HY UPDATE - AGENT GROWTH UNDERPINS CONTINUED MOMENTUM

ASX Release
24 February 2022

                      HY FY22 & APPENDIX 4D UPDATE
         AGENT GROWTH UNDERPINS CONTINUED MOMENTUM
Highlights
                                                     HY2022                HY2021              % Change
    Gross Commission Income ($M)                      52.9                  38.1                 +39%
    Revenue ($M)                                      35.56                 29.45                +21%
    Normalised EBITDA – pre AASB16 ($M)1              2.14                  1.60                 +33%
    NPAT ($M)                                         1.25                  0.83                 +50%

National real estate company The Agency Group Australia (ASX:AU1) (“The Agency” or “the Company”) has
delivered significant HY22 financial results across its business as it further grows its presence now in five
states and territories across Australia.

The Agency has announced a 33% increase in Underlying EBITDA from $1.60m, to $2.14m for the first half of
the 2022 financial year after strong growth in the number of transactions.

The increase in revenue was primarily due to a 39% year-on-year increase in Gross Commission Income (GCI)
to $52.9 million (1H21 $38.1 million). In the period, The Agency sold 2,910 properties for a combined value
of $3.1Bn

Net Profit After Tax for the HY FY22 was $1.25 million compared to $0.83 million NPAT for HY FY21, a 50%
increase.

As at 31 December 2021, the Group's cash and cash equivalents increased from 30 June 2021 by $1.17
million to $6.26 million at 31 December 2021 (30 June 2021: $5.10 million).

The net assets of the Group have increased from 30 June 2021 by $1.63 million to $15.77 million at 31
December 2021 (30 June 2021: $14.14 million).

As at 31st December 2021, the Company consisted of 345 agents, a 16% increase on the 298 agents as at
31st December 2020. Importantly, since 31st December 2021, The Agency has further accelerated its
recruitment drive adding four new agents in the ACT, seven new agents in NSW, seven new agents in QLD
and four new agents in WA.

1
 After adjusting for HY2021 for Government grants received of $1.16 million in HY2021. EBITDA pre AASB16 for FY2022
was not impacted by Government grants

Commenting on the HY results and outlook, The Agency Managing Director & CEO Geoff Lucas said: “These
are pleasing results for our business as we look toward the next stage of growth. I am pleased with how the
business served our customers throughout the challenges that COVID provided whilst our team set multiple
suburb records.

“So far this financial year we have expanded our geographical presence into Manly in NSW, Sunshine Coast
and Toowoomba in Queensland and the ACT. Recent success in agent recruitment has yet to fully flow
through to our operating profit and provides tailwind opportunities to grow national market share and
earnings for future periods.

“As at 31 December, our team now comprises 345 Agents, a growth of 47 agents across 2021. Our success in
recruitment of new agents is attributed to our direct engagement model with agents, which I believe is
attractive to agents which the recent recruitment success validates.” Mr Lucas concluded.
Outlook

Following a period of record price growth and a strong uplift in transactional volumes across Australia, the
company expects a period of moderation in price growth as the market moves toward equalibrium in
response to macro economic influences.

Despite the expected moderation in price growth, The Agency expects transaction growth from expanded
agent numbers and new geographical markets.

Investor Webinar

The Agency advises that Mr Lucas will provide an update on the financial and operational results of the
Company for the half year FY2022 via an investor/ media webinar today Thursday 24 February 2022 at
11:30am (AEDT) (8:30am AWST).

To register for this webinar, please click on the link below:

https://us02web.zoom.us/webinar/register/WN_hxyS0KkOSNqCLCGUuiVCrA

Once you have registered for the event you will be provided with detailed instructions on how to view the
webinar.

                                                      ENDS

Announcement authorised for release by the Board of The Agency Group Australia Limited.

If you require further information, please contact:

 Investors                                                Media
 The Agency Australia Ltd                                 Chapter One Advisors
 Geoff Lucas                                              David Tasker / Colin Jacoby
 T: +61 02 8376 9100                                      T: +61 433 112 936 / +61 439 980 35