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MeinAuto Group AG, DE000MAG0008

MeinAuto Group AG, DE000MAG0008

06.10.2021 - 08:03:43

MeinAuto Group successfully completes debt refinancing to support growth

grew by 21% to ?118.5 million (H1 2020: ?97.9 million) and adjusted EBITDA[2] grew by 28.5% to ?18.5 million (H1 2020: ?14.4 million). During the same period, the Group's B2C segment grew by 29.5%, generating adjusted revenues of ?69.8 million (H1 2020: ?53.9 million), while the Group's B2B segment grew by 10.7% to ?48.7 million (H1 2020: ?44.0) million.

With the strong performance of its B2C segment, the Group has continued to outgrow the German new car market. Even as new car registrations in Germany decreased by 19%[3] from 2019 to 2020 due to Covid-19 related effects, B2C subscription orders on MeinAuto.de increased by 40%.

Bank of America Europe DAC acted as lead arranger and bookrunner for the transaction.

About MeinAuto Group

MeinAuto Group is the leading online platform for digital new car sales in Germany. In a market where customers are increasingly looking online for usership rather than ownership solutions, the MeinAuto Group brands offer a fully digital, affordable, and transparent monthly subscription for new vehicles and comprehensive services for all relevant brands and models in the German market. MeinAuto Group is headquartered in Oberhaching near Munich, employs around 380 people and achieved revenues of more than ?200 million in 2020. For more information please visit www.meinauto-group.com.

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Media contact Christoph Erhard Kekst CNC Phone: +49 173 530 9425 Email: Christoph.Erhard@kekstcnc.com

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[1] Adjusted Revenue means revenue of our reportable segments less (i) revenue from sales of previously subscribed vehicles, plus (ii) costs of sale in relation to direct vehicle sales and (iii) income from release of vehicle related provisions.[2] Adjusted EBITDA means net loss before interest, taxes, depreciation and amortization adjusted to include costs directly related to the subscribed vehicles, especially interest expenses for the financing of the vehicles and depreciation of the vehicles and excludes group refinancing structuring cost, legal and consulting fees related to non-ordinary course of business, structuring-/transaction costs, cost for the realignment of sales and business processes and other non-recurring adjustments, which management does not believe reflect the regular operating performance of MeinAuto Group's core business.[3] "MeinAuto Group commercial study", February 2021, Roland Berger

06.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: MeinAuto Group AG Gr?nwalder Weg 34 82041 Oberhaching

Germany Phone: 089-63266120 E-mail: info@meinAuto-group.de Internet: https://www.meinauto.de/ ISIN: DE000MAG0008 WKN: MAG000 Listed: Regulated Market in Frankfurt (Prime Standard) EQS News ID: 1238543 Notierung vorgesehen / intended to be listed ? End of News DGAP News Service

1238543??06.10.2021?

@ dgap.de