Jacquet Metals Sa · EURONEXT:JCQ
Jacquet Metals Sa — Portzamparc Annual Conference Mid & Small Caps 2025
21 slides from Jacquet Metals Sa's conference presentation, Jun 18, 2025
Slide 1: A major player in the distribution of special metals
A major player in the distribution of special metals PORTZAMPARC ANNUAL CONFERENCE MID & SMALL CAPS – June 18th, 2025
Slide 2: A major player in the distribution of special metals
Annexes 1. A major player in the distribution of special metals
Slide 3: Group overview
Group overview Sales: €2bn 3,416 employees - 123 distribution centers - 24 countries Worldwide footprint Sales breakdown * North America 8% Germany 32% Outside Europe 2% France 10% Other Europe 26% Italy 8% The Netherlands 7% Spain 7% * As of March 31, 2025 3
Slide 4: 3 divisions
3 divisions Sales breakdown * JACQUET STAPPERT IMS group Outside Europe 6% Germany 38% Outside Germany 42% North America Europe 2% Outside Other 33% Europe Europe 23% 1% €500m €500m Other €1,000m Europe Spain 6% 17% France 14% Germany Other France 6% Italy 8% Europe 45% 8% The Netherlands The Nether
Slide 5: Environmental responsibility
Environmental responsibility Carbon footprint Drachten, The Netherlands Recycling and circular economy 75% of Group’s supplies come from recycled metals Systematic recovery and recycling of metal scraps and consumables 5
Slide 6: Q1 2025: low demand and pressure on prices
Q1 2025 : low demand and pressure on prices Key figures Volumes sold -5.7% vs Q1.24 Sales €511m / -8.5% vs Q1.24 Gross margin €23.4% vs 20.3% in Q1.24 EBITDA €24m / 4.8% vs €19 m / 3.5 % in Q1.24 Net income (Group share) €2.3m Gearing 30% vs 27% at 2024 year-end CAPEX €5m (excluding external growth)
Slide 7: Q1 2025 results
Annexes 2. Q1 2025 results
Slide 8: Sales
Sales Q1.25 vs Q1.24 -€47m / -8.5% 558 +1.1% -5.7% 511 -3.9% In €m Q1.24 Volume Price Scope * Q1.25 effect effect effect * Acquisition of Commerciale Fond Volume effect Price effect Sequential -4.8% +0.5% +1.2% -3.6% -2.3% y.o.y. -4.1% -3.4% -5.7% -7.2% -6.0% y.o.y. Q1.24 Q2.24 Q3.24 Q4.24 Q1.25 Q1.
Slide 9: Sales by division
Sales by division 24% 48% 28% JACQUET STAPPERT IMS group In €m 290 +2.2% -11.2% -4.9% 250 In €m In €m +1.0% 123 -2.0% 122 150 -0.9% -3.4% 144 Q1.24 Volume Price Q1.25 Q1.24 Volume Price Q1.25 Q1.24 Volume Price Scope Q1.25 effect effect effect effect effect effect effect * * Acquisition of Commercia
Slide 10: Gross margin
Gross margin €119m (23.4% of sales) Divisions JACQUET STAPPERT IMS group 119 114 In €m 59 56 31 33 30 In €m 24 In % of sales 20.3% 23.4% In % of sales 25.2% 27.4% 15.7% 21.2% 20.3% 22.3% Q1.24 Q1.25 Q1.24 Q1.25 Q1.24 Q1.25 Q1.24 Q1.25 10
Slide 11: Current operating expenses
Current operating expenses excluding depreciation and amortization and provisions €95m / 18.6% of sales -0.8% at constant scope 94 1 1 95 In €m -1 In % of sales 16.9% 18.6% Q1.24 Variable Fixed Scope Q1.25 costs and costs and remuneration remuneration 11
Slide 12: Operating margins
Operating margins EBITDA 4.8% of sales vs 3.5% Q1.2024 EBITDA €24m (4.8% of sales) +€5m In €m 24 Adj. operating income by division JACQUET STAPPERT IMS group 19 Var. Q1.25 vs Q1.24 +€1m +€6m -€2m In % of sales 3.5% 4.8% In €m Q1.24 Q1.25 8 5 Adj. operating income €14m 4 3 3 (2.8 % of sales) 4 1 In %
Slide 13: Net income (Group share)
Income statement Net income (Group share) €2m In €m Q1.24 Q1.25 Sales 558.3 510.9 EBITDA 19.3 24.5 in % of sales 3.5% 4.8% Adjusted operating income 9.1 14.4 in % of sales 1.6% 2.8% Non-recurring items and gains on disposals 4.7 0.1 Operating income 13.8 14.5 Financial result (4.9) (5.9) Corporate i
Slide 14: Cash flow / Balance sheet as of March 31, 2025
Cash flow / Balance sheet as of March 31, 2025 Operating cash flow -€4m Gearing 30.3% In €m Operating cash flow: Non-current assets -€4m (incl. goodwill €70m 331 and real estate €170m) In €m 9 198 5 5 175 19 654 Shareholders’ equity -15 Net operating WCR 603 (of which inventories: €599m) 198 Net deb
Slide 15: Borrowings as of March 31, 2025
Borrowings as of March 31, 2025 The Group has €296m in cash and €916m in lines of credit of which 54% is used. The €146 million Schuldscheindarlehen (SSD) (repayable at maturity in July 2026) was repaid in advance in the amount of €66 million, and the €80 million remaining balance refinanced in Apri
Slide 16: Appendices
Appendices
Slide 17: Sectors
Sectors Stainless steel Engineering metals 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 17
Slide 18: Added value
Added value Suppliers JACQUET METALS Customers 20 suppliers: ± 50% of purchases Purchase prices 65,000 customers Delivery time: 2 to 12 months Storage of special metals Average invoice < €3,000 Managing price fluctuations Delivery time ± 1 week Finishing services 18
Slide 19: Income statement
Income statement In €m Q1.24 Q1.25 Sales 558 511 Gross margin 114 119 in % of sales 20.3% 23.4 % Current operating expenses (94) (95) Net depreciation and amortization (11) (11) Net provisions 0 1 Gains on disposals of non-current assets 0 0 Other non-current income and expenses 4 - Operating income
Slide 20: Balance sheet
Balance sheet In €m 31.12.24 31.03.25 Goodwill 70 70 Net non-current assets 264 261 Right-of-use assets 73 69 Net inventory 615 599 Net trade receivables 188 254 Other assets 114 107 Cash & cash equivalents 356 296 Total assets 1,680 1,655 Shareholders’ equity 658 654 Provisions (incl. provisions fo
Slide 21: Euronext Paris ISIN: FR0000033904
Euronext Paris ISIN : FR0000033904
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