Hypoport Se · XETR:HYQ
Hypoport — FY2016 Earnings Presentation
30 slides from Hypoport's earnings presentation, Mar 13, 2017
Slide 1: Technology-based growth: Preliminary financial results for 2016
Technology-based growth Preliminary financial results for 2016
Slide 2: Investment highlights of 2016
Technology-based financial services Investment highlights of 2016 Key performance indicators for 2016 (yoy) • Revenue: €156.6 million (+13%) • EBIT: €23.2 million (+22%) • Market cap: More than €500 million • Average trading volume: €2.1 million • EPS: €3.0 (+15%) Hypoport growing faster than the ma
Slide 3: Contents
Contents 1. Market environment 2. Business units 3. Overview of key performance indicators 4. Hypoport's shares 5. Outlook
Slide 4: Huge excess demand in the housing market
Huge excess demand in the housing market Changes in the German housing market 1200 Completed homes Wohnungsfertigstellung 1100 CumulativeBedarf kumulierter demand Wanderungssaldo Net migration 1000 900 800 700 600 500 400 300 200 100 0 -100 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Slide 5: Volume of mortgage finance not very dependent on interest rates
Volume of mortgage finance not very dependent on interest rates Performance of various market indices since 2009 110% Index for the volume of mortgage finance in Germany Interest-rate hike 90% Index for ten-year German government bonds leads to a record high volume Index for property prices in Germa
Slide 6: Mortgage finance – market has strong potential
Mortgage finance – market has strong potential Factors influencing the market volumes for home loans & commercial real-estate finance Restraining factors Stimulating factors Finance for • Lack of available properties • Strong pressure in the rental market OWNER- • Mortgage Credit Directive subdued t
Slide 7: Contents
Contents 1. Market environment 2. Business units 3. Overview of key performance indicators 4. Hypoport's shares 5. Outlook
Slide 8: Financial Service Providers
Financial Service Providers Business model and KPIs 8
Slide 9: Growth of EUROPACE in all markets and product segments
Growth of EUROPACE in all markets and product segments Financial Service Providers: volume of transactions and number of partners Volume of transactions* (€ billion) CAGR: +21% + 13% 44.7 31.9 39.6 • Mortgage finance on EUROPACE continues to 25.4 27.8 grow strongly despite slight market contraction.
Slide 10: Significant increase in penetration at savings banks and cooperative banks
Significant increase in penetration at savings banks and cooperative banks GENOPACE and FINMAS transaction volume from distributors and number of contractual partners Volume of transactions of distributors* (€ billion) + 34% + 56% 1.5 1.1 • FINMAS: 19 of the top 25 savings banks are 1.0 0.7 contract
Slide 11: EUROPACE modernised, expanded and upscaled
EUROPACE modernised, expanded and upscaled Financial Service Providers: revenue, gross profit and earnings Revenue (€ million) • Higher fixed costs as a result of capital + 22% expenditure on the planned stepping up of key 53.6 44.0 account management and software development aimed at future growth.
Slide 12: Private Clients
Private Clients Business model and KPIs 12
Slide 13: Dr. Klein wins award for fairest mortgage finance
Dr. Klein wins award for fairest mortgage finance Private Clients: volume of loans brokered and number of advisors Volume of transactions* (€ billion) CAGR: +24% + 7% 7.9 8.5 • Dr. Klein increases its share of the mortgage 4.1 4.8 5.5 finance market. 2012 2013 2014 2015 2016 * Numbers include cancel
Slide 14: Exceptionally strong rise in EBIT at Dr. Klein
Exceptionally strong rise in EBIT at Dr. Klein Private Clients: revenue, gross profit and earnings Revenue (€ million) + 10% 86.1 78.6 • Expansion of market share in mortgage finance 2015 2016 and personal loans has led to double-digit revenue growth. Gross profit (€ million) + 9% • Focus on optimis
Slide 15: Institutional Clients
Institutional Clients Business model and KPIs 15
Slide 16: House-building companies reticence due to lack of stimulus from interest rates
House-building companies reticence due to lack of stimulus from interest rates Institutional Clients: volume of loans brokered and consulting revenue Volume of new loans brokered (€ billion) - 9% • Market players have generally been wary as 2.08 interest rates failed to provide any stimulus at a 1.8
Slide 17: Revenue exceeded record prior-year figure again
Revenue exceeded record prior-year figure again Institutional Clients: revenue, gross profit and earnings Revenue (€ million) + 7% 18.6 • Interest rates locked in for long periods and 17.3 extensive services for business partners from the insurance sector resulted in higher revenue. 2015 2016 • Subs
Slide 18: Contents
Contents 1. Market environment 2. Business units 3. Overview of key performance indicators 4. Hypoport's shares 5. Outlook
Slide 19: Sustained, all-round growth for Hypoport
Sustained, all-round growth for Hypoport Overview of Hypoport's key performance indicators Revenue Gross profit Employees (€ million) (€ million) (number) +13% + 25% 709 156.6 + 19% 139.0 569 85.2 71.7 2015 2016 2015 2016 2015 2016 EBITDA EBIT Net profit for the year (€ million) (€ million) (€ milli
Slide 20: Third strategic development phase
Third strategic development phase Long-term changes in revenue and EBIT 7Y Start-up 7Y Financial crisis 3+ Upscaling and expansion Revenue (€ million) 157 98 4 26 1999 2006 2013 2016 EBIT (€ million) 6 23 2 4 1999 2006 2013 2016 Preliminary financial results for 2016 20
Slide 21: Contents
Contents 1. Market environment 2. Business units 3. Overview of key performance indicators 4. Hypoport's shares 5. Outlook
Slide 22: Free float remains high
Free float remains high Shareholder structure, repurchase programmes and KPIs Breakdown of shareholders as at 30 December 2016 Share repurchase program as of 30. December 2016 Fixed ownership YEAR SHARES PURCHASED MAX. PRICE Ronald Slabke (CEO) 2016 68,948 shares €80.00 Treasury shares 2016 32,362 s
Slide 23: Contents
Contents 1. Market environment 2. Business units 3. Overview of key performance indicators 4. Hypoport's shares 5. Outlook
Slide 24: Areas of exceptional growth up to 2020
Areas of exceptional growth up to 2020 Business models taking shape at a very rapid pace Company BU Objective Status 1 Mortgage finance centre of excellence Used by 144 savings banks FINMAS FSP and main marketplace in the savings 19 of the top 25 are contractual bank sector partners 2 Used by 174 cr
Slide 25: Many reasons for choosing Hypoport
Many reasons for choosing Hypoport Investment highlights Hypoport's domain is financial services underpinned by technology. Hypoport will support and expand its family of subsidiaries. High potentials in the housing market are boosting success. Regulation and pressure on margins are accelerating the
Slide 26: Contacts
Contacts Christian Würdemann Head of Group Operations Tel: +49 (0)30 420 860 Hypoport AG Email: ir(at)hypoport.de Klosterstrasse 71 10179 Berlin Michaela Reimann Germany Head of Investor Relations & Public Affairs Tel: +49 (0)30 420 860 Email: ir(at)hypoport.de
Slide 27: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While Hyp
Slide 28: Annex
Annex
Slide 29: A dynamic year
A dynamic year Share price in the period January to December 2016 (daily closing prices, Xetra, €) 100 90 80 70 60 50 Feb Apr Dec Jan Aug Sep Nov Mar May Jul Jun Oct Preliminary financial results for 2016 29
Slide 30: Strong demand for investor relations activities
Strong demand for investor relations activities Research reports RECOMMEN TARGET RECOMMEN TARGET ANALYST DATE ANALYST DATE DATION PRICE DATION PRICE Oddo Seydler Buy €102.00 16 Dec 2016 Montega Buy €72.00 15 Mar 2016 Berenberg Buy €95.00 14 Dec 2016 ODDO Seydler Buy €72.00 23 Feb 2016 Warburg Buy €1