Scout24 AG

Investor Presentation • Nov 21, 2016

www.scout24.com

www.scout24.com

Scout24 AG

Deutsches Eigenkapitalforum

November 22, 2016

Disclaimer

This document has been issued by Scout24 AG (the "Company" and, together with its direct and indirect subsidiaries, the "Group") and does not constitute or form part of and should not be construed as any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision, nor does it constitute a recommendation regarding the securities of the Company or any present or future member of the Group.

All information contained herein has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this presentation is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this presentation (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document.

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither this document nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person.

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Two Leading Digital Marketplaces Under One Roof Focused on Property and Automotive

1. In terms of consumer traffic and engagement based on Unique Monthly Visitors ("UMVs") for traffic and total time spent for engagement; comScore June 2016

2. (desktop only for traffic and desktop and mobile for engagement). A well as customer numbers and listing; management estimates.

3. 1. In terms of listings; Autobiz June 2016.
4. 1. Based on time spent. Source: comScore, June 2016 (desktop and mobile).

5. Source: Autobiz June 2016

We're a partner in life-changing moments.

• Finding a home and buying a car two major events in people's lives.
• We accompany our consumers' and customers' journeys.
• We make these processes simple, efficient and stress-free.

of IS24 users are interested in…

30%

of AS24 users are interested in…

Our Growth Path Continue to Pursue Monetization of Core Verticals

Large Adjacencies that Expand Our Addressable Market and Growth Opportunity

Three Approaches to Monetize Audience

• » Examples: Mortgage Loans, Relocation Service
• » Price comparison services for products not directly offered by IS24
• » Monetization via leads to providers

Monetization via Ad Sales (Display) C

• » Examples: Ad Campaigns, Programmatic
• » Branding campaigns for real estate professionals (critical to acquire new mandates) or third parties

Key Financial Highlights 9M 2016 Fully on track to achieve 2016 targets

Note: All figures in € millions.

1. Ordinary operating (oo)EBITDA represents EBITDA adjusted for non-operating and special effects, ordinary operating EBITDA margin of a segment is defined as ordinary operating EBITDA as a percentage of external segment revenues.

2. Cash contribution is defined as ooEBITDA less Capital expenditures, cash conversion as (ooEBITDA less Capital expenditures) / ooEBITDA

ImmoblienScout24: Platform for Continued Growth

Key highlights

Core Agent revenues

Revenue growth driven by solid ARPU increase offsetting slightly decreasing core agent numbers

Other Agent revenues

Slight increase in Professional PPA revenues as well as healthy growth in Austrian marketplace

Other revenues

Increase reflecting healthy revenue growth in adjacent businesses combined with mostly flat private listing revenues

ooEBITDA

Operational leverage, IT and marketing cost efficiencies driving margin increase

Note: All figures in € millions.

AutoScout24: Delivering on Growth Potential

Key highlights

Core Dealer revenues

• Ongoing expansion of dealer base and ARPU in Germany due to success of new sales approach and visibility product roll-out
• Strong ARPU growth fueled by the visibility products roll-out in Italy / Benelux
• AutoTrader.nl (acquired in February 2016) adding €1.3 million Core dealer revenues and €0.2 million of other revenues in Q3 2016

Other Dealer revenues

Ongoing success of smaller European countries

Other revenues

Display revenues with solid growth throughout all key geographies

ooEBITDA

Operational gearing driving margin increase

Capital structure

Current Debt (Nominal Value) Comments

(in €m)	December 2015	September 2016
Term Loan B	424	324
Term Loan C	357	357
Revolver (€45.6m committed)	0	0
Other loans (FlowFact, Stuffle)	1	0
Total Debt (Nominal Value)	782	681
Cash & Cash Equivalents	71	53
Net Nominal Value	712	628

• Scout24 was recently upgraded by the rating agencies and is now rated Ba3 by Moody's and BB- by S&P
• Excess cash flow of total € 100m were used to pay down debt
• As business de-levers over time, margin ratchet will reduce interest expense further

Margin ratchet thresholds

Leverage (Net Debt/EBITDA)	Margin
>4.00x	4.25%
>3.50x	3.75%
>2.75x	3.50%	
<2.75x	3.25%

• Leverage test on a quarterly basis with new spread applicable 45 days post quarter end
• − Lower margin according to margin ratchet of +3.50 % in place since mid of August 2016

Outlook Full Year 2016 Highly confident to reach Full Year 2016 targets

Investor Relations Contact

Tel: +49 89 444 56 3278 Fax: +49 89 444 56 193278 Email: ir@scout24.com http://www.scout24.com/en/Investor-Relations.aspx Full year report: report.scout24.com/2015