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Unlocking new Potential Q2 / H12026 Results Presentation 6 August 2026 Scout24
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2 Q2/H1 2026 Results | August 2026 This presentation does not constitute an offer or invitation to sell or issue securities of the Company, nor should it be construed as an offer or invitation to purchase or subscribe for securities of the Company, nor should any part of it or the fact of its distribution be construed as part of or relied upon 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. The presentation contains carefully prepared information. However, the Company does not guarantee the accuracy, completeness or reliability of the information and assumes no liability for losses resulting from the use of this information. The presentation and discussion may contain forward-looking statements about the business, financial and earnings situation as well as profit forecasts of the Scout24 Group, which are only valid at the time of publication of this document. Terms such as ‘may’, ‘will’, ‘expect’, ‘anticipate’, ‘consider’, ‘intend’, ‘plan’, ‘believe’, ‘continue’ and ‘estimate’, variations of such terms or similar expressions characterize these forward- looking statements. Such forward-looking statements are based on the current assessments, expectations, assumptions and information of the Scout24 Management Board, many of which are beyond Scout24's control. The statements are subject to a variety of known and unknown risks and uncertainties. Actual results and developments may therefore differ materially from these forward-looking statements. The Company assumes no obligation and does not intend to update, review or correct these forward-looking statements due to new information or future events or for other reasons, unless there is an express legal obligation to do so. Alternative performance measures are used that are not defined according to IFRS and should be considered supplementary. Special items used to calculate some alternative metrics may not derive from ordinary business activities. Due to rounding, numbers and percentages may not accurately reflect the absolute figures. In case of any divergence, the German version shall have precedence over the English translation. Financial figures included in this document have neither been audited in accordance with § 317 HGB nor reviewed by an auditor. Disclaimer
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Business & Market Update 3 Q2/H1 2026 Results | August 2026
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Q2/H1 2026 Highlights Excellent 2Q 2026: 20% revenue growth, double digit organic revenue growth and organic margin expansion B2B subscription business continues to deliver industry- leading mid-teens revenue growth B2C subscription growth accelerated both sequentially and year-on-year immo.ai drives AI usage on the platform ( > 4700% growth y-o-y) and monetization in professional and private subscriptions Listings and content continues to increase due platform attractiveness and product initiatives Spain performing in-line with expectations FY 2026 guidance confirmed YoY Growth Q2 2026 Revenue +20.0% ooEBITDA +14.1% Adj. EPS +17.7% 4 Q2/H1 2026 Results | August 2026
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522k at the end of June B2B customer growth in GER remains strong while B2C momentum continues to build Avg. number of professional customers (GER) Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Growth y-o-y +6.8% +6.2% +5.2% +3.7% +3.6% Avg. number of private customers Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Growth y-o-y +15.3% +14.5% +7.1% +2.5% +3.1% 21.1 21.8 22.5 23.9 24.7 in k 304.0 357.9 444.8 506.9 517.7 2022 in k Q2/2026 5 Q2/H1 2026 Results | August 2026 2023 2024 20252022 Q2/20262023 2024 2025
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Platform relevance and grey market product initiatives driving listings momentum Scout24 Transaction Momentum1 and Listings2 Index Contact request to agents3 1 Index includes residential as well as commercial transactions, and is derived from various data sources and proprietary Sprengnetter data. 2 Listings Index contains all German listings on the platform. 3 Index is based on contact requests for existing properties for sale or rent. 6 Q2/H1 2026 Results | August 2026 Baseline Transaction Index Listings Index 2020 2021 2022 2023 2024 2025 2026 50 75 100 125 150 175 Buy Rent 2020 2021 2022 2023 2024 2025 2026 0 50 100 150 200 167 89 146 118
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Integrating Scout24 into customers' daily workflows strengthens customer relationships and makes our business more resilient across market cycles. declining ↓ STRUCTURAL HEADWINDS High interest costs High construction costs Regulatory hurdles Macro & geopolitical uncertainty Housing Completion in Germany (in k)¹Residential Building Permits in Germany² 2021 2022 2023 2024 2025 2026e 0 100 200 300 400 1) German Federal Statistical Office, press release 174, 22 May 2026 2) ifo Institute, press release of 27 February 2026 Housing Completions in Germany (k) We continue to grow our customer base and increase product adoption, despite the challenging market H1 2026 y-o-y +3.6% +20.5% B2B customer growth Cross-Product Usage Growth ~50% of our B2B customers are using more than one product in our ecosystem 7 Q2/H1 2026 Results | August 2026
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Confirms the Intelligence Flywheel presented at CMD2026 1 HeyImmo and AI-powered filter search inquires 2Monthly Tracker; Source: Similarweb; % of referral traffic from websites classified as “AI Chatbots & Tools” out of Total Immoscout24.de Desktop traffic Total AI Search Actions on IS241 3.3 0.1 AI Search on IS24 External LLM Sessions 06-25 10-25 02-26 06-26 0.7%2 Referral traffic contribution from LLMs in June 2026 8 Q2/H1 2026 Results | August 2026 AI search continues to accelerate across ImmoScout24, strengthening our intelligence flywheel • AI search actions up 47x y-o-y to 3.3m in June 2026 • External LLM traffic remains de minimis • AI users more engaged (c. +260%), efficient and generate higher quality leads in m
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B2C Subscriptions: AI is already creating a clear upsell path to the highest subscription tier, supporting higher ARPU Price per month in EUR1 13 EUR Standard 18 EUR Pro 30 EUR Unlimited Established Rent journey Established Grey market Established Buy journey NEW Agentic Services Notes: 1) Based on 12-month subscription Tell us what you're looking for – we'll handle the rest. Unlimited applications sent automatically, 24/7. Update or pause your search whenever you like. NEW AI Application Assistant Unlimited subscription 9 Q2/H1 2026 Results | August 2026 Increased uptake of unlimited since launch of AI Assistant (+100%) AI products driving higher ARPU & monetisation
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AI is now integrated into B2B membership → potential from legacy migration Propstack AI: Bringing Agentic AI into everyday brokerage ImmoPoints are becoming the usage currency for AI and eco-system products ImmoPoints revenue in 06/2026 (+53% vs. Jun 2025) MRR EUR 3.2m Active ImmoPoints users in Jun 2026 (+55% vs. Jun 2025) > 9.4k B2B: AI drives customer growth and monetisation across our professional eco-system with migration from legacy memberships providing further upside 10.3% IP revenue as % of total B2B memb... H1 2024H2 2024H1 2025H2 2025H1 2026 10 Q2/H1 2026 Results | August 2026 565 1,200 Propstack AI Customers 06-25 10-25 02-26 06-26 CMD Propstack revenue growth ytd 20% AI actions on Propstack in H1 than in 2025 2x c. 8k / or c. 33% of customers still in legacy membership world → ARPU opportunity
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CMD 2024: Interconnectivity CMD 2026: Agentic OS AI Product Integration Ecosystem AI Monetisation Data & Intelligence Product Innovation Accelerating innovation cycles Agentic OS expands monetisation opportunities while accelerating innovation and operating leverage. CMD2026: Putting the opportunity in perspective 11 Q2/H1 2026 Results | August 2026 AI search emerging Limited cross-product usage None / limited Building the foundation Innovation cycles faster than ever AI embedded across products, workflows and transactions Connected ecosystem workflows Recurring and scaling Proprietary intelligence layer
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Financial Update 12 Q2/H1 2026 Results | August 2026
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Revenue (EUR m) ooEBITDA (EUR m) adjusted EPS (EUR) Operating cash flow (EUR m)1 ooEBITDA margin (%) +20.0 % 160.6 192.7 Q2 2025 Q2 2026 101.7 116.0 Q2 2025 Q2 2026 +14.1 % -3.1pp63.3 % +17.7% 0.87 1.02 Q2 2025 Q2 2026 60.2 % 133.5 120.7 H1 2025 H1 2026 -9.6% Financial Metrics Dashboard 13 Q2/H1 2026 Results | August 2026 1) incl. SBC/LTIP effect 318.2 372.2 H1 2025 H1 2026 +17.0 % 195.4 223.9 H1 2025 H1 2026 -1.3pp61.4 % 60.1 % 1.65 1.97 H1 2025 H1 2026 +18.8% +14.6 % Excluding LTIP cash outflows (€25.4m), operating cash flow increased by +9.4%.
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Industry-leading mid-teens subscription growth reflects the strength of our product- and innovation-first approach Customer retention and double- digit ARPU growth demonstrate continued pricing power Transaction Enablement continues to benefit from growth in agent software (CRM) and digital valuation products Organic ooEBITDA margin reached 65.4% in 2Q, reflecting strong operating leverage and PMI capabilities Reported margin reflects the consolidation of Spain EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Professional revenue 144.0 115.7 +24.5 % 277.6 231.0 +20.2 % Subscription revenue 110.6 83.6 +32.2 % 209.7 165.9 +26.4 % Subscription revenue GER 90.7 79.3 +14.3 % 180.2 157.5 +14.4 % # Customers (period avg.) GER 24,668 23,812 +3.6 % 24,525 23,663 +3.6 % ARPU (EUR) GER 1,225 1,110 +10.4 % 1,224 1,109 +10.4 % Subscription revenue RoE 19.9 4.3 >+100% 29.5 8.5 >+100% Transaction enablement revenue 27.5 26.4 +4.2 % 56.1 53.6 +4.7 % Other revenue 6.0 5.7 +5.2 % 11.8 11.5 +2.8 % Professional ooEBITDA 86.2 73.1 +18.0 % 167.0 141.9 +17.7 % Professional ooEBITDA margin 59.9 % 63.1 % -3.3pp 60.2 % 61.4 % -1.2pp ooEBITDA margin (organic) 65.4% 63.1% +2.3pp 64.1% 61.4% +2.7pp Professional: Product innovation continues to drive industry leading recurring growth 14 Q2/H1 2026 Results | August 2026
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Subscription growth accelerated both sequentially and year-on- year, driven by continued adoption of SearchPlus and LivingPlus LivingPlus (+60% YTD growth) continues to increase customer lifetime value while premium SearchPlus membership tiers support ARPU growth PPA remains a strong complementary growth engine driven by higher listing volumes and demand from private landlords Targeted marketing investments supports accelerating subscription growth EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Private revenue 48.7 44.9 +8.4 % 94.6 87.2 +8.6 % Subscription revenue 28.6 26.7 +7.0 % 55.7 52.5 +6.2 % # Customers (period avg.) 517,739 502,266 +3.1 % 512,670 498,708 +2.8 % ARPU (EUR) 18.4 17.7 +3.8 % 18.1 17.5 +3.3 % PPA revenue 15.9 14.6 +8.9 % 30.2 27.2 +11.1 % Other revenue 4.2 3.6 +16.1 % 8.8 7.5 +16.5 % Private ooEBITDA 29.8 28.6 +4.1 % 56.8 53.5 +6.3 % Private ooEBITDA margin 61.2% 63.7% -2.5pp 60.1% 61.4% -1.3pp Private segment: Product innovation is accelerating subscriber growth 15 Q2/H1 2026 Results | August 2026
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EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Revenue 192.7 160.6 +20.0% 372.2 318.2 +17.0% Revenue (organic) 177.2 160.6 +10.4% 351.7 318.2 +10.5% Own work capitalised 6.7 4.9 +35.4% 12.5 10.0 +24.2% Personnel costs -32.9 -28.0 -17.6% -62.9 -57.3 -9.7% Marketing costs -17.2 -10.4 -64.8% -33.5 -23.3 -43.7% IT costs -8.2 -5.6 -45.6% -14.8 -11.2 -32.7% Purchasing costs -12.1 -11.2 -8.0% -25.8 -23.2 -11.2% Other operating costs -13.0 -8.6 -50.6% -23.8 -17.8 -33.4% Total operating effects -83.4 -63.9 -30.5% -160.8 -132.9 -21.0% ooEBITDA 116.0 101.7 +14.1% 223.9 195.4 +14.6% ooEBITDA margin 60.2 % 63.3 % -3.1pp 60.1 % 61.4 % -1.3pp ooEBITDA margin (organic) 64.2% 63.3% +0.9pp 63.0% 61.4% +1.6pp H1 2026 organic cost base increased only 6.4%, well below 10.5% organic revenue growth Personnel costs continue to decline on organic basis due to productivity gains Marketing costs increased due to targeted investment in brand, product and Spain consolidation Organic IT costs grew only high-single digits 1H 2026; reported increase due to Spain Organic ooEBITDA margin expanded to 64.2% in 2Q, demonstrating scalability of our operating model Reported ooEBITDA margin reflects consolidation of Spain Strong organic margin expansion highlights inherent strength of our operating model 16 Q2/H1 2026 Results | August 2026
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EUR m Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change ooEBITDA 116.0 101.7 +14.1 % 223.9 195.4 +14.6 % Non-operating effects -15.0 -27.8 +46.0 % -10.5 -35.6 +70.5 % Reported EBITDA 101.0 73.9 +36.7 % 213.4 159.8 +33.6 % D&A -14.5 -12.1 -19.9 % -28.1 -24.2 -16.4 % EBIT 86.5 61.7 +40.0 % 185.3 135.6 +36.6 % Financial result 3.0 -6.1 >+100 % 2.3 -8.0 >+100 % Earnings before tax 89.5 55.6 +60.9 % 187.5 127.6 +46.9 % Taxes on income -26.3 -16.6 -58.5 % -55.8 -38.6 -44.6 % Net income 63.2 39.0 +61.9 % 131.7 89.0 +47.9 % Basic EPS (EUR) 0.90 0.54 +67.0 % 1.87 1.23 +52.0 % Adjusted net income 71.4 62.6 +14.1 % 138.5 119.7 +15.7 % Adjusted EPS (EUR) 1.02 0.87 +17.7 % 1.97 1.65 +18.8 % Weighted avg. # shares 70,074,381 72,293,830 -3.1 % 70,473,200 72,382,911 -2.6 % Adjusted EPS increased by 19%, outpacing revenue growth despite the consolidation of Spain Strong operating performance remains the primary driver of adjusted EPS growth, complemented by value accretive share buybacks Basic EPS additionally benefitted from significantly lower non-operating effects and an improved financial result - details are provided on the following page Strong adjusted EPS growth of 19% in H1 2026 17 Q2/H1 2026 Results | August 2026
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Share-based compensation was significantly lower year-on-year, reflecting a positive provision release in Q1 that largely offset the Q2 charge, resulting in a near- neutral H1 impact. PPA D&A increase due to Spain acquisition Financial result additionally benefited from fair value gains on VC fund investments and the release of excess provisions for Sprengnetter call options. EUR 1.87 Reported EPS EUR 1.97 Adjusted EPS Adjusted net income: Net Income is adjusted for: (1) non-operating effects (2) D&A and impairment losses on assets acquired in mergers, and (3) effects from mergers included in the financial result, such as measurement of purchase price liabilities and tax impacts. (EUR m) 131.7 10.1 0.4 6.9 -5.8 -4.8 138.5 Net income Non-operating effects (w/o SBC) Share-based compensation PPA D&A (intangibles) Financial result one-offs Tax impact Adjusted net income Lower share-based compensation and M&A expenses improve non-operating effects 18 Q2/H1 2026 Results | August 2026
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CMD 2024 CMD 2026 – 2028 Operating leverage Emerging the post-investment phase Accelerating operating leverage M&A value creation Building a strong track record in bolt-on M&A Applying the Scout24 operating model across acquisitions AI-powered revenue streams No monetisation Scaling AI monetisation EPS compounding Strong EPS growth Continued strong EPS compounding Building on the foundations laid at CMD 2024, Scout24 is entering an even stronger phase of value creation An increasingly powerful compounding model Multiple growth and profitability levers reinforcing one another Progressing towards best-in-class Scaling industry-leading double-digit growth B2B Memberships Building the subscription journey Expanding monetisation beyond search B2C Subscriptions 19 Q2/H1 2026 Results | August 2026
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131.7 28.1 -20.5 -6.5 -30.0 -2.3 100.6 Net income D&A Capitalised assets & IFRS 16 leasing Tax payment timing effects Changes working capital & provisions Net financial result Free cash flow 118.1 100.6 H1 2025 H1 2026 (EUR m) Free cash flow development Free cash flow conversion ratios for 6M 2026 • as % of adjusted net income: 73% • as % of ooEBITDA: 45% (EUR m) -14.8% Underlying cash generation remains strong despite higher LTIP cash outflows 20 Q2/H1 2026 Results | August 2026 1 thereof EUR 2.8m asset deal M&As 1 thereof € 25.4m LTIP
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Leverage 0.55 0.40 0.47 0.42 0.53 0.38 0.36 0.76 0.99 Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 Capital Returns (EUR m) 13.4 21.8 24.4 23.5 14.8 36.6 49.4 77.3 46.1 87.9 95.4 105.0 Share Buy-back Dividend Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 Leverage = Net Debt / ooEBITDA LTM; share buy-back liabilities excluded corresponding to leverage calculation within RCF agreement Balance sheet remains strong while supporting shareholder returns and strategic M&A 21 Q2/H1 2026 Results | August 2026 100.6 -123.4 -166.9 -105.0 FCF SBB M&A cash-out Dividend Leverage increase driven by shareholder returns and strategic M&A
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Guidance 2026 confirmed revenue growth of 16-18% thereof Spain / M&A 6-7 percentage points ooEBITDA margin up to 61% organic ooEBITDA margin up to 64% 22 Q2/H1 2026 Results | August 2026
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Q&A 23 Q2/H1 2026 Results | August 2026
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Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com Q3/9M 2026 results – 4 November 2026
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H1 2026 H1 2026 y-o-y EUR m H1 2026 thereof organic thereof Spain1 Total thereof organic Total operating cost 160.8 141.4 19.4 -21.0 % -6.4 % Personnel Costs 62.9 55.3 7.6 -9.7 % +3.5 % Marketing 33.5 27.7 5.8 -43.7 % -18.9 % IT Costs 14.8 12.1 2.7 -32.7 % -8.4 % Purchasing Costs 25.8 25.0 0.8 -11.2 % -7.8 % Other operating expenses 23.8 21.2 2.6 -33.4 % -19.1 % Appendix 25 Q2/H1 2026 Results | August 2026 1 Includes four months of contribution from the Spanish business following its initial consolidation. 2 Including EUR 2.5m of TSA costs in H1 2026; H1 2026 Spain margin: 23.4% (adjusted for TSA costs) 2