Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Q1 2024 Earnings Presentation
22 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's earnings presentation, May 8, 2024
Slide 1: Accelerating Momentum in (D)OoH
Accelerating Momentum in (D)OoH May 8, 2024 | Ströer SE & Co. KGaA
Slide 2: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 2
Slide 3: Results Q1 2024
Results Q1 2024 m€ Q1 2023 Q1 2024 ▲ Reported growth 409.9 453.4 +11% Revenues Organic growth(1) +7.3% +8.9% +1.6%pts EBITDA (adjusted) 97.2 108.4 +12% EBIT (adjusted) 26.1 34.7 +33% Net income (adjusted)(2) 8.9 12.5 +41% Free Cash Flow (adjusted) -14.5 -24.4 -68% Capex 31.4 19.4 -38% (1) Excluding
Slide 4: Q1 2024 Market Dynamics: (D)OoH still outperforming the Ad Market
Q1 2024 Market Dynamics: (D)OoH still outperforming the Ad Market German Ad Market with positive Momentum in the first three Months Global Points of Reference Local German Peers Ströer Group & Core Business Reported Net Revenues Reported Net Revenues German Alphabet (2) Desktop/Mobile (4) Ströer DOo
Slide 5: OoH Category structurally & constantly increases Market Shares
OoH Category structurally & constantly increases Market Shares Accelerating Momentum since the End of the Pandemic 240 Index Covid-19 pandemic OoH 220 200 180 160 Online 140 TV Total Radio 120 100 Print 80 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e Source: Nielsen Numbers (gross) 2
Slide 6: Robust Growth in the OoH Segment in Germany
Robust Growth in the OoH Segment in Germany Momentum for 2024 indicates 10% Market Share throughout 2025 OoH market share of the total advertising market in % 10 +171% 9.2 9 8.6 8 7.8 7.5 7.1 7.1 7.2 7.0 7 6.4 Corona 5.9 pandemie lockdowns 6 5.5 5.5 Financial and economic crisis 4.9 4.9 Meta / Googl
Slide 7: Market Projections indicate sustainable further Growth of (D)OoH
Market Projections indicate sustainable further Growth of (D)OoH Digitization and Programmatic (DOoH) Advertising as Key Levers 3200 3000 2800 2600 2400 2200 2000 1800 1600 1400 1200 1000 800 600 400 200 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 OoH
Slide 8: Exemplary KPIs for our DOoH Momentum (+30%) in Q1/2024
Exemplary KPIs for our DOoH Momentum (+30%) in Q1/2024 Consistent Development for the last nine Months and similar Outlook for Q2/2024 National advertiser segment Q1/2024 (vs. Q1/2023) Underlying value driver Constantly broader penetration Active advertisers (= net customer growth) +14% of the total
Slide 9: Strong Momentum in digital Sales (Online | DOoH)
Strong Momentum in digital Sales (Online | DOoH) Our Online Business in particular supports the DOoH Momentum Ströer Private Marketplace Online Sports Publishing Special forms of Online Advertising Marketable reach increased by +40%, New publisher with Sport1, whole +30 high impact formats for
Slide 10: Top Sports Events 2024 with potential Upsides
Top Sports Events 2024 with potential Upsides (i.e. June/July) In 2024, sports fans can expect one major event after another that offers potential in all our genres, including online, OoH and Public Video. 05/10 – 05/26/2024 06/14 – 07/14/2024 07/26 – 08/11/2024 12/15/2024 – 01/03/2025 Ice Hockey WC
Slide 11: A turning Point for Out of Home Media
A turning Point for Out of Home Media Out of a Niche and into a seamlessly integrated leading digital Medium Lead medium until 1990s: Lead medium until 2010s: Lead medium today: Print TV “Digital” Key OoH product Key OoH product Key OoH product Billboards Street furniture / scroller DOoH Normal camp
Slide 12: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 12
Slide 13: Profit and Loss Statement Q1 2024
Profit and Loss Statement Q1 2024 m€ Q1 2023 Q1 2024 ▲ Revenues 409.9 453.4 +11% Organic growth +7.3% +8.9% +1.6%pts EBITDA (adjusted) 97.2 108.4 +12% Exceptional items -2.8 -4.7 -66% EBITDA 94.4 103.8 +10% Depreciation & Amortization(1) -76.0 -76.9 -1% EBIT 18.3 26.9 +47% Financial result(1) -13.6
Slide 14: Free Cash Flow Perspective Q1 2024
Free Cash Flow Perspective Q1 2024 m€ Q1 2023 Q1 2024 Comment EBITDA (adjusted) 97.2 108.4 Q1 cash flow influenced by seasonality - Exceptional items -2.8 -4.7 Higher earnings contribution contrasted by working capital EBITDA 94.4 103.8 development and a decrease in others, resulting in a lower
Slide 15: Segment Perspective – OoH Media
Segment Perspective – OoH Media m€ Q1 2023 Q1 2024 ▲ Segment revenue, thereof 157.2 181.9 +15.7% Classic OoH 94.2 106.3 +12.8% Digital OoH 49.2 63.8 +29.6% OoH Services 13.8 11.8 -14.4% EBITDA (adjusted) 58.9 73.1 +24.2% EBITDA margin (adjusted) 37.5% 40.2% +2.7%pts Comment OoH Media with signific
Slide 16: Segment Perspective – Digital & Dialog Media
Segment Perspective – Digital & Dialog Media m€ Q1 2023 Q1 2024 ▲ Segment revenue, thereof 179.8 203.4 +13.1% Digital 85.0 95.8 +12.8% Dialog 94.9 107.5 +13.3% EBITDA (adjusted) 33.0 31.2 -5.3% EBITDA margin (adjusted) 18.3% 15.4% -3.0%pts Comment Digital with ongoing double-digit revenue growth e
Slide 17: Segment Perspective – DaaS & E-Commerce
Segment Perspective – DaaS & E-Commerce m€ Q1 2023 Q1 2024 ▲ Segment revenue, thereof 87.8 92.0 +4.7% Data as a Service 38.5 40.1 +4.1% E-Commerce 49.3 51.9 +5.2% EBITDA (adjusted) 12.4 12.2 -1.3% EBITDA margin (adjusted) 14.1% 13.3% -0.8%pts Comment Statista: Sales growth driven by platform busin
Slide 18: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 18
Slide 19: Q2 2024 – Outlook
Q2 2024 – Outlook For Q2 2024, we expect organic revenue and earnings development for the Group 1-2%-points above Q1 level Organic OoH momentum for Q2 broadly in line with Q1 (~15-17%) with a potential smaller acceleration depending on UEFA Euro 2024 revenues Digital & Dialog with similar doub
Slide 20: Financial Calendar 2024
Financial Calendar 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 March Publication of Preliminary November 13 Figures 2024 August 8 Publication of May 8 Publication of Half-Yearly Q3 Quarterly Statement Publication of Financial Report Q1 Quarterly Statement June 11 Annual Shareholder Meeting 20
Slide 21: OOH+
Slide 22: Disclaimer
Disclaimer This presentation contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and futur