HeadHunter Group PLC (NASDAQ:HHR) Q2 2020 Earnings Conference Call - Final Transcript

Aug 27, 2020 • 09:00 am ET


HeadHunter Group PLC (NASDAQ:HHR) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Second Quarter 2020 Financial Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] And I must also advise you, the conference is being recorded.

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

Roman Safiyulin

Hello, everyone, and welcome to HeadHunter Group's second quarter 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 second quarter 2020 results was issued earlier today and a 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 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 these 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 31, 2019 and our final prospectus in connection with our public offering that was filed with the U.S. Securities and Exchange Commission on June 16, 2020.

During this call, we will be referring to some non-IFRS financial measures. These non-IFRS financial measures are not prepared in accordance with IFRS. A reconciliation for 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 the quick opening remarks. Please go ahead.

Mikhail Zhukov

Thank you, Roman. Good afternoon, everyone. We welcome -- welcome to today's call. First of all, I would like to express my deepest gratitude to everyone with whom we went through this challenging period shoulder to shoulder; to our customers for support and dedication, they have demonstrated an incredible accountability to continue their recruitment on our platform; to the HeadHunter team for their dedication and professionalism, maintaining uninterrupted operation as the highest industry standards; to our new shareholders for faith in the bright future of our Company, despite such a turbulent environment.

We believe that our performance in the second quarter demonstrates the resilience of our business model and flexibility in managing operations in the face of challenging business environments. We have seen more rapid and confident recovery than originally expected, especially in the most damaged SMA segment, which is our largest and most promising market. Our KPIs have shown a strong recovery in Q2, and recently we have reached the all-time high number of CVs and job postings on our platform.

We acknowledge that there is still uncertainty ahead, but current developments give us hope for continued recruitment activity