Q2 2022 Mondee Holdings, Inc Earnings Call

four 20, twent ning compferenance Co IP in add only out after today. transation will be opportunity to quest now. We record. I will now like the conference call over. I TR had ning one work come M second quarter thousand 20, three conference call we. We ments year, year and and financial office pres ressuourts. Also ailable are V trategy off or ES twent ase and oper of. Before we begbegan RE one the this four state, ayments including statements revenue cloth, business or management and govern planans and other nine payments for discri pro rele this four stateayments, certain risks on certainteen and struions, including those M growth we ion of industry or prict govern sixsuccess or managenationalal performance and general acconomic and business conditions. We obligation statements, changes after call, discriptions of the and other. The calls ual ressuour have 3, the first from these four stateayments, or discusto reportts 5, C and and our cfirst rele that issu four We also teen nine financial measures, soationions of the most parable measures or also ailable in the proross release which is available and VS mar second quarter ressuourts or the three in thirty 3, 20 and mar TR as after and teen. Since we were private company, Y the second quarter money is now requiirered to 5, the six while we are requi ning rele ning call, we call and five cont eight included, dateded V prespresentation which is aable web and four meion. So we upd and our business and financial performance. Now in VE rep thir quar periions. We to thank and welcome every one to second quarter ning we .preci year interest, whether shared hold ced ppli, business partners and plo clorosspect to Sha hold or and list. Will begin to call with the semary of our business highlights and state and then will the call or to four than ific for more TA review our financial resul and outlookwe will then include the session with time to few questions and exc to N that in the second quarter of 20, 20 two mon continue to deliver profitable growth. Growth revenue of six hundred fourtwentteen point eight million dollars was one hundred eighty pres year over year, while net revenue of fory two point seven million was eighty one pres year over year. In addition, as we kcale, we continue to deliver proofitability. Second quarter just Ed four point four million in Q to 20 20, one and double quarter or quarter and one many comments in the second quarter the three areaas that STR financial and operating resuand set we for the second half of the year. First we capitalizeded on on going travel market covery. Second, we continue to improve and platform and we position companyy for growth with public market dew, starting with the recovery, the travel market, the travel industthree exresscily international travel, which was D during most of 20 20, one begin strong recovery through second quarter of twent 20, two. All though was UN, some parts of the world which were impact by defering post pandemic recovery polices on going effect of the in the TR in inflation and ary TR market. First, four international travel. In international travel recovered se areaas more than other Ed largely on regional posted pandemic openings. We operating conure we are able to icly market sales fourcus and go to market dis SL four of our most V representation, the of transactions by region in the second quarter of 20 20 two, where ES the pre pandemnamic second quarter of 20, 19 shows exexample not have recove in line with three pandemic MI yearu or perform in the first half of the year and year representents and opportuny for second half of 20 20, two not Tel and CI transactions reend to niney pres of three pandemic levels by since not priimary market and the market we are market lead was the first to fourcus go to market resources to cap izes on the covery as European and ionions open. Next we exest marketing's and resources inclcrease market day we which added tothe gener recovery tenions. This ATE RE strong transaction and market in the europeianion marketts. In the second quarter we, which now presions 20, seven pres of transactions which is more than doul from we pres in twent 20, two or European ions have now ex three pandemic MI the market have more improve ion continue to have travel disstrictions during the first half of 20 20 two, particularly chin which was the significant market for 1, four the pandem as travel disstrictions e ation market represent stal Opp our continue recovery in the second have and we are positioning market and another resources to cap ital izes on TR. In addition to the general market recovery we have capitalizeded on other market channe opportunes. We with plan go to market in it to perforing. We as remainmind plan ities solition for member organizations and small to million close us groups not high L in the secondgment of businesses. The all most four inclincre in decickets plan platform for this closed us groups. Since uary of this year driving some of this growth is RE ions thir ty part with e, B lead activities and even cont provided teen's even ions and more. We, which together ionsces such as are with reility and others inclcreased acts to one hundred and 20, five million members currently, from less then million in the beginning of 20 20, two and four million in 20, 20. the second ril of our performance is technnoies revenue growth. mon travel market place is enable by travel platform effecttiively connecting lobal contentents serv's, distributition channels and ates to arget close us groups. This continueously volving eques fees. The fouring first in our global content have we- we are allready the lead in not trvate FA. weare apid exexping fourtel and we cation Al content actily adding 3, even deckets and exgressively exploing options to cloes and to cont. In addition, are technno now position to us gener content C sources. Second, in service have we providide fourll cover for customer and travel need 20 4, seven bases and expect to exexpplan local expectes and content ation forurther conom Q C source bases. The service have providide LL of support for our lead closes and TA distribution channe and customers. Last but not lead, the content management service support and distributition capableability or enable by our continueous LY volving platform. We, which now inclclosed capable ilityities such as or chanl lelivery of conver Al conmon features this next platform continue to ie traction and we expected to improve resul. Going fourward is dri additional efits for our five thousand travel ves and imaging con trave workers who conne with our high value cont from more than five hundred land, over million hotel and ationion teners and various cial offerings as remind mon sources prices and ERS travel comination scale that conarable to the large lobal on line travel companyies with most privatelyly gotisha FA, the mon ING the current moment and ableility of our platform. In the second quarter we facilated prox may five hundred and five thousand transactions. Forty six expect year over year prox may four hundred and sixtyy thousand. Second quarter 20 20: one We de five transactions as the concontinuers comp three travel experiions. So signal transaction coing inclued ultiable flightses and hoteters or theation cents as solions. In addition are platform provididees: three and solions customized for the travel industry, tring from ual cours and proteions, solitionions to social mion campa and travel in. Further exexample of the sixes of this platform is the RE from our offering for Q to 20 20, two which were iminressive one hundred and eighty four pres growth year over year. More exciting, we may ID fivees on our Ed L ation on our next conom platform and priilating with customers, SP including main lead fourcus travel companyy. We expect to moveving to fourll ployment of next platform in the second half of the year. We also, after platform plan to member organizations, CLOs us groups and ES are platform EXT the benefts of the mon equsystem to ual in the AR ororganizationsions and CLOs us groups forurther pres and travel need as mention o transactions in channe having CRE all most four X since the beginning of 20 20, two ING to RE that ING which is area of complishment and positioning for the future. On line 19 of this year mon begbegan tring on the under sim mon or and the. We cominging a public companyy in the significant and like to all of share holders and ploes customers, supppliers and partners for continue and hard work. We are TR to are gener companyy we look for to levevering public market sters and forst capital structure to enable to execute acquisitions of companyyies. That three thir rereg RE. We have three of. We caliated and fully grated transactions RE STR revenue and cost ES. We plan exgively execute geted accre acquisition strate which will help exual ATE or growth plions. We have five numberber of ecre acquisition arke. That we believe good fif for our platform as we continue to dis and trans from the travel industthree will now Ed the call to ific mon review of our financial performance and outlook. Thank and trans or for weare company. Second quarter: fincial performance: proseual way continue growth proper ary dis permance ven in time by ch revenue growth. We four qu vvid by the public marts afterptimiz or cap structure and we are now uring transaction or plan and transact transaction. Second quarter cloth revenue grou: one hundred 8% year over year. six hundred Fifteen $9 reue group: 8, 1% year over 4, three $9 afterformmention growth cloth travels quar more than off ketts TR takeate protr which we revenue TH revenue.