Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — Q1 2008 Earnings Presentation
15 slides from Moltiply's earnings presentation, May 9, 2008
Slide 1: Gruppo MutuiOnline First Quarter 2008 Results
Gruppo MutuiOnline First Quarter 2008 Results 9th May 2008
Slide 2: Senior management – Members of the Executive Committee
Senior management – Members of the Executive Committee •Group •Group Chairman Chairman and and Head Head of of Broking Broking Division Division •Founder •Founder and and key key shareholder shareholder (16.13% (16.13% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Backgr
Slide 3: Share performance from 6 June 2007 (IPO date) to 8 May 2008
Share performance from 6 June 2007 (IPO date) to 8 May 2008 1.000 6,5 900 6,0 800 5,5 MOL performance vs. ALL STAR index 700 5,0 0,10 600 4,5 0,05 0,00 -0,05 500 4,0 -0,10 -0,15 400 3,5 -0,20 -0,25 -0,30 300 3,0 -0,35 -0,40 200 2,5 -0,45 -0,50 06/06 20/06 04/07 18/07 01/08 16/08 30/08 13/09 27/09 11
Slide 4: Current shareholding structure
Current shareholding structure Shareholding structure as of 29th February 2008* Free Float; 22,61% Alma Vent ures SA**; 32,25% Treasury Shares; 1,27% Talaris Capit al Part ner LP; 4,39% Jupit er Vent ures SA***; 5,47% St efano Rossini; 4,32% Capit al Research & Management Company; 8,00% Nestor 2000
Slide 5: Our vision is to be the most innovative financial services company
Our vision is to be the most innovative financial services company capturing the opportunities stemming from the evolution of the underdeveloped Italian retail credit market Broking Broking BPO BPO DIVISION DIVISION 2007: 2007: Rev. Rev. €22.7m €22.7m EBIT (a) €13.4m EBIT(a) €13.4m 2007: 2007: Rev.
Slide 6: Q1 highlights
Q1 highlights Revenues EBIT (€m) (€m) 5 Y-o-Y 4.0 4 +87% 10 9.2 3 2.1 Y-o-Y 2 +45% 8 1 6.4 0 Q1 07 (a) Q1 08 6 EBIT EBIT margin margin 34% 34% 44% 44% 4 Net Income (€m) 2 3 2.6 Y-o-Y +110% 0 2 Q1 07 Q1 08 1.2 1 0 Q1 07 (a) Q1 08 NI NI margin margin 20% 20% 28% 28% (a) Includes one-off costs related
Slide 7: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) Y-o-Y 4.0 4 +87% 3 Y-o-Y 10 2.7 +56% 9.2 2.1 Y-o-Y +45% 2 1.7 Y-o-Y 8 1 1.3 +228% 0 0.4 6.4 4.8 Y-o-Y +39% Q1 07 (a) Q1 08 6 Broking Division BPO Division 3.5 4 4.4 Y-o-Y EBIT margin 2 +51% 2.9 Q1 Q1 2007 2007(b) (b) 2007 2007(b) (b) Q1 Q1 2008 2008 0 Brokin
Slide 8: Broking Division business update
Broking Division business update •In •In Q1 Q1 2008 2008 total total amount amount of of mortgages mortgages brokered brokered has has grown grown compared compared to to Q1 Q1 2007 2007 thanks thanks also to the development of the CreditPanel Business Line; such growth however also to the developme
Slide 9: BPO Division business update
BPO Division business update •With •With respect respect to to the the mortgage-related mortgage-related BPO BPO activities, activities, business business volumes volumes havehave keptkept growing growing in in Q1 Q1 2008 2008 compared compared to to Q1 Q1 2007, 2007, even even ifif there there are
Slide 10: Evolution of the Italian Residential Mortgage Market
Evolution of the Italian Residential Mortgage Market Residential mortgage flows Euro billion Y-o-Y 65 -0.2% 62,8 62,7 • New Bank of Italy data confirms a substantial stability of the residential mortgage 60 market in 2007 (-0.2% YoY). • Taking these data as a reference, the Broking Division 55 broke
Slide 11: Evolution of the Italian real estate market
Evolution of the Italian real estate market Number of residential real-estate transactions Thousands of transactions • New Italian Land Agency data 1000 Y-o-Y confirms a slowdown in terms of -4.6% number of residential real estate transactions in 2007 (-4.6% YoY). 750 • The decrease was particularly
Slide 12: Dividend distribution
Dividend distribution •On •On April April 24, 24, 2008 2008 the the shareholders’ shareholders’ meeting meeting of of Gruppo Gruppo MutuiOnline MutuiOnline S.p.A. S.p.A. approved approved the the separate financial statements for the financial year ended on December 31, separate financial statements
Slide 13: Appendix
INE MutuiOn Appendix
Slide 14: Q1 Profit & loss
Q1 Profit & loss (€000) (€000) Q1 Q1 2008 2008 Q4 Q4 2007 2007 Q3 Q3 2007 2007 Q2 Q2 2007 2007 Q1 Q1 2007 2007 Revenues 9.202 13.633 8.333 9.343 6.366 Other income 90 179 154 108 4 Capitalization of internal costs 54 55 41 55 48 Services costs (2.226) (3.183) (2.065) (2.673) (2.283) Personnel costs
Slide 15: 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