Holidaycheck Group Ag · HAM:HOC
Holidaycheck — Berenberg & Goldman Sachs Tenth German Corporate Conference 2021
28 slides from Holidaycheck's conference presentation, September 2021
Slide 1: Corporate Presentation
Corporate Presentation Dr Marc Al-Hames (CEO) & Markus Scheuermann (CFO) September 2021
Slide 2: Agenda
Agenda 1 Who we are 2 Financials 3 Current situation 4 Outlook 2
Slide 3: Who we are
Who we are 3
Slide 4: HolidayCheck - the instance for holidays
HolidayCheck - the instance for holidays 13.2 million 1.2 visits (IVW) in August 2021 million reviews in 2019 Cancellation free of 0.35 charge up to 6 days million reviews prior departure with HC Flex in 2020 90 Almost 12million approx. tour operators *IVW: April 2021; 3.2million community photos &
Slide 5: The HolidayCheck Group
The HolidayCheck Group Online travel brands in the DACH market Core business: Growth driver: Start-up: Leading German hotel Innovative tour operator International car rental review and booking platform portals Business model: Online Business model: Dynamic Business model: Online price travel agency
Slide 6: Our business model: High organic traffic combined with unique inventory to accelerate growth
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 7: Travel & tourism market growing healthily pre-COVID with package tours being the strongest segment
Travel & tourism market growing healthily pre-COVID with package tours being the strongest segment; online share growing still with headroom Development of the DACH region travel & tourism market Development of the DACH travel & tourism market by product, in EUR billion by distribution channel, in p
Slide 8: Current situation
Current situation Corporate Presentation 2021 8
Slide 9: Current demand for holiday trips during COVID-19 crisis
Current demand for holiday trips during COVID-19 crisis • More than 62% of the German population is fully vaccinated • The spread of the delta variant repeatedly lead and leads to the (temporary) classification of individual destinations as high-risk areas. The reaction of holidaymakers to this is m
Slide 10: HolidayCheck during COVID-19
HolidayCheck during COVID-19 • Despite continuous booking restraint, interest Visits on HolidayCheck (desktop and mobile) in holiday trips came back during summer in million (IVW) 25 season 2020 & 2021. Also, incoming reviews of holidaymakers who travelled during COVID- 19 were mainly positive 20 15
Slide 11: Solid financing thanks to successful capital increase
Solid financing thanks to successful capital increase • Cash and cash equivalents at approx. EUR 62.1 million as of 30 June 2021 (compared with EUR 33.7 million as of 31 December 2020) • Swiss COVID 19 loan of EUR 13.2 million still used (1st installment due end of Q3 2022); no other loans currently
Slide 12: HolidayCheck Flex
HolidayCheck Flex HolidayCheck Reisen offers new package holiday product with full cancellation flexibility HolidayCheck Reisen offers customers package tours that fulfil current needs • Cancellation up to 6 days prior to departure free of charge • Payment 6 days prior to departure; no upfront payme
Slide 13: Financials
Financials 13
Slide 14: Overview HY1 2021: Market segment development
Overview HY1 2021: Market segment development • Q1 still heavily affected by travel restrictions, the relaxations led to a quick and strong increase in booking demand in Q2. • Demand for both package tours and hotels grew significantly in Q2, even compared to 2019 levels. • However, with the rise of
Slide 15: Overview HY1 2021: Development of HolidayCheck Group
Overview HY1 2021: Development of HolidayCheck Group • After a weak Q1 demand for holiday travels recovered in Q2 with most departures planned for Q3 and Q4. • Increasing spread of Delta variant led to temporarily dampened demand in June. In July and August, we again saw an increase in travel volume
Slide 16: Financials HY1 & Q2 2021 (in EUR million)
Financials HY1 & Q2 2021 (in EUR million) Q2 comparison HY1 comparison 7.3 8.9 4.9 Revenue -1,8 6.2 7.7 4.9 Gross margin -3,4 -3.4 Operating EBITDA -2.4 -2.3 -8,2 2020 2021 -31.6 2020 2021 Corporate Presentation 2021 16
Slide 17: Financials HY1 2021
Financials HY1 2021 In EUR million HY1 2020 HY1 2021 Revenue -1.8 8.9 Cost of Goods Sold -1.6 -1.3 Gross Margin -3.4 7.7 Marketing expenses -8.1 -0.6 Personnel expenses -16.1 -10.7 Net impairment losses on financial assets 2.3 -0.2 Other expenses -9.0 -5.2 EBITDA -32.3 -7.8 Operating EBITDA -31.6 -8
Slide 18: Financials Q2 2021
Financials Q2 2021 In EUR million Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Revenue -6.7 4.9 13.0 3.3 1.7 7.3 Cost of Goods Sold -1.5 -0.1 -3.5 -2.0 -0.2 -1.0 Gross Margin -8.3 4.9 9.5 1.3 1.4 6.2 Marketing expenses -7.6 -0.5 -0.7 0.2 -0.1 -0.5 Personnel expenses -9.2 -6.9 -6.5 -4.2 -5.1 -5.6
Slide 19: Outlook 2021
Outlook 2021 hi a ter: en
Slide 20: Outlook 2021
Outlook 2021 Outlook 2021 – our initial view • Rising vaccination rates led to an increase in holiday bookings especially in Q2 (compared to Q4 2020). However, the spread of the Delta variant resulted in a strong decline in bookings since July as well as an increase in cancellations. • Autumn and wi
Slide 21: Outlook 2021 - Guidance 2021
Outlook 2021 Guidance 2021 • Due to the continuing uncertainties in the market, we are still 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
Slide 22: 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 continue to build a booking platform focused on the needs of our us
Slide 23: Our vision
Our vision We want to build the most holidaymaker-friendly company in the world! Corporate Presentation 2021 23
Slide 24: Appendix
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Slide 25: Financials FY 2020
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 expense
Slide 26: Financials 2020 by quarters
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 impairmen
Slide 27: Financial calendar 2021
Financial calendar 2021* 21 Sep: Berenberg and Goldman Sachs Tenth German Corporate Sep Conference 08 Nov: Publication of Q3 2021 Interim Statement Nov 23 Nov: German Equity Forum 2021 Nov *Provisional dates Corporate Presentation 2021 27
Slide 28: 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
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