Domain Holdings Australia Ltd
ASX:DHG

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Domain Holdings Australia Ltd Logo
Domain Holdings Australia Ltd
ASX:DHG
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Price: 4.42 AUD Market Closed
Market Cap: 2.8B AUD

Domain Holdings Australia Ltd
Investor Relations

Domain Holdings Australia Ltd. provides multi platform industry solutions. The Company’s brands portfolio includes Domain, Allhomes, Commercial Real Estate, Australian Property Monitors, Domain Review, Pricefinder, Domain Home Loans and Domain Insure. The firm operates through three segments: Core Digital, Consumer Solutions and Print. The Core Digital segment is a digitally focused real estate media and services business. The company provides residential, commercial and rural property marketing solutions and search tools. The company also provides information for buyers, investors, sellers, renters and agents over Australia. The Consumer Solutions segment connects consumers with services at different property lifecycle stages, home loans, insurance, trade services and residential utilities connections. The Print segment provides real estate newspaper and magazine.

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Last Earnings Call
Fiscal Period
Q2 2022
Call Date
Feb 16, 2022
AI Summary
Q2 2022

Strong Revenue Growth: Domain reported half-year revenue of $175.3 million, up 27.9%, reflecting growth across every revenue line.

Margin Expansion: Ongoing EBITDA rose 53% to $68.5 million, with ongoing Core Digital margin reaching a record 50.9%.

Controllable Yield: Controllable residential yield increased 19%, driven by a mix of price and depth, and management remains confident in target yield growth of 12% through the cycle.

Segment Strength: Residential revenue grew 29%, Media/Developers/Commercial up 15%, Agent Solutions up 19%, Property Data Solutions up 21%, and Consumer Solutions up 60%.

Cost Guidance: FY '22 ongoing costs are expected to increase in the low teens from the FY '21 ongoing base, reflecting strong trading and targeted investment.

Positive Outlook: Management sees a robust property market with strong listings momentum, but notes year-on-year comparisons will become tougher due to prior year growth.

Dividend Declared: An interim dividend of $0.02 was declared.

Key Financials
Revenue
$175.3 million
Trading Expenses
$114.3 million
Ongoing Expenses
$106.7 million
Trading EBITDA
$61 million
Ongoing EBITDA
$68.5 million
Trading EBIT
$44.6 million
Net Profit
$26.1 million
Earnings Per Share
$0.045
Interim Dividend
$0.02
Residential Revenue
$120.3 million
Ongoing Core Digital Margin
50.9%
Net Debt
$166.4 million
Cash Balance
$52.6 million
Leverage Ratio
1.4x ongoing EBITDA
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Jason Pellegrino
MD, CEO & Director
No Bio Available
Mr. Peter Williams
Chief Financial Officer
No Bio Available
Mr. Nathan Brumby
Chief Product & Technology Officer
No Bio Available
Ms. Catriona McGregor
Chief Legal & Transformation Officer and Company Secretary
No Bio Available
Ms. Rebecca Darley
Chief Marketing Officer & Managing Director of Consumer
No Bio Available
Mr. Sev Thomassian
Chief Strategy & Corporate Development Officer
No Bio Available
Ms. Alison Hancock
Chief People Officer
No Bio Available
Mr. Pooyan Asgari
Chief Data Officer
No Bio Available
Ms. Yun Yeong Kim
Chief Strategy Officer, Executive GM of Domain Insight & Managing Director of Enterprise
No Bio Available
Mr. John Foong
Chief Revenue Officer & Managing Director of Agent
No Bio Available

Contacts

Address
NEW SOUTH WALES
Level 5, 100 Harris Street, Pyrmont
Contacts