Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q1 2013 Earnings Presentation
16 slides from Moltiply's earnings presentation, May 15, 2013
Slide 1: Gruppo MutuiOnline First Quarter 2013 Results
Gruppo MutuiOnline First Quarter 2013 Results 15th May 2013
Slide 2: Disclaimer
Disclaimer Certain statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. The user of such information should recognize t
Slide 3: Presenters today
Presenters today •Group Chairman and Head of Broking Division •Founder and key shareholder (16.25% indirectly through Alma Ventures SA) •Background in consulting (McKinsey) and banking (Morgan Stanley) •Degrees in Electrical Engineering and Computer Science, MBA from MIT Marco Pescarmona •Group CEO
Slide 4: Share performance 6th June 2007 (IPO date) – 13th May 2013
Share performance 6th June 2007 (IPO date) – 13th May 2013 MOL Total Return vs. MOL vs.FTSE ITALIA STAR 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% -40% -45% -50% -55% -60% -65% -70% 4
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 15th May 2013* * Share ownership as communicated to the company by relevant investors according to CONSOB regulations; includes all investors above 2% ownership threshold. ** The share capital of Alma Ventures S.A. is owned 50% by Guderian
Slide 6: Business portfolio
Business portfolio Broking BPO DIVISION 2012: Rev. €17.3m* EBIT €2.9m 2012: Rev. €21.2m EBIT €0.7m Multi-brand Multi-brand Multi-brand Multi-brand Employee broking of broking of broking of Remote Mortgage insurance loan BUSINESS mortgages consumer mortgages mortgage underwriting broking underwriting
Slide 7: Q1 highlights
Q1 highlights Revenues EBIT (€m) (€m) 2 12 1.1 Y-o-Y 10.6 Y-o-Y 1 -72.5% 9.7 +9.1% 0.3 0 8 Q1 12 Q1 13 EBIT margin 11% 3% 4 Net Income* (€m) 1.5 0 1 0.7 Y-o-Y Q1 12 Q1 13 -18.2% 0.5 0.5 0 Q1 12 Q1 13 NI margin 7% 5% * Attributable to the shareholders of the Issuer 7
Slide 8: Q1 Segment reporting
Q1 Segment reporting Revenues EBIT (€m) (€m) 2 12 1.1 Y-o-Y Y-o-Y 10.6 -72.5% 1 9.7 +9.1% 0.3 1.4 Y-o-Y 0.6 N/A% 0 Y-o-Y -0.4 -0.3 8 4.6 +2.3% Y-o-Y 4.5 -121.9% -1 Q1 12 Q1 13 Broking Division BPO Division 4 Y-o-Y 5.9 +15% EBIT margin 5.2 Q1 2012 2012 Q1 2013 0 Q1 12 Q1 13 Broking Division 32% 17% -
Slide 9: Evolution of the Italian residential mortgage market
Evolution of the Italian residential mortgage market • The residential mortgage market continues to contract in the first months of the year, but at a much slower pace than in the previous quarters. This could prelude to the bottoming out of the market during 2013. • Data from Assofin, an industry a
Slide 10: Broking Division business update
Broking Division business update • The overall results of the Broking Division represent a continuation of the performance of the previous quarter. • With respect to mortgage and consumer loan broking, revenues in Q1 2013 are still down year on year, in coherence with the evolution of the market. Ev
Slide 11: BPO Division business update
BPO Division business update • Q1 2013 confirms our recovery expectations. Relative to the same period of last year, revenues grew by 15%, and operating margin was around 10%, substantially aligned with Q4 2012, when adjusted for seasonality effect. • We confirm the growth and the positive margin co
Slide 12: Acquisition of Centro Processi Interconsult S.r.l.
Acquisition of Centro Processi Interconsult S.r.l. On May 13, 2013, Centro Perizie S.r.l., a fully owned subsidiary of the Issuer, purchased from Interconsult S.r.l. 100% of the share capital of Centro Processi Interconsult S.r.l., a company offering outsourced claim management for property insuranc
Slide 13: Appendix
ine po MutuiOn! Grup Appendix
Slide 14: Q1 Profit & loss
Q1 Profit & loss (€000) Q1 2013 Q1 2012 % Var. Rev enues 10,562 9,685 9.1% Other income 305 255 19.6% Capitalization of internal costs 98 130 -24.6% Serv ice costs (5,065) (3,355) 51.0% Personnel costs (4,863) (4,795) 1.4% Other operating costs (355) (485) -26.8% Depreciation and amortization (386)
Slide 15: Quarterly Profit & loss
Quarterly Profit & loss (€000) Q1 2013 Q4 2012 Q3 2012 Q2 2012 Q1 2012 Rev enues 10,562 10,434 8,356 9,987 9,685 Other income 305 456 331 369 255 Capitalization of internal costs 98 113 125 162 130 Serv ice costs (5,065) (4,459) (4,011) (3,183) (3,355) Personnel costs (4,863) (4,983) (3,964) (4,783)
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