Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q1 2009 Earnings Presentation
15 slides from Moltiply's earnings presentation, May 8, 2009
Slide 1: Gruppo MutuiOnline First Quarter 2009 Results
Gruppo MutuiOnline First Quarter 2009 Results 8th May 2009
Slide 2: Disclaimer
Disclaimer Certain statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. The user of such information should recognize t
Slide 3: 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 4: Share performance from June 2007 (IPO date) to May 2009
Share performance from 6 June 2007 (IPO date) to 6 May 2009 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 -0,65 giu/07 lug/07 ago/07 ott/07 nov/07 gen
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 17 April 2009* Treasury Shares; 3,33% Free Float; 24,66% Alma Ventures**; 32,50% 360 Capital One; 2,60% Index Venture Growth; 2,89% Stefano Rossini***; 4,32% Capital Research & Nestor 2000****; 11,37% Management; 8,00% Parvus Asset Ventures
Slide 6: Business portfolio
Business portfolio Broking Broking BPO BPO DIVISION DIVISION 2008: 2008: Rev. €27.8m EBIT Rev. €27.8m EBIT €17.1m €17.1m 2008: 2008: Rev. €18.5m EBIT Rev. €18.5m EBIT €4.8m €4.8m Multi-brand Multi-brand Multi-brand Multi-brand Multi-brand Multi-brand Employee Employee broking broking of of broking b
Slide 7: Q1 highlights
Q1 highlights Revenues EBIT (€m) (€m) 6 Y-o-Y 4.8 +20% 4.0 14 3 12 Y-o-Y 11.4 +23% 10 9.2 0 Q1 08 Q1 09 8 EBIT EBIT margin margin 44% 44% 43% 43% 6 Net Income 4 (€m) 2 4 3.2 Y-o-Y +22% 2.6 0 Q1 08 Q1 09 2 0 Q1 08 Q1 09 NI NI margin margin 28% 28% 28% 28% 7
Slide 8: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) Y-o-Y 6 +87% 4.8 4.0 14 4 4.1 Y-o-Y Y-o-Y 2.7 +53% 12 +23% 11.4 2 Y-o-Y 1.3 -48% 10 0.7 9.2 0 Q1 08 Q1 09 8 7.3 Y-o-Y +50% Broking Division BPO Division 4.8 6 4 EBIT margin 4.1 Y-o-Y 4.4 -6% 2 Q1 Q1 2008 2008 2008 2008 Q1 Q1 2009 2009 0 Broking Broking Divis
Slide 9: Outlook for Broking Division
Outlook for Broking Division •As •As aa whole, whole, the the first first quarter quarter confirmed confirmed the the expectations expectations for for an an increase increase of of the the volume volume of of loans brokered by the Broking Division, thanks to a probable loans brokered by the Broking
Slide 10: Outlook for BPO Division
Outlook for BPO Division •As •As previously previously announced, announced, the the BPO BPO Division Division isis affected affected by by a a reduction reduction of of business business activity activity volumes volumes with with existing existing clients, clients, mainly mainly with with respect
Slide 11: Evolution of the Italian Residential Mortgage Market
Evolution of the Italian Residential Mortgage Market Residential mortgage flows Euro billion Y-o-Y -6.9% 70 62,9 62,8 •Assofin - an industry association that 60 58,4 gathers and publishes detailed data 56,2 relative to the main lenders - reported 50 49,2 a mortgage flows contraction of 14.4% for FY2
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 Y-o-Y -15.1% 900 833 845 800 804 815 •According to Land Agency, average prices in 2008 slightly 687 decreased in real terms vs. 2007 700 600 •Management believes the negative trend co
Slide 13: Appendix
INE MutuiOn Appendix
Slide 14: Q1 Profit & Loss
Q1 Profit & Loss (€000) (€000) Q1 Q1 2009 2009 Q4 Q4 2008 2008 Q3 Q3 2008 2008 Q2 Q2 2008 2008 Revenues 11.365 13.781 11.385 11.977 Other income 84 84 55 100 Capitalization of internal costs 76 73 58 63 Services costs (2.995) (3.420) (2.394) (2.655) Personnel costs (3.119) (3.607) (2.760) (3.106) Ot
Slide 15: 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