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Münchner Kapitalmarkt Konferenz MKK 24/25: The Platform Group
April 25, 2024 at 03:25 pm
Münchener Kapitalmarkt Konferenz
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
in various finance roles inc. various CFO positions
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%
TPG STOCK PERFORMANCE
FIRST TPG-LISTING Q4 2023
First Listing TPG/opening
ceremony
+26%
TPG STOCK PERFORMANCE
PERFORMANCE SINCE ACQUISITION OF FORMER FASHIONETTE AG, DECEMBER 2022
Acquisition of former
fashionette AG: Dec 2022
+71%
TPG STOCK PERFORMANCE
1 YEAR PERFORMANCE / PEERS
+73%
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
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.
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Disclaimer
The Platform Group AG published this content on
25 April 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
25 April 2024 14:24:02 UTC .
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MT
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CI
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MT
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CI
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01-15
MT
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12-14
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CI
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CI
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09/02/23
MT
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CI
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Transcript : Fashionette AG, H1 2022 Earnings Call, Sep 01, 2022
01/09/22
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CI
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CI
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20/06/22
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14/06/22
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CI
Transcript : Fashionette AG, Q1 2022 Earnings Call, May 19, 2022
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28/04/22
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Platform Group AG, formerly fashionette AG, is a Germany-based Company, which provides a platform for online shopping. The Company is engaged in providing software solutions that can be used in almost all sectors and industries. Its industries include the machinery trade, dental technology, car platforms, luxury fashion and furniture. The products are purchased by Business to Business (B2B) and Business-to-consumer (B2C) customers. The Company offers full-service package consisting of software solutions, logistics, marketing, customer support, payment, and customer reach. It operates 20 platforms in 18 different sectors.
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