Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — H1 2013 Earnings Presentation
17 slides from Moltiply's earnings presentation, Aug 12, 2013
Slide 1: Gruppo MutuiOnline First Half 2013 Results
Gruppo MutuiOnline First Half 2013 Results 12th August 2013
Slide 2: Disclaimer
Disclaimer Certain statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. The user of such information should recognize t
Slide 3: Presenters today
Presenters today •Group Chairman and Head of Broking Division •Founder and key shareholder (16.25% indirectly through Alma Ventures SA) •Background in consulting (McKinsey) and banking (Morgan Stanley) •Degrees in Electrical Engineering and Computer Science, MBA from MIT Marco Pescarmona •Group CEO
Slide 4: Share performance 6th June 2007 (IPO date) - 5th August 2013
Share performance 6th June 2007 (IPO date) - 5th August 2013 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% -40% -45% -50% -55% -60% -65% -70% MOL Total Return vs. MOL vs.FTSE ITALIA STAR 4
Slide 5: Current shareholding structure
Current shareholding structure Shareholding structure as of 12th August 2013* * Share ownership as communicated to the company by relevant investors according to CONSOB regulations; includes all investors above 2% ownership threshold. ** The share capital of Alma Ventures S.A. is owned 50% by Guderi
Slide 6: Business portfolio
Business portfolio BROKING Division BPO Division Business Lines Business Lines NEW Multi-brand Multi-brand Multi-brand Multi-brand Employee Insurance broking of broking of broking of Remote Mortgage insurance loan claim mortgages consumer mortgages mortgage underwriting broking underwriting manageme
Slide 7: H1 highlights
H1 highlights Revenues EBIT (€m) (€m) 6 28 4 2.8 Y-o-Y 24.4 -17.7% 2.3 24 Y-o-Y 2 +24.0% 19.7 20 0 H1 12 H1 13 16 EBIT margin 14% 9% 12 Net Income* 8 (€m) 4 3 0 2 1.8 Y-o-Y H1 12 H1 13 -44.0% 1.0 1 0 H1 12 H1 13 NI margin 9% 4% * Attributable to the shareholders of the Issuer 7
Slide 8: H1 Segment reporting
H1 Segment reporting Revenues EBIT (€m) (€m) 28 5 24.4 2.8 Y-o-Y 24 3 -17.7% 2.3 Y-o-Y Y-o-Y -84.2% +24.0% 3.1 0.5 19.7 1 20 Y-o-Y 1.8 10.2 +9.0% -0.3 Y-o-Y +664.4% -1 16 9.4 H1 12 H1 13 Broking Division BPO Division 12 Y-o-Y 8 14.2 +37.7% 10.3 EBIT margin 4 H2 2012 2012 H1 2013 0 H1 12 H1 13 Brokin
Slide 9: Revenue breakdown
Revenue breakdown Broking Division Revenues BPO Division Revenues (€m) (€m) 15 15 14.2 Y-o-Y Y-o-Y 0.8 N/A% +37.7% Y-o-Y 10.2 Y-o-Y 10.3 Y-o-Y 10 9.3 +9.0% +379.5% 10 6.4 17.2% 0.2 1.6 Y-o-Y 3.3 +101.5% 5.4 0.2 0.3 Y-o-Y 3.0 +70.8% 5 2.6 Y-o-Y 5 5.5 Y-o-Y +60.9% -14.5% 3.4 4.5 3.8 Y-o-Y -14.4% Y-o-Y
Slide 10: Broking Division business update
Broking Division business update • The overall results of the Broking Division represent a continuation of the performance of the first quarter of the year, with the progressive affirmation of our insurance broking business. The profitability of the Division is recovering despite the continuation of
Slide 11: BPO Division business update 1/2
BPO Division business update 1/2 • Results of the BPO Division as a whole are aligned with previous guidance, and therefore substantially in line with the first quarter of the year, with a profitability improvement that is also due to seasonality effects, and by all means marking a considerable grow
Slide 12: BPO Division business update 2/2
BPO Division business update 2/2 Moreover, the Division keeps expanding its service offering, both organically and through acquisitions: In the third quarter new commercial and underwriting outsourcing activities will be launched for personal loans with two clients. While revenue contribution in 201
Slide 13: Appendix
ine po MutuiOnl Grup Appendix
Slide 14: H1 Profit & loss
H1 Profit & loss (€000) H1 2013 H1 2012 % Var. Rev enues 24,396 19,672 24.0% Other income 463 624 -25.8% Capitalization of internal costs 237 292 -18.8% Serv ice costs (9,870) (6,538) 51.0% Personnel costs (10,982) (9,578) 14.7% Other operating costs (1,103) (956) 15.4% Depreciation and amortization
Slide 15: Quarterly Profit & loss
Quarterly Profit & loss (€000) Q2 2013 Q1 2013 Q4 2012 Q3 2012 Q2 2012 Rev enues 13,834 10,562 10,434 8,356 9,987 Other income 158 305 456 331 369 Capitalization of internal costs 139 98 113 125 162 Serv ice costs (4,805) (5,065) (4,459) (4,011) (3,183) Personnel costs (6,119) (4,863) (4,983) (3,964
Slide 16: Q2 highlights
Q2 highlights Revenues EBIT (€m) (€m) 3 Y-o-Y 2.0 15 13.8 2 1.7 +16.7% Y-o-Y 0.8 -52.2% Y-o-Y 1 +38.5% Y-o-Y 1.7 5.6 1.2 Y-o-Y 10.0 +15.2% +3640.6% 10 0 Q2 12 Q2 13 4.8 Broking Division BPO Division Y-o-Y 5 8.2 +60.4% EBIT margin 5.2 Q2 2012 2012 Q2 2013 0 Q2 12 Q2 13 Broking Division 35% 17% 14% BP
Slide 17: Declaration of the manager responsible for preparing the Company's financial reports
Declaration of the manager responsible for preparing the Company’s financial reports Declaration Pursuant to Art. 154/bis, Paragraph 2 – Part IV, Title III, Chapter II, Section V-bis, of Italian Legislative Decree No. 58 of 24 February 1998: “Consolidation Act on Financial Brokerage Pursuant to Arti