Scout24 Se · XETR:G24
Scout24 — Q1 2025 Earnings Presentation
21 slides from Scout24's earnings presentation, May 6, 2025
Slide 1: Q1 2025 Results Presentation
Q1 2025 Results Raising the Presentation 6 May 2025 Bar © Scout24 Investor Relations
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 Q1 2025 Results | May 2025
Slide 4: CEO update: Capital markets strategic framework and financial targets fully confirmed
CEO update: Capital markets strategic framework and financial targets fully confirmed s s The #1 digital real estate Well on track to deliver CMD CEO focus areas platform in Germany 2024 strategic framework • 20m monthly visitors Continue expanding our data and Evolving beyond a listing marketplace
Slide 5: Executive Summary
Executive Summary Strong start into 2025: Accelerated organic revenue, continued ooEBITDA margin expansion and strong EPS development Customer growth continues in both segments, driven by strong demand for our innovative product line-up Product innovations drive Platform user growth, traffic and eng
Slide 6: Customer growth: Professional accelerated impressively in Q1 2025; Private growth remains high at 20%
Customer growth: Professional accelerated impressively in Q1 2025; Private growth remains high at 20% Number of Numbers of Professional customers Private customers 495.2 25.6 46.6 20.5 in k in k 2018 Q1/2025 2018 Q1/2025 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025
Slide 7: Transaction recovery continues in Q1 2025; remainder of year more uncertain
Transaction recovery continues in Q1 2025; remainder of year more uncertain due to increased mortgage rates 150 141 136 125 100 100 Scout24 Transaction Momentum1 and 75 Listings2 Index 50 2020 2021 2022 2023 2024 2025 Transaction Index Listings Index 200 161 150 100 126 50 Contact request to agents3
Slide 8: Product & innovation update
Early success of Living+ highlights innovation capabilities Product & innovation update within our Private segment 30k 27.8 25k N „I d“ 20k 15k 10k 5k in k k Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Living+ subscribers Strong growth in Homeowner ecosystem since CMD 2024 1.2m Jan 24 2.0m 2.1m
Slide 9: Key takeaways
Key takeaways Strategic continuity executing R “d ” bu model Strong start into 2025 with 2024 capital markets vision of with predictable and accelerating organic growth merging data & classifieds recurring revenue base Innovation & product leadership p y & “I ” Financial track record & excellence; d
Slide 10: Financial Update
Financial Update 10 Q1 2025 Results | May 2025
Slide 11: Financial metrics dashboard
Financial metrics dashboard Revenue (EUR m) ooEBITDA (EUR m) +12.1% +17.3% organic +16% organic +18% 93.7 157.6 79.5 136.1 ooEBITDA 61.1% margin (%) 58.4% 59.5% organic Q1 2024 Q1 2025 Q1 2024 Q1 2025 Adj. EPS (EUR) Operating cash flow (EUR m) +18% -3% 60.1 58.4 0.79 0.67 Q1 2024 Q1 2025 Q1 2024 Q1
Slide 12: Professional segment
Professional segment: Mid-teens growth driven by strong subscriptions and transaction enablement recovery Subscription revenue accelerated on organic basis to 12%, driven by strong customer gains and product EUR m Q1 2025 Q1 2024 Change adoption; 15% reported growth Professional revenue 115.3 99.3 +
Slide 13: Private segment performance
Private segment performance continues to be driven by exceptional momentum in Plus subscription products Subscription portfolio showing EUR m Q1 2025 Q1 2024 Change strong growth across all product Private revenue 42.3 36.8 +14.9% lines (Tenant+, Buyer+ and Living+) Subscription revenue 25.8 20.4 +2
Slide 14: Strong revenue growth continues to translate into healthy operating leverage
Strong revenue growth continues to translate into healthy operating leverage due to interconnectivity efforts Personnel costs are driven by salary EUR m Q1 2025 Q1 2024 Change adjustments and integration of Revenues 157.6 136.1 +15.8% recent acquisitions Own work capitalised 5.1 5.3 -4.3% Decreased
Slide 15: Adjusted EPS growth in line with ooEBITDA growth
Adjusted EPS growth in line with ooEBITDA growth; outsized basic EPS growth driven by lower non-operating effects EUR m Q1 2025 Q1 2024 Change Non-operating effects decreased ooEBITDA 93.7 79.5 +17.9% compared to previous year, primarily Non-operating effects -7.8 -12.0 +35.1% due to lower share-bas
Slide 16: Non-operating effects decreased 35% in Q1 2025 y-o-y
Non-operating effects decreased 35% in Q1 2025 y-o-y EUR 0.79 Non-operating effects decreased Adjusted EPS significantly, primarily due to lower EUR 0.69 Reported EPS share-based compensation costs EUR 4m non-operating effects (EUR m) 3.8 2.4 57.1 mainly from higher M&A expenses 4.0 50.0 driven by r
Slide 17: Slightly lower Free Cash Flow
Slightly lower Free Cash Flow caused by timing effects of receivables and payables 12.0 EUR m 3.2 50.0 1.9 50.9 -7.7 -8.5 Net Income D&A Capitalised Assets Net Taxes Paid Changes working Financial Results Free Cash Flow & IFRS 16 Leasing capital & provisions Free Cash Flow development -2.6% 52.2 50.
Slide 18: Leverage improves to 0.42x
Leverage improves to 0.42x, maintaining flexibility for strategic investments and shareholder returns Capital Returns 87.9 0.55 0.51 0.47 0.40 0.42 0.38 21.8 24.4 23.5 16.7 13.4 EUR m Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Leverage Share Buy-Back Divi
Slide 19: Scout24 Group Guidance 2025
Revenue growth 12-14% (including ca. 2pp contribution from acquisitions) Scout24 Group Guidance 2025 Accelerated revenue growth with continued ooEBITDA margin expansion ooEBITDA margin expansion of up to 50 basis points 19 Q1 2025 Results | May 2025
Slide 20: Q&A
Q&A 20 Q1 2025 Results | May 2025
Slide 21: Annual General Meeting 2025
Annual General Meeting 2025 – 5 June 2025 Q2/H1 2025 results – 7 August 2025 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com