Half Year 2025 Web Travel Group Ltd Earnings Call Transcript
Key Points
- Web Travel Group Ltd (WEBJF) achieved a 25% increase in Total Transaction Value (TTV) for the first half of 2025, indicating strong growth momentum.
- The company reported a significant cash reserve of $510 million, highlighting robust cash generation capabilities.
- Web Travel Group Ltd (WEBJF) successfully completed a demerger, allowing for a more focused business strategy on the B2B segment.
- The company is on track to achieve $5 billion in TTV for FY25, demonstrating confidence in its growth trajectory.
- Web Travel Group Ltd (WEBJF) plans to conduct an on-market share buyback of up to $150 million, aiming to maximize shareholder value.
- Revenue margins decreased by 150 basis points, impacting overall revenue growth and EBITDA performance.
- EBITDA was down 11% compared to the previous year, reflecting increased expenses and lower revenue margins.
- The company faced challenges with customer financial incentive agreements, which contributed to a decline in margins.
- There was a significant management focus on the demerger, which may have diverted attention from other operational areas.
- The competitive environment and geographic mix changes have put pressure on revenue margins, particularly in Europe.
Thank you for standing by and welcome to the Web Travel Group Limited one H25 results briefing.
(Operator Instructions)
I would now like to hand the conference over to Mr John Guscic, Managing Director. Please go ahead.
Thank you, Ashley. Welcome, everyone, to the Web Travel Group first-half 2025 result presentation. Joining me today, I have our CFO, Tony Ristevski. Well, a lot has changed since our full year results presentation in May. Most significantly, we have demerged. And as everyone want to discuss, we have a changed revenue margin implication for our business going forward.
Let's go into the demerger first. Next slide. As we announced in May, the intention was to split the company into two component businesses that was successfully implemented on the 30th of September. Web Travel Group, which is the call that you're all on at the moment, runs the WebBeds business. And the Webjet Group runs the B2C business, which was the former OTA business, GoSee and the Trip
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