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 2022)
60 slides from Sto SE & Co. KGaA Vorz-Inhaber-Akt Ohne Stimmrecht's investor presentation, Apr 28, 2022
Slide 1: Presentation for investors Sto SE & Co. KGaA
Presentation for investors Sto SE & Co. KGaA Date: 28/04/2022 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 19 From page 37 From page 56 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 Presentation for investors Date: 28/04/2022
Slide 4: Sto ─ product groups
Sto ─ product groups Share of Sto Group consolidated turnover for 2021 Other product groups 15.6% Interiors 15.6% 46.5% Facade systems 22.3% Turnover 2021 Facade coatings Sto Group: EUR 1,590.5 million Other product groups: Including floor coatings and products for concrete repair. 4 Presentation fo
Slide 5: Sto ─ segment turnover
Sto ─ segment turnover Share of Sto Group consolidated turnover for 2021 America/Asia/ Pacific Western Europe Northern/ 188,232 excl. Germany Eastern Europe 157,973 599,692 692,514 Turnover 2021 Sto Group: EUR 1,590.5 million Germany 5 Presentation for investors Date: 28/04/2022
Slide 6: Applications
Applications Sto products & systems Facade Interior coatings coatings Thermal insulation/ Concrete and floor rainscreen cladding coatings facade Lacquers, glazes, and stains Acoustic systems Internal insulation Simplified schematic diagram 6 Presentation for investors Date: 28/04/2022
Slide 7: Climate protection
Climate protection Sto’s business model makes a direct contribution 7 Presentation for investors Date: 28/04/2022
Slide 8: Sto products ─ external wall insulation system (EWIS)
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 Presentation for investors Date: 28/04/2022
Slide 9: Cost increase in EUR per m² of living space
Climate protection Disproportionately low increase in costs for insulation work Cost increase in EUR per m² of living space Comparison of the cumulative cost increases for buildings (KG300 & 400) and insulation work for the new construction of residential buildings triggered by the different levels
Slide 10: Sto products ─ reducing particulates and nitrogen oxides
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 11: 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 11 Presentation for investors Date: 28/04/2022
Slide 12: 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 13: Sto – presence in Germany
Sto – presence in Germany Sto SE & Co. KGaA - Sales Germany: 91 SalesCenter 343 employees in the sales force incl. application engineering Headquarters Stühlingen / Germany As at: 15.02.2022 13 Presentation for investors Date: 28/04/2022
Slide 14: Sto – presence in Germany: subsidiaries
Sto – presence in Germany 10 Subsidiaries 1 StoCretec GmbH 2 SÜDWEST Lacke + Farben GmbH & Co KG 3 STRÖHER Gruppe - 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 / Germany 5 6
Slide 15: Sto – international presence
Sto – international presence Europe Iceland 32 subsidiaries* Finland Norway Sweden 16 sales partner Estonia Danmark Latvia Great Britain Lithuania The Netherlands Poland Germany Belgium Luxemburg Czech Republic Slovakia France Austria Switzerland Hungary Moldova Rumania Italy Bosnia-Herzegovina Mont
Slide 16: Sto – international presence
Sto – international presence America, Africa, Asia/Pacific North America: Russia 3 subsidiaries* Canada Georgia South Korea USA Lebanon Iraq China Israel Kuwait Japan (2) Morocco Jordan Qatar Mexico Bahrain Hongkong (3) VAE India Myanmar Saudi Arabia Taiwan Guatemala Belize The Caribbean Africa Oman
Slide 17: The Sto Group at a glance
The Sto Group at a glance Sto Group Company brand Mixed brand presence Individual/family brand 17 Presentation for investors Date: 28/04/2022
Slide 18: Sto is one of Germany’s best employers in 2021
Sto is one of Germany’s best employers in 2021 In a representative study, opinion poll institute Statista and Stern magazine identified the 650 best German employers in 2021. Sto is the leading company in the industry sector for building materials, metals, and materials. In the overall ranking, it i
Slide 19: Investorenpräsentation
Investorenpräsentation 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 19 From page 37 From page 56 Disclaimer: Any statements in this presentation that relate to the future correspond to the stat
Slide 20: The history of Sto
The history of Sto 1835: founding of lime and cement works in Weizen 20 Presentation for investors Date: 28/04/2022
Slide 21: 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 21 Presentation for investors Date: 28/04/2022
Slide 22: 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 22 Presen
Slide 23: 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 24: In memory of Fritz Stotmeister
The history of Sto In memory of Fritz Stotmeister Our Honorary Chairman of the Supervisory Board of Sto SE & Co. KGaA and founder of ISPO-Putz KG Fritz Stotmeister passed away in peace on 21 April 2022 after a fulfilled life. 24 Presentation for investors Date: 28/04/2022
Slide 25: 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 26: 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. 26 Presentation for investors Date: 28/04/2022
Slide 27: Social responsibility: thermal insulation equals climate protection
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 28: Social responsibility: StoFoundation
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 29: Social responsibility: Global Compact
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. 29 Presentation for investors Date: 28/04/2022
Slide 30: Global megatrends ─ Significant opportunities for Sto
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 31: Climate targets set by politicians confirm Sto's path
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 A
Slide 32: Target dimensions of the new strategy at a glance
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 Finance potential in relation to market advice, functional products, Sustainable, reach, solution leadership, and a
Slide 33: Strategy 2025 strategic dimensions with core initiatives
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 potentials
Slide 34: Sustainability ─ Key element of Sto’s DNA
Strategy 2025 Sustainability ─ Key element of Sto’s DNA Sustainability strategy Regulations / standards Product Information 34 Presentation for investors Date: 28/04/2022
Slide 35: Company objectives of our sustainability strategy
Strategy 2025 Company objectives of our sustainability strategy Environmental Transparency & Climate protection Circular economy Health & well-being protection social responsibility We are 100% climate We reduce waste at our We promote recycling We ensure the highest 100% suppliers have ne
Slide 36: 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 19 From page 37 From page 56 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 37: Presentation for investors
Presentation for investors Sto at a glance 3 From page 38 2021 Annual report Key financial From page 39 figures / Information Geschäftsbericht Information about2020 the Sto share about the Sto ab Seite From page51 53 share From page 37 Rounding of amounts may lead to minor deviations in totals and i
Slide 38: 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 = Intangibl
Slide 39: Presentation for investors
Presentation for investors Sto at a glance 3 From page 38 2021 Annual report Key financial From page 39 figures / Information Geschäftsbericht Information about2020 the Sto share about the Sto ab Seite From page51 53 share From page 37 Rounding of amounts may lead to minor deviations in totals and i
Slide 40: Sto Group 2021
Sto Group 2021 Earnings improved and earnings forecast significantly exceeded About the title image A long-lasting building is one that has been built the right way: with the help of professional tradespeople, using the optimum technologies and materials – and with functions that have been well thou
Slide 41: Sto Group financial figures 2021
Sto Group financial figures 2021 Summary Consolidated turnover up by 11.0 % to EUR 1,590.5 million in 2021. Considerable growth of 16.2 % outside of Germany, turnover in Germany increases by 4.9 %, mainly as a result of first-time consolidations. Improved earnings in spite of significant disru
Slide 42: Sto Group turnover
Sto Group turnover Continuous growth, best value to date In EUR million 1,600 1,590.5 1,400 1,433.0 1,398.2 1,332.4 1,277.4 1,200 1,000 800 600 2017 2018 2019 2020 2021 Information in accordance to IFRS 42 Presentation for investors Date: 28/04/2022
Slide 43: Sto Group turnover
Sto Group turnover Positive development in Germany, as well as outside Germany In EUR million In Germany Outside Germany 900 898.0 800 786.9 772.9 736.4 700 714.6 692.5 660.1 600 611.3 596.0 562.8 500 400 2017 2018 2019 2020 2021 Information in accordance to IFRS 43 Presentation for investors Date:
Slide 44: Development of EWIS market in Germany
Development of EWIS market in Germany Market volume in 2020 increased to 7-year high 50 39.6 40 36.6 36.1 34.9 33.6 33.9 34.3 35.1 33.3 Mio. m² 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: B+L Marktdaten GmbH: Quarterly Report Q3 2021 ETICS B+L Marktdaten GmbH retroactively update
Slide 45: Sto Group turnover: growth in all product groups
Sto Group turnover Growth in all product groups Facade systems Facade coatings Interior Other product groups In EUR million 248.0 230.6 247.9 211.5 354.6 322.1 668.9 740.0 2020 2021 45 Presentation for investors Date: 28/04/2022
Slide 46: Sto Group shares of insulation board sales
Sto Group shares of insulation board sales* as at 12/2020 as at 12/2021 3% 1% 3% 1% 25% 26% 71% 70% *only associates with ERP SAP, sales basis in m². 46 Presentation for investors Date: 28/04/2022
Slide 47: Shares of insulation board sales Sto SE & Co. KGaA
Shares of insulation board sales Sto SE & Co. KGaA as at 12/2020 as at 12/2021 1% 2% 5% 5% 32% 33% 62% 60% *Sales basis in m². 47 Presentation for investors Date: 28/04/2022
Slide 48: EBIT & EAT Sto Group
EBIT & EAT Sto Group Significant improvement in comparison to PY, best values to date in EUR million EBIT EAT 140 120 124.5 120.8 100 94.7 80 85.9 84.0 81.9 80.7 60 56.3 55.8 53.8 40 20 2017 2018 2019 2020 2021 Information in accordance to IFRS 48 Presentation for investors Date: 28/04/2022
Slide 49: Sto Group employees
Sto Group employees Moderate increase in 2021 In Germany Outside Germany Sto Group 3,500 6,000 6,000 3,000 3,127 3,000 2,943 2,887 2,884 2,500 2,590 2,570 2,545 2,446 2,424 2,000 2,000 5,500 5,500 5,697 1,500 5,545 5,533 1,000 5,333 5,308 500 0 5,000 5,000 31.12.2017 31.12.2018 31.12.2019 31.12.2020
Slide 50: Sto Group investments and depreciation/amortisation
Sto Group investments and depreciation/ amortisation Continual investments in further growth in EUR million Investments Depreciation/amortisation 50 46.9 45.5 40 41.9 41.7 35.3 33.3 33.2 32.7 30 32.1 20 31.3 10 0 2017 2018 2019 2020 2021 Information in accordance to IFRS; however, without effects fr
Slide 51: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 31/12/2021, strong equity base In EUR million 973,8 973,8 Non-current assets Equity capital 518.8 610.0 (Equity ratio 56.2%) Current assets 428.8 Non-current provisions and liabilities 210.9 Current provisions and liabilities Cash and
Slide 52: ROCE Sto Group
ROCE Sto Group ROCE in 2021 remains at a high level in % 25 20 19.7 18.9 15 16.1 15.6 14.0 10 5 0 2017 2018 2019 2020 2021 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 arithmetic average of
Slide 53: Presentation for investors
Presentation for investors Sto at a glance 3 From page 38 2021 Annual report Key financial From page 39 figures / Information Geschäftsbericht Information about2020 the Sto share about the Sto ab Seite From 51 page53 share From page 37 Rounding of amounts may lead to minor deviations in totals and i
Slide 54: Sto share: shareholder structure and dividend information
Sto share Shareholder structure and dividend information Shareholder structure 6% 37% 57% Information based on preference shares; * Dividend + bonus; ** Dividend yields based on the closing price of the corresponding year in each case; 2021: dividend proposal 54 Presentation for investors Date: 28/0
Slide 55: Sto share ─ Share price trend
Sto share ─ Share price trend Overall positive trend compared to the benchmark indices 210.00 190.00 170.00 150.00 130.00 110.00 90.00 70.00 50.00 30.00 55 Presentation for investors Date: 28/04/2022
Slide 56: 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 19 From page 37 From page 56 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 57: Outlook
Outlook Outlook for 2022 as a whole *without factoring in the impact of the Russia-Ukraine conflict It must be pointed out that the weather conditions, which are important for the Sto Group's business development, may have a significant impact on the development of turnover and earnings in the 2022
Slide 58: Objectives for 2025
Ausblick 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. 58 Presentation for investors Date: 28/04/2022
Slide 59: 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 59 Presentation for investors Date: 28/04/2022
Slide 60: Thank you for your interest!
Thank you for your interest! Sto SE & Co. KGaA Date: 28/04/2022 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 60
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