Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Investor Presentation (April 2023)
63 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's investor presentation, Apr 27, 2023
Slide 1: Presentation for investors Sto SE & Co. KGaA
Presentation for investors Sto SE & Co. KGaA Date: 27/04/2023 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 1
Slide 2: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 37 From page 59 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 3: From our Guiding Principles
From our Guiding Principles Our vision: technology leader in the sustainable design of living space tailored to human needs. Worldwide. Our mission: building with conscience. World map in render in the Sto SE & Co. KGaA reception building 3 Date: 27/04/2023
Slide 4: Sto ─ segment turnover
Sto ─ segment turnover Share of Sto Group consolidated turnover for 2022 America/Asia/ Pacific Northern/ 204.3 Eastern 11.4% Europe 177.8 10.0% Western Europe 1,405.3 78.6% Turnover 2022 Sto Group: EUR 1,787.4 million Figures in EUR million and %. 4 Date: 27/04/2023
Slide 5: Sto ─ product groups
Sto ─ product groups Share of Sto Group consolidated turnover for 2022 Other product groups 270.2 15.1% Interiors 258.9 14.5% 856.2 Façade 47.9% systems 402.1 22.5% Turnover 2022 Façade coatings Sto Group: EUR 1,787.4 million Figures in EUR million and %; other product groups: Including floor coatin
Slide 6: Applications
Applications Sto products & systems Façade Interior coatings coatings Thermal insulation/ Concrete and floor rainscreen cladding coatings façade Lacquers, glazes, and stains Acoustic systems Internal insulation Simplified schematic diagram. 6 Date: 27/04/2023
Slide 7: Climate protection
Climate protection Sto’s business model makes a direct contribution 7 Date: 27/04/2023
Slide 8: Climate protection
Climate protection Sto products ─ external wall insulation system (EWIS) 1 2 3 4 3 5 StoTherm Classic®system build- up 1 ─ Bonding 2 ─ Insulation 3 ─ Reinforcing compound 4 ─ Reinforcing mesh 5 ─ Finish 8 Date: 27/04/2023
Slide 9: Climate protection
Climate protection Sto products ─ reducing particulates and nitrogen oxides “Paint combats driving ban”: this was the eye-catching headline of the newspaper Bild some time ago, highlighting the possibility of using paint to significantly reduce air pollution in city centres. The newspaper report cit
Slide 10: Sto products
Sto products Biomimetic paints for over 20 years Lotusan: dirt runs off with the rain StoColor Dryonic: nice and dry, come what may 10 Date: 27/04/2023
Slide 11: Core target groups
Core target groups Direct distribution Trade/specialised companies General contractors Planners Housing industry Architects Investors The customers that purchase from the Sto brand are generally tradespeople or specialist companies. The market cultivation activities for the Sto brand focus on these
Slide 12: Sto – presence in Germany
Sto – presence in Germany Distribution Germany status March 2023 91 SalesCentres 343 employees in the sales force incl. application engineering Headquarters Stühlingen As at: 20.04.2023 12 Date: 27/04/2023
Slide 13: Sto – presence in Germany
Sto – presence in Germany 10 subsidiaries 1 StoCretec GmbH 2 SÜDWEST Lacke + Farben GmbH & Co. KG 3 STRÖHER Group - STRÖHER GmbH 4 - STRÖHER Produktions GmbH 3 - GEPADI FLIESEN GmbH 8 4 JONAS Farben GmbH 1 5 VIACOR Polymer GmbH 2 6 Verotec GmbH 7 Innolation GmbH Headquarters Stühlingen 5 6 8 Liaver
Slide 14: Sto – international presence
Sto – international presence Europe Iceland Finland 40 subsidiaries Norway Sweden 17 distribution partners Estonia Latvia Denmark United Kingdom Russia Lithuania Netherlands Poland Ireland Belgium Germany Luxembourg Czech Republic (2) France (3) Slovakia Moldova Austria Hungary Swizerland Slovenia R
Slide 15: Sto – international presence
Sto – international presence America, Africa, Asia/Pacific North America: 4 subsidiaries Canada Georgia Kyrgyzstan South Korea USA Japan (2) Lebanon Iraq China Israel Kuwait Mexico Morocco Jordan Qatar India Hong Kong (3) UAE Myanmar Taiwan Saudi Arabia Guatemala Africa: Thailand Vietnam Caribbean:
Slide 16: The Sto Group at a glance
The Sto Group at a glance Sto Group Company brand Mixed brand presence Individual/family brand 16 Date: 27/04/2023
Slide 17: Sto is a volunteer-friendly employer in civil protection
Sto is a volunteer-friendly employerin civil protection The state of Baden-Württemberg awarded Sto SE & Co. KGaA as a "Volunteer-friendly Employer in Civil Protection 2022" in January 2023. The company was suggested for the award by the Stühlingen fire brigade commander Gerhard Pfeifer due to the ma
Slide 18: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 37 From page 59 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 19: The history of Sto
The history of Sto 1835: founding of lime and cement works in Weizen 19 Date: 27/04/2023
Slide 20: The history of Sto
The history of Sto 1954: acquisition of licence for synthetic resin render and start of production 1962: ISPO-Putz KG becomes Stotmeister & Co. Farben-und Baustoff-KG 20 Date: 27/04/2023
Slide 21: The history of Sto
The history of Sto 1988: Stotmeister GmbH changes to Sto AG 1992: introduction to the stock exchange 2014: Sto AG changes to Sto SE & Co. KGaA Sto SE & Co. KGaA communications building, Stühlingen Photo: Christian René Schulz, Bielefeld Design: Michael Wilford Architekten, Stuttgart/London 21 Date:
Slide 22: The history of Sto
The history of Sto Family entrepreneurs: Jochen Stotmeister (1), Gerd Stotmeister (2), Fritz Stotmeister († 21.04.2022) (3) 1) Chairman of the Supervisory Board of STO Management SE & Chairman of the Executive Board (1988–2015) 2) Member of the Supervisory Board of STO Management SE & Chief Technolo
Slide 23: Executive Board of STO Management SE
Executive Board of STO Management SE Michael Keller Rainer Hüttenberger Jan Nissen Rolf Wöhrle Executive Board Spokesman of the Executive Board Executive Board Executive Board responsible for Sales Sto Brand responsible for Sales Sto Brand responsible for Process responsible for Finance, Controlling
Slide 24: Social responsibility
Social responsibility Everybody is talking about CSR – Corporate Social Responsibility. But actions speak louder than words. Sto is fulfilling its social responsibility in three concrete areas. 24 Date: 27/04/2023
Slide 25: Social responsibility
Social responsibility 1) Thermal insulation equals climate protection:our products. Sto has been selling facade insulation systems for over 50 years and supplied insulation for around 670 million m2 of facade surfaces from 1965 to 2021. This equates to a saving of 390 million tonnes of carbon dioxid
Slide 26: Social responsibility
Social responsibility TRAINING AND FURTHER EDUCATION FOR TRADESPEOPLE AND ARCHITECTS 2) Promoting young talent through education: the StoFoundation The foundation, which was launched in 2005, promotes the education of young people in trade and academic environments. It also supports projects for the
Slide 27: Social responsibility
Social responsibility 3) Sto is a member of Global Compact – a global pact between companies and the UN to make globalisation more socially responsible and eco-friendly. 27 Date: 27/04/2023
Slide 28: Strategy 2025
Strategy 2025 Global megatrends ─ Significant opportunities for Sto Climate change Future markets/ Sustainability Global Technology + Demographic Scarcity of + ecosystem Globalisation + global knowledge innovation change resources threats trends responsibility societies Global population Innovation
Slide 29: Strategy 2025
Strategy 2025 Climate targets set by politicians confirm Sto's path Objectives: European Continent climate neutral by 2050. Net greenhouse gas emissions reduced by 55% by 2030. Buildings account for: o 35 MILLION buildings could be > 40% of energy consumed RENOVATED > 36% of energy-related o 160,000
Slide 30: Strategy 2025
Strategy 2025 The Green Deal will give us tailwind - but we also have to do something about it The European Green Deal is a concept presented by the European Commission with the goal of Clean Energy Elimination of environmental pollution becoming climate neutral in the European Union by 2050. The Gr
Slide 31: Strategy 2025
Strategy 2025 Target dimensions of the new strategy at a glance Customer focus Performance potential We are a reliable and flexible We harness and promote partner, and stand for expert Finances potential in relation to market advice, functional products, Sustainable, reach, solutions leadership, and
Slide 32: Strategy 2025
Strategy 2025 3 strategic dimensions with 14 core initiatives Growth initiatives Profit initiatives 1. Core segment of external wall 10. Centrally managed supply chain insulation systems 11. Efficient process organisation 10 % 2. Two-stage distribution EBT 12. Reduced complexity 3. Market potential
Slide 33: Strategy 2025
Strategy 2025 Sustainability gaining importance at a global level Sto is aware of its responsibility to contribute to the fulfilment of the 17 Sustainable Development Goals (SDGs) of the United Nations and to respond to key trends: increased customer and stakeholder requirements, demand for “sustain
Slide 34: Strategy 2025
Strategy 2025 Our sustainability strategy at a glance Our vision Technology leader in the sustainable design of living space tailored to human needs. Worldwide. Our mission: Building with conscience Sustainability Function Aesthetic appeal Service Holistic approach Key areas of focus Objectives 34 D
Slide 35: Strategy 2025
Strategy 2025 Our core objectives for the Sto Group up to 2025 – relating to our company Climate protection Environmental Recycling economy Health and well- Transparency and Employees protection being social responsibility We are 100 % climate- We are reducing waste We are encouraging We ensure the
Slide 36: Strategy 2025
Strategy 2025 Strategy implementation ─ Example EU taxonomy key figures 2022 The Sto Group operates taxonomy-compliant activities in its core business. 36 Date: 27/04/2023
Slide 37: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 37 From page 59 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 38: Presentation for investors
Presentation for investors 3 Sto at a glance From page 38 2022 Annual report Key financial From page 41 figures / Information Information about the Sto share about the Sto From page 56 share From page 37 Rounding of amounts may lead to minor deviations in totals and in the calculation of percentages
Slide 39: Sto ─ at a glance
Sto ─ at a glance * From 2019 including IFRS 16 ** ROCE = EBIT divided by average capital employed. Capital employed = balance sheet values are determined on the basis of an arithmetic average of the respective reference date values at month end for the respective period. Capital employed = Intangib
Slide 40: Sto ─ at a glance
Sto ─ at a glance Group segment reporting as at 31 December 2022 40 Date: 27/04/2023
Slide 41: Presentation for investors
Presentation for investors 3 Sto at a glance From page 38 2022 Annual report Key financial From page 41 figures / Information Information about the Sto share about the Sto From page 56 share From page 37 Rounding of amounts may lead to minor deviations in totals and in the calculation of percentages
Slide 42: Sto Group 2022
Sto Group 2022 Earnings improved and earnings forecast significantly exceeded, best values to date About the title image: A significant part of the future of building lies in the existing stock. Nevertheless, new construction will of course continue in the future. A project by the Italian architectu
Slide 43: Sto Group financial figures 2022
Sto Group financial figures 2022 Highlights 2022 1,787.4 47.4 EUR million Turnover EUR million Investments* +12.4% vs. PY +13,1% vs. PY 5,735 128.3 Employees EUR million EBT +0.7% vs. PY +0.3% vs. PY Information acc. to IFRS; * without: financial assets and IFRS 16. 43 Date: 27/04/2023
Slide 44: Sto Group financial figures 2022
Sto Group financial figures 2022 Summary Sto continues to grow in 2022 despite the difficult general conditions, and achieves the forecast turnover and earnings objectives Consolidated turnover up by 12.4 % to EUR 1,787.4 million compared to previous year Intense pressure on the gross profit m
Slide 45: Sto Group turnover
Sto Group turnover Continuous growth, new best value achieved in 2022 in EUR million 2,000 1,800 1,787.4 1,600 1,590.5 1,400 1,433.0 1,398.2 1,332.4 1,200 1,000 800 600 400 200 0 2018 2019 2020 2021 2022 Information in accordance to IFRS. 45 Date: 27/04/2023
Slide 46: Sto Group turnover
Sto Group turnover Positive development in Germany, as well as outside Germany, new best values achieved in EUR million In Germany Outside Germany 1,200 1,000 1,025.6 898.0 800 786.9 772.9 761.8 736.4 692.5 600 660.1 611.3 596.0 400 200 0 2018 2019 2020 2021 2022 Information in accordance to IFRS. 4
Slide 47: Development of EWIS market in Germany
Development of EWIS market in Germany Market volume in 2022 increased to highest value since 2014 50 39.6 40 36.6 36.3 36.0 36.5 34.9 33.6 33.9 34.3 35.1 33.3 30 Mio. m² 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F Source: B+L Marktdaten GmbH: Quarterly Report Q4 2022 ETICS. B+L M
Slide 48: Sto Group turnover
Sto Group turnover Growth in all product groups, very significant for façade systems in EUR million Fascade systems Fascade coatings Interior Other product groups Other product groups Other product groups 248.0 270.2 Interior Interior 247.9 258.9 Façade coatings Façade coatings 354.6 402.1 Façade sy
Slide 49: Sto Group shares of insulation board sales
Sto Group shares of insulation board sales* as at 12/2021 As at 12/2022 1% 2% 3% 3% 26% 26% 70% 69% *only associates with ERP SAP, sales basis in m². 49 Date: 27/04/2023
Slide 50: Shares of insulation board sales Sto SE & Co. KGaA
Shares of insulation board sales Sto SE & Co. KGaA per 12/2021 per 12/2022 2% 1% 5% 5% 33% 33% 60% 61% *Sales basis in m². 50 Date: 27/04/2023
Slide 51: EBIT & EAT Sto Group
EBIT & EAT Sto Group New best EBIT. EAT in previous year influenced by special effects in EUR million EBIT EAT 140 120 129.7 124.5 120.8 100 94.7 80 89.1 85.9 81.9 80.7 60 56.3 53.8 40 20 0 2018 2019 2020 2021 2022 Information in accordance to IFRS. 51 Date: 27/04/2023
Slide 52: Sto Group employees
Sto Group employees Moderate increase in 2022 In Germany Outside Germany Sto Group 5,735 3,500 5,800 3,000 5,700 3,130 3,127 3,000 2,943 2,887 2,500 5,600 5,697 2,605 2,590 2,570 2,545 2,446 2,000 5,533 5,500 5,545 1,500 5,400 1,000 5,333 5,300 500 5,200 0 5,100 31.12.2018 31.12.2019 31.12.2020 31.1
Slide 53: Sto Group investments and depreciation/amortisation
Sto Group investments and depreciation/ amortisation Continual investments in further growth in EUR million Investments Depreciation/amortisation 50 47.4 46.9 45.5 40 42.0 41.9 41.7 35.3 30 33.2 32.1 31.3 20 10 00 2018 2019 2020 2021 2022 Information in accordance to IFRS; however, without effects f
Slide 54: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 31/12/2022, strong equity base in EUR million Non-current assets Equity capital 494.8 685.1 (Equity ratio 62.4%) Current assets 483.5 Non-current provisions and liabilities 165.7 Current provisions and liabilities Cash and cash equival
Slide 55: ROCE Sto Group
ROCE Sto Group ROCE in 2022 influenced in particular by inventory build-up in % 25 20 19.7 18.9 17.3 15 15.6 10 14.0 5 0 2018 2019 2020 2021 2022 ROCE from 2019 including IFRS 16 ROCE = EBIT divided by average capital employed Capital employed = balance sheet values are determined on the basis of an
Slide 56: Presentation for investors
Presentation for investors 3 Sto at a glance From page 38 2022 Annual report Key financial From page 40 figures / Information Information about the Sto share about the Sto From page 56 share From page 37 Rounding of amounts may lead to minor deviations in totals and in the calculation of percentages
Slide 57: Sto share
Sto share Shareholder structure and dividend information 16.00 14.00 14.46 12.00 14.06 12.6 10.00 8.00 9.09 Shareholder structure 8.39 6.00 4.00 5.00 5.00 5.00 4.09 4.09 2.00 0.00 6% 2018 2019 2020 2021 2022 Earnings per share Dividend payment* 37% Dividend yield** 57% 6.0% 5.0% 5.0% 3.9% 3.6% 4.0%
Slide 58: Sto share ─ Share price trend
Sto share ─ Share price trend Gradual price recovery towards year-end, price below previous year-end level 58 Date: 27/04/2023
Slide 59: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 37 From page 59 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 60: Outlook
Outlook Outlook for 2023 as a whole *in each case without factoring in the quantitative influence of the Russia-Ukraine conflict, which cannot be reliably assessed at present It must be pointed out that the weather conditions, which are important for the Sto Group's business development, may have a
Slide 61: Outlook
Outlook Objectives for 2025 The Sto Group is aiming for a turnover of EUR 2.1 billion and a return on sales of 10% in relation to EBT by 2025. 61 Date: 27/04/2023
Slide 62: Contact
Contact Investor Relations Rolf Wöhrle, Member of the Executive Board of STO Management SE, Finance Contact via: Tel. +49 7744 57 – 1241 E-mail: s.buehner@sto.com 62 Date: 27/04/2023
Slide 63: Thank you for your interest! Sto SE & Co. KGaA
Thank you for your interest! Sto SE & Co. KGaA Date: 27/04/2023 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 63
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