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    SCHA   NO0003028904

SCHIBSTED ASA

(SCHA)
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Schibsted : Q2 2021 Presentation

07/16/2021 | 01:05am EDT

Q2 2021 Results

16 July 2021

Kristin Skogen Lund, CEO

Ragnar Kårhus, CFO

Q&A

Visit: sli.do

Event code: 051602

Disclaimer

This presentation (hereinafter referred to as the "presentation") has been prepared by Schibsted ASA ("Schibsted" or the "Company") exclusively for information purposes and does not constitute an offer to sell or the solicitation of an offer to buy any financial instruments.

Reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions contained herein are fair and reasonable, however no representation or warranty, express or implied, is given by or on behalf of the Company, any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability is accepted for any such information or opinions.

This presentation includes and is based on, among other things, forward-looking information and statements. Such forward-looking information and statements are based on the current expectations, estimates and projections of the Company or assumptions based on information available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give any assurance as to the correctness of such information and statements. Several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this presentation.

There may have been changes in matters which affect the Company subsequent to the date of this presentation. Neither the issue nor delivery of this presentation shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Company have not since changed.

The Company does not intend, and does not assume any obligation, to update or correct any information included in this presentation.

Alternative performance measures (APM) used in this presentation are described and presented in the section Definitions and reconciliations in the quarterly report.

2

Highlights Q2 2021

Strong financial results

  • Accelerated underlying* revenue growth of 18% YoY
  • Quarterly EBITDA of NOK 743m, up 49% YoY and 33% vs. 2019

Adevinta's acquisition of eCG completed**, creating the world's largest online classifieds platform

- Reducing Schibsted's ownership share to 33%

Accounting gain of NOK 60 billion based on current share price - further increasing value creation to shareholders

Closing of eBay Classifieds' Danish operations

  • Strengthening our position as the Nordic online classifieds champion

3

* Foreign exchange neutral basis and including pro-forma Oikotie revenues in Q2 2020 ** Transaction of eBay Classifieds Group (eCG) closed on 25 June 2021

Solid growth vs. pre COVID-19 levels in all segments; Strong margins in Nordic Marketplaces and News Media

Nordic Marketplaces

News Media

Financial Services

Schibsted Growth

Underlying* revenue growth

Continued strong

Underlying** revenues in

Continued strong revenue

of 32% YoY, and solid growth

performance with

Lendo returned to growth vs.

growth in Distribution on top

compared to pre COVID-19

underlying** YoY revenue

somewhat weak comparables

of an amplified quarter last

levels

growth of 10% and cost

Solid EBITDA margin in

year

Strong EBITDA margin of

savings

Mixed performance in rest of

Lendo, increasing slightly

55% in Norway and 43% in

Re-bounce in digital

YoY

Growth portfolio

Sweden

advertising revenues driving

EBITDA decline YoY driven

Synergies between Tori and

topline growth

by Prisjakt investments in

Oikotie getting traction in

Strong EBITDA

product development

Finland

margin of 14%

Closing of eBay Classifieds'

Danish operations

4

* Foreign exchange neutral basis and including pro-forma Oikotie revenues in Q2 2020 ** Foreign exchange neutral basis

Schibsted sharpens growth focus

Kristin Skogen Lund

CEO Schibsted

Business areas

Functions

Christian Printzell Halvorsen

Siv Juvik Tveitnes

Dan Ouchterlony

Ragnar Kårhus

Mette Krogsrud

Sven Thaulow

Andrew Kvålseth

EVP

EVP

EVP Financial

Chief Financial

Chief People &

Chief Data &

Chief Investment

Nordic Marketplaces

Services & Venture

Officer

Corporate Affairs

Technology Officer

Officer

News Media

Officer

Incl. Distribution

New

New

& eCommerce

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Schibsted ASA published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 05:04:09 UTC.


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Sales 2021 14 461 M 1 664 M 1 664 M
Net income 2021 61 699 M 7 101 M 7 101 M
Net Debt 2021 6 285 M 723 M 723 M
P/E ratio 2021 1,59x
Yield 2021 0,50%
Capitalization 92 457 M 10 621 M 10 640 M
EV / Sales 2021 6,83x
EV / Sales 2022 6,32x
Nbr of Employees 5 000
Free-Float 69,4%
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Mean consensus BUY
Number of Analysts 11
Last Close Price 419,30 NOK
Average target price 514,78 NOK
Spread / Average Target 22,8%
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Managers and Directors
Kristin Skogen Lund Chief Executive Officer
Ragnar Kňrhus Chief Financial Officer
Ole Jacob Sunde Chairman
Sven St°rmer Thaulow Chief Data & Technology Officer
Christian Ringnes Independent Director
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