Asmallworld Ag · SIX:ASWN
Asmallworld — H1 2020 Earnings Presentation
28 slides from Asmallworld's earnings presentation, Aug 4, 2020
Slide 1: Half-Year Results 2020
© ASMALLWORLD HALF-YEAR RESULTS 2020 27™4 AUGUST 2020
Slide 2: ASMALLWORLD is the world's leading travel & lifestyle community
Ez © ASMALLWORLD ASMALLWORLD is the world’s leading TRAVEL & LIFESTYLE COMMUNITY, focusing on EXPERIENCES: the modern-day definition of luxury. Centred around the ASMALLWORLD social network, we operate a digital TRAVEL & LIFESTYLE ECOSYSTEM which inspires our members to TRAVEL BETTER, EXPERIENCE MOR
Slide 3: ASMALLWORLD Travel & Lifestyle Ecosystem
ASMALLWORLD TRAVEL & LIFESTYLE ECOSYSTEM Centred around the ASMALLWORLD social network, our group offers a wealth of travel & lifestyle services Launched in July! Online hotel booking focused on luxury hotels Va @ ASMALLWORLD EVENTS Divers Wate High-end travel agency for curated travel arrangements
Slide 4: Agenda
AGENDA * OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 5: Operational Highlights H1 2020
OPERATIONAL HIGHLIGHTS H1 2020 Travel & lifestyle ecosystem completed with launch of ASMALLWORLD Collection; impact of COVID-19 felt * Launch of ASMALLWORLD COLLECTION completed travel & lifestyle ecosystem; allows shift of focus from building new businesses to improving them * COVID-19 with signifi
Slide 6: Financial Results H1 2020
FINANCIAL RESULTS H1 2020 Continued profitable grow despite difficult market environment and investment into ASMALLWORLD Collection * REVENUE GROWTH OF 4.4% to CHF 5.9M, from CHF 5.7M in H1 2019, despite challenging market environment ¢ EBITDA CHF 0.4M vs. CHF 0.5M in H1 2019, despite investment in
Slide 7: Agenda
AGENDA * OVERVIEW OF H1 PERFORMANCE ¢ SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 8: Subscriptions Business
SUBSCRIPTIONS BUSINESS Business was driven by Prestige Membership sales while other areas slowed during health crisis * Continued MEMBER GROWTH (+11% yoy) In CHF 2020 H1 2019 H1 CHANGE ASW PRESTIGE MEMBERSHIPS with strong demand due to Business and First Class flight upgrades REVENUE 3.7M 3.6M +2.1%
Slide 9: ASMALLWORLD Prestige Membership Push
ASMALLWORLD PRESTIGE MEMBERSHIP PUSH ASW Prestige Memberships sold well during H1, due to strong interest in Business and First Class travel @ASMALLWORLD * The ASW Prestige Membership offers a WEALTH OF TRAVEL BENEFITS PRESTI G E Your Upgrade to Business and First Class Save EUR 800 until end of Aug
Slide 10: #KindnessSpreadsFaster Initiative
#KINDNESSSPREADSFASTER INITIATIVE We invited members to bring friends to ASW and spread kindness through interaction with others * We promoted the idea that KINDNESS #KindnessSpreadsFaster 252.0% nen Sangh Goatees CAN SPREAD FASTER than any virus Last updated: § May 2020 - 10:00 CET ® Private messag
Slide 11: Agenda
AGENDA * OVERVIEW OF H1 PERFORMANCE * SUBSCRIPTIONS SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 12: Services Business
SERVICES BUSINESS Travel services from Frist Class & More in demand but events and travel down significantly due to Corona FIRST CLASS & MORE service revenue up In CHF 2020 H1 2019 H1 CHANGE due to sales of business and first class flight packages and upgrade options REVENUE 2.2M 2.0M +8.2% ° ASW EV
Slide 13: The ASMALLWORLD Collection Launched in July
THE ASMALLWORLD COLLECTION LAUNCHED IN JULY Our hotel booking platform is specifically tailored to the needs of a discerning audience bia Hotels we love wt inary benetts Q Fn HOTELS WE LOVE WITH EXTRAORDINARY BENEFITS HOTELS WE LOVE WITH EXTRAORDINARY BENEFITS Our booking engine caters to the HIGH E
Slide 14: All Our Hotels Are Hand-Picked
ALL OUR HOTELS ARE HAND-PICKED We only features hotels of the highest standard to guarantee a great customer experience ° “HOTELS YOU WILL LOVE” — we guarantee that all our hotels are excellent * Our customers will be able to BOOK each hotel WITHOUT HESITATION * At launch we had 600 HOTELS listed *
Slide 15: Always Two Rates to Choose From
ALWAYS TWO RATES TO CHOOSE FROM Our customers will always be able to choose between the ‘Lowest Rate' and our exclusive 'ASW Preferred Rate’ LUXURY ROOM DOUBLE © 25m? /2691? —eRDoUbIeMU bed Various Views + Sofitel MyBed double size bed + Tea and coffee making facilities with kettle and espresso mach
Slide 16: Highly Visual and Streamlined Experience
HIGHLY VISUAL AND STREAMLINED EXPERIENCE NORTH ISLAND, .A-LXURY COLLECTION RESORT, ASW PREFERRED RATE £12,012
Slide 17: Seamless Experience Across Web and App
SEAMLESS EXPERIENCE ACROSS WEB AND APP The booking experience works seamlessly between web and app * Our booking engine is accessible — from ALL MAJOR PLATFORMS BAUER IL PALAZZ@/HO Tel * Web / desktop * Mobile internet (phone) * iOS * Android ° All platforms offer the same FULL BOOKING FUNCTIONALITY
Slide 18: We Work with Great Partners
WE WORK WITH GREAT PARTNERS To deliver this high-end hotel selection, we work with great partners ASMALLWORLD IS A PROUD MEMBER OF MEMBER OF VITA BY @virtveso .¥.| HYATT THE PENINSULA ie , Impresario PRIVE pesceus tne ueavine moves OUR OTHER PARTNERS WK S $b WALDORF SHANGRI-LA Jumeirah CON RAD Cun =
Slide 19: ASMALLWORLD Collection: Next Steps
ASMALLWORLD COLLECTION: NEXT STEPS New revenue stream allows us to monetise our customer base further once travel activity resumes * Demand for travel is currently depressed but we WANT TO BE WELL POSITIONED when the world starts to travel again * The Collection provides a completely NEW REVENUE STR
Slide 20: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK @ ASMALLWoRLD
Slide 21: Income Statement 2020 H1
INCOME STATEMENT 2020 H1 Continued profitable sales growth ; 9 RESRIES SEEnG Bana MALES . SALES increased by 4.4% due to growth 2753-4781 53% in both business units 223.0 “1,647.5 -26% 147.1 165.4 11% * DIRECT EXPENSES increased due to higher SUIS) ASSES) sili COGS for Prestige Memberships and EBITD
Slide 22: Balance Sheet 2020 H1 — Part 1
BALANCE SHEET 2020 H1 — PART 1 Balance sheet size reduced due to First Class & More earn-out and cash compensation payout In CHE ‘O00 Balance sheet impacted by CHF 5.6M CASH 3754.8 6,889.1 FIRST CLASS & MORE EARN-OUT AND CASH COMPENSATION PAYOUT (part of agreed acquisition cost) RECEIVABLES FROM SER
Slide 23: Balance Sheet 2020 H1 — Part 2
BALANCE SHEET 2020 H1 — PART 2 Balance sheet size reduced due to First Class & More earn-out and cash compensation payout 2020 H1 2019 H1 In CHF ‘000 D0 D6 + OTHER SHORT-TERM LIABILITIES reduced Sse TEAS significantly due to FCAM payout 6157 4589.4 Temp SEED * ACCRUED LIABILITIES increased due to 3'
Slide 24: Cash Flow Statement 2020 H1 — Part 1
Ez CASH FLOW STATEMENT 2020 H1 — PART 1 Operating cash flow increased significantly year-on-year In CHF ‘000 2020 H1 2019 H1 NET RESUL’ 328.7 337.3 DEPRECIATION OF TANGIBLE FIXED ASSETS 17.3 23.6 AMORTIZATION OF INTANGIBLE ASSETS 356.4 355.9 43.5 159 * OPERATING CASH FLOW improved to CHF THAT DO NOT
Slide 25: Cash Flow Statement 2020 H1 — Part 2
CASH FLOW STATEMENT 2020 H1 — PART 2 Smaller financing activities in H1 and overall change in net cash of CHF -3.1M In CHF ‘000 2020H1 2019 H1 ISSUANCE/REPAYMENT OF SHORT-TERM 0.0 65 FINANCIAL LIABILITIES . ~ ISSUANCE/REPAYMENT OF LONG-TERM y5a17 6093 * Cash flow from FINANCING ACTIVITY FINANCIAL LI
Slide 26: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS N * OUTLOOK ee @ ASMALLWoRLD
Slide 27: Outlook for H2
OUTLOOK FOR H2 Expand and promote ASW Collection and start refining individual businesses where needed * Continue to drive awareness for ASMALLWORLD COLLECTION and increase hotels offering so it is well positioned for when travel bookings resume * Now that ASMALLWORLD travel & lifestyle ecosystem is
Slide 28: ASMALLWORLD AG
CA WORLD ASMALLWORLD AG Lowenstrasse 40 8001 Zurich, Switzerland info@asmallworldag.com www.asmallworldag.com | www.asw.com