Hypoport Se · XETR:HYQ
Hypoport — H1 2013 Earnings Presentation
25 slides from Hypoport's earnings presentation, Aug 5, 2013
Slide 1: Successful adaptation to change
Successful adaptation to change Financial figures as of 30th June 2013 5th August 2013 © 2013 Hypoport AG
Slide 2: Contents
Contents Financial figures H1 2013 1. Market environment 2. Performance of business units 3. Overview of key performance indicators 4. Hypoport’s shares 5. Outlook
Slide 3: Second quarter characterised by short considerable rise of interest rate
Second quarter characterised by short considerable rise of interest rate Interest rate development since 2007 % 6 ECB central rate Garantied rate of insurances DGZF 10-years 5 3 4 Financial figures H1 2013 3 2 1 0 2007 2008 2009 2010 2011 2012 2013
Slide 4: Business units negatively influenced by current crisis
2 of 3 business units are negatively influenced by current crisis Influence of macro-economic environment on Hypoport‘s business models 4 Financial figures H1 2013
Slide 5: Diversified business models encounter differentiated environment
Diversified business models encounter differentiated environment Development of market environment compared to 2012 Private financing Private Insurance 5 Financial figures H1 2013 Simple Bausparen bank products Commercial financing
Slide 6: Contents
Contents Financial figures H1 2013 1. Market environment 2. Performance of business units 3. Overview of key performance indicators 4. Hypoport’s shares 5. Outlook
Slide 7: Three business units – one enterprise: Private Clients
Three business units – one enterprise Business unit Private Clients 7 Financial figures H1 2013
Slide 8: Positive trend in mortgage finance continues
Positive trend in mortgage finance continues Key figures of the business unit Private Clients Transaction volume: loan brokerage (billion €) CAGR CAGR 28% 27% Considerable 27% rise of transaction 4.59 volume “loan brokerage“. 3.86 3.11 2,70 30% Increase of transaction volume 2.19 2,13 “loan brokerag
Slide 9: Private health insurance reduces transaction volume
Private health insurance reduces transaction volume Key figures of the business unit Private Clients Transaction volume: insurance (million €) CAGR CAGR Insurance market has slowed down 30% 34% dramatically, particularly new business of 1.9 general insurance private health insurance. Transaction 3.2
Slide 10: Weak market environment regarding simple financial service products
Weak market environment regarding simple financial service products Key figures of the business unit Private Clients Decline of lead number by 38% to 1.9 million Weak business with simple financial service products (e.g. call money), because providers have less demand for 10 account deposits due to
Slide 11: Leads are generated efficiently and processed by all distribution channels
Leads are generated efficiently and processed by all distribution channels Lead generation and cross-channelling: private clients Online sales Self-explanatory financial products, e. g. current accounts, car insurances Branch-based sales: Number of advisors 858 Franchise Sales 11 715 Financial figur
Slide 12: Weak health insurance business weighs on business unit's results
Weak health insurance business weighs on business unit‘s results Key figures of the business unit Private Clients Revenue CAGR (million €) 17% 28.4 24.2 Ongoing positive trend in mortgage finance. Situation remains difficult for insurance industry since pension products suffer from 12 low interest a
Slide 13: Three business units – one enterprise: Financial Service Providers
Three business units – one enterprise Business unit Financial Service Providers 13 Financial figures H1 2013
Slide 14: Transaction volume exceeds 8 billion € for the first time in Q2
0 1 2 3 4 5 6 7 8 9 Q1 2002 Billion € Q2 2002 Q3 2002 2002 Q4 2002 Q1 2003 Q2 2003 Q3 2003 2003 Q4 2003 Q1 2004 Mortgage loans Q2 2004 2004 Q3 2004 Q4 2004 Q1 2005 Q2 2005 Transaction volume of EUROPACE Q3 2005 2005 Q4 2005 Q1 2006 Q2 2006 Personal loans 2006 Q3 2006 Q4 2006 Q1 2007 Q2 2007 2007 Q3
Slide 15: GENOPACE – Market place for the cooperative banking group
GENOPACE – Market place for the cooperative banking group New high-potential partners on board Number of partners 13 of the top 25 cooperative banks are partners of GENOPACE. 15 GENOPACE exceeded two billion € Financial figures H1 2013 accumulated transaction volume last year. High investments and l
Slide 16: FINMAS – Financial market place for savings banks
FINMAS – Financial market place for savings banks Pleasant growth dynamic leads to an optimistic outlook Number of partners 12 of the top 25 savings banks are partners of FINMAS. Pleasant growth in transaction volume. FINMAS already passed one billion € accumulated transaction volume in the beginnin
Slide 17: Long-term investment pays off
Long-term investment pays off Key figures of the business unit Financial Service Providers Revenue* CAGR 21% (million €) 15.0 12.4 Positive earning development continues. In H1 2012 H1 2013 spite of faltering market environment, transaction volume rose and exceeded eight billion € for the first time
Slide 18: Three business units – one enterprise: Institutional Clients
Three business units – one enterprise Business unit Institutional Clients 18 Financial figures H1 2013
Slide 19: Decent development in less high-volume business
Decent development in less high-volume business Key figures of the business unit Institutional Clients Volume of brokered loans (million €) 419 Business development within normal volatility. Renewals Pipeline well-stocked for the upcoming months. 201 New business 764 422 Enduring low interest level
Slide 20: Contents
Contents Financial figures H1 2013 1. Market environment 2. Performance of business units 3. Overview of key performance indicators 4. Hypoport‘s shares 5. Outlook
Slide 21: Results below expectations
Results below expectations Summary of Hypoport‘s key figures as of 30st June 2013 Revenue* Equity Number of employees (million €) (million €) (ø) +5% +16% 29.8 31.2 +11% 48.7 567 511 41.9 21 Financial figures H1 2013 H1 2012 H1 2013 2012 H1 2013 H1 2012 H1 2013 EBITDA* EBIT* Group profit (million €)
Slide 22: Contents
Contents Financial figures H1 2013 1. Market environment 2. Performance of business units 3. Overview of key performance indicators 4. Hypoport‘s shares 5. Outlook
Slide 23: Trading remains at a low level
Trading remains at a low level Share price in the first half of 2013 and breakdown of shareholders as of 30st June 2013 Number of shares: 6.194.958 Revenia GmbH (Ronald Slabke, CEO) Kretschmar Familienstiftung 36.8% 34.8% Basic data Deutsche Postbank AG ISIN DE 000 549 3365 Symbol HYQ Sparta AG Mark
Slide 24: Contents
Contents Financial figures H1 2013 1. Market environment 2. Performance of business units 3. Overview of key performance indicators 4. Hypoport‘s shares 5. Outlook
Slide 25: Growth and profitability
Growth and profitability Outlook for 2013 We will continue to pursue our strategy of acquiring additional market shares in all business units. At the same time we increasingly use the positions we gained to improve our profitablity. Main focus for the B2B financial market place is an increased penet