SlideShare a Scribd company logo
XING Q3’2012
results presentation

November 8, 2012
Q3 summary


     Solid financial performance


     Continuing good member growth in D-A-CH


     Successful launch of new products & features
         XING Talentmanager (XTM)
         Promerit Co-operation (XING to be integrated in SAP HR systems)
         AdCreator (Self booking advertising tool) for Events
         File attachments (up to 100 MB) to messages (New Premium feature)


     Burda has annouced takeover bid at €44 on October 26
       Burda intends to keep XING as a separately listed entity



                                                                              3
Solid financial performance


      Revenues                   EBITDA             Free Cashflow


             18.3
    16.6




                                5.4       5.5
                                                    3.4       3.3


  Q3 2011   Q3 2012           Q3 2011   Q3 2012   Q3 2011   Q3 2012


                                                                      4
‘Verticals’ performance

Revenues from “verticals” in €m &
in % of total revenues                                           Commercial launch of
                                                                 “Talentmanager” (XTM)
                                     Yoy growth   e-Recruiting   Co-operation with Promerit
                                                                 (SAP HR integration)
                             6.00      +21%                      Job section available on iPhone

        4.96                 0.95       +32%
                                                                 Display ads: Soft market environment
         0.72                1.36       +16%                     Launch of “AdCreator”
         1.17                                     Advertising    First use case: promote events
                                                                 Lower display ad performance given
                                                                 ongoing change of ad sales house

                             3.69       +21%
         3.05
                                                                 €13.2m ticket sales
                                                    Events       Founders left amiando
       Q3 2011             Q3 2012                               New Management in place
         30%                 33%


                                                                                                        5
Continuing good member growth in D-A-CH


        Net member adds (D-A-CH):
        in thousands




                                                                                       196      5.91      +16% yoy
                                                                            203
                                                                   233
                                                           185
                                                  208
                              215        197
                       4.47




                                      Traffic KPIs:
                                      Visits D-A-CH Sep 2012 vs. Sep 2011: +36%*
                                      Visits mobile Sep 2012: ~30% / total traffic




                       2010   Q1'11      Q2'11    Q3'11    Q4'11    Q1'12   Q2 2012   Q3 2012   Q3'2012



*   Source: Comscore                                                                                                 6
Development of subscriber base

      Gross subscriber adds (D-A-CH)              Subscriber base
      in thousands                                in thousands

                                                                                 25   795
                                                              767 770
                                                  751 758 765



                           43
          39
                     37
                                   35
                                           33




        Q3'11   Q4'11     Q1'12   Q2'12   Q3'12   Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Intl. Total




       Recent improvements to Premium Membership:
        Up to 100MB attachments to messages for premium members (incl.1GB storage)
        Recruiter & Sales Membership no longer available (Since launch of XTM)
                                                                                              7
Launch of XING Talentmanager (XTM)
  Ongoing shift towards „active sourcing“
   German companies pursuing active sourcing

         2010                      2011                     2012                                             Facts
                                                           24%                                                  >100 B2B clients in beta test
                                   18%                                                                          Launch Sep 27th
                                                                                                                Target group: Current RM-clients
          11%                                                                                                   Avg. seats per client: 2



   Source: Figures for Germany: ICR Recruiting Report 2012, 500+ Participants                                 Which social media sites are best for
   stating “Trifft immer zu” bei „Wir suchen zusätzlich zur Anzeigenschaltung
   (Print oder Online) proaktiv (z.B. in Xing, LinkedIn, Facebook oder mit Hilfe
   von Google) nach potentiellen Kandidaten“;
                                                                                                                  finding top talent purposes
                                                                                                              42



                                                                                   €249 per seat/month


                                                                                                                           8
                                                                                                                                       3            3           1
TALENTMANAGER                                                                                               XING Facebook Twitter LinkedIn                    Other
“The long-term corporate                                                                                 Source: Forsa survey among 201 HR decision makers ,September 2012

recruiting solution”
                                                                                                                                                                             8
Launch of Co-operation with Promerit
Publishing job ads through SAP into XING & receive applications with XING-profile


  Place job ad




   Application                               Job search


                                                  Facts
                                                    Revenue share
                                                    Promerit to sell software updates
                                                     with XING integration to existing &
                                                     new clients
                                                    Implementation ongoing (API)

                                                                                           9
Burda launching takeover bid on October 26th
                                        Official Press Statement by Burda:
Facts
 Burda acquired additional stake of
  9.5% at price of 40.44€ per share
  on Oct 25th, 2012
 Due to legal obligations, Burda
  has to submit mandatory offer
  (“Pflichtangebot”) to remaining
  shareholders.     According    to
  announcement, offer price will be
  44€ per share.

Status Quo & next steps
 Offer document has to be
  published by Burda (within four
  weeks after initial announcement)
 XING to publish official statement
  (“Begründete Stellungnahme”) in
  accordance        with        legal
  requirements after offer document
  has been published and carefully
  reviewed by XING
 We continue our proactive capital
  market communication!


                                                                             10
Financial summary


      Continued phase of investments in future growth


      Revenues of €18.3m; up 11% yoy



      EBITDA of €5.5m w/ 30% margin


      Q4 will be impacted by €1.5-2.0m xo,
      non-operating charges due to Burda takeover bid




                                                        11
Q3’12 P&L: €18.3m revenues, €5.5m EBITDA, 30% margin

                                         Q3’12    Q2’12        Q3’12    Q3’11        Q3’12
                                                           vs. Q2’12             vs. Q3’11
                                          Abs.      Abs.                  Abs.

  Total revenue1                          18.3     18.2           1%     16.6          11%


  Costs                                  (12.8)   (13.1)        (2%)    (11.2)        (14%)


  EBITDA                                   5.5      5.1           8%      5.4           3%


  Margin2                                 30%      28%         2 %pts    32%        (2%pts)


  Depreciation                            (2.1)    (2.1)        (2%)     (1.8)        (21%)


  Financial result                         0.1      0.1        (43%)      0.2         (70%)


  Taxes                                   (1.3)    (1.1)       (19%)     (1.2)         (2%)


  Net result                               2.2      2.1           7%      2.6         (15%)


  EPS in € (undiluted)                    0.40     0.38           5%     0.48         (17%)

  (1) Including other operating income
  (2) Of revenue




                                                                                              12
Continued growth of vertical revenues

          Core                                            Verticals
                                                          Verticals

 Subscription              e-Recruiting               Advertising                 New Verticals
 in €m                     in €m                      (incl. Company Profiles)    (Events)
                                                      in €m                       in €m



           +6%                       +21%                        +16%                        32%



                  12.1
   11.4




                                              3.7
                             3.1

                                                         1.2               1.4
                                                                                     0.7           1.0



 Q3'2011         Q3'2012   Q3'2011          Q3'2012   Q3'2011           Q3'2012   Q3'2011      Q3'2012


                                                                                                         13
Expenses overview


  Personnel                            Marketing                               Other expenses
  in €m                                in €m                                   in €m
  in % of total revenue                in % of total revenue                   in % of total revenue

                  30%                                   -23%                                    -5%



                   7.5     7.7


      5.9

                                                                                                 4.1        4.0
                                                                                    3.8
                   41%     42%
      36%

                                            1.5          1.5      1.2               23%          23%        22%
                                            9%            8%       6%


    Q3'11        Q2'12    Q3'12           Q3'11         Q2'12    Q3'12            Q3'11         Q2'12      Q3'12


      Fewer investments vs. previous      Online display & social media adv.        External services, legal, audit & consulting
      quarters                            Search engine marketing (SEM)             Payment processing, server hosting
      8 new FTEs in Q3                    Offline marketing expenditure             Rent & other costs
      100 new FTE’s yoy                   (conferences & events,                    Search Engine Optimization (SEO)
      Some severance payments             print, sponsoring)
                                          Affiliate marketing

                                                                                                                             14
Quarterly free cashflow €3.3m

                                    Q3’12    Q2’12        Q3’12   Q3’11        Q3’12
                                                      vs. Q2’12            vs. Q3’11
                                     Abs.     Abs.         Abs.    Abs.         Abs.

  EBITDA                              5.5      5.1          8%      5.4          3%

  Interest/tax/ESOP                  (0.9)    (0.8)         6%      0.1            -

   Net working capital                0.1     (0.4)           -    (0.8)           -

  Operating cashflow excl.
                                      4.7      3.9         22%      4.7          1%
  organizer cash
  Investment – operating             (1.6)    (2.3)        32%     (1.8)        25%

  Investment – acquisitions           0.0      0.0            -    (0.3)           -

  Financing incl.
                                      0.1      1.7        (94%)     0.7        (79%)
  transaction of own shares
  Dividend / Special distribution     0.0     (3.0)           -     3.4            -

  Free cashflow excl.
                                      3.3      0.3        944%      3.4         (1%)
  organizer cash

  Effects organizer cash              1.8     (0.3)           -     2.4        (25%)

  Free cashflow incl.
                                      5.2     (0.0)           -     5.8        (10%)
  organizer cash



                                                                                  15
Thank you
for your kind
attention!
                The professional network
                          www.xing.com
Backup
XING AG IR stats
Market cap: ~€240m / ~€51m cash / no debt
                                                    Consensus from
                                                    11 brokers       2012e      2013e        2014e                                 Average trading volume per day (XETRA)

                                                    Total revenues    73.7        82.0         89.6
               (Analyst estimates, November 2012)

                                                                                                                                        36,719
                                                    EBITDA            22.3        26.5         30.6                                           33,889
   Consensus


                                                    Margin           30%          32%          34%                                                                            27,677
                                                    Depreciation      -7.7        -7.8         -7.9                  24,294
                                                                                                                           22,230                                21,462                                         21,259
                                                    EBIT              14.5        18.7         22.7                                                        19,326
                                                                                                                                                                       17,362
                                                                     20%          23%          25%                                                                                                         15,437
                                                    Margin                                                                                                                          14,156
                                                                                                                                                                                          11,601
                                                    Net income        10.0        12.9         15.6
                                                                                                                                                                                                   6,216
                                                    EPS in €          1.87        2.40         2.92

                                                    DPS in €          0.63        0.74         0.84

                                                                                                                       Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 July 12 Aug-12 Sep-12 Oct-12




                                                                           Berenberg Bank, Commerzbank,                       Burda Digital GmbH                                2.130.779          38,89%
                                                                            Close Brothers, Deutsche Bank,
                                                                                                                              Ennismore                                           293.622           5,36%
       Analyst coverage                                                 DZ Bank, Hauck & Aufhäuser, HSBC,
                                                                                      JP Morgan Cazenove,                     Cyrte Investments                                   266.721           4,87%
                                                                                   MM Warburg, Montega
                                                                                                                              Treasury Shares                                      87.732           1,60%
       Shares                                                                                5,475,668                        Oliver Jung                                         216.215           3,95%
                                                                                                                              Whalerock Capital                                   179.423           3,27%
                                                                                                                              Schroders                                           293.622           5,36%
       TecDax ranking end of October 2012
                                                                                                                              Ruane, Cunniff & Goldfarb                           169.259           3,09%

       Market Cap.                                                                                    31                      Sonstige                                          1.841.518          33,61%

       Turnover                                                                                       22     Numbers based on last filing – actual shareholdings can differ


                                                                                                                                                                                                                    18
Investor Relations
Contact details & social media channels

                                                                         http://twitter.com/xing_ir




                                                                     http://www.slideshare.net/patmoeller




                                                                     http://www.youtube.com/XINGcom

 Patrick Moeller
 Director Investor Relations
 XING AG
 Gaensemarkt 43
 20354 Hamburg                                                            http://blog.xing.com
 Germany
 Tel.: +49 (0)40 419 131-793
 Fax.: +49 (0)40 419 131-44
 (Please use this number to submit “WpHG notifications”)
                                                                          skype:patrickmoeller?add
 Email.: patrick.moeller@xing.com
 IR Website: http://corporate.xing.com/english/investor-relations/




                                                                                                            19
XING AG Q3'2012 IR presentation

More Related Content

What's hot

Btg pactual ceo conference presentation
Btg pactual ceo conference presentationBtg pactual ceo conference presentation
Btg pactual ceo conference presentation
CSURIWEB
 
Nova apresentação eng
Nova apresentação engNova apresentação eng
Nova apresentação eng
Localiza
 
Roadshow presentation - March/09
Roadshow presentation - March/09Roadshow presentation - March/09
Roadshow presentation - March/09
Localiza
 
Groupon Case Study
Groupon Case StudyGroupon Case Study
Groupon Case Study
David Green
 
ConferêNciase Non Deal Roadshow Maio2008(InglêS)
ConferêNciase Non Deal Roadshow Maio2008(InglêS)ConferêNciase Non Deal Roadshow Maio2008(InglêS)
ConferêNciase Non Deal Roadshow Maio2008(InglêS)
Localiza
 
Apimecmg 1 Q06 Resultspresentation
Apimecmg 1 Q06 ResultspresentationApimecmg 1 Q06 Resultspresentation
Apimecmg 1 Q06 Resultspresentation
Localiza
 
Institutional presentation 2010
Institutional presentation 2010Institutional presentation 2010
Institutional presentation 2010
CSURIWEB
 
LinkedIn
LinkedInLinkedIn
LinkedIn
Naveen Garg
 
Conferencesand Non Deal Roadshow October2008
Conferencesand Non Deal Roadshow October2008Conferencesand Non Deal Roadshow October2008
Conferencesand Non Deal Roadshow October2008
Localiza
 
1 Q06 Analystand Investors Meeting
1 Q06 Analystand Investors Meeting1 Q06 Analystand Investors Meeting
1 Q06 Analystand Investors Meeting
Localiza
 
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
Gruppo TIM
 
Raddon Chart of the Day, December 1, 2011
Raddon Chart of the Day, December 1, 2011Raddon Chart of the Day, December 1, 2011
Raddon Chart of the Day, December 1, 2011
Raddon Financial Group
 
James B. Stake Executive Vice President, Display and Graphics Business
James B. Stake Executive Vice President, Display and Graphics BusinessJames B. Stake Executive Vice President, Display and Graphics Business
James B. Stake Executive Vice President, Display and Graphics Business
finance10
 
The value of participating in a network
The value of participating in a networkThe value of participating in a network
The value of participating in a network
Alfred Griffioen
 
1 H09 Eng Completa
1 H09 Eng Completa1 H09 Eng Completa
1 H09 Eng Completa
Localiza
 

What's hot (15)

Btg pactual ceo conference presentation
Btg pactual ceo conference presentationBtg pactual ceo conference presentation
Btg pactual ceo conference presentation
 
Nova apresentação eng
Nova apresentação engNova apresentação eng
Nova apresentação eng
 
Roadshow presentation - March/09
Roadshow presentation - March/09Roadshow presentation - March/09
Roadshow presentation - March/09
 
Groupon Case Study
Groupon Case StudyGroupon Case Study
Groupon Case Study
 
ConferêNciase Non Deal Roadshow Maio2008(InglêS)
ConferêNciase Non Deal Roadshow Maio2008(InglêS)ConferêNciase Non Deal Roadshow Maio2008(InglêS)
ConferêNciase Non Deal Roadshow Maio2008(InglêS)
 
Apimecmg 1 Q06 Resultspresentation
Apimecmg 1 Q06 ResultspresentationApimecmg 1 Q06 Resultspresentation
Apimecmg 1 Q06 Resultspresentation
 
Institutional presentation 2010
Institutional presentation 2010Institutional presentation 2010
Institutional presentation 2010
 
LinkedIn
LinkedInLinkedIn
LinkedIn
 
Conferencesand Non Deal Roadshow October2008
Conferencesand Non Deal Roadshow October2008Conferencesand Non Deal Roadshow October2008
Conferencesand Non Deal Roadshow October2008
 
1 Q06 Analystand Investors Meeting
1 Q06 Analystand Investors Meeting1 Q06 Analystand Investors Meeting
1 Q06 Analystand Investors Meeting
 
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...
 
Raddon Chart of the Day, December 1, 2011
Raddon Chart of the Day, December 1, 2011Raddon Chart of the Day, December 1, 2011
Raddon Chart of the Day, December 1, 2011
 
James B. Stake Executive Vice President, Display and Graphics Business
James B. Stake Executive Vice President, Display and Graphics BusinessJames B. Stake Executive Vice President, Display and Graphics Business
James B. Stake Executive Vice President, Display and Graphics Business
 
The value of participating in a network
The value of participating in a networkThe value of participating in a network
The value of participating in a network
 
1 H09 Eng Completa
1 H09 Eng Completa1 H09 Eng Completa
1 H09 Eng Completa
 

Similar to XING AG Q3'2012 IR presentation

XING AG FY2011 results presentation (prelim)
XING AG FY2011 results presentation (prelim)XING AG FY2011 results presentation (prelim)
XING AG FY2011 results presentation (prelim)
XING SE
 
XING AG Investor Presentation 03/2013
XING AG Investor Presentation 03/2013XING AG Investor Presentation 03/2013
XING AG Investor Presentation 03/2013
XING SE
 
XING AG Q1 2012 results presentation
XING AG Q1 2012 results presentationXING AG Q1 2012 results presentation
XING AG Q1 2012 results presentation
XING SE
 
21 - Xing Presentation Noah Conference 2011
21 - Xing Presentation Noah Conference 201121 - Xing Presentation Noah Conference 2011
21 - Xing Presentation Noah Conference 2011
NOAH Advisors
 
2009 Summit Presenation on enterprise applications, Analytics and KM
2009 Summit Presenation on enterprise applications, Analytics and KM2009 Summit Presenation on enterprise applications, Analytics and KM
2009 Summit Presenation on enterprise applications, Analytics and KM
Einat Shimoni
 
Staying Ahead of the Joneses: Retail Automation in 2010
Staying Ahead of the Joneses: Retail Automation in 2010Staying Ahead of the Joneses: Retail Automation in 2010
Staying Ahead of the Joneses: Retail Automation in 2010
VDC Research Group
 
Publi groupe 2010 results presentation e
Publi groupe 2010 results presentation ePubli groupe 2010 results presentation e
Publi groupe 2010 results presentation e
PubliGroupe
 
Pricing Analytics - Pricing Mobile Data, London 2012
Pricing Analytics - Pricing Mobile Data, London 2012Pricing Analytics - Pricing Mobile Data, London 2012
Pricing Analytics - Pricing Mobile Data, London 2012
cVidya Networks
 
IBM Connect Sofia 2013, Key Note, Robert Blatnik
IBM Connect Sofia 2013, Key Note, Robert BlatnikIBM Connect Sofia 2013, Key Note, Robert Blatnik
IBM Connect Sofia 2013, Key Note, Robert Blatnik
IBS Bulgaria
 
Case Study: Analytics at CMC Markets: from measuring clicks to driving business
Case Study: Analytics at CMC Markets: from measuring clicks to driving businessCase Study: Analytics at CMC Markets: from measuring clicks to driving business
Case Study: Analytics at CMC Markets: from measuring clicks to driving business
John Sinke
 
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
Localiza
 
Deutsche Bank Roadshow 15th Annual Latin America Conference Citibank
Deutsche Bank Roadshow 15th Annual Latin America Conference CitibankDeutsche Bank Roadshow 15th Annual Latin America Conference Citibank
Deutsche Bank Roadshow 15th Annual Latin America Conference Citibank
Localiza
 
Leveraging Analytics to achieve your Customer Experience Objectives
Leveraging Analytics to achieve your Customer Experience ObjectivesLeveraging Analytics to achieve your Customer Experience Objectives
Leveraging Analytics to achieve your Customer Experience Objectives
Jj HanXue
 
Driving business-agility-with-business-process-management-slide
Driving business-agility-with-business-process-management-slideDriving business-agility-with-business-process-management-slide
Driving business-agility-with-business-process-management-slide
Aericon
 
Ht media
Ht mediaHt media
Ht media
Angel Broking
 
AZEC2012 - Social Business in the Enterprise
AZEC2012 - Social Business in the EnterpriseAZEC2012 - Social Business in the Enterprise
AZEC2012 - Social Business in the Enterprise
Rawn Shah
 
Balderton Marketing Event May 2012 Slide Deck
Balderton Marketing Event May 2012 Slide DeckBalderton Marketing Event May 2012 Slide Deck
Balderton Marketing Event May 2012 Slide Deck
Lucy Baker
 
More Than Just Buying Well - The Intelligent Way to Defend Profits
More Than Just Buying Well -  The Intelligent Way to Defend ProfitsMore Than Just Buying Well -  The Intelligent Way to Defend Profits
More Than Just Buying Well - The Intelligent Way to Defend Profits
SAP Ariba
 
IBM Smart Cloud
IBM Smart CloudIBM Smart Cloud
IBM Smart Cloud
Diana Emely
 
Trends in Tech Industry and Impact on F&A Outsourcing
Trends in Tech Industry and Impact on F&A OutsourcingTrends in Tech Industry and Impact on F&A Outsourcing
Trends in Tech Industry and Impact on F&A Outsourcing
ImranMasood
 

Similar to XING AG Q3'2012 IR presentation (20)

XING AG FY2011 results presentation (prelim)
XING AG FY2011 results presentation (prelim)XING AG FY2011 results presentation (prelim)
XING AG FY2011 results presentation (prelim)
 
XING AG Investor Presentation 03/2013
XING AG Investor Presentation 03/2013XING AG Investor Presentation 03/2013
XING AG Investor Presentation 03/2013
 
XING AG Q1 2012 results presentation
XING AG Q1 2012 results presentationXING AG Q1 2012 results presentation
XING AG Q1 2012 results presentation
 
21 - Xing Presentation Noah Conference 2011
21 - Xing Presentation Noah Conference 201121 - Xing Presentation Noah Conference 2011
21 - Xing Presentation Noah Conference 2011
 
2009 Summit Presenation on enterprise applications, Analytics and KM
2009 Summit Presenation on enterprise applications, Analytics and KM2009 Summit Presenation on enterprise applications, Analytics and KM
2009 Summit Presenation on enterprise applications, Analytics and KM
 
Staying Ahead of the Joneses: Retail Automation in 2010
Staying Ahead of the Joneses: Retail Automation in 2010Staying Ahead of the Joneses: Retail Automation in 2010
Staying Ahead of the Joneses: Retail Automation in 2010
 
Publi groupe 2010 results presentation e
Publi groupe 2010 results presentation ePubli groupe 2010 results presentation e
Publi groupe 2010 results presentation e
 
Pricing Analytics - Pricing Mobile Data, London 2012
Pricing Analytics - Pricing Mobile Data, London 2012Pricing Analytics - Pricing Mobile Data, London 2012
Pricing Analytics - Pricing Mobile Data, London 2012
 
IBM Connect Sofia 2013, Key Note, Robert Blatnik
IBM Connect Sofia 2013, Key Note, Robert BlatnikIBM Connect Sofia 2013, Key Note, Robert Blatnik
IBM Connect Sofia 2013, Key Note, Robert Blatnik
 
Case Study: Analytics at CMC Markets: from measuring clicks to driving business
Case Study: Analytics at CMC Markets: from measuring clicks to driving businessCase Study: Analytics at CMC Markets: from measuring clicks to driving business
Case Study: Analytics at CMC Markets: from measuring clicks to driving business
 
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)
 
Deutsche Bank Roadshow 15th Annual Latin America Conference Citibank
Deutsche Bank Roadshow 15th Annual Latin America Conference CitibankDeutsche Bank Roadshow 15th Annual Latin America Conference Citibank
Deutsche Bank Roadshow 15th Annual Latin America Conference Citibank
 
Leveraging Analytics to achieve your Customer Experience Objectives
Leveraging Analytics to achieve your Customer Experience ObjectivesLeveraging Analytics to achieve your Customer Experience Objectives
Leveraging Analytics to achieve your Customer Experience Objectives
 
Driving business-agility-with-business-process-management-slide
Driving business-agility-with-business-process-management-slideDriving business-agility-with-business-process-management-slide
Driving business-agility-with-business-process-management-slide
 
Ht media
Ht mediaHt media
Ht media
 
AZEC2012 - Social Business in the Enterprise
AZEC2012 - Social Business in the EnterpriseAZEC2012 - Social Business in the Enterprise
AZEC2012 - Social Business in the Enterprise
 
Balderton Marketing Event May 2012 Slide Deck
Balderton Marketing Event May 2012 Slide DeckBalderton Marketing Event May 2012 Slide Deck
Balderton Marketing Event May 2012 Slide Deck
 
More Than Just Buying Well - The Intelligent Way to Defend Profits
More Than Just Buying Well -  The Intelligent Way to Defend ProfitsMore Than Just Buying Well -  The Intelligent Way to Defend Profits
More Than Just Buying Well - The Intelligent Way to Defend Profits
 
IBM Smart Cloud
IBM Smart CloudIBM Smart Cloud
IBM Smart Cloud
 
Trends in Tech Industry and Impact on F&A Outsourcing
Trends in Tech Industry and Impact on F&A OutsourcingTrends in Tech Industry and Impact on F&A Outsourcing
Trends in Tech Industry and Impact on F&A Outsourcing
 

More from XING SE

XING SE Annual Report 2017
XING SE Annual Report 2017XING SE Annual Report 2017
XING SE Annual Report 2017
XING SE
 
XING SE Q2 2018 results
XING SE Q2 2018 resultsXING SE Q2 2018 results
XING SE Q2 2018 results
XING SE
 
Xing ag results_9_m_2014
Xing ag results_9_m_2014Xing ag results_9_m_2014
Xing ag results_9_m_2014
XING SE
 
Xing ag ergebnisse_9_m_2014
Xing ag ergebnisse_9_m_2014Xing ag ergebnisse_9_m_2014
Xing ag ergebnisse_9_m_2014
XING SE
 
XING AG Preliminary Results 2013
XING AG Preliminary Results 2013XING AG Preliminary Results 2013
XING AG Preliminary Results 2013
XING SE
 
XING AG Q3/2013 conference call presentation
XING AG Q3/2013 conference call presentationXING AG Q3/2013 conference call presentation
XING AG Q3/2013 conference call presentation
XING SE
 
XING AG interim report Q3/2013
XING AG interim report Q3/2013XING AG interim report Q3/2013
XING AG interim report Q3/2013XING SE
 
XING AG Zwischenbericht Q3/2013
XING AG Zwischenbericht Q3/2013XING AG Zwischenbericht Q3/2013
XING AG Zwischenbericht Q3/2013XING SE
 
XING AG Q2 report 2013 - English
XING AG Q2 report 2013 - EnglishXING AG Q2 report 2013 - English
XING AG Q2 report 2013 - English
XING SE
 
XING AG Q2 report 2013 - German
XING AG Q2 report 2013 - GermanXING AG Q2 report 2013 - German
XING AG Q2 report 2013 - GermanXING SE
 
XING AG investor presentation May/June 2013
XING AG investor presentation May/June 2013XING AG investor presentation May/June 2013
XING AG investor presentation May/June 2013
XING SE
 
XING AG Hauptversammlung 24. Mai 2013
XING AG Hauptversammlung 24. Mai 2013XING AG Hauptversammlung 24. Mai 2013
XING AG Hauptversammlung 24. Mai 2013
XING SE
 
XING Q3 report 2012 english version
XING Q3 report 2012 english versionXING Q3 report 2012 english version
XING Q3 report 2012 english version
XING SE
 
XING Q3 Report 2012
XING Q3 Report 2012XING Q3 Report 2012
XING Q3 Report 2012XING SE
 
XING AG half year report 2012
XING AG half year report 2012XING AG half year report 2012
XING AG half year report 2012
XING SE
 
XING AG Halbjahresbericht 2012
XING AG Halbjahresbericht 2012XING AG Halbjahresbericht 2012
XING AG Halbjahresbericht 2012XING SE
 
XING Hauptversammlung 14.Juni 2012
XING Hauptversammlung 14.Juni 2012XING Hauptversammlung 14.Juni 2012
XING Hauptversammlung 14.Juni 2012XING SE
 

More from XING SE (17)

XING SE Annual Report 2017
XING SE Annual Report 2017XING SE Annual Report 2017
XING SE Annual Report 2017
 
XING SE Q2 2018 results
XING SE Q2 2018 resultsXING SE Q2 2018 results
XING SE Q2 2018 results
 
Xing ag results_9_m_2014
Xing ag results_9_m_2014Xing ag results_9_m_2014
Xing ag results_9_m_2014
 
Xing ag ergebnisse_9_m_2014
Xing ag ergebnisse_9_m_2014Xing ag ergebnisse_9_m_2014
Xing ag ergebnisse_9_m_2014
 
XING AG Preliminary Results 2013
XING AG Preliminary Results 2013XING AG Preliminary Results 2013
XING AG Preliminary Results 2013
 
XING AG Q3/2013 conference call presentation
XING AG Q3/2013 conference call presentationXING AG Q3/2013 conference call presentation
XING AG Q3/2013 conference call presentation
 
XING AG interim report Q3/2013
XING AG interim report Q3/2013XING AG interim report Q3/2013
XING AG interim report Q3/2013
 
XING AG Zwischenbericht Q3/2013
XING AG Zwischenbericht Q3/2013XING AG Zwischenbericht Q3/2013
XING AG Zwischenbericht Q3/2013
 
XING AG Q2 report 2013 - English
XING AG Q2 report 2013 - EnglishXING AG Q2 report 2013 - English
XING AG Q2 report 2013 - English
 
XING AG Q2 report 2013 - German
XING AG Q2 report 2013 - GermanXING AG Q2 report 2013 - German
XING AG Q2 report 2013 - German
 
XING AG investor presentation May/June 2013
XING AG investor presentation May/June 2013XING AG investor presentation May/June 2013
XING AG investor presentation May/June 2013
 
XING AG Hauptversammlung 24. Mai 2013
XING AG Hauptversammlung 24. Mai 2013XING AG Hauptversammlung 24. Mai 2013
XING AG Hauptversammlung 24. Mai 2013
 
XING Q3 report 2012 english version
XING Q3 report 2012 english versionXING Q3 report 2012 english version
XING Q3 report 2012 english version
 
XING Q3 Report 2012
XING Q3 Report 2012XING Q3 Report 2012
XING Q3 Report 2012
 
XING AG half year report 2012
XING AG half year report 2012XING AG half year report 2012
XING AG half year report 2012
 
XING AG Halbjahresbericht 2012
XING AG Halbjahresbericht 2012XING AG Halbjahresbericht 2012
XING AG Halbjahresbericht 2012
 
XING Hauptversammlung 14.Juni 2012
XING Hauptversammlung 14.Juni 2012XING Hauptversammlung 14.Juni 2012
XING Hauptversammlung 14.Juni 2012
 

Recently uploaded

ppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.pptppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.ppt
TestOrg1
 
Osisko Development - Investor Presentation - June 24
Osisko Development - Investor Presentation - June 24Osisko Development - Investor Presentation - June 24
Osisko Development - Investor Presentation - June 24
Philip Rabenok
 
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
ybout
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
Probe Gold
 
Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024
Methanex Corporation
 
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptxUnderstanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
cosmo-soil
 
Cleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is BlueCleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is Blue
Cleades Robinson
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
CollectiveMining1
 
Cyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdfCyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdf
CyberAgent, Inc.
 
2024-deutsche-bank-global-consumer-conference.pdf
2024-deutsche-bank-global-consumer-conference.pdf2024-deutsche-bank-global-consumer-conference.pdf
2024-deutsche-bank-global-consumer-conference.pdf
Sysco_Investors
 
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESMUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
WilliamRodrigues148
 
Mandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPTMandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPT
MandalayResources
 
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
f3wjr2q2
 
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
SOFTTECHHUB
 

Recently uploaded (14)

ppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.pptppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.ppt
 
Osisko Development - Investor Presentation - June 24
Osisko Development - Investor Presentation - June 24Osisko Development - Investor Presentation - June 24
Osisko Development - Investor Presentation - June 24
 
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
一比一原版(UW毕业证)华盛顿大学毕业证成绩单专业办理
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
 
Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024
 
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptxUnderstanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
 
Cleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is BlueCleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is Blue
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
 
Cyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdfCyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdf
 
2024-deutsche-bank-global-consumer-conference.pdf
2024-deutsche-bank-global-consumer-conference.pdf2024-deutsche-bank-global-consumer-conference.pdf
2024-deutsche-bank-global-consumer-conference.pdf
 
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESMUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUES
 
Mandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPTMandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPT
 
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
 
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
 

XING AG Q3'2012 IR presentation

  • 2. Q3 summary Solid financial performance Continuing good member growth in D-A-CH Successful launch of new products & features  XING Talentmanager (XTM)  Promerit Co-operation (XING to be integrated in SAP HR systems)  AdCreator (Self booking advertising tool) for Events  File attachments (up to 100 MB) to messages (New Premium feature) Burda has annouced takeover bid at €44 on October 26  Burda intends to keep XING as a separately listed entity 3
  • 3. Solid financial performance Revenues EBITDA Free Cashflow 18.3 16.6 5.4 5.5 3.4 3.3 Q3 2011 Q3 2012 Q3 2011 Q3 2012 Q3 2011 Q3 2012 4
  • 4. ‘Verticals’ performance Revenues from “verticals” in €m & in % of total revenues Commercial launch of “Talentmanager” (XTM) Yoy growth e-Recruiting Co-operation with Promerit (SAP HR integration) 6.00 +21% Job section available on iPhone 4.96 0.95 +32% Display ads: Soft market environment 0.72 1.36 +16% Launch of “AdCreator” 1.17 Advertising First use case: promote events Lower display ad performance given ongoing change of ad sales house 3.69 +21% 3.05 €13.2m ticket sales Events Founders left amiando Q3 2011 Q3 2012 New Management in place 30% 33% 5
  • 5. Continuing good member growth in D-A-CH Net member adds (D-A-CH): in thousands 196 5.91 +16% yoy 203 233 185 208 215 197 4.47 Traffic KPIs: Visits D-A-CH Sep 2012 vs. Sep 2011: +36%* Visits mobile Sep 2012: ~30% / total traffic 2010 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2 2012 Q3 2012 Q3'2012 * Source: Comscore 6
  • 6. Development of subscriber base Gross subscriber adds (D-A-CH) Subscriber base in thousands in thousands 25 795 767 770 751 758 765 43 39 37 35 33 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Intl. Total Recent improvements to Premium Membership:  Up to 100MB attachments to messages for premium members (incl.1GB storage)  Recruiter & Sales Membership no longer available (Since launch of XTM) 7
  • 7. Launch of XING Talentmanager (XTM) Ongoing shift towards „active sourcing“ German companies pursuing active sourcing 2010 2011 2012 Facts 24%  >100 B2B clients in beta test 18%  Launch Sep 27th  Target group: Current RM-clients 11%  Avg. seats per client: 2 Source: Figures for Germany: ICR Recruiting Report 2012, 500+ Participants Which social media sites are best for stating “Trifft immer zu” bei „Wir suchen zusätzlich zur Anzeigenschaltung (Print oder Online) proaktiv (z.B. in Xing, LinkedIn, Facebook oder mit Hilfe von Google) nach potentiellen Kandidaten“; finding top talent purposes 42 €249 per seat/month 8 3 3 1 TALENTMANAGER XING Facebook Twitter LinkedIn Other “The long-term corporate Source: Forsa survey among 201 HR decision makers ,September 2012 recruiting solution” 8
  • 8. Launch of Co-operation with Promerit Publishing job ads through SAP into XING & receive applications with XING-profile Place job ad Application Job search Facts  Revenue share  Promerit to sell software updates with XING integration to existing & new clients  Implementation ongoing (API) 9
  • 9. Burda launching takeover bid on October 26th Official Press Statement by Burda: Facts  Burda acquired additional stake of 9.5% at price of 40.44€ per share on Oct 25th, 2012  Due to legal obligations, Burda has to submit mandatory offer (“Pflichtangebot”) to remaining shareholders. According to announcement, offer price will be 44€ per share. Status Quo & next steps  Offer document has to be published by Burda (within four weeks after initial announcement)  XING to publish official statement (“Begründete Stellungnahme”) in accordance with legal requirements after offer document has been published and carefully reviewed by XING  We continue our proactive capital market communication! 10
  • 10. Financial summary Continued phase of investments in future growth Revenues of €18.3m; up 11% yoy EBITDA of €5.5m w/ 30% margin Q4 will be impacted by €1.5-2.0m xo, non-operating charges due to Burda takeover bid 11
  • 11. Q3’12 P&L: €18.3m revenues, €5.5m EBITDA, 30% margin Q3’12 Q2’12 Q3’12 Q3’11 Q3’12 vs. Q2’12 vs. Q3’11 Abs. Abs. Abs. Total revenue1 18.3 18.2 1% 16.6 11% Costs (12.8) (13.1) (2%) (11.2) (14%) EBITDA 5.5 5.1 8% 5.4 3% Margin2 30% 28% 2 %pts 32% (2%pts) Depreciation (2.1) (2.1) (2%) (1.8) (21%) Financial result 0.1 0.1 (43%) 0.2 (70%) Taxes (1.3) (1.1) (19%) (1.2) (2%) Net result 2.2 2.1 7% 2.6 (15%) EPS in € (undiluted) 0.40 0.38 5% 0.48 (17%) (1) Including other operating income (2) Of revenue 12
  • 12. Continued growth of vertical revenues Core Verticals Verticals Subscription e-Recruiting Advertising New Verticals in €m in €m (incl. Company Profiles) (Events) in €m in €m +6% +21% +16% 32% 12.1 11.4 3.7 3.1 1.2 1.4 0.7 1.0 Q3'2011 Q3'2012 Q3'2011 Q3'2012 Q3'2011 Q3'2012 Q3'2011 Q3'2012 13
  • 13. Expenses overview Personnel Marketing Other expenses in €m in €m in €m in % of total revenue in % of total revenue in % of total revenue 30% -23% -5% 7.5 7.7 5.9 4.1 4.0 3.8 41% 42% 36% 1.5 1.5 1.2 23% 23% 22% 9% 8% 6% Q3'11 Q2'12 Q3'12 Q3'11 Q2'12 Q3'12 Q3'11 Q2'12 Q3'12 Fewer investments vs. previous Online display & social media adv. External services, legal, audit & consulting quarters Search engine marketing (SEM) Payment processing, server hosting 8 new FTEs in Q3 Offline marketing expenditure Rent & other costs 100 new FTE’s yoy (conferences & events, Search Engine Optimization (SEO) Some severance payments print, sponsoring) Affiliate marketing 14
  • 14. Quarterly free cashflow €3.3m Q3’12 Q2’12 Q3’12 Q3’11 Q3’12 vs. Q2’12 vs. Q3’11 Abs. Abs. Abs. Abs. Abs. EBITDA 5.5 5.1 8% 5.4 3% Interest/tax/ESOP (0.9) (0.8) 6% 0.1 - Net working capital 0.1 (0.4) - (0.8) - Operating cashflow excl. 4.7 3.9 22% 4.7 1% organizer cash Investment – operating (1.6) (2.3) 32% (1.8) 25% Investment – acquisitions 0.0 0.0 - (0.3) - Financing incl. 0.1 1.7 (94%) 0.7 (79%) transaction of own shares Dividend / Special distribution 0.0 (3.0) - 3.4 - Free cashflow excl. 3.3 0.3 944% 3.4 (1%) organizer cash Effects organizer cash 1.8 (0.3) - 2.4 (25%) Free cashflow incl. 5.2 (0.0) - 5.8 (10%) organizer cash 15
  • 15. Thank you for your kind attention! The professional network www.xing.com
  • 17. XING AG IR stats Market cap: ~€240m / ~€51m cash / no debt Consensus from 11 brokers 2012e 2013e 2014e Average trading volume per day (XETRA) Total revenues 73.7 82.0 89.6 (Analyst estimates, November 2012) 36,719 EBITDA 22.3 26.5 30.6 33,889 Consensus Margin 30% 32% 34% 27,677 Depreciation -7.7 -7.8 -7.9 24,294 22,230 21,462 21,259 EBIT 14.5 18.7 22.7 19,326 17,362 20% 23% 25% 15,437 Margin 14,156 11,601 Net income 10.0 12.9 15.6 6,216 EPS in € 1.87 2.40 2.92 DPS in € 0.63 0.74 0.84 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 July 12 Aug-12 Sep-12 Oct-12 Berenberg Bank, Commerzbank, Burda Digital GmbH 2.130.779 38,89% Close Brothers, Deutsche Bank, Ennismore 293.622 5,36% Analyst coverage DZ Bank, Hauck & Aufhäuser, HSBC, JP Morgan Cazenove, Cyrte Investments 266.721 4,87% MM Warburg, Montega Treasury Shares 87.732 1,60% Shares 5,475,668 Oliver Jung 216.215 3,95% Whalerock Capital 179.423 3,27% Schroders 293.622 5,36% TecDax ranking end of October 2012 Ruane, Cunniff & Goldfarb 169.259 3,09% Market Cap. 31 Sonstige 1.841.518 33,61% Turnover 22 Numbers based on last filing – actual shareholdings can differ 18
  • 18. Investor Relations Contact details & social media channels http://twitter.com/xing_ir http://www.slideshare.net/patmoeller http://www.youtube.com/XINGcom Patrick Moeller Director Investor Relations XING AG Gaensemarkt 43 20354 Hamburg http://blog.xing.com Germany Tel.: +49 (0)40 419 131-793 Fax.: +49 (0)40 419 131-44 (Please use this number to submit “WpHG notifications”) skype:patrickmoeller?add Email.: patrick.moeller@xing.com IR Website: http://corporate.xing.com/english/investor-relations/ 19