Slide 1: Strong growth and high profitability in challenging environment
Strong growth and high profitability in challenging environment flatexDEGIRO AG | 13 July 2022
Slide 2: Highlights Q2/2022
Highlights Q2/2022 → Industry-leading customer growth → Stable revenues due to inceased monetisation → High profitability and cash generation → Continuing our strong push for market share
Slide 3: Industry-leading Customer Growth
Industry-leading Customer Growth
Slide 4: Customer growth in-line with full year guidance..
Customer growth in-line with full year guidance.. Additional customer accounts in k 371 H1 2022: +282 185 161 141 120 97 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 4
Slide 5: ..and H1 growth ~ 50% over combined peers
..and H1 growth ~ 50% over combined peers 282 -27 -21 226 -9 Core 160 148 140 120 80 Avanza 100 Growth 80 60 26 Fineco 40 20 42 Nordnet Research 0 Peer net customer growth → Q2 2022 Preliminary results | 13 July 2022 | Page 5
Slide 6: Strong customer wins in all markets
Strong customer wins in all markets → Q2 2022 Preliminary results | 13 July 2022 | Page 6
Slide 7: Normalised trading activity
Normalised trading activity
Slide 8: Challenging market environment affects trading..
Challenging market environment affects trading.. 40 Settled transactions in m 35 33.6 H1 2022: 38.1 30 25 21.9 19.4 19.8 20 18.2 16.2 15 10 5 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 8
Slide 9: .. across the whole industry..
.. across the whole industry.. Average number of transactions per customer account (annualised) 50 46 45 46 43 43 42 40 41 41 40 35 37 35 34 32 30 31 29 flatexDEGIRO 25 Avanza 23 20 Nordnet Q2/2021 Q3/2021 Q4/2021 Q1/2022 Q2/2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 9
Slide 10: ..resulting in normalised trading levels after peak year 2020 & Q1/2021
..resulting in normalised trading levels after peak year 2020 & Q1/2021. Transactions per customer account per quarter (excl. CFD/Options/Futures/FX) → Q2 2022 Preliminary results | 13 July 2022 | Page 10
Slide 11: Activity of our customers remains very healthy
Activity of our customers remains very healthy Customer activity per quarter Trades per active customer account / quarter 45 Customer activity per quarter 40 60% 1.000.000 35 30 900.000 25 50% 20 800.000 15 700.000 10 40% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 600.000 2019 2019 2019 2019 2020 202
Slide 12: Stable Revenues due to increased monetisation
Stable Revenues due to increased monetisation
Slide 13: H1 Revenue per Trade increased by 24% y-o-y..
H1 Revenue per Trade increased by 24% y-o-y.. € 5.39 € 5.31* € 4.59 € 4.41 € 4.27 € 4.02 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 € 4.02 € 4.70 € 4.83 € 5.22 € 5.39 € 5.20* in Q1 2021 in Q2 2021 in Q3 2021 in Q4 2021 in Q1 2022 in Q2 2022 * excluding € 7.3 million of revenues resuling from th
Slide 14: ..resulting in stable and sustainable revenues.
..resulting in stable and sustainable revenues. Revenues in € m H1 2022: 150 400 134.9 209.6 375 130 350 118.1 325 110 103.4 300 91.2 88.1 91.6 275 90 250 225 70 200 175 50 150 125 30 100 75 10 50 25 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 -10 0 → Q2 2022 Preliminary results | 13 July 2022 |
Slide 15: Efficiency Indicators
Efficiency Indicators Revenue 150 Margin 1 Revenues (in bps) (in EUR m) 417.6 419.3 339.8 140 130 127 132.0 120 2019 2020 2021 H1 2022 (flatex only) (pro forma) (annualised) 110 110 Assets under Custody (in EUR bn) 43.9 100 103 102 38.0 31.8 90 14.6 80 2019 2020 2021 H1 2022 (flatex only) (pro forma
Slide 16: Strong increase in EBITDA impacted by provisions
Strong increase in EBITDA impacted by provisions EBITDA in € m H1 2022: 65 89.1 56.5 55 51.7 45 37.4 35 30.1 28.8 25 15 5 -3.3 -5 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 16
Slide 17: Solid Adj. EBITDA despite increased marketing spent
Solid Adj. EBITDA despite increased marketing spent 90 Adj. EBITDA in € m H1 2022: 80 81.8 73.1 70 60 54.5 50 38.5 40 34.6 31.0 30 27.3 20 10 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 17
Slide 18: High Adj. EBITDA Margin pre Marketing maintained
High Adj. EBITDA Margin pre Marketing maintained 100 Adj. EBITDA pre Marketing in € m H1 2022:100,0% 90 81.9 112.8 / 55.7% 90,0% 80 72.9 70 80,0% 60 70,0% 49.3 48.4 50 61.7% 60.7% 43.7 39.9 60,0% 40 30 50,0% 20 47.9% 47.3% 40,0% 10 0 30,0% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Pr
Slide 19: Rising brand awareness across all key markets
Rising brand awareness across all key markets Aided brand awareness 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 0 France 1 Italy 2 Spain 3 Germany 4 Portugal 5 Netherlands 6 Austria 7 8 Q4 2021 Q1 2022 Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 19
Slide 20: Q2 2022 Preliminary results
→ Q2 2022 Preliminary results | 13 July 2022 | Page 20
Slide 21: Strong growth and high profitability in challenging environment
Strong growth and high profitability in challenging environment flatexDEGIRO AG | 13 July 2022
Slide 22: Contact
Contact Achim Schreck flatexDEGIRO AG Head of IR and Corporate Communications Omniturm, Große Gallusstraße 16-18 60312 Frankfurt/Main, Germany Mobile +49 160 92774570 Phone +49 69 450001 1700 Mail: achim.schreck@flatexdegiro.com www.flatexdegiro.com
Slide 23: Key figures H1 & Q2 2022
Key figures H1 & Q2 2022 → Q2 2022 Preliminary results | 13 July 2022 | Page 23