HeadHunter Group PLC (HHR) Q4 2020 Earnings Call Transcript

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HeadHunter Group PLC (NASDAQ:HHR)
Q4 2020 Earnings Call
Mar 18, 2021, 9:00 a.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by, and welcome to today’s Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions] I must advise you that this conference is being recorded today on the 18th of March. 2021.

I would now like to hand the conference over to your first speaker today, Roman Safiyulin. Please go ahead, sir.

Roman Safiyulin — Head of Investor Relations

Thank you. Hello, everyone, and welcome to HeadHunter Group fourth quarter and full year 2020 earnings call. On the call today, we have Mikhail Zhukov, our Chief Executive Officer; Grigorii Moiseev, our Chief Financial Officer; and Dmitry Sergienkov, our Chief Strategy Officer. A press release containing our fourth quarter and full year 2020 results was issued earlier today and the copy may be obtained through our website at investor.hh.ru.

Now, I will briefly walk you through the safe harbor statements. Today’s discussion will contain forward-looking statements. Actual results may differ materially from the results predicted or implied by such statements, and the forward-looking statements made today speak only to our expectations as of today.

We undertake no obligation to publicly update or revise these statements. For a discussion of some of the risk factors that could cause actual results to differ, please see the risk factor section in our annual report on Form 20-F for the year ended December 31st, 2019 and our final prospectus in connection with our public offering that was filed with the U.S. Securities and Exchange Commission on June 16th, 2020.

During this call, we will be referring to some non-IFRS financial measures. This non-IFRS financial measures are not prepared in accordance with IFRS. A reconciliation of the non-IFRS financial measures to the most directly comparable IFRS measures is provided in the earnings release we issued today and the slide presentation, each of which is available on our website at investor.hh.ru.

Now I’ll turn the call over to Mikhail to make a quick opening remark. Please go ahead.

Mikhail Zhukov — Chief Executive Officer

Thank you, Roman, and good afternoon, everyone. Last year, HeadHunter celebrated it’s 20th anniversary. And without a doubt, there hasn’t been a year like that before. COVID-19 pandemic has changed everybody’s life, adversely impacting some businesses and opening up new opportunities to the others.

Our business emerged from this backdrop even stronger than they have ever been. The powerful network effect of our platform, reinforced by timely marketing and monetization steps during recovery, allowed us to further consolidate the market and significantly improve key operating metrics. In February 2021, the number of CVs on the platform reached 50 million milestone, and vacancy seat holding on a record level of above 800,000 job postings. Despite those challenges, we have not only defended our leading market position, but also accelerated our development in certain key strategic areas, with acquisition of strong regional job platforms Zarplata.ru, and introduction of new consumption patterns into our product suite.

Now we see life is slowly getting back to normal, which gives businesses more confidence and visibility. The competition for labor is intensifying in Russia, forcing employers to leverage the most effective channels of recruitment. All these factors, alongside accelerated digitalization, makes us to believe that 2021 will be a really exciting year for HeadHunter.

Now, I’ll turn it to Dmitry to walk you through the key highlights of the fourth quarter and the full year. Thank you.

Dmitry Sergienkov — Chief Strategy Officer

Thank you, Mikhail. Good afternoon, everyone, and thank you for joining us on this call. I will do…