Jacquet Metals Sa · EURONEXT:JCQ
Jacquet Metals Sa — ODDO BHF Nextcap Forum 2020
14 slides from Jacquet Metals Sa's conference presentation, Jun 5, 2020
Slide 1: ODDO BHF Nextcap Forum
ODDO BHF Nextcap Forum 5 June 2020 A leader in the distribution of specialty steels
Slide 2: Group Overview
GROUP OVERVIEW Sales breakdown Sales 2019 €1.6 Bn Staff 3,039 Outside Europe Germany 2% 38% Distribution centers 103 Other Europe Countries 25 25% North America 5% Spain 7% Worldwide footprint Netherlands France 7% Italy 9% 7% A leader in the distribution of specialty steels 2
Slide 3: 3 Divisions
3 DIVISIONS Stainless steel Stainless steel long Engineering steels quarto plates products Sales and breakdown* Outside Europe USA - Canada Outside Europe Germany Outside Europe 26% 2% Germany 6% 42% 2% 46% Other Europe 31% Other Other €343 m Europe €467 m €818 m Europe 45% 44% Germany 12% France 10
Slide 4: General Comments – First Quarter 2020
GENERAL COMMENTS – FIRST QUARTER 2020 Market conditions: • Since mid-March 2020, the operations of all divisions have been affected to varying degrees • To date, all the Group’s distribution centers are currently operating with an average utilization rate of 80 % Key figures: • Sales: €413 m -10.3%
Slide 5: Sales – First Quarter 2020
SALES – FIRST QUARTER 2020 -10.3% y.o.y. -9.8% -0.5% In €m - 18.2 % Divisions -15.7% -2.5% -3.2 % -1.1 % -1.8% 0.7% -6.2% 3.0% A leader in the distribution of specialty steels 5
Slide 6: Income Statement – First Quarter 2020
INCOME STATEMENT – FIRST QUARTER 2020 €k Q1.19 PF1 Q1.20 Sales 460 413 Gross margin 104 94 % of sales 22.6 % 22.8 % EBITDA per division (excl. IFRS 16) EBITDA 24 16 % of sales 5.2 % 3.9 % In m€ +€0.5 m -€1.2 m -€6.7 m 7.4 Adj. operating income 17 7 6.1 5.5 % of sales 3.7 % 1.7 % 4.9 5.0 Operating in
Slide 7: Cash Flow / Balance Sheet – First Quarter 2020
CASH FLOW / BALANCE SHEET – FIRST QUARTER 2020 Operating cash flow: +€69 m Gearing: 35 % In €m Non-current assets (including goodwill) 219 373 Shareholders’ equity Operating cash flow: +€69 m In €m Net operating WCR (of which inventories €404 m) 367 Cash : 175 €273 m -10 -59 Net debt 132 Borrowings
Slide 8: Future Main Development Areas
FUTURE MAIN DEVELOPMENT AREAS USA Germany Italy United Kingdom Products Aluminium Aeronautics A leader in the distribution of specialty steels 8
Slide 9: Appendices
AGENDA APPENDICES A leader in the distribution of specialty steels
Slide 10: Positioning
POSITIONING Commodities steel market 95% Specialty steel market 5% Typology: Typology: Large volume Targeted applications “Volumes” strategy “Margin” strategy Players: 1.9 Bn Players: tons Aperam, Amari Metal, ThyssenKrupp Materials, Ta Chen International, Kloeckner Jacquet Metal Service APPENDICES
Slide 11: Added Value
ADDED VALUE Suppliers Jacquet Metal Service Customers ▪ Purchasing prices ▪ 60,000 customers, average ▪ 20 suppliers for 45% of ▪ Storage of specialty steels invoice < €3,000 purchases ▪ Managing price fluctuations ▪ Finishing services ▪ Delivery time +/- 1 week ▪ Delivery time from 2 to 12 months A
Slide 12: Sectors
SECTORS Stainless steel Stainless steel Engineering steels quarto plates long products Sectors > Chemistry > Chemistry > General mechanics > Agri-food industry > Agri-food industry > Transport > Gas treatment and storage > Gas treatment and storage > Public works vehicles > Energy > Energy > Farm eq
Slide 13: Stock Market and Shareholder Structure
STOCK MARKET AND SHAREHOLDER STRUCTURE Stock information Shareholder structure (voting rights) at May 13, 2020 31.03.20 31.12.19 Pursuant to the delegation granted to the Board of Directors by the Number of shares at end of period Shares 24,028,438 24,028,438 General Meeting of June 28, 2019, the Bo
Slide 14: Euronext Paris ISIN: FR0000033904
Euronext Paris ISIN : FR0000033904 A leader in the distribution of specialty steels