home24 Q4 & FY 2020 Trading Update

9 February 2021

Management summary, FY 2020 preliminary unaudited figures

Order intake growth accelerated to 58% in Q4 2020, raising FY 2020 growth to 46% YoY. January trading with continued strong momentum in order intake of +70% YoY (all in CC).

Q4 revenue growth of 50% brings FY 2020 to 42% and thus upper end of guidance range (in CC, last upgraded Nov 11th). Q4 adj. EBITDA at 4% or EUR 6m, leading to FY adj. EBITDA of 3% or EUR 17m (significant improvement of 10pp or EUR 45m YoY).

Financial year 2020 cash flow positive, also excluding capital increase of EUR 46m. Cash and cash equivalents at the end of 2020 at EUR 103m (pre Mobly IPO).

Public listing of our Brazilian business Mobly on February 5, to make growth financing more independent from home24. Gross proceeds of c. EUR 121m to Mobly, and up to EUR 24m to home24. Pricing of BRL 21 per share at c. 4x LTM Q3 2020 Sales (in BRL).

Post capital measures, both EU and Latam segments of home24 have more than EUR 100m funds available to invest in accelerated growth, having reached core profitability in 2020.

FY 2021 guidance for revenue and adj. EBITDA will be communicated with the publication of audited financials on March 31st, to best reflect remaining pandemic related uncertainty and strategic growth initiatives initiated post capital measures in both, EU and Brazil.

All figures preliminary and unaudited

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Today's agenda

  1. Business Update
  2. Q4 & FY Financials
  3. Outlook and Q&A

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Business Update

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home24 SE published this content on 09 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2021 08:14:02 UTC.