Slide 1: Hypoport SE Results for Q1 2025
Hypoport SE Results for Q1 2025
Slide 2: Profitable growth in disparate markets
Profitable growth in disparate markets Results for Q1 2025 (€ million, yoy*) (€ million) Group RE&M FP IP Revenue 159 +19% 123 +24% 19 +12% 17 -4% Gross 66 +15% 41 +20% 16 +12% 8 +2% profit EBITDA 17 +31% 16 +38% 2 -23% 2 +8% EBIT 8.6 +88% 12.7 +53% 0.5 -52% 0.2 -11% Good news Bad news • Mortgage fi
Slide 3: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 4: Real Estate & Mortgage Platforms
Real Estate & Mortgage Platforms Business model & results Marketing Real Estate & Financing Finance (sales) Mortgage Platforms Platforms Finance (platform) Insurance Platforms Valuation Hypoport SE, results for Q1 2025 4
Slide 5: Home ownership is increasingly becoming the only viable option
Home ownership is increasingly becoming the only viable option Key factors driving home ownership and their macro-drivers Regulation of buildings’ energy efficiency Desire for home ownership remains high Li Planning a family continues to n f Taxation of residential property tio be the primary trigge
Slide 6: Excessive regulation in the rental market drives home ownership
Excessive regulation in the rental market drives home ownership Macroeconomic factors affecting mortgage finance 5 140 Interest (10-year fixed rate, Dr. Klein best interest rate) Property prices (EPX hedonic, indexed) 4 130 3 New build 120 2 Existing housing stock 110 1 Apartments 0 100 260 130 240
Slide 7: Structural gains in market share
Structural gains in market share Volume of private mortgage finance in Germany 230 Overall market (according to Bundesbank) Europace transaction volume 170 135 100 60 Q1/23 Q1/19 Q3/19 Q1/20 Q3/20 Q1/21 Q3/21 Q1/22 Q3/22 Q3/23 Q1/24 Q3/24 Q1/25 Values presented on a logarithmic scale. Q1 2019 = 100.
Slide 8: Gains in market share in a much brighter market environment
Gains in market share in a much brighter market environment Real Estate & Mortgage: volume* of mortgage finance Europace total Finmas (savings banks) (€ billion) (€ billion) +34% 85 +33% 73 77 66 54 52 20 10 10 15 8 9 2.3 3.0 6 7 2019 2020 2021 2022 2023 2024 Q1/24 Q1/25 2019 2020 2021 2022 2023 202
Slide 9: Uptrend primarily driven by purchases of existing housing stock
Uptrend primarily driven by purchases of existing housing stock Real Estate & Mortgage: mortgage finance, by purpose 30 1 25 4 20 3 2 1 2 3 7 3 2 2 1 3 15 6 5 1 2 2 5 5 4 1 3 4 5 1 1 2 2 2 2 1 2 2 4 4 2 1 1 1 2 2 10 3 3 1 2 2 2 3 2 3 15 14 13 12 12 12 13 11 12 12 11 11 12 5 9 10 10 9 9 10 9 7 8 8 8
Slide 10: High gains in market share across all distribution channels
High gains in market share across all distribution channels Real Estate & Mortgage: mortgage finance market share, by distribution channel Q1 2016 (€60 billion) Q1 2025 (€61 billion) Brokers Cooperative Cooperative ~20% banks Brokers ~25–30% banks ~25% ~25–30% ~50% ~60% ~2% ~25% ~33% Private ~2% ~40
Slide 11: Strategic realignment is proving effective
Strategic realignment is proving effective Real Estate & Mortgage: property valuation (Value AG) Revenue from property valuation • Significant change in demand since 2022, triggered by a (€ million) fall in mortgage finance volume and the raising of the +21% small loans threshold by lawmakers 6.0 •
Slide 12: Significantly improved gross profit and a disciplined approach to costs
Significantly improved gross profit and a disciplined approach to costs Real Estate & Mortgage Platforms: key figures* +24% • Slower growth in the low-margin pool business due to Revenue (€ million) specific challenges faced by one key partner is holding back 123 revenue growth 99 • Gross profit not
Slide 13: Financing Platforms
Financing Platforms Business model & results Housing sector Real Estate & Financing Corporate finance Mortgage Platforms Platforms Personal loans Insurance Platforms Hypoport SE, results for Q1 2025 13
Slide 14: Solid performance despite lacklustre market conditions
Solid performance despite lacklustre market conditions Financing (housing sector): key figures for Dr. Klein Wowi Volume of loans brokered Number of units managed through ERP (€ billion) (thousands) +70% -29% 533 2.2 2.1 2.1 416 1.8 313 1.2 1.2 0.3 0.3 47 65 103 291 187 2019 2020 2021 2022 2023 2024
Slide 15: Subdued market waiting for political change to become manifest
Subdued market waiting for political change to become manifest Financing (corporate finance): key figures for REM Capital • Climate change mitigation and energy costs are driving a Billed project volume at REM Capital (€ billion) structural increase in appetite for funding on the part of German SMEs
Slide 16: Modest growth in a stagnant market environment
Modest growth in a stagnant market environment Financing (personal loans): key figures for personal loans via Europace • Macroeconomic conditions meant that the overall market Volume of personal loan transactions* (€ billion) stagnated at a low level +2% • Platform business and white label offering
Slide 17: Growth despite lacklustre market conditions
Growth despite lacklustre market conditions Financing Platforms: key figures +12% • Sluggish market conditions for all three product groups Revenue (€ million) (housing industry, corporate finance and personal loans) 17 19 • Nonetheless, gross profit increased in all three product groups compared wi
Slide 18: Insurance Platforms
Insurance Platforms Business model & results Personal insurance Real Estate & Financing Mortgage Platforms Occupational Platforms insurance Industrial insurance Insurance Platforms Hypoport SE, results for Q1 2025 18
Slide 19: Digitalisation of the insurance industry
Digitalisation of the insurance industry Insurance Platforms segment: business model End customers // B2B insurance employees & Distributors Poolers Underwriting agent Product suppliers platform companies Insur apps Insur apps Advisors in bank branches Sia Other SMART INSUR brokers Quality- pool DR.
Slide 20: Progress with migration to platforms
Progress with migration to platforms Insurance: volume managed on the platforms SMART INSUR – personal insurance (€ billion) ePension – occupational insurance (€ billion) +12% 4.8 +18% 4.7 4.3 3.8 4.1 2.7 3.4 2.5 1.5 1.8 1.5 1.9 0.05 0.06 0.10 0.15 0.21 0.29 0.24 0.28 2019 2020 2021 2022 2023 2024 Q
Slide 21: Operating wins even before monetisation
Operating wins even before monetisation Insurance Platforms: key figures -4% • Growth rate of the overall insurance market has been Revenue (€ million) mostly lower than inflation for years 18 17 • High level of M&A transactions over the past few years is fuelling consolidation among distributors, p
Slide 22: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 23: Marked improvement in gross profit and EBIT in early 2025
Marked improvement in gross profit and EBIT in early 2025 Overview of Hypoport’s results for Q1 (€ million, yoy*) Revenue (€ million) +19% Gross profit (€ million) +15% 159 134 57 66 Q1/24 Q1/25 Q1/24 Q1/25 EBITDA (€ million) EBIT (€ million) +31% +88% 8.6 17 4.6 13 Q1/24 Q1/25 Q1/24 Q1/25 * Adjuste
Slide 24: On track for record level of gross profit in 2025
On track for record level of gross profit in 2025 Long-term changes in gross profit and EBIT Established Upscaling and Start-up Qualitative growth in periods of crisis despite fin. crisis expansion Gross profit (€ million)* 249 241 209 50 3 24 66 1999 2006 2013 2021 2023 2024 Q1 2025 EBIT (€ million
Slide 25: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 26: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 150 202X: market of the future 140 ~ €75 billion – €100 billion per quarter 130 • Persistently high net inward migration is supporting demand for housing 120 • Current low level of new builds is not politically
Slide 27: For years, Forecast for 2025, For many more years
For years Forecast for 2025 For many more years Hypoport has been Double-digit percentage growth Hypoport will generate generating double-digit in consolidated revenue to at double-digit percentage percentage increases in least €640 million and in gross increases in market share market share and thu
Slide 28: Contact
Contact Jan H. Pahl Hypoport SE Head of Investor Relations Heidestrasse 8 Tel: +49 (0)30 420 86 1942 10557 Berlin Email: ir(at)hypoport.de Germany Click here to subscribe to the IR mailing list (German only) Click here to subscribe to the IR mailing list (English) Hypoport SE, results for Q1 2025 28
Slide 29: 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 30: Annex
Annex Hypoport SE, results for Q1 2025 30
Slide 31: Market capitalisation of around €1.5 billion
Market capitalisation of around €1.5 billion Shareholder structure and share information Breakdown of shareholders as at 8 May 2025 Key performance indicators KPI Details Value Ronald Slabke (CEO) Treasury shares Number of Total number of shares 6,872,164 Free float shares (of which more than 5% hel
Slide 32: Share price performance superior to indices
Share price performance superior to indices Share price since the date of joining the SDAX (daily closing price, Xetra, €) HYQ SDAX MDAX % € 650 550 704 450 576 350 448 250 320 150 192 50 64 Oct Oct Okt Oct Oct Oct Oct Oct Oct Apr Apr Apr Apr Apr Jul Jul Apr Jul Jul Jul Jul Apr Jul Apr Apr Jul Jul A
Slide 33: Hypoport's investor relations activity
Hypoport’s investor relations activity Investor events, professional analysts’ assessments, awards Recommend Target Recent IR events (conferences and roadshows) Analyst Date ation price Planned: Chicago, Frankfurt, Hamburg, London, Bankhaus Metzler Hold €163.00 31 March 2025 2025 Munich, New York, P
Slide 34: Investment highlights
Investment highlights ~15% GROWTH IN GROSS PROFIT 10-year 20+ YEARS CAGR of experience with platform- based business models ~10% EBIT INCREASE 10-year 73% OF OUR EMPLOYEES CAGR are satisfied or very satisfied with Hypoport 15+ ACQUISITIONS as an employer in 10 years Hypoport SE, results for Q1 2025
Slide 35: Digitalisation of private residential property purchases
Digitalisation of private residential property purchases Real Estate & Mortgage Platforms business model Distribution of B2B lending Property Consumers Broker CRM Poolers Product suppliers financial products marketplace valuation Online comparison Private sites commercial Other banks advisors EUROPA
Slide 36: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 80 70 Freedom of movement for EU employees Market growth driven by rising property prices; number of transactions virtually unchanged 60 Vacancy rates in major cities coming Lack of growth stimulus in the market