Helloworld Travel (HLO) AGM 2024 summary

Business overview

• Retail network includes over 2,700 agents and brokers across Australia and New Zealand.

• Helloworld Travel Academy trained over 550 new advisors in FY24, all placed within the network.

• No substantive business overview information provided.

Leadership and governance

• Board led by Chairman Garry Hounsell, with Andrew Burnes as CEO and Managing Director, and a diverse team of executive and non-executive directors.

• Management includes CFO Mike Smith and Group Company Secretary Sylvie Moser; EY serves as auditors.

• Rob Dalton was re-elected as director with 99.47% of proxy votes in favor.

Financial performance

• Total Transaction Value (TTV) rose 62.5% to $4.2 billion in FY24, up from $2.6 billion in FY23.

• Revenue increased 37.5% to $228.2 million; underlying EBITDA up 52.9% to $67.5 million.

• Profit after tax grew 60.2% to $30.7 million; earnings per share up 54.8% to 19.2 cents.

• Full year dividend increased to 11.0 cents per share, a 37.5% rise, with a payout ratio of 57%.

• Strong liquidity with significant cash reserves, no bank debt, and $63.5 million in operating cash generated.