Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q1 2011 Earnings Presentation
13 slides from Moltiply's earnings presentation, May 17, 2011
Slide 1: Gruppo MutuiOnline First Quarter 2011 Results
Gruppo MutuiOnline First Quarter 2011 Results 17th May 2011
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) – 11th May 2011
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Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 17th May 2011* Treasury shares; 5,04% Free float ; 21,31% Alma Vent ures**; 32,50% 360 Capit al One; 2,60% Stefano Rossini; 4,32% Parvus Asset Management (UK) LLP; Capit al Research & 10,34% Management Company; 4,97% Index Vent ure Growth;
Slide 6: Business portfolio
Business portfolio Broking BPO DIVISION 2010: Rev. €32,8m EBIT €18,6m 2010: Rev. €20,6m EBIT €3,4m 3M 2011: Rev. € 9,0m EBIT € 4,2m 3M 2011: Rev. € 6,8m EBIT € 1,2m Multi-brand Multi-brand Multi-brand Multi-brand Employee broking of broking of broking of Remote Mortgage insurance loan BUSINESS mortg
Slide 7: Q1 highlights
Q1 highlights Revenues EBIT (€m) (€m) 8 6 Y-o-Y 5,4 18 5,0 +6.5% 15,8 4 16 Y-o-Y +38.7% 2 14 11,4 0 12 Q1 10 Q1 11 10 EBIT margin 44% 34% 8 6 Net Income* (€m) 4 8 2 6 0 Y-o-Y 3,8 Q1 10 Q1 11 4 3,5 +7.9% 2 0 Q1 10 Q1 11 NI margin 31% 24% * Attributable to the shareholders of the Issuer 7
Slide 8: Q1 segment reporting
Q1 segment reporting Revenues EBIT (€m) (€m) 15,8 8 16 6 Y-o-Y 5,4 Y-o-Y 5,0 +6.5% 14 +38.7% 4 Y-o-Y 11,4 Y-o-Y 4,7 4,2 -12.1% 12 +18.9% 9,0 2 Y-o-Y 10 0 0,3 1,2 +228.1% Q1 10 Q1 11 8 7,6 Broking Division BPO Division 6 6,8 Y-o-Y 4 +77.8% EBIT margin 2 3,8 0 Q1 2010 2010 Q1 2011 Q1 10 Q1 11 Broking
Slide 9: Broking Division business update
Broking Division business update Q1 2011 showed an increase of the revenues of all the Business Lines of the Broking Division, but also an important increase of marketing costs, in a context of weak demand for the financial products brokered by the Division. • MutuiOnline Business Line: In Q1 2011,
Slide 10: BPO Division business update
BPO Division business update Q1 2011 showed a strong increase compared to Q1 2010, which, however, represented the worst quarter of 2010. As anticipated, the positive trend of 2010 is going on in 2011. The growth is visible both in revenues and in the operating margin. The operating margin was 17.8%
Slide 11: Appendix
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Slide 12: Quarterly Profit & loss
Quarterly Profit & loss (€000) Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Revenues 15.793 18.451 11.031 12.562 11.386 Other income 109 137 121 171 159 Capitalization of internal costs 68 91 78 103 77 Service costs (5.247) (5.629) (3.488) (3.263) (2.738) Personnel costs (4.259) (3.555) (3.077) (3.547) (
Slide 13: 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