Earnings Release • Sep 13, 2021
Earnings Release
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wallstreet:online AG
13 September 2021
Evolution of Brokerage Account Customers
in EUR mm
in EUR mm
*inkl. pro-forma woc
| in EUR mm | Consolidated | |||
|---|---|---|---|---|
| H1 2020 | H1 2021 | Growth | ||
| Revenue | 15.1 | 23.8 | 57 % | |
| Other Operating Income | 0.3 | 0.5 | 63 % | |
| Data, IT & Distribution | (2.5) | (5.1) | 102 % | |
| Marketing | (4.6) | (8.9) | 93 % | |
| Personnel | (5.0) | (7.2) | 43 % | |
| Other | (2.0) | (2.0) | 4 % | |
| Non-recurring Items | 0.0 | (0.5) | n/m | |
| EBITDA | 1.3 | 0.6 | (54) % | |
| add back/ (deduct) non-recurring items | 0.0 | 0.5 | n/m | |
| Operational EBITDA | 1.3 | 1.1 | (17) % | |
| Smartbroker Customer Acquisition Costs | 3.3 | 7.9 | 142 % | |
| Operational EBITDA before CAC | 4.6 | 9.0 | 96 % |
| in EUR mm | |
|---|---|
| H1 2021 | |
| Operational EBITDA | 1.1 |
| Change in Working Capital & Other | (0.3) |
| Taxes | (0.8) |
| Operating Cash Flow | 0.1 |
| of which Smartbroker CACs | 7.9 |
| Non-recurring items | (0.7) |
| Capital Expenditure(1) | (0.6) |
| Total pre-financing Cash Flow | (1.2) |
| Financing Cash Flow | 18.1 |
| Total Cash Flow | 16.9 |
(1) Without wallstreet:online capital AG
| in EUR mm | Assets | ||
|---|---|---|---|
| 31.12.2020 | 30.06.2021 | % of total | |
| Fixed Assets | 28.8 | 27.7 | 42 % |
| Intangible Assets | 20.5 | 19.4 | 29 % |
| Tangible Assets | 0.4 | 0.5 | 1 % |
| Financial Assets | 7.9 | 7.8 | 12 % |
| Current Assets | 22.0 | 38.0 | 58 % |
| Inventories | 0.0 | 0.0 | 0 % |
| Trade Receivables | 4.3 | 4.2 | 6 % |
| Other | 3.6 | 2.9 | 5 % |
| Cash and Equivalents |
14.1 | 30.9 | 47 % |
| Prepaid Expenses | 0.3 | 0.3 | 0 % |
| Total Assets | 51.2 | 65.9 | 100 % |
| in EUR 000s | Equity & Liabilities | |||
|---|---|---|---|---|
| 31.12.2020 | 30.06.2021 | % of total | ||
| Equity | 30.2 | 48.1 | 73 % | |
| Provisions | 2.7 | 3.6 | 6 % | |
| Financial debt | 7.5 | 6.6 | 10 % | |
| Trade payables | 1.6 | 1.4 | 2 % | |
| Other liabilities | 6.4 | 3.2 | 5 % | |
| Deferred Income |
1.7 | 2.2 | 3 % | |
| Deferred Taxes |
1.0 | 0.9 | 1 % | |
| Total Liabilities | 51.2 | 65.9 | 100 % |
Consolidated Revenues: EUR 45 to 50 million Operational EBITDA before Smartbroker CAC: EUR 16.5 to 18.5 million Smartbroker CAC: EUR12.5 million Operational EBITDA after Smartbroker CAC: EUR 4 to 6 million At least 120,000 net Smartbroker customer additions wallstreet:online capital AG 100% consolidated, pro-forma for entire year 1 2 3 4 5 6
Only 18% of these assets are invested in listed equities & funds
S o u r c e : D e u t s c h e B u n d e s b a n k , d a t a a s o f 3 1 M a r c h 2 0 2 1 . C A G R r e f e r s t o p e r i o d 1 J a n 2 0 1 5 t o 3 1 M a r c h 2 0 2 1
Roland Nicklaus Chief Financial Officer
Earning Call H1 2021 wallstreet:online Aktiengesellschaft
Kontakt: [email protected]
1 2 3 4 This presentation has been prepared by wallstreet:online AG ("wallstreet:online") and comprises the written materials/slides for a presentation concerning wallstreet:online, its group companies and the product Smartbroker. By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. This presentation is for information purposes only and the information contained herein (unless otherwise indicated) has been provided by wallstreet:online. It does not constitute an offer to sell or the solicitation, inducement or an offer to buy shares in wallstreet:online or any other securities. Further, it does not constitute a recommendation by wallstreet:online or any other party to sell or buy shares in wallstreet:online or any other securities and should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice. This presentation has been prepared without reference to any particular investment objectives, financial situation, taxation position and particular needs. In case of any doubt in relation to these matters, you should consult your stockbroker, bank manager, legal adviser, accountant, taxation adviser or other independent financial adviser. The information contained in this presentation has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein and no reliance should be placed on it. To the extent permitted by applicable law, none of wallstreet:online or any of its affiliates, advisers, connected persons or any other person accept any liability for any loss howsoever arising (in negligence or otherwise), directly or indirectly, from this presentation or its contents or otherwise arising in connection with this presentation. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contain herein. This presentation contains forward-looking statements that are subject to risks and uncertainties. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. When we use words such as "plan," "believe," "expect," "anticipate," "intend," "estimate," "may" or similar expressions, we are making forward-looking statements. You should not rely on forward-looking statements because they are subject to a number of assumptions concerning future events, and are subject to a number of uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from those indicated. These factors include, but are not limited to, the following: (i) market risks: principally economic price and volume developments; (ii) dependence on performance of major customers and industries, (iii) our level of debt, management of interest rate risk; (iv) costs associated with regulation relating to providing financial services; (v) inflation, interest rate levels and fluctuations in exchange rates; (vi) general economic, political and business conditions and existing and future governmental regulation; and (vii) the effects of competition. Any assumptions, views or opinions (including statements, projections, forecasts or other forward-looking statements) contained in this presentation represent the assumptions, views or opinions of wallstreet:online as of the date indicated and are subject to change without notice. wallstreet:online neither intends, nor assumes any obligation, unless required by law, to update or revise these assumptions, views or opinions in light of developments which differ from those anticipated. All information not separately sourced is from internal company data and estimates. Any data relating to past performance contained herein is no indication as to future performance. The information in this presentation is not intended to predict actual results, and no assurances are given with respect thereto.
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