Smartbroker Holding Ag · XETR:SB1
Smartbroker — wallstreet:online — FY2021 Earnings Presentation
14 slides from Smartbroker's earnings presentation, Jul 1, 2022
Slide 1: Results Presentation FY2021 Financials & Outlook 2022
Results Presentation FY2021 Financials & Outlook 2022
Slide 2: Disclaimer
2 Disclaimer This presentation has been prepared by wallstreet:online AG (“wallstreet:online”) and comprises the written materials/slides for a presentation concerning wallstreet:online, its group companies and the product Smartbroker. By attending this presentation and/or reviewing the slides you a
Slide 3: Redefining Digital Investing
3 Redefining Digital Investing Unique Combination of Digital Brokerage & Relevant Financial Information Media Transaction: Smartbroker The largest publisher-independent financial portal operator The largest neo broker operator by assets under Host of the largest custody in Germany finance community
Slide 4: 2021 Financial Statements
4 2021 Financial Statements Basis of Preparation ▪ Consolidated and Single-Entity Accounts based on German HGB ▪ Unqualified audit opinions received from EY ▪ Main audit activities were conducted by EY during March to May 2022 ▪ Key audit areas: audit of wallstreet:online capital AG (by KPMG), initi
Slide 5: 2021 Pro Forma Revenue Split & Operational KPIs
5 2021 Pro Forma Revenue Split & Operational KPIs Brokerage expanding share to over 30% in €m 2021 2020 Change in % Revenue 51.4 28.2 +82% thereof Media 35.5 26.9 +32% thereof Transaction 15.9 1.3 n/a 2021 2020 Change in % Brokerage accounts (in k) 246 117 +110% Assets under custody (in €bn) 8.8 4.3
Slide 6: 2021 Pro Forma Expenses
6 2021 Pro Forma Expenses Marketing and Personnel are main cost drivers – to expand and support business in €m 2021 2020 Change in % Revenue 51.4 28.2 +82% Other Operating Income 0.9 0.3 +200% Data & IT Costs (8.9) (5.4) +67% Marketing (15.4) (8.1) +90% Personnel (15.8) (8.0) +97% Other (7.7) (2.5)
Slide 7: 2021 Consolidated Profit & Loss Highlights (HGB)
7 2021 Consolidated Profit & Loss Highlights (HGB) Increased Investment – Laying the Foundations for Future Expected Growth in €m 2021 2020 Change in % Revenue 48.2 28.2 +71% Cost of Sales (25.9) (13.5) +92% Personnel Expenses (12.6) (8.0) +58% Depreciation (3.2) (2.5) +28% EBIT 0.3 2.0 (85%) Profit
Slide 8: 2021 Consolidated Cash Flow (HGB)
8 2021 Consolidated Cash Flow (HGB) Expansion of client acquisition cost for Smartbroker underlining strategic focus 2021 2020 Change in % in €m Operational EBITDA 4.4 4.5 (2%) Change in Working Capital 10.4 (3.7) n/a Capital Expenditure (18.9) (0.5) n/a Operating Cash Flow 13.9 1.2 n/a of which Sma
Slide 9: 2021 Consolidated Balance Sheet (HGB)
9 2021 Consolidated Balance Sheet (HGB) Cash and equity respectively represent 33% and 66% of balance sheet total Assets Equity & Liabilities in €m 31.12.2021 31.12.2020 % of total in €m 31.12.2021 31.12.2020 % of total Fixed Assets 40.6 28.8 54% Equity 49.5 30.2 64% Intangible Assets 37.5 20.5 50%
Slide 10: 2022 Financial and Operational Guidance
10 2022 Financial and Operational Guidance Focusing on the Launch of Smartbroker 2.0 2022F in €m Revenue 62.0 – 67.0 ▪ Expect to launch Smartbroker 2.0 in H2 2022 thereof Media 35.0 – 38.0 ▪ Expect to add 55k new brokerage accounts in 2022 → thereof Transaction 27.0 – 29.0 ▪ 300k brokerage accounts
Slide 11: Smartbroker 2.0
11 Smartbroker 2.0 Brand New Customer Experience & State-of-the-Art Functionality ▪ Smartbroker 2.0 to be launched in H2 2022 ▪ Faster service ▪ New products: e. g. selection of crypto currencies ▪ Smartbroker Cloud Platform ▪ Integrated customer data and content platform ▪ New client groups ▪ Digit
Slide 12: Our Growth Cycle
12 Our Growth Cycle Long-term Value Creation for Our Clients and Our Shareholders Offering best-in- class online broker & pricing 45% 110% Brokerage accounts Op. EBITDA growth Funding our Gaining Optimized growth growth market SB 2.0 strategy & share business model product among €20m 105% driving re
Slide 13: Investing into Two Main Trends at the Heart of the Digital Transformation
13 ▪ Unique Target Operating Model ▪ Strong Operational and Financial Momentum ▪ EUR 7 Trillion (7 x 1012) Market Growing at 6% p.a. for the Brokerage Business Alone ▪ Best Positioned for Material Market Share Gain Investing into ▪ Well-defined Product Roadmap to Monetise Two Main Trends Opportuniti
Slide 14: wallstreet:online AG contact
14 wallstreet:online AG Ritterstr. 11 | 10969 Berlin ir@wallstreet-online.de About | The wallstreet:online Group operates Smartbroker - a multiple award-winning online broker, which is the only provider in Germany to combine the extensive product range of traditional brokers with the extremely favou