Investor Presentaiton
WebBeds
All key metrics
ahead of
pre-pandemic
levels.
EBITDA up 22%.
FY23 - WebBeds.
WebBeds
1H23
2H23
FY23
CY19
Change
FY22
Bookings ('000s)
2,655
3,150
5,805
4,274
↑ 36%
2,551
Average Booking Value
$536
$443
$485
$605
⇓20%
$432
TTV
$1,423m
$1,395m
$2,818m
$2,588m
↑ 9%
$1,101m
Revenue
$114.4m
$122.3m
$236.7m
$226.9m
↑ 4%
$85.6m
Expenses
$50.7m
$68.9m
$119.6m
$130.6m
+8%
$90.2m
EBITDA
$63.7m
$53.4m
$117.1m
$96.3m
1 22%
Revenue/TTV Margin
8.0%
8.8%
8.4%
8.8%
37bps
($4.6m)
7.8%
EBITDA / TTV Margin
4.5%
3.8%
4.2%
3.7%
↑ 43bps
nm
EBITDA Margin
55.7%
43.7%
49.5%
42.4%
↑ 704bps
nm
1)
Total Bookings divided by FTEs comparing FY23 to CY19
2)
8% Revenue/TTV and 3% Costs/TTV to deliver 5% EBITDA/TTV
•
•
•
•
.
All key metrics ahead of pre-pandemic levels - Bookings (up 36%), TTV (up 9%), Revenue (up 4%) and EBITDA (up 22%)
Expenses continue to be lower than pre-pandemic levels reflecting the fact we are now 50% more efficient on
Booking/FTE basis (1)
2H23 Expenses reflect significantly higher volumes (Bookings up 63%) and growing Merchant of Record (MOR) business
FY23 EBITDA 22% ahead of pre-pandemic levels with several key markets still to fully reopen
Continue to deliver best-in-class margins - FY23 EBITDA margin 49.5%, ahead of pre-pandemic
Moving beyond 8/3/5 (2) - Post pandemic, a number of attractive highly profitable market opportunities are now open to us.
We believe we can deliver significantly greater profit by pursuing some of these opportunities rather than being confined
to a strict 8/3/5 profitability target.
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