PropertyGuru Group Limited (NYSE:PGRU) Q2 2023 Results Conference Call August 24, 2023 8:00 AM ET

Company Participants

Nat Otis - VP of Investor Relations

Hari Krishnan - CEO and Managing Director

Joe Dische - CFO

Conference Call Participants

Nick Jones - JMP Securities

Nelson Cheung - Citi

Operator

Thank you for standing by and welcome to the PropertyGuru Group's Second Quarter 2023 Earnings Conference Call. Currently, all participants are in a listen-only mode. As a reminder, today's program will be recorded. If anyone objects, please disconnect now. After the prepared remarks, we'll conduct a question-and-answer session using the raise hand function in Zoom. Please ensure that Zoom shows your name and firm. In the Q&A session, we will only take questions from those participants who are named.

Now let me introduce Nat Otis, VP of Investor Relations. Mr. Otis, please go ahead.

Nat Otis

Good morning and good evening. Welcome to PropertyGuru Group's second quarter 2023 earnings conference call. On the call today are Hari Krishnan, CEO and Managing Director; and Joe Dische, CFO. Before we get started, a few reminders. Firstly, all results are available in the earnings release that can be found in the Investors section of our website.

Secondly, today's webcast is being recorded. A replay along with the transcript will also be available in the Investors section of our website. Thirdly, we will be making forward-looking statements, including, but not limited to, statements regarding our future results and expectations for the business. These results are neither promises nor guarantees and involve risks and uncertainties that may cause actual results to vary materially. Please refer to our earnings release and SEC filings for more information regarding risk factors.

Forward-looking statements are based on current expectations, and the company is not obligated to update them except as required by law. Fourthly, this call will also contain non-IFRS financial measures. For a reconciliation of non-IFRS financial measures to the most directly comparable you see our earnings press release.

Lastly, all dollar references are in Singapore dollars, unless otherwise stated.

With that, let me turn the call over to Hari.

Hari Krishnan

Thank you for joining us today for our second quarter 2023 earnings conference call. PropertyGuru delivered another good quarter of growth with expanding operational profitability. This was the result of focused investments and good execution despite ongoing macro challenges in Vietnam. We've posted double-digit revenue growth and double-digit adjusted EBITDA margin standing from in the Southeast Asian economy wrestling with inflation and uncertainty. We're making good progress in delivering solutions that empower all our customers to make confident property decisions.