Serko FY23 Full Results Announcement Date - 17 May 2023

17 May 2023

FY23 Full Year Results Announcement

AUDITED FINANCIAL RESULTS FOR THE YEAR TO 31 MARCH 2023
Disciplined Execution Driving Strong Growth

Serko Limited (NZX & ASX: SKO), a leader in travel and expense management for business, today announces results for the year to 31 March 2023, with total income up 154%, reflecting strong growth and performance. Total income of $48 million was just ahead of the revised FY23 guidance range of $42 million to $47 million.

Summary of Financial Results:

• Total income $48 million, up 154%
• Average revenue per booking $9.56, up 65%
• Average revenue per completed room night €9.34, up 36%
• Online bookings of 4.1 million, up 93%
• Completed room nights on Booking.com for Business 1.5 million, up 381%
• EBITDAF loss of $21.8 million, a 23% improvement
• Net loss after tax of $30.5 million, a 15% improvement
• Cash and short-term deposits $87.7 million
• Underlying average monthly cash burn $2.7 million
• FY24 guidance for total income of $63 million to $70 million

All dollar amounts are New Zealand dollars unless otherwise stated.

Please find attached the following documents containing additional information:
• Market Release
• Results Announcement (NZX Appendix 2)
• Investor Presentation
• Annual Report
• ESG Report
These documents will also be made available on: www.serko.com/investor-centre/

Full Year Results Call
The full year results will be discussed on a conference call at 11.00am (NZT) today.
A live webcast of the call can be accessed at the following link: https://event.webcasts.com/starthere.jsp?ei=1599337&tp_key=e978afbb21

To participate in the call dial one of the following numbers 5-10 minutes prior to the call start time.
The call confirmation code is 167859.

Location Phone Type Phone Number
New Zealand Tollfree/Freephone 0800 423 972
New Zealand, Auckland Local +64 (0)9 9133 624
Australia Tollfree/Freephone 1 800 590 693
Australia, Sydney Local +61 (0)2 7250 5438
Hong Kong, Hong Kong Local +852 5803 0798
Singapore Tollfree/Freephone 800 120 7297
United Kingdom Tollfree/Freephone 0800 279 0424
United Kingdom, Local Local +44 (0)330 165 3646
United States/Canada Tollfree/Freephone 800-289-0459

For and on behalf of Serko by Shane Sampson, Chief Financial Officer.
ENDS

For further information and investor relations queries please contact:

Shane Sampson
Chief Financial Officer, Serko
+64 9 884 5916
[email protected]

For media relations queries please contact:

Coran Lill
The Project
+64 27 342 3836
[email protected]

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Announcement PDF