47 easyroommate noah sf 2012
DESCRIPTION
Presentation given at NOAH Conference San Francisco on June 26 2012 www.noah-conference.comTRANSCRIPT
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Leading International Marketplace for Online Classifieds
W3 Group
NOAH Conference San Francisco
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W3 – A classifieds specialist
2
started in 98, largest roommate site in the world.
started in 05, Free Classifieds in 14 countries.
W3 150 Employees between London and NYC.
Revenue $35m (+30%), Ebitda 30%
No debt or outside investors.
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Market Opportunity
3
1. Leadership position in flat-sharing market • #1 or 2 in core markets
2. Strong underlying growth drivers
• Cost of living rising faster than salaries
3. Market consolidation opportunity
• Highly Fragmented competitive landscape
• Opportunity for acquisitions globally.
Easyroommate present in 37 countries, 11 languages.
Europe Americas Rest of the world
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How does it work? 3 Easy Steps.
1. Visitors post a Free Listing: either they are looking for a room or offering a room to rent.
2. Visitors are able to see a full list of other listings that match their search criteria.
3. Premium Members (paid membership) can contact any members they wish to.
* Visitors with a free membership can contact premium members only.
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Key Performance Indicators
Source: Company information Note: Relates to FY 2011 average unless otherwise stated
37 Countries in
operation
c.60% Direct traffic
2.2m Average UMVs
c.260k Users
c.11% User to premium
subscriber conversion
30% Revenue growth
95% Revenues from
subscription model
$9.2m 2012E Revenue
$3.2m 2012E EBITDA
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Key Performance Indicators
Apr 2012 PVs
480m
Apr 2012 Visits
56m
Apr 11-12 Visit growth
39%
% traffic from SEO
49%
% traffic from Direct
22%
% traffic from SEO + Direct
71%
Total global listings
4.1m
Real Estate & Vehicle verticals
43%
Buy & Sell vertical
22%
Audience Metrics
Traffic Sources
Key verticals
“One of the largest independent free classifieds sites in the world”
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W3 Group - Relevance for the US market
• Acquisitive in niche verticals classifieds space.
• Ready to incubate Latin American and/or European expansion of
US classifieds sites.
Unique Industry Know-How Core Investment Banking Competence
Unmatched Network and Relationships Full Commitment - We Are Entrepreneurs!
100% focused on Internet companies, covering over 25 sub-verticals in this highly complex industry - 15+ years active coverage of leading European
Internet companies and investors Deep understanding of industry dynamics and
thinking of industry leaders Ability to add value beyond banking advice
- Facilitates overall process and minimizes management distraction
The NOAH team has 25+ years of media investment banking experience - Routine execution of M&A and financing
transactions with sizes of several billion euros The team has been working together closely for 7
years (including 6 years at Lehman Brothers) 8 successfully completed NOAH Advisors
transactions underline successful transfer of competencies to the Internet sector
NOAH Advisors is globally very well connected and has direct access to virtually all key players in the industry - Knowledge of and strong relationships with
potential buyers’ key decision makers - Coverage of over 500 companies and 4,000
individuals - Proactively finds and unlocks attractive
investment opportunities for leading investors (e.g. Bigpoint)
Annual NOAH Conference
The NOAH team are entrepreneurs and focused on growing the business and establishing a reputation for excellence
Full commitment to deliver top quality results in short time frames
Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results
NOAH Advisors - Europe’s Leading Internet Corporate Finance Boutique
Marco Rodzynek
Managing Director and Founder
Yoram Wijngaarde
Director
Jan Brandes
Director
Contact Details [email protected] UK Mobile: +44 77 85 330 330 Swiss Mobile: + 41 79958 1512
Contact Details [email protected] UK Mobile: +44 79 17 084 784
Contact Details [email protected] German Mobile: +49 174 2010 984
The NOAH Advisors Core Team
Selected Completed NOAH Transactions
July 2011
April 2011 April 2011
December 2009 April 2009
Advisor to EnGrande
Sale of a majority stake in
to
have acquired a majority stake in
for $350m from
Exclusive Advisor to Summit Partners and TA Associates
Advisor to Yatego
Sale of a majority stake in
to
Advisor to Softonic
Partial sale of
to
Valuing Softonic at €175m
Advisor to Fotolia
$80m partial sale of
to
May 2012
150 million growth equity investment from
for a 50% stake alongside Fotolia’s Founders and
Additional $150 million senior debt financing Total $300 million investment
Financial Advisor to Fotolia and its Shareholders
November 2011
Sale of a majority stake in
to Quants Financial Services AG
Exclusive Financial Advisor to grupfoni and its Shareholders
April 2012
Sale of a 100%-stake in
to
Financial Advisor to Toprural and its Shareholders
The conference will again take place at Old Billingsgate in London Registration will open in early 2012 For updates, please check: www.noah-conference.com
Introduction to the NOAH Conference Overview of the NOAH Conference 2011
NOAH ‘12 on 6-7 November – Save the Date
The NOAH Conference is an annual Internet event taking place once a year in London, focused on top management from Internet start-ups to global media companies as well as senior investment professionals
NOAH’s goal is to create a marketplace for the European Internet eco-system to discuss key trends, generate business and facilitate investment transactions
Over the past 3 years numerous high-profile speakers presented at NOAH, including over 100 CEOs
The NOAH Conference was founded in 2009 by Marco Rodzynek and is organised by the NOAH Advisors team with sponsorship from some of the world’s leading financial investors
NOAH ‘11 took place on 9-10 November 2011 at Old Billingsgate in London
Fantastic line-up of 90 speakers from 20 countries in keynotes, presentations and panels over 2 full days
1,150 attendees from 35 countries – 57% from Internet companies, 26% from investors, 15% from corporates (media companies, advisors, PR and recruiting) and 2% press representatives from leading on- and offline publications
NOAH party with additional guests from London and a great live band on the evening of the first day
Extremely positive feedback from numerous attendees, on twitter and in the press
Event Sponsors
Conference Program
Selected Conference Impressions
Summary Overview
Strategic Sponsors