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HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2021 Strong performance , with continued momentum and trading ahead of Board expectations atg London , United Kingdom , 26 May 2021 - Auction Technology Group plc ( " ATG " , " the Company " , " the Group " ) ( LON : ATG ) , operator of the world's leading marketplaces for curated online auctions , reports strong financial results for the six months ended 31 March 2021 . Following its successful IPO , ATG has continued to lead the evolution of the auction industry from offline to online . With strong brands , a compelling proposition for both auctioneers and bidders and multiple levers for growth , the Group is well positioned to benefit from the significant opportunities ahead . First Half 2021 Highlights Financial results : Adjusted¹ Aggregate revenue Aggregate Adjusted EBITDA¹ , 2 83 Aggregate Adjusted EBITDA margin % 1,2 & 3 Free cash flow¹ Net cash / ( debt ) ¹ Financial Highlights : AUCTION TECHNOLOGY GROUP PLC 1 & 2 ● AUCTION TECHNOLOGY GROUP Reported Revenue Operating loss Loss before tax Cash generated by / ( used in ) operations Operational Highlights : H1 2021 £ m 34.5 17.0 49 % 14.5 6.1 34.5 ( 12.0 ) ( 22.6 ) 8.7 H1 2020 £ m 23.3 6.6 28 % 0.1 ( 199.7 ) 6.5 ( 6.4 ) ( 12.3 ) ( 2.0 ) Aggregate revenue of £ 34.5m , a 48 % increase year - on - year with growth in all six of the Group's marketplaces Var 48 % 158 % + 21pp 14,400 % 103 % 431 % ( 88 % ) ( 84 % ) 535 % Aggregate Adjusted EBITDA of £ 17.0m , a margin of 49 % Loss before tax of £ 22.6m after charges for exceptional items and share based compensation , primarily related to the IPO , and intangible asset amortisation High cash generation , with £ 14.5m of free cash flow in the period and net cash of £ 6.1m Successful IPO , demonstrating confidence in the scale of the ATG opportunity Total Hammer Value¹ ( " THV " ) up 31 % year - on - year , with the attraction of new volume and verticals¹ to auctions further expanding options for growth 1. Refer to the Glossary and reconciliation of Alternative Performance Measures . 2. Aggregate measures have been used as the acquisitions of Turner Topco Limited ( " Standalone ATG " ) and Proxibid Inc ( " Proxibid group " ) on 13 February 2020 have affected the comparability of the Group's half - year results of operations for 2021. The measures are presented for the Group to provide comparisons of the Group's results between HY20 and HY21 as if the acquisitions of Standalone ATG and Proxibid group had occurred on 1 October 2019 . 3. Adjusted EBITDA represents profit / ( loss ) before taxation , finance costs ( including non - operating gains and losses in respect of financial instruments ) , depreciation and amortisation , share - based compensation and exceptional items . The Group considers this non - GAAP measure to be an important supplemental measure of the Group's financial performance . 1