Slide 1: Growing impact: Results for Q3/9M 2024
Growing impact with Results for Q3/9M 2024 31 October 2024 © Scout24 Investor Relations
Slide 2: Disclaimer
Disclaimer This document has been issued by Scout24 SE (the “Company” and, together with its direct and indirect subsidiaries, the "Group") and does not constitute or form part of and should not be construed as any offer or invitation to sell or issue, or any solicitation of any offer to purchase or
Slide 3: Executive Summary
Executive Summary • Revenue growth of 8.5% in Q3 resulting in 11.4% growth for 9M, driven by continued robust performance in core • Agent membership revenue growth remained strong at 9.0% with accelerated customer growth of 2.5% in Q3 reaching >24,700 customers • Private subscriptions continued to s
Slide 4: Strong Q3 results driven by revenue momentum in core and accelerated operating leverage
Strong Q3 results driven by revenue momentum in core and accelerated operating leverage Group EUR 144.0m EUR 90.7m +16.1% +8.5% Ordinary operating EBITDA Revenue (62.9% margin) Professional EUR 74.5m 24,728 EUR 1,004 +9.0% +2.5% +6.4% Subscription revenue Professional customers ARPU with professiona
Slide 5: Strong 9M 2024 highlights consistent strong execution throughout the year
Strong 9M 2024 highlights consistent strong execution throughout the year Group EUR 419.6m EUR 257.1m +14.5% +11.4% Ordinary operating EBITDA Revenue (61.3% margin) Professional EUR 219.7m 24,443 EUR 999 +9.5% +1.8% +7.5% Subscription revenue Professional customers ARPU with professional customers P
Slide 6: All segments delivered double-digit growth for 9M 2024
All segments delivered double-digit growth for 9M 2024 419.6 +11.4% 376.6 115.9 +12.4% 103.1 61.3% +1.7pp Group Revenue (EUR million) 58.1% +6.2pp Private +11.1% 303.7 273.5 62.5% -0.1pp Professional ooEBITDA ooEBITDA margin margin y-o-y 9M 2024 9M 2023 9M 2024 6 Q3/9M 2024 Results | October 2024
Slide 7: Professional segment performance driven by strong memberships and gradual recovery in transaction market
Professional segment performance driven by strong memberships and gradual recovery in transaction market EUR m Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change Membership growth driven by a combination of customer growth Professional revenue 103.4 97.0 +6.5% 303.7 273.5 +11.1% and product upgrades Subs
Slide 8: Private segment with accelerated revenue growth and exceptional ooEBITDA performance
Private segment with accelerated revenue growth and exceptional ooEBITDA performance EUR m Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change Continued strong growth in subscriber base Private revenue 40.7 35.7 +13.8% 115.9 103.1 +12.4% Subscription revenue 23.6 18.5 +27.6% 65.8 52.7 +24.8% PPA revenues
Slide 9: Re-acceleration of operating leverage in Q3 driving 4pp ooEBITDA margin expansion to 62.9%
Re-acceleration of operating leverage in Q3 driving 4pp ooEBITDA margin expansion to 62.9% EUR m Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change Own work capitalised continues to decrease y-t-d due to completion Revenues 144.0 132.8 +8.5% 419.6 376.6 +11.4% of development & integration Own work capita
Slide 10: Adjusted EPS continues to grow strongly at 16%
Adjusted EPS continues to grow strongly at 16% EUR m Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change Non-operating effects normalised in Q3, but remain high y-t-d due to Ordinary operating EBITDA 90.7 78.1 +16.1% 257.1 224.5 +14.5% higher SBC Non-operating effects -5.4 -5.1 -6.2 % -33.0 -23.3 -41.4% R
Slide 11: Net income in 9M 2024 impacted by high-level of non-operating effects without cash impact
Net income in 9M 2024 impacted by high-level of non-operating effects without cash impact Non-operating effects of EUR 33m EUR 2.12 for 9M 2024 increased by 41% Adjusted EUR 1.69 EPS y-o-y, driven by: Reported EPS 1. Higher SBC due to strong 7.3 20.4 5.6 155.5 share price and business 12.5 -14.3 per
Slide 12: Free Cash Flow increasing strongly by 24% for 9M 2024
Free Cash Flow increasing strongly by 24% for 9M 2024 Strong and growing cash flow generation 10.9 172.9 35.0 25.5 (EURm) 2.0 123.9 -24.4 Net income D&A Capitalised Assets & IFRS Net Taxes Paid Changes working capital Net Financial Impact Free Cash Flow 16 Leasing & provisions Free Cash Flow develop
Slide 13: Leverage reduced to 0.4x with increasing buy-back volume
Leverage reduced to 0.4x after post-dividend increase during Summer. Q3 2024 with increasing buy-back volume Leverage Capital Returns 87.9 0.6 0.5 (EURm) 0.4 21.8 0.4 16.7 13.4 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2024 Q2 2024 Q3 2024 1 Share Buyback Dividend Leverage: = Net Debt / ooEBITDA LTM; share
Slide 14: Guidance for FY2024 Scout24 Group
revenue growth of Scout24 Group 9-11% 2024 Guidance for FY2024 expected towards upper end, both for revenue growth and ooEBITDA margin ooEBITDA margin of about 61% 14 Q3/9M 2024 Results | October 2024
Slide 15: Q&A
Q&A 15 Q3/9M 2024 Results | October 2024
Slide 16: FY (and Q4) 2024 preliminary results – February 2025
FY (and Q4) 2024 preliminary results – 27 February 2025 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com