Slide 1: Preliminary Results for Q4/FY 2024
Preliminary Results Raising for Q4/FY 2024 27 February 2025 the 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 Preliminary Q4/FY 2024 Results | February 2025
Slide 4: Executive Summary
Executive Summary • Delivering FY 2024 at upper-end of guidance range for both revenue growth and ooEBITDA margin • FY 2024 ooEBITDA margin expansion due to continued operating leverage and gains from interconnectivity • FY 2024 adj. EPS grew 15%, and Free Cash Flow very strong at 2024 EUR 223 milli
Slide 5: Private customer numbers continue to grow; professional customer growth accelerated in Q4 2024
Private customers numbers continue to increase at mid-twenties growth rate, and professional customer growth accelerated strongly in Q4 2024 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2024 Q2/2024 Q3/2024 Q4/2024 growth yoy +1.3% +1.7% +2.5% +4.0% growth yoy +20.8% +27.1% +24.7% +24.5% 25.2 444.8 +3.5% 24.2
Slide 6: German real estate market: Transactions are recovering as buyer interest has increased
German real estate market: Transactions are recovering as buyer interest has increased Scout24 German Transaction Index1 (indexed, average # of transactions 2020-2024 = 100) Contact request to agents2 (indexed, Q1/2020 = 100) 6 Preliminary Q4/FY 2024 Results | February 2025 1 Index includes resident
Slide 7: Good progress executing on interconnectivity
2024: Interconnectivity & Financial M&A Good progress Innovation executing on 4th year of double-digit Consistently executing Acquired two high quality interconnectivity growth CMD strategy through companies with while delivering impactful product bulwiengesa and strong financial Continued strong in
Slide 8: Financial Update
Financial Update 8 Preliminary Q4/FY 2024 Results | February 2025
Slide 9: Financial Metrics Dashboard
Financial Metrics Dashboard Revenue (EUR m) ooEBITDA (EUR m) +11% +11% +15% +15% 91.0 348.1 146.7 566.3 79.4 303.9 132.5 509.1 ooEBITDA 59.9% +2pp 62.0% 59.7% +2pp 61.5% margin (%) Q4 2023 Q4 2024 2023 2024 Q4 2023 Q4 2024 2023 2024 Adj. EPS (EUR) Operating cash flow (EUR m) +21% +15% +28% 257.0 0.7
Slide 10: Professional segment performance driven by strong memberships and transaction market recovery
Professional segment performance driven by strong memberships and continued recovery in transaction market EUR m Q4 2024 Q4 2023 Change 2024 2023 Change Subscription revenue growth Professional revenue 106.2 96.9 +9.6% 409.9 370.4 +10.7% acceleration in Q4 driven by strong customer growth, Subscript
Slide 11: Private segment growth fuelled by momentum in subscription products
Private segment growth continues to be fuelled by the exceptional momentum in subscription products Subscription revenues driven by strong demand across product EUR m Q4 2024 Q4 2023 Change 2024 2023 Change portfolio (Tenant+, Buyer+ and Private revenue 40.5 35.6 +13.7% 156.4 138.8 +12.7% Living+) S
Slide 12: Interconnectivity continues to generate strong operating leverage
Interconnectivity continues to generate strong operating leverage in Q4 and for the full year 2024 EUR m Q4 2024 Q4 2023 Change 2024 2023 Change Overall cost base grew only 5.6% in Revenues 146.7 132.5 +10.7% 566.3 509.1 +11.2% 2024 and 6.0% in Q4 y-o-y due to operating leverage and Own work capital
Slide 13: Strong operational performance boosting adjusted EPS growth in 2024: +15%
Strong operational performance boosting adjusted EPS growth in 2024: +15% EUR m Q4 2024 Q4 2023 Change 2024 2023 Change Non-operating effects increased Ordinary operating EBITDA 91.0 79.4 +14.6% 348.1 303.9 +14.5% strongly in 2024 mainly due to share price induced higher SBC Non-operating effects -1
Slide 14: Exceptional non-operating effects in 2024
Exceptional non-operating effects in 2024 due to strong share price increase and Sprengnetter outperformance Non-operating effects of EUR 47m for FY 2024 driven by: EUR 2.90 ▪ SBC due to strong share price Adjusted EUR 2.22 EPS increase and business Reported performance EPS 12.9 7.6 212.2 28.0 ▪ EUR
Slide 15: Free Cash Flow increasing strongly by 34% for 2024
Free Cash Flow increasing strongly by 34% for 2024 Strong and growing cash flow generation 15.8 223.2 (EUR m) 47.1 37.3 162.1 -33.5 -5.7 Net income D&A Capitalised Assets & IFRS Net Taxes Paid Changes working capital Net Financial Impact Free Cash Flow 16 Leasing & provisions Free Cash Flow developm
Slide 16: Leverage increased to 0.47x after acquisition of neubau kompass
Leverage increased to 0.47x after acquisition of neubau kompass in November. Q4 2024 with increased buy-back volume Leverage Capital Returns 87.9 0.6 (EUR m) 0.5 0.4 21.8 24.4 0.4 16.7 13.4 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Leverage = Net Debt / ooEBITDA LTM; share buy-
Slide 17: Guidance 2024, Prelim. FY 2024 and Guidance 2025
Guidance 2024 Prelim. FY 2024 Guidance 2025 revenue growth revenue growth revenue growth upper end of 11.2% 12-14% 9-11% (including ca. 2pp contribution from acquisitions) ooEBITDA margin ooEBITDA margin ooEBITDA margin upper end of 61.5% expansion of up about 61% to 50 basis points 17 Preliminary Q
Slide 18: Q&A
Q&A 18 Preliminary Q4/FY 2024 Results | February 2025
Slide 19: Publication of Annual Report 2024 – March 2025
Publication of Annual Report 2024 – 27 March 2025 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com