Scout24 Se · XETR:G24
Scout24 — Q4 2023 Earnings Presentation
12 slides from Scout24's earnings presentation, Feb 28, 2024
Slide 1: Growing impact: Preliminary results for Q4/FY 2023
Growing impact with Preliminary results for Q4/FY 2023 28 February 2024 © Scout24 Investor Relations
Slide 2: Disclaimer
Disclaimer This document has been issued by Scout24 SE (the Certain statements, beliefs and opinions in this document of new information, future events or otherwise. You should “Company” and, together with its direct and indirect are forward-looking, which reflect the Company’s or, as not place undu
Slide 3: Closed out FY2023 at upper end of ooEBITDA guidance
Closed out FY2023 with 14% revenue growth, marking Scout24’s third year of strong revenue growth Agent membership business continues to perform exceptionally well, customer base up 3.4% in FY2023, concluding the year with 22k agents Closed out FY2023 Private customers continue growing strongly as we
Slide 4: Q4 2023 with continued strong growth driven by high demand for core products
Q4 2023 with continued strong growth driven by high demand for core products Group €132.5m €79.4m +15.0% +19.4% Group revenue Group ordinary operating EBITDA (59.9% margin) Professional €75.8m 21,999 €1,148 +14.1% +1.9% +12.0% Subscription revenue Professional customers ARPU with Professional custom
Slide 5: We delivered a strong FY2023 against real estate market in downturn
We delivered a strong FY2023 against real estate market in downturn Group €509.1m €303.9m +13.8% +21.0% Group ordinary operating EBITDA Group revenue (59.7% margin) Professional €292.4m 21,868 €1,114 +12.4% +3.4% +8.7% Subscription revenue Professional customers ARPU with Professional customers Priv
Slide 6: Revenue growth and increase in ooEBITDA margin across all segments in FY2023
Revenue growth and increase in ooEBITDA margin across all segments in FY2023 Revenue (€ million) 59.7% +13.8% 56.1% 509.1 447.5 64.9% +12.3% 60.5% 327.1 291.2 51.9% 51.6% +18.8% 144.4 44.0% 121.5 34.9% +7.9% 34.8 37.6 Professional Private Media & Other Group FY 2022 FY 2023 % Increase vs. FY 2022 %
Slide 7: Professional segment growth and increasing profitability in FY2023
Professional segment growth and increasing profitability in FY2023 driven by strong performance in memberships Q4 Q4 FY FY (€m) +/- +/- Growth driven by subscription 2023 2022 2023 2022 revenues, customer gains, price Professional revenue 85.5 73.8 +15.9% 327.1 291.2 +12.3% adjustments and ongoing u
Slide 8: Private segment with strong growth in FY2023 driven by consumer subscriptions and PPA
Private segment with strong growth in FY2023 driven by consumer subscriptions and PPA Q4 Q4 FY FY (€m) +/- +/- 2023 2022 2023 2022 Subscriptions growth remained Private revenue 36.9 32.2 +14.7% 144.4 121.5 +18.8% strong in Q4 2023 at 20% of which subscriptions 19.4 16.1 +20.2% 72.1 60.1 +20.0% # Cus
Slide 9: Increase of ooEBITDA margin to 60% due to favorable product mix and tight cost control
Increase of ooEBITDA margin to 60% (from 56% in FY2022) due to favorable product mix and tight cost control Q4 Q4 FY FY Capex ratio declined to 5.1% in (€m) +/- +/- FY2023 from 6.4% in FY2022 – 2023 2022 2023 2022 Q4 2023 further decline to 4.0% Revenues 132.5 115.2 +15.0% 509.1 447.5 +13.8% Own wor
Slide 10: Adjusted and reported EPS continues to grow strongly
Adjusted and reported EPS continues to grow strongly Q4 Q4 FY FY (€m) +/- +/- Non-operating effects increased 2023 2022 2023 2022 mainly due to expenses for Ordinary operating EBITDA 79.4 66.5 +19.4% 303.9 251.1 +21.0% reorganization and share-based Non-operating effects 1.9 2.7 +30.5% 25.2 20.5 -23
Slide 11: Unpacking the Scout24 Value Creation Formula
Unpacking the Scout24 “Value Creation Formula” Value Creation Strategy Building Blocks}} 1 Revenue growth (organic and/or M&A) 2 EBITDA growth 3 Net income accretion 4 Dividend growth 5 Capital allocation / share buy backs 11 Q4/FY 2023 Preliminary results
Slide 12: Financial calendar and Investor Relations contact
Annual Report FY 2023 – 28 March 2024 Q1 2024 results – 2 May 2024 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com