Slide 1: Hypoport SE Results for H1 2025
Hypoport SE Results for H1 2025
Slide 2: Profitable growth in disparate markets
Profitable growth in disparate markets Results for H1 2025 (€ million, yoy*) (€ million) Group Real Estate & Financing Insurance Mortgage Platforms Platforms Platforms Revenue 305 +13% 235 +16% 39 +6% 31 -4% Gross profit 130 +14% 81 +19% 33 +9% 16 +3% EBITDA 34 +30% 30 +37% 4.8 -11% 2.9 -16% EBIT 16
Slide 3: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 4: Real Estate & Mortgage Platforms
Real Estate & Mortgage Platforms Business model & results Marketing Real Estate & Financing Finance (sales) Mortgage Platforms Platforms Finance (platform) Insurance Platforms Valuation Hypoport SE, results H1/25 4
Slide 5: Home ownership is increasingly becoming the only option
Home ownership is increasingly becoming the only option Key reasons for home ownership and the macro-level drivers Housebuilding remains a heavily regulated sector Desire for home ownership remains high n Li Transfer taxes on residential property have tio f Planning a family continues to e la been s
Slide 6: Excessive regulation in the rental market drives home ownership
Excessive regulation in the rental market drives home ownership Macroeconomic factors affecting mortgage finance 6 140 Interest (ten-year fixed rate, Europace average) Property prices (EPX hedonic, indexed) 5 130 4 New build 3 120 2 Existing housing stock 110 1 Apartments 0 100 260 130 Properties of
Slide 7: Structural gains in market share
Structural gains in market share Volume of private mortgage finance in Germany 230 Overall market (according to Bundesbank) Gesamtmarkt (laut Schufa) 170 Europace transaction volume 135 100 60 Q3/23 Q1/19 Q3/19 Q1/20 Q3/20 Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q1/24 Q3/24 Q1/25 Values presented on a logarit
Slide 8: Double-digit growth in a much brighter market environment
Double-digit growth in a much brighter market environment Real Estate & Mortgage: volume* of mortgage finance Europace total Finmas (savings banks) (€ billion) +23% (€ billion) +23% 85 73 77 66 38 54 52 31 5.8 10 9 10 4.7 8 7 6 2019 2020 2021 2022 2023 2024 H1/24 H1/25 2019 2020 2021 2022 2023 2024
Slide 9: Uptrend primarily driven by purchases of existing housing stock
Uptrend primarily driven by purchases of existing housing stock Real Estate & Mortgage: Volume of mortgage loans*, by purpose 30 25 4 20 3 2 1 2 3 7 3 2 2 1 3 1 15 6 5 1 2 2 5 5 4 1 3 3 4 5 1 1 2 2 2 2 1 2 2 4 4 2 1 1 1 2 2 10 3 3 1 2 2 2 3 2 3 15 14 13 12 12 12 13 13 11 12 12 11 11 12 5 9 10 10 9 9
Slide 10: Plenty of untapped potential left across all distribution channels
Plenty of untapped potential left across all distribution channels Real Estate & Mortgage: market share by distribution channel H1 2016 (€117 billion) H1 2025 (€122 billion) Brokers ~20% Cooperative Cooperative Brokers banks banks ~25–30% ~25% ~25–30% ~50% ~60% ~2% ~25% ~33% ~2% ~30% ~20% Private co
Slide 11: Progressive impact of strategic realignment
Progressive impact of strategic realignment Real Estate & Mortgage: property valuation (Value AG) Revenue from property valuation • Significant change in demand since 2022, triggered by a (€ million) fall in mortgage finance volume and the raising of the +22% small loans threshold by lawmakers 11.9
Slide 12: Significantly improved gross profit and a disciplined approach to costs
Significantly improved gross profit and a disciplined approach to costs Real Estate & Mortgage Platforms: key figures* +16% • Slower growth in the low-margin pool business due to specific Revenue (€ million) challenges faced by one key partner is holding back revenue 235 203 growth • Gross profit no
Slide 13: Financing Platforms
Financing Platforms Business model & results Housing sector Real Estate & Financing Corporate finance Mortgage Platforms Platforms Personal loans Insurance Platforms Hypoport SE, results H1/25 13
Slide 14: Good results despite persistently weak market conditions
Good results despite persistently weak market conditions Financing (housing sector): key figures for Dr. Klein Wowi Volume of loans brokered Number of units managed through ERP (€ billion) (thousands) +58% +15% 568 2.2 2.1 2.1 416 1.8 0.6 359 1.2 1.2 0.5 65 103 291 47 187 2019 2020 2021 2022 2023 20
Slide 15: Subdued market waiting for political change to become manifest
Subdued market waiting for political change to become manifest Financing (corporate finance): key figures for REM Capital • Climate change mitigation and energy costs are driving a Billed project volume at REM Capital (€ billion) structural increase in appetite for funding on the part of SMEs • Bill
Slide 16: Resilience in a weak market environment
Resilience in a weak market environment Financing (personal loans): key figures for personal loans via Europace • The overall volume of personal loans fell in the first half Volume of personal loan transactions* (€ billion) of the year due to the prevailing macroeconomic -1% conditions 3.7 3.6 • Pla
Slide 17: Growth despite lacklustre market conditions
Growth despite lacklustre market conditions Financing Platforms: key figures +6% • Sluggish market conditions and in some instances Revenue (€ million) diminishing market volumes across all three product 36 39 groups (housing industry, corporate finance and personal loans) H1/24 H1/25 • Nonetheless,
Slide 18: Insurance Platforms
Insurance Platforms Business model & results Personal insurance Real Estate & Financing Mortgage Platforms Occupational Platforms insurance Industrial insurance Insurance Platforms Hypoport SE, results H1/25 18
Slide 19: Digitalisation of the insurance industry
Digitalisation of the insurance industry Insurance Platforms segment: business model End customers// B2B employees & Distributors Poolers Underwriting agent Product suppliers insurance platform companies Insur apps Insur apps Advisors in bank branches Sia Other SMART INSUR brokers Quality- pool DR.
Slide 20: Progress with migration to platforms
Progress with migration to platforms Insurance: volume managed on the platforms SMART INSUR – personal insurance (€ billion) ePension – occupational insurance (€ billion) +9% 5.0 +19% 4.7 4.6 3.8 4.1 2.7 3.4 2.5 0.05 0.06 0.10 0.15 0.21 0.29 0.26 0.31 1.5 1.8 1.7 1.9 2019 2020 2021 2022 2023 2024 H1
Slide 21: Operating wins even before monetisation
Operating wins even before monetisation Insurance Platforms: key figures -4% • Growth rate of the overall insurance market has been mostly Revenue (€ million) lower than inflation for years 33 31 • High level of M&A transactions in the market is fuelling consolidation among distributors, putting add
Slide 22: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 23: Marked improvement in gross profit and EBIT in early 2025
Marked improvement in gross profit and EBIT in early 2025 Overview of Hypoport's results for H1 (€ million, yoy*) Revenue (€ million) +13% Gross profit (€ million) +14% 305 130 271 114 H1/24 H1/25 H1/24 H1/25 EBITDA (€ million) EBIT (€ million) +30% +94% 34 26 16.0 8.3 H1/24 H1/25 H1/24 H1/25 * Adju
Slide 24: On track for record level of gross profit in 2025
On track for record level of gross profit in 2025 Long-term changes in gross profit and EBIT Established Upscaling and Qualitative growth Start-up despite fin. crisis expansion in periods of crisis Gross profit (€ million)* 249 241 209 50 130 3 24 1999 2006 2013 2021 2023 2024 H1 2025 EBIT (€ millio
Slide 25: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 26: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 150 202X: market of the future 140 ~ €75 bn – €100 bn per quarter • Persistently high net inward migration is 130 supporting demand for housing • Current low level of new builds is not 120 politically sustainabl
Slide 27: For years, Forecast for 2025, For many more years
For years Forecast for 2025 For many more years Hypoport has been Double-digit percentage growth Hypoport will generate generating double-digit in consolidated revenue to at double-digit percentage percentage increases in least €640 million and in gross increases in market share market share and thu
Slide 28: Contact
Contact Jan H. Pahl Hypoport SE Head of Investor Relations Heidestrasse 8 Tel: +49 (0)30 420 86 1942 10557 Berlin Email: ir(at)hypoport.de Germany Click here to subscribe to the IR mailing list (German only) Click here to subscribe to the IR mailing list (English) Hypoport SE, results H1/25 28
Slide 29: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While Hyp
Slide 30: Annex
Annex Hypoport SE, results H1/25 30
Slide 31: Market capitalisation of almost €1.5 billion
Market capitalisation of almost €1.5 billion Shareholder structure and share information Breakdown of shareholders as at 31 July 2025 Key performance indicators KPI Details Value Ronald Slabke (CEO) Treasury shares Number of Total number of shares 6,872,164 Free float shares (of which more than 5% h
Slide 32: Share price performance superior to indices
Share price performance superior to indices Share price since the date of joining the SDAX (daily closing price, Xetra, €) HYQ SDAX MDAX % € 650 550 704 450 576 350 448 250 320 150 192 50 64 Oct Oct Oct Oct Oct Oct Oct Oct Oct Apr Apr Jul Apr Apr Apr Jul Apr Jul Jul Jul Apr Jul Jul Apr Jul Apr Jul A
Slide 33: Hypoport's investor relations activity
Hypoport’s investor relations activity Investor events, professional analysts’ assessments, awards Recommend Target Recent IR events (conferences and roadshows) Analyst Date ation price Bankhaus Metzler Hold €190.00 07 July 2025 Planned: Frankfurt, London (2x), Munich, Paris 2025 Berenberg Buy €260.
Slide 34: Investment highlights
Investment highlights ~15% GROWTH IN GROSS PROFIT 10-year 20+ YEARS CAGR of experience with platform- based business models ~10% EBIT INCREASE 10-year 80% OF OUR EMPLOYEES CAGR are satisfied or very satisfied with Hypoport 15+ ACQUISITIONS as an employer in 10 years Hypoport SE, results H1/25 34
Slide 35: Digitalisation of private residential property purchases
Digitalisation of private residential property purchases Real Estate & Mortgage Platforms business model Distribution of B2B Property Consumers Broker CRM Poolers Product suppliers financial products lending marketplace valuation Online comparison Private sites commercial Other banks advisors EUROPA
Slide 36: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 80 Freedom of movement 70 for EU employees Market growth driven by rising property prices; number of transactions virtually unchanged 60 Vacancy rates in Lack of growth stimulus in the market major cities coming