Moltiply Group (MOL) investor relations material

Executive summary

• Nine-month revenues reached €467.1 million, up 45.4% year-over-year, with Q3 revenues at €165.4 million (+55.3% YoY).

• EBITDA for the nine months was €120.8 million (+42.4% YoY); Q3 EBITDA was €43.5 million (+52.2% YoY).

• Net income for the nine months was €38.0 million (+28.0% YoY); Q3 net income was €16.0 million (+66.6% YoY).

• Growth was driven by both organic performance and the consolidation of Verivox and other acquisitions.

• Broking (Mavriq) and BPO & Tech divisions both contributed significantly to growth.

Financial highlights

• EBITDA margin for the nine months was 25.9%; Q3 EBITDA margin was 26.3%.

• Operating income (EBIT) for the nine months was €75.5 million (+54.0% YoY); Q3 EBIT was €26.8 million (+60.9% YoY).

• Net income margin for the nine months was 8.3%; Q3 net income margin was 9.9%.

• Services and personnel costs increased due to expansion and higher headcount.

• Financial expenses rose from higher loan costs and recalculation of liabilities.

Segment performance

• Mavriq (Broking Division) nine-month revenues were €268.2 million (+70.8% YoY); Q3 revenues up 91.8% YoY.

• BPO & Tech Division nine-month revenues were €198.8 million (+21.2% YoY); Q3 revenues up 18.0% YoY.

• Mavriq nine-month EBITDA was €78.1 million (+68.8% YoY); Q3 EBITDA up 78.9% YoY.

• BPO & Tech nine-month EBITDA was €42.6 million (+10.7% YoY); Q3 EBITDA up 14.3% YoY.

• Mavriq operating income up 81.0% to €54.5 million; BPO & Tech operating income up 11.2% to €21.0 million for the nine months.