The Platform Group AG

Earnings Release • Sep 30, 2024

THE PLATFORM GROUP

Guidance Update
Call 30th Seprember 2024

REVIEW H1 2024 RESULTS CONTINUING OPERATIONS

	H1 2024	H1 2023
GMV	€ 442.5 m	€ 367.3 m
Net revenue (EUR m)	€ 231.5 m	€ 187.5 m
Other revenues (EUR m)	€ 16.4 m	€ 12.8 m
Gross Margin	$35.6 \%$	$35.7 \%$
Marketing Cost Ratio	$6.3 \%$	$6.5 \%$
Distribution Cost Ratio	$7.7 \%$	$7.5 \%$
HR Cost Ratio	$5.4 \%$	$5.6 \%$
Adj. EBITDA (EUR m) (\% margin)	$\begin{aligned} & € 17.6 m \ & (7.6 \%) \end{aligned}$	$\begin{aligned} & € 13.2 m \ & (7.0 \%) \end{aligned}$
Reported EBITDA (EUR m) (\% margin)	$\begin{aligned} & € 30.0 m \ & (13.0 \%) \end{aligned}$	$\begin{aligned} & € 23.9 m \ & (12.7 \%) \end{aligned}$
Net profit (EUR m) continuing operations (\% margin)	$\begin{aligned} & € 21.7 m \ & (9.4 \%) \end{aligned}$	$\begin{aligned} & € 16.4 m \ & (8.7 \%) \end{aligned}$

Takeaways

H1 2024 with better results than internally calculated

• GMV + 20.5\%
• Revenue $+23.5 \%$
• EBITDA adj. $+32.6 \%$
• Net profit $+32 \%$

GUIDANCE UPDATE 09/2024

Current developments 2024

H1 2024 with better results than internally calculated

• GMV + 20.5\%
• Revenue $+23.5 \%$
• EBITDA adj. $+32.6 \%$
• Net profit $+32 \%$

Strong development in Q3 2024 (GMV, revenue, EBITDA, CashFlow)

High organic growth on our platforms: $>11 \%$ (H1)

Increase in number of partners + products in Q3 2024

Current M\&A activity with two highly significant targets: 0815 group (Austria) and OEGE (Germany), both double digit revenue platforms with EBITDA $>5 \%$

TPG'S STRATEGY

CLEAR VISION AND ROADMAP TO BECOME EUROPE'S LEADING PROFITABLE PLATFORM GROUP

TPG has defined a clear strategy to achieve its long-term goal in becoming Europe's leading technology enabled platform

WITH TPG SOFTWARE OUR PARTNERS GET ACCESS TO GLOBAL ECOMMERCE - 23 INDUSTRIES COVERED

NEW GUIDANCE 2024 (GUIDANCE 09/2024) CONTINUING OPERATIONS

GMV Guidance FY 2024

NEW GUIDANCE 2024 (GUIDANCE 09/2024) CONTINUING OPERATIONS

EBITDA adj. Guidance FY 2024

NEW GUIDANCE 2024 (GUIDANCE 09/2024) CONTINUING OPERATIONS

TPG NEW GUIDANCE (09/2024)

THE PLATFORM GROUP: GMV DEVELOPMENT

THE PLATFORM GROUP: REVENUE DEVELOPMENT

THE PLATFORM GROUP: ADJUSTED EBITDA DEVELOPMENT

DEBT SITUATION

$(\epsilon \mathrm{m})$

	30.06.2024	31.12.2024 FC
Cash + Cash equivalents	€ 15.1 m	€ 11.3 m
Long term Debt (bank loans)	€ 36.2 m	€ 33.1 m
Short term Debt (bank loans)	€ 32.1 m	€ 27.9 m
Bond	€ 0 m	€ 30.0 m
Net Debt	€ 53.2 m	€ 79.7 m
LTM EBITDA	€ 28.4 m	€ 30.0 m
Leverage	1.87 x	2.65 x

Target Leverage 2025
$1.5-2.3 \times$ LTM EBITDA

PPA EFFECTS H1 2024

TPG STOCK

Stock information

ISIN	DE000A2QEFA1
WKN	A2QEFA

Number of shares 20.238 .407

Major shareholder $\quad 70 \%$ Benner Holding

Small increases of capital due to M\&A activities (max. $30 \%$ of purchase price)

TPG STOCK

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