REA Group Ltd Annual Report 2021

REA Group Ltd | Annual Report 2021 4 FINANCIAL HIGHLIGHTS The Group delivered an excellent financial performance in FY21. Year in review Year in review The Group’s result reflects an ongoing focus on innovation and the release of new products and features to deliver increased customer value and highly personalised consumer experiences. Financial highlights from core operations 1 include year-on- year (YoY) revenue 1 growth of 13% to $928 million. EBITDA 2 increased 19% to $565 million and net profit from core operations 3 increased 18% to $318 million. These results include the consolidation of the Elara business from 1 January 2021. Excluding the impact of acquisitions, revenue increased by 11% for the year, EBITDA 2 increased by 21% and NPAT 3 was up 24%. Strong cost management across the year resulted in core operating cost growth (excluding acquisitions) being contained to 3% YoY. Pleasingly the Group maintained its strong core EBITDA 1 margin at 60%. The Board declared total dividends of 131 cents per share in respect of the 2021 financial year, a 19% increase on the prior year, reflecting the strength of the business. Alongside REA’s strong financial results, significant milestones were achieved despite ongoing COVID disruptions. Our core business saw the achievement of record audience levels, record uptake of key advertising solutions and the unveiling of new products and features to drive more leads to our customers. At the same time we accelerated our strategy, announcing a number of pivotal investments in Australia, India and Southeast Asia designed to deliver long-term sustainable growth. Further details regarding business operations and financial results can be found in the Directors Report on pages 30 – 42. Revenue 1 $927.8m 13 % 2021 2020 2019 2018 2017 Total dividends per share 131.0¢ 19% 2021 2020 2019 2018 2017 1 Revenue is defined as revenue from property and online advertising, and revenue from Financial Services less expenses from franchisee commissions.