Slide 1: Half-Year Results 2019
€) ASMALLWORLD HALF-YEAR RESULTS 2019 3D SEPTEMBER 2019 Te
Slide 2: The ASMALLWORLD Group
THE ASMALLWORLD GROUP Our vision is to build the world’s leading TRAVEL & LIFESTYLE COMMUNITY, Centred around the ASMALLWORLD social network, we operate a digital _ TRAVEL & LIFESTYLE ECOSYSTEM which inspires and enables our members tof” a Yl
Slide 3: The ASW Travel & Lifestyle Ecosystem
THE ASW TRAVEL & LIFESTYLE ECOSYSTEM CENTRED AROUND THE ASW SOCIAL NETWORK, OUR GROUP OFFERS A WEALTH OF TRAVEL & LIFESTYLE SERVICES r u FIRST CLASS & MORE [ALEXANDER KOENIG Receive the best luxury travel deals at affordable prices r © ASMALLWORLD HOSPITALITY Stay at iconic ASW Hotel Collection hote
Slide 4: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ¢ SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK G ASMALLWoRLD
Slide 5: Operational Highlights H1
OPERATIONAL HIGHLIGHTS H1 WE CONTINUED TO EXPAND THE ASMALLWORLD TRAVEL & LIFESTYLE ECOSYSTEM * Introduced a brand new ASMALLWORLD iOS APP to increase user engagement and member retention * Launched FIRST CLASS & MORE INTERNATIONAL to bring the smart luxury travel service to an English-speaking audi
Slide 6: Financial Results H1
FINANCIAL RESULTS H1 STRONG REVENUE GROWTH ACCOMPANIED BY SIGNIFICANT PROFITABILITY IMPROVEMENT * STRONG REVENUE GROWTH OF 45% for first half of the year, from CHF 3.9M in H1 2018 to CHF 5.7M in H1 2019 * EBITDA MARGIN TURNED POSITIVE: +9% vs. -36% in previous year despite ongoing investments into t
Slide 7: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK G ASMALLWoRLD
Slide 8: Subscriptions Business
SUBSCRIPTIONS BUSINESS STRONG GROWTH AND PROFITABLE SEGMENT FOR FIRST TIME SINCE LISTING * Segment turned PROFITABLE In CHF 2018 H1 019 HI CHANGE REVENUE 21M 3.9M +80% GREW MEMBERSHIP from 47’800 to 54’900 since beginning of the year * Sold more PREMIUM MEMBERSHIPS * FIRST CLASS & MORE subscription
Slide 9: New ASW iOS App to Drive Engagement
NEW ASW iOS APP TO DRIVE ENGAGEMENT AFTER 12 MONTHS OF DESIGN AND DEVELOPMENT, WE INTRODUCED A NEW iOS APP IN JUNE A BRAND NEW iOS APP! ° am Lis. ( i ' Pe WaaG 0 © ASMALLWORLD
Slide 10: Modern Design and Extensive Functionality
MODERN DESIGN AND EXTENSIVE FUNCTIONALITY WE COMPLETELY REDESIGNED THE LOOK AND FEEL OF THE APP AND EXPANDED ITS FUNCTIONALITY MEET MEMBERS FROM GET ACCESS TO ENGAGE IN TRAVEL & TRAVEL BETTER WITH ENJOY TRAVEL & AROUND THE WORLD EXCLUSIVE EVENTS LIFESTYLE DISCUSSIONS ASW CITY GUIDES LIFESTYLE PRIVIL
Slide 11: Initial Feedback on New App Very Positive!
INITIAL FEEDBACK ON NEW APP VERY POSITIVE! MEMBERS APPRECIATE THE NEW DESIGN AND FUNCTIONALITY Laurent Just downloaded—Nice one ASW! | see you've taken many user comments seriously. Looking forward to exploring further and provide feedback. Thanks! 25 JUN 2019, 10:46 AM UNLIKE REPLY REPORT Asher Con
Slide 12: Launched First Class & More International
LAUNCHED FIRST CLASS & MORE INTERNATIONAL BRINING A GREAT SERVICE TO A MUCH LARGER AUDIENCE * Launched ENGLISH LANGUAGE website of FCAM on 5th June * Access to a LARGER AUDIENCE leading to member growth The Art of Smart Luxury Travel ; ; * Allows for INTEGRATION AND SAVE UP TO 70% AND GET YOUR DESIR
Slide 13: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ¢ SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK G ASMALLWoRLD
Slide 14: Services Business
SERVICES BUSINESS INVESTMENT PERIOD: EXPANDING AND IMPROVING TRAVEL SETUP WITH INTEGRATION OF LUXURYBARED * Segment GREW as budgeted PROFITABILITY INCREASED by 5%-pt. In CHF 2018 H1 019 HI CHANGE REVENUE aay aay for * Focus on building a more comprehensive TRAVEL SETUP, with online and offline servi
Slide 15: LuxuryBARED Brings Online Hotel Booking to ASW
LUXURYBARED BRINGS ONLINE HOTEL BOOKING TO ASW ONLINE TRAVEL OFFERING TO COMPLEMENT BESPOKE TRAVEL ARRANGEMENTS OF ASW PRIVATE LUXURY ; _ * Acquired LuxuryBARED, a UK-based TRAVEL GASMALLWORLD FP), = AGENCY, in February * LuxuryBARED owns an ONLINE HOTEL BOOKING PLATFORM, specialising in the world’s
Slide 16: Targeting ASW Members' Travel Spend
TARGETING ASW MEMBERS’ TRAVEL SPEND WE WANT TO CAPTURE A PORTION OF OUR MEMBERS’ CHF 680M ANNUAL LEISURE SPEND ANNUAL HOTEL SPEND OF CHF 1.1B 680M ADDRESSABLE LEISURE SPEND Weekend trips Business trips Longer trips / vacation “Source: ASW Travel Survey, April 2019 * ASW community with a LEISURE HOTE
Slide 17: North Island Now Under ASW Management
NORTH ISLAND NOW UNDER ASW MANAGEMENT ASW HOSPITALITY TOOK OVER MANAGEMENT OF ICONIC NORTH ISLAND RESORT Oc ASMALLWORLD © north island HOSPITALITY SEYCHELLES * Founded ASW HOSPITALITY in February as hotel management company, running the hotel operations for the owner * Iconic NORTH ISLAND resort in
Slide 18: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ¢ SUBSCRIPTIONS SEGMENT ° SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK G ASMALLWoRLD
Slide 19: Income Statement H1 2019
INCOME STATEMENT H1 2019 STRONG GROWTH AND SIGNIFICANTLY IMPROVED PROFITABILITY NET SALES. 3,904.0 5,651.4 45% 2.4124 A781 26% * SALES INCREASED BY 45% due to 41674-46875 an ipti aye “EBA ex robust growth in Subscriptions segment 44960 45569 4% ; EBITDA 4419.5 Sead N/A PERSONNEL EXPENSES increased d
Slide 20: Balance Sheet H1 2019 — Part 1
BALANCE SHEET H1 2019 — PART 1 NO MAJOR CHANGES IN THE COMPANY’S BALANCE SHEET In CHF ‘000 CASH RECEIVABLES FROM SERVICES OTHER SHORT-TERM RECEIVABLES PREPAYMENTS AND ACCRUED INCOME TOTAL CURRENT ASSETS TANGIBLE FIXED ASSETS FINANCIAL ASSETS INTANGIBLE ASSETS TOTAL NON-CURRENT ASSETS TOTAL ASSETS H1
Slide 21: Balance Sheet H1 2019 — Part 2
Ez BALANCE SHEET H1 2019 — PART 2 NO MAJOR CHANGES IN THE COMPANY’S BALANCE SHEET * OTHER SHORT-TERM LIABILITIES In CHF ‘OOO = obligations from FC&M acquisition nso 72 42748 43153 * ACCRUED LIABILITIES decreased slightly “e893 due to reduced travel activity during 36055 30209 transition period TOTAL
Slide 22: Cash Flow Statement H1 2019 — Part 1
Ez CASH FLOW STATEMENT H1 2019 — PART 1 IMPROVED OPERATING CASH FLOW In CHF ‘000 H1 2018 H1 2019 NET RESULT 41,868 337 DEPRECIATION OF TANGIBLE FIXED ASSETS 15 23 AMORTIZATION OF INTANGIBLE ASSETS 402 356 INCREASE OF PROVISIONS THAT DO NOT AFFECT THE FUND. OTHER EXPENSE/ INCOME THAT DO NOT AFFECT TH
Slide 23: Cash Flow Statement H1 2019 — Part 2
CASH FLOW STATEMENT H1 2019 — PART 2 STRONG FINANCING ACTIVITIES IN 2018 DUE TO CAPITAL INCREASES In CHF ‘O00 H1 201 H1 2019 INFLOWS FROM CAPITAL INCREASE (INCLUDING AGIO, DEDUCTING CAPITAL 9,409 0 TRANSACTION COST) pes VANCEARELAUMENT OBS ICEGIERA 14104 6 * Cash flow from FINANCING ACTIVITY FINANCI
Slide 24: Agenda
AGENDA °* OVERVIEW OF H1 PERFORMANCE ° SUBSCRIPTIONS SEGMENT ¢ SERVICES SEGMENT * CONSOLIDATED FINANCIALS * OUTLOOK G ASMALLWoRLD
Slide 25: Operational Priorities for H2
OPERATIONAL PRIORITIES FOR H2 WE WILL EXPAND OUR TRAVEL & LIFESTYLE OFFERING AND IMPROVE OUR TECH SETUP TO DRIVE GROWTH * Develop and integrate ONLINE HOTEL BOOKING into ASW environment to offer online hotel bookings to member and non-members before the end of the year * Launch paid memberships for
Slide 26: We Reiterate Our 2019 Full Year Guidance
WE REITERATE OUR 2019 FULL YEAR GUIDANCE WE MAINTAIN OUR PREVIOUS GUIDANCE FOR REVENUE AND MEMBERS REVENUE MEMBERS ¢ MEMBERS stood at 54’900 by 12.0-12.5M 56-58k end of June; on track to reach year-end target of 56-58’000 478k 8.8M ¢ SALES grew by 45% to CHF 5.7M 28.5k for first half of year; on tra
Slide 27: ASMALLWORLD AG
€) ASMALLWORLD ASMALLWORLD AG Bellerivestrasse 241 8008 Zirich, Switzerland info@asmallworldag.com www.asmallworldag.com | www.asw.com