Scout24 Se · XETR:G24
Scout24 — Q3 2021 Earnings Presentation
14 slides from Scout24's earnings presentation, Nov 11, 2021
Slide 1: Q3 / 9M 2021 Results Analyst Call
Q3 / 9M 2021 Results Analyst Call, 11 November 2021 Tobias Hartmann (CEO) Dirk Schmelzer (CFO) Q3_9M Results | November 2021
Slide 2: Disclaimer
Disclaimer This document has been issued by Scout24 SE (the The information contained in this presentation is subject to This document is not an offer of securities for sale in the “Company” and, together with its direct and indirect amendment, revision and updating. Certain statements, United State
Slide 3: We are on an attractive growth and value creation path
We are on an attractive growth and Residential Real Estate grows double-digit value creation path > Q3-ARPU +7.4% fuelled by high RLE demand and continued price increases addressing the > Q3 = first period with organic growth from immoverkauf24: +41.0% specifics of the > Dynamic growth of Consumer P
Slide 4: Strong revenue growth with the right product offering for the tight market situation
… delivering strong revenue An insufficient supply of living space meets a surge in growth with the right demand product offering for the Housing shortage is one of the key topics for the formation of the new government tight market situation Goal is to develop a target of 400,000 new apartments per
Slide 5: Our transition towards increased transaction monetisation is working
Our transition towards increased transaction monetisation is working … Breakdown of ImmoScout24 revenue streams (without Austria & FLOWFACT, including IV24 since H2 2020) • IS24 is developing into a 2% 2% 4% comprehensive networked 10% Mandate brokerage (Leads) 9% 14% marketplace. • Realtor Lead Eng
Slide 6: Translating into strong 9M 2021 KPIs
… translating into strong €287.2m €164.7m 59.1% 9M 2021 KPIs +9.4% +4.5% -0.9pp Group revenue Group ordinary Organic Group ordinary (growth driven by 12.8% operating operating EBITDA margin increase in Residential EBITDA (excl. H1 2021 IV24, Real Estate) (57.4% margin) Vermietet.de and Propstack) €7
Slide 7: Revenue (€ million)
Double-digit % revenue growth in the Residential Real Estate segment 62.9% 59.8% 61.6% 9M 2021 Group +9.3% +7.3% revenue: 63.4% 59.5% 61.8% 262.6 286.9 281.7 €287.2m (+9.4%) +12.8% €281.9m (+7.4%)* +10.2% 212.4 207.4 Thereof (reported): 188.2 Residential Real Estate Partners: €148.2m (+14.0%) Consum
Slide 8: Residential Real Estate ARPU increase fuelled by high RLE demand and price increases
Residential Real Estate ARPU increase is fuelled by high RLE demand and continued price increases, while we again managed to win new customers. Q3 2021 Q3 2020 +/- 9M 2021 9M 2020 +/- Residential real estate partners Residential agents and property managers, finance partners 17,721 17,216 +2.9% 17,7
Slide 9: Our cost base reflects the execution of our market network strategy
Our cost base reflects the execution of our market network strategy Higher capitalisation rate (own work capitalised) of 7.4% of Q3 revenues Q3 Q3 9M 9M reflects continued focus on product (€m) +/- 2021 2020 +/- 2021 2020 innovation including investments in Vermietet.de. Revenues 97.5 89.6 +8.8% 287
Slide 10: An accretive earnings development
An accretive earnings development … Q3 Q3 9M 9M (€m) +/- +/- 2021 2020 2021 2020 Ordinary operating EBITDA 54.5 52.2 +4.4% 164.7 157.6 +4.5% Decrease in non-operating effects due to lower share-based Non-operating effects 2.4 8.1 -70.6% 11.3 17.2 -34.0% compensation partly offset by higher M&A costs
Slide 11: Paralleled by our ongoing capital return strategy
… paralleled by our ongoing capital return strategy 31/01/2020: 19/11/2020: 18/12/2020: 16/04/2021: completed completed capital completed €150m SBB €490m SBB reduction €794m public tender & 30/06/2021: 03/11/2021: capital completed capital €200m SBB reduction 107,600,000 107,600,000 105,700,000 redu
Slide 12: Refining our full year 2021 outlook
As we are approaching year end, we are refining our full year 2021 outlook Initial Guidance Refined Guidance 2021E Revenue outlook mid-to-high single-digit % around 9% (% growth) 2021E 58% - 59% 57% - 58% ooEBITDA outlook up to 60% (excluding (including Vermietet.de and Propstack) Vermietet.de and P
Slide 13: Q&A
Q&A 13 Q3_9M Results | November 2021
Slide 14: Next event
Next event: CMD: 2 December 2021 at 2 pm CET Ursula Querette Head of Investor Relations & Treasury Tel +49 89 262 02 4939 | ir@scout24.com 14 Q3_9M Results | November 2021 v