WEB Travel Group (WEB) investor relations material

Executive summary

• Achieved 20% growth in TTV to $5.8 billion and revenue to $394.1 million, with margin expansion and market-leading growth driven by strong performance in the Americas and Europe.

• Underlying Group EBITDA rose 24% to $172.7 million, with underlying NPAT up 8% to $85.9 million and underlying EPS up 16% to 23.8 cents.

• Bookings increased 18% to nearly 10 million, led by organic growth in the Americas and Europe.

• Maintained strong liquidity with cash position at $448.1 million as of 31 March 2026 and 107% cash conversion.

• Margin expansion continued, with TTV margin improving to 6.8% and EBITDA margin to 43.8%.

Financial highlights

• TTV up 20% to $5.8 billion; revenue up 20% to $394.1 million; EBITDA up 24% to $172.7 million; underlying EPS up 16% to 23.8 cents.

• Full-year TTV margin improved to 6.8%, with second half margin at 7.1%.

• Net cash from operating activities was $132.4 million, with cash conversion at 107%.

• ROE improved to 14.8% and ROIC to 23.2%, reflecting strong capital efficiency.

• Expenses increased 17% due to CPI, bonus reintroduction, and investment in hotel contracting.

Outlook and guidance

• FY27 TTV margin expected to be at least 6.5%, maintaining pricing discipline.

• Bookings up 6% in early FY27, but TTV in AUD impacted by a 10% FX headwind; long-term growth in bookings and TTV anticipated.

• Corporate costs projected to grow 10% next year; D&A flat; interest costs to rise with new capital structure.

• CapEx expected to remain in line with FY26, with 90% allocated to IT.

• No dividend declared for FY26 to preserve liquidity amid geopolitical uncertainty.