trivago N.V. · NASDAQ:TRVG
trivago — Q2 2022 Earnings Presentation
19 slides from trivago's earnings presentation, Aug 9, 2022
Slide 1: Investor Presentation Q2 2022
Investor Presentation Q2 2022 9 August 2022
Slide 2: Disclaimer
Disclaimer All of the information herein has been prepared by trivago N.V. the “Company” solely for use in this 2020, resuming only at reduced levels in 2021, which may continue to have a negative impact on the presentation. The information contained in this presentation has not been independently v
Slide 3: Q2 2022 – Financial Update
Q2 2022 – Financial Update 2021 2022 YoY Total Revenue (€mm) ROAS1 (%) Adj. EBITDA2 (€mm) Net Loss (€mm) 51.4 (3.3) (10.0) 30.3 173% 4.3 246.4 (59.8) 166% (0.5) (70.5) Q2 H1 Q2 H1 156% 144.8 133.7 95.5 145% % of Total Revenue % of Total Revenue (3.5)% Q2 H1 Q2 H1 20.9% 20.9% (7.5)% 4.5% (28.6)% 52%
Slide 4: Global
Global 2021 2022 YoY ROAS1 (%) Referral Revenue (€mm) 239.9 166% 173% 145% 156% 141.4 129.6 93.4 Q2 H1 Q2 H1 21 ppts 17 ppts 51% 85% Qualified Referrals (mm) RPQR2 (€) 153.2 115.8 1.67 1.57 84.6 1.27 73.4 1.12 Q2 H1 Q2 H1 15% 32% 31% 40% (1) ROAS: Return on Advertising Spend; (2) RPQR: Revenue per Q
Slide 5: Americas
Americas 2021 2022 YoY ROAS1 (%) Referral Revenue (€mm) 174% 99.4 167% 145% 132% 55.7 55.9 37.6 Q2 H1 Q2 H1 35 ppts 29 ppts 48% 78% Qualified Referrals (mm) RPQR2 (€) 2.51 2.18 1.85 1.49 45.5 37.4 20.3 22.2 Q2 H1 Q2 H1 9% 22% 36% 46% (1) ROAS: Return on Advertising Spend; (2) RPQR: Revenue per Quali
Slide 6: Developed Europe
Developed Europe 2021 2022 YoY ROAS1 (%) Referral Revenue (€mm) 110.3 157% 154% 164% 147% 66.8 53.3 43.7 Q2 H1 Q2 H1 10 ppts 10 ppts 53% 107% Qualified Referrals (mm) RPQR2 (€) 67.6 1.71 1.63 1.34 1.25 39.0 42.7 32.6 Q2 H1 Q2 H1 20% 58% 28% 30% (1) ROAS: Return on Advertising Spend; (2) RPQR: Revenu
Slide 7: Rest of World
Rest of World 2021 2022 YoY ROAS1 (%) Referral Revenue (€mm) 202% 204% 207% 194% 30.2 19.0 20.5 12.1 Q2 H1 Q2 H1 8 ppts 3 ppts 57% 47% Qualified Referrals (mm) RPQR2 (€) 35.7 40.1 0.81 0.75 20.5 23.4 0.59 0.57 Q2 H1 Q2 H1 14% 12% 37% 32% (1) ROAS: Return on Advertising Spend; (2) RPQR: Revenue per Q
Slide 8: Advertiser Mix
Advertiser Mix Advertiser revenue share as % of Referral Revenue All others 18% 19% 27% Booking Holdings Expedia Group 52% 60% 54% 29% 19% 22% Q2 2020 Q2 2021 Q2 2022 Source: Internal data 8
Slide 9: Appendix
Appendix 9
Slide 10: Consolidated Financials YTD FY 2022, trivago N.V.
Consolidated Financials YTD FY 2022, trivago N.V. in € thousands YTD 2022 YTD 2021 Δ€ Δ% Referral Revenue 239,884 129,615 110,269 85.1% Other revenue 6,529 4,085 2,444 59.8% Total revenue 246,413 133,700 112,713 84.3% Cost of revenue 5,963 5,547 416 7.5% % of Total revenue 2.4% 4.1% Selling and mark
Slide 11: Consolidated Financial Information YTD FY 2022, trivago N.V.
Consolidated Financial Information YTD FY 2022, trivago N.V. in € thousands YTD 2022 YTD 2021 Δ€ Δ% Comments 2022 vs 2021 Referral Revenue 239,884 129,615 110,269 85.1% 1 Other revenue 6,529 4,085 2,444 59.8% 2 Total revenue 246,413 133,700 112,713 84.3% 1. Referral revenue increased by 77.8%, 106.9
Slide 12: Recon of non-GAAP Financial Measures YTD FY 2022, trivago N.V.
Recon of non-GAAP Financial Measures YTD FY 2022, trivago N.V. in € thousands YTD 2022 YTD 2021 Δ€ Δ% Comments 2022 vs 2021 Net loss (70,502) (10,029) (60,473) n.m. Income/(loss) from equity method investment (54) - (54) 100.0% Income/(loss) before equity method investment (70,448) (10,029) (60,419)
Slide 13: Consolidated Financials Q2 FY 2022, trivago N.V.
Consolidated Financials Q2 FY 2022, trivago N.V. in € thousands Q2 2022 Q2 2021 Δ€ Δ% Referral Revenue 141,438 93,448 47,990 51.4% Other revenue 3,337 2,026 1,311 64.7% Total revenue 144,775 95,474 49,301 51.6% Cost of revenue 2,984 2,961 23 0.8% % of Total revenue 2.1% 3.1% Selling and marketing 92
Slide 14: Consolidated Financial Information Q2 FY 2022, trivago N.V.
Consolidated Financial Information Q2 FY 2022, trivago N.V. in € thousands Q2 2022 Q2 2021 Δ€ Δ% Comments 2022 vs 2021 Referral Revenue 141,438 93,448 47,990 51.4% 1 Other revenue 3,337 2,026 1,311 64.7% 2 Total revenue 144,775 95,474 49,301 51.6% 1. Referral revenue increased by 48.1%, 52.9% and 57
Slide 15: Recon of non-GAAP Financial Measures Q2 FY 2022, trivago N.V.
Recon of non-GAAP Financial Measures Q2 FY 2022, trivago N.V. in € thousands Q2 2022 Q2 2021 Δ€ Δ% Net loss (59,806) (3,289) (56,517) n.m. Loss from equity method investment (54) - (54) 0.0% Loss before equity method investment (59,752) (3,289) (56,463) n.m. Expense/(benefit) for income taxes 212 6
Slide 16: Consolidated Statement of Cash Flows YTD FY 2022, trivago N.V.
Consolidated Statement of Cash Flows YTD FY 2022, trivago N.V. in € thousands YTD 2022 YTD 2021 Comments 2022 vs 2021 Net loss (70,502) (10,029) 1 Adjustments to reconcile net loss to net cash provided by/(used in): Depreciation 3,319 4,408 1. Net loss of €70.5 million adjusted by non-cash items e.g
Slide 17: Consolidated Statement of Cash Flows Q2 FY 2022, trivago N.V.
Consolidated Statement of Cash Flows Q2 FY 2022, trivago N.V. in € thousands Q2 2022 Q2 2021 Comments 2022 vs 2021 Net loss (59,806) (3,289) 1 Adjustments to reconcile net loss to net cash provided by/(used in): Depreciation 1,616 2,168 1. Net loss of €59.8 million adjusted by non-cash items e.g., A
Slide 18: Consolidated Balance Sheet Q2 FY 2022, trivago N.V.
Consolidated Balance Sheet Q2 FY 2022, trivago N.V. in € thousands As of As of Comments 2022 vs 2021 Jun 30, 2022 Dec 31, 2021 Cash and cash equivalents 204,535 256,378 1 Restricted cash 342 - 1. Cash and cash equivalents decreased by €51.8 million, Accounts receivable, less allowance 47,651 23,707
Slide 19: trivago
©) trivago