Slide 1: Results Presentation
Results Presentation For the six months ended 30 September 2020 10 November 2020
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 • Introduction and highlights • Financial and business review • Development update • Enabling energy transition • Summary and Q&A 2 DCC Results Presentation – 10 November 2020
Slide 4: Introduction and highlights
Introduction and highlights • Very robust performance, despite the uncertain trading environment caused by the pandemic • Strong growth in operating profit in seasonally less significant first half • Reflects diverse, agile and resilient business model and essential products and services • Excellent
Slide 5: Divisional results
Divisional results For the six months ended 30 September 2020 % ccy £’m 2020 2019 % change change By Division Adjusted operating profit1 23% LPG 26% DCC LPG 45.6 49.0 -7.1% -7.4% Retail & Oil DCC Retail & Oil 65.2 59.7 +9.2% +10.1% 14% Technology 37% Healthcare DCC Technology 25.5 25.4 +0.7% +1.0% D
Slide 6: Divisional highlights
Divisional highlights For the six months ended 30 September 2020 • Traded robustly given difficult operating conditions, first half weighting to DCC LPG commercial and industrial volumes and warmer weather conditions • Continued good development activity during the period • Very strong organic profi
Slide 7: Financial & business review
Financial & business review Kevin Lucey Chief Financial Officer
Slide 8: Financial summary
Financial summary For the six months ended 30 September 2020 £’m 2020 2019 % change Revenue 5,931 7,312 -18.9% Group adjusted operating profit1 176.1 162.6 +8.3% Finance costs (net) and other (30.2) (26.7) Profit before net exceptionals, 145.9 135.9 +7.3% amortisation of intangible assets and tax Ad
Slide 9: DCC LPG
DCC LPG Volumes 2020 2019 % change 11% Britain 16% Volume (‘000 tonnes) 726.3 798.5 -9.0% Ireland 10% Operating profit (£’m) 45.6 49.0 -7.1% Cont. Europe Operating profit per tonne £62.7 £61.4 RoW 63% Robust performance given difficult trading conditions in seasonally less significant first half of
Slide 10: DCC Retail & Oil
DCC Retail & Oil Volumes 2020 2019 % change Volume (bn litres) 4.876 5.930 -17.8% Britain 44% Operating profit (£’m) 65.2 59.7 +9.2% 50% Ireland Operating profit per litre 1.34ppl 1.01ppl Cont. Europe 6% Excellent trading performance with strong growth in operating profit • Organic operating profit
Slide 11: DCC Technology
DCC Technology Revenue by geography 2020 2019 % change 14% Revenue (£’m) 1,969 1,795 +9.7% UK&I Operating profit (£’m) 25.5 25.4 +0.7% 21% Cont. Europe 65% RoW Operating margin 1.3% 1.4% Very resilient performance, business recovered through period to deliver modest profit growth • Revenue growth dr
Slide 12: DCC Healthcare
DCC Healthcare Revenue by business 2020 2019 % change Revenue1 (£’m) 322.0 258.7 +24.5% DCC Vital 45% Operating profit1 (£’m) 39.8 24.0 +65.9% 55% DCC H&B Solutions Operating margin1 12.4% 9.3% 1The commentary below relates to the activities of DCC Healthcare excluding its UK generic pharmaceutical
Slide 13: Development update
Development update Donal Murphy Chief Executive
Slide 14: Development update
Development update Active period of development – c. £90m committed to acquisitions • Completed the acquisition of NES Group in September 2020, DCC LPG’s second DCC LPG material bolt-on acquisition in the US – initial entry in the north east region of the US • Completed a number of small bolt-ons in
Slide 15: Enabling energy transition
Enabling energy transition Donal Murphy Chief Executive
Slide 16: Webcast – 18th November 2020
Webcast – 18th November 2020 • Registration at www.dcc.ie • Event begins at 2.00pm (GMT) • Broadcast, with Q&A for sell-side analysts • We will cover: • Group purpose, strategy and energy position • DCC’s opportunity in enabling energy transition • How our business is growing and evolving its produc
Slide 17: Summary and Q&A
Summary and Q&A Donal Murphy Chief Executive
Slide 18: Summary & outlook
Summary & outlook • Strong performance during seasonally less significant first half, despite difficult and uncertain trading environment • Excellent cash flow performance – Group balance sheet remains extremely strong • Acquisition activity continues – DCC remains very active from a development per
Slide 19: Strategy continues to deliver
Strategy continues to deliver 26 year CAGR Operating profit (£m)1 26 year CAGR1 EPS (pence) 14.5% 12.1% 358 363 494 317 461 287 383 243 345 202 285 183 164 165 151 208 129 133 176 189 155 170 104 131 139 86 67 69 73 46 49 54 61 62 68 78 97 34 37 46 52 59 15 16 1919 20 26 32 37 17 19 22 27 28 1994 20