Slides
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1 Q3/25 Earnings Call 13 November 2025 Sebastian Bielski, CFO
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2 Q3/25 - Key takeaways IFRS Revenues surged by 23.7% YoY, marking a new quarterly record of €108.1M1 HomeToGo_PRO segment IFRS Revenues climbed by 83.3% YoY to €50.9M, with its Adjusted EBITDA more than doubling (+109.2% YoY) to €13.0M, establishing it as our new core growth driver 3 Marketplace segment Adjusted EBITDA notably increased by 60.0% YoY to €10.0M in 9M/25, due to a strategic shift to prioritize profitability over further topline growth, driven by increased marketing efficiency measures that have already yielded positive results 4 2 Adjusted EBITDA reached an all-time quarterly high of €43.0M (+19.8% YoY), while 9M/2025 Adjusted EBITDA grew even faster (+30.9% YoY) Q3/25 Earnings Call Interhome integration is on track - Already reached key milestones as well as the successful migration of the Interhome B2C channel to HomeToGo's core technology platform 5
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3 Record quarterly IFRS Revenues drive significant Adjusted EBITDA improvement Q3/25 Earnings Call 1 Net income (loss) before income taxes, finance income/finance expenses, depreciation and amortization adjusted for expenses for share-based compensation and one-off items. 2 Margin in % of IFRS Revenues. Booking Revenues in €M IFRS Revenues in €M Adjusted EBITDA1 (Margin2) in €M1 2 3 62.7 73.0+17% Q3 2025Q3 2024 209.8 226.7+8% 9M 20259M 2024 87.4 108.1 Q3 2025Q3 2024 +24% 176.7 201.2+14% 9M 20259M 2024 16.8 22.0 9M 20259M 2024 9.5% 10.9% +31% 35.9 43.0 Q3 2025Q3 2024 41.0% 39.7% +20%
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4 HomeToGo_PRO drives revenue growth while Marketplace profitability surges Booking Revenues in €M 226.7 +8% 9M/259M/24 209.8 96.6 (+2%) Booking (Onsite) Advertising Subscriptions Volume-based 58.2 (-7%) 19.0 (+14%) 60.8 (+40%) 62.8 94.3 16.7 43.5 IFRS Revenues in €M 201.2 +14% 9M/259M/24 176.7 76.1 (+2%) Booking (Onsite) Advertising Subscriptions Volume-based 51.2 (-4%) 19.0 (+14%) 37.8 16.6 74.6 53.5 Adjusted EBITDA in €M 22.0 +31% 9M/259M/24 16.8 10.6 12.0 (+14%) (7.5) Intercompany consolidation(8.0) (5.8) Intercompany consolidation(6.9) 1 2 3 6.2 Q3/25 Earnings Call 10.0 (+60%) 61.9 (+64%)
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5 HomeToGo_PRO drives Group’s double-digit topline and profitability growth in Q3/25 Booking Revenues in €M 73.0 +17% Q3/25Q3/24 62.7 29.0 (+6%) Booking (Onsite) Advertising Subscriptions Volume-based 11.4 (-33%) 6.9 (+28%) 27.9 (+92%) 17.1 27.4 5.4 14.5 IFRS Revenues in €M 108.1 +24% Q3/25Q3/24 87.4 40.9 (+6%) Booking (Onsite) Advertising Subscriptions Volume-based 20.8 (-13%) 6.8 (+26%) 22.4 5.4 38.8 24.1 Adjusted EBITDA in €M 43.0 +20% Q3/25Q3/24 35.8 (1.7) Intercompany consolidation(2.2) (3.2) Intercompany consolidation(4.6) 1 2 3 29.7 Q3/25 Earnings Call 30.0 (+1%) 6.2 44.1 (+97%) 13.0 (+109%) 35.9
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6 HomeToGo Marketplace maintains a strong Onsite Take Rate Increasing Onsite Take Rate1 6 1) Onsite Take Rate is the margin realized on the gross booking amount on the Marketplace and is defined as Booking Revenues from Booking (Onsite) divided by GBV from Booking (Onsite); 2) Onsite Share is defined as the ratio of Booking Revenues from Bookings (Onsite) to Booking Revenues from the Marketplace segment that measures the penetration of our Partner base with our Onsite booking product. Q3/24 Q3/25 13.5% 13.0% Development of Onsite Take Rate1 Jan/23 Sep/23 Jan/24 Sep/24 12.5% 15% 10% Jan/25 Sep/25 Q3/25 Earnings Call +0.5pp
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7 Basket size for bookings on our Marketplace continues to grow in our core DACH market Q3/25 Earnings Call Basket size evolution 1,000€ 500€ 1,500€ Q3/25 overall basket size: €917 (+2% YoY) Q3/25 DACH Rest of Europe North America w/o short- trip business €810 (+4% YoY) €1,158 (+6% YoY) €993 (-2% YoY) €1,476 (-8% YoY) Regional Booking Revenues share1 Q3/25 1) HomeToGo Group excl. Interhome DACH 70% (+6pp YoY) Rest of Europe 20% (-3pp YoY) North America 10% (-3pp YoY) Rest of World <1% (±0pp YoY) We currently do not see any negative impact from the changing consumer sentiment in our DACH booking KPIs Q3/24 DACH Rest of Europe North America w/o short- trip business €777 €1,093 €1,008 €1,605 €902
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8 In Q3/25, first-time consolidation of Interhome led to increased cost of revenues, accompanied by continued progress across all major cost components as a result of economies of scale and higher marketing efficiency 1 Adjusted for expenses for share-based compensation, depreciation and amortization and non-operating one-off items 2 Rounding differences may occur Cost of revenues Marketing & sales Gross profit Product development Administrative expenses Adjusted EBITDA1 Costs and margins1,2 (in % of IFRS Revenues) (1.6)% (61.9)% 98.4% (15.5)% (12.0)% 2024 (6.5)% (57.2)% 93.5% (13.6)% (11.8)% (4.9)pp +4.7pp (4.9)pp +1.9pp +0.1pp 2025 Delta 9.5% 10.9% +1.4pp 9M Other income and expenses 0.4% 0.01% (0.4)pp (1.2)% (38.2)% 98.8% (11.2)% (8.7)% 2024 (9.9)% (33.1)% 90.1% (9.5)% (7.3)% (8.7)pp +5.1pp (8.7)pp +1.8pp +1.4pp 2025 Delta 41.0% 39.7% (1.3)pp Q3 0.4% (0.4)% (0.8)pp Q3/25 Earnings Call
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9 18-month carve-out plan: Clear roadmap to successfully carve-out Interhome from its former parent companies to achieve full operational independence Closing of Acquisition 28 Aug 2025 B2C Channel Migration 5 Nov 2025 Fully carved-out Q3/25 Earnings Call Interhome integration is on track ● Launched the Interhome B2C channel on the HomeToGo Group’s core technology platform ● Unlocking faster product development, greater flexibility, and ensuring future scalability for the Interhome brand Mar 2027 Technology leadership: Successfully onboarded a dedicated Interhome CTO to drive integration and innovation Rapid integration: Successfully exited first TSAs ahead of schedule to reduce dependency Marketing takeover: HomeToGo took over paid marketing activities leveraging advanced data and technology solutions Additional key achievements to build the base for future accelerated growth:
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10 ● IFRS Revenues: Interhome is expected to contribute €30M in IFRS Revenues for the post-closing period (28 Aug - 31 Dec 2025). This amount reflects the pronounced seasonality of the business, as the peak summer travel season had largely concluded by the consolidation date. ● Adjusted EBITDA: The expected Adjusted EBITDA contribution from Interhome for the post-closing period is €(8)M. This is a direct result of the seasonal business model, where profits are concentrated in Q2 and Q3, while operational costs are incurred more evenly throughout the year. ● Free Cash Flow: On a statutory basis, the Group's Free Cash Flow for FY/25 is expected to be negative. This is driven by Interhome's typical cash flow cycle, which involves significant payments to hosts following the summer peak travel months. On a pro-forma basis we expect positive cash flow for 2025 10 FY/25 guidance confirmed HomeToGo - Europe’s leading vacation rental group FY/25 guidance based on statutory financials IFRS Revenues Adjusted EBITDA Free Cash Flow >€260M (+22% YoY) Outlook reflects timing of initial statutory consolidation of Interhome. Therefore the ‘pro-forma combined’ view better reflects the ‘true’ status quo Pro-forma combined (Incl. Interhome as of 1 Jan 2025) ~€400M (+4% YoY vs. FY/24 PF) (+88% YoY vs. FY/24 stat.) ~€40M (+22% YoY vs. FY/24 PF) (+213% YoY vs. FY/24 stat.) Positive >€11M (-14% YoY) Negative
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11 Q3/25 - Summary Our strategy is yielding strong results. Q3/25 results are proof that our new strategy is working. HomeToGo_PRO is our largest segment and driving scalable growth, while our Marketplace segment is now focused on delivering higher profitability 1 Guidance confirmed: Based on this strong strategic execution and robust 9M/25 performance, we confidently confirm our full-year 2025 guidance of pro-forma IFRS Revenue of €400M and pro-forma Adj. EBITDA of €40M 3 2 Integration of Interhome is fully on track: The Interhome integration is progressing swiftly and key milestones have already been achieved ahead of schedule, as well as the successful migration of the B2C channel. Q3/25 Earnings Call
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12 Q3/25 Earnings Call Q&A
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13 Q3/25 Earnings Call Appendix
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14 Shortened Profit and Loss Statement HomeToGo Standalone (excl. Interhome) in € thousand Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 IFRS Revenues 21,883 42,786 73,860 23,504 36,404 52,929 87,383 35,562 34,442 58,736 89,658 Cost of revenues1 (1,153) (1,104) (1,130) (1,313) (1,568) (1,638) (2,336) (2,515) (1,830) (2,642) (3,350) Gross profit 20,730 41,682 72,729 22,191 34,836 51,292 85,047 33,047 32,592 56,093 86,307 Product development and operations1 (6,613) (6,185) (8,154) (8,244) (7,737) (8,705) (8,728) (8,507) (7,546) (7,913) (8,578) Marketing and sales (33,896) (28,980) (31,128) (13,295) (41,626) (34,349) (33,414) (22,560) (45,261) (33,996) (31,752) General and administrative (4,917) (4,952) (5,010) (5,179) (6,849) (6,308) (7,384) (5,455) (8,374) (6,667) (6,804) Other expenses (384) (608) (700) 642 (240) (229) (362) (454) (320) (804) (597) Other income 264 450 358 989 396 472 705 (67) 934 686 249 Adjusted EBITDA (24,816) 1,408 28,096 (2,896) (21,219) 2,173 35,684 (3,996) (27,975) 7,401 38,824 Adjusted EBITDA margin (113.4)% 3.3% 38.0% (12.3)% (58.3)% 4.1% 41.0% (11.2)% (81.3)% 12.6% 43.3% HomeToGo - Europe’s leading vacation rental group 1) Costs of revenues have been retrospectively adjusted for better comparability following a reclassification in presentation of expenses for property management services from Product development and operations and payment provider fees from General and administrative.
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15 Shortened Profit and Loss Statement Interhome Standalone in € thousand Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 IFRS Revenues 22,099 39,499 88,229 17,753 26,546 41,484 92,152 15,697 24,959 43,937 93,515 Cost of revenues (12,866) (17,961) (26,706) (12,905) (14,254) (18,327) (27,488) (13,354) (14,397) (20,093) (27,276) Gross profit 9,233 21,538 61,523 4,848 12,292 23,158 64,664 2,343 10,562 23,845 66,239 Product development and operations (3,603) (5,558) (2,855) (5,567) (3,918) (5,307) (4,500) (4,589) (5,100) (4,794) (5,224) Marketing and sales (7,728) (10,087) (21,056) (5,107) (7,796) (10,604) (21,875) (5,501) (8,151) (11,266) (22,273) General and administrative (3,234) (3,251) (4,737) (4,450) (4,286) (3,995) (4,493) (3,595) (4,065) (3,873) (4,025) Other expenses (400) (313) (475) (153) (3,095) (180) (1,181) (830) (672) (244) (500) Other income 369 1,018 1,022 1,755 328 1,150 962 843 1,402 519 346 Adjusted EBITDA (5,362) 3,347 33,422 (8,674) (6,445) 4,222 33,577 (11,329) (6,024) 4,187 34,563 Adjusted EBITDA margin (24.3)% 8.5% 37.9% (48.9)% (24.3)% 10.2% 36.4% (72.2)% (24.1)% 9.5% 37.0% HomeToGo - Europe’s leading vacation rental group
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16 Shortened Profit and Loss Statement Pro-Forma Combined (after Intercompany Consolidation) in € thousand Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 IFRS Revenues 43,666 80,851 158,468 40,893 62,549 93,218 176,603 50,915 59,041 101,329 179,741 Cost of revenues (14,018) (19,065) (27,836) (14,219) (15,821) (19,964) (29,824) (15,869) (16,227) (22,735) (30,627) Gross profit 29,648 61,786 130,632 26,674 46,728 73,254 146,780 35,047 42,814 78,594 149,115 Product development and operations (10,215) (11,744) (11,008) (13,811) (11,655) (14,013) (13,228) (13,096) (12,646) (12,706) (13,803) Marketing and sales (41,309) (37,633) (48,563) (18,037) (48,992) (43,757) (52,358) (27,718) (53,073) (43,917) (50,593) General and administrative (8,151) (8,203) (9,748) (9,629) (11,134) (10,303) (11,877) (9,049) (12,439) (10,540) (10,829) Other expenses (784) (921) (1,175) 489 (3,335) (408) (1,543) (1,284) (991) (1,048) (1,097) Other income 633 1,469 1,380 2,744 724 1,622 1,667 776 2,337 1,205 595 Adjusted EBITDA (30,178) 4,754 61,517 (11,570) (27,664) 6,395 69,441 (15,325) (33,998) 11,587 73,387 Adjusted EBITDA margin (69.1)% 5.9% 38.8% (28.3)% (44.2)% 6.9% 39.3% (30.1)% (57.6)% 11.4% 40.8% HomeToGo - Europe’s leading vacation rental group +
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17 Impact from first-time Consolidation of Interhome on Group PnL in € thousand Q3/24 HTG (standalone) Q3/25 HTG (standalone) Interhome contribution (28.8. - 30.9.2025) Combined Consolidation Q3/25 HTG Group IFRS Revenues 87,383 89,658 19,075 108,732 (642) 108,090 Cost of revenues(1)(2) (2,336) (3,350) (7,309) (10,660) — (10,660) Gross profit 85,047 86,307 11,765 98,072 (642) 97,431 Product development and operations(2) (8,728) (8,578) (1,682) (10,260) — (10,260) Marketing and sales(2) (33,414) (31,752) (4,712) (36,464) 642 (35,822) General and administrative(2) (7,384) (6,804) (1,116) (7,920) — (7,920) Other expenses (362) (597) (234) (831) — (831) Other income 705 249 115 364 — 364 Adjusted EBITDA 35,864 38,824 4,137 42,961 — 42,961 Adjusted EBITDA Margin 41.0% 43.3% 21.7% 39.5% 0.2% 39.7% HomeToGo - Europe’s leading vacation rental group 1) Prior period numbers have been retrospectively adjusted due to reclassification of Adyen charges and cleaning services from G&A, Product development and operations respectively to cost of revenues. 2) Adjusted for depreciation & amortization, share-based compensation and one-off items.
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18 ALL vested share-based compensation claims can easily be covered by treasury shares, even at a share price of 3 EUR Max. number of treasury shares needed to settle ALL currently vested VSOP (pre-IPO) and ALL currently vested LTI (RSU and VSO)1 Currently available treasury shares 3.8M 1 EURShare price 3 EUR 4 EUR 5 EUR ~2.2M RSU 2.3M 6.9M VSO 2.2M 4.4M 6.6M 9.0M 153K As of September 30, 2025 Q3/25 Earnings Call 1) Granted as of 30 September 2025. Assumptions: All eligible employees exercise their vested entitlements; Legacy VSOP without hurdle options (€12.00 / €14.00), RSU = restricted stock units, VSO = virtual stock options 4.4M 2 EUR 2.3M
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19 Statements of Total Comprehensive Income and EBITDA reconciliation in € thousand Q3/25 Q3/24 9M/25 9M/24 IFRS Revenues 108,090 87,383 201,248 176,716 Cost of revenues (12,392) (1,977) (17,684) (5,796) Gross profit 95,698 85,406 183,564 170,920 Product development and operations (11,296) (11,096) (31,080) (31,177) Marketing and sales (38,461) (34,322) (123,030) (112,938) General and administrative (12,177) (14,001) (36,226) (33.497) Other expenses (831) (362) (1,955) (830) Other income 364 705 1,984 1,573 Profit (loss) from operations 33,297 26,330 (6,743) (5,948) Finance result, net 128 232 (1,729) 1,105 Profit (loss) before tax 33,426 26,561 (8,472) (4,844) Income taxes (1,878) (1,068) (2,,922) (2,298) Net income (loss) 31,547 25,494 (11,393) (7,142) Other comprehensive income / (loss) (47) (264) (90) 264 Total comprehensive income / (loss) 31,500 25,230 (11,484) (6,878) in € thousand Q3/25 Q3/24 9M/25 9M/24 Profit (loss) from operations 33,297 26,330 (6,743) (5,948) Depreciation and amortization 4,720 2,311 13,227 7,729 EBITDA 38,017 28,641 6,485 1,781 Share-based compensation 3,479 3,449 10,623 9,820 One-off items 1,465 3,774 4,909 5,216 Adjusted EBITDA 42,961 35,864 22,017 16,817 Adj. EBITDA margin 39.7% 41.0% 10.9% 9.5% Q3/25 Earnings Call
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20 Statements of Financial Position Assets (in € thousand) Sep 30, 2025 Dec 31, 2024 Intangible assets 474,977 241,522 Property, plant and equipment 32,036 12,377 Other receivables (non-current) 1,658 0 Income tax receivables (non-current) 74 113 Other financial assets (non-current) 10,067 10,708 Other assets (non-current) 866 169 Deferred tax assets 192 200 Total non-current assets 519,871 265,089 Trade and other receivables (current) 43,322 18,143 Income tax receivables (current) 4,670 4,112 Other financial assets (current) 2,016 16,381 Other assets (current) 11,251 6,251 Cash and cash equivalents 115,503 70,790 Total current assets 176,762 115,677 Total assets 696,633 380,765 Equity and Liabilities (in € thousand) Sep 30, 2025 Dec 31, 2024 Subscribed capital 3,461 2,441 Capital reserves 614,333 528,002 Foreign currency translation reserve (727) (637) Share-based payments reserve 114,812 106,815 Retained Earnings (413,791) (402,250) Equity attributable to the shareholders of HomeToGo 318,087 234,371 Non-controlling interests 33,017 32,852 Total Equity 351,104 267,223 Borrowings (non-current) 49,060 68 Other financial liabilities (non-current) 90,027 18,926 Provisions (non-current) 1,450 550 Other liabilities (non-current) 947 886 Income tax liabilities (non-current) 3,284 - Deferred tax liabilities 16,999 19,477 Non-current liabilities 161,768 39,908 Borrowings (current) 22,821 109 Trade and other payables (current) 73,188 18,107 Other financial liabilities (current) 25,496 26,809 Provisions (current) 1,778 1,340 Other liabilities (current) 46,938 22,474 Income tax liabilities (current) 13,540 4,796 Current liabilities 183,761 73,635 Total liabilities 345,529 113,543 Total equity and liabilities 696,633 380,765 Q3/25 Earnings Call
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21 Statements of Cash Flows (1/2) in € thousand Q3/25 Q3/24 9M/25 9M/24 Profit (loss) before tax 33,425 26,561 (8,472) (4,844) Adjustments for: Depreciation and amortization 4,902 2,311 13,795 7,729 Non-cash employee benefits expense - share-based payments 3,481 3,449 10,620 9,820 VSOP - Exercise tax settlement charge - - - (637) VSOP - Cash paid to beneficiaries - - - (20) Other non-cash expenses/income (3,842) - (3,842) - Gain/loss on disposal of fixed assets (2) - (3) - Finance result, net (128) (232) 1,729 (1,105) Net exchange differences 124 14 74 (329) Change in operating assets and liabilities (Increase) / Decrease in trade and other receivables (2,396) (12,951) (5,225) (25,118) (Increase) / Decrease in other financial assets 3,143 (18) 3,507 (2,646) (Increase) / Decrease in other assets 1,713 3,374 (144) 7,168 Increase / (Decrease) in trade and other payables (20,240) 2,025 (19,041) 10,650 Increase / (Decrease) in other financial liabilities (23,020) (16,622) 264 7,663 Increase / (Decrease) in other liabilities (19,252) (5,323) (11,261) (9,050) Other non-cash changes in receivables and liabilities (862) - (896) - Increase / (Decrease) in provisions (263) 140 175 (982) Cash generated from operations (23,216) 2,730 (18,717) (1,699) Income taxes (paid) / received 1,725 (1,571) (2,128) (2,882) Net cash from operating activities (21,491) 1,159 (20,845) (4,581) Q3/25 Earnings Call
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22 Statements of Cash Flows (2/2) in € thousand Q3/25 Q3/24 9M/25 9M/24 Net cash from operating activities (21,491) 1,159 (20,845) (4,581) Proceeds from disposal of property, plant and equipment and intangible assets 55 - 88 - Proceeds from / (Payments for) financial assets at fair value through profit and loss - 5,000 11,890 20,000 Payment for acquisition of subsidiary, net of cash acquired (85,795) (2,458) (92,795) (31,256) Sale/(purchase) of investments - (558) - (558) Payments for property, plant and equipment (303) (85) (637) (252) Payments for intangible assets (20) (125) (583) (766) Payments for internally generated intangible assets (2,610) (1,836) (7,402) (5,629) Proceeds from sale of property, plant and equipment and intangible assets 2 5 3 3 Net cash from investing activities (88,671) (57) (89,436) (18,458) Proceeds of borrowings and convertible loans 75,203 - 75,177 - Repayments of borrowings (51) (670) (103) (2,342) Interest and other finance cost paid (-)1 (753) 247 (1,332) 697 Proceeds / (Payments) in relation to Share Buyback - (321) - (4,232) Increase in shareholders’ equity from parent company shareholders (6) - 82,617 - Principal elements of lease payments (645) (330) (1,252) (1,006) Net cash from financing activities 73,747 (1,074) 155,108 (6,883) Net increase (decrease) in cash and cash equivalents (36,415) 28 44,827 (29,923) Cash and cash equivalents at the beginning of the period 151,935 79,022 70,790 108,982 Effects of exchange rate changes on cash and cash equivalents (17) (1,200) (114) (1,209) Cash and cash equivalents at the end of the period 115,503 77,850 115,503 77,850 Q3/25 Earnings Call 1) Interest and other finance costs paid was moved from operating activities to financing activities.
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23 Operating CF2 (21) Financing CF and other changes3 Investing CF Cash & cash equivalents Q3/254 Cash & cash equivalents Q2/25 in €M, rounded Sequential decrease in cash position due to timing of first time consolidation of Interhome and payment of purchase price 1) Both Q2/25 and Q3/25 liquidity include investments into other highly liquid short-term financial assets, i.e. money market funds and traveler advance payments. The latter represent an amount of €15.0M at the end of Q3/25. 2) Net operating cash flow includes net payments made in the amount of €19.4M (Q3/24: cash inflows of €16.6M) for traveler advance payments collected as part of payment services for hosts. 3) Includes financing cash flow and effect of exchange rate on cash and cash equivalents. 4) Q3/25 cash & cash equivalents include cash of €9.6M that is restricted due to statutory requirements. (89) 74 116 152 Q3/25 Earnings Call
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24 Free Cash Flow bridge in €M, rounded Q3/25 Q3/24 9M/25 9M/24 Adjusted EBITDA 43.0 35.9 22.0 16.8 Share-based compensation (3.5) (3.4) (10.6) (9.8) One-off items (1.5) (3.8) (4.9) (5.2) EBITDA 38.0 28.6 6.5 1.8 Depreciation and amortization (4.7) (2.3) (13.2) (7.7) Income/ Loss from operations 33.3 26.3 (6.7) 5.9 Finance result, net 0.1 0.2 (1.7) 1.1 Income/ Loss before income Tax 33.4 26.6 (8.5) (4.8) Adjustments for Depreciation and amortization 4.9 2.3 13.8 7.7 Non-cash employee benefits expense - share-based payments 3.5 3.4 10.6 9.8 Other non-cash expenses/income (3.8) - (3.8) - VSOP - Exercise tax settlement charge - - - (0.6) VSOP - Cash paid to beneficiaries - - - <(0.1) Finance result, net (0.1) (0.2) 1.7 (1.1) Net exchange differences 0.1 <0.1 <0.1 (0.3) Change in operating assets and liabilities (Increase) / Decrease in trade and other receivables (2.4) (13.0) (5.2) (25.1) (Increase) / Decrease in other financial assets 3.1 <(0.1) 3.5 (2.6) (Increase) / Decrease in other assets 1.7 3.4 (0.1) 7.2 Increase / (Decrease) in trade and other payables (20.2) 2.0 (19.0) 10.7 Increase / (Decrease) in other financial liabilities (23.0) (16.6) 0.3 7.7 Increase / (Decrease) in other liabilities (19.3) (5.3) (11.3) (9.1) Other non-cash changes in receivables and liabilities (0.9) - (0.9) - Increase / (Decrease) in provisions (0.3) 0.1 0.2 (1.0) Cash generated from operations (23.3) 2.7 (18.7) (1.7) Income taxes (paid) / received 1.7 (1.5) (2.1) (2.9) Net cash from operating activities (21.6) 1.2 (20.8) (4.6) ./. Capital Expenditures (2.9) (2.1) (8.6) (6.7) thereof payments for PPE (0.2) (0.1) (0.6) (0.3) thereof payments for internally generated intangible assets (2.6) (2.0) (8.0) (6.4) Free Cash Flow (24.5) (0.9) (29.4) (11.2) Q3/25 Earnings Call Driven by payments to Interhome hosts after acquisition date following the peak summer holiday season Note: Interest and other finance costs paid was moved from operating activities to financing activities.
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25 The HomeToGo Share Shareholder Structure1 Share Information Ticker symbol HTG Type of Shares Class A Shares (Public Shares) and Class B Shares (Founder Shares) Stock Exchange Frankfurt Stock Exchange Market Segment Regulated Market (Prime Standard) of the Frankfurt Stock Exchange First Day of Trading September 22, 2021 Total Number of Shares Outstanding 173,641,858 (169,058,525 Class A Shares and 4,583,333 Class B Shares) Total Number of Issued Shares 180,263,982 (175,680,649 Class A Shares and 4,583,333 Class B Shares) Issued Share Capital € 3,461,068.45 HTG Insight IX S.à r.l.: 12.0% AOC Fox S.à r.l.: 10.2% Acton GmbH & Co. Heureka II KG: 6.1% Janus Henderson Group Plc: 4.8%Management Board: 5.5% Treasury Shares: 2.5% Free Float: 44.0% Klaus Hommels2: 8.6% DN Capital: 6.3% 1) As of September 30, 2025, as known to the Company; percentage figures are rounded to the nearest decimal 2) Incl. ANXA Holding PTE and Lakestar II. 11.5% if Class B Warrants are included in the calculation Q3/25 Earnings Call
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26 Upcoming events in 2025 and beyond - Join us! Date Event Q3/25 Earnings Call Nov 24-25, 2025 German Equity Forum, Frankfurt Jan 14, 2026 Baader Swiss Equities Conference, Bad Ragaz Jan 21, 2026 UniCredit / Kepler Cheuvreux German Corporate Conference, Frankfurt Mar 16, 2026 FY 2025 & Q4 2025 Financial Results and Publication of Annual Report 2025
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27 HomeToGo Investor Relations Contact HomeToGo GmbH Pappelallee 78/79 10437 Berlin IR@hometogo.com https://ir.hometogo.de/ T: +49 157 501 63731 HomeToGo SE | 9, rue de Bitbourg, L-1273 Luxembourg IR@hometogo.com https://ir.hometogo.de/ Sebastian Grabert, CFA Director IR & Corporate Finance sebastian.grabert@hometogo.com Carsten Fricke, CFA Head of IR & Corporate Finance carsten.fricke@hometogo.com Team Contact HQ Office Location Q3/25 Earnings Call
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28 Glossary Core KPIs IFRS Revenues Revenues according to IFRS accounting policies. IFRS Revenues from booking-related activities are recognized on check-in date. Revenues from non-booking- related activities are recognized when services are provided click or referral date. IFRS Revenues from Subscriptions are recognized over time. Adjusted EBITDA Net income (loss) before (i) income taxes; (ii) finance income, finance expenses; (iii) depreciation and amortization; adjusted for (iv) expenses for share-based compensation and (v) one-off items. One-off items relate to one-time and therefore non-recurring expenses and income outside the normal course of operational business. Among others those would include for example income and expenses for business combinations and other merger & acquisitions (M&A) activities, litigation, restructuring, government grants and other items that are not recurring on a regular basis and thus impede comparison of the underlying operational performance between financial periods. Free Cash Flow (FCF) Free Cash Flow is defined as net cash from operating activities deducted by capital expenditures defined as net investment into PPE as well as into intangibles and internally-generated intangible assets. Reporting segments and revenue activities Marketplace Our reporting segment Marketplace aggregates all business models and revenue activities that are focused on the traveler as our customer. Revenues are mainly generated not directly with the traveler, but indirectly with our Partners and comprise revenue activities from Booking (Onsite) and Advertising. Booking (Onsite) Revenues from Booking (Onsite) occur when the traveler booking journey is entirely completed on a HomeToGo Marketplace website. Booking (Onsite) is largely comparable to former CPA Onsite business. Advertising Revenues from Advertising comprise all activities when the travelers (booking) journey is not entrirely completed on a HomeToGo Marketplace website Advertising is largely comparable to former CPA Offsite and CPC. HomeToGo_PRO Our reporting segment HomeToGo_PRO aggregates all business models and revenue activities that are focused on the supplier of the vacation rental (hosts, property managers, destinations or others) or other (travel) businesses that want to offer vacation rentals themselves. It comprises revenues from Volume-based services as well as subscriptions that are tailored to enable the direct supplier or other third party being successful in the vacation rental market. Our Marketplace is partially utilized to promote and monetize the vacation rentals from our HomeToGo_PRO segment. Inter-segment revenues and expenses are reported as 'Intercompany consolidation' under 'Group' in our KPI cockpit. Subscriptions Revenues from Subscriptions result from Software as a Service ('SaaS') and online advertising services for direct suppliers of vacation rentals who can use these over a determined period - irrespective of the amount of bookings. Accordingly, the related revenues are recognized over time. Volume-based Volume-based revenues are consumption-based usage fees for software and other services resulting mainly from the amount of bookings and services to the direct provider of the vacation rental or other third party. Further financial KPIs (Non-GAAP) Booking Revenues Booking Revenues is a non-GAAP operating metric to measure performance that is defined as the net Euro value of bookings before cancellations generated by transactions on the HomeToGo platforms in a reporting period. Booking Revenues do not correspond to, and should not be considered as alternative or substitute for IFRS Revenues recognized in accordance with IFRS. Contrary to IFRS Revenues, Booking Revenues are recorded at the point in time when the booking is made. Revenues from non-booking activities as included in Advertising or revenues from Subscriptions are considered without any difference in revenue recognition for Booking Revenues as under IFRS to complement the view. Further financial KPIs (Non-GAAP, continued) Gross Booking Value (GBV) GBV is the gross EUR value of bookings on our platform in a reporting period (as reported by our Partners). GBV is recorded at the time of booking and is not adjusted for cancellations or any other alterations after booking. For Onsite and Volume-based transactions, GBV includes the booking volume as tracked in the booking confirmation to the traveler. For transactions reported under Advertising, the GBV is partially provided by the supplier of the property, otherwise it is estimated. For Subscriptions, GBV is estimated. as well. The estimations are based on traffic or inquiry volumes, expected conversion rates, tracked duration of stay and tracked price per night. While the product of the two latter ones describe the basket size. Onsite Take Rate Onsite Take Rate is the margin realized on the gross booking amount on the Marketplace and is defined as Booking Revenues from Booking (Onsite) divided by GBV from Booking (Onsite). Onsite Share Onsite Share is defined as the ratio of Booking Revenues from Bookings (Onsite) to Booking Revenues from the Marketplace segment that measures the penetration of our Partner base with our onsite booking product. Booking Revenues Backlog Booking Revenues Backlog comprises Booking Revenues before cancellation generated in the reporting period or prior with IFRS Revenues recognition based on check-in date after the reporting period. Cancellation Rate Cancellation Rate reflects the share of Booking Revenues that are cancelled subsequently, however, before being recognized as IFRS Revenues. This metric is monitored continuously and used for forecasting and budget planning. Non-financial KPIs Bookings Bookings represent the number of bookings generated by travelers using the Marketplace and services of HomeToGo PRO. Booking Basket Size Booking Basket Size is defined as Gross Booking Value per booking before cancellations.It comprises Onsite bookings and bookings on external websites of Advertising and HomeToGo_PRO services. The Booking Basket Size is the product of the average daily rate and average length of stay. Other defined terms Partners Contracted businesses (such as online travel agencies, tour operators, property managers, other inventory suppliers, software partners) or private persons that distribute, manage or own accommodations which they directly or indirectly list on HomeToGo Group platforms. Repeat Booking Revenues Booking Revenues coming from existing customers, i.e. users that have placed more than one lifetime booking on brands that operate on HomeToGo’s vacation rental Marketplace technology. Returning Visitor Clearly identifiable user, e.g. via cookie or login, returning to one of the HomeToGo Group websites. Hence, the user had at least one lifetime visit before; data excl. Agriturismo, AMIVAC, e-domizil, EscapadaRural, SECRA, Kurz Mal Weg and Kurzurlaub. AMIVAC Provides subscription listing services for both homeowners and professional agencies. AMIVAC SAS (Paris, France) is a direct (100%) subsidiary of HomeToGo GmbH. GetAway (Kurz Mal Weg and Kurzurlaub) Two German market leading brands that are offering thematic travel bundles with hotels for short trips. Getaway Travel GmbH (Leipzig, Germany), Super Urlaub GmbH (Schwerin, Germany) and its Austrian subsidiary Kurzurlaub SHBC GmbH (Wien, Austria) are indirect (51%) subsidiaries of HomeToGo GmbH. Interhome A leading specialist for vacation rentals and supports homeowners in renting and servicing their vacation rentals, being locally available in the destinations for guests and homeowners. The holding entity of Interhome subgroup, HHD AG (Glattburgg, Switzerland), is a direct (100%) subsidiary of HomeToGo GmbH. SECRA Offers software for hosts, rental agencies and destinations facilitates end-to-end management and marketing services for vacation rentals. SECRA Bookings GmbH (Sierksdorf, Germany) is a direct (100%) subsidiary of HomeToGo GmbH. Smoobu All-in-one SaaS solution that connects self-service hosts more easily to partners. Smoobu GmbH (Berlin, Germany) is a direct (100%) subsidiary of HomeToGo GmbH.Q3/25 Earnings Call
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29 Disclaimer Forward-Looking Statements This Presentation contains certain forward-looking statements, including statements regarding HomeToGo’s future business and financial performance. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements reflect, at the time made, HomeToGo’s beliefs, intentions and current targets/aims concerning, among other things, HomeToGo’s results of operations, financial condition, liquidity, prospects, growth and strategies. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; developments of HomeToGo’s markets; the impact of regulatory initiatives; and the strength of HomeToGo’s competitors. Forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The forward-looking statements in the Presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in HomeToGo’s records and other data available from third parties. Although HomeToGo believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Forward-looking statements are not guarantees of future performance and such risks, uncertainties, contingencies and other important factors could cause the actual outcomes and the results of operations, financial condition and liquidity of HomeToGo or the industry to differ materially from those results expressed or implied in the Presentation by such forward-looking statements. No representation or warranty is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. Undue influence should not be given to, and no reliance should be placed on, any forward-looking statement. No statement in the Presentation is intended to be nor may be construed as a profit forecast. It is up to the recipient to make its own assessment of the validity of any forward-looking statements and assumptions. No liability whatsoever is accepted by HomeToGo or any of HomeToGo’s Representatives or any other person in respect of the achievement of such forward-looking statements and assumptions. Use of Non-IFRS Measures The Presentation includes certain financial measures (including on a forward-looking basis) that have not been prepared in accordance with International Financial Reporting Standards as adopted by the International Accounting Standards Board (“IFRS”). These non-IFRS measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with IFRS. HomeToGo believes that these non-IFRS measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about HomeToGo. These projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results. Metrics that are considered non-IFRS financial measures are presented on a non-IFRS basis without reconciliations of such forward looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. They are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded and included in determining these non-IFRS financial measures. In order to compensate for these limitations, management presents non-IFRS financial measures in connection with IFRS results. In addition, other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore, HomeToGo’s non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Financial Information Quarterly financial information is unaudited and may be subject to change. Q3/25 Earnings Call