Anywhere Real Estate : Second Quarter 2022 Fact Sheet
July 28, 2022 at 10:37 am EDT
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Anywhere Real Estate Inc. is Empowering
Everyone's Next Move
Following our rebrand to Anywhere Real Estate Inc. ('Anywhere') in June, we continue to execute on our consumer-focused strategy to simplify and integrate the full home buying and selling process.
On July 13, 2022, we renamed our business segments to Anywhere Brands, formerly known as Realogy Franchise Group; Anywhere Advisors, formerly known as Realogy Brokerage Group; and Anywhere Integrated Services, formerly known as Realogy Title Group..
Q2 2022 Key Financial Metrics
R E V E N U E G E N E R A T E D
O P E R A T I N G E B I T D A
F R E E C A S H F L O W
~$2.1B
$202M*
$70M*
N E T D E B T / E B I T D A
Strong Cost
Capital Allocation
3.4x*
Management
Execution
Targeting $70M additional cost savings,
Repurchased $60M of 4.875% senior notes
increasing total cost savings target to
due 2023 and $45M of common stock
north of $140M
* See Tables 5a, 7, 8b and 9 of the Press Release dated July 28, 2022 for definitions and reconciliations of these non-GAAP measures
Q2 2022 Highlights
The Anywhere name not only signifies our deep commitment to building a streamlined "push-button simple" real estate transaction for consumers but also boldly reflects our core purpose and company culture.
Delivered the solid profitability and Free Cash Flow
that the market is increasingly valuing, even in a tougher housing market
Grew owned brokerage agent count by 6% year- over-year, the 8th consecutive quarter of sequential growth
Targeted $70M+ in additional cost savings to balance growth investments against the current housing market backdrop
Continued to invest in our strategic future, simplifying
and reimagining the home buying and selling experience for consumers
Continued to strengthen our balance sheet and execute on our capital allocation priorities
Repurchased $60 million of 4.875% Senior Notes due 2023
Repurchased $45 million of common stock
In July, completed an amendment and extension of our revolving credit facility
Refer to the Anywhere Q2 2022 Press Release for updated financial estimates
READ THE FULL PRESS RELEASE HERE
Certain financial measures used in this Fact Sheet are supplemental measures of Anywhere performance that are not Generally Accepted Accounting Principles ("GAAP") measures. Refer to the reconciliation tables included in press
release dated July 28, 2022, announcing second quarter 2022 financial results for the definitions of these non-GAAP financial measures, a reconciliation of these measures to their most comparable GAAP measures, and our explanation of why we believe these non-GAAP measures are useful to investors. See Forward-Looking Statement in Anywhere earnings release dated July 28, 2022 for factors that may have a material impact on future results.
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Realogy Holdings Corp. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 14:36:07 UTC.
Anywhere Real Estate Inc. is an integrated residential real estate services provider. The Company's businesses include franchise, brokerage, relocation, and title and settlement, as well as minority owned mortgage and title insurance underwriter joint ventures. It operates through three segments: Anywhere Brands, Anywhere Advisors and Anywhere Integrated Services. Anywhere Brands segment franchises a portfolio of franchise brokerage brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA and Sotheby's International Realty. This segment also includes its global relocation services operation and lead generation activities. Anywhere Advisors segment operates a full-service real estate brokerage business in many of the metropolitan areas in the United States. Anywhere Integrated Services segment provides full-service title, escrow and settlement services primarily in support of residential real estate transactions.