Holidaycheck Group Ag · HAM:HOC
Holidaycheck — FY2020 Earnings Presentation
21 slides from Holidaycheck's earnings presentation, Mar 31, 2021
Slide 1: Final Results 2020
Final Results 2020 Dr. Marc Al-Hames & Markus Scheuermann 31 March 2021
Slide 2: Agenda
Agenda 1 Overview 2020 2 Financials 2020 3 Current situation 4 Outlook 2021 5 Appendix 2
Slide 3: 1. Overview 2020
1. Overview 2020 3
Slide 4: Travel industry severely affected by COVID 19 pandemic
1. Overview 2020: Travel industry severely affected by COVID 19 pandemic Market segment development • The travel industry was severely affected by the COVID 19 pandemic and the associated global travel warnings and restrictions in 2020. • Demand for package tours in particular came to an almost comp
Slide 5: Reduction of costs and complexity
1. Overview 2020: Reduction of costs and complexity Development of HolidayCheck Group: • A tough and challenging year with negative revenues and difficult decisions • Decisive reduction of costs and complexity • The result: a lean structure and a solid financial base to take advantage of the challen
Slide 6: Reduction of costs and complexity
1. Overview 2020 Reduction of costs and complexity • Structural reduction of all costs (personnel and non-personnel) planned and mostly already implemented for the core brand HolidayCheck • Full focus on the core market DACH and significant reduction of complexity: Withdrawal from the Dutch market b
Slide 7: 2. Financials 2020
2. Financials 2020 7
Slide 8: Financials FY 2020
2. Financials FY 2020 In EUR million FY 2020 Adj. FY 2020* FY 2019** Revenue 14.5 27.1 133.0 Cost of Goods Sold (COGS) -7.2 -7.2 -1.8 Gross Margin 7.3 19.9 131.2 Marketing expenses -8.6 -13.6 -66.7 Personnel expenses -26.7 -26.7 -34.9 Net impairment losses on financial assets 2.5 2.1 -3.6 Other expe
Slide 9: Financials 2020 by quarters
2. Financials 2020 by quarters In EUR million Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Revenue -6.7 4.9 13.0 3.3 14.5 Cost of Goods Sold (COGS) -1.5 -0.1 -3.5 -2.0 -7.2 Gross Margin -8.3 4.9 9.5 1.3 7.3 Marketing expenses -7.6 -0.5 -0.7 0.2 -8.6 Personnel expenses -9.2 -6.9 -6.4 -4.2 -26.7 Net impair
Slide 10: 3. Current situation
3. Current situation Final Results 2020 10
Slide 11: Solid financing thanks to successful capital increase
3. Current situation: Solid financing thanks to successful capital increase • Cash and cash equivalents at appr. EUR 58,7 million as of 31 March 2021 (compared with EUR 33.7 million as of 31 December 2020) • The revolving credit instruments drawn in 2020 already fully repaid - Swiss COVID 19 loans o
Slide 12: 4. Outlook 2021
4. Outlook 2021 12
Slide 13: Outlook 2021
4. Outlook 2021 Outlook 2021 – our initial view • The summer season will be heavily impacted by vaccination rates, infection rates both in Germany, in potential travel countries and in political decisions. This is highly volatile, and it is still unclear whether 2021 will have a summer season and/or
Slide 14: Guidance 2021
4. Outlook 2021 Guidance 2021 • Due to the continuing uncertainties in the market, we are unable to make a quantitative forecast for gross margin and operating EBITDA. Instead, we have developed a positive and a negative scenario based on planning: • In a positive scenario, we expect that demand wil
Slide 15: Our long-term objectives
Our long-term objectives Foster a profitable growth culture and create value for our customers and HolidayCheck • We leverage our content and our position as trusted authority to expand our industry leading position in traffic • We build-out our Tour Operator to become the best in the market in orde
Slide 16: Our vision
Our vision We want to build the most Urlauber-friendly company in the world! Final Results 2020 16 *German term for holidaymaker, vacationer
Slide 17: 5. Appendix
5. Appendix
Slide 18: Our business model: High organic traffic combined with unique inventory
Our business model: High organic traffic combined with unique inventory to accelerate growth Conversion optimization and Wide range of third-party and holidaymaker-oriented sales and own inventory with competitive marketing to accelerate bookings pricing to accelerate bookings CUSTOMERS Content Offe
Slide 19: Financial calendar 2021
Financial calendar 2021* 22 Apr: Solventis Capital Market Conference (virtual) Apr 10 May: Publication of Q1 2021 Interim Statement May 11 May: Stifel German SMID Cap One-on-One Forum (virtual) 17 Jun: Annual Shareholder Meeting 2021 Jun 09 Aug: Publication of Q2 2021 Interim Report Aug 08 Nov: Publ
Slide 20: Contact
Contact Dr. Marc Al-Hames Markus Scheuermann Armin Blohmann CEO CFO Director Group Comm. & Investor Relations +49 89 357 680 911 +49 89 357 680 917 +49 89 357 680 901 marc.al-hames@holidaycheckgroup.com markus.scheuermann@holidaycheckgroup.com armin.blohmann@holidaycheckgroup.com www.holidaycheckgro
Slide 21: Disclaimer
Disclaimer This presentation contains 'forward looking statements' regarding HolidayCheck Group AG, including opinions, estimates and projections regarding HolidayCheck Group AG’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking st