Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — H1 2010 Earnings Presentation
16 slides from Moltiply's earnings presentation, Aug 27, 2010
Slide 1: Gruppo MutuiOnline First Half 2010 Results
Gruppo MutuiOnline First Half 2010 Results 27th August 2010
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 •Group Chairman Chairman and and Head Head of of Broking Broking Division Division •Founder •Founder and and key key shareholder shareholder (16.25% (16.25% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Background •Background in in consulting cons
Slide 4: Share performance 6 June 2007 (IPO date) - 26 August 2010
gi u/ 0 100 200 300 400 500 600 700 800 900 1.000 07 lu g/ 07 a go /0 7 ot t/ 07 no v/ 0 ge 7 n/ 0 fe 8 b/ 0 m 8 ar /0 m 8 ag /0 8 gi u/ 08 lu g/ 08 se t/ 08 ot t/ 08 d ic /0 ge 8 n/ 0 fe 9 b/ 0 Volumes ('000 shares) ap 9 r/ m 09 ag /0 9 lu g/ 09 Price ag o/ 09 se t/ 0 no 9 v/ 09 d ic /0 fe 9 b/ 1 m
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 26th August 2010* Treasury shares; 4,26% Free float ; 22,06% Alma Vent ures**; 32,50% Investmentakt iengesellsc haft fur TGV; 2,01% 360 Capit al One; 2,60% Parvus Asset St efano Rossini; 4,32% Management (UK) LLP; 10,34% Algebris Invest men
Slide 6: Business portfolio
Business portfolio Broking Broking BPO BPO DIVISION DIVISION 2009: 2009: Rev. Rev. €€ 31.7m 31.7m EBIT EBIT €€ 20.0m 20.0m 2009: 2009: Rev. Rev. €€ 16.2m 16.2m EBIT EBIT €€ 1.5m 1.5m H1 H1 2010: 2010: Rev. Rev. €€ 15,2m 15,2m EBIT EBIT €€ 10,0m 10,0m H1 H1 2010: 2010: Rev. Rev. €€ 8,6m 8,6m EBIT EBI
Slide 7: H1 highlights
H1 highlights Revenues EBIT (€m) (€m) 12 Y-o-Y 10,4 10,2 +2.2% 26 9 23,7 Y-o-Y 23,9 24 +1.2% 6 22 3 20 18 0 16 H1 09 H1 10 14 EBIT EBIT margin margin 43% 43% 44% 44% 12 10 8 Net Income* (€m) 6 4 8 7,2 Y-o-Y 7,3 2 +1.4% 6 0 H1 09 H1 10 4 2 0 H1 09 H1 10 NI NI margin margin 31% 31% 31% 31% * Attributa
Slide 8: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) 12 11,1 Y-o-Y 10,2 +8.4% 10 26 8 23,7 Y-o-Y 23,8 Y-o-Y 24 +0.7% 10,0 6 +8.5% 9,2 22 4 20 2 Y-o-Y 1,1 +7.9% 0 1,0 18 15,5 15,2 Y-o-Y H1 09 H1 10 (a) 16 -1.9% 14 Broking Division BPO Division 12 10 8 EBIT margin 6 8,6 Y-o-Y 4 8,2 +5.6% 2 H1 H1 2009 2009 2009 2
Slide 9: Revenue breakdown
Revenue breakdown Broking Division Revenues BPO Division Revenues (€m) (€m) 20 15 Y-o-Y 15,2 15,5 -1.9% 15 9% 5% 10 33% 35% 8.2 Y-o-Y 8.6 10 +5.6% 33% 33% 5 5 60% 37% 58% 50% 30% 17% 0 0 H1 09 H1 10 H1 09 H1 10 MutuiOnline PrestitiOnline CreditPanel FEC CEI CLC 9
Slide 10: Broking Division business update
Broking Division business update ••During During H1 H1 2010, 2010, revenues revenues of of the the Broking Broking Division Division remained remained substantially substantially stablestable vs vs H1 H1 2009, 2009, while while the the operating operating margin increased. This situation is due to t
Slide 11: BPO Division business update
BPO Division business update •In •In Q2Q2 2010, 2010, the the BPO BPO Division Division clearly clearly continued continued on on its its recovery recovery path, path, as as forecasted forecasted by by the the management. management. Revenues Revenues and and margins margins in in H1 H1 2010 2010 ar
Slide 12: Appendix
iz.) = MutuiOn Appendix a
Slide 13: H1 Profit & loss
H1 Profit & loss (€000) (€000) H1 H1 2010 2010 H1 H1 2009 2009 % % Var. Var. Revenues 23,948 23,669 1.2% Other income 330 149 121.5% Capitalization of internal costs 180 172 4.7% Services costs (6,001) (6,075) -1.2% Personnel costs (6,720) (6,366) 5.6% Other operating costs (716) (823) -13.0% Deprec
Slide 14: Q2 Profit & loss
Q2 Profit & loss (€000) (€000) Q2 Q2 2010 2010 Q2 Q2 2009 2009 % % Var. Var. Revenues 12,562 12,304 2.1% Other income 171 65 163.1% Capitalization of internal costs 103 96 7.3% Services costs (3,263) (3,080) 5.9% Personnel costs (3,547) (3,247) 9.2% Other operating costs (337) (466) -27.7% Depreciat
Slide 15: Q2 highlights
Q2 highlights Revenues EBIT (€m) (€m) 8 6 Y-o-Y 5.8 15 5.3 +6.8% 4 Y-o-Y 5.0 5.0 Y-o-Y 12.5 -1.5% 12,3 +1.3% 12 2 Y-o-Y 0.3 0.8 +128.9% 0 Q2 09 Q2 10 (a) 9 8,2 Y-o-Y 7,7 -6.6% Broking Division BPO Division 6 EBIT margin 3 4,8 Y-o-Y 4,1 +17,3% Q2 Q2 2009 2009 2009 2009 Q2 Q2 2010 2010 0 Broking Broki
Slide 16: 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