Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q3 2010 Earnings Presentation
16 slides from Moltiply's earnings presentation, Nov 15, 2010
Slide 1: Gruppo MutuiOnline Third Quarter 2010 Results
Gruppo MutuiOnline Third Quarter 2010 Results 15th November 2010
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 •Group Chairman Chairman and and Head Head of of Broking Broking Division Division •Founder •Founder and and key key shareholder shareholder (16.25% (16.25% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Background •Background in in consulting cons
Slide 4: Share performance 6th June 2007 (IPO date) – 11th November 2010
gi u/ 0 0 100 200 300 400 500 600 700 800 900 1.000 lu 7 g/ ag 0 7 o/ 07 ot t/ 0 no 7 v/ 0 ge 7 n/ 08 fe b/ 0 m 8 ar /0 m 8 ag /0 gi 8 u/ 0 lu 8 g/ 08 se t/ 08 ot t/ 0 di 8 c/ 08 ge n/ 0 fe 9 b/ 09 ap r/ Volumes ('000 shares) m 09 ag /0 lu 9 g/ ag 0 9 o/ 09 se Price t/ 0 no 9 v/ 0 di 9 c/ 0 fe 9 b/
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 11th November 2010* Treasury shares; 4,28% Free float ; 22,03% Alma Vent ures**; 32,50% Invest ment akt iengesellsc haft fur TGV; 2,01% 360 Capit al One; 2,60% Parvus Asset St efano Rossini; 4,32% Management (UK) LLP; 10,34% Algebris Invest
Slide 6: Business portfolio
Business portfolio Broking Broking BPO BPO DIVISION DIVISION 2009: 2009: Rev. Rev. €€ 31.7m 31.7m EBIT EBIT €€ 20.0m 20.0m 2009: 2009: Rev. Rev. €€ 16.2m 16.2m EBIT EBIT €€ 1.5m 1.5m 9M 9M 2010: 2010: Rev. Rev. €€ 21,4m 21,4m EBIT EBIT €€ 13,6m 13,6m 9M 9M 2010: 2010: Rev. Rev. €€ 13,2m 13,2m EBIT E
Slide 7: Q3 highlights
Q3 highlights Revenues EBIT (€m) (€m) 8 18 6 4,7 Y-o-Y -14.9% 4,0 4 16 2 14 0 12 10,6 Y-o-Y 11,0 +3.8% Q3 09 Q3 10 10 EBIT EBIT margin margin 44% 44% 36% 36% 8 6 Net Income* (€m) 4 8 2 6 0 4 3,1 Y-o-Y Q3 09 Q3 10 -12.9% 2,7 2 0 Q3 09 Q3 10 NI NI margin margin 29% 29% 25% 25% * Attributable to the sh
Slide 8: Q3 segment reporting
Q3 segment reporting Revenues EBIT (€m) (€m) 8 15 6 4,7 Y-o-Y -8.5% 4,3 Y-o-Y 10,8 4 Y-o-Y 12 10,6 4,7 3,6 +1.9% -23.4% 2 0.7 Y-o-Y 9 0 +14,320% 7,0 Y-o-Y 6,2 -11.4% Q3 09 (a) Q3 10 (a) 6 Broking Division BPO Division 3 EBIT margin 4,6 Y-o-Y 3,6 +27,8% 0 Q3 Q3 2009 2009 2009 2009 Q3 Q3 2010 2010 Q3
Slide 9: 9M highlights
9M highlights Revenues EBIT (€m) (€m) 18 14.9 Y-o-Y -3.4% 14.4 15 40 35.0 12 Y-o-Y 34.3 +2% 9 35 6 3 30 0 25 9M 09 9M 10 EBIT EBIT margin margin 43% 43% 41% 41% 20 15 Net Income* 10 (€m) 5 12 10.4 Y-o-Y -2.9% 10.1 0 8 9M 09 9M 10 4 0 9M 09 9M 10 NI NI margin margin 30% 30% 29% 29% * Attributable to
Slide 10: 9M segment reporting
9M segment reporting Revenues EBIT (€m) (€m) 18 Y-o-Y 15,4 14,9 +3.4% 15 40 12 13,9 Y-o-Y 34,6 34,2 +1.2% 13,6 Y-o-Y 9 -2.2% 35 6 3 Y-o-Y 30 1,0 1,8 +80% 0 25 22,5 21,4 Y-o-Y 9M 09 (a) 9M 10 (a) -4.9% 20 Broking Division BPO Division 15 10 EBIT margin 13,2 Y-o-Y 11,7 +12.8% 5 9M 9M 2009 2009 2009 20
Slide 11: Broking Division business update
Broking Division business update In In Q3 Q3 2010, 2010, the the revenues revenues of of the the Broking Broking Division Division decreased decreased when when compared compared to to Q3 Q3 2009, 2009, mainly mainly due due to a revenue contraction in the MutuiOnline Business Line, caused by the we
Slide 12: BPO Division business update
BPO Division business update During During Q3 Q3 2010 2010 the the results results of of the the BPO BPO Division Division confirmed confirmed management management expectations, expectations, showing showing an an increase increase compared compared to to Q3 Q3 2009. 2009. The The increase increase
Slide 13: Evolution of the regulatory framework
Evolution of the regulatory framework The The law law implements implements the the European European Consumer Consumer Credit Credit Directive Directive and and among among other other things, things, amends amends the regulation of credit intermediaries. The fundamental changes in the regulatory f
Slide 14: Appendix
iz.) = MutuiOn Appendix a
Slide 15: Quarterly Profit & loss
Quarterly Profit & loss (€000) (€000) Q3 Q3 2010 2010 Q2 Q2 2010 2010 Q1 Q1 2010 2010 Q4 Q4 2009 2009 Q3 Q3 2009 2009 Revenues 11.031 12.562 11.386 13.590 10.618 Other income 121 171 159 145 110 Capitalization of internal costs 78 103 77 101 76 Services costs (3.488) (3.263) (2.738) (3.000) (2.800)
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