PropertyGuru SPAC Presentation Deck
Group P&L Standalone
US$m
Revenue breakdown
Marketplace
% YoY growth
(3)
Singapore
% YoY growth
Vietnam
% YoY growth
Malaysia
% YoY growth
Other Asia
% YoY growth
Data & FinTech
% YoY growth
Total revenue
% YoY growth
Cost of sales
Gross profits
(3)
% gross margins
Operating expenses
Total costs
% revenue
(1)
Adjusted EBITDA
Adjusted EBITDA Drop Through(²)
% Adjusted EBITDA margins
Capex
PropertyGuru Standalone
CY20A
CY19A
66.6
37.2
--
15.0
151111
5.7
8.8
66.6
--
10.7
55.9
83.9%
46.5
57.2
85.8%
9.4
14.2%
(6.6)
61.1
(8.3%)
35.2
(5.5%)
13.8
(8.0%)
5.9
3.8%
6.2
(29.0%)
0.8
--
61.9
(7.2%)
7.7
54.2
87.6%
50.8
58.5
94.5%
3.4
126.8%
5.5%
(6.0)
CY21F
69.2
13.3%
39.0
11.0%
16.6
20.2%
7.3
22.5%
6.3
1.9%
3.1
304.9%
72.3
16.9%
13.1
59.3
81.9%
70.8
83.9
116.0%
(11.5)
(142.4%)
(16.0%)
(16.5)
CY22F
87.7
26.7%
45.4
16.3%
23.7
43.2%
9.4
29.7%
9.2
44.5%
8.3
166.6%
96.1
32.8%
15.8
80.3
83.6%
80.2
95.9
99.9%
0.1
49.2%
0.1%
(17.0)
Forecasts without REA Assets
CY23F
Note: USDSGD FX rate of 1:1.327; Financials exclude impact of Listing proceeds investments
46
(1) Adjusted EBITDA excludes SBP, costs of REA acquisition & integration, one-off & ongoing costs of listing, as well as impact from Listing proceeds investments. Refer to slide 44 for CY19A & CY20A reconciliation to net loss
(2) Adjusted EBITDA drop through calculated with dollar change in Adjusted EBITDA over dollar change in revenue
(3)
Revenue excludes impact from Listing proceeds investments
112.9
28.7%
53.8
18.5%
31.2
31.6%
14.1
49.1%
13.9
51.4%
14.7
77.2%
127.7
32.9%
20.2
107.5
84.2%
87.7
107.9
84.5%
19.8
62.1%
15.5%
(18.9)
CY24F
137.2
21.5%
62.0
15.3%
39.7
27.2%
17.5
24.6%
18.0
29.8%
20.7
40.2%
157.9
23.7%
24.8
133.1
84.3%
99.0
123.8
78.4%
34.1
47.3%
21.6%
(21.1)
CY25F
164.6
20.0%
71.1
14.7%
49.9
25.8%
21.0
19.6%
22.6
25.5%
28.0
35.3%
192.6
22.0%
30.4
162.2
84.2%
111.9
142.3
73.9%
50.3
46.9%
26.1%
(23.5)
CY21F - CY25F CAGR
24.2%
16.2%
31.8%
30.3%
37.4%
73.0%
27.7%
23.4%
28.6%
12.1%
14.1%
NM
9.2%View entire presentation