Slide 1: Continued blowout growth
Continued blowout growth CORPORATE PRESENTATION flatexDEGIRO AG | 02 August 2021
Slide 2: Best half-year ever
Best half-year ever 5 “The excellent operating performance fully confirms our forecasts and vision: flatexDEGIRO’s enormous new 5 customer generation goes beyond plain seasonality and fluctuations in market volatility. With best-in-class products and services at most attractive prices, we are on our
Slide 3: Rapidly outgrowing all major peers
Rapidly outgrowing all major peers 3x speed – on our way to become #1 in total customer base 5 → Preliminary H1 2021 results | 02 August 2021 | Page 3
Slide 4: Demonstrating superior customer growth for 18 months straight
Demonstrating superior customer growth for 18 months straight Delta of monthly customer growth rate of flatexDEGIRO vs. peers Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 vs. Nordnet vs. Avanza vs. Fineco source: company data → Preliminary H1 2021 results | 02 August 2021 | Page 4
Slide 5: Seasonal patterns impact short-term development..
Seasonal patterns impact short-term development.. Share of full year trades per month Share of full year customer growth per month (2016-2019) 13.2% (2016-2019)* 9.7% 9.3% 10.4% 9.7% 9.0% 8.6% 8.5% 8.3% 8.3% 8.4% 8.3% 7.6% 8.4.3% 8.0% 6.9% 8.2% 8.0% 6.3% 6.3% 7.8% 7.8% 5.6% 7.3% Jan Feb Mar Apr May
Slide 6: ..but not our strong growth and increasing profitability..
..but not our strong growth and increasing profitability.. Number of Brokerage Number of Transactionen Revenues (€ million) & Customers (million) (million) Adj. EBITDA margin +74% +41% +127% +41% 75.0 1.75 261.5 1.61 226.1 ** 54.0 53.0 1.25 1.11 1.01 164.8 37.6 33.6 134.9 H1/21 99.8 47.6% H1/20 45.4
Slide 7: ..while winning the "right" customers.
..while winning the „right“ customers. Average flatexDEGIRO customer (as of 30/06/21) Share of female investors and savers • AuC: ~ EUR 23k within new customers • Annualized trades: 71 increased to 17% in H1/21 (H1/20: 13%) • Between 25-55*: 70% • Prev. Experience*: 58% • Higher education*: 55% • Am
Slide 8: Important opex investments in future growth
Important opex investments in future growth in € m 60 • Additional marketing spent of € 9.5 m vs. H1 2020 Marketing • Customer acquisition costs down to < € 35 (approx. € 120 in H1 2020) 50 • Short payback time will make new customers profitable already in H2 Other Admin • Mostly driven by consolida
Slide 9: Strong growth of share price and expected mid-term EPS results in higher LTI provisions
Strong growth of share price and expected mid- term EPS results in higher LTI* provisions • P&L adjustments mostly relate to revaluation of non-cash provisions for long-term incentive scheme • Valuation reflects strong share price development and increasing EPS expectations • ~ 66% of overall LTI pr
Slide 10: High conviction in FY guidance after record H1
High conviction in FY guidance after record H1 Achieved and expected customer growth Settled and expected Transactions (growth per calendar day) (average transactions per customer p.a.) 90-110m +750-950k (55-65) (2k-2.5k) 75m (73) +500k +450k (~3k) 53m (1.25k) (71) FY 2020 H1 20201 FY 2021 FY 2020 H
Slide 11: Outstanding financial basis for future growth
Outstanding financial basis for future growth Operating Cash flow 2x vs. 30/06/20 > EUR 83 m Net cash position of approx. EUR 180 m → Preliminary H1 2021 results | 02 August 2021 | Page 11
Slide 12: Important operating milestones in H2 2021
Important operating milestones in H2 2021 • August: All European DEGIRO customers to benefit from early & late trading via Tradegate Exchange, Germany‘s largest retail exchange, owned by Deutsche Börse AG • Q3: Rollout of European ETP Partnerships • Q3: New marketing campaigns at DEGIRO and flatex •
Slide 13: Early & late trading – our next big step in retailizing online brokerage in Europe
Early & late trading – our next big step in retailizing online brokerage in Europe Increasing relevance (share of early & late trading in flatex equity trades) Strong USP Early & Late Trading • Unique offer in most of our international (combined) markets Late Trading • Post-Covid situation will make
Slide 14: Marketing push to win leadership market by market
Marketing push to win leadership market by market → Preliminary H1 2021 results | 02 August 2021 | Page 14
Slide 15: Next 3.0 – from push to pull
Next 3.0 – from push to pull → Preliminary H1 2021 results | 02 August 2021 | Page 15
Slide 16: European-wide high-class documentary
European-wide high-class documentary Sneak preview → Preliminary H1 2021 results | 02 August 2021 | Page 16
Slide 17: → Preliminary H1 2021 results | 02 August 2021 | Page 17
→ Preliminary H1 2021 results | 02 August 2021 | Page 17
Slide 18: Continued blowout growth
Continued blowout growth CORPORATE PRESENTATION flatexDEGIRO AG | 02 August 2020
Slide 19: Contact
Contact Achim Schreck flatexDEGIRO AG Head of IR and Corporate Communications Rotfeder-Ring 7 60327 Frankfurt/Main, Germany Mobile +49 160 92774570 Phone +49 69 450001 1700 Mail: achim.schreck@flatexdegiro.com www.flatexdegiro.com