REG - Hostelworld Grp PLC - Capital Markets Day

HostelworldAnnouncement

23/11/2022 07:00

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RNS Number : 2792H  Hostelworld Group PLC  23 November 2022

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 GMV(1)                   ~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%
 Adj(2). 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-cash

items

 

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
(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 (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                                                  Tel: +44 (0) 20 7250 1446

 Eavan Gannon / Nick Dibden                                   hostelworld@powerscourt-group.com

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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