Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q3 2008 Earnings Presentation
16 slides from Moltiply's earnings presentation, Nov 10, 2008
Slide 1: Gruppo MutuiOnline Third Quarter 2008 Results
Gruppo MutuiOnline Third Quarter 2008 Results 10th November 2007
Slide 2: Presenters today
Presenters today •Group •Group Chairman Chairman and and Head Head of of Broking Broking Division Division •Founder •Founder and and key key shareholder shareholder (16.19% (16.19% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Background •Background in in consulting cons
Slide 3: Share performance 6 June 2007 (IPO date) - 7 November 2008
Share performance 6 June 2007 (IPO date) - 7 November 2008 1.000 6,5 900 6,0 800 5,5 MOL performance vs. ALL STAR index 700 5,0 0,10 0,05 600 4,5 0,00 -0,05 -0,10 500 4,0 -0,15 -0,20 -0,25 400 3,5 -0,30 -0,35 -0,40 300 3,0 -0,45 -0,50 -0,55 200 2,5 -0,60 06/06 18/07 30/08 11/10 22/11 11/01 22/02 09/
Slide 4: Current shareholding structure
Current shareholding structure Shareholding structure as of 4th November 2008* Free Float ; 25,90% Alma Vent ures SA**; 32,37% Shares owned by the Group; 2,23% Jupiter Ventures SA***; 5,47% St efano Rossini; 4,32% Capit al Research & Management Company; 8,00% Nestor 2000 Sprl***; 11,37% Parvus Asset
Slide 5: Business portfolio
Business portfolio Broking Broking BPO BPO DIVISION DIVISION 2007: 2007: Rev. €22.7m EBIT Rev. €22.7m (a) €13.4m EBIT(a) €13.4m 2007: 2007: Rev. Rev. €15.0m €15.0m EBIT (a) €4.1m EBIT(a) €4.1m H1 H1 2008: 2008: Rev. Rev. €11.4m €11.4m EBIT EBIT €6.8m €6.8m H1 H1 2008: 2008: Rev. Rev. €9.7m €9.7m EBI
Slide 6: Q3 highlights
Q3 highlights Revenues EBIT (€m) (€m) 8 Y-o-Y 5.8 6 +50% 15 3.9 4 Y-o-Y 11.4 +37% 2 0 10 Q3 07 Q3 08 8.3 EBIT EBIT margin margin 46% 46% 51% 51% 5 Net Income (€m) 5 Y-o-Y 3.7 4 +75% 0 3 Q3 07 Q3 08 2.1 2 1 0 Q3 07 Q3 08 NI NI margin margin 25% 25% 33% 33% 6
Slide 7: 9m highlights
9m highlights Revenues EBIT (€m) (€m) 18 15.6 Y-o-Y 15 +42% 36 12 11.0 32.6 9 32 Y-o-Y 6 +35% 28 3 24.0 0 24 9m 07 (a) 9m 08 20 EBIT EBIT margin margin 46% 46% 48% 48% 16 12 Net Income (€m) 8 12 4 10.0 Y-o-Y +75% 0 8 5.7 9m 07 9m 08 4 0 9m 07 9m 08 NI NI margin margin 24% 24% 31% 31% Note: (a) Exclu
Slide 8: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) 20 Y-o-Y 15.6 16 +42% 36 12 11.0 Y-o-Y 32.6 Y-o-Y +35% 11.5 +38% 32 8 8.4 4 Y-o-Y 28 2.6 4.1 +54% 24.0 0 24 18.6 Y-o-Y 9m 07(a) 9m 08 +33% 20 Broking Division BPO Division 16 14.0 12 EBIT margin 8 14.0 Y-o-Y +39% 4 10.0 (a) (a) 9m 9m 2007 2007(a) 2007 2007(a
Slide 9: Broking Division business update
Broking Division business update •In •In Q3 Q3 2008, 2008, total total amount amount of of mortgages mortgages brokered brokered and and number number of of mortgage mortgage applications applications received received increased significantly compared to Q3 2007. Such growth is mainly linked increas
Slide 10: BPO Division business update
BPO Division business update •As •As regards regards mortgage mortgage outsourcing, outsourcing, volumesvolumes for for commercial commercial and and processing processing activities activities kept kept growing in Q3 2008 compared to Q3 2007, as did the inflow growing in Q3 2008 compared to Q3 2007
Slide 11: Evolution of the Italian residential mortgage market
Evolution of the Italian residential mortgage market Residential mortgage flows Euro billion 35 Y-o-Y -5.4% 30,9 30 29,3 • New Bank of Italy data confirms a residential mortgage market contraction in H1 of -5,4%. 25 20 • Assofin (an industry association that gathers and publishes 15 detailed data re
Slide 12: Evolution of the Italian real estate market
Evolution of the Italian real estate market Number of residential real-estate transactions Thousands of transactions 500 Y-o-Y -14.0% 400 • Italian Land Agency data shows a contraction in H1 2008 of -14% in terms of number of 300 residential real estate transactions. 200 413 • Average residential re
Slide 13: Back-ups
Back-ups arr
Slide 14: Quarterly Profit & loss
Quarterly Profit & loss (€000) (€000) Q3 Q3 2008 2008 Q2 Q2 2008 2008 Q1 Q1 2008 2008 Q4 Q4 2007 2007 Q3 Q3 2007 2007 Revenues 11.385 11.977 9.202 13.633 8.333 Other income 55 100 90 179 154 Capitalization of internal costs 58 63 54 55 41 Services costs (2.394) (2.655) (2.226) (3.183) (2.065) Person
Slide 15: 2009 Financial calendar
2009 Financial calendar Event Event Date Date •Board •Board of of Directors Directors meeting meeting for for the the approval approval of of Q4 Q4 2008 2008 results results •12 •12 Feb Feb 2009 2009 •Board •Board of of Directors Directors meeting meeting for for the the approval approval of of fina
Slide 16: Declaration of the manager responsible for preparing the Company's financial reports
Declaration of the manager responsible for preparing the Company’s financial reports Declaration Pursuant to Art. 154/bis, Paragraph 2 – Part IV, Title III, Chapter II, Section V-bis, of Italian Legislative Decree No. 58 of 24 February 1998: “Consolidation Act on Financial Brokerage Pursuant to Arti