Scout24 AG

Investor Presentation • Sep 18, 2016

www.scout24.com

Scout24 AG

Berenberg and Goldman Sachs Fifth German Corporate Conference 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.

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

*therein local language versions of our marketplace in 11 countries.

• 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 (desktop only for traffic and desktop and mobile for engagement). A well as customer numbers and listing; management estimates.
• 1. In terms of listings; Autobiz June 2016.

• Based on time spent. Source: comScore, June 2016 (desktop and mobile).

• 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 lifes.
• We accompany our consumer's and customer's 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

• » Examples: Ad Campaigns, Programmatic

• » Branding campaigns for real estate professionals (critical to acquire new mandates) or third parties

Key Financial Highlights H1 2016

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 / (ooEBITDA less Capital expenditures)

Key Operational Highlights H1 2016

We Continue to Be the Most Relevant Marketplace for BOTH our Customers and Consumers

Sources: Management estimates, Autobiz June 2016, own traffic monitor Mobile traffic as a percentage of total traffic (visits)

ImmobilienScout24

ImmobilienScout24

1. Management estimates, based on visits to the IS24 platform from mobile devices, mobile and all IS24 applications as measured by own traffic monitor.

2. Based on Unique Monthly Visitors ("UMV") for traffic and total time spent for engagement, comScore MMX June 2016 (desktop only for traffic and desktop and mobile for engagement), management estimates.

3. Share based on total time spent within Germany competitor set for online property classifieds which includes IS24, Immonet and Immowelt.

ImmobilienScout24

1. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelvemonth period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until March 31, 2014 and from the audited consolidated financial statements of Asa NewCo GmbH for the period of April 1, 2014 to December 31, 2014.

ImmobilienScout24 H1 2016 Financials

Key highlights

Core Agent revenues

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

Other Agent revenues

Slight decrease in Professional PPA revenues due to impact of "Bestellerprinzip" offset by healthy growth in Austria marketplaces

Other revenues

• Increase reflecting healthy revenue growth in adjacent businesses combined with slight increase in private listing revenues fueled by "Bestellerprinzip"
• classmarkets adding €0.8 million of revenues (acquired in September 2015)

ooEBITDA

Cost growth disproportional to revenue growth resulting in margin uplift of 2.1pp

ImmobilienScout24 Wrap-Up

AutoScout24 Focus on Germany – Strengthening Market Positioning

1. Management estimates, based on internal data.

2. Autobiz, December 2015.

3. Management estimates, based on visits to the AS24 platform from mobile devices, mobile and all IS24 applications as measured by own traffic monitor.

4. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelvemonth period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until

AutoScout24 Focus on Italy & Benelux – Cementing our Leadership Positions

1. Management estimates, based on internal data.

2. Autobiz, June 2016, excluding Autotrader.

3. Management estimates, based on visits to the AS24 platform from mobile devices, mobile and all IS24 applications as measured by own traffic monitor.

4. Given the Group's complex financial history, to facilitate year-on-year comparison and to better represent the business trends and situation of Scout24, additional, voluntary disclosure has been provided for the twelvemonth period ended December 31, 2014. These figures represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until

AutoScout24 Financials 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
• Balanced mix of dealer and ARPU growth in Italy / Benelux drives increasing monetization, AutoTrader.nl (acquired in February 2016) adding €2.7 million Core dealer revenues
• Accelerating revenue growth driven by roll-out of visibility products
• AutoTrader.nl adds a total of €2.9 million of revenues since February 2016

Other Dealer revenues

Increase driven by Easyautosale acquisition (consolidated since April 2015) adding net revenues of 0.9m

Other revenues

Adsales with solid growth throughout all key geographies

ooEBITDA

Margin development skewed by deviating cost seasonality in 2015

AutoScout24 Wrap-Up