Plus500 Ltd. · LSE:PLUS
Plus500 — H1 2013 Earnings Presentation
21 slides from Plus500's earnings presentation, 2013
Slide 1: Interim Results for the 6 months ended June 30
Interim Results for the 6 months ended June 30 London Stock Exchange Symbol: PLUS 1
Slide 2: Disclaimer
Disclaimer The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of the Company, nor shall it (or any part of it), or the fact of its distribution, form the basis of
Slide 3: First Half 2013 - Highlights
First Half 2013 - Highlights Plus500 in numbers, 1H13: Our best 6 months yet #1 >50 31 Rated on mobile Countries Languages Continued growth across all markets and app stores segments. Asia and Australia as additional key growth drivers + 47% 48.9% $44.7m Growth in EBITDA Revenues Revenues Exceptiona
Slide 4: Business Overview, Financial Overview, Outlook
Business Overview Financial Overview Outlook 4
Slide 5: Plus500 - Products
Plus 500 - Products CFD products Platform and Devices Trading Platform Supporting 31 languages in Over 2,000 CFD products Retail customers only more than 50 countries 5
Slide 6: Business Model
Business Model Plus500 UK Revenue Sources International Footprint Group Revenues from EEA directed through FCA UK- Dealing Spreads regulated subsidiary Plus500 Ltd. Israel Headquarters Difference between the buy price and the sell price of a CFD Overnight Premiums Charges on open customer positions
Slide 7: First Half of 2013 - Key Management Initiatives
First Half of 2013 –Key Management Initiatives Launching Plus500AU – Our Australian subsidiary which holds an ASIC license Successful IPO (3Q13) Over 400 new CFD products New features in mobile to bring on par with PC version Improving marketing ROI Improved retention initiatives 7
Slide 8: Business Overview, Financial Overview, Outlook
Business Overview Financial Overview Outlook 8
Slide 9: First Half of 2013 - Best Performances Yet
First Half of 2013 - Best Performances Yet Key Financial Indicators – Income Statement ($ ,000): Six months ended June 30 FY 2013 2012 2012 Trading income (net) 44,673 30,348 56,127 1H13/1H12 growth 47% Selling and marketing expenses 21,195 15,156 28,930 Administrative and general expenses 1,617 1,9
Slide 10: Our Client Base Continues to Grow Fast
Our Client Base Continues to Grow Fast Number of new accounts Number of active accounts 26,000 55,000 24,000 50,000 24,626 22,000 +22% +18% 49,752 45,000 20,000 20,102 40,000 42,023 18,000 35,000 16,000 14,000 30,000 12,000 25,000 10,000 20,000 1H12 1H13 1H12 1H13 Australia and Asia are among our fa
Slide 11: Mobile as a key growth driver
Mobile as a key growth driver Number of signups: Revenues ($ m): 100% 100% 90% 90% 80% 80% 70% 70% 60% AndroidTablet 60% 50% Android 50% 40% IPad 40% IPhone 30% Web 30% 20% Windows 20% 10% 10% 0% 0% 11
Slide 12: Marketing Campaigns
Marketing Campaigns Offline Advertisement Online Advertisement 12
Slide 13: Substantial Investment in Marketing
Substantial Investment in Marketing Marketing and Advertisement Budget ($ ,000): Automated Online Marketing Platform - 20,000 17,701 Measurable and ROI driven. Key 15,000 competitive advantage 12,288 10,000 Affiliate Program- Plus500’s operates one of the largest 5,000 affiliates programs in the ind
Slide 14: Lean Operational Infrastructure
Lean Operational Infrastructure Operational Expenses: 25,000 21,195 Fully automated operations 20,000 15,156 Aggressive cost structure 15,000 1H12 Talented HR generates higher 10,000 1H13 revenues per employee 5,000 1,969 1,617 G&A expected to grow post IPO 0 Total Sales & Marketing Total G&A 1H13/1
Slide 15: Significantly Increasing Profitability
Significantly Increasing Profitability Profits ($ ,000): Profitability Ratios (% of income): 25,000 55% 21,900 50% 48.9% 20,000 +65% 43.6% 45% 15,392 41.1% 15,000 13,282 40% 9,693 34.5% 10,000 35% 31.9% 30.5% 30% 5,000 25% 0 20% EBITDA Profit EBITDA Profit Margin 1H12 1H132 FY12 1H12 1H13 15
Slide 16: Balance Sheet Strength
Balance Sheet Strength Key Financial Indicators – Balance Sheet: Six months ended June 30 FY 1H13/1H12 2013 2012 2012 Growth Current Assets 36,682 28,879 24,709 Non Current Assets 626 348 546 Total Assets 37,308 29,227 25,255 28% Liabilities 18,737 16,772 13,308 12% Equity 18,571 12,455 11,947 49% A
Slide 17: Dividends Remain High
Dividends Remain High Dividend Paid to Shareholders ($ ,000): 18,000 16,000 14,000 14,575 8,000 12,000 10,000 8,000 9642 8795 8,768 6,000 4,000 2,000 0 2010 2011 2012 *2013 * $8M are to be paid. Ex-date is 4.9.2013 Dividend policy – 50% of net profit minimum 17
Slide 18: Cash Flow
Cash Flow Key Financial Indicators – Cash Flow: Six months ended June 30 FY 1H13/1H12 2013 2012 2012 Growth Net cash provided by operating activities 15,161 15,443 19,861 -2%* Net cash used in investing activities -45 -136 -178 -67% Dividend Paid -4,874 -6,660 -14,575 -27% Cash and Cash Equivalents,
Slide 19: Business Overview, Financial Overview, Outlook
Business Overview Financial Overview Outlook 19
Slide 20: Outlook
Plus Sa 21
Slide 21: Contact Details
Contact Details Elad Even-Chen, Ltd. Head of Investor Relations MATAM, Building 22 Tel: +972-4-8189503 Haifa, 31905 Israel Email: ir@Plus500.com UK Ltd. AU Pty Ltd. 359 Goswell Road 19-21 Hunter St London, EC1V 7JL Sydney, 2000 UK Australia 22 22