Gruppo MutuiOnline S p A : Consolidated half year financial report six months ended June 30, 2023

CONSOLIDATED HALF YEAR FINANCIAL REPORT

SIX MONTHS ENDED JUNE 30, 2023

(FIRST HALF 2023)

Prepared according to IAS 34

Gruppo MutuiOnline S.p.A. (in breve Gruppo MOL S.p.A. o MOL Holding S.p.A.)

Sede Legale: Via F. Casati, 1/A - 20124 Milano, Italy Sede Operativa: Via Desenzano, 2 - 20146 Milano, Italy

Tel [phone] - Fax [phone] - internet: www.gruppomol.it C.F. e P.I. 05072190969 - REA 1794425 - CCIAA 05072190969

Capitale Sociale Euro 1.012.354,01 Interamente Versato

		INDEX
1. GOVERNING BODIES AND OFFICERS	3
2.	INTERIM DIRECTORS' REPORT ON OPERATIONS	4
2.1.	Introduction	4
2.2.	Organizational structure	4
2.3. Information about the profitability of the Group	7
2.3.1.	Revenues	10
2.3.2.	EBITDA	10
2.3.3.	Operating income (EBIT)	11
2.3.4.	Financial Revenues/Expenses	11
2.3.5.	Taxes	11
2.3.6. Net income of the period	12
2.4. Information about the financial resources of the Group	12
2.4.1. Current and non-currentindebtedness	12
2.4.2. Capital resources, investments, and description of the cash flows	13
2.4.3. Changes in net working capital	14
2.5. Report on foreseeable evolution	15
2.5.1. Evolution of the Italian residential mortgage market	15
2.5.2.	Broking Division	15
2.5.3.	BPO Division	16
2.6. Other information	17

3. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND

FOR THE SIX MONTHS ENDED JUNE 30, 2023	19
3.1. Consolidated statement of financial position as of June 30, 2023 and December 31, 2022	19
3.2. Consolidated statement of income for the six months ended June 30, 2023 and 2022	20

3.3. Consolidated statement of comprehensive income for the six months ended June 30, 2023 and

2022 21

3.4. Consolidated statement of cash flows for the six months ended June 30, 2023 and 2022	22
3.5. Consolidated statement of changes in equity as of and for the six months ended June 30, 2023
and 2022	23
3.6. Explanatory notes	24
4. DECLARATION PURSUANT TO ART. 154-BIS PAR. 5 OF LAW DECREE 58/1998 ....	51

5. AUDITORS' REPORT ON THE REVIEW OF CONSOLIDATED CONDENSED

INTERIM FINANCIAL STATEMENTS

52

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1. GOVERNING BODIES AND OFFICERS

BOARD OF DIRECTORS
Chairman	Marco Pescarmona (1) (3) (5) (7)
Chief Executive Officer	Alessandro Fracassi (2) (3) (5)
Directors	Matteo De Brabant
	Fausto Boni
	Klaus Gummerer (4)
	Guido Crespi (4)
	Giulia Bianchi Frangipane (4)
	Camilla Cionini Visani (4)
	Maria Chiara Franceschetti (4)
	Stefania Santarelli (4)
BOARD OF STATUTORY AUDITORS
Chairman	Cristian Novello
Active Statutory Auditors	Paolo Burlando
	Francesca Masotti
Substitute Statutory Auditors	Filippo Colonna
	Barbara Premoli
INDEPENDENT AUDITORS	EY S.p.A.
COMMITTEES OF THE BOARD OF DIRECTORS
Audit and Risk Committee
Chairman	Giulia Bianchi Frangipane
	Camilla Cionini Visani
	Klaus Gummerer
Remuneration and Share Incentive Committee
Chairman	Guido Crespi
	Stefania Santarelli
	Matteo De Brabant
Committee for Transactions with Related Parties
Chairman	Maria Chiara Franceschetti
	Giulia Bianchi Frangipane
	Klaus Gummerer

1. The Chairman is the Company's legal representative.
2. The Chief Executive Officer legally represents the Company, dis-jointly from the Chairman, within the limits of the delegated powers.
3. Executive Director.
4. Independent non-executive Director.
5. Holds executive offices in some Group companies.
6. Lead Independent Director.
7. Executive Director in charge of overseeing the Internal Control System.

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2. INTERIM DIRECTORS' REPORT ON OPERATIONS

2.1. Introduction

Gruppo MutuiOnline S.p.A. (the "Company" or the "Issuer") is the holding company of a group of firms (the "Group") with an important position - through the entities of its "Broking Division" - in the Italian market for the online comparison, promotion and intermediation of products provided by financial institutions, e-commerce operators and utility providers (main websites www.mutuionline.it,www.prestitionline.it,www.segugio.it,www.trovaprezzi.itand www.sostariffe.it) and - through the companies of its "BPO Division" - in the Italian market for the provision of complex business process outsourcing services for the financial sector. Since February 2023, the Broking Division also has a significant position in the Spanish, French and Mexican markets for the online comparison and intermediation mainly of insurance products.

Please refer to the interim financial report as of and for the six months ended June 30, 2023.

In the following sections, we illustrate the main facts regarding the operations during the past half year and the current financial and economic structure of the Group.

2.2. Organizational structure

The structure of the Group and its Divisions is shown schematically in the following diagrams, in which all participations are 100% owned, except those for which a different percentage is indicated.

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Broking Division:

BPO Division:

Compared with the composition of the Group as of December 31, 2022, the following changes occurred:

• On February 1st, 2023, the Group completed the acquisition of 100% of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS, in accordance with the terms illustrated in the consolidated financial statement as of December 31, 2022. The consideration paid for the acquisition amounts to Euro 150,356 thousand. The main assets of the acquired companies are the Rastreator.com,LeLynx.frand Rastreator.mxportals, which represent leading operators in the sector of the online comparison and intermediation of mainly insurance products in Spain, Mexico and France.

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