Slide 1: Q2/H1 2026 Results Presentation
o ck i n g U n l i a l o t e nt new P Q2/H1 2026 Results Presentation 6 August 2026
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer or invitation to sell or issue securities of the Company, nor should it be construed as an offer or invitation to purchase or subscribe for securities of the Company, nor should any part of it or the fact of its distribution be construed as p
Slide 3: Business & Market Update
Business & Market Update 3 Q2/H1 2026 Results | August 2026
Slide 4: Q2/H1 2026 Highlights
Q2/H1 2026 Excellent 2Q 2026: 20% revenue growth, double digit organic revenue growth and organic margin expansion Highlights B2B subscription business continues to deliver industry- leading mid-teens revenue growth B2C subscription growth accelerated both sequentially and YoY Growth Q2 2026 year-on
Slide 5: B2B customer growth in GER remains strong while B2C momentum continues to build
B2B customer growth in GER remains strong while B2C momentum continues to build Avg. number of Avg. number of 522k at the professional customers (GER) private customers end of June 24.7 517.7 506.9 23.9 444.8 22.5 357.9 21.8 21.1 304.0 in k in k 2022 2023 2024 2025 Q2/2026 2022 2023 2024 2025 Q2/202
Slide 6: Platform relevance and grey market product initiatives driving listings momentum
Platform relevance and grey market product initiatives driving listings momentum 175 167 150 125 Scout24 Transaction 100 Momentum1 and 89 Listings2 Index 75 50 2020 2021 2022 2023 2024 2025 2026 Baseline Transaction Index Listings Index 200 146 150 118 100 Contact request 50 to agents3 0 2020 2021 2
Slide 7: Integrating Scout24 into customers' daily workflows strengthens customer relationships
Integrating Scout24 into customers' daily workflows strengthens customer relationships and makes our business more resilient across market cycles. Housing Completions in Germany (k) 400 declining ↓ 300 STRUCTURAL HEADWINDS 200 100 High interest costs 0 2021 2022 2023 2024 2025 2026e Housing Completi
Slide 8: AI search continues to accelerate across ImmoScout24, strengthening our intelligence flywheel
AI search continues to accelerate across ImmoScout24, strengthening our intelligence flywheel Total AI Search Actions on IS241 • AI search actions up 47x y-o-y to 3.3m in June 2026 3.3 in m • External LLM traffic remains de minimis • AI users more engaged (c. +260%), efficient and generate higher qu
Slide 9: B2C Subscriptions: AI creating a clear upsell path to the highest subscription tier
B2C Subscriptions: AI is already creating a clear upsell path to the highest subscription tier, supporting higher ARPU Price per month in EUR1 13 EUR 18 EUR 30 EUR Increased uptake of unlimited since launch of AI Assistant Standard Pro Unlimited (+100%) AI products driving higher ARPU & monetisation
Slide 10: B2B: AI drives customer growth and monetisation across our professional eco-system
B2B: AI drives customer growth and monetisation across our professional eco-system with migration from legacy memberships providing further upside AI is now integrated into B2B membership Propstack AI: Bringing Agentic AI into ImmoPoints are becoming the usage → potential from legacy migration every
Slide 11: CMD2026: Putting the opportunity in perspective
CMD2026: Putting the opportunity in perspective CMD 2024: Interconnectivity CMD 2026: Agentic OS Product Innovation Accelerating innovation cycles Innovation cycles faster than ever AI embedded across products, AI Product Integration AI search emerging workflows and transactions Agentic OS expands E
Slide 12: Financial Update
Financial Update 12 Q2/H1 2026 Results | August 2026
Slide 13: Financial Metrics Dashboard
Financial Metrics Dashboard Revenue (EUR m) ooEBITDA (EUR m) +20.0 % +17.0 % +14.1 % +14.6 % 372.2 192.7 318.2 160.6 101.7 116.0 195.4 223.9 ooEBITDA margin (%) 63.3 % -3.1pp 60.2 % 61.4 % -1.3pp 60.1 % Q2 2025 Q2 2026 H1 2025 H1 2026 Q2 2025 Q2 2026 H1 2025 H1 2026 adjusted EPS (EUR) Operating cash
Slide 14: Professional: Product innovation continues to drive industry leading recurring growth
Professional: Product innovation continues to drive industry leading recurring growth Industry-leading mid-teens subscription growth reflects the strength of our product- and EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change innovation-first approach Professional revenue 144.0 115.7 +24.5% 277.6 2
Slide 15: Private segment: Product innovation is accelerating subscriber growth
Private segment: Product innovation is accelerating subscriber growth Subscription growth accelerated EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change both sequentially and year-on- year, driven by continued adoption Private revenue 48.7 44.9 +8.4% 94.6 87.2 +8.6% of SearchPlus and LivingPlus Sub
Slide 16: Strong organic margin expansion highlights inherent strength of our operating model
Strong organic margin expansion highlights inherent H1 2026 organic cost base increased strength of our operating model only 6.4%, well below 10.5% organic revenue growth EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Personnel costs continue to decline Revenue 192.7 160.6 +20.0% 372.2 318.2 +1
Slide 17: Strong adjusted EPS growth of 19% in H1 2026
Strong adjusted EPS growth of 19% in H1 2026 Adjusted EPS increased by 19%, EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change outpacing revenue growth despite ooEBITDA 116.0 101.7 +14.1% 223.9 195.4 +14.6% the consolidation of Spain Non-operating effects -15.0 -27.8 +46.0 % -10.5 -35.6 +70.5 % Str
Slide 18: Lower share-based compensation and M&A expenses improve non-operating effects
Lower share-based compensation and M&A expenses improve non-operating effects Share-based compensation was significantly lower year-on-year, reflecting a positive provision release in Q1 that largely offset the Q2 charge, resulting in a near- EUR 1.87 EUR 1.97 neutral H1 impact. Reported EPS Adjuste
Slide 19: Building on the foundations laid at CMD 2024, Scout24 is entering an even stronger phase
Building on the foundations laid at CMD 2024, Scout24 is entering an even stronger phase of value creation CMD 2024 CMD 2026 – 2028 Progressing towards Scaling industry-leading B2B Memberships best-in-class double-digit growth Building the Expanding monetisation B2C Subscriptions subscription journe
Slide 20: Underlying cash generation remains strong despite higher LTIP cash outflows
Underlying cash generation remains strong despite higher LTIP cash outflows thereof € 25.4m 28.1 LTIP (EUR m) 131.7 -20.5 -6.5 100.6 -30.0 -2.3 Net income D&A Capitalised assets & IFRS Tax payment timing Changes working capital Net financial result Free cash flow 16 leasing 1 effects & provisions 1
Slide 21: Balance sheet remains strong while supporting shareholder returns and strategic M&A
Balance sheet remains strong while supporting shareholder returns and strategic M&A Leverage Leverage increase driven by shareholder 0.99 returns and strategic M&A 0.76 0.55 0.47 0.53 0.40 0.42 0.38 0.36 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 100.6 Leverage = Net Deb
Slide 22: Guidance 2026 confirmed
Guidance 2026 confirmed revenue growth of 16-18% 6-7 thereof Spain / M&A percentage points ooEBITDA margin up to 61% organic ooEBITDA margin up to 64% 22 Q2/H1 2026 Results | August 2026
Slide 23: Q&A
Q&A 23 Q2/H1 2026 Results | August 2026
Slide 24: Q3/9M 2026 results – November 2026
Q3/9M 2026 results – 4 November 2026 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com
Slide 25: Appendix
Appendix H1 2026 H1 2026 y-o-y thereof thereof thereof EUR m H1 2026 organic Spain1 Total organic 2 Total operating cost 160.8 141.4 19.4 -21.0% -6.4% Personnel Costs 62.9 55.3 7.6 -9.7 % +3.5 % Marketing 33.5 27.7 5.8 -43.7 % -18.9 % IT Costs 14.8 12.1 2.7 -32.7 % -8.4 % Purchasing Costs 25.8 25.0