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Webjet Limited ASX release 1H22 • • Demand snapping back Rapid returns to high booking volumes as borders open Significant positive cash generation Business turning around as global travel markets start to reopen – positive working capital delivering $ 3.5 million / month cash surplus . Cash reserves of $ 446 million offer significant flexibility and runway . WebBeds profitable since July - 1H22 costs down 31 % compared to pre - Covid and on track to be 20 % more cost efficient at scale ; Nov - 21 TTV at 63 % of pre - Covid volumes with many key markets yet to open . • Webjet OTA returned to profitability in October 2021 - Profitable in 1Q22 but 2Q22 impacted by extended lockdowns and border closures ; Trip Ninja investment targeting international market share growth . • Online Republic rebranded as GoSee - one platform for cars and motorhomes content to deliver greater efficiencies , improved customer service and target global growth opportunities . Seeing rapid returns to high booking volumes as markets reopen - 3Q22 trading is currently tracking ahead of 2Q22 . The deferred FY20 interim dividend of $ 0.09 to be paid on 23 December 2021 . 24 November 2021 : Webjet Limited ( Webjet or the Company , ASX : WEB ) today announced financial results for the first half of FY22 . 1H22 saw the Company start to turnaround delivering a cash surplus of $ 3.5 million per month , compared to a $ 5.5 million average monthly cash burn in FY21 . Total Transaction Volume ( TTV ) , Revenue and EBITDA were all up compared to the previous comparable period , reflecting the gradual reopening of global travel markets . Expenses were down materially compared to pre - Covid , reflecting the strategic initiatives underway across the Company to deliver 20 % greater cost efficiencies at scale . WebBeds was profitable for 2Q22 , driven by domestic markets in North America and Europe . Webjet OTA was profitable in 1Q22 however 2Q22 was impacted by extended lockdowns and border closures in Australia and New Zealand . Webjet OTA returned to profitability in October 2021 as domestic and international borders start to reopen . Like Webjet OTA , Online Republic was impacted by State border and trans - Tasman bubble closures . In October 2021 , Online Republic was rebranded as GoSee and now offers all cars and motorhomes content on the one website . The new one brand platform is expected to improve underlying performance , deliver enhanced customer experience and facilitate targeting global growth opportunities . Commenting on the result , Webjet's Managing Director John Guscic said : " 1H22 results largely reflect the turnaround in WebBeds with that business now producing positive cash . Our decision to target new domestic opportunities while international markets were closed and expand WebBeds ' presence in the large North American B2B market has returned that business to profitability . Webjet OTA's brand strength propelled an increase in Australian domestic leisure market share which started to recover in 1Q22 and delivered a profitable quarter . The momentum reversed in June as a result of lockdowns and border closures , however has since improved and again returned to profit in October as the national Covid response road map improves consumer confidence around travel opportunities . As international markets start to reopen , our recent acquisition of Trip Ninja is designed to further improve Webjet Limited Page 1 of 6