Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q3 2007 Earnings Presentation
16 slides from Moltiply's earnings presentation, Nov 12, 2007
Slide 1: Gruppo MutuiOnline Third Quarter 2007 Results
Gruppo MutuiOnline Third Quarter 2007 Results 12th 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 (15.70% (15.70% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Background •Background in in consulting cons
Slide 3: Business portfolio
Business portfolio Broking Broking BPO BPO DIVISION DIVISION 2006: 2006: Rev. Rev. €12.7m €12.7m EBIT EBIT €5.7m €5.7m 2006: 2006: Rev. Rev. €9.1m €9.1m EBIT EBIT €2.8m €2.8m H1 H1 2007: 2007: Rev. Rev. €9.0m €9.0m EBIT EBIT(a) €5.1m (a) €5.1m H1 H1 2007: 2007: Rev. Rev. €6.7m €6.7m EBIT EBIT(a) €2.
Slide 4: Shareholding structure
Shareholding structure Shareholding structure as of 1st October 2007* Mercato; 25,63% Alma Vent ures SA**; 31,40% Treasury Shares; 1,01% GLG Part ners LP; 2,46% Talaris Capit al Part ner LP; 2,73% Rossini St efano; 4,32% Nest or 2000 Sprl; 11,37% Jupiter Vent ures SA; 5,47% Parvus Asset Ventures; Ca
Slide 5: Q3 highlights
Q3 highlights Revenues EBIT (€m) (€m) 5 Y-o-Y 3.9 4 +91% 10 3 2.0 8.3 2 Y-o-Y +63% 8 1 0 Q3 06 Q3 07 6 5.1 EBIT EBIT margin margin 40% 40% 46% 46% 4 Net Income (€m) 2 3 Y-o-Y 2.1 +72% 0 2 Q3 06 Q3 07 1.2 1 0 Q3 06 Q3 07 NI NI margin margin 24% 24% 25% 25% 5
Slide 6: 9m highlights
9m highlights Revenues EBIT (€m) (€m) 12 11.0 10 Y-o-Y +65% 28 8 6.7 24.0 6 24 Y-o-Y 4 +56% 2 20 0 9m 06 9m 07 (a) 15.4 16 EBIT EBIT margin margin 43% 43% 46% 46% 12 Net Income 8 (€m) 4 8 Y-o-Y +42% 5.7 6 0 4.0 9m 06 9m 07 4 2 0 9m 06 9m 07 NI NI margin margin 26% 26% 24% 24% Note: (a) Excludes one
Slide 7: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) 11.0 Y-o-Y 8 +65% 6.7 6 28 Y-o-Y 8.4 Y-o-Y +102% +56% 24.0 4 4.1 24 2 2.6 2.6 Y-o-Y +5% 20 0 14.0 Y-o-Y 9m 06 9m 07(a) 15.4 +60% 16 Broking Division BPO Division 12 8.8 8 EBIT margin 10.0 Y-o-Y 4 +51% 6.6 9m 9m 2006 2006 2006 2006 9m 9m 2007 2007(a) (a) 0 Br
Slide 8: Broking Division business update
Broking Division business update •Increase •Increase of of mortgage mortgage andand personal personal loan loan applications applications in in Q3 Q3 2007 2007 vs. vs. Q3 Q3 2006 2006 •Continuous •Continuous strengthening strengthening of of the the Group Group inin the the market market for for ret
Slide 9: BPO Division business update
BPO Division business update •Q3 •Q3 2007 2007 performance performance influenced influenced by by business business seasonality seasonality andand additional additional costs costs related related to increase of production capacity for new and existing to increase of production capacity for new and
Slide 10: Mortgage market dynamics
Mortgage market dynamics Residential mortgage flows in first half of the year (€bn) Y-o-Y 31,7 -3.7% 35 30,5 • New Bank of Italy data confirms a residential 30 mortgage market slowdown in H1; trend could 25 continue in H2 since there are no evident signs of 20 real estate market recovery 15 10 5 • I
Slide 11: Dividend policy
Dividend policy •The •The management management believes believes that that the the financial financial resources resources generated generated by by the the operating operating activity activity could allow the Group to adopt a dividend policy - consistent with its could allow the Group to adopt a
Slide 12: Back-ups
Back-ups ese
Slide 13: Quarterly Profit & loss
Quarterly Profit & loss (€000) (€000) Q3 Q3 2007 2007 Q2 Q2 2007 2007 Q1 Q1 2007 2007 Q4 Q4 2006 2006 Q3 Q3 2006 2006 Revenues 8,333 9,343 6,366 6,412 5,108 Other income 154 108 4 151 88 Capitalization of internal costs 41 55 48 46 46 Services costs (2,065) (2,673) (2,283) (1,920) (1,376) Personnel
Slide 14: Business seasonality and revenues dynamics
Business seasonality and revenues dynamics Revenues (€m) 10 9,3 8,3 • Q3 2007 revenues compared to Q2 ones show a 8 decrease due to the seasonality trends of the 6,4 mortgage and consumer credit markets 5,8 6 5,1 4,5 • Compared with monthly average revenues, 4 revenues in July and December are gener
Slide 15: Risk factors
Risk factors The The risk risk factors factors highlighted highlighted in in the the prospectus, prospectus, including: including: •The •The company company facesfaces risks risks relating relating to to possible possible service service interruptions, interruptions, errors errors and and breaches b
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