Holidaycheck Group Ag · HAM:HOC
Holidaycheck — H1 2021 Earnings Presentation
21 slides from Holidaycheck's earnings presentation, Aug 9, 2021
Slide 1: Final Results HY1 & Q2 2021
Final Results HY1 & Q2 2021 Dr. Marc Al-Hames & Markus Scheuermann 9 August 2021
Slide 2: Agenda
Agenda 1 Overview Q2 2021 2 Financials HY1 & Q2 2021 3 Current situation 4 Outlook 2021 5 Appendix 2
Slide 3: 1. Overview Q2 2021
1. Overview Q2 2021 3
Slide 4: Market segment development in HY1
1. Market segment development in HY1 • Q1 still heavily affected by travel restrictions, the relaxations led to a quick and strong increase in booking demand in Q2. • Demand for both package tours and hotels grew significantly in Q2, even compared to 2019 levels. • However, with the rise of the delt
Slide 5: Development of HolidayCheck Group
1. Development of HolidayCheck Group • After a weak Q1 demand for holiday travels recovered in Q2 with most departures planned for Q3 and Q4. • Increasing spread of Delta variant led to dampened demand as of mid June. • Continued cost discipline and targeted marketing enables us to both serve market
Slide 6: 2. Financials HY1 & Q2 2021
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Slide 7: Financials HY1 & Q2 2021 (in EUR million)
2. Financials HY1 & Q2 2021 (in EUR million) Q2 comparison HY1 comparison 7.3 8.9 4.9 Revenue -1,8 6.2 7.7 4.9 Gross margin -3,4 -3.4 Operating EBITDA -2.4 -2.3 -8,2 2020 2021 -31.6 2020 2021 Final Results HY1 & Q2 2021 7
Slide 8: Financials HY1 2021
2. Financials HY1 2021 In EUR million HY1 2020 HY1 2021 Revenue -1.8 8.9 Cost of Goods Sold -1.6 -1.3 Gross Margin -3.4 7.7 Marketing expenses -8.1 -0.6 Personnel expenses -16.1 -10.7 Net impairment losses on financial assets 2.3 -0.2 Other expenses -9.0 -5.2 EBITDA -32.3 -7.8 Operating EBITDA -31.6
Slide 9: Financials Q2 2021
2. Financials Q2 2021 In EUR million Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Revenue -6.7 4.9 13.0 3.3 1.7 7.3 Cost of Goods Sold -1.5 -0.1 -3.5 -2.0 -0.2 -1.0 Gross Margin -8.3 4.9 9.5 1.3 1.4 6.2 Marketing expenses -7.6 -0.5 -0.7 0.2 -0.1 -0.5 Personnel expenses -9.2 -6.9 -6.5 -4.2 -5.1 -5
Slide 10: 3. Current situation
3. Current situation Final Results HY1 & Q2 2021 10
Slide 11: Current situation: Solid financing thanks to successful capital increase
3. Current situation: Solid financing thanks to successful capital increase • Cash and cash equivalents at approx. EUR 62.1 million as of 30 June 2021 (compared with EUR 33.7 million as of 31 December 2020) • Swiss COVID 19 loan of EUR 13.2 million still used (1st installment due end of Q3 2022); no
Slide 12: 4. Outlook 2021
4. Outlook 2021 12
Slide 13: Outlook 2021
4. Outlook 2021 Outlook 2021 – our initial view • Rising vaccination rates led to an increase in holiday bookings especially in Q2 (compared to Q4 2020). However, the spread of the Delta variant resulted in a strong decline in bookings since July as well as an increase in cancellations. • Late summe
Slide 14: Outlook 2021: Guidance 2021
4. Outlook 2021 Guidance 2021 • Due to the continuing uncertainties in the market, we are still unable to make a quantitative forecast for gross margin and operating EBITDA. Instead, we have developed a positive and a negative scenario based on planning: • In a positive scenario, we expect that dema
Slide 15: Our long-term objectives
Our long-term objectives Foster a profitable growth culture and create value for our customers and HolidayCheck • We leverage our content and our position as trusted authority to expand our industry leading position in traffic. • We continue to build a booking platform focused on the needs of our us
Slide 16: Our vision
Our vision We want to build the most Urlauber-friendly company in the world! Final Results HY1 & Q2 2021 16 *German term for holidaymaker, vacationer
Slide 17: 5. Appendix
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Slide 18: Our business model: High organic traffic combined with unique inventory to accelerate growth
Our business model: High organic traffic combined with unique inventory to accelerate growth Conversion optimization and Wide range of third-party and holidaymaker-oriented sales and own inventory with competitive marketing to accelerate bookings pricing to accelerate bookings CUSTOMERS Content Offe
Slide 19: Financial calendar 2021
Financial calendar 2021* 23 Sep: Berenberg & Goldman Sachs 10th German Corporate Sep Conference 08 Nov: Publication of Q3 2021 Interim Statement Nov 23 Nov: German Equity Forum 2021 Nov *Provisional dates Final Results HY1 & Q2 2021 19
Slide 20: Contact
Contact Dr. Marc Al-Hames Markus Scheuermann Armin Blohmann CEO CFO Director Group Comm. & Investor Relations +49 89 357 680 911 +49 89 357 680 917 +49 89 357 680 901 marc.al-hames@holidaycheckgroup.com markus.scheuermann@holidaycheckgroup.com armin.blohmann@holidaycheckgroup.com www.holidaycheckgro
Slide 21: Disclaimer
Disclaimer This presentation contains 'forward looking statements' regarding HolidayCheck Group AG, including opinions, estimates and projections regarding HolidayCheck Group AG’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking st