Holidaycheck Group Ag · HAM:HOC
Holidaycheck — Q3 2021 Earnings Presentation
23 slides from Holidaycheck's earnings presentation, Nov 8, 2021
Slide 1: Final Results 9M & Q3 2021
Final Results 9M & Q3 2021 Dr. Marc Al-Hames & Markus Scheuermann 8 November 2021
Slide 2: Agenda
Agenda 1 Overview Q3 2021 2 Financials 9M & Q3 2021 3 Current situation 4 Outlook 2021 5 Planned Delisting 6 Appendix 2
Slide 3: 1. Overview Q3 2021
1. Overview Q3 2021 3
Slide 4: Market segment development in Q3
1. Market segment development in Q3 • The relaxations in travel restrictions led to a strong increase in booking demand and travel activity in Q3, despite the spread of the delta variant. • Demand for both package tours and hotels grew significantly in Q3, even compared to 2019 levels. Final Results
Slide 5: Development of HolidayCheck Group
1. Development of HolidayCheck Group • After a weak Q1 demand for holiday travels recovered in Q2 and Q3 with most departures from June to October 2021. • Continued cost discipline and targeted marketing enables us to both serve market demand and manage the bottom line – at a pleasantly profitable l
Slide 6: 2. Financials 9M & Q3 2021
2. Financials 9M & Q3 2021 6
Slide 7: Financials 9M & Q3 2021 (in EUR million)
2. Financials 9M & Q3 2021 (in EUR million) Q3 comparison 9M comparison 46.0 37.1 Revenue 13.0 11.2 1 2 25.6 33.3 Gross margin 9.5 6.0 1 2 15.1 Operating EBITDA 6.9 - 31.0 0.8 -31.0 2021 2020 2021 2020 Final Results 9M & Q3 2021 7
Slide 8: Financials 9M 2021
2. Financials 9M 2021* In EUR million 9M 2021 9M 2020 Revenue 46,0 11,2 Cost of Goods Sold -12,7 -5,1 Gross Margin 33,3 6,0 Marketing expenses -1,7 -8,8 Personnel expenses -15,9 -22,5 Net impairment losses on financial assets -0,4 2,3 Other expenses -9,2 -12,7 EBITDA 7,2 -33,0 Operating EBITDA 6,9 -
Slide 9: Financials Q3 2021
2. Financials Q3 2021* In EUR million Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Revenue -6,7 4,9 13,0 3,3 1,7 7,3 37,1 Cost of Goods Sold -1,5 -0,1 -3,5 -2,0 -0,2 -1,0 -11,5 Gross Margin -8,3 4,9 9,5 1,3 1,4 6,2 25,6 Marketing expenses -7,6 -0,5 -0,7 0,2 -0,1 -0,5 -1,1 Personnel expens
Slide 10: 3. Current situation
3. Current situation Final Results 9M & Q3 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 72.7 million as of 30 September 2021 (compared with EUR 33.7 million as of 31 December 2020) • Swiss COVID 19 loan of EUR 13.5 million still used (1st installment due end of Q3 2022
Slide 12: 4. Outlook 2021
4. Outlook 2021 12
Slide 13: Outlook 2021
4. Outlook 2021 Outlook 2021 – our initial view • October was a positive month as well, continuing the strong summer season. • November and December 2021 are expected on a much lower level as many long-haul destinations are still closed or not strongly seeked. • Actual level November and December wi
Slide 14: Guidance 2021
4. Outlook 2021 Guidance 2021 • Due to the high level of uncertainty regarding the development of the COVID 19 pandemic, we decided in March 2021 not to issue a quantitative forecast for gross margin and operating EBITDA. Instead, we have developed a positive and a negative scenario based on plannin
Slide 15: Our long-term objectives
4. 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
Slide 16: Our vision
Our vision We want to build the most Urlauber-friendly company in the world! Final Results 9M & Q3 2021 16 *German term for holidaymaker, vacationer
Slide 17: 5. Planned Delisting
5. Planned Delisting 17
Slide 18: Planned Delisting
5. Planned Delisting Planned Delisting • The Management Board of HolidayCheck Group AG has resolved to seek the removal of the company’s shares (delisting) from trading on the Regulated Market of the Frankfurt Stock Exchange in accordance with Section 39, paragraph 2 of the German Stock Exchange Act
Slide 19: 6. Appendix
6. Appendix
Slide 20: Our business model: High organic traffic combined with unique inventory
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 21: Financial calendar 2021
Financial calendar 2021* 23 Nov: German Equity Forum 2021 Nov *Provisional date Final Results 9M & Q3 2021 21
Slide 22: 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 23: 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