Scout24 SE · XETR:G24
Scout24 — Shareholder Meeting (June 2022)
23 slides from Scout24's shareholder meeting presentation, Jun 30, 2022
Slide 1: Moving to the next level
Moving to the next level Scout24 SE Annual General Meeting | 30 June 2022
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: General procedure of the virtual Annual General Meeting 2022
Report of the Supervisory Board Report on the past financial year and General review of the current year 2022 procedure CEO Tobias Hartmann CFO Dr Dirk Schmelzer of the Answering questions virtual Annual General Voting Meeting 2022 3 Annual General Meeting 2022
Slide 4: Virtual Annual General Meeting agenda items 1-8
Virtual Annual General Meeting TOP 1 - Presentation of the annual financial statements of Scout24 SE of Scout24 SE TOP 2 - Resolution on the distributable profit for 2021 on 30 June 2022 TOP 3 - Approval of the acts of the members of the Management Board for 2021 TOP 4 - Approval of the acts of the
Slide 5: Report of the Management Board
Report of the Management Board 5 Annual General Meeting 2022
Slide 6: The topic of housing is facing ever greater challenges
The topic of housing is facing ever greater challenges* Even in the countryside, houses are The questionable promise becoming more expensive More expensive living of 400,000 new apartments 16.05.2021 23.05.2021 26 percent per year goes on rent Costs of the energy transition 04.06.2021 Ways out of th
Slide 7: In this environment, Scout24 achieved a successful annual result
In this environment, Scout24 achieved a successful annual result... +10% Group revenue +5% +23% Ordinary operating EBITDA Adjusted earnings per share (2021: € 389.0m) (2021: € 222.8m) (2021: € 1.52) 7 Annual General Meeting 2022
Slide 8: ...and further expanded its influence in the market
...and further expanded its influence in the market + 3.5% Professional customers (as of 31 Dec 2021: 20,711) + 76% Private customers (as of 31 Dec 2021: 204.000) 20.1m Monthly users1 on the platform 101.8m ImmoScout24.de monthly sessions2 1 Unique monthly visitors on ImmoScout24.de (average of the
Slide 9: For over two decades, Scout24 has become a digital champion
For over two decades, Scout24 has become a digital champion and created significant value for customers and shareholders ImmoScout24 Revenue Development in changing Real Estate Market ImmoScout24 revenue €m Reflecting strong market position with superior brand perception 389 400 350 354 350 Defining
Slide 10: Moving closer to the transaction will be the key growth driver
Moving closer to the transaction will be THE key growth driver for Scout24 Real estate classifieds remain an essential foundation of our core business, which we Object will continue to strengthen in the future Customers At the same time, we are investing in our (Professional & Private) growth produc
Slide 11: Both customer groups are becoming increasingly digitized
Both customer groups are becoming increasingly digitized with more transactions initiated through online channels such as ImmoScout24 Younger buyers Digital Agents Average age of the buyers Share of transactions originated will decrease by 4% by 2025. Small Agents digitally will increase from 4% in
Slide 12: The growth potential is enormous in an addressable market of around 11 billion euros
The growth potential is enormous in an addressable market with a volume of around 11 billion euros Online Classified’s TAM: Based €11bn+ Total addressable market based completely on Agent on our growth strategy Marketing* with transaction focus €1bn *) We assume 12% marketing spend (of total commiss
Slide 13: Financial results Full year 2021 and Q1 2022
Financial results Full year 2021 and Q1 2022 13 Annual General Meeting 2022
Slide 14: We fully met our guidance in 2021
We fully met our guidance in 2021 - thanks to double-digit growth in the Residential Real Estate segment 57.3% +10.0% 60.0% 389.0 59.5% 353.8 63.2% +13.8% 288.4 Thereof: 253.4 Residential Real Estate Partners: €199.8m (+13.4%) Consumers: €88.5m (+14.7%) Revenue (€ million) 72.0% 71.2% -0.3% 33.9% 38
Slide 15: We adjusted our segment structure to core customer groups
In 2021, we decided to adjust our segment structure with regard to our core customer groups 57.3% +10.0% 60.0% 389.0 353.8 64.3% +10.3% 262.7 238.2 Revenue (€ million) 45.6% +12.2 % 34.3% 94.6 84.3 +1.4 % 31.3 31.7 Professional Private Media & Other Group FY 2020 FY 2021 % ooEBITDA margin Increase v
Slide 16: Our transaction-based strategy leads to a more diversified revenue structure
Our transaction-based strategy leads to a more broadly diversified revenue structure Breakdown of ImmoScout24 revenue streams (without Austria & FLOWFACT, including IV24 since H2 2020) 4% 2% 2% 9% 11% 3rd Party Media & Other 14% Leads 9% 12% • Seller Leads (RLE and IV24) 15% • Mortgage leads • Reloc
Slide 17: Our cost base for 2021 reflects this modified revenue mix
Our cost base for 2021 reflects this modified revenue mix (€m) FY 2021 FY 2020 +/- Higher capitalisation rate (own work capitalised) mainly Revenues 389.0 353.8 +10.0% driven by developments within Vermietet.de. Own work capitalised 26.6 22.0 +21.1% Personnel costs increased Personnel costs -82.6 -7
Slide 18: Our 2021 net income is characterized by relatively high non-operating effects
Our 2021 net income is characterized by relatively high non-operating effects (€m) FY 2021 FY 2020 +/- Increase in non-operating costs due to higher M&A costs Ordinary operating EBITDA 222.8 212.3 +5.0% and LTIP effects. Non-operating effects 22.0 14.0 +57.1% D&A increase driven by higher Reported E
Slide 19: Our dividend proposal amounts to € 0.85 per share
Our dividend proposal after further share buybacks amounts to € 0.85 per share 2021 2020 Adjusted net income € 133.6m € 137.1m Original proposal of dividend payment € 67.1m € 68.5m Scout24 SE’s dividend policy is Amended proposal of dividend payment € 66.4m € 68.5m to distribute between 30% and Pay-
Slide 20: We distributed ~63% of the AutoScout24 sale proceeds via share buybacks
We distributed ~63% of the proceeds from the AutoScout24 sale to our shareholders via share buybacks ~€ 1.8bn (~63%) € million returned to shareholders ~87% Since April 2020, Scout24 reallocated 2.840 returned ~63% of the net proceeds from the 107 2.464 AS24 sale to shareholders 200 200 via share bu
Slide 21: The strong revenue momentum will continue in Q1 2022
The strong revenue momentum will continue in Q1 2022 54.4% €107.9m +15.1% +15.1% 58.7% 107.9 Group revenue 60.0% 93,8 65.4% +11.8% €58.6m 71.4 +6.5% 63.8 Group ordinary operating EBITDA (54.4% margin) Revenue (€ million) 47.4% 47.7% +27.0% 22.2 28.2 34.9% 29.4% €59.7m +7.5% +8.5% 7,8 8.3 Organic Gro
Slide 22: We are also making great progress in the area of Sustainability
We are also making great progress in the area of Sustainability E S G Environment Social Governance • Reduce carbon footprint to a • Increasing the proportion of women • Sustainability report in accordance minimum by 2024 and achieve carbon and non-binary people in management with German Commercial
Slide 23: Moving to the next level
Moving to the next level Scout24 SE Annual General Meeting 30 June 2022