final results q2 2016
Post on 14-Feb-2017
226 Views
Preview:
TRANSCRIPT
Final Results Q2 2016
Georg Hesse (CEO) - Dr Dirk Schmelzer (CFO)
5 August 2016
Final Results Q2 2016 2
Challenges Q2 2016 –
German and Dutch package
markets with 5-10% decrease
• More headwinds than tailwinds
• German and Dutch package markets with
bookings approx. -5 to -10% in Q2 2016
• Terror attacks, e.g. in Turkey
• Resulting in high cancellation rate
Final Results Q2 2016 3
Improvements Q2 2016 –
HolidayCheck with strong growth
in market segment share and
revenue in a weak package
holiday market segment
• HolidayCheck continues to take market segment
share in a weak German package holiday market
segment, revenue growth of 13 percent in package
DACH and 28 percent in package NL
• Revenue losses in OTA NL, B2B and Hotel Only
• Overall revenue grew by 2.5 percent in Q2 2016
• The new IT platform is performing well
• Introduction of new features, e.g. new
HolidayCheck homepage, offer list, media gallery,
review funnel
• HolidayCheck continues with
comparatively low off-line
media spend
• HolidayCheck still with high
traffic performance due to
strong SEO traffic and brand
position
Local competitors with significant media spend - HolidayCheck
maintains high traffic generator due to strong brand positionGross off-line media spend in the travel industry, HY1 2016
In EUR million
Final Results Q2 2016 4
0
10
20
30
40
50
60
UnisterUnister
Local players with high
media spend
Global players, partly
with low DACH focus
HC with outperformance in weak German package market
Final Results Q2 2016 5
Key driving forces behind HolidayCheck performance
• Focus on customer satisfaction
• Content and search engine optimization (SEO as key assets)
• Disciplined spending in off-line marketing as well as in search engine marketing (SEM) by offering vouchers as an
alternative marketing tool to attract existing and new customers
-15
-10
-5
0
5
10
15
20
25
30
35
1 2015 2 2015 3 2015 4 2015 5 2015 6 2015 7 2015 8 2015 9 2015 10 2015 11 2015 12 2015 1 2016 2 2016 3 2016 4 2016 5 2016 6 2016
Monthly relative growth rate 2015 & HY1 2016 package holiday bookings HolidayCheck vs German package market
in % vs. PY; source: Traveltainment
Product updateHY1 2016
Final Results Q2 2016 7
New HolidayCheck
homepage is live
• Bounce rate decreased
• Conversion rate improved
Strong review growth on HC and Zoover Growth rate of reviews HY1 2016 vs HY1 2015
Final Results Q2 2016 8
+16% +81%
Financial KPIsHY1 & Q2 2016
Group figures of HolidayCheck Group HY1 2016
Final Results Q2 2016 10
In EUR million Q2 2016 Q2 2015 Change HY1 2016 HY1 2015 Change
Revenue 24.9 24.3 +0.6 55.0 54.7 +0.3
EBITDA
EBITDA margin
0.3
1.2%
(0.2)
(0.8)%
+0.5 1.0
1.8%
1.6
2.9%
(0.6)
Operating EBITDA
Operating EBITDA margin
(0.2)
(0.8)%
0.5
2.0%
(0.7) 0.2
0.4%
4.1
7.5%
(3.9)
Depreciation (1.4) (1.6) +0.2 (2.8) (3.2) +0.4
EBIT
EBIT margin
(1.1)
(4.4)%
(1.8)
(7.4)%
+0.7 (1.8)
(3.3)%
(1.6)
(3.1)%
(0.2)
Financial result 0.1 (0.4) +0.5 0.1 (0.7) +0.8
EBT
EBT margin
(1.0)
(4.0)%
(2.2)
(9.1)%
+1.2 (1.7)
(3.1)%
(2.3)
(4.2)%
+0.6
EAT of continued operations (1.0) (2.3) +1.3 (1.7) (3.0) +1.3
EAT of discontinued operations (0.3) 17.4 (17.7) 0.1 17.3 (17.2)
EAT (1.3) 15.1 (16.4) (1.6) 14.3 (15.9)
EPS of continued operations (in
EUR)(0.02) (0.04) +0.02 (0.03) (0.05) +0.02
EPS (in EUR) (0.02) 0.26 (0.28) (0.03) 0.25 (0.28)
HolidayCheck Group is debt free –
Equity ratio of 85% & net cash position of EUR 32 million
Final Results Q2 2016 11
52,441,3
52,1 53,7
76,385,4
47,658,7
47,9 46,3
23,714,6
0%
20%
40%
60%
80%
100%
12 2011 12 2012 12 2013 12 2014 12 2015 Q2 2016
Equity ratio vs. debt ratio 2011 – Q2 2016In percent
Equity ratio Debt ratio
Outlook
Our current situation
Final Results Q2 2016 13
• The company DNA is already Urlauber-
oriented
• We own unique review content
• We enjoy an extraordinarily high level of trust
among Urlaubers
• We are a renowned expert for beach holidays
• Post-migration IT platform is state-of-the-art
• We gain market segment shares in a rough
and competitive environment
• Currently rough market conditions due to
strong competition and terrorist attacks
• High marketing expenditure
• High dependence on core product package
holidays
• Booking of package holidays is far too
complicated
• Shift from stationary to mobile internet usage
a challenge for content driven models
Package market segment offers growth potential
Final Results Q2 2016 14
Package is key
segment for
HolidayCheck
Today still offline
dominated
Significant growth
potential
72%
44%30%
28%
56%70%
Offline
HotelFlight/ Train
Online
Package*
Total size of German travel market 2015: € ~54 bn
(thereof package holidays 2015: € ~15 bn)
• Interesting market with
growth potential
• We make it much easier
to book a package holiday
• The fundamentals are:
• Trust
• Technology
Package holidays
*All privately booked trips with a duration of at least 2 days and one pre-paid element, at least
Source: Own estimate based on the GfK Travelscope 2.0 survey (survey period 2013/2014)
As an expert in beach holidays we see further
potential in adjacent sectors
Final Results Q2 2016 15
Package holidays Short trip Round trip Holiday homes Cruises
�• Our customers are demanding a broader range of recreational
holiday offers in adjacent sectors
• Expansion into 2 to 3 new sectors reasonable – preferably by in-
house development
� We love to address the complex local market needs� We love to address the complex local market needs
Final Results Q2 2016 16
Next steps to build the
most Urlauber-friendly
company in the world
• Offer full range around the needs of the Urlauber
• Build on core values of the group: trust,
reliability, transparency
• Create continuous customer experience on all
devices
• Long-term customer-centric culture of
continuous innovation
• M&A: Build where we can, buy where we need
• 2016: we stick to our guidance
Appendix
Final Results Q2 2016 18
The HolidayCheck GroupOur corporate structure
Enter your headline here!We are the most Urlauber*-friendly company in the
world
Our vision
* Urlauber [uːɐlaʊbɐ] is the German term for vacationer, holiday-maker Final Results Q2 2016 19
Enter your headline here!We make life of Urlaubers better!We offer the most trustworthy platform for holidays. With us
Urlaubers find the perfect holiday in a fast, easy and inspiring
way and can instantly book it!
Our mission
Final Results Q2 2016 20
Enter your headline here!
21
• We are on customers’ side – always!
• We think big & act on the long term
• We focus on relaxing holidays
• We focus on our customers from DACH, Benelux & Poland
• We are honest and transparent
• Our target group is customers who wish to know what to expect on their holiday
• Our core skill is to help Urlaubers finding the perfect holiday for them
• We are convinced that the best marketing investment is to build a product that our
customers will recommend to their friends and relatives
• We are not the biggest team but we want to be the best
Our strategic pillars
Final Results Q2 2016
Financial calendar
Final Results Q2 2016 22
Date* Event Location
8 September 2016 db Access European TMT Conference London, UK
15 September 2016 Bankhaus Lampe Small Cap Conference Dusseldorf, Germany
20 September 2016 Berenberg & Goldman Sachs German Corp. Conference 2015 Munich-Unterschleißheim, Germany
8 November 2016 Publication of the Interim Report for 3Q 2016 (German version) Munich, Germany
22 November 2016 Corporate presentation at the German Equity Forum 2016 Frankfurt, Germany
* Provisional dates
www.holidaycheckgroup.com HolidayCheck Group @HolidayCheckGrp
Georg Hesse
CEO
T: +49 89 9250 2416
Georg.Hesse@Holidaycheckgroup.com
Final Results Q2 2016 23
Dr Dirk Schmelzer
CFO
T: +49 89 9250 2416
Dirk.Schmelzer@HolidayCheckGroup.com
Armin Blohmann
Director Group Comm. & Investor Relations
T: +49 89 9250 1256
Armin.Blohmann@HolidayCheckGroup.com
Disclaimer
Final Results Q2 2016 24
This presentation contains 'forward looking statements' regarding HolidayCheck Group AG, including opinions, estimates and projections regarding HolidayCheck
Group AG’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of HolidayCheck Group AG to be
materially different from future results, performance or achievements expressed or implied by such forward looking statements.
These forward looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct.
No representation or warranty, express or implied, is made by HolidayCheck Group AG with respect to the fairness, completeness, correctness, reasonableness or
accuracy of any information and opinions contained herein.
The information in this presentation is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information
concerning HolidayCheck Group AG.
HolidayCheck Group undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of
new information, future events or otherwise.
top related