Netfonds Ag · XETR:NF4
Netfonds — Q3 2021 Earnings Presentation
25 slides from Netfonds's earnings presentation, November 2021
Slide 1: Presentation Netfonds AG Figures Q3/2021
Presentation Netfonds AG Figures Q3/ 2021 FINTECH MEETS CONSULTING 1
Slide 2: Leading B2B finance platform on the German market
Leading B2B finance platform on the German market Leading platform for sales, administration, consulting and regulation for the German financial industry The cloud-based technology platform finfire is a state-of-the- art software solution on the market for the entire processing and administration of
Slide 3: Management Board of Netfonds AG
Management Board of Netfonds AG Martin Steinmeyer Dietgar Völzke Peer Reichelt Oliver Kieper CEO CTO CFO Insurance Business 3
Slide 4: FINTECH MEETS CONSULTING
FINTECH MEETS CONSULTING 4
Slide 5: News & Highlights YTD 2021
News & Highlights YTD 2021 Go live finfire Investment suite - scalable 360° IT platform (funds, insurance, bank products) Growth in business volume to net revenues € 25.04 m (gross profit € 137.5 m) in 9M 2021 + 30.8% Regulatory & Technology segment + 77.9% (9M 2021) vs. previous year Assets
Slide 6: Current figures Netfonds Group 9M 2021
Current figures Netfonds Group 9M 2021 in € m 9M 2021 9M 2020 Δ Q3 2021 Q3 2020 Δ Gross group revenues 137.50 105.1 30.8% 50.07 34.5 45.1% Net group revenues 25.04 20.7 20.8% 8.29 6.7 23.4% Gross profit margin 18.2% 19.7% 19.5% EBITDA 3.73 1.5 147.1% 1.33 0.4 216.8% EBIT 1.38 0.0 n.a. 0.59 -0.1 n.a.
Slide 7: Netfonds business areas - platform is the basis
Netfonds business areas - platform is the basis Regulatory & Real Estate, Wholesale Technology Products, & Marketing Broker pool Liability umbrella, asset for §34 c, d, f management, fund Real estate distribution advisors, advisory, platform, private label consultancy software, compliance, fiduciary
Slide 8: Netfonds segments 9M 2021
Netfonds segments 9M 2021 in € m Q3 21 Q3 20 Δ Q2 21 Q2 20 Δ Wholesale 73.1 59.2 23.6% 48.62 40.05 21.4% Regulatory / IT 53.1 29.9 77.9% 31.50 19.55 61.1% Miscellaneous (Real Estate, Products & Marketing) 11.3 16.1 -29.8% 7.30 11.00 -33.6% Total 137.5 105.1 30.8% 87.42 70.60 23.8% 8
Slide 9: Wholesale segment
Wholesale segment > 5.000 Consultants and angeschlossene advisory firms > 5.000 Finanz- u. Versicherungsmakler approx. ▪ Revenues 2021: > € e100 m (+ 20%) 370.000> 5.000 15u. angeschlossene Finanz- ▪ Steady growth in the "bread & butter" business Versicherungsmakler Deposit customers Custodians ▪ Un
Slide 10: Regulatory & Technology segment
Regulatory & Technology segment Liability umbrella NFS > 400 Partner > € 60 m firms revenues with approx. Asset management (€ e70 m in 2021) 550 advisors € 15 m € 2.3 bn revenues AuM (€ e20 m in 2021) Fund advisory 75 € 5.6 bn Mandates AuA 10
Slide 11: Regulatory & Technology segment IT infrastructure
Regulatory & Technology segment IT infrastructure Technology platform Implementation Regulatory 11
Slide 12: Platform - Advisor - End Customer!
Platform - Advisor - End Customer! One platform for all ▪ Complex processes and guidance logics in one platform ▪ Unites advisors and private clients Willkommen, Herr Mustermann von Lukas Schmidt ▪ Private clients are fully integrated by migrating them to the platform ▪ Legally compliant communicati
Slide 13: 360° – Financial Home
360° – Financial Home Financial home for private clients ▪ Maintain an overview about all securities accounts, insurance policies and other assets ▪ Record all product & asset classes (e.g. real estate, financial investments, holdings, tangible assets) ▪ Visible for advisors and clients ▪ Intelligen
Slide 14: Revenue Booster: Upscaling
Revenue Booster: Upscaling Enhanced value creation per advisor and client B2B2C-Sales/ Regulatory, Asset Mgmt. Miscellaneous Wholesale Increase margins Increase in contract structure per advisor and client 14
Slide 15: Miscellaneous (Real Estate, Products & Marketing)
Miscellaneous (Real Estate, Products & Marketing) Expansion of real estate distribution (focus on residential) & asset management > 5.000 NSI Netfonds angeschlossene Planned net turnover Finanz- u. Real estate warehousing portfolio Revenues in 2021: Versicherungsmakler spin off in evaluation 9M
Slide 16: The Netfonds growth story 2010 - 2021 in € million
The Netfonds growth story 2010 - 2021 in € million 200 (exp.) 180 185 30.8 % growth in 9M 2021 160 144.7 140 137.5 120 113.3 (9M/ 21) 26 % growth 100 93.6 in 2020 85.9 80 70.1 68.9 65.1 60 56.5 41.9 42.2 40 33.4 > 15 % p.a. revenues 20 growth since 2010 0 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 17: Combined assets: growing dynamically
Combined assets: growing dynamically Development of the combined assets of the Netfonds Group (in € billion) 20.1 18.9 € 20 bn 18.2 5.6 17.1 5.2 Corona 15.9 5.0 15.3 11.4 12.3 14.5 13.6 4.6 4.3 € 15 bn 4.2 3.9 14.5 3.9 13.7 3.7 12.5 13.0 2.9 11.0 11.6 € 10 bn Fund advisory 10.6 9.7 8.5 8.6 Deposit v
Slide 18: Assets under Management: dynamic growth
Assets under Management: dynamic growth Netfonds Hamburger Vermögen & NFS Capital AG: „Asset under Management“ AuM (in € m) 2500 2,300 2000 1,560 1500 1,250 1000 709.3 521.7 500 261.4 169.7 111.8 59.9 0 2013 2014 2015 2016 2017 2018 2019 2020 Q3/2021 in € m 18
Slide 19: Wholesale Segment, Insurance Division
Wholesale Segment, Insurance Division Number of contracts 600.000 500,000 500.000 500.000 440,155 440.155 392,540 392.540 ▪ CareFlex: 400.000 Supplementary 357,955 357.955 company nursing care insurance 300.000 initiated with IG BCE 272,787 272.787 (German union) ▪ Part of collective 200.000 agreeme
Slide 20: Forecast FY 2021
Forecast FY 2021 Key figures in € m Gross consolidated revenues > 185 (prior 165 -170) Net consolidated revenues 36.0 – 37.5 EBITDA 6.0 – 7.2 EBITDA / Net sales 17% - 19,5% 20
Slide 21: Outlook 2022
Outlook 2022 finfire platform fuels scalable, efficient growth Asset Management: AuM growth to € 3 bn Focus on profitability with further double-digit growth Increasing EBITDA/Net revenues margin to 20% + Forecast 2022 by the end of January 21
Slide 22: Share price development
Share price development Netfonds share price performance (Munich Stock Exchange/ Xetra closing) since 2018 until 19.11.2021 45 Netfonds share price 19.11.2021: 43.40 € 40 35 Coverage: 30 Montega AG, Hamburg Target price Netfonds 25 share: € 50.00 (NF Comment Q2/2021) 20 In preparation: Hauck & Aufhä
Slide 23: Thanks for your attention!
Thanks for your attention! 23
Slide 24: Contact
Contact Ms. Aud Wiese Investor Relations Tel: +49 40 822 267- 314 Email: awiese@netfonds.de Netfonds AG Heidenkampsweg 73, 20097 Hamburg Management Board: Martin Steinmeyer (CEO), Peer Reichelt, Oliver Kieper, Dietgar Völzke Supervisory Board Chairman: Klaus Schwantge Hamburg District Court : Hambur
Slide 25: Disclaimer
Disclaimer The provided presentation of Netfonds AG is free of charge. It contains content from external third parties over whose content Netfonds AG has no influence. The content of the information collected here is collected and interpreted with great care. However, Netfonds AG assumes no liabilit