Leading Dual-Brand Franchisor With Many Competitive Advantages

First and Only National Mortgage Brokerage Franchise in U.S.

Among the Fastest-Growing Franchises1 and a Top New Franchise Brand2

#1

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people

Nobody in the World Sells More Real Estate than RE/MAX3

RE/MAX Agents Outsell Other Agents 2 to 1 at Large Brokerages4

Unmatched Global Footprint5

Highest Level of Unaided Brand Awareness Among Competitors in Survey of U.S. and Canadian Home Buyers and Sellers6

1 Source: Entrepreneur Magazine based on the net number of franchise units added worldwide between July 2020 to July 2021 as reflected in a its review of unit lists and Franchise Disclosure Documents of 1,116 participating franchises across all industries
2 Source: Entrepreneur Magazine based on its analysis of data, including costs, fees, size, growth and brand and financial strength, from franchise disclosure and related documents dated August 2019 to July 2020 of 262 participating franchise systems that began franchising in the last 5 years (in 2016 or later)
3 As measured by residential transaction sides
4 Source: Transaction sides per agent calculated by RE/MAX based on 2022 RealTrends 500 data, citing 2021 transaction sides for the 1,733 largest participating U.S. brokerages. RE/MAX average: 16.5. Competitors: 7.6
5 RE/MAX has a presence in more than 110 countries and territories
6 According to MMR Strategy Group study of unaided awareness

We are one of the world’s leading franchisors in the real estate industry. We franchise real estate brokerages globally under the RE/MAX® brand and mortgage brokerages in the U.S. under the Motto® Mortgage brand. We also sell ancillary products and services, primarily technology, to our franchise networks and, in certain instances, we sell those offerings outside our franchise networks.

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Financial Results

Revenue

2021

$329.7

2020

$266.0

2019

$282.3

($ in millions)

Net Income (Loss)1

2021

$(24.6)

2020

$20.5

2019

$47.3

($ in millions)

Adjusted EBITDA1,2

2021

$119.7

2020

$92.6

2019

$103.5

($ in millions)

1 Excludes Adjustments attributable to the non-controlling interest.
2 We define Adjusted EBITDA as EBITDA (consolidated net income (loss) before depreciation and amortization, interest expense, interest income and the provision for income taxes, each of which is presented in our audited financial statements included elsewhere in this Annual Report on Form 10-K), adjusted for the impact of the following items that are either non-cash or that we do not consider representative of our ongoing operating performance: gain or loss on sale or disposition of assets, settlement and impairment charges, equity-based compensation expense, acquisition-related expense, gains or losses from changes in the tax receivable agreement liability, expense or income related to changes in the fair value measurement of contingent consideration and other non-recurring items. Please see pages 46-47 of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 23, 2022, for a reconciliation with the most directly comparable GAAP measure.

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Operating Statistics as of December 31, 2021

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8,964

Offices

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141,998

Agents

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IN 118

Countries & territories

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100%

Franchised

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Operating Statistics as of and for the year ended December 31, 2021, as applicable

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187

Offices

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~$3.5B

In loan volume

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~13,000

Homeowner dreams realized

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100%

Franchised

Financial Strength, Flexibility and Performance

Primarily Recurring Revenue Streams, High Margins and Strong Free Cash Flow

Attractive Financial Characteristics

  • RE/MAX and Motto Mortgage brands are 100% franchised
  • Primarily recurring revenue streams1
  • Strong cash flow generation
  • High margins
  • Low fixed cost structure
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1Recurring revenue comprises Continuing franchise fees and Annual dues

Quarterly Dividend

*Additional special cash dividend of $1.50 per share in 2015 not shown

RE/MAX Holdings has paid a quarterly dividend since going public in 2013.

VIEW ALL DIVIDEND HISTORY