Münchner Kapitalmarkt Konferenz MKK 24/25: The Platform Group

Münchener Kapitalmarkt Konferenz

25. April 2024

1	THE PLATFORM GROUP
	Key Facts

OUR MANAGEMENT STRUCTURE

Supervisory Board

Stefan Schütze	▪	Jens Wasel	▪ Dominik Barton
(Chairman)	▪	Florian Müller

Management Board

Dr. Dominik Benner	Laura Vogelsang
CEO	Mgmt. Board

▪	TPG since 2012	▪	TPG since 2018
▪	5th generation family	▪	>10 years
	business		eCommerce & payment
▪	>15 years eCommerce	▪	Responsibilities: Risk,
			Payment, HR

Segments

Consumer Goods

Freight Goods

Industrial Goods

Service and Retail Goods

CFO

Reinhard Hetkamp

CFO TPG AG

• >20 years experience

in various finance roles inc. various CFO positions

3

TPG GUIDANCE 2024: RECORD YEAR TO BE EXPECTED

CONTINUING OPERATIONS

	2024 FY			Mid-term (2025)
Revenue	Adj. EBITDA	GMV	Leverage	Adj. EBITDA	GMV
Margin
€460-470m	€24-28m	€760-800m	1.5 - 2.3x	€1bn
7-10%

4

TPG STOCK PERFORMANCE

FIRST TPG-LISTING Q4 2023

First Listing TPG/opening

ceremony

+26%

5

TPG STOCK PERFORMANCE

PERFORMANCE SINCE ACQUISITION OF FORMER FASHIONETTE AG, DECEMBER 2022

Acquisition of former

fashionette AG: Dec 2022

+71%

6

TPG STOCK PERFORMANCE

1 YEAR PERFORMANCE / PEERS

+73%

7

WITH TPG SOFTWARE OUR PARTNERS GET ACCESS TO GLOBAL ECOMMERCE - 20 INDUSTRIES COVERED

Software-solutions for small- & medium-sized business partners

CONSUMER

GOODS

FREIGHT GOODS

INDUSTRIAL

GOODS

SERVICE & RETAIL

GOODS

B2B + B2C customers

10 local Stores

Source: Company. Overview of subsidiaries/brands. 2024 acquired: Hood.de and Avocadostore

8

2Financials

(unaudited, preliminary)

OVERVIEW PRO-FORMA FY 2023/FY 2022

CONTINUING OPERATIONS

	2022		2023
GMV		€ 591m		€ 705m
Net revenue (EUR m)		€ 387.4m		€ 440.8m
Other revenues (EUR m)		€ 29.0m		€32.8m
Gross Margin	34.8%	31.1%
Marketing Cost Ratio	7.4%	5.9%
Distribution Cost Ratio	6.3%	7.5%
HR Cost Ration	6.5%	4.7%
Adj. EBITDA (EUR m)		€ 11.9m		€ 22.6m
(% margin)		(3.0%)	(5.1%)
Reported EBITDA (EUR m)		€ 37.0m		€ 47.4m
(% margin)		(9.6%)	(10.7%)
Net profit (EUR m)		€ 24.8m		€ 33.3m
(% margin)	(6.4%)	(7.6%)

Guidance / market expectation

GMV-Guidance: € 700m → Achieved / outperformed.

Revenue-Guidance: € 440m → Achieved / outperformed.

EBITDA adj.-Guidance: € 20m → Achieved / outperformed.

EBITDA reported: € 47.7m (FY 2023) above expectations.

Net profit: € 33.3m (FY 2023) above expectations.

All Pro-Forma figures for FY 2023 and FY 2022 are based on continued operations. Fashionette AG announced in Q1 2023 and Q2 2023 the closure of the business units of (a) beauty and (b) smartwatches, in Q3 2023 the planned sale of both 10 units was published., sell-off by April 2024 effective. All ratios related to total revenue FY 2023/FY 2022. Market expectations FY2023 are based on current research (Nuways, MMWarburg, Montega). All numbers are unaudited and preliminary.