PropertyGuru Limited (NYSE:PGRU) Q4 2022 Earnings Conference Call March 1, 2023 8:00 AM ET

Company Participants

Nat Otis - Vice President, Investor Relations

Hari Krishnan - Chief Executive Officer and Managing Director

Joe Dische - Chief Financial Officer

Conference Call Participants

Fawne Jiang - Benchmark

Nelson Cheung - Citi

Operator

So we get started. So thank you everyone for standing by and welcome to PropertyGuru Group Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Now let me introduce Mr. Nat Otis, VP of Investor Relations. Mr. Otis, please go ahead.

Nat Otis

Good evening. Welcome to PropertyGuru Group’s fourth quarter 2022 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 earnings release that can be found in the Investor section of our website. Secondly, today’s webcast is being recorded. Replay along with a transcript will also be available in the investor 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. The 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 in SEC filings for more information regarding risk factors. Forward-looking statements are based on current expectations and the company is not obliged to update them except as required by law. Fourthly, this call will also contain non-IFRS financial measures for reconciliation of non-IFRS financial measures to the most directly comparable IFRS metric. Please 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, everyone for joining us today for our fourth quarter 2022 earnings conference call. 2022 was an exciting and historic year for PropertyGuru as we listed on the New York Stock Exchange in March, grew revenues by a robust 35% for the full year and were adjusted EBITDA positive. Hard work by all of our gurus as well as an increased product adoption, improved pricing and the continued integration of the iProperty acquisition all helped to offset challenging market conditions. That said macro and fiscal policy uncertainty continues to test our customers. Given this reality PropertyGuru will be there to help them navigate the current market, as well as set them up to take advantage when landscapes ship and pent up demand begins to float.