Mondee Investor Update
Chairman's Message on Q2 2023 Results
Prasad Gundumogula
Founder, Chairman, and
Chief Executive Officer
1 Please refer to the Appendix of this presentation for
non-GAAP reconciliation tables.
2 Excluding contingent earn-outs.
Mondee's second quarter 2023 ("Q2 23") accomplishments in
key areas were marked by...
Delivered Strong Q2 23 Results, Despite International Travel Only -88% Recovered
Gross revenue of ~$708 million, 112% of Q2 22's $635 million.
Net revenue of ~$57 million, 124% of Q2 22.
Adjusted EBITDA¹ of ~$4.4 million, 118% of Q2 Q22.
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Launched Al-Powered Travel Marketplace, Investing to Support Adoption
State-of-the-art unified Al cloud platform for travel experts, freelancers, influencers, and agencies.
Next-gen conversational commerce with omni-channel social interface.
Cruises launched along with enhanced global air, hotel, cars, packages, and ancillary content.
Mobile app, multi-currency and -language support, self-service, and many other new features.
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Skypass, Consolid, and Interep Acquisitions, Continued Third Wave of Acquisitions
August acquisition of Skypass for ~4X 2022 adjusted EBITDA².
May 2023 acquisition of Consolid and Interep for approximately ~4X and ~3X 2022 adjusted EBITDA².
January 2023 acquisition of Orinter for ~4X 2022 adjusted EBITDA².
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Russell 2000 Addition and Secondary Offering
Joined Russell 2000 Index as the largest travel-tech addition.
Secondary offering by existing shareholders, increased trading volume and institutional participation.
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Enhanced Leadership and Marketing Teams
Welcomed Miten Mehta as Head of Al solutions and Geetika Gupta as Chief People Officer.
Enhanced world-class marketing team with prior experience at Amazon, Google, and Microsoft.
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