Scout24 (G24) investor relations material

Rationale for compensation adjustments

• Supervisory Board (SvB) has only six members, resulting in higher individual responsibilities and low total compensation costs compared to peers.

• Increased complexity from acquisitions, tech competitiveness, and international expansion has raised time commitment and liability risk.

• Compensation is essential to attract and retain high-caliber members, with current levels at the median for MDAX and below the 10th percentile for DAX peers.

• No further compensation adjustment planned until 2030, following statutory review cycles.

Performance and value creation

• Achieves top-tier revenue growth, with a 13% CAGR (2022-2025), outperforming MDAX, DAX, and international peers.

• Leads in revenue and EBITDA per FTE, reflecting high productivity and efficiency.

• Maintains superior free cash flow margin (42%) and reported EPS CAGR (28%), ranking in the top percentiles.

• Delivers strong total shareholder return (29% CAGR, 2022-2025), well above peer medians.

Details of proposed compensation adjustments

• Chair fixed compensation to increase from €175,000 to €275,000; Deputy Chair from €140,000 to €220,000; ordinary member from €70,000 to €110,000.

• Audit Committee Chair compensation rises from €50,000 to €120,000; other committee roles also see increases.

• New shareholding requirement: SvB members must invest at least 100% of one year's fixed compensation within four years.

• After adjustment, total SvB compensation will be at the 64th percentile for MDAX and 8th percentile for DAX peers.

• Individual compensation reflects expanded responsibilities and aligns with international investor expectations.