Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — H1 2011 Earnings Presentation
16 slides from Moltiply's earnings presentation, Aug 11, 2011
Slide 1: Gruppo MutuiOnline First Half 2011 Results
Gruppo MutuiOnline First Half 2011 Results 11th August 2011
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 Chairman and Head of Broking Division •Founder and key shareholder (16.25% indirectly through Alma Ventures SA) •Background in consulting (McKinsey) and banking (Morgan Stanley) •Degrees in Electrical Engineering and Computer Science, MBA from MIT Marco Pescarmona •Group CEO
Slide 4: Share performance 6th June 2007 (IPO date) - 8th August 2011
Share performance 6th June 2007 (IPO date) - 8th August 2011 2.000 6,5 1.900 1.800 6,0 1.700 1.600 5,5 1.500 1.400 5,0 1.300 1.200 4,5 1.100 1.000 4,0 900 800 3,5 700 600 3,0 500 400 2,5 300 200 2,0 MOL Total Return vs. MOL vs.FTSE ITALIA STAR 100 15% 0 1,5 10% 06/07 08/07 11/07 02/08 05/08 08/08 11
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 11th August 2011* Treasury shares; 5,38% Free float ; 20,97% Alma Ventures**; 32,50% 360 Capital One; 2,60% Stefano Rossini; 4,32% Parvus Asset Management (UK) LLP; Capit al Research & 10,34% Management Company; 4,97% Index Ventures Growt h
Slide 6: Business portfolio
Business portfolio Broking BPO DIVISION 2010: Rev. €32,8m EBIT €18,6m 2010: Rev. €20,6m EBIT €3,4m H1 2011: Rev. € 20,9m EBIT € 10,8m H1 2011: Rev. € 15,4m EBIT € 3,5m Multi-brand Multi-brand Multi-brand Multi-brand Employee broking of broking of broking of Remote Mortgage insurance loan BUSINESS mo
Slide 7: H1 highlights
H1 highlights Revenues EBIT (€m) (€m) 16 14,4 Y-o-Y 40 12 10,4 +37.8% 36,2 36 8 32 Y-o-Y 4 +51.3% 28 0 23,9 H1 10 H1 11 24 20 EBIT margin 44% 40% 16 12 Net Income* (€m) 8 12 4 9,7 Y-o-Y 0 8 7,3 +32.1% H1 10 H1 11 4 0 H1 10 H1 11 NI margin 31% 27% * Attributable to the shareholders of the Issuer 7
Slide 8: H1 Segment reporting
H1 Segment reporting Revenues EBIT (€m) (€m) 16 14,4 40 Y-o-Y 36,2 12 10,4 +37.8% 36 Y-o-Y 10,8 8 +16.3% 32 Y-o-Y 9,3 +51.3% 4 28 20,9 Y-o-Y Y-o-Y +35.9% 1,1 3,5 23,9 0 +221.5% 24 H1 10 H1 11 20 Broking Division BPO Division 16 15,3 12 15,4 Y-o-Y EBIT margin 8 +78.8% 8,6 4 H1 2010 2010 H1 2011 0 H1
Slide 9: Revenue breakdown
Revenue breakdown Broking Division Revenues BPO Division Revenues (€m) (€m) 24 20,9 24 Y-o-Y Y-o-Y 1,1 +801.6% 20 +35.9% 1,0 Y-o-Y 20 +25.7% 15,3 15,4 16 6,2 16 0,8 Y-o-Y Y-o-Y +16.7% Y-o-Y 2,2 -22.6% 12 5,3 +78,8% 12 8,6 9,4 Y-o-Y 8 12,6 Y-o-Y 8 +116% +37.3% 2,8 9,2 4 4 4,4 3,8 Y-o-Y +165.5% 0 0 1,
Slide 10: Broking Division business update
Broking Division business update •In the six months ended June 30, 2011, when compared to the same period of the previous financial year, the revenues of the Broking Division displayed significant growth, characterized by a gradual expansion of all the traditional Business Lines and a strong acceler
Slide 11: BPO Division business update
BPO Division business update • Results for the six months ended June 30th, 2011 show a major growth both in terms of revenues and operating income, which rose respectively by 78.8% and 221.5% compared to the first half of 2010. This strong result is due to the contribution of the second quarter, whi
Slide 12: Appendix
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Slide 13: H1 Profit & loss
H1 Profit & loss (€000) H1 2011 H2 2010 % Var. Revenues 36.238 23.948 51,3% Other income 326 330 -1,2% Capitalization of internal costs 226 180 25,6% Service costs (10.268) (6.001) 71,1% Personnel costs (9.821) (6.720) 46,1% Other operating costs (1.682) (716) 134,9% Depreciation and amortization (6
Slide 14: Quarterly Profit & loss
Quarterly Profit & loss (€000) Q2 2011 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Revenues 20.445 15.793 18.451 11.031 12.562 11.386 Other income 217 109 137 121 171 159 Capitalization of internal costs 158 68 91 78 103 77 Service costs (5.021) (5.247) (5.629) (3.488) (3.263) (2.738) Personnel costs (5
Slide 15: Q2 highlights
Q2 highlights Revenues EBIT (€m) (€m) 10 9,0 8 Y-o-Y 24 5,4 +67.2% 6 6,7 Y-o-Y 20,5 +45.5% 4 20 4,6 Y-o-Y 2 2,3 Y-o-Y +62.8% 0 0,8 +194.9% 16 Y-o-Y 11,9 +52.5% Q2 10 Q2 11 12,6 12 Broking Division BPO Division 7,8 8 EBIT margin 8,6 Y-o-Y 4 +79.5% 4,8 Q2 2010 2010 Q2 2011 0 Q2 10 Q2 11 Broking Divisi
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