Trading Statement

Moneysupermarket.com Group PLC 19 December 2007 Moneysupermarket.com Group PLC ('Moneysupermarket.com' or the 'Group'), the UK's leading price comparison site, issues the following trading update relating to the six month period ending 31 December 2007. The Group commenced trading on 22 June 2007 and, accordingly, the financial information below is presented on a pro forma basis to show what the financial results would have been had the Group in effect been trading since 1 January 2006(1). The Directors believe that this will allow users of the financial information to gain a better understanding of the underlying performance of the business and is consistent with the presentation made in the prospectus. The full year results will be presented on the same basis. The Group indicated at the time of its interim results that trading in the second half of the year had begun strongly. The Group now expects that revenue and adjusted EBITDA(2) for the year will be no less than the current consensus of analysts' forecasts which show revenues of £160.9 m and adjusted EBITDA of £51.3m. Internet Revenues will have grown in excess of 60% in the year. • Revenues in the Money vertical for the second half of 2007 will be approximately 30% ahead of the same period last year. Visitor numbers have increased over the corresponding period in 2006. Revenue per Transaction (RPT) and Revenue per Visitor (RPV) have remained broadly consistent with the first half of the current financial year. The impact to date of the volatility in credit markets has been limited in the second half of 2007, although the Group has noted that a number of providers have recently tightened their underwriting criteria and raised their pricing to consumers. A number of providers within the subprime secured lending space, who do not necessarily have contractual relationships with the Group, have also withdrawn from the market. • Revenues in the Insurance vertical for the second half of 2007 will be approximately 75% ahead of the same period last year. The Group has seen an improvement in RPT over the period relative to the first half of the current year.(3) • Revenues in the Travel vertical for the second half of 2007 will be approximately 85% ahead of the same period last year. Visitor numbers have increased significantly over the corresponding period in 2006. RPT and RPV have been broadly consistent with the first half of the current financial year. • Revenues in the Home Services vertical will be approximately 140% ahead of the same period last year. Visitor numbers have increased significantly over the corresponding period in 2006. RPT and RPV have been broadly consistent with the first half of the current financial year. • Revenues in the Intermediary business will be approximately 25% lower than the same period last year but broadly in line with consensus. The Group began operations in Germany in October 2007 with the launch of the website www.icero.de. There will be no significant revenues recognised in the current year but the Group will have invested approximately £0.6m in establishing the business over the course of the second half of the year. The German operations were launched with a motor insurance channel and initial reactions have been relatively good. The Group intends to focus in 2008 on refining its insurance offering to improve conversion and to extend its reach into other verticals most notably Money. Commenting, Simon Nixon, Monesupermarket.com CEO and Founder said: 'In the year that we listed on the London Stock Exchange we are happy to confirm that we expect to report revenues and profits that meet expectations. Overall the Group has had a very good year growing revenues and adjusted EBITDA in excess of 50%. Second half trading has remained strong. We continue to have enormous confidence in our business model and the benefit that price comparison brings to consumers and providers. Uncertainty in the financial markets remains and has been ever-present through most of the second half of the year. This has had little impact on our trading to date but visibility continues to remain limited.' The Group also announces that it has appointed UBS joint corporate broker alongside Credit Suisse. Results for the year ended 31 December 2007 are due to be released on 26 February 2008. Contact details Moneysupermarket.com Group PLC Paul Doughty Chief Financial Officer 020 7353 4200 Alexander Cowen-Wright Public Relations Manager 07802 455893 Tulchan Communications David Trenchard 020 7353 4200 Celia Gordon Shute 020 7353 4200 (1) Assuming a debt free acquisition at 1 January 2006, from which date intangible amortisation commenced, and a share option charge which reflects the average charge over the vesting period of currently unexercised options. (2) Adjusted EBITDA is calculated by the Directors following certain adjustments to the historical compensation levels of the Group Directors and Senior Managers. These adjustments reflect the Group Directors' and Senior Managers' profit share, discretionary bonus, and employers National Insurance Contributions from these historical compensation levels. Following the IPO these elements of compensation no longer apply at these levels to these individuals each of whom has entered a new service contract. The charge for share based compensation relating to options issued pre-IPO have also been added back. The Directors anticipate presenting financial information on a similar basis until the final results for the year ended 31 December 2008. Thereafter the need to present proforma Income Statement will not be required because the relevant comparator period will be consistent with the current period. (3) As noted in the prospectus the Group's visitor numbers during the period between June 2006 and May 2007 were understated due to certain visitors not being assigned a unique global user ID. The issue was resolved in May 2007 and has not impacted visitor numbers in the Insurance vertical after May 2007. The Group has been unable to quantify the exact extent of the understatement. It is therefore unable to comment upon visitor numbers and RPV both relative to the same period in 2006 and the first half of 2007. This information is provided by RNS The company news service from the London Stock Exchange
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