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23 Nov 2022 07:00
LEI:213800OC94PF2D675H41
Hostelworld Group plc
Capital Markets Day and Financial Year 2022
Hostelworld Group plc ("Hostelworld" or the "Group") today hosts a Capital Markets Day for analysts and investors at the offices of Numis Securities, 45 Gresham Street, London EC2V 7BF, at 2:00pm.
As covered by our Q3 trading update, we continue to see strong booking and revenue momentum, enabled by our innovative and differentiated social network strategy. October net revenues reached 106% of 2019 levels and in November we expect net revenue recovery to improve further.
A combination of strong demand recovery across all geographies, the Group's social network strategy delivering margin growth ahead of expectations and continued strong cost discipline means we expect to deliver Net Revenue of c. €70m and an adj. EBITDA of c. €1m in FY22.
Capital Markets Day:
The event will be hosted by CEO Gary Morrison, CFO Caroline Sherry and CPO Johnny Quach. The presentation will provide further details on the Group's social network strategy and the resulting significant value-creation opportunities for shareholders, hostel partners and customers, for the next three years. We will be setting out the key trends which will drive our financial performance in FY23 and through to FY25.
Performance Indicators FY23-25:
Key performance indicator | FY 2023 trends | FY 2025 trends |
Net GMV1 | ~20% (growth vs. FY22) | 15% CAGR vs. FY22 |
Net Revenue | ~20% (growth vs. FY22) | 15% CAGR vs. FY22 |
Marketing as a % of revenue | 50%-55% | 45%-55% |
Adj2. EBITDA margin | Mid to high teens % | ~20% |
1 Total Transaction Value: Gross merchandise value of bookings net of cancellations (pre-commission) processed on our platform
2 Adjusted EBITDA is earnings before interest, tax, depreciation and amortisation, excluding exceptional and non-cashitems
The presentation will be available on the Group's website at 2:00 pm via the following link: https://www.hostelworldgroup.com/investors/reports-and-presentations/2022
A live webcast of the event can be viewed via the following link: https://brrmedia.news/HostelworldCMD
For further information, please contact:
Hostelworld Group plc Corporate@hostelworld.com
Gary Morrison, Chief Executive Officer
Caroline Sherry, Chief Financial Officer
David Brady, Head of Commercial Finance
Powerscourt Eavan Gannon / Nick Dibden
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Tel: +44 (0) 20 7250 1446 hostelworld@powerscourt-group.com
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About Hostelworld Group
Hostelworld Group is a leading Online Travel Agent focused on the hostelling category, with a well-known, trusted brand, 13.7 million reviews and a loyal customer base built up over 22 years. Our core business provides our customers with hostel accommodation options and hostel focused small group adventure tour products (Roamies) in over 180 countries worldwide via our website and native app platforms in 19 languages.
In parallel with helping millions of hostel focused travellers Meet The World®, we are also committed to building a better world in everything we do. In particular, we are increasing our focus on improving the sustainability of the hostelling industry, through our active involvement in the Global Tourism Plastics Initiative (GTPI), led by the UN Environment Programme and the World Tourism Organization (UNWTO); our membership of the Global Sustainable Tourism Council (GSTC); and our recent partnership with the South Pole to offset all our greenhouse gas emissions in 2021.
Disclaimer
This announcement contains forward-looking statements. These statements relate to the future prospects, developments and business strategies of Hostelworld. Forward-looking statements are identified by the use of such terms as "believe", "could", "envisage", "estimate", "potential", "intend", "may", "plan", "will" or variations or similar expressions, or the negative thereof. Any forward-looking statements contained in this announcement are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Hostelworld's actual results may vary materially from those expected, estimated or projected. Any forward-looking statements speak only as at the date of this announcement. Except as required by law, Hostelworld undertakes no obligation to publicly release any update or revisions to any forward-looking statements contained in this announcement to reflect any change in events, conditions or circumstances on which any such statements are based after the time they are made.
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