Moltiply Group S.p.a. · MIL:MOL
Moltiply — Gruppo MutuiOnline — H1 2008 Earnings Presentation
16 slides from Moltiply's earnings presentation, Aug 8, 2008
Slide 1: Gruppo MutuiOnline First Half 2008 Results
Gruppo MutuiOnline First Half 2008 Results 8th August 2008
Slide 2: Presenters today
Presenters today •Group •Group Chairman Chairman and and Head Head of of Broking Broking Division Division •Founder •Founder and and key key shareholder shareholder (16.19% (16.19% indirectly indirectly through through Alma Alma Ventures Ventures SA) SA) •Background •Background in in consulting cons
Slide 3: Share performance from June 2007 (IPO date) to August 2008
Share performance from 6 June ‘07 (IPO date) to 1 August ‘08 1.000 6,5 900 6,0 800 5,5 700 5,0 MOL performance vs. ALL STAR index 0,10 600 4,5 0,05 0,00 -0,05 500 4,0 -0,10 -0,15 400 3,5 -0,20 -0,25 -0,30 300 3,0 -0,35 -0,40 200 2,5 -0,45 -0,50 06/06 18/07 30/08 11/10 22/11 11/01 22/02 09/04 22/05 0
Slide 4: Current shareholding structure
Current shareholding structure Shareholding structure as of 28th July 2008* Free Float; 26,33% Alma Vent ures SA**; 32,37% Shares owned by the Group; 1,80% Jupiter Ventures SA***; 5,47% St efano Rossini; 4,32% Capit al Research & Management Company; 8,00% Nestor 2000 Sprl***; 11,37% Parvus Asset Ven
Slide 5: Our vision is to be the most innovative financial services company
Our vision is to be the most innovative financial services company capturing the opportunities stemming from the evolution of the underdeveloped Italian retail credit market Broking Broking BPO BPO DIVISION DIVISION 2007: 2007: Rev. €22.7m EBIT Rev. €22.7m (a) €13.4m EBIT(a) €13.4m 2007: 2007: Rev.
Slide 6: H1 highlights
H1 highlights Revenues EBIT (€m) (€m) 12 9.8 Y-o-Y +38% 25 8 7.1 21.2 Y-o-Y 4 +35% 20 0 15.7 H1 07 (a) H1 08 15 EBIT EBIT margin margin 45% 45% 46% 46% 10 Net Income (€m) 5 8 6.3 Y-o-Y 6 +75% 0 H1 07 H1 08 4 3.6 2 0 H1 07 H1 08 NI NI margin margin 23% 23% 30% 30% (a) Excludes one-off costs related t
Slide 7: Segment reporting
Segment reporting Revenues EBIT (€m) (€m) 12 Y-o-Y 9.8 +38% 9 25 7.1 Y-o-Y 21.2 6 6.8 +33% Y-o-Y +35% 5.1 20 3 Y-o-Y 3.0 +51% 2.0 0 15.7 Y-o-Y H1 07 (a) H1 08 15 11.4 +27% Broking Division BPO Division 9.0 10 9.8 Y-o-Y EBIT margin +45% 5 6.7 H1 H1 2007 2007(a) (a) 2007 2007(a) (a) H1 H1 2008 2008 0
Slide 8: Broking Division business update
Broking Division business update •In •In the the first first half half ofof 2008, 2008, the the total total amount amount of of mortgages mortgages brokered brokered decreased decreased slightly slightly compared compared to to the the same same period period ofof the the previous previous year,year
Slide 9: BPO Division business update
BPO Division business update •With •With respect respect to to mortgage-related mortgage-related outsourcing outsourcing services,services, input input volumes volumes for for the the first first 77 months months 2008 2008 have have been been substantially substantially in in line line with with tho
Slide 10: Evolution of the Italian residential mortgage market
Evolution of the Italian residential mortgage market Residential mortgage flows Euro billion Y-o-Y 16 -0.2% 14,21 14,19 • New Bank of Italy data confirms a substantial stability 12 of the residential mortgage market in Q1 2008 (-0.2% YoY). 8 • Management believes residential mortgages flows contract
Slide 11: Evolution of the Italian real estate market
Evolution of the Italian real estate market Number of residential real-estate transactions Thousands of transactions 1000 Y-o-Y -4.6% • Italian Land Agency data confirms a slowdown in terms of number of residential real estate 750 transactions in 2007 (-4.6% YoY). • The current weakness of the real
Slide 12: Appendix
INE MutuiOn Appendix
Slide 13: H1 Profit & loss
H1 Profit & loss (€000) (€000) H1 H1 2008 2008 H1 H1 2007 2007 % % Var. Var. Revenues 21.179 15.709 34,8% Other income 190 112 69,6% Capitalization of internal costs 117 103 13,6% Services costs (4.881) (4.956) -1,5% Personnel costs (5.659) (3.488) 62,2% Other operating costs (697) (682) 2,2% Deprec
Slide 14: Q2 Profit & loss
Q2 Profit & loss (€000) (€000) Q2 Q2 2008 2008 Q2 Q2 2007 2007 % % Var. Var. Revenues 11.977 9.343 28,2% Other income 100 108 -7,4% Capitalization of internal costs 63 55 14,5% Services costs (2.655) (2.673) -0,7% Personnel costs (3.106) (1.988) 56,2% Other operating costs (351) (415) -15,3% Depreci
Slide 15: Q2 highlights
Q2 highlights Revenues EBIT (€m) (€m) 8 5.8 Y-o-Y 6 +31% 15 4.4 Y-o-Y 4.1 +25% Y-o-Y 4 +28% 3.3 12.0 12 2 Y-o-Y 1.1 1.7 +50% 0 9.3 6.6 Y-o-Y Q2 07(a) Q2 08 9 +20% Broking Division BPO Division 6 5.5 EBIT margin 3 5.4 Y-o-Y 3.8 +40% Q2 Q2 2007 2007(a) (a) 2007 2007(a) (a) Q2 Q2 2008 2008 0 Broking Br
Slide 16: 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