Siteminder (SDR) AGM 2025 Presentation summary

Business momentum and financial performance

• Revenue growth accelerated from 15.0% in FY22 to 19.2% in FY25, with a medium-term goal of 30%.

• Annual recurring revenue (ARR) growth reached 27.2% in FY25, with strong subscriber additions and increased adoption of transaction products.

• Underlying EBITDA improved from $(22.4)m in FY22 to $14.3m in FY25, and free cash flow turned positive at $4.7m.

• Gross booking value surpassed $85.0b, reflecting significant operational scale.

• Rule of 40 performance increased from (15) to 21, indicating improved balance between growth and profitability.

Strategic initiatives and product innovation

• Smart Platform and Revenue Flight Deck unify intelligence, revenue management, and distribution for hoteliers.

• Product suite includes Dynamic Revenue Plus, Channels Plus, and Smart Distribution, enhancing automation and decision-making.

• Smart Platform adoption is driving accelerating ARR and revenue growth, with introductory promotions and timing of contributions impacting growth spread.

• Revenue maturity of new products is expected to increase over the next several years, supporting long-term growth.

Value creation and market opportunity

• Over $85b in gross booking value and 250m+ room nights processed, with current ARR representing 0.3% of GBV.

• Full product adoption could unlock up to 1.5%+ of GBV, representing a 5x opportunity versus current value capture.

• Significant value unlock potential exists within the existing customer base as product usage expands.