Slide 1: Half-Year Results 2021
GA WORLD HALF-YEAR RESULTS 2021 26™4 AUGUST 2021
Slide 2: ASMALLWORLD is the world's leading travel & lifestyle community
Ez © ASMALLWORLD ASMALLWORLD is the world’s leading TRAVEL & LIFESTYLE COMMUNITY, focusing on experiences: the modern-day definition of luxury. Centred around the ASMALLWORLD social network, we operate a digital travel & lifestyle ecosystem which inspires our members to TRAVEL BETTER, EXPERIENCE MOR
Slide 3: ASMALLWORLD Travel & Lifestyle Ecosystem
ASMALLWORLD TRAVEL & LIFESTYLE ECOSYSTEM Centred around the ASMALLWORLD social network, our group offers a wealth of travel & lifestyle services Launched in CMeticn —— Online hotel booking engine Va Dinars focused on luxury hotels Full-service travel agency for curated travel arrangements © ASMALLWO
Slide 4: Agenda
AGENDA * OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 5: Financial Highlights H1 2021
FINANCIAL HIGHLIGHTS H1 2021 Record half-year results despite ongoing negative impact from global pandemic * SALES GROWTH OF 62% to CHF 9.5M vs. CHF 5.9M in H1 2020, despite ongoing market challenges from COVID-19 restrictions and uncertainty ° EBITDA INCREASED BY 232% to CHF 1.3M, from CHF 0.4M * N
Slide 6: Operational Highlights H1 2021
OPERATIONAL HIGHLIGHTS H1 2021 We continued to drive sales with products in demand while we maintained our focus on costs * Ongoing uncertainty from COVID1-9 RESTRICTIONS continued to limit the demand for our social networking and travel services * Continued to focus on improving our COST POSITION;
Slide 7: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE * SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 8: Subscriptions Business Performance
SUBSCRIPTIONS BUSINESS PERFORMANCE Strong revenue growth driven by ASW Prestige membership sales; profitability increased significantly * ASW PRESTIGE MEMBERSHIPS main contributor to strong segment growth; In CHF 2021H1 | 2020H1 | CHANGE ongoing high demand for Business and First Class flights REVEN
Slide 9: ASMALLWORLD Prestige Membership Sales Strong
ASMALLWORLD PRESTIGE MEMBERSHIP SALES STRONG ASW Prestige Memberships contributed significantly during H1 due to ongoing interest in Business and First Class travel PRESTIGE MEMBERSHIP SALE 10% more for 10% less a ey 10% more miles ) PRESTIGE MEMBERSHIP * ASMALLWORLD membership * 250,000 miles from
Slide 10: ASMALLWORLD Signups Still Below Pre-COVID
ASMALLWORLD SIGNUPS STILL BELOW PRE-COVID COVID-19 restrictions and fewer in-person events continue to limit new member signups for ASMALLWORLD NUMBER OF ASMALLWORLD EVENTS 124 692 558 N24 316 208 2019 2020 2021E IM in-person events |) Online events Social distancing and travel restrictions resultin
Slide 11: ASW Online Functionality Further Expanded
ASW ONLINE FUNCTIONALITY FURTHER EXPANDED A long-awaited ‘Member Posts’ feature is finally live giving users new ways to engage with ASMALLWORLD * We continued to INVEST IN OUR ONLINE PRODUCT NEW FEATURE * Introduction of 'MEMBER POSTS’ in June ¢ Feature allows users to upload and SHARE PHOTOS with
Slide 12: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 13: Services Business Performance
SERVICES BUSINESS PERFORMANCE Travel services from Frist Class & More in high demand and ASMALLWORLD Collection starts to contribute slowly ° FIRST CLASS & MORE service revenue up In CHF 2021 HI 2020 H1 CHANGE due to sales of Business and First Class flight packages and upgrade options REVENUE 3.7M
Slide 14: Hotel Inventory Significantly Expanded
HOTEL INVENTORY SIGNIFICANTLY EXPANDED ASMALLWORLD ° The ASMALLWORLD Collection now features over 1’200 hotels, providing a substantial list of high-class hotels NUMBER OF HOTELS BY REGION EUROPE & NORTH AFRICA NORTH AMERICA 97 236 ASIA 94 184 23 75 MIDDLE EAST 28 68 CARIBBEAN 43 65 INDIAN OCEAN 22
Slide 15: Three New Partnerships Started in H1
THREE NEW PARTNERSHIPS STARTED IN H1 We have added 3 new partners in H1, expanding our access to great hotels HOTEL PARTNERSHIPS * Three NEW PARTNERSHIPS entered for the ES pre ne rerrrernng ASMALLWORLD Collection 5 VIRTUOSO. Avarriott * Marriot (January) SPECIALISTS IN THE ART OF TRAVEL * Shangri-L
Slide 16: Loyalty Points Introduced as New Benefit
LOYALTY POINTS INTRODUCED AS NEW BENEFIT In March we introduced our latest booking perk: customers can now earn loyalty points with their favourite programs THE DIRGNMONER * Since March, customers can now EARN BRIDGE, AUTOGRAPH LOYALTY POINTS when booking the couecTion ASMALLWORLD Preferred rate Lon
Slide 17: Collection Booking Volume Up Significantly
COLLECTION BOOKING VOLUME UP SIGNIFICANTLY The ASMALLWORLD Collection is staring to contribute to our Service revenue BOOKING VOLUME * The ASMALLWORLD Collection revenue in H1 is 5.6 TIMES THE VOLUME of H2 2020 Booking volume indexed * Bookings are starting to become MORE STEADY... * ...but are stil
Slide 18: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 19: Income Statement 2021 HY1
INCOME STATEMENT 2021 HY1 Significant increase in sales and reduction in fixed cost resulted in strong EBITDA result for the period In CHF ‘000 NET SALES, OTHER OPERATING INCOME DIRECT EXPENSES PERSONNEL EXPENSES R&D EXPENSES OTHER OPERATING EXPENSES. EBITDA EBITDA MARGIN DEPRECIATION MORTIZATION OP
Slide 20: Balance Sheet 2021 HY1 — Part 1
Ez BALANCE SHEET 2021 HY1 — PART 1 Balance sheet increased due to an increase in cash In CHF “000 * CASH POSITION increased by CHF 2.4M CASH 5'345.0 2'918.6 but includes positive short-term effect of CHF 1.2M due to high amount of outstanding payables (see next page) RECEIVABLES FROM SERVICES 503.8
Slide 21: Balance Sheet 2021 HY1 — Part 2
BALANCE SHEET 2021 HY1 — PART 2 Liabilities increased due to higher temporary payables; provisions for FCAM reduced by CHF 2.0M * PAYABLES FROM GOODS AND SERVICES temporarily increased by 1.1M due to SHORT-TERM FINANCIAL LIABILITIES 0.0 outstanding invoices for Miles & More air PAYABLES FROM GOODS A
Slide 22: Cash Flow Statement 2021 HY1 — Part 1
CASH FLOW STATEMENT 2021 HY1 — PART 1 Operating cash flow increased significantly compared to H1 2020; investing activities lower due to smaller earnout payment In CHF ‘000 2021 HY1 2020 HY1 742.4 328.7 * OPERATING CASH FLOW improved to CHF mA 7.3 4.1M, vs. 1.4M in previous year, however oes) Bao te
Slide 23: Cash Flow Statement 2021 HY1 — Part 2
CASH FLOW STATEMENT 2021 HY1 — PART 2 Financing activities reduced and overall positive change in net cash of CHF 2.4M In CHF ‘000 2021 HY1 | 2020HY1 REPAYMENT OF LONG-TERM ISSUANCE OF LONG-TERM 700.0 15417 * CASH FLOW FROM FINANCING ACTIVITY FINANCIAL LIABILITIES. . . . . . . increased due to finan
Slide 24: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 25: Outlook for H2
OUTLOOK FOR H2 We will continue to focus on popular products and continue to invest in the long-term potential of our businesses An immediate recovery from COVID-19 has become more elusive and we anticipate a more GRADUAL IMPROVEMENT OF THE MARKET ENVIRONMENT over the next 2 years * As a result we w
Slide 26: Guidance for Full-Year Raised
GUIDANCE FOR FULL-YEAR RAISED Based on the strong H1 results we are raising our full year guidance for revenues and EBITDA REVENUES MEMBERS EBITDA | 2.0-2.3M 1.45M 1.49M -2.3M 2018 2019 2020 2021E 2018 2019 2020 2021E 2018 2019 2020 2021E @ ASMALLWoRLD
Slide 27: ASMALLWORLD AG
ASMALLWORLD AG Lowenstrasse 40 8001 Zurich, Switzerland info@asmallworldag.com www.asmallworldag.com | www.asw.com