Domain Australia (DHG) AGM 2024 summary

Opening remarks and agenda

• Chairman welcomed attendees, acknowledged traditional custodians, and outlined safety procedures for the venue.

• Introduced board members, company secretary, and CEO; explained meeting formalities and voting procedures for both in-person and virtual participants.

• Chairman Nick Falloon opened the meeting, outlining the agenda and strategic focus for FY24 and beyond.

• Agenda included Chairman's address, CEO business review, formal business, and resolutions.

Financial performance review

• FY24 revenue reached AUD 391.1 million, up 13.1% year-on-year, with EBITDA of AUD 137.1 million, a 26.2% increase.

• Earnings per share rose 27.8% to AUD 0.078; total dividend maintained at AUD 0.06 per share.

• Net debt stood at AUD 150.8 million, with a leverage ratio of 1.1x EBITDA.

• Statutory net profit attributable to members was AUD 42.4 million after significant items and discontinued operations.

Board and executive committee updates

• CEO Jason Pellegrino announced his resignation after six years, with a transition period of three to six months.

• Board is conducting a search for a new CEO, considering both internal and external candidates.

• Rebecca Haagsma to step down from the board at year-end.

• New directors Matt Stanton and Mickie Rosen introduced; Greg Ellis stood for re-election.

• CEO Jason Pellegrino presented a business review, highlighting six years of Marketplace strategy and margin improvements.