Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q3 2013 Earnings Presentation
16 slides from Moltiply's earnings presentation, Nov 14, 2013
Slide 1: Gruppo MutuiOnline Third Quarter 2013 Results
Gruppo MutuiOnline Third Quarter 2013 Results 14th November 2013
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 Chairman and Head of Broking Division •Founder and key shareholder (16.25% indirectly through Alma Ventures SA) •Background in consulting (McKinsey) and banking (Morgan Stanley) •Degrees in Electrical Engineering and Computer Science, MBA from MIT Marco Pescarmona •Group CEO
Slide 4: Share performance 6th June 2007 (IPO date) - 12th November 2013
Share performance 6th June 2007 (IPO date) - 12th November 2013 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% -40% -45% -50% -55% -60% -65% -70% MOL Total Return vs. MOL vs.FTSE ITALIA STAR 4
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 14th November 2013* * Share ownership as communicated to the company by relevant investors according to CONSOB regulations; includes all investors above 2% ownership threshold. ** The share capital of Alma Ventures S.A. is owned 50% by Gude
Slide 6: Business portfolio
Business portfolio BROKING Division BPO Division Business Lines Business Lines Multi-brand Multi-brand Multi-brand Multi-brand Employee Insurance broking of broking of broking of Remote Mortgage insurance loan claim mortgages consumer mortgages mortgage underwriting broking underwriting management t
Slide 7: Q3 highlights
Q3 highlights Revenues EBIT (€m) (€m) 1.9 Y-o-Y +1518.3% 12.4 0.1 Y-o-Y +48.7% 8.4 EBIT margin 1% 16% Net Income* (€m) 0.9 Y-o-Y 0.5 +68.3% NI margin 6% 7% * Attributable to the shareholders of the Issuer 7
Slide 8: Q3 Segment reporting
Q3 Segment reporting Revenues EBIT (€m) (€m) 1.9 Y-o-Y 0.5 N/A% Y-o-Y +1518.3% Y-o-Y 12.4 0.1 1.4 +640.6% 0.2 Y-o-Y -0.1 +48.7% Y-o-Y 4.8 +29.3% 8.4 Broking Division BPO Division 3.7 Y-o-Y 7.6 +64.0% EBIT margin 4.7 Q3 2012 2012 Q3 2013 Broking Division -2% 17% 11% BPO Division 4% 3% 19% Broking Div
Slide 9: 9M highlights
9M highlights Revenues EBIT (€m) (€m) 36.8 Y-o-Y 4.2 +45.6% Y-o-Y 2.9 +31.4% 28.0 EBIT margin 10% 12% Net Income* (€m) 2.3 Y-o-Y -18.2% 1.9 NI margin 8% 5% * Attributable to the shareholders of the Issuer 9
Slide 10: 9M Segment reporting
9M Segment reporting Revenues EBIT (€m) (€m) 36.8 Y-o-Y 4.2 Y-o-Y 2.9 +45.6% 1.0 -66.7% Y-o-Y +31.4% Y-o-Y 3.0 3.2 Y-o-Y 28.0 15.0 +14.7% N/A% --0.1 13.0 Broking Division BPO Division Y-o-Y +45.9% 21.8 15.0 EBIT margin 9M 2012 2012 9M2013 Broking Division 23% 17% 7% BPO Division -1% 3% 15% Broking D
Slide 11: Broking Division business update
Broking Division business update •The overall results of the Broking Division represent a continuation of the trends of the Q2 2013. •As regards mortgage broking, in Q3 2013 revenues are up year on year, despite a decrease of applications year on year, mainly due to improvements in closing rates. A
Slide 12: BPO Division business update
BPO Division business update •In Q3 2013, the revenues and the operating margin of the BPO division grow year on year, at a pace similar to that of H1 2013. •As previously announced, however, the performance of Q3 2013 is the sum of two contrasting effects: on one side the Business Lines related to
Slide 13: Appendix
ine po MutuiOnl Grup Appendix
Slide 14: Q3 Profit & loss
Q3 Profit & loss (€000) Q3 2013 Q3 2012 % Var. Rev enues 12,423 8,356 48.7% Other income 255 331 -23.0% Capitalization of internal costs 107 125 -14.4% Serv ice costs (4,566) (4,011) 13.8% Personnel costs (5,399) (3,964) 36.2% Other operating costs (449) (378) 18.8% Depreciation and amortization (42
Slide 15: Quarterly Profit & loss
Quarterly Profit & loss (€000) Q3 2013 Q2 2013 Q1 2013 Q4 2012 Q3 2012 Rev enues 12,423 13,834 10,562 10,434 8,356 Other income 255 158 305 456 331 Capitalization of internal costs 107 139 98 113 125 Serv ice costs (4,566) (4,805) (5,065) (4,459) (4,011) Personnel costs (5,399) (6,119) (4,863) (4,98
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