Investor Presentaiton
webjet™
webjet.com.au
EBITDA margins
over 40%.
FY23 - Webjet OTA.
Webjet OTA
1H23
2H23
FY23
CY19
Change
FY22
Bookings ('000s)
641
632
1,273
1,575
+19%
662
Average Booking Value
$957
$1,094
$1,025
$890
↑ 15%
$647
TTV
$614m
$691m
$1,305m
$1,402m
⇓7%
$428m
Revenue
$51.8m
$56.0m
$107.8m
$151.1m
⇓29%
$41.9m
Expenses
$30.4m
$34.0m
$64.4m
$89.7m
⇓ 28%
$32.5m
EBITDA
$21.4m
$22.0m
$43.4m
$61.5m
Revenue/TTV Margin
8.4%
8.1%
8.3%
10.8%
⇓ 29%
⇓252bps
$9.4m
9.8%
EBITDA / TTV Margin
3.5%
3.2%
3.3%
4.4%
106bps
2.2%
EBITDA Margin
41.3%
39.3%
40.3%
40.7%
+41bps
22.5%
1) All Temporary customer service staff increases were in
offshore locations.
FY23 Bookings at 81% of pre-pandemic levels: strong rebound in international as capacity starts to return although high
ticket prices and capacity constraints continue to subdue overall bookings. Booking numbers do not include the significant
number of bookings made using flight credits.
FY23 Revenue/TTV margins primarily reflect higher ABV driven by limited capacity.
Ongoing brand strength enabling more focused marketing campaigns - marketing costs continue to be 1.5% TTV (pre-
pandemic: 2%). Scalable cost base and focus on higher margin products helping offset lower commission on international
fares.
FY23 EBITDA at 71% of pre-pandemic levels, reflecting reduced international capacity and loss of overrides/ commission
on international. FY23 EBITDA margins over 40%, despite inflationary wage pressures and expanded Operations team (1).
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