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 2023 Earnings Presentation
20 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's earnings presentation, May 11, 2023
Slide 1: Structural Growth | Premium Assets | Sustainable Products
Structural Growth | Premium Assets | Sustainable Products May 11, 2023 | Ströer SE & Co. KGaA
Slide 2: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 2
Slide 3: Results Q1 2023
Results Q1 2023 m€ Q1 2022 Q1 2023 ▲ Reported growth 385.0 409.9 +6% Revenues Organic growth(1) +24.1% +7.3% -16.8%pts EBITDA (adjusted) 94.6 97.2 +3% EBIT (adjusted) 30.6 26.1 -15% Net income (adjusted)(2) 19.0 8.9 -53% Operating Cash Flow 31.6 52.6 +67% Capex 33.8 31.4 -7% (1) Excluding exchange r
Slide 4: Q1 2023 Market Dynamics: OoH again outperforming the Ad Market
Q1 2023 Market Dynamics: OoH again outperforming the Ad Market Further, substantial Market Share Gains in declining Market Global Points of Reference Local German Peers Ströer Group & Core Business German Alphabet (1) Desktop/Mobile (3) Ströer DOoH Ad Market (3) +3% -7% -5% +17% Youtube (1) TV Germa
Slide 5: OoH Category structurally increases Market Shares compared to other Categories
OoH Category structurally increases Market Shares compared to other Categories 200 Covid-19 Index pandemic 180 160 140 120 100 80 60 40 20 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TV Radio OoH Online Cinema Print Source: Nielsen Numbers (gross) 2013 – 2022 (without Direct Mail) 5
Slide 6: Growth driven by Digital Out-of-Home (DOoH)
Growth driven by Digital Out-of-Home (DOoH) Revenue 2019 – 2022 Revenue Q1 2022 – Q1 2023 Statutory Net Sales (SNS) m€ Statutory Net Sales (SNS) m€ CAGR +17% +12% 49 234 174 167 140 42 2019 2020 2021 2022 Q1 2022 Q1 2023 6
Slide 7: Reasons for Success
Reasons for Success Programmatic PV Emission Efficiency 7
Slide 8: Tech Enhancements improve Flexibility of Programmatic Public Video
Tech Enhancements improve Flexibility of Programmatic Public Video TV convergence targeting Buyers via Google DV360 can Convergence product PV Public Video Planner buy PV Roadside, PV Giant MaxScreen Retargeting Depending on the gross Handling of static creatives in the Geographically concerted deli
Slide 9: Most emission efficient Media Offerings
Most emission efficient Media Offerings CO2 emissions for 1,000 contacts in grams TV linear 828 ATV 921 / 948 Radio 69 Magzines 9,851 Newspapers | Nordic* 8,168 Online | Display 372 / 396 Online | Video 688 / 716 Online | Audio 20 DOOH <9qm 5 / 57 DOOH <2qm 6 / 69 OOH | ML 51 OOH | CLP 36 OOH | Bill
Slide 10: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 10
Slide 11: Profit and Loss Statement Q1 2023
Profit and Loss Statement Q1 2023 m€ Q1 2022 Q1 2023 ▲ Revenues 385.0 409.9 +6% Organic growth +24.1% +7.3% -16.8%pts EBITDA (adjusted) 94.6 97.2 +3% Exceptional items -3.3 -2.8 +15% EBITDA 91.3 94.4 +3% Depreciation & Amortization(1) -70.9 -76.0 -7% EBIT 20.4 18.3 -10% Financial result(1) -6.0 -13.
Slide 12: Free Cash Flow Perspective Q1 2023
Free Cash Flow Perspective Q1 2023 m€ Q1 2022 Q1 2023 Comment EBITDA (adjusted) 94.6 97.2 Q1 with soft Cash Flow due to seasonality - Exceptional items -3.3 -2.8 Operating Cash Flow improved due to better WC position EBITDA 91.3 94.4 and despite higher interest and tax payments Slightly lower
Slide 13: Segment Perspective – OoH Media
Segment Perspective – OoH Media m€ Q1 2022 Q1 2023 ▲ Segment revenue, thereof 151.9 157.2 +3.5% Classic OoH 95.6 94.2 -1.4% Digital OoH 42.2 49.2 +16.5% OoH Services 14.1 13.8 -2.2% EBITDA (adjusted) 59.0 58.9 -0.1% EBITDA margin (adjusted) 38.8% 37.5% -1.4%pts Comment OoH Media with sustained rev
Slide 14: Segment Perspective – Digital & Dialog Media
Segment Perspective – Digital & Dialog Media m€ Q1 2022 Q1 2023 ▲ Segment revenue, thereof 170.3 179.8 +5.6% Digital 88.7 85.0 -4.2% Dialog 81.6 94.9 +16.2% EBITDA (adjusted) 37.4 33.0 -11.9% EBITDA margin (adjusted) 22.0% 18.3% -3.6%pts Comment Digital (online advertising and content publishing)
Slide 15: Segment Perspective – DaaS & E-Commerce
Segment Perspective – DaaS & E-Commerce m€ Q1 2022 Q1 2023 ▲ Segment revenue, thereof 71.0 87.8 +23.7% Data as a Service 34.1 38.5 +12.9% E-Commerce 36.9 49.3 +33.7% EBITDA (adjusted) 5.9 12.4 >+100% EBITDA margin (adjusted) 8.4% 14.1% +5.7%pts Comment Segment with dynamic growth especially in E-C
Slide 16: Agenda
Agenda Group Update 1 Financials 2 Outlook 3 16
Slide 17: Q2 2023 – Outlook
Q2 2023 – Outlook For the second quarter 2023, the Group expects organic revenue and earnings development in line with Q1 In parallel, we expect to further substantially outperform a still challenging German ad market The second half of the year should benefit from lower comparables, assuming
Slide 18: Financial Calendar 2023
Financial Calendar 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 May Publication of March Q1 Quarterly Statement Publication of Preliminary November 9th Figures 2023 July 5th Publication of March AGM Q3 Quarterly Statement May 11th Annual Financial Report Publication of August 9th Q1 Quarterly Statem
Slide 19: OOH+
Slide 20: 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