Final Results 2016 - HolidayCheck Group · Final Results 2016 2 1. Overview 2016: What we achieved...

Final Results 2016Georg Hesse (CEO)

Nate Glissmeyer (CPO) Dr Dirk Schmelzer (CFO)

24 March 2017

Final Results 2016 2

1. Overview 2016: What we achieved• HolidayCheck continued to take market segment

share in German package holiday market segment; weak Q1-3, strong Q4

• HolidayCheck travel center with strong growth

• WebAssets with revenue growth of continuedoperations of 7 percent

• Group Revenue grew by 3.5 percent in 2016 and accelerated 8.6 percent in Q4 2016

• Operating EBITDA 2016: EUR 2.7 million

• Share buyback started

• Migration of IT platform

• Product improvements core product package

• New verticals in testing

2. Financials 2016

2. Financials 2016: Group figures of HolidayCheck Group


In EUR million 2016 2015 Change in % Revenue 107.3 104.4 +2.8

Revenue adjusted for disposals 107.1 103.5 +3.5

EBITDAEBITDA margin

2.82.6%

1.61.5%

+75.0

Depreciation (5.7) (16.1) (64.6)

EBITEBIT margin

(3.0)(2.8)%

(14.5)(13.9)%

(79.3)

Financial result 0.2 (1.9) -

EBTEBT margin

(2.8)(2.6)%

(16.4)(15.7)%

(82.9)

EAT of continued operations (2.5) (16.4) (84.8)

EPS of continued operations (in EUR) (0.04) (0.28) (85.7)

2. Financials 2016: HolidayCheck Group is debt free –Equity ratio of 86% & net cash position of EUR 40 m.


52,441,3

52,1 53,7

76,386,1

47,658,7

47,9 46,3

23,713,9

0%

20%

40%

60%

80%

100%

12 2011 12 2012 12 2013 12 2014 12 2015 12 2016

Equity ratio vs. debt ratio 2011 – 2016in percent

Equity ratio Debt ratio


2. Financials 2016: Share buyback program

• Intended purpose: As a salary component theshares shall be offered to employees ofHolidayCheck Group and its subsidiariesas well as to the Executive Board

• No. of shares bought back as of March 20th: 622,426

• Average price per share: 2.52 €

3. Product update 2016


3. Product update 2016:Successful platform migration

• HolidayCheck with successful platform migration• New tech stack• Faster• Easier to iterate

• Launch of new homepage and several newfeatures, e.g.

• hotel index – clearer display of relevant information led to conversion improvement

• media gallery – to give Urlaubers a bettersense of what the destination is like

• review funnel – to drive user-generatedreviews


3. Product update 2016: Away holiday magazine

• In December we launched Away byHolidayCheck – our new inspirational online holiday magazine

• www.away.holidaycheck.de


3. Product update 2016: Zoover• Homepage relaunch• Accelerated A/B tests• Moved websites to Google cloud

4. Strategy update 2016


4. Strategy update 2016: Recognized as Best in Class• HolidayCheck

• MietwagenCheck


4. Strategy update 2016: HolidayCheck travel center

• HolidayCheck travel center with strong growth, higher average basket value (ABV) and growing share within HolidayCheck


4. Strategy update 2016: New verticals

• Package roundtrips product started

• Cruise team formed to implement own cruise product in 2017


4. Strategy update 2016: WebAssets moved to Amsterdam

• WebAssets (Zoover & WeerOnline/Meteovista) moved its office to Amsterdam in order toattract international talents

• Preparation for platform migration to new techstack of HolidayCheck

5. Outlook 2017


5. Outlook 2017:We stick to our vision & mission

Our vision:We are the most Urlauber*-friendly company in the world

Our mission:We make life of Urlaubers better!

* Urlauber [uːɐlaʊbɐ] is the German term for vacationer, holiday-maker


5. Outlook 2017:We focus on our strategic pillars

Our regional focus:DACH, Benelux, Poland

Our thematic focus:Relaxing holidays


5. Outlook 2017:Brick and mortar travel agencies are our source of business

Our source of business:70 % of all package holidays in Germany are still booked offline.We aim to change that!

5. Outlook 2017:The new management team is in place


Georg HesseCEO

Markus ScheuermannCFO (as of 29 May 2017)

Nate GlissmeyerCPO & SVP Engineering

5. Outlook 2017:We want to be the best team


Our focus on talent:We want to be the best team in the travelindustry – therefore we implemented a newprogram called talent 2020 in order to attractonly the best talents

Improve packageholiday

experience

Improve quality of

data & content

Strengthen brand

awareness

Scale servicecenter

1 2 3 4

Invest in people: mostly tech Invest in peopleInvest in brandmarketing

Additionally: New product(s), MietwagenCheck carve-out, Zoover IT migration

22

5. Outlook 2017: Company goals & invest areas

Final Results 2016


5. Outlook 2017:Our guidance

Our invest areas 2017:• Package: core product experience• Hotel only: continue to grow• Scale travel center by hiring further

employees• Improve cruise experience on website by

building own cruise product• Build where we can, buy where we need


5. Outlook 2017:Our guidance

Our guidance 2017:• High single-digit growth in revenues• We continue to invest in people, tech and

marketing• Hence op. EBITDA EUR -5 to 0 million• Q1 with accelerated growth• We are hunting the big game!

Our long-term ambition:• Sustainable double-digit growth• Invest now to gain leverage on personnel

and marketing costs in outyears


5. Outlook 2017:Our way towards excellence

Transformation Delivery Differentiation Execution

2016 2017 2018 2019

Tech Excellence

Marketing Efficiency

Customer Experience

Team Quality

Strategic areasof development

THANK YOUFOR YOUR ATTENTION!

Financial calendar


Date* Event Location28 March 2017 Bankhaus Lampe Germany Conference 2017 Baden-Baden, Germany

31 March 2017 Publication of Annual Report 2016 (German version) Munich, Gemany

27 April 2017 Solventis Aktienforum 2017 The Squaire, Frankfurt Airport, Germany

5 May 2017 Publication of Interim Statement Q1 2017 Munich, Germany

8-10 May 2017 Goldman Sachs European Small & Mid Cap Symposium 2017 London, United Kingdom

30 May 2017 Annual General Meeting Haus der Bayerischen Wirtschaft, Max-Joseph-Str. 5, 80333 Munich, Germany

8 August 2017 Publication of Interim Report HY1 2017 Munich, Germany

18 September 2017 Goldman Sachs & Berenberg 6th German Corporate Conference Munich-Unterschleissheim, Germany

8 November 2017 Publication of Interim Statement Q1-3 2017 Munich, Germany

November 2017 German Equity Forum 2017 Frankfurt, Germany

* Provisional dates

www.holidaycheckgroup.com HolidayCheck Group @HolidayCheckGrp

Georg HesseCEO

T: +49 89 357 680 [email protected]


Armin BlohmannDirector Group Comm. & Investor Relations

T: +49 89 357 680 [email protected]

Disclaimer


This presentation contains 'forward looking statements' regarding HolidayCheck Group AG, including opinions, estimates and projections regarding HolidayCheckGroup AG’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known andunknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of HolidayCheck Group AG to bematerially different from future results, performance or achievements expressed or implied by such forward looking statements.These forward looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct.No representation or warranty, express or implied, is made by HolidayCheck Group AG with respect to the fairness, completeness, correctness, reasonableness oraccuracy of any information and opinions contained herein.The information in this presentation is subject to change without notice, it may be incomplete or condensed, and it may not contain all material informationconcerning HolidayCheck Group AG.HolidayCheck Group undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result ofnew information, future events or otherwise.

Final Results 2016 - HolidayCheck Group · Final Results 2016 2 1. Overview 2016: What we achieved...

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