Slide 1: Invest in What the World Needs
INVEST IN WHAT THE WORLD NEEDS RESULTS PRESENTATION – FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 14 NOV 2023
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any shares or other securities of DCC plc (“DCC”). This presentation contains some forward-looking statements that represent DCC’s expectations for its business, based on cu
Slide 3: Agenda
AGENDA 1 Highlights H1 FY24 2 Performance Review H1 FY24 3 We Invest in What the World Needs 4 Outlook, Summary & Q&A 5 Appendix RESULTS PRESENTATION 14 NOV 2023 3
Slide 4: Highlights H1 FY24
RESULTS PRESENTATION 30 SEPTEMBER 2023 DONAL MURPHY HIGHLIGHTS H1 FY24 RESULTS PRESENTATION 14 NOV 2023 4
Slide 5: Strong growth in operating profit, excellent acquisition activity
RESULTS PRESENTATION 30 SEPTEMBER 2023 STRONG GROWTH IN OPERATING PROFIT, EXCELLENT ACQUISITION ACTIVITY RESULTS PRESENTATION 14 NOV 2023 5
Slide 6: Highlights H1 FY24
HIGHLIGHTS H1 FY24 FINANCIAL PERFORMANCE DEVELOPMENT ACTIVITY THE WORLD NEEDS PROGRESS FOR ALL STRONG GROWTH IN ADJUSTED £310M COMMITTED IN DCC ENERGY WE LOOK AHEAD: EMBEDDING OPERATING PROFIT TO VALUE-CREATING ACQUISITIONS STRATEGY AND SUSTAINABILITY – Group adjusted operating profit up 12.0% to –
Slide 7: Performance Review H1 FY24
RESULTS PRESENTATION 30 SEPTEMBER 2023 KEVIN LUCEY PERFORMANCE REVIEW H1 FY24 RESULTS PRESENTATION 14 NOV 2023 7
Slide 8: Financial Highlights for the Six Months Ended 30 September 2023
FINANCIAL HIGHLIGHTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 % % £’m 2023 2022 change change CC Revenue (billion) 9.6bn 10.8bn -11.3% -11.1% Group adjusted operating profit1 247.6 221.2 +12.0% +12.2% Adjusted EPS1 (pence) 149.3 146.4 +1.9% +2.3% Interim dividend per share (pence) 63.04 60.04 +5.0
Slide 9: Divisional Results for the Six Months Ended 30 September 2023
DIVISIONAL RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 % % £’m 2023 2022 change change CC Adjusted operating profit by division Adjusted operating profit1 DCC Technology DCC Energy 170.6 132.5 +28.9% +28.9% 16% DCC Healthcare 38.3 43.2 -11.3% -12.0% 15% DCC Healthcare DCC Technology 38.7 45.5
Slide 10: DCC Energy Performance Summary
DCC ENERGY PERFORMANCE SUMMARY Excellent organic performance in H1 % % 2023 2022 change change CC – Operating profit up 28.9% (28.9% cc). Strong growth Volume1 (bn litres equivalent) 7.184 7.197 -0.2% across both Solutions and Mobility. Gross profit (£’m) 764.4 667.1 +14.6% +14.6% – Organic growth 2
Slide 11: DCC Healthcare Performance Summary
DCC HEALTHCARE PERFORMANCE SUMMARY Strong profit growth in DCC Vital; continued difficult market % % for DCC Health & Beauty Solutions 2023 2022 change change CC Revenue (£’m) 420.5 377.7 +11.3% +10.9% – Operating profit down 11.3% (12.0% cc) and 28.3% organically due to challenging market condition
Slide 12: DCC Technology Performance Summary
DCC TECHNOLOGY PERFORMANCE SUMMARY Operating profit decline, maintaining market share % % 2023 2022 change change CC – Operating profit declined by 15.0% (13.4% organic cc). Revenue (£’bn) 2.294 2.541 -9.7% -9.1% – Revenue declined 9.7% LFL. As expected, there was lower Gross profit (£’m) 288.6 296.
Slide 13: We Invest in What the World Needs
RESULTS PRESENTATION 30 SEPTEMBER 2023 DONAL MURPHY WE INVEST IN WHAT THE WORLD NEEDS RESULTS PRESENTATION 14 NOV 2023 13
Slide 14: A Strategy Fit for the Future
A STRATEGY FIT FOR THE FUTURE WE MAKE FUTURE FOCUSED WE GROW FUTURE FOCUSED WE CREATE FUTURE VALUE AND DECISIONS BUSINESSES HIGH RETURNS FOR EVERYONE BASED ON GROWTH TRENDS AND THIS ENABLES PEOPLE AND THROUGH CAPITAL ALLOCATION POTENTIAL THAT SUPPORT BUSINESSES TO GROW AND AND OPTIMISATION OF BUSINE
Slide 15: DCC in Action: Progress Made in H1 FY24
DCC IN ACTION PROGRESS MADE IN H1 FY24 DCC ENERGY DCC HEALTHCARE DCC TECHNOLOGY • ‘Insights Day’: double profit and half • DCC Health & Beauty Solutions • Delivering results from project to improve carbon ambition by 2030 efficiency: consolidated two US facilities operations in our high-volume UK In
Slide 16: The World Needs Cleaner Energy for Everyone
THE WORLD NEEDS CLEANER ENERGY FOR EVERYONE OUR 2030 VISION - DOUBLE PROFIT AND HALF CARBON Leader in bio Solar installation REDUCE BUILD LPG transition fuel the carbon intensity a leading electron- Energy Management Full service, brand, Minimise high carbon of essential liquid based energy mgmt. fi
Slide 17: DCC Energy's 2030 Vision Sees EBIT Double by 2030
DCC ENERGY’S 2030 VISION SEES EBIT DOUBLE BY 2030 COMPARED TO FY22 EBIT BRIDGE (FY22A-FY30), £M(2) c. 830 EBIT growth EBIT growth in SRO c. 100 Managed decline in oil H1 FY24 organic progress: 48m litres HVO sold in H1 v 27m litres in same period in PY H1 FY24 progress: c. 110 Two LPG acquisitions:
Slide 18: Outlook, Summary and Q&A
RESULTS PRESENTATION 30 SEPTEMBER 2023 DONAL MURPHY OUTLOOK, SUMMARY AND Q&A RESULTS PRESENTATION 14 NOV 2023 18
Slide 19: Outlook FY24 and Summary
RESULTS PRESENTATION 30 SEPTEMBER 2023 OUTLOOK FY24 DCC continues to expect that the year ending 31 March 2024 will be another year of operating profit growth in line with expectations, and continued development activity. TO SUMMARISE • Strong growth in operating profit in seasonally less significan
Slide 20: Appendix
RESULTS PRESENTATION 30 SEPTEMBER 2023 APPENDIX RESULTS PRESENTATION 14 NOV 2023 20
Slide 21: Financial Summary for the Six Months Ended 30 September 2023
FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 Volumes/ Operating Operating Organic Operating revenue Gross profit costs profit profit YoY margin DCC Energy 7.2bn1 £764.4m £593.8m £170.6m +21.1% 2.38ppl2 DCC Healthcare £420.5m £130.8m £92.5m £38.3m -28.3% 9.1% DCC Technology £2.294bn £
Slide 22: Other Financial Considerations Regarding FY24 Outlook
OTHER FINANCIAL CONSIDERATIONS REGARDING FY24 OUTLOOK (AS AT 14 NOVEMBER 2023) FX translation impact on adj. operating profit c.-1% Net finance costs c.£100m Effective tax rate c.20.3% Minority interest c.£14m No. of shares outstanding 98,770,227 RESULTS PRESENTATION 14 NOV 2023 22
Slide 23: DCC Energy
DCC ENERGY Direct customers* Employees Countries Operating profit by business 1.7m 8,200 13 Revenue Operating profit Volume (litres1) Energy Solutions 39% Energy Mobility £6.9bn £170.6m 7.2bn 61% Scope 3 Carbon intensity Biogenic content +1.0% in CO2e 72.6kgCO2e/GJ 7.3% of all GJ supplied Energy Sol
Slide 24: DCC Energy: Energy Solutions and Energy Mobility
DCC ENERGY Energy Solutions (61% of DCC Energy EBITA) Energy Mobility (39% of DCC Energy EBITA) Operating profit mix Operating profit mix Traditional (>65kgCO2e/GJ)2 8% Services, Renewables and Other (≤10kgCO2e/GJ)2 45% 45% Lower Carbon (≤65kgCO2e/GJ)2 55% Traditional Services, Renewables (>65kgCO2e