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Anywhere(HOUS) - 2022 Q1 - Earnings Call Transcript
2022-04-28 23:43
Realogy Holdings Corp. (RLGY) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Alicia Swift – Senior Vice President-Financial Planning and Investor Relations Ryan Schneider – Chief Executive Officer and President Charlotte Simonelli – Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Ryan McKeveny – Zelman & Associates Anthony Paolone – J.P. Morgan John Campbell – Stephens Matthew Bouley – Barclays Tommy McJoynt – KBW Justin Ages – Be ...
Anywhere(HOUS) - 2022 Q1 - Earnings Call Presentation
2022-04-28 14:51
& REALOGY REAL ESTATE SERVICES EARNINGS CALL Q1 2022 the REALOGY Sotheby's REALOGY real sure corcoran ERA CENTURY 21 TITLE GROUP INSURANCE AGENCY guaranteed & REALOGY CARTU AFFINITY LEADS GROUP MANAGEMENT PRESENTERS RYAN SCHNEIDER Chief Executive Officer and President CHARLOTTE SIMONELLI Executive Vice President and Chief Financial Officer ALICIA SWIFT Senior Vice President, Investor Relations and Financial Planning & Analysis 2 IMPORTANT DISCLOSURES Forward-Looking Statements This presentation contains for ...
Anywhere(HOUS) - 2021 Q4 - Annual Report
2022-02-25 12:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ REALOGY HOLDINGS CORP. REALOGY GROUP LLC (Exact name of registrant as specified in its charter) (Exact name of re ...
Anywhere(HOUS) - 2021 Q4 - Earnings Call Presentation
2022-02-23 14:12
Financial Performance - Full year 2021 Operating EBITDA reached $902 million[16], compared to $726 million in 2020[34] - Free cash flow for the full year 2021 was $553 million[16], slightly less than the $555 million in 2020[50] - Net revenue for the full year 2021 was approximately $7.983 billion[31], an increase of $1.762 billion compared to $6.221 billion in 2020[31] - Realogy reduced net debt by approximately $900 million since 2019[13] Transaction Volume and Pricing - Realogy Franchise Group closed 1,163,036 homesale sides in 2021[17], a 7% increase year-over-year[17] - Realogy Brokerage Group closed 371,135 homesale sides in 2021[17], an 11% increase year-over-year[17] - The average homesale price for Realogy Franchise Group in 2021 was $424,436[17], a 19% increase year-over-year[17] - The average homesale price for Realogy Brokerage Group in 2021 was $657,307[17], a 19% increase year-over-year[17] 2022 Outlook - Realogy anticipates a full year 2022 Operating EBITDA range of $800 to $850 million[14] - The company expects mid-single digit homesale transaction volume growth in 2022[14]
Anywhere(HOUS) - 2021 Q4 - Earnings Call Transcript
2022-02-18 00:48
Realogy Holdings Corp. (RLGY) Q4 2021 Earnings Conference Call February 17, 2022 4:30 PM ET Company Participants Alicia Swift – Senior Vice President Ryan Schneider – Chief Executive Officer and President Charlotte Simonelli – Chief Financial Officer Conference Call Participants Tommy McJoynt – KBW Ashley Kim – Barclays Anthony Paolone – JPMorgan Dennis McGill – Zelman & Associates A.J. Hayes – Stephens Inc. Justin Ages – Berenberg Kwaku Abrokwah – Goldman Sachs Operator Good afternoon, and welcome to the R ...
Anywhere(HOUS) - 2021 Q3 - Quarterly Report
2021-11-03 10:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (I.R.S. Employer Identification Number) (I.R.S. Employer Identification Number) Commission File No. 001- ...
Anywhere(HOUS) - 2021 Q3 - Earnings Call Presentation
2021-10-28 19:25
& REALOGY REAL ESTATE SERVICES EARNINGS CALL Q3 2021 l BS CENTURY 21 ERA Sotheby's & REALOGY @ BESOURCES' & REALOGY guarantood Rate @ REALOGY CARTUS. corcoran RYAN SCHNEIDER Chief Executive Officer and President 2 MANAGEMENT PRESENTERS CHARLOTTE SIMONELLI Executive Vice President and Chief Financial Officer ALICIA SWIFT Senior Vice President, Investor Relations and Financial Planning & Analysis IMPORTANT DISCLOSURES Forward-Looking Statements This presentation contains forward-looking statements. The Compan ...
Anywhere(HOUS) - 2021 Q3 - Earnings Call Transcript
2021-10-28 18:37
Realogy Holdings Corp. (RLGY) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Alicia Swift - Senior Vice President Ryan Schneider - Chief Executive Officer and President Charlotte Simonelli - Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW James Hawley - Stephens Matthew Bouley - Barclays Ryan McKeveny - Zelman & Associates Justin Ages - Berenberg Operator Good morning, and welcome to the Realogy Holdings Corp. Third Quarter 2021 Earnings Conference ...
Anywhere(HOUS) - 2021 Q2 - Quarterly Report
2021-08-04 11:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (I.R.S. Employer Identification Number) (I.R.S. Employer Identification Number) Commission File No. 001-35674 ...
Anywhere(HOUS) - 2021 Q2 - Earnings Call Transcript
2021-07-29 18:22
Financial Data and Key Metrics Changes - Realogy reported Q2 2021 revenue of $2.3 billion, an increase of $1 billion compared to 2020 [25] - Operating EBITDA reached $310 million, up $135 million year-over-year, and up almost $70 million versus 2019 [9][25] - The company ended the quarter with a net leverage ratio of 2.5x and over $850 million in cash [10][32] Business Line Data and Key Metrics Changes - Realogy Brokerage Group revenue was $1.8 billion, up $858 million year-over-year, with operating EBITDA of $70 million, an increase of $55 million [26][27] - Realogy Franchise Group revenue was $347 million, up $120 million versus prior year, with operating EBITDA of $224 million, an increase of $99 million [28] - Realogy Title Group revenue was $255 million, up $95 million year-over-year, with operating EBITDA of $55 million, a decrease of $6 million [29] Market Data and Key Metrics Changes - Realogy's transaction volume growth was up 85% year-over-year, significantly outperforming NAR's growth of 53% [9] - The company gained significant market share, ending June at 16.4% on a last 12 months basis [9] - Closed transaction volume in July month-to-date was up 20% versus 2020 and up 30% versus 2019 [11] Company Strategy and Development Direction - Realogy is focused on investing in technology and product innovation, emphasizing an open architecture approach [21] - The company is expanding its luxury business, with Sotheby’s International Realty becoming the fifth largest brand in U.S. residential real estate [19][20] - Realogy is also investing in its joint venture RealSure, which helps customers sell and buy homes with guaranteed cash offers [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market, noting that demand for home purchases is substantially outpacing supply [13] - The company anticipates challenges in year-over-year comparisons in the second half of 2021 due to strong performance in the previous year [12] - Management highlighted the importance of unit growth in Q2, which outpaced price appreciation [49] Other Important Information - Realogy achieved free cash flow of $243 million, up $196 million year-over-year [32] - The company is focused on cost efficiency, with $70 million of the $80 million permanent cost savings target already actioned [31] - Realogy's mortgage joint venture saw strong purchase volume but faced challenges with refinancing volumes [30] Q&A Session Summary Question: Sustainability of luxury market trends - Management noted that the luxury market has shown consistent trends for over a year and expects it to continue outperforming due to factors like remote work [39][40] Question: Competitive dynamics in the mortgage business - Management emphasized their strong performance in the mortgage sector, integrating it with title and relocation services to drive results [42] Question: Housing outlook and inventory inflow - Management highlighted that unit growth was more significant than price appreciation in Q2 and expressed optimism about ongoing demand for housing [50][51] Question: Agent commission rates and value - Management defended the value of agents, noting that more people are using agents and that commission rates have remained stable [54][55] Question: Agent recruitment and retention - Management reported strong retention rates and consistent recruitment growth, indicating a healthy competitive position [60] Question: Volume trends and price appreciation - Management clarified that July's volume increases were primarily driven by price appreciation rather than unit growth [72][74] Question: Relocation business dynamics - Management acknowledged the headwinds from work-from-home trends but noted green shoots in the international relocation business [81] Question: Title Group attach rates - Management discussed efforts to capture more transaction economics through digital tools and strategic investments in the Title Group [90][92]