Hypoport Se · XETR:HYQ
Hypoport — H1 2018 Earnings Presentation
34 slides from Hypoport's earnings presentation, Aug 6, 2018
Slide 1: Hypoport AG Results for 6M 2018
Hypoport AG Results for 6M 2018
Slide 2: Investment highlights in 6M 2018 and forecast for 2018
Technology-based financial services Investment highlights in 6M 2018 and forecast for 2018 Key figures for 6M 2018 (yoy change) • Revenue: €121.7 million (+28 per cent) • EBIT: €14.8 million (+11 per cent) • EPS: €1.88 (+6 per cent) • Market cap: approx. €1,039 million (+48 per cent) • Average tradi
Slide 3: Contents
Contents 1. Market environment 2. Segment results 3. Overview of key performance indicators 4. Shares and investor relations 5. Investment highlights and outlook
Slide 4: Huge excess demand in the housing market
Huge excess demand in the housing market Changes in the German housing market 1600 Completed homes 1500 Cumulative demand for homes 1400 Net migration 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0 -100 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2
Slide 5: Volume of mortgage finance continues to increase slightly
Volume of mortgage finance continues to increase slightly Performance of relevant market indices in Germany since 2009 175 Purchase prices (index for residential real estate prices) Overall market (index for volume of new business from mortgage finance ) Interest rate (index for average interest rat
Slide 6: Mortgage finance – market has strong potential
Mortgage finance – market has strong potential Factors influencing the private and institutional residential real-estate finance markets Negative factors Positive factors • Strong pent-up demand in and from the • Lack of available properties rental market • Legislators keep the market busy with a •
Slide 7: Contents
Contents 1. Market environment 2. Segment results 3. Overview of key performance indicators 4. Shares and investor relations 5. Investment highlights and outlook
Slide 8: Hypoport – a dynamic group of companies
Hypoport – a dynamic group of companies Hypoport's segments Hypoport AG, H1 2018 8
Slide 9: Credit Platform
Credit Platform Segment results Hypoport AG, H1 2018 9
Slide 10: EUROPACE again outperforms the market by a long way
EUROPACE again outperforms the market by a long way Credit Platform: volume of transactions and number of partners • The mortgage finance product group on Volume of transactions (€ billion)* CAGR: +10% +16% EUROPACE grew by 13 per cent, whereas the overall market expanded by just approx. 3 48.2 24.0
Slide 11: Strong growth at regional banks
Strong growth at regional banks GENOPACE and FINMAS sales transaction volume and number of contractual partners • The use of EUROPACE by savings banks and Volume of transactions (€ billion)* cooperative banks for own-account distribution +73% continues to increase at a faster rate than is the +27% c
Slide 12: Substantial growth secures market leadership
Substantial growth secures market leadership Credit Platform: revenue, gross profit and earnings • In the first half of 2018, revenue in the Credit Revenue (€ million)* +34% Platform segment rose above €50 million for the first 53.2 time. 39.7 • Revenue growth in the Credit Platform segment is 6M 20
Slide 13: Private Clients
Private Clients Segment results Hypoport AG, H1 2018 13
Slide 14: Dr. Klein makes significant gains in market share
Dr. Klein makes significant gains in market share Private Clients: volume of loans brokered and number of advisors • Dr. Klein continues to expand its market share Volume of new loans brokered (€ billion)* in an environment of moderate growth in the CAGR: +10% overall mortgage finance market. +27% •
Slide 15: Dr. Klein achieves record revenue and earnings
Dr. Klein achieves record revenue and earnings Private Clients: revenue, gross profit and earnings • Expansion of market share in mortgage finance Revenue (€ million)* +18% led to further revenue growth in the first half of 44.1 2018. 37.5 • Disproportionately weak gross profit growth is 6M 2017 6M
Slide 16: Real Estate Platform (formerly Institutional Clients)
Real Estate Platform (formerly Institutional Clients) Presentation of new structure and segment results Hypoport AG, H1 2018 16
Slide 17: Digitalisation in the German real estate sector
Digitalisation in the German real estate sector Real Estate Platform – three product groups Advice and loan Property brokerage valuation Significant Software synergies with as a Credit Platform service Hypoport AG, H1 2018 17
Slide 18: Acquired subsidiaries generate revenue growth
Acquired subsidiaries generate revenue growth Real Estate Platform: performance of product groups • All real estate-related activities of the Group, Revenue split across the three product groups (€ million) with the exception of mortgage finance, are Advice and loan brokerage 7.7 grouped together in
Slide 19: Signs of lower volatility are already becoming evident
Signs of lower volatility are already becoming evident Real Estate Platform: revenue, gross profit and earnings • Growth in new product groups in 6M 2018 Revenue (€ million)* +28% resulted in a record level of revenue for the 14.5 segment. 11.3 • The proportion of recurring services (such as 6M 2017
Slide 20: Insurance Platform
Insurance Platform Segment results Hypoport AG, H1 2018 20
Slide 21: Insurance technologies grouped together in this segment
Insurance technologies grouped together in this segment Insurance Platform: revenue, gross profit and earnings • Following the establishment of the Smart InsurTech Revenue (€ million) umbrella brand, the merger of the acquired +46% 10.6 companies under company law will now be 7.2 completed. • The fo
Slide 22: Acquisition of ASC
Acquisition of ASC Overview of ASC Assekuranz-Service Center GmbH ASC Assekuranz-Service Center GmbH • Service provider / pooler for smaller insurance brokers. • Provider of outsourced services for property insurance companies, including issuing policies and collecting premiums. • More than 30 years
Slide 23: Contents
Contents 1. Market environment 2. Segment results 3. Overview of key performance indicators 4. Shares and investor relations 5. Investment highlights and outlook
Slide 24: Hypoport Group generates strong growth
Hypoport Group generates strong growth Overview of Hypoport's key performance indicators Revenue (€ million) Gross profit (€ million) Employees (number) +28% +58% +29% 121.7 1,384 95.3 65.3 50.6 877 6M 2017 6M 2018 6M 2017 6M 2018 6M 2017 6M 2018 EBITDA (€ million) EBIT (€ million) Net profit for th
Slide 25: History of Hypoport Group
History of Hypoport Group Long-term changes in revenue and EBIT Established 7Y Start-up 7Y 4Y+ Upscaling and expansion despite fin. crisis Revenue (€ million) 195 122 98 26 4 1999 2006 2013 2017 6M 2018 EBIT (€ million) 6 23 2 4 15 1999 2006 2013 2017 6M 2018 Hypoport AG, H1 2018 25
Slide 26: Contents
Contents 1. Market environment 2. Segment results 3. Overview of key performance indicators 4. Shares and investor relations 5. Investment highlights and outlook
Slide 27: Market capitalisation of more than €1 billion
Market capitalisation of more than €1 billion Shareholder structure and share information Breakdown of shareholders as at 30 June 2018 KPIs and indices KPI DETAILS VALUE Ronald Slabke (CEO) Treasury shares EPS Earnings per share 6M 2018 €1.88 Free float Number of Total number of shares 6,493,376 (of
Slide 28: Contents
Contents 1. Market environment 2. Segment results 3. Overview of key performance indicators 4. Shares and investor relations 5. Investment highlights and outlook
Slide 29: Many reasons for investing in Hypoport
Many reasons for investing in Hypoport Investment highlights The Hypoport Group brings together credit, real-estate and insurance services with technology. The growth in volume of transactions comfortably surpassed the growth of the market as a whole. Strong organic growth of previous years is conti
Slide 30: Contacts
Contacts Christian Würdemann Head of Group Operations Tel: +49 (0)30 420 860 Hypoport AG Email: ir(at)hypoport.de Klosterstrasse 71 10179 Berlin Jan H. Pahl Germany Investor Relations Manager Tel: +49 (0)30 420 86 1942 Email: ir(at)hypoport.de
Slide 31: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While Hyp
Slide 32: Annex
Annex
Slide 33: Share price rises sharply
Share price rises sharply Share price: from the date of joining the SDAX to Q2 2018 (daily closing price, Xetra, €) 170 160 150 140 130 120 110 100 90 80 70 60 50 Feb Feb Apr Feb Apr Apr Aug Sep Dec Aug Sep Dec Mar May Nov Mar Nov Mar Jun May Jun May Jun Jan '16 Jul Oct Jan '17 Jul Oct Jan '18 Hypop
Slide 34: Further expansion of investor relations activities
Further expansion of investor relations activities Investor events, analyst recommendations and awards RECOMMEN- TARGET RECENT INVESTOR EVENTS ANALYST DATE DATION PRICE Bankhaus Investor conference Hamburg 06/2018 Buy €180.00 18 Jul 2018 Metzler Roadshow Brussels 05/2018 Berenberg Hold €174.00 19 Ju