JDC Group AG · XETR:JDC
JDC — 9M 2024 Earnings Presentation
23 slides from JDC's earnings presentation, Nov 14, 2024
Slide 1: Earnings Call 9M 2024
EARNINGS CALL 9M 2024 Third quarter growth > +35% Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) JDC Group AG 14 November 2024 1
Slide 2: JDC's Earnings Call presented by
JDC‘s Earnings Call presented by Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) • Strategy • IT - Platform • Human Resources • Finance • Products • Legal & Compliance • Investor/Public Relations • M&A JDC Group AG 14 November 2024 2
Slide 3: Platform technology
Platform technology MAKING GERMAN INSURANCE DIGITAL JDC‘s platform is a market leader for the administration and processing of financial products and the #1 for insurance contracts. Currently there are 5.5M contracts on the platform. Direct Clients Next to increasing back-office efficiency thr
Slide 4: 9M 2024
9M 2024 • The normally weak third quarter is a record quarter in 2024 // more than EUR 50 million in Turnover sales in a Q3 is a new record high // as is the growth of > 35 percent in a quarter +29% • Next to the very strong insurance business, growths stems from the investment business and the revi
Slide 5: 9M 2024 in Numbers – Group
9M 2024 9M 2024 IN NUMBERS – GROUP Q3 2024 9M 2024 9M 9M Turnover in million EUR Q3 2024 Q3 2023 vs. vs. 28.7% 2024 2023 Q3 2023 9M 2023 Revenues 52.1 38.3 36.1% 158.2 122.9 28.7% 122.9m 158.2m → Advisortech 46.4 33.4 38.6% 141.2 108.4 30.2% → Advisory 9.1 7.7 17.9% 27.7 23.6 17.2% 9M 2023 9M 2024 →
Slide 6: Strong growth in all product groups
Strong growth in all product groups Ongoing strong market development and the consolidation of Top Ten Group Turnover development 9M 2024 (first time consolidation Dec 2023) lead 0.8m to an extraordinary good growth of the 11.8m +10% investment sector within JDC. 22.7m +15% +61% Insurance growth aga
Slide 7: Composition of turnover growth & turnover split
Composition of turnover growth & turnover split Turnover development 9M 2024 Advisortech turnover split 9M 2024 4.1m 1.4% 9.0m +17.2% IFA 23.8m +34.8% business +29.6% 24.8% Major customers 122.9m 158.2m 73.8% Direct clients IFA Major 9M 2023 Advisory 9M 2024 business customers • Direct clients with
Slide 8: Quarterly comparison shows a very strong third quarter 2024
Quarterly comparison shows a very strong third quarter 2024 +36% 60.000 +10% 50.000 +1% + 25% 40.000 30.000 20.000 10.000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 2022 2023 2024 Normal year Normal year Weak year Weak year Strong year JDC Group AG 14 November 2024 8
Slide 9: 9M 2024 in Numbers – Advisortech
9M 2024 9M 2024 IN NUMBERS – ADVISORTECH Q3 2024 9M 2024 9M 9M Turnover ADVISORTECH Q3 2024 Q3 2023 vs. vs. 2024 2023 30.2% Q3 2023 9M 2023 Revenues 46.4 33.4 38.6% 141.2 108.4 30.2% 108.4m 141.2m Gross profit 11.3 8.9 27.1% 35.5 28.5 24.4% Depreciation and 9M 2023 9M 2024 -1.2 -1.1 -10.2% -3.5 -3.1
Slide 10: 9M 2024 in Numbers – Advisory
9M 2024 9M 2024 IN NUMBERS – ADVISORY Q3 2024 9M 2024 9M 9M Turnover ADVISORY Q3 2024 Q3 2023 vs. vs. 2024 2023 17.2% Q3 2023 9M 2023 Revenues 9.1 7.7 17.9% 27.7 23.6 17.2% 23.6m 27.7m Gross profit 3.2 2.6 21.2% 9.5 7.9 20.7% Depreciation and 9M 2023 9M 2024 -0.3 -0.3 9.1% -0.8 -0.9 7.2% amortizatio
Slide 11: Cash Flow Statement
9M 2024 CASH FLOW STATEMENT Strong cash flow from operating activities (9.9m) 01/2024 01/2023 9M 2024 in kEUR – 09/2024 – 09/2023 vs. 9M 2023 Stable cashflow from Cash and cash equivalents at the beginning investment activities due to 26,362 16,672 9,690 ongoing acquisitions and of the period capita
Slide 12: JDC platform activity 2024 at all-time high levels
JDC platform activity 2024 at all-time high levels Overall platform activity with an all-time-High! – driven by the insurance sector # of orders up more than + 12% # of contract transfers about + 53% Annual net premium on the JDC platform is growing constantly and reached 1.27bn EUR +12.3% +
Slide 13: Further Facts: Share price and Bond 2023/2028
9M 2024 FURTHER FACTS Development of share price Bond 2023/2028 4. Quote (Tradegate): 106.00 % (November 13th, 2024) Share price (XETRA): 22.10 EUR (November 13th, 2024) Volume: 20,000,000 EUR 147,113 own shares (as of November 13th, 2024) coupon: 7.0 % p.a Average purchase price: 19.89 EUR per shar
Slide 14: JDC Group – stock market data
JDC Group – stock market data Shareholder structure Own shares 1.1% Provinzial Management 6% 11.2% Shares Outstanding 13,668,461 Great West ISIN DE000A0B9N37 26.9% Other Shareholders 48.8% Bloomberg JDC:GR Current share EUR 22.10 price as of VKB November 13th, 2024 6% Market Cap EUR 302.07m Average
Slide 15: Spotlight
Spotlight ▪ Top Ten ▪ Aging Broker Population ▪ AI Achievements ▪ Finanzwelt award JDC Group AG 14 November 2024 15
Slide 16: Integration Top Ten Gruppe
Integration Top Ten Gruppe Completion of Owner Control Procedure Websites, Documents, Public Presence Regulatory approval obtained, ensuring Unified branding and refreshed compliance and reinforcing the stability and communication strategy are in progress legitimacy of the acquisition. Transaction a
Slide 17: Consolidation of intermediaries (M&A): accelerated by age structure
Consolidation of intermediaries (M&A): This trend is accelerated by the age structure Normal retirement age 2019 2023 in Germany Age distribution of brokers, in % Average age, brokers Average age, brokers 2019: Ø 52.6 2023: Ø 56.3 4% From 2024-2028, around 1,700 brokers will retire each year The ave
Slide 18: Information extraction using AI
Information extraction using AI MILESTONE ACHIEVEMENT: CAR & HOUSEHOLD INSURANCE PROCESSED 90% STRAIGHT-THROUGH Incoming Document OCR Prompt Engineering Structured Data Automated Data Input Cost Savings Scope of data Seamless integration Process Efficiency Scalability JDC Group AG 14 November 2024 1
Slide 19: JDC again awarded Outstanding by finanzwelt Broker Pool Navigator
JDC again awarded “Outstanding” in all categories by the the finanzwelt Broker Pool Navigator. In 2024, 18 pools participated in the Finanzwelt survey. Once again, JDC Group was able to demonstrate outstanding performance across all six categories. These categories are: • Broker Orientation • Produc
Slide 20: Guidance
Guidance JDC Group AG 14 November 2024 20
Slide 21: Guidance 2024
Guidance 2024 Achievements 9M Guidance 2024 Turnover Turnover On track 158.2 million 205 to 220 million EBITDA EBITDA On track 9.2 million 14.5 to 16 million • Integration of Top Ten Group Goals • Relevant turnover and gross margin from Summitas companies 2024 • Refocus on smaller IFAs – Leverage th
Slide 22: Thank you for your attention!
Thank you for your attention! JDC Group AG 14 November 2024 22
Slide 23: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While JDC