FY24 Full Year Investor Presentation
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FY24 Full Year Investor Presentation
In FY24, hipages Group delivered exceptional financial results, exceeding targets with record marketplace activity leading to revenue growth, positive free cash flow, and a strong balance sheet with no debt. The strategic shift from marketplace to platform was successful, with the launch of hipages tradiecore in April 2024. For FY25, we are targeting low to mid-teens revenue growth and further margin expansion. Operating leverage underpins margin expansion, with revenue growth and EBITDA margin expansion as key targets.<br/><br/>Our Australian operations saw significant growth, with increased connections between tradies and homeowners, growth in ARPU, and an increase in subscription tradies. Marketing efficiency was strong, with an expansion in reach and brand awareness while reducing marketing spend as a percentage of revenue. In New Zealand, ARPU growth was driven by the transition to a full subscription model by the end of FY25.<br/><br/>Our strategic focus is on the homeowner segment in the tradie economy, with significant growth potential ahead. We have outlined a detailed roadmap for the coming years, including the successful launch of hipages tradiecore and plans for further product evolution. Overall, we are committed to delivering sustainable growth and value for our shareholders.<br/><br/>For more information or questions about our financial results and strategic plans, please reach out to us. Your trust and participation are essential to our success as we continue building better lives for all involved in the trade industry. Thank you for your ongoing support.
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