Airtasker Ltd Webinar Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: John Burgess - RAAS Group - Analyst : Well, I guess -- so the piece that we identify are -- we have kept to Australia in small caps. So there's no -- they just many marketplaces. And they're in various stages, I guess, development. So it is difficult to compare some of your peers. But so -- but certainly, it's got more cash in the bank than most of them on a market cap basis. It's probably -- it's larger than a lot of the ones we use. Like, MadPaws and Camplify, they're similar. Obviously, they don't do services but they're marketplaces. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 04, 2024 / 2:00AM, ART.AX - Airtasker Ltd Webinar Presentation Yes, but I haven't gone to that looking at the big players overseas and comparing them. That's probably two or three months' work. Yes, but so certainly and then obviously, in the way we look at the stock, we look at those peers that have reasonable multiples. I mean, for example, Camplify for FY25 using consensus estimates, it's about 45 times EBITDA. So we don't use that as one of our peer multiples, we strip that out. We just look at the peers that have sensible multiples on the average multiple of those five peers that we use is about 12.7 times EBITDA. And so that's a starting place from a valuation point of view as to how we look at Airtasker and particularly the Australian business. So I don't know if that answers the question, but this is -- we're cognizant of not wanting to compare a $120 million market cap to a $12 billion market cap. We tend to stick to the small ones, sub-$300 million, sub-$400 million. And in that space, there's varying marketplaces at various stages of development. I think we've come to a good medium as to how we look at Airtasker relative to those stocks. Unidentified Participant And from a personal point of view, someone who's done the work, what will you be looking for during the coming 12 months? And what does success look like for you?