Slide 1: Results & Update Presentation
Results & Update Presentation For the six months ended 30 September 2021 9 November 2021
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 Highlights of H1 FY22 03 Business and financial review 06 Development review 10 Leading energy transition 12 Summary, outlook and Q&A 22 Appendix 25 2 DCC Results Presentation – 9 November 2021
Slide 4: Highlights
Highlights For the six months ended 30 September 2021 Donal Murphy Chief Executive
Slide 5: H1 FY22 highlights
H1 FY22 highlights Strong trading performance with very good organic growth Operating profit growth + Adj. operating profit up 11.2% to £195.8m across each division + Strong growth in seasonally less significant first half of year + Reflects resilient business model, given volatile macro backdrop Co
Slide 6: DCC's purpose: Enabling our stakeholders to grow and progress
DCC’s purpose: Enabling our stakeholders to grow and progress Customers Employees Investors Communities Government & Suppliers & Environment & Regulators • Developed new • Launched annual • Raised dividend • Supported athletes • Engaged with innovative solutions Group-wide by 7.5% to compete in rece
Slide 7: Business & financial review
Business & financial review Kevin Lucey Chief Financial Officer
Slide 8: Financial highlights
Financial highlights For the six months ended 30 September 2021 £ 2021 2020 % change Revenue 7.518bn 5.931bn +26.8% Group adjusted operating profit1 195.8m 176.1m +11.2% Adjusted EPS1 134.2 pence 117.9 pence +13.8% Interim dividend per share 55.85 pence 51.95 pence +7.5% Working capital days (0.5) d
Slide 9: Divisional results
Divisional results For the six months ended 30 September 2021 £’m 2021 2020 % change % change CC Adj. Operating Profit by Division Adjusted operating profit1 DCC LPG 48.4 45.6 +6.2% +9.6% 14% 25% DCC Retail & Oil 70.0 65.2 +7.4% +9.5% 26% DCC Healthcare 50.2 39.8 +26.0% +29.8% DCC Technology 27.2 25
Slide 10: Divisional highlights
Divisional highlights For the six months ended 30 September 2021 DCC LPG DCC Retail & Oil • Very strong operating profit growth • Very strong operating profit growth +9.5%*, almost all organic +9.6%*, more than half organic • Commercial, industrial and transport • Sustained increase in cost of produ
Slide 11: Development review
Development review Donal Murphy Chief Executive
Slide 12: Acquisition and organic development
Acquisition and organic development Further expansion Bolt-on acquisitions Continued organic in energy solutions across each division development • Naturgy Ireland • Bolt-ons in LPG in US • Investment in capability acquisition, supplier of and Germany/Austria in H&BS, incl. gummy renewable power, ga
Slide 13: Leading energy transition
Leading energy transition Donal Murphy Chief Executive
Slide 14: Leading Energy Transition – Bringing solutions to energy customers
Leading Energy Transition – Bringing solutions to energy customers Customer Multi-energy Key Market Remaining focus solutions partnerships agility disciplined • We leverage our • We deliver real, • As a distributor, • There is no one- • An experienced long-term customer practicable we are the size-f
Slide 15: Leading energy users through complex decarbonisation challenges
Leading energy users through complex decarbonisation challenges Commercial and Domestic customers Mobility customers industrial customers • Experiencing increased net • Hard to abate, off-grid with • Providing lower carbon fuels zero commitments and considerable inertia and energies across retail &
Slide 16: Renewable solution for domestic heating
Case study 1: Residential heating solution in the UK Renewable solution for domestic heating CO2e reduction for our customer: c.85% • Our UK fuels business launched a biofuel offer for domestic off-grid heating customers this winter • Biofuel is an elegant solution for customers - especially for les
Slide 17: 100% Biopropane customer offer
Case study 2: Residential heating solution in France 100% Biopropane customer offer CO2e reduction for our customer: c.60% • A tailored solution for the environmentally- conscious French consumer, particularly in colder Northern regions • We offer biopropane through our partnership with TotalEnergie
Slide 18: Commercial solar solution in action
C&I solution “We had confidence in our partners. We spoke the same language.” Alain Vallée, Managing Director of the Super U at Craon Case study 3: Commercial energy solution in France Commercial solar • In France, following our recent acquisition, DCC installs solar arrays on the roof or on the gro
Slide 19: Energy management for commercial property
C&I solution Case study 4: Commercial power solution in France Energy management • DCC’s commercial electricity business in France has started a company to provide a full energy efficiency, green electricity and energy for commercial management solution for owners of multi-unit commercial buildings
Slide 20: Lowest carbon solution for biomethane
C&I “Gas to grid injection is a comprehensive renewable energy solution, so we needed to find a way solution to generate our own reliable, power supply whilst keeping costs down. We also wanted to make sure we were using a low carbon fuel, minimising our impact on the environment. That’s why we deci
Slide 21: Accelerating EVs on our French motorway network
"We are very proud that Certas Energy France has partnered with us to accelerate the Mobility solution deployment of charging stations for electric vehicles on the French motorway network.” Yann Rolland, CEO of ENGIE Solutions Case study 6: Mobility network solution in France Accelerating EVs • Exp
Slide 22: Improving our own environmental sustainability
Improving our own environmental sustainability Some key highlights Energy Group-wide Increased the supply of 74% of all invoices sent to biofuel for our own fleet in customers are transmitted the UK in digital form Healthcare Technology Our manufacturing facility 6,000 sqm solar array in Wales is no
Slide 23: Summary, outlook and Q&A
Summary, outlook and Q&A Donal Murphy Chief Executive
Slide 24: Summary & outlook
Summary & outlook Strong growth in first Sustainability & Continuing to half energy transition develop the Group All divisions achieving Progress against our key Investing in organic good growth in operating sustainability measures growth opportunities profit Delivering energy Active acquisition Con
Slide 25: Strategy continues to deliver
Strategy continues to deliver 27 year CAGR1 27 year CAGR Operating profit (£m)1 EPS (pence) 14.2% 530 11.9% 387 494 461 358 363 318 304 383 345 257 285 209 191 173 171 208 158 176 189 140 142 155 170 139 116 131 98 85 97 74 78 62 68 78 58 65 49 54 61 42 50 32 37 46 30 31 38 15 16 19 20 26 19 22 26 1
Slide 26: Appendix
Appendix Re cee
Slide 27: DCC LPG
DCC LPG 2021 2020 % change % change CC Volumes Cont. Europe 11% Volume (‘000 tonnes) 918.4 726.3 +26.4% Britain 13% RoW Operating profit (£’m) 48.4 45.6 +6.2% +9.6% Ireland 16% 60% Operating profit per tonne £52.67 £62.72 Strong growth with significant increase in volumes • Strong CC operating profi
Slide 28: DCC Retail & Oil
DCC Retail & Oil 2021 2020 % change % change CC Volumes Cont. Europe 8% Volume (bn litres) 5.681 4.876 +16.5% Britain Ireland 47% Operating profit (£’m) 70.0 65.2 +7.4% +9.5% 45% Operating profit per litre 1.23ppl 1.34ppl Volume recovery and very strong operating performance • Operating profit incre
Slide 29: DCC Healthcare
DCC Healthcare 2021 2020 % change % change CC Revenue by business Revenue (£’m) 384.2 322.0 +19.3% +22.9% DCC Vital DCC H&BS 47% 53% Operating profit (£’m) 50.2 39.8 +26.0% +29.8% Operating margin 13.1% 12.4% Another excellent performance with CC operating profit growth of 29.8% DCC Vital: • Excelle
Slide 30: DCC Technology
DCC Technology 2021 2020 % change % change CC Revenue by geography UK&I Revenue (£’bn) 1.985 1.969 +0.8% +3.7% Cont. Europe 19% RoW Operating profit (£’m) 27.2 25.5 +6.5% +19.0% 24% 57% Operating margin 1.4% 1.3% Good CC operating profit growth of 19.0% • Good growth despite the well-documented glob