 Results.

24 November 2021

1

1H22

onlyuse

in review.

ersonal

NOTE: Unless otherwise stated, In this document all financials are for Underlying

Ope ations and all comparisons are over the previous corresponding period (pcp)

1)

80% f anked (previously announced as 100% franked), based on record date 26th

March 2020

2)

8/3/5 = at scale 8% revenue/TTV and 3% costs/TTV to drive 5% EBITDA/TTV

Targeting growth as global travel markets reopen.

  • Business turning around; cash flow positive for 1H22
    • Cash: $446 million
    • 1H22 cash surplus: $3.5 million/ month
    • Deferred FY20 interim dividend to be paid(1)
  • B2B - WebBeds: Profitable since July driven by domestic North American and European markets; 1H22 costs down 31% over pre-Covid levels; on track to be 20% more cost efficient at scale
  • B2C - Webjet OTA: Profitable in 1Q but 2Q impacted by border closures; bookings picking up from October as domestic and international borders start to reopen
  • B2C - Online Republic: GoSee rebrand to deliver greater efficiencies and target growth opportunities
  • Intense focus on global employee engagement and retention
  • As global travel markets start to reopen, significant growth opportunities in all businesses
    • WebBeds - increased market opportunity due to B2C channel expansion, targeting previously untapped domestic markets and increasing North America market penetration; "8/3/5" profitability target(2) when back at scale
    • Webjet OTA - targeting market share growth as consumer preferences continue to shift online; investing in international opportunities
    • GoSee - one platform for cars and motorhomes to deliver greater efficiencies and growth potential

2

Revenue

onlystarting to return, costs materially down.

useersonalThe comparative unaudited 1H20 period shows the six months ending 30 September 2019 (ie pre-Covid)and 1H21 shows the six months ending 30 September 2020

1H22 - Key Metrics. (1)

TTV

Revenue

Expenses

EBITDA

Impact of Covid-19

Recovery

1H20

B2C

B2B

Corporate

1H21

B2C

B2B

Corporate

1H22

3

ersonal use only

B2B Division Update

WebBeds.

Digital Provision of Hotel Rooms to Global Partners

4

The world has onlychanged, and

our opportunity has increased.

useersonal

Taking advantage of changing market dynamics.

Our market opportunity has increased - making WebBeds more relevant than ever;

  • Domestic markets are the first to open up
  • B2C channels are seeking greater access to B2B content
  • API connections are increasingly important as customers want easy access to significant content
  • Hotels need global reach in order to fill rooms

Competition has decreased as financial pressures impact the industry

WebBeds is taking advantage of opportunities to deliver significant revenue growth;

  • Expanded domestic offering in all regions
  • Increased penetration into the large North American B2B market
  • Increased and optimised API connections for key B2C clients
  • Our financial strength makes us a trusted partner for hotel suppliers
  • Retained our global footprint, hotel supply relationships and global customer network and are ready as intra-regional and international markets start to reopen

When markets rebound, they are coming back stronger;

  • Nov-21TTV tracking at 63% and bookings tracking at 69% of pre-Covid levels - yet many larger markets are yet to open

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Webjet Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 21:29:14 UTC.


ę Publicnow 2021
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Financials
Sales 2022 156 M 113 M 113 M
Net income 2022 -66,5 M -48,0 M -48,0 M
Net cash 2022 158 M 114 M 114 M
P/E ratio 2022 -26,5x
Yield 2022 0,31%
Capitalization 2 065 M 1 492 M 1 490 M
EV / Sales 2022 12,2x
EV / Sales 2023 5,27x
Nbr of Employees -
Free-Float 91,6%
Chart WEBJET LIMITED
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Technical analysis trends WEBJET LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 5,28 AUD
Average target price 5,97 AUD
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
John Guscic Managing Director & Executive Director
Tony Ristevski Chief Financial Officer & Co-Secretary
Roger Sharp Independent Non-Executive Chairman
Graham Anderson Chief Information Officer
Shelley Lynne Earhart Beasley Global COO & CEO-Business to Consumer Division
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