Auction Technology Group PLC
LSE:ATG

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Auction Technology Group PLC
LSE:ATG
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Price: 294.5 GBX 3.15% Market Closed
Market Cap: 355.1m GBX

Auction Technology Group PLC
Investor Relations

Auction Technology Group Plc engages in the operations of online market places for curated auctions. The firm is the operator of the marketplaces for curated online auctions. The company offers three sectors, such as industrial machinery, construction and farm equipment, art, antiques and collectables, and consumer surplus and retail returns. The company offers a consistent user experience, service support and system delivery through multiple touchpoints, with real-time audio and video broadcast of auctions. Its technology and tools include Global Auction Platform, WaveBid and Auction Mobility. The Global Auction Platform is a hosting live and timed auctions across multiple brands each day, with real-time audio and video broadcast. The WaveBid offers a suite of products designed to simplify auction house management. The Auction Mobility provides digital auction technology for auctioneers that have bespoke requirements for running the businesses, including customized auction software, Website design and e-commerce solutions.

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ATG
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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Dec 1, 2022
AI Summary
Q4 2022

Strong Revenue Growth: ATG delivered revenue of GBP 119.8 million for FY '22, up 11% year-over-year on a pro forma constant currency basis.

Margins Maintained: Adjusted EBITDA reached GBP 54 million, up 70%, with EBITDA margin flat at 45% despite increased investment.

Growth in Value-Added Services: Payments and digital marketing now account for 16% of revenue, growing 40% year-over-year.

Robust GMV and THV: GMV increased 20% to GBP 3.3 billion; THV grew 22% to GBP 10.1 billion.

Confident Outlook: Management expects high single-digit to low double-digit revenue growth in FY '23, with higher second-half growth as payments and digital marketing ramp up.

Investments in Tech & Talent: Significant hiring and tech upgrades aim to support long-term growth, with leadership and specialist roles added.

Flat EBITDA Margin Guidance: EBITDA margin is expected to remain broadly flat in FY '23, reflecting continued investment.

Payments Rollout: Payments launched earlier than planned; 49 auction houses signed, 16 using, and $1.2 million processed so far.

Key Financials
Revenue
GBP 119.8 million
Adjusted EBITDA
GBP 54 million
Adjusted EBITDA Margin
45%
Adjusted Diluted EPS
29.5p
Adjusted Free Cash Flow
GBP 49.9 million
Adjusted Net Debt
GBP 129 million
Gross Profit
GBP 79.7 million
Gross Margin
67%
GMV
GBP 3.3 billion
THV (Total Hammer Value)
GBP 10.1 billion
Conversion Rate
33%
Take Rate
3.3%
VAS Share of Revenue
16%
Bidding Sessions
over 172 million
Lots Sold
7 million
Other Earnings Calls
2022

Management

Mr. John-Paul Savant
CEO & Director
No Bio Available
Mr. Richard Lewis
Chief Operating Officer
No Bio Available
Mr. Pratyush Rai
Chief Technology Officer
No Bio Available
Ms. Marika Clemow
Senior Vice President of Corporate Development
No Bio Available
Ms. Suzie Ryu
Vice President of Global Marketing
No Bio Available
Mr. Darren Ali
Chief People Officer
No Bio Available
Mr. Dan Pennington
Senior VP & Co-Head of Revenue North America
No Bio Available
Ms. Kathrin Haase
Managing Director of Lot-Tissimo
No Bio Available
Mr. Jeremy Stewart
President of North America
No Bio Available
Wyatt Barrett
Senior Vice President of Engineering
No Bio Available

Contacts

Address
London
The Harlequin Building, 65 Southwark Street
Contacts