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    WEB   AU000000WEB7

WEBJET LIMITED

(WEB)
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Webjet : Trading Update

08/30/2021 | 08:52pm EST

ASX release

Company will be operating cash flow positive for 1H22; WebBeds profitable

31 August 2021: Webjet Limited (Webjet or the Company, ASX:WEB) today announced the Company will be cash flow positive for 1H22 (excluding investing and debt repayments) and that the WebBeds B2B business has been profitable since July 2021.

John Guscic, Webjet's Managing Director said:

"Our post-Covid strategy is delivering results and the Company will be operating cash flow positive for the first half of Financial Year 2022.

The WebBeds business was profitable in July and August and is well on track to be profitable in September. We have seen strong demand as travel restrictions ease in North America and Europe, suggesting significant upside as more international markets reopen.

Webjet OTA was profitable for April to July but has been subsequently impacted by the current lockdowns in Australia and New Zealand. Online Republic was profitable in April and May, but like the Webjet OTA, has been impacted by lockdowns. However, we are confident that both businesses will return to profitability as soon as the domestic Australian and New Zealand markets reopen.

We see a world of opportunity for Webjet. All our businesses have significant potential to grow market share by expanding into new market segments and benefiting from consumers shifting to buy travel online. Transformation initiatives are underway and we on track to reducing costs by at least 20% once the Company gets back to scale. As a result, as conditions normalise, we believe our Webjet businesses will have higher market share, lower costs and greater profitability.

While the exact timing is uncertain as our growth opportunities are driven by the opening of borders, we know demand for travel will return and we are absolutely ready to capture it."

Webjet will report 1H22 results on 25 November 2021.

Authorised for release by the Chair of the Board of Directors.

For further information, please contact:

Carolyn Mole

+61 3 9828 9754 carolyn.mole@webjet.com.au

Level 2, 509 St Kilda Road | Melbourne | Victoria 3004 | Australia. ABN 68 002 013 612

Page 1 of 1

Disclaimer

Webjet Limited published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 00:51:05 UTC.


ę Publicnow 2021
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Sales 2022 158 M 112 M 112 M
Net income 2022 -64,9 M -46,1 M -46,1 M
Net cash 2022 135 M 95,8 M 95,8 M
P/E ratio 2022 -29,4x
Yield 2022 0,31%
Capitalization 2 023 M 1 445 M 1 437 M
EV / Sales 2022 12,0x
EV / Sales 2023 5,14x
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Free-Float 91,6%
Chart WEBJET LIMITED
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Webjet Limited Technical Analysis Chart | WEB | AU000000WEB7 | MarketScreener
Technical analysis trends WEBJET LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 5,32 AUD
Average target price 5,84 AUD
Spread / Average Target 9,74%
EPS Revisions
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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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