Investor Presentaiton
Revenue & EBITDA (A$mm)
REA is the dominant real estate listings business in Australia
A$1,300
REA is 3x the size of its next largest competitor
A$1,200
A$1,100
A$1,000
A$900
A$800
A$700
A$600
A$500
EBITDA margins expanded from 20% to 58% with a 23% revenue CAGR since 2005
A$400
A$300
A$200
A$100
75%
65%
55%
45%
35%
25%
A$0
15%
FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Revenue (LHS)
EBITDA (LHS)
% Margin (RHS)
Source: Company filings
"REA Group has been the dominant online platform for real estate classifieds ever since its launch more than twenty years ago. Its first mover advantage
combined with prudent management and continued reinvestment in the business has allowed it to build an almost unassailable network effect."
IRENIC
- JP Morgan (11 August 2019)
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EBITDA Margin %View entire presentation