HomeToGo reports strong Q1/24 performance: IFRS Revenues growth >60% YoY and
fully on track to achieve 2024 goals. Introduction of new B2C and B2B business
segment reporting

EQS-News: HomeToGo SE / Key word(s): Quarter Results
HomeToGo reports strong Q1/24 performance: IFRS Revenues growth >60% YoY and
fully on track to achieve 2024 goals. Introduction of new B2C and B2B
business segment reporting

13.05.2024 / 19:16 CET/CEST
The issuer is solely responsible for the content of this announcement.

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HomeToGo reports strong Q1/24 performance: IFRS Revenues growth >60% YoY and
fully on track to achieve 2024 goals. Introduction of new B2C and B2B
business segment reporting

Luxembourg, 14 May 2024 - HomeToGo SE (Frankfurt Stock Exchange: HTG), the
SaaS-enabled marketplace with the world's largest selection of vacation
rentals, today published its financial results for the first quarter of
2024.

Financial Highlights

  * Booking Revenues reached an all-time high value of EUR83.4M (27.7% YoY and
    214% Yo5Y), primarily driven by Booking (Onsite) business (39.3% YoY)
    and record high Onsite Take Rate of 12.8% (+1.7pp YoY). Booking Revenues
    Backlog (1) at the end of Q1 grew 10.3% YoY to a new record figure of
    EUR76.6M.

  * IFRS Revenues reached a record high for the first quarter of EUR36.4M
    (66.4% YoY and 201% Yo5Y) driven by both segments, HomeToGo B2C
    Marketplace and HomeToGo_PRO B2B business. The high growth during Q1/24
    partially relates to the first-time consolidation of HomeToGo's latest
    acquisitions in January 2024 as well as an early Easter break.

      * The Marketplace segment, HomeToGo's B2C platform offering the
        world's largest selection of vacation rentals to travelers, strongly
        grew IFRS Revenues by 83.7% YoY due to stellar growth in its Booking
        (Onsite) business that more than tripled its IFRS Revenue YoY. The
        Advertising business line contributed a substantial 27.6% YoY
        increase in IFRS Revenues.

      * The HomeToGo_PRO segment, encompassing B2B Software & Service
        Solutions for the whole travel market with a special focus on SaaS
        for the supply side of vacation rentals, reached EUR11.6M in IFRS
        Revenues (35.3% YoY), now accounting for 32% of HomeToGo Group's
        total IFRS Revenues in Q1/24.

  * Adjusted EBITDA amounted to EUR(21.2)M in Q1/24 (15% or a EUR3.6M YoY
    improvement), reflecting an Adjusted EBITDA margin of (58.3)% which is
    fully in line with the underlying seasonality of the business. Adjusted
    EBITDA margin strongly improved by +55.1pp YoY largely due to a
    substantially higher marketing efficiency.

  * Comfortable cash position of EUR90.6M after incorporating the successful
    closing of the majority acquisitions in Q1/24 and the significant
    seasonal marketing investments to build up the record Booking Revenues
    Backlog.

  * Free Cash Flow (2) of EUR(22.4)M in line with expectations at (11.3)% YoY
    due to higher capital expenditures, VAT tax payments as a result of the
    recent acquisitions, and seasonal higher working capital needs.

Confirmation of full year guidance

Based on the strong Q1/24, the Company confirms its FY/24 guidance of
growing Booking Revenues to more than EUR250M (>30% YoY), IFRS Revenues to
more than EUR220M (>35% YoY), and delivering more than EUR10M of Adjusted EBITDA
in FY/24 (>400% YoY).

Dr. Patrick Andrae, Co-Founder & CEO of HomeToGo: "The first quarter of 2024
marks the introduction of HomeToGo's new reporting segmentation that aims to
provide the market with higher transparency into our business operations and
financial updates. At the end of the first quarter, we are fully on track
with our ambitious growth journey through the robust growth achieved both by
our B2C Marketplace and HomeToGo_PRO at the beginning of the year. We are
well positioned to achieve our 2024 financial targets and remain focused on
accelerating our growth at improved profitability."

Review of Q1/24

In Q1/24 HomeToGo delivered a strong performance in Booking Revenues to a
new quarterly all-time high of EUR83.4M (27.7% YoY vs. EUR65.3M in Q1/23 and
214% Yo5Y vs. EUR26.6M in Q1/19). The dominant driver was the newly
established Marketplace segment with its Booking (Onsite) business growing
39.3% YoY in Booking Revenues and even 53.0% YoY in its number of bookings.
Besides a strong organic foundation, these positive developments were partly
driven by the first-time consolidation of the majority acquisition of the
combined leading short trip business of Kurz Mal Weg and Kurzurlaub in early
2024. This contributed to business volume with shorter length of stays in
DACH due to the acquisition's leading speciality in short trips.

Another key driver behind the top-line growth was the substantial growth of
the Marketplace segment's Onsite Take Rate to 12.8% (+1.7pp YoY) as part of
the Booking (Onsite) business. The Booking Revenues Backlog grew to a new
all-time record high of EUR76.6M (10.3% YoY vs. EUR69.5M in Q1/23). HomeToGo's
Repeat Booking Revenues grew by 31% in the first quarter of 2024 compared to
the previous year period and more than ten-folded over the last five years.

HomeToGo's IFRS Revenues increased materially by 66.4% to EUR36.4M (vs. EUR21.9M
in Q1/23 and 201% vs. EUR12.1M in Q1/19) in the first three months of the year
compared to the previous year period. The Marketplace segment contributed a
particularly strong 83.7% YoY growth in IFRS Revenues. The top-line
development was due to both decent organic growth driven by an early Easter
as well as the first-time consolidation of the recent acquisitions closed in
January 2024.

Within the Marketplace segment, the Booking (Onsite) business especially
experienced stellar growth in Q1/24, more than tripling its IFRS Revenues
compared to the previous year period from EUR3.7M to EUR12.5M (241.2% YoY). The
Advertising business - comprising the former CPA Offsite and CPC business -
grew its IFRS Revenues by 27.6% YoY, benefiting from the continued strength
and commercials in the North American market.

HomeToGo_PRO showed a continued strong growth momentum, increasing its IFRS
Revenues to EUR11.6M (35.3% YoY) and now accounting for 32% of the Group's
total IFRS Revenues. Both the Subscription as well as Volume-based business
activities contributed strongly to this growth with 24.1% and 47.9% YoY,
respectively.

HomeToGo's underlying profitability improved with Q1/24 Adjusted EBITDA
coming in at EUR(21.2)M (15% YoY, a EUR3.6M improvement), fully in line with
HomeToGo's typical seasonal pattern. This is equivalent to an Adjusted
EBITDA margin of (58.3)%, a substantial improvement of +55.1pp YoY (vs.
EUR(24.8)M in Q1/23). This largely stems from a significantly higher marketing
efficiency with a notable +40.9pp YoY improvement in the marketing and sales
cost ratio (3) (114.0% vs. 154.9% in Q1/23) as well as overall strong cost
discipline.

On a segment level, the Adjusted EBITDA for the Marketplace segment improved
by 5.0% YoY to EUR(22.5)M whereas HomeToGo_PRO achieved a swing into
profitability on a yearly comparison and delivered EUR1.1M in Adjusted EBITDA
in Q1/24. While the Marketplace is heavily driven by a seasonal pattern -
whereas the IFRS Revenues recognition peaks in the summer months and the
marketing expenses in the winter/spring months - the Adjusted EBITDA of the
HomeToGo_PRO segment remains relatively steady throughout the year.

Q1 2024 Results: Q1 Quarterly Statement, Earnings Call, and Presentation
Dr. Patrick Andreae, Co-Founder & CEO, and Steffen Schneider, CFO, will
present the financial results for Q1/24 in a webcast and conference call
today at 10:00 am CEST, followed by a Q&A session for research analysts and
investors.

The presentation will be held via a live audio webcast, and will be in
English, hosted at https://www.webcast-eqs.com/login/hometogo-2024-q1

Interested participants can register in advance for the conference call -
with the opportunity to take part in the Q&A session - at the following
address:
https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=7413692&linkSecurityString=10036affcc

HomeToGo's Q1 Quarterly Statement is available on the HomeToGo Investor
Relations website at ir.hometogo.de.

The earnings presentation for analysts and investors will be made available
shortly before the call starts at 10:00 am CEST and is also available at
ir.hometogo.de.

       HomeToGo Q1/24 Results
     Marketplace Segment              Q1/24              vs. Q1/23
                                               relative / absolute
     Booking Revenues                EUR64.2M        26.0% / +EUR13.2M
     Booking (Onsite)                EUR38.9M        39.3% / +EUR11.0M
     Advertising                     EUR25.3M          9.9% / +EUR2.3M
     IFRS Revenues                   EUR25.6M        83.7% / +EUR11.7M
     Booking (Onsite)                EUR12.5M         >100% / +EUR8.9M
     Advertising                     EUR13.1M         27.6% / +EUR2.8M
     Adjusted EBITDA               EUR(22.5)M          5.0% / +EUR1.2M
     Adjusted EBITDA margin         (87.7)%                +82.0pp
     Onsite Take Rate                 12.8%                 +1.7pp

     HomeToGo_PRO Segment             Q1/24              vs. Q1/23
                                               relative / absolute
     Booking Revenues                EUR22.8M         29.5% / +EUR5.2M
     Subscription                     EUR5.7M         24.7% / +EUR1.1M
     Volume-based                    EUR17.1M         31.2% / +EUR4.1M
     IFRS Revenues                   EUR11.6M         35.3% / +EUR3.0M
     Subscription                     EUR5.6M         24.1% / +EUR1.1M
     Volume-based                     EUR6.0M         47.9% / +EUR1.9M
     Adjusted EBITDA                  EUR1.1M           n.m. / +2.3M
     Adjusted EBITDA margin            9.8%                +23.0pp

     HomeToGo Group                   Q1/24              vs. Q1/23
                                               relative / absolute
     Booking Revenues                EUR83.4M        27.7% / +EUR18.1M
     Intercompany Consolidation     EUR(3.6)M      (11.2)% / EUR(0.4)M
     IFRS Revenues                   EUR36.4M        66.4% / +EUR14.5M
     Intercompany Consolidation     EUR(0.8)M      (29.6)% / EUR(0.2)M
     Adjusted EBITDA               EUR(21.2)M         14.5% / +EUR3.6M
     Adjusted EBITDA margin         (58.3)%                +55.1pp
     Free Cash Flow                EUR(22.4)M      (11.3)% / EUR(2.3)M
     Booking Revenues Backlog        EUR76.6M         10.3% / +EUR7.1M

About HomeToGo

HomeToGo was founded in 2014 with a vision to make incredible homes easily
accessible to everyone. HomeToGo has since grown to become the SaaS-enabled
marketplace with the world's largest selection of vacation rentals.

With 15M+ offers across thousands of trusted partners globally, HomeToGo's
AI-powered B2C Marketplace expertly matches supply and demand to connect
travelers with the perfect vacation rental for any trip around the world. As
the go_to destination for vacation rentals, the HomeToGo Marketplace offers
the world's largest vacation rental selection combined with an end-to-end
convenient, trusted, and intuitive product experience.

HomeToGo_PRO, the Company's B2B business segment, offers innovative Software
& Service Solutions including Subscriptions for the whole travel market with
a special focus on SaaS for the supply-side of vacation rentals.

While HomeToGo SE's registered office is located in Luxembourg, HomeToGo
GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps
and websites in 25 countries.

HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker
"HTG".

For more information visit: www.hometogo.com/about

Media Contact
Caroline Burns
press@hometogo.com

Investor Relations Contact
Sebastian Grabert, CFA
+49 157 501 63731
IR@hometogo.com

Forward-Looking Statements

Certain statements contained in this release may constitute "forward-looking
statements" that involve a number of risks and uncertainties.
Forward-looking statements are generally identifiable by the use of the
words "may", "will", "should", "plan", "expect", "anticipate", "estimate",
"believe", "intend", "project", "goal" or "target" or the negative of these
words or other variations on these words or comparable terminology.
Forward-looking statements are based on assumptions, forecasts, estimates,
projections, opinions, or plans that are inherently subject to significant
risks, as well as uncertainties and contingencies that are subject to
change. No representation is made or will be made by HomeToGo SE that any
forward-looking statement will be achieved or will prove to be correct. The
actual future business, financial position, results of operations, and
prospects may differ materially from those projected or forecast in the
forward-looking statements. Neither HomeToGo SE nor any of their respective
affiliates assume any obligation to update, and do not expect to publicly
update, or publicly revise, any forward-looking statements or other
information contained in this release, whether as a result of new
information, future events or otherwise, except as otherwise required by
law.

Use of Non-IFRS Performance Measures

This release includes certain financial measures not presented in accordance
with IFRS, which may exclude items that are significant in understanding and
assessing the Company's financial results. These measures should not be
considered in isolation or as an alternative to measures of profitability,
liquidity or performance under IFRS. Regarding the alternative performance
measures Adjusted EBITDA, Booking Revenues, Free Cash Flow, and Onsite Take
Rate, the Company refers to the corresponding definitions published on its
IR website under IR resources ( http://ir.hometogo.de/).

(1) Booking Revenues before cancellation generated until 31 March 2024 with
IFRS Revenues recognition based on check-in date in FY 2024.

(2)Free Cash Flow is defined as net cash used in operating activities added
by net interest result and deducted by capital expenditures defined as net
investment into PPE as well as into intangibles and internally-generated
intangible assets.

(3)Adjusted for expenses for share-based compensation, depreciation,
amortization and one-off items in relation to IFRS Revenues.


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13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        HomeToGo SE
                   9 rue de Bitbourg
                   L-1273 Luxembourg
                   Luxemburg
   E-mail:         ir@hometogo.com
   Internet:       ir.hometogo.de
   ISIN:           LU2290523658, LU2290524383
   WKN:            A2QM3K , A3GPQR
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange;
                   Luxembourg Stock Exchange
   EQS News ID:    1901901

End of News EQS News Service
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1901901 13.05.2024 CET/CEST