Smartbroker Holding AG

Investor Presentation • Jun 11, 2021

2020 Earnings Call

11 June 2021

2020 Financial Statements – Basis of Preparation

2020 Revenue Overview

in EUR 000s	AG		Consolidated
	2019	2020	Growth	2019(1)	2020	Growth
Sales	8,550	13,739	61%	12,286	28,209	130%
of which Social & Media	8,062	12,399	54%	12,198	26,869	120%
of which other	488	1,340	175%	88	1,340	n/m

( 1 ) P r o-f o r m a , u n a u d i t e d f i g u r e s

2020 Expenditure Overview

in EUR 000s	Consolidated
	2019(1)	2020	Growth
Sales	12,286	28,209	130%
Other Operating Income	239	255	7%
Data & IT Costs	(2,015)	(5,345)	165%
Marketing	(133)	(8,107)	n/m
Personnel	(2,682)	(7,982)	198%
Other	(969)	(2,508)	159%
Non-recurring Items	(631)	3,008	n/m
EBITDA	6,095	7,530	24%
add back/ (deduct) non-recurring items	631	(3,008)	n/m
Operational EBITDA	6,726	4,522	(33%)
Smartbroker Customer Acquisition Costs	0	7,532	n/m
Operational EBITDA before CAC	6,726	12,054	79%

( 1 ) P r o-f o r m a , u n a u d i t e d f i g u r e s

2020 Consolidated Cash Flow Statement

in EUR 000s	Consolidated
	2020
Operational EBITDA	4,522
Change in Working Capital	(3,748)
Capital Expenditure	(479)
Operating Cash Flow	1,184
of which Smartbroker CACs	(7,065)
Non-recurring items	(838)
Taxes	(774)
Total pre-financing Cash Flow	(133)
Financing Cash Flow	4,540
Total Cash Flow	4,407

2020 Consolidated Balance Sheet

in EUR 000s		Assets
	2019	2020	%
Fixed Assets	23,008	28,789	56%
Intangible Assets	16,921	20,473	40%
Tangible Assets	719	398	1%
Financial Assets	5,368	7,918	15%
Current Assets	13,946	22,023	43%
Inventories	12	10	0%
Trade Receivables	3,233	4,333	8%
Other	1,023	3,610	7%
Cash and Equivalents	9,678	14,070	28%
Prepaid Expenses	228	340	0%
Total Assets	37,182	51,152	100%

in EUR 000s	Equity & Liabilities
	2019	2020	%
Equity	26,660	30,225	59%
Provisions	2,455	2,724	5%
Financial debt	797	7,502	15%
Trade payables	548	1,612	3%
Other liabilities	5,313	6,411	12%
Deferred Income	620	1,700	3%
Deferred Taxes	790	978	2%
Total Liabilities	37,182	51,152	100%

2021 Financial and Operational Guidance

( 1 ) S u b j e c t t o B a F i n I n h a b e r k o n t r o l l v e r f a h r e n c l e a r a n c e

Strong Current Operational Momentum

Thank You! Thank You for Your Attention

Disclaimer

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.