Scout24 Se · XETR:G24
Scout24 — Merger or Acquisition (July 2018)
16 slides from Scout24's merger presentation, Jul 18, 2018
Slide 1: Acquisition of FFG FINANZCHECK Finanzportale GmbH (FINANZCHECK.de)
Acquisition of FFG FINANZCHECK Finanzportale GmbH (“FINANZCHECK.de”) www.scout24.com Munich/Berlin/Hamburg | 18/07/2018
Slide 2: Disclaimer
Disclaimer This document has been issued by Scout24 AG (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: Great Strategic Fit
Great Strategic Fit FINANZCHECK.DE COMPLEMENTS OUR CORE BUSINESSES AND EXPANDS OUR CONSUMER SERVICES BUSINESS Property Mortgage Moving Renovation / Switch seekers 1m users 1m users Facilities / Phone / 20m Kitchen Electricity Consumers often Consumer use financing for journey such activities € % New
Slide 4: Takes our Consumer Services Business to the Next Level
Takes our Consumer Services Business to the Next Level Mid-term revenue outlook (in €) 250m+ 100m+ • FINANZCHECK.de to transform the Consumer Services business • To boost growth through + revenue contribution as well as Current outlook synergies Revised outlook 4 Acquisition of FINANZCHECK.de
Slide 5: Transaction Highlights
Transaction Highlights • Consideration of €285m on a cash-free, debt-free basis Consideration • Represents a multiple of 6.8x revenues for FINANZCHECK.de (2018E)1 • Management incentive plan linked to revenue and ooEBITDA development until 2021 • Funding via credit facility Financing • Net debt/ordi
Slide 6: Business Overview
Business Overview • Proprietary consumer financing technology platform in Germany • Top 3 market position in German OPC1 nearly on par with no. 2 player Smava • Compares >70 consumer loan products with direct integration in finance providers' IT infrastructures and best-in-class technology to cover
Slide 7: Business Model
Business Model AN INTEGRATED TWO-SIDED MARKETPLACE BENEFICIAL FOR CONSUMERS AND PARTNERS Consumer centric interface and lender integration Mobile device Online Online Credit technology identification signature scoring Consumers Data and analytics for interest rates prediction and loan matching Partn
Slide 8: Strong Secular Tailwinds Driving Superior Growth
Strong Secular Tailwinds Driving Superior Growth Newly issued consumer loans (€bn)1 Healthy • Growth driven by increasing loan value 4.9% 9.4% underlying • Many borrowers have multiple loans 85 108 71 market • Loans mostly used for cars, home improvement, fundamentals overdraft balancing, and consum
Slide 9: A Unique Opportunity to Accelerate our Strategy and Capture the Full Potential of our Core Marketplaces
A Unique Opportunity to Accelerate our Strategy and Capture the Full Potential of our Core Marketplaces… Creating a transparent market environment in the real estate and car market Complementing offering with relevant services along the lifecycle, providing more value to consumers Taking an active p
Slide 10: … Allowing us to Enhance the Proposition to our Customer Base
… Allowing us to Enhance the Proposition to our Customer Base 1 2 3 Integration of online financing into Opportunity to further build on Significantly scale up B2B AutoScout24 helps address a clear and existing partnership between offering current consumer and customer need two firms Revenue contrib
Slide 11: Creating a €100m+ Business… to make it a €250m business in the mid-term
Creating a €100m+ Business… Business TODAY (2018E) TOMORROW (2023E) Revenues 42 (in €m) 87 36 ooEBITDA- ~36% (14%) Well above 30% Margin1 1 + … to make it a €250m business in the mid-term 11 1 €36m representing revenue contribution of acquisition, excluding revenues of Scout24 with FINANZCHECK.de, a
Slide 12: We are in a Unique Position
We are in a Unique Position Transaction Capability to drive transactions and increase network effects First party data Scoring and matching capabilities Ability to get deeper into Strong innovation power the value chain High industry expertise Reknown partner in the industry Large engaged consumer b
Slide 13: We Have Clear Priorities for Cash
We Have Clear Priorities for Cash Re-invest in growth Acquisition to boost consumer services growth to become a €250m+ revenue business in the mid-term Return cash to shareholders Dividend pay-out ratio of 30.0% to 50.0% of adjusted net income over time to be maintained Repay debt Net debt/ordinary
Slide 14: Outlook Full Year 2018
Outlook Full Year 2018 Revenue ordinary operating EBITDA margin ImmobilienScout24 4.0% to 6.0% growth ImmobilienScout24 At least 68.0% AutoScout24 At least €180.5m AutoScout24 Around 52.0% Increase by at least one Scout24 Consumer Services Around €87.0m Scout24 Consumer Services percentage point Sco
Slide 15: Q&A
Q&A page 15
Slide 16: IR Contact details and financial calendar
IR Contact details and financial calendar Financial Calendar (expected) Full year report 2017 report.scout24.com/2017 Monday Half Year Report 2018 13 August 2018 CSR Report Wednesday Interim Report Q3 2018 csrbericht.scout24.com/en 7 November 2018 http://www.scout24.com/en/Investor-Relations.aspx In