Platform : FY 2023 Results Presentation

FY 2023 Presentation

5th of 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 PRO-FORMA CONSOLIDATED GUIDANCE 2023

2023 FY

Revenue	Adj. EBITDA	GMV
€440m	€20m	€700m

Mid-term

Leverage	Adj. EBITDA	GMV
Margin
1.5 - 2.3x	€1bn
7-10%

Source: Company. All Pro-Forma consolidated, all guidance figures of TPG for FY 2023 are published pro-forma-based, continuing operations in FY 2023.

4

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

5

LATEST DEVELOPMENTS (4 MONTH)

Acquisition of		Acquisition of		Acquisition of
Simon-Profi-Technik GmbH		Avocadostore GmbH		HOOD Media GmbH
and Launch of MotorProfi		(platform for sustainable		(platform for consumer
(forest equipment)		products)		products)

6

LATEST DEVELOPMENTS (4 MONTH)

Reduction of minority		Reduction of minority		Reduction of minority
shareholders:		shareholders:		shareholders:
Möbelfirst GmbH		ViveLaCar Group		Lott Carparts
(new: 100%)		(new: 100%)		(new: 100%)

7

INTRODUCTION TO FY2023 / FY2022

Reverse acquisition → IFRS 3

	gains control
Acquiree	Acquirer

Former		Former
	The Platform Group
Fashionette AG
	GmbH & Co. KG

Fashionette		Brandfield		20 subsidiaries

2. Results:

1. Pro-FormaConsolidation / Reporting (FY 2023 / FY 2022)
2. Purchase Price Allocation (PPA) for all acquired companies 2022-2023

Continuing operations

Former

Fashionette AG

Announced to close and sell two not-profitable business units, sell-off by April 2024

Beauty Smartwatches

1. Result:

1. Continuing-/discontinuingoperations for FY2022 / FY 2023

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.