Temple & Webster Group (TPW) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners, including the Gadigal and Wangal people, and introduction of board, executive team, auditor, and share registry representatives.

• Outlined meeting procedures, agenda, and voting protocols for shareholders and proxies.

Financial performance review

• FY 2024 revenue reached AUD 498 million, up 26% year on year, with EBITDA (pre one-off costs) at AUD 13.1 million and free cash flow exceeding AUD 25 million.

• Market share in the furniture and homewares category rose to 2.3%, up 31% year on year.

• Closing cash balance was AUD 116 million, with no debt, supporting ongoing growth plans.

• Active customers increased to 1.09 million, with repeat orders up to 60% of all orders and strong customer satisfaction.

• FY25 trading remains strong, with 26% year-on-year growth YTD to August 11.

Board and executive committee updates

• Welcomed new CFO, Cameron Barnsley, and highlighted his capital markets experience.

• Former CFO Mark Taylor transitioned to a new role focused on IR and growth.

• Chair Stephen Heath up for re-election, marking his tenth year with the company.

• Board comprised of Stephen Heath (Chair), Conrad Yiu (Deputy Chair), Belinda Rowe, Melinda Snowden, and Mark Coulter (CEO).