Investor Presentaiton
Revenue and Other Income
FY21
FY20
change
change
by Type
$000
$000
$000
%
Travel platform booking revenue
6,354
16,307
(9,953)
-52%
Expense platform revenue
3,997
5,831
(1,834)
-31%
Supplier commissions revenue
Other revenue
538
1,427
(889)
-62%
386
485
(-99)
-20%
Recurring revenue
11,275
24,050
(12,775)
-53%
Recurring revenue % operating revenue
91%
93%
Services revenue
1,145
1,819
(674)
-37%
12,420
25,869
(13,449)
-52%
4,382
922
3,460
375%
94
94
100%
Total other income
Total income
4,476
922
3,554
385%
16,896
26,791
(9,895)
-37%
REVENUE ANALYSIS
•
•
•
Recurring revenue (excluding Services revenue) at $11.3m down 53%
and representing 91% of total operating revenue
Travel platform booking revenue down 52% was Covid-19 impacted
Total travel platform bookings at 1.6m versus 4.2m in the prior
year, down 63%
Online bookings down at 1.3m versus 3.7m in the prior year,
down 65%
Expense platform revenue at $4.0m down 31%, benefitting from fixed
components to pricing
Supplier commissions revenue at $0.5m down 62%
Total revenue
Government grants
Sundry income
•
Services revenue at $1.1m down 37% as development resources
focused on NORAM activation and Booking.com for Business
platform
•
Government Grants included $3.4m related to Covid-19 subsidies
received in New Zealand, Australia and the US
New Zealand sourced income only down 13% as benefitted from the
onboarding of customers completed over the year
Average Revenue per Booking (ARPB) (based on total recurring
revenue/online bookings) for the year was $8.76 up 36% from $6.46
in prior year, benefitting from Expense revenue which was not as
affected as travel platform revenue; travel related ARPB was up 12%
to $5.36
Operating Revenue by Geography
8
Australia
New Zealand
North America
Other
7,520
18,218
(10,698)
-59%
2,154
2,465
(311)
-13%
2,369
4,80.
(2,454)
-51%
377
363
14
4%
Total operating revenue
12,420
25,869 (13,449)
-52%
Total travel bookings (000)
Online bookings (000)
1,566
4,215 (2.649)
-63%
1,287
3.724 (2,437)
-65%
ARPB (Recurring revenue/online bookings)
8.76
6.46
2.30
36%
ARPB (travel related revenue only)
5.36
4.76
0.60
12%
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