Slide 1: ODDO BHF NEXTCAP Forum – 2 June 2022
A European leader in the distribution of specialty steels ODDO BHF NEXTCAP FORUM – 2 June 2022
Slide 2: Positioning
Positioning Commodities steel market 94% Specialty steel market 6% Typology: Typology: Large volume Targeted application “Volumes” strategy “Margin” strategy Players: Players: 1.95Bn Aperam Amari Metal tons Kloeckner Ta Chen International JACQUET METALS 2
Slide 3: Added value
Added value Suppliers JACQUET METALS Clients 20 specialty steels producers Purchasing prices 60,000 customers ± 50% of purchases Storage of specialty steels Average invoice < €3,000 Delivery time from 2 to 12 months Managing price fluctuations Delivery time ± 1 week Services & Logistics 3
Slide 4: 3 divisions
3 divisions Sales breakdown* JACQUET STAPPERT IMS group Asia & others 7% Germany 12% Germany 47% Outside Germany 41% Other Europe 1% Europe 23% France 8% Spain 11% €500m €700m €1,100m The Netherlands Outside 8% France 6% Europe 1% France 11% Italy 6% Other Other Europe The Netherlands 11% Spain 6% E
Slide 5: Sectors
Sectors Stainless steel Engineering steel JACQUET STAPPERT IMS group Quarto plates Long products Chemistry Fabricated metal products Agri-food industry Machinery & equipment Gas treatment and storage Transportation Pharmaceutical industry Energy (wind turbines, etc.) Environment Energy 5
Slide 6: Specialty steels
Specialty steels 6
Slide 7: Group overview
Group overview Sales LTM : €2.2Bn 2,951 employees - 105 distribution centres - 24 countries Worldwide footprint Sales breakdown Outside Europe 2% Germany 38% Other Europe 25% France 9% North America 5% The Netherlands 7% Italy 7% Spain 7% Q1.22 sales breakdown 7
Slide 8: Main development markets
Main development markets North America Germany Italy United Kingdom Asia 8
Slide 9: Acquisition of Fidelity PAC Metals in early May 2022
Acquisition of Fidelity PAC Metals in early May 2022 9
Slide 10: Global situation
Global situation Q1 2022 market conditions Well oriented demand and increase in volume sold +8.9% vs Q1 2021 Increase in raw materials prices and sale prices +53.7% vs Q1 2021 +14.5% compared to Q4 2021 Q1 2022 Sales €724m / +63% vs Q1 2021 Operating WC 29% of sales vs 26% at 2021 year-end EBITDA €1
Slide 11: Q1.22 metrics (1/2)
Q1.22 metrics (1/2) Activity & results Sales JACQUET: +67.1% / €158m +63% STAPPERT: +56.0% / €225m IMS group: +64.8% / €346m In €m 53.7% y.o.y. 8.9% Sequential Covid basis +7.8% +9.3% +12.6% +7.1% +14.5% 41.6% 53.7% 47.3% 24.8% 37.2% 14.4% T1 21 T2 21 T3 21 T4 21 T1 22 6.6% 8.9% y.o.y. 15.2% 1.2% Q1
Slide 12: Q1.22 metrics (2/2)
Q1.22 metrics (2/2) Solid financial position Operating cash flow +€2m Gearing 33% In €m Non-current assets Operating cash flow (incl. goodwill €67m 236 +€2m and real estate €106m) In €m 562 Shareholders’ equity Net operating WCR (of which inventories €656m) 642 186 Net debt Provisions, provisions fo
Slide 13: Environmental
Environmental Carbon footprint: the energy consumption of the Group’s distribution centers (scopes 1 & 2) accounts for 0.8% of the total emissions Drachten, The Netherlands Scopes 1 & 2: promotion of renewable energy / solar panels > 6,000 sqm between 2018 and 2021 > 3,000 sqm planned in 2022 Circul
Slide 14: Social
Social Skills development, training and internships: 26% of employees received training in 2021 average number of hours of training per trained employee 2021 17 2020 12 Health and safety at work: deployment of a training policy and appropriate preventive measures Drachten, The Netherlands 2021 Frequ
Slide 15: Governance
Governance Board of Directors with: - Chairman & Chief Executive Officer - Deputy Chief Executive Officer - Appointment and Compensation Committee - Audit and Risk Committee Drachten, The Netherlands Composition of the Board of Directors and its committees: - 80% of its members are independent - 40%
Slide 16: Appendices
Appendices
Slide 17: Stock market and shareholder structure
Stock market and shareholder structure Stock market information Shareholder structure at 31.03.2022 % capital (% voting rights) Éric Jacquet and JSA (which is controlled by Éric Jacquet) held 31.03.2022 42.08% of the share capital and 59.03% of the voting rights. 3 months Number of shares at end of
Slide 18: Income statement
Income statement €m Q1.21 Q1.22 Sales 445 724 Gross margin 116 200 in % of sales 26.1% 27.6% Current operating expenses (82) (98) Net depreciation and amortization (9) (9) Net provisions 1 (3) Gain on disposals of non-current assets (0) 0 Operating income 27 90 Net financial expense (4) (3) Income b
Slide 19: Balance sheet
Balance sheet €m 31.12.21 31.03.22 Goodwill 66 67 Net non-current assets 168 170 Right-of-use assets 63 65 Net inventory 588 656 Net trade receivables 209 347 Other assets 121 129 Cash 246 249 Total assets 1,460 1,682 Shareholders’ equity 495 562 Provisions (incl. provisions for employee benefit obl
Slide 20: Borrowings as of March 31st, 2022
Borrowings as of March 31st, 2022 Financial positions The Group had €249m in cash and €745m in lines of credit, 58% of which had been used Authorized at Used at In €m % Used 31.03.2022 31.03.2022 Syndicated revolving loan 2024 125 - 0% Schuldscheindarlehen 2024-2025 70 70 100% Schuldscheindarlehen 2
Slide 21: Euronext Paris ISIN: FR0000033904
Euronext Paris ISIN : FR0000033904