REA Group Ltd Annual Report 2021

Year in review Directors’ Report Financial Statements Remuneration Report Sustainability Our Leaders 9 Annual Report 2021 | REA Group Ltd We look forward to supporting PropertyGuru with its ambitious plans for the digitisation of the property industry in this dynamic region. REA’s Asia business performance was negatively impacted by COVID-19. Significant extended lockdowns and the cancellation of events across all markets contributed to revenues declining by 16%. 11 EBITDA before associates and joint ventures was $10 million. 12 Our primary focus remained on supporting our people and ensuring their health and safety during the prolonged lockdowns experienced across the region. Our investment in North America’s Move, Inc., the operator of realtor.com ®, delivered a strong performance with reported revenue increasing by an impressive 36% in FY21 to US$641 million. The Board is committed to the continual improvement of REA’s Environmental, Social and Governance (ESG) measures. This year we were delighted to become a carbon neutral organisation after completing the Australian Government’s Climate Active certification process. The Group also improved its MSCI ESG rating from BBB to an A. Positive progress was made in further increasing REA’s workforce diversity during FY21. Five out of nine members of the executive leadership team are female, while there is equal gender representation within our employee group across our Australian business. On behalf of the Board, I would like to express my sincere thanks to Owen, his leadership team and all of REA’s employees for their incredibly hard work to finish the year so strongly. We will continue to invest in creating a next generation organisation underpinned by an exceptional culture – accelerating our efforts to bolster our organisational agility, leadership and capabilities. I would also like to thank my fellow Board members for their collective efforts to support our continual success. In November 2020, Roger Amos retired as a Director of the Company. I would like 11 Prior year number includes contribution from Singapore and Indonesia. 12 Financial results from core operations are defined as reported results adjusted for significant non-recurring items such as restructure costs, gain/loss on acquisitions and disposals, related transaction costs, integration costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes to interpretation of tax law). In the prior year, this included items such as restructure costs, revaluation of contingent consideration, gain/loss on acquisitions, disposals and divestments, and impairment charges. Hamish McLennan Chairman REA Group to acknowledge Roger’s tremendous efforts since joining the REA Group Board in 2006, serving as Chairman of the Audit, Risk & Compliance Committee and as a member of the Human Resources Committee. We were delighted to have Jennifer Lambert join the board in December following Roger’s retirement. Jennifer’s extensive business and leadership experience across property and finance further complements and strengthens the Board and its diversity. REA has strong foundations, a clear purpose and an exciting growth strategy, all of which point to a rewarding and prosperous future. We thank all our valued stakeholders for your ongoing support and look forward to a very successful 2022 fiscal year.