HOMETOGO SE

Investor Presentation • Feb 13, 2025

Building Europe's vacation rental powerhouse

Acquisition of Interhome

13 February 2025

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All figures for Interhome are preliminary, unaudited and pending further alignment with HomeToGo's financial reporting. The Interhome definition of revenue has been aligned to HomeToGo's IFRS revenue definition, making previously published Interhome numbers not comparable. In addition, the figures contained in this presentation are subject to amendment, revision and updating as the conversion from Swiss GAAP to IFRS is not finalized. All figures are based on Interhome's fiscal year ending on 31 October.

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Today's Agenda: Creating Europe's leading vacation rental platform

HomeToGo signed definitive agreements to acquire Interhome

HomeToGo's track record: fastest growing global player1

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SaaS-enabled Marketplace; fastest-growing public vacation rental player globally¹

Strong track record of successfully acquiring, developing and integrating companies (15 acquisitions)

Acquisition of Interhome: A landmark milestone

Financial Overview: Transformative deal for profitability and Free Cash Flow3

Interhome is Europe's second largest vacation rental management company² with focus on full service

~40K vacation rentals, largely exclusive, with average service contract lifetime of 9 years

Interhome has a continuous track record of revenue growth with positive EBITDA and Free Cash Flow (FCF)

Post-acquisition, together, we would be well-positioned for further growth and roll-up M&A in Europe

Highly accretive Interhome acquisition would increase HTG Group's FY/24e pro-forma IFRS Revenues by ~55%⁴

Acquisition would ca. triple FY/24e pro-forma Adj. EBITDA⁵ (>€30M⁴ ) leading to significant positive FCF

Acquisition would mean new short- and mid-term management targets of mid and high double digit €M Adjusted EBITDA, respectively, for HomeToGo Group - creating Europe's leading vacation rental platform

3 HomeToGo - Building Europe's vacation rental powerhouse

1) In terms of IFRS Revenues development for FY/19-FY/23. Source: Bloomberg; 2) By number of properties. Source: Rentals United (2021): The World's Top 50 Vacation Rental Property Management Companies; 3) Free Cash Flow is defined as cash flow from operating activities excl. Capital expenditures; 4) Pro-forma, excl. Synergies; 5) Net income (loss) before income taxes, finance income/ finance expenses, depreciation and amortization adjusted for expenses for share-based compensation and one-off items. Sources: HomeToGo, Interhome

Capital increase

successfully placed

HomeToGo and Interhome at a glance

Founded (Headquarters)	2014 (Berlin)	1965 (Zurich)
IPO	2021	private, owned by Migros since 1989
Employees	~800	~650
Gross Booking Value (GBV) FY/24e	>€1.5B GBV (+ >€2.5B enabled GBV)	~€400M GBV
Take Rate FY/24e	~13%1	~30%2
IFRS Revenues FY/24e	€212 – 215M	~€125M
IFRS Revenue CAGR 21-24e	+31%3	+19%
Adj. EBITDA FY/24e (Margin %)	>€11M (>5%)	>€20M (>16%)
Revenue Geography (FY/23)	Rest of World North <1% America 26% DACH 48% Rest of Europe 25%	Others 8% DACH 29% Spain, Italy, France & Croatia 64%

4 HomeToGo - Building Europe's vacation rental powerhouse

Source: HomeToGo and Interhome. 1) HomeToGo Marketplace Onsite Take Rate 9M/24: 12.8%; 2) Average Take Rate across all services and countries; 3) FY/24e as Guidance midpoint

HomeToGo's track record 1

Fastest-growing public vacation rental player globally 1

1) In terms of IFRS Revenues development for FY/19-FY/23. Source: Bloomberg

Group Overview

Founded 2014 and IPO'ed 2021, HomeToGo has a unique presence in the European vacation rental industry, catering to both, B2C and B2B clients

6 HomeToGo - Building Europe's vacation rental powerhouse

All FY/24e financial figures stated on this slide are preliminary and unaudited and may be subject to change; before inter-segment consolidation. 1) Estimated if not reported from external partners

By acquiring Interhome, HomeToGo would expand its portfolio of Software and tech-enabled Service Solutions across the host-to-guest value chain

HomeToGo standalone: Track record of continuous revenue & profitability growth

Source: HomeToGo. 1) Based on HomeToGo Press Release of 15 January 2025 excluding the effects of the proposed acquisition; 2) Until FY/23 so-called "Subscriptions & Services" business

The acquisition of Interhome A landmark milestone ²

Interhome: Acquiring one of the largest vacation rental management companies in Europe

Interhome Key Highlights

Europe's second largest vacation rental management company¹

• Partner of HomeToGo for >10 years
• Swiss based company with >60 years of experience & strong brand presence especially in destinations; operating since 1965, with strong property owner-focused expertise.
• Large and geographically diversified portfolio of ~40K properties (largely exclusive) spread over 28 countries; Average Take Rate of ~30%2
• Full-service proposition for large supply of high-quality properties with strong rural footprint
• Average service contract lifetime of property owners of 9 years, exemplifying strong owner loyalty and business model soundness

Interhome standalone with track record of consistent revenue and profit growth as well as substantial future potential

All figures are preliminary, unaudited and pending further alignment with HomeToGo's financial reporting. The Interhome definition of revenue has been aligned to HomeToGo's IFRS revenue definition, making previously published Interhome numbers not comparable. In addition, the figures contained in this presentation are subject to amendment, revision and updating as the conversion from Swiss GAAP to IFRS is not finalized. All figures are based on Interhome's fiscal year ending on 31 October. 1) Mid term defined as 2 - 5 years.

11 HomeToGo - Building Europe's vacation rental powerhouse

Financial Overview profitability and Free Cash Flow ³

Transformative deal for

Transformative deal advancing HomeToGo_PRO to a >55% IFRS Revenue share while strengthening Profitability and FCF

Clear plan to leverage synergies and create additional value on top in the short and mid term to more than double Adj. EBITDA for Interhome as part of HomeToGo

Selected short-term levers

Reduction of ~€3-5M intercompany costs charged by current owner on a yearly basis by using HomeToGo Group resources1

Direct transfer of existing HomeToGo assets adding ~€5-7M Adj. EBITDA via an asset deal or merger with limited overhead and personnel costs

Selected mid-term levers

Boosting marketing efficiency & conversion of travelers by providing advanced software, tech and data solutions to Interhome to expand customer touchpoints & increase customer retention and cross-selling

Optimize occupancy and dynamic pricing by introducing state-of-the-art revenue management strategies to increase margins across the brand portfolio

Increasing supply by accelerating sales efforts, as well as utilizing HomeToGo as a M&A powerhouse for inorganic expansion of supply

Income Statement estimated short and mid term acquisition impact

"-" means that no material effect is anticipated. 1) Adjusted for expenses for share-based compensation, depreciation and amortization and non-operating one-off items; 2) Rounding differences may occur; 3) Mid term defined as 2 - 5 years.

Acquisition and funding details

1) Purchase price expected to amount to CHF 150M at closing and CHF 85M deferred payment based on current status of negotiations; 2) Corresponding EUR value based on exchange rate of 1.04667 EUR/CHF for Interhome's fiscal year from 1 November 2023 - 31 October 2024. Subject to closing mechanism; 3) Subject to customary closing conditions and completion of an equity raise; 4) EV/Adj. EBITDA multiple = 10.2x including future deferred payments; 5) Accumulated deferred payments in relation to FY/24e Adjusted EBITDA; 6) Cash and cash equivalents + highly liquid short-term financial assets. Q3/24 cash & cash equivalents include cash of €10.1M that is restricted due to statutory requirements.

Update to capital increase: successfully placed

Capital Increase

After successful signing of a share purchase agreement on February, 12th, HomeToGo immediately launched a capital markets transaction to raise EUR 85m

Capital increase of EUR 85m by way of a private placement in an accelerated book building

Joint Global Coordinators

Details of the capital increase

Introduction of 53,125,000 new Class A Shares from Company's authorized capital leading to a new total share count of

• 175,680,649 Issued Class A Shares and
• 169,058,525 Outstanding Class A shares

One of the first issuers to use cost-efficient 11-page admission document under recently revised EU Prospectus Regulation.

Admission document will be published prior to the expected closing date of the private placement.

Conclusion and Q&A

Uniquely combines a leading European Marketplace for vacation rentals with tailored B2B software and tech-enabled service solutions aimed at enabling the whole vacation rental industry

Europe's second largest vacation rental management company with ~40K high-quality inventory and a property owner-focused organization and expertise

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Creating Europe's leading vacation rental platform

>€330M

IFRS Revenues

FY/24e pro-forma

+~55%