REA Group Ltd Annual Report 2021

Annual Report 2021 | REA Group Ltd A$’000 (except where indicated) 2021 2020 2019 2018 2017 Consolidated Results: Revenue from continuing operations 927,811 820,269 874,949 807,678 671,206 Profit before interest and tax (EBIT) 473,029 239,256 252,571 390,474 156,379 Profit before income tax 468,360 233,694 244,954 377,697 150,687 Profit for the year attributable to owners of the parent 322,677 112,373 104,997 252,779 206,066 Earnings per share from continuing operations (cents) 244.6 85.3 79.7 191.9 36.1 Return on average shareholders’ equity (% p.a.) 31% 13% 11% 24% 27% Dividend and distribution 150,392 155,423 154,106 129,070 112,616 Dividend per ordinary share (cents) 131.0 110.0 118.0 109.0 91.0 Dividend franking (% p.a) 100% 100% 100% 100% 100% Dividend cover (times) 2.08 0.72 0.68 1.96 1.83 Financial Ratios: Net tangible asset backing per share ($) 0.84 1.63 0.93 (0.01) 0.39 Net EBITDA (continuing operations) interest cover (times) 262.36 68.14 30.02 37.67 14.05 Gearing (debt / debt and shareholders’ equity) (%) 30% 27% 26% 31% 38% Financial Statistics: Income from dividends and interest 2,179 2,878 2,153 4,590 3,727 Depreciation and amortisation provided during the year 82,612 78,620 59,573 48,702 37,816 Net finance expense / (income) 4,669 5,562 7,617 12,777 5,692 Net cash inflow from operating activities 321,451 419,146 364,054 326,345 296,816 Capital expenditure and acquisitions 381,524 101,172 64,736 372,103 128,264 Balance Sheet Data as at 30 June: Current assets 687,012 373,144 306,961 289,601 458,184 Non-current assets 1,685,274 1,217,379 1,274,770 1,438,496 1,120,629 Total Assets 2,372,286 1,590,523 1,581,731 1,728,097 1,578,813 Current liabilities 351,568 317,776 444,930 311,063 379,095 Non-current liabilities 881,497 408,254 231,366 476,265 394,988 Total Liabilities 1,233,065 726,030 676,296 787,328 774,083 Net Assets 1,139,221 864,493 905,435 940,769 804,730 Shareholders’ Equity Contributed equity 152,140 92,050 89,544 91,325 95,215 Reserves 40,358 67,805 68,120 52,517 36,323 Retained profits 876,547 704,262 747,312 796,421 672,712 Shareholders’ equity attributable to REA 1,069,045 864,117 904,976 940,263 804,250 Non-controlling interests in controlled entities 70,176 376 459 506 480 Total Shareholders’ equity 1,139,221 864,493 905,435 940,769 804,730 Other data as at 30 June: Fully paid shares (000’s) 132,117 131,715 131,715 131,715 131,715 REA share price: – year’s high ($) 173.11 117.30 97.37 93.20 67.97 – year’s low ($) 102.95 62.05 69.23 62.17 47.50 – close ($) 169.03 107.88 96.04 90.87 66.40 Market capitalisation ($000,000) 22,332 14,209 12,650 11,969 8,746 Employee numbers (continuing operations) 2,931 1,496 1,642 1,519 1,423 Number of shareholders 20,842 19,155 14,359 12,985 12,324 Historical Results Year in review Directors’ Report Financial Statements Remuneration Report Sustainability Our Leaders 131