Investor Presentaiton
DEFINITIONS
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Peak ATMR (Annualised Transactional Monthly Revenue) is a non-GAAP measure. Serko uses this as a useful indicator of recurring revenues
from Serko products. It is calculated by annualising the combination travel and expense platform monthly revenues for the most recent non-
seasonal month. The travel platform revenue is annualised by taking the monthly online booking transactions divided by the number of
weekdays for that month multiplied by the average ARPB and multiplied by 260 days. The expense platform revenue is based on the monthly
revenue from active users multiplied by 12 months.
ARPB (Average Revenue Per Booking) is a non-GAAP measure. Serko uses this as a useful indicator of the combined value from transactional
booking fees and the supplier commissions earned from the travel platform. It is calculated by taking total travel platform booking revenue
and supplier commission revenue divided by the total number of bookings.
Recurring product revenue is a non-GAAP measure and is the recurring revenue derived from transactions and usage of Serko products by
contracted customers. It excludes revenues from customised software development (services revenue).
Operating revenue is a non-GAAP measure excluding income from grants and finance income, while total income includes grants.
R&D (Research & Development) costs is a non-GAAP measure representing the internal and external costs related to R&D both expensed and
capitalised.
Operating Costs is a non-GAAP measure which excludes costs relating to taxation, interest, depreciation, and amortisation charges.
EBITDAF is a non-GAAP measure representing Earnings Before the deduction of costs relating to Interest, Taxation, Depreciation and
Amortisation and Fair value remeasurement of contingent consideration.
FTE Full time equivalent employee.
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Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand
PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected]
Incorporated in New Zealand ARBN 611 613 980
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