03/11/2022: Q3/9M 2022 Quarterly Statement

Moving to the next level

Quarterly

Statement Q3/9M 2022

1

Content

Quarterly development at a glance	3
Important events of the third quarter	4
Operating performance of the Group	5
Operating performance of the segments	10
Outlook full year 2022	12
Imprint	13

Disclaimer

Scout24 SE as the parent entity together with its direct and indirect subsidiaries form the Scout24 Group. Insofar as information in the following statement refers exclusively to Scout24 SE, express reference is made to the Company ("Scout24 SE") accordingly. The terms "Scout24 Group", "Scout24", "Scout24 Group" refer to the Group as a whole.

All information contained in this document has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of the Scout24 Group. These statements may be identified by words such as "may", "will", "expect", "anticipate", "contemplate", "intend", "plan", "believe", "continue" and "estimate" and variations of such words or similar expressions. Such forward-looking statements are based on the current assessments, expectations, assumptions and information of Scout24's Management Board. They are subject to a large number of known and unknown risks and uncertainties and there is no guarantee that the anticipated results and developments will actually materialise. In fact, actual results and developments may differ materially from those reflected in the forward-looking statements. Differences may be due to changes in the general macroeconomic and competitive environment, capital market risks, exchange rate fluctuations, changes in international and national laws and regulations, including but not limited to tax laws and regulations, relevant for Scout24, and many other factors.

Scout24 undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law. Scout24 also uses alternative performance measures, not defined by IFRS, to describe the Scout24 Group's results of operations. These should not be viewed in isolation but treated as supplementary information. Alternative performance measures used by Scout24 are defined at the corresponding place in the report. The special items used to calculate some alternative performance measures arise from the integration of acquired businesses, restructuring measures, impairment losses, gains or losses on sale resulting from divestitures and the sale of shareholdings, and other expenses and income that generally do not arise in conjunction with Scout24's ordinary business activities.

Due to rounding, numbers presented throughout this report may not add up precisely to the totals indicated, and percentages may not precisely reflect the absolute figures for the same reason.

The Q3/9M figures contained in this statement have neither been audited in accordance with §317 HGB nor reviewed by an auditor.

Scout24 _ Quarterly Statement Q3/9M 2022

2

Quarterly development at a glance

Quarterly development at a glance

We continued the strong revenue momentum of the first two quarters, both at Group and segment level, with Group revenue growth of 17.7% in the third quarter of 2022 and 15.7% in the nine-month period. As part of our strategic evolution towards a digital real estate transaction platform, we offer products that make real estate transactions more digital and efficient, in addition to listings for marketing real estate. Our broadly diversified product portfolio is generating attractive, sustainable growth momentum. The structural shifts in the market caused by inflation and higher interest rates are leading to increased demand for marketing and services and are thus having a positive impact on product demand from agents and private individuals.

This was reflected in accelerating growth of agent memberships within our core business. Our largest segment, the Professional business, achieved a double-digit percentage increase in revenue (Q3 2022: +13.0%; 9M 2022: +11.5%). The main growth driver in Q3 2022 was our Private segment, where revenues increased by 34.2% due to strong demand for Plus products. Already in the previous quarters, we had observed a market-drivenpick-up in the individual listings business and an associated increase in pay-per-ad listing (PPA) revenues in both the Professional and Private segments. This trend continued into the third quarter. Revenues in the Media & Other segment increased by 7.5% with strong business growth in Austria.

As a result of the strong revenue growth and a slowdown in cost increases, ordinary operating EBITDA in Q3 2022 increased by 17.3% (9M 2022: +12.1%), a similar rate to revenues and more strongly than in H1 2022, where it increased by 9.5% year-on-year. Accordingly, the ordinary operating EBITDA margin was 55.7% in the third quarter and 55.6% in the nine-month period. Taking into account previously announced growth investments, however, the margin in the nine-month period was 1.8 percentage points below the prior-year margin. Group EBITDA (unadjusted) increased by 8.8% year-on-year in the first nine months to EUR 166.8 million (Q3 2022: +3.2%).

The negative financial result increased year-on-year from EUR -7.5 million in the nine-month period to EUR

• 20.5 million. This is related to the management of our liquidity, which generated a negative return in the first half of the year due to declining price developments on the stock and interest rate markets. Due to the liquidation of the special securities fund in June 2022, these financial expenses have now been realized. We were nevertheless able to achieve an increase in earnings after tax of EUR 79.6 million in the first nine months of 2022 as a result of lower depreciation and amortization. The increase in earnings after tax along with significant share buybacks since April 2021, contributed to an earnings per share increase of 28.4% to EUR 1.01 in the nine-month period.

KEY FINANCIAL PERFORMANCE INDICATORS

EUR million

Group revenue

of which Professional

of which Private

of which Media & Other

Group ordinary operating EBITDA1

Group ordinary operating EBITDA margin2 (in%)

Group EBITDA3

Earnings after tax

Earnings per share, in EUR (basic)

Q3 2022	Q3 2021	Change	9M 2022
114.7	97.5	+17.7%	332.3
74.5	66.0	+13.0%	217.4
31.6	23.5	+34.2%	89.3
8.6	8.0	+7.5%	25.6
63.9	54.5	+17.3%	184.6
55.7%	55.9%	-0.2 pp	55.6%
53.8	52.1	+3.2%	166.8
32.7	24.0	+36.6%	79.6
0.42	0.29	+47.7%	1.01

9M 2021

Change

287.2 +15.7%

195.0 +11.5%

68.7 +29.9%

23.4 +9.4%

164.7 +12.1%

57.4%

-1.8 pp

153.4 +8.8%

70.5 +13.0%

0.79 +28.4%

1

2

3

Ordinary operating EBITDA is EBITDA adjusted for non-operating effects, mainly expenses for share-based compensation, M&A activities The operating EBITDA margin is defined as ordinary operating EBITDA as a percentage of revenue.

EBITDA (unadjusted) is defined as earnings before financial result, income taxes, depreciation, amortization and any impairment losses and reversals of impairment losses.

Scout24 _ Quarterly Statement Q3/9M 2022

3

Important events of the third quarter

Important events of the third quarter

• Business model proves resilient in current market environment
  Rising interest rates, higher prime costs, and the uncertain geopolitical and macroeconomic environment are impacting the German real estate market. Thanks to the marketing strength of our ImmoScout24 platform and the added value of our diversified product range, we are becoming even more important in this environment, especially in our core business with real estate agents. We were also able to attract new agent customers in the third quarter (Q3: +3.3%; 9M: +2.9%).
• Record subscriptions for Plus products and strong demand for individual orders (pay-per-ad)
  The structural market shifts also boosted demand for our Plus products and individual listings. Our Plus products reached a record 300,000 subscribers for the first time in June (Q3 2022: 315,734). Revenues from the private PPA business increased by around 36% year-on-year in the third quarter.
• Share buybacks reach around 61% of target volume at end of quarter
  In March of this year, Scout24 launched its current share buyback programme, which is to be implemented with a volume of up to EUR 350 million. By 30 September 2022, 3,918,339 shares worth EUR 212.8 million had been repurchased. At the end of the third quarter, we held a total of 4,043,146 treasury shares, representing 5.0% of the capital stock (80,200,000 shares). The March programme will end no later than
  7 April 2023. Further information on the share buyback programmes can be found at:https://www.scout24.com/en/investor-relations/share/share-buybacks.
• Increased dividend per share distribution compared to last year
  On 5 July 2022, the company paid a dividend of EUR 66.4 million (previous year: EUR 68.5 million) to dividend
  entitled shareholders, equivalent to EUR 0.85 (previous year: EUR 0.82) per dividend-entitled share based on the corresponding resolution of the Annual General Meeting held on 30 June 2022.
• Scout24 launches employee share programme
  Since September 2022, Scout24 employees have been able to participate in the performance of the Scout24 share as part of a newly launched share programme (ESPP). We thus enable our employees to become co-owners of our Company on favourable terms and to participate in the Company's success in the long term. A total of 35% of eligible employees participated in the share programme.
• Scout24 receives improved MSCI rating
  The rating service provider MSCI published an updated ESG rating for Scout24 this quarter. Scout24 SE's rating improved from 'BBB' to the next highest level 'A', with a particularly good result in the area of governance and environment. We lead our peer group companies in terms of our corporate governance practices. An update of the Bloomberg Gender Equality Index is expected towards the end of the year.
• ImmoScout24 lets real estate have its say in new TV campaign
  In September 2022, ImmoScout24 launched a new TV campaign in which properties themselves have their say. Their message - 'I'm here' - explains the opportunities they offer potential tenants or buyers. The spots will be played in the media through 2023 and extended via mailings, push messages and in print media. Another campaign focusing on homeowners will further strengthen Scout24's TV presence in the coming months.

Scout24 _ Quarterly Statement Q3 2022

4

Operating performance of the Group

Operating performance of the Group

Development of listings and traffic

NON-FINANCIAL KEY FIGURES

		Q3 2022		Q3 2021		Change	9M 2022		9M 2021		Change
ImmoScout24.de (IS24) listings1		404,801		351,834		+15.1%		371,880		374,007		-0.6%
IS24 monthly website users (million)2		14.5		14.9		-3.0%		15.0		16.2		-7.6%
IS24 monthly app users (million)2		4.5		4.5		-0.6%		4.6		4.6		+1.3%
IS24 monthly sessions (million)3		98.9		96.7		+2.3%		104.4		103.7		+0.8%

1

2

3

Source: ImmoScout24.de; listings in Germany (average of the end of each month in the period)

Unique monthly visitors on ImmoScout24.de (average of the individual months), irrespective of how often they visit the marketplace during the month. Since the first half of 2021, the data is no longer obtained from AGOF e. V. but from Google Analytics; the previous year's figures were adjusted accordingly.

Number of monthly visits (average of the individual months) in which individual users interact with the website or app via a device; a visit is considered completed if the user is inactive for 30 minutes or more; source: internal measurement using Google Analytics.

The number of listings which are counted at the month end improved by 15.1% year-on-year in Q3, as shown in the table above. As in Q2, we saw an increase in listings for sale while rental listings declined. The shift in demand from buy to rent thus continued to manifest itself in Q3. Scout24 is well equipped for the increasing supply of properties for sale as well as the increase in rental seekers. We have a strong marketing platform and a broad product offering for property seekers, which is why the current market environment has had a positive impact on Scout24's key financial figures.

As a result of the war in Ukraine and its increasingly noticeable economic effects, the use of our marketplace (traffic measured in monthly users) declined slightly overall in the third quarter. Traffic measured in monthly visits (sessions) rose 2.3% in a quarter-on-quarter comparison.

Earnings situation

Revenue and total operating performance

EUR million			Q3 2022		Q3 2021		Change	9M 2022		9M 2021		Change
Revenue			114.7		97.5			+17.7%		332.3		287.2		+15.7%
Own work capitalised			7.3		7.2			+1.0%		21.8		19.5		+11.5%
Own work capitalised as % of revenue			6.3%		7.4%			-1.1 pp		6.5%		6.8%		-0.3 pp

Our consolidated revenues grew by 17.7% to EUR 114.7 million in the third quarter of 2022 and by 15.7% to EUR

332.3 million in the nine-month period. All five growth drivers presented at the 2021 Capital Markets Day contributed to this.

• Rate card adjustments and upgrades to memberships with more marketing capacity, combined with continued growth in customer numbers, enabled us to increase agent membership revenues in the core business by 11.1% to EUR 56.6 million (9M 2022: EUR 163.5 million).
• Despite the slightly weaker momentum of the seller leads business over the course of the year due to market conditions, this growth driver made a significant contribution to revenue growth. Overall, the seller leads business increased by 17.5% to EUR 9.7 million in Q3 (9M 2022: +26.7%). Among others, the ImmoScout24 Realtor Lead Engine (RLE) business accounted for EUR 6.5 million and the commission-based Immoverkauf24 mandate business accounted for EUR 3.1 million.
• Due to inflation and interest rates, the development of the mortgage business softened slightly. (Q3 2022: +5.6%; 9M 2022: +15.6%). In contrast, demand for pre-qualified financing mandates and corresponding advisory expertise is increasing in the current interest rate environment. Our commission-based business remained of minor importance in Q3 2022.

Scout24 _ Quarterly Statement Q3 2022

5