Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Shareholder Meeting (June 2025)
46 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's shareholder meeting presentation, Jun 18, 2025
Slide 1: Annual General Meeting 2025 Sto SE & Co. KGaA
Annual General Meeting 2025 Sto SE & Co. KGaA 18 June 2025 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 1
Slide 2: Housing completions in Germany
Housing completions in Germany Supply and demand continue to diverge strongly 1,000 flats Population in 1,000 persons 700 85000 Flats in detached houses and semi-detached houses 84500 Multi-storey flats 600 84000 Other flats Population development smoothed 83500 500 83000 82500 400 82000 81500 300 8
Slide 3: Development of mortgage interest rates in the EU
Development of mortgage interest rates in the EU Source: European Central Bank; Eurosystem; ECB Data Portal (ESCB) 3 Presentation for the annual general meeting 18 June 2025
Slide 4: Increase in construction costs
Increase in construction costs Development in the service areas since 2000 [€/m² floor area] zt 1200 2000 1,068 2014 1000 2016 835 4. Quarter 2024 800 600 527 575 512 400 332 124 200 124 0 Building shell Finishing construction Finishing construction Ancillary construction construction (constructive)
Slide 5: Climate neutrality
Climate neutrality Renovation rate far from target figure 0.96 1.9 0.74 0.72 0.68 0.54 0.50 2022 2023 2024 2022 2023 2024 0.88 Roof Facade 0.70 0.69 1.37 1.23 1.19 2022 2023 2024 2031 Renovation rate Building envelope residential construction (in %) 2022 2023 2024 Windows Source: Own statement based
Slide 6: Building permits in the EU 2020 – 2024*
Building permits in the EU 2020 – 2024* Low point appears to have been reached - building permit figures in Europe have been rising again since the end of 2024 Building - m² of usable floor space 120 Residential buildings (excluding shared flats) - number of residential units Residential building (w
Slide 7: Sto Group 2024
Sto Group 2024 Forecasted turnover and earnings targets achieved About the title image Steimle Architekten realised a striking residential and office ensemble with three point buildings linked by a shared ground floor in Ludwigsburg city centre. The design of the new KfW-55 buildings (energy efficie
Slide 8: Sto Group turnover
Sto Group turnover Difficult market conditions burden the Sto Group's business development in EUR million 1.787 1.718 1.612 1.591 1.433 2020 2021 2022 2023 2024 Information in accordance to IFRS. 8 Presentation for the annual general meeting 18 June 2025
Slide 9: Sto Group turnover
Sto Group turnover Share of turnover generated outside of Germany increased from 58.3 % to 59.5 % in EUR million 1.026 1.002 959 898 773 762 716 693 660 654 2020 2021 2022 2023 2024 Information in accordance to IFRS. 9 Presentation for the annual general meeting 18 June 2025
Slide 10: Sto Group segment turnover
Sto Group segment turnover Share of Sto Group consolidated turnover for 2024 Western Europe Northern/Eastern Europe America/Asia/Pacific 209 13% 160 10% 1,243 Turnover 2024 77% Sto Group: EUR 1,612 million Figures in EUR million and %. 10 Presentation for the annual general meeting 18 June 2025
Slide 11: Sto Group turnover
Sto Group turnover Facade systems still product group with largest share of total Group volume in EUR million Other product groups Other product groups -7% 249 233 Interior Interior -6% 258 241 Façade coatings Façade coatings -2% 394 388 Façade systems -8% Façade systems 817 750 2023 2024 Informatio
Slide 12: Gross profit Sto Group
Gross profit Sto Group Gross profit margin improved from 53.9 % to 54.3 % compared to previous year in EUR 54 % Gesamtleistung Rohertrag 54 % million 1.712 1.610 923 874 2023 2024 Information acc. to IFRS. 12 Presentation for the annual general meeting 18 June 2025
Slide 13: EBT & EAT Sto Group
EBT & EAT Sto Group Revised turnover and earnings forecast achieved in EUR million EBT EAT 128 128 127 119 95 89 86 81 61 38 2020 2021 2022 2023 2024 Information in accordance to IFRS. 13 Presentation for the annual general meeting 18 June 2025
Slide 14: P&L Sto Group
P&L Sto Group Corrected turnover and earnings forecast achieved Information acc. to IFRS. 14 Presentation for the annual general meeting 18 June 2025
Slide 15: Cash flow Sto Group
Cash flow Sto Group Cash flow from operating activities EUR 90.5 million Information acc. to IFRS. 15 Presentation for the annual general meeting 18 June 2025
Slide 16: Sto Group investments and depreciation/amortisation
Sto Group investments and depreciation/ amortisation Investments in further growth in EUR million 47 47 47 46 42 42 42 42 41 36 2020 2021 2022 2023 2024 Information in accordance to IFRS; however, without effects from IFRS 16, without investments and depreciation/amortisation of financial assets.
Slide 17: Selected individual investments
Selected individual investments Sto Mexico - new plant in Monterrey 3D Model Plant under construction Ground-breaking ceremony 17 Presentation for the annual general meeting 18 June 2025
Slide 18: Selected individual investments
Selected individual investments Sto Australia - New dry production Company building High silos Production plant 18 Presentation for the annual general meeting 18 June 2025
Slide 19: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 31/12/2024, strong equity base 1,158 in EUR 1,158 million Non-current assets Equity capital 553 744 (Equity ratio 64%) Current assets Non-current provisions 495 and liabilities 190 Current provisions and liabilities Cash and cash equiv
Slide 20: Sto Group employees
Sto Group employees Group's workforce reduced in 2024 5.697 5.735 5.783 5.545 5.599 3.171 3.130 3.127 3.100 3.000 2.612 2.605 2.570 2.545 2.499 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 20 Presentation for the annual general meeting 18 June 2025
Slide 21: Sto share | Share price trend
Sto share | Share price trend Noch übersetzen 21 Presentation for the annual general meeting 18 June 2025
Slide 22: Strategy implementation
Strategy implementation Example | Sto Culture People Engagement Leadership Development Modul „Empowering people, developing teams“: ▪ 400 participants worldwide Continued with the “Enabling Change” module: ▪ Starts in 09/2025 Impressions of global culture activities at Sto 22 Presentation for the an
Slide 23: Strategy implementation
Strategy implementation Example | StoFloor Traffic Elastic PM MultiBase 23 Presentation for the annual general meeting 18 June 2025
Slide 24: Strategy implementation
Strategy implementation Example | StoColor PuraClean 24 Presentation for the annual general meeting 18 June 2025
Slide 25: Strategy implementation
Strategy implementation Example | StoTherm AimS - completely cement-free 25 Presentation for the annual general meeting 18 June 2025
Slide 26: Strategy implementation
Strategy implementation Example | StoVentec Deco - Reconstruction palace of Archduke Joseph 26 Presentation for the annual general meeting 18 June 2025
Slide 27: Strategy implementation
Strategy implementation Example | [ark] Insight 27 Presentation for the annual general meeting 18 June 2025
Slide 28: Strategy implementation
Strategy implementation Example | Some examples of success regarding the sustainability strategy Climate protection Environmental protection Circular economy ▪ Complete greenhouse gas ▪ Biocide-free facade coatings ▪ Optimising the recyclability of balance for the Sto Group ▪ Promotion of fauna and
Slide 29: Strategy implementation
Strategy implementation Example | Material and thermal recycling of ETICS (with EPS) Recycling in cement plants ETICS are durable and rarely combines economic efficiency dismantled. However, the amount of and environmental compatibility. waste will increase in the future. 29 Presentation for the ann
Slide 30: Strategy implementation
Strategy implementation Example | Some examples of success regarding the sustainability strategy Health and well-being Transparency and social Employees responsibility ▪ Indoor products with voluntary emission measurement ▪ Risk assessment of all relevant ▪ International Clean-Up Day ▪ Offers in the
Slide 31: Sustainability statement 2024
Sustainability statement 2024 Implementation in accordance with CSRD Non-financial statement in accordance with Sections 289b and 315b of the German Commercial Code (HGB) and the CSR Directive Implementation Act (CSR-RUG) ➢ Due to the lack of implementation of the Corporate Sustainability Reporting
Slide 32: Building our future. Together.
Strategy Implementation Example | Target Operating Model Building our future. Together. Customer Centricity Process efficiency SAP S4/HANA 32 Presentation for the annual general meeting 18 June 2025
Slide 33: Target operating model as a preliminary measure
Strategy 2030 Target operating model as a preliminary measure Digital Strategy transformation 2030 33 Presentation for the annual general meeting 18 June 2025
Slide 34: Further development of our strategy
Strategy 2030 Further development of our strategy Consideration of trends and risks Inclusion of impulses from the markets 2030 Carrying out competitor analyses Definition of focused strategic priorities … 34 Presentation for the annual general meeting 18 June 2025
Slide 35: Strategic targets at a glance
Strategy 2030 Strategic targets at a glance Solution Leadership Growth Customer Centricity Our solution leadership and our core We grow while creating value and We make it easier for our customers to competences make us the first choice outpacing the market in defined do business with us. for facade
Slide 36: Strategy 2030
Strategy 2030 10 Tangible Industrial Core segments & Rising segments & Omni- differentiation prefabrication product groups product groups channel Group strategic initiatives are the Demand-driven Organisation & Digital Sustainability Culture & personnel supply chain steering transformation strategy
Slide 37: Development of EWIS market in Germany
Development of EWIS market in Germany 37 36 36 35 34 34 35 34 33 30 28 27 Million m² 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f Source: B+L Marktdaten GmbH: Quarterly Report Q4 2024 ETICS. B+L Marktdaten GmbH retroactively updated by B+L. 37 Presentation for the annual general m
Slide 38: Sto Group financial figures Q1/2025
Sto Group financial figures Q1/2025 Highlights 325 6 EUR million Turnover EUR million Investments* -5% vs. PY -11% vs. PY Increase in seasonally 5,587 typical Q1 deficit compared to same period Employees of the previous year -4% vs. PY Information acc. to IFRS; * without: financial assets and IFRS 1
Slide 39: Landscape of subsidy schemes European Sto markets
Landscape of subsidy schemes European Sto markets Fundings Region North-West and Germany BEG € 14.4 bill. in 2025 for energy efficient buildings. 75% of budget released currently because of preliminary government budget. Iceland MaPrimeRénov’ € 4.8 bill. in 2025 for energetic improvement of building
Slide 40: Landscape of subsidy schemes European Sto markets
Landscape of subsidy schemes European Sto markets Fundings Region South-East Sanierungsoffensive for 2025 no detailed information for new fundings is available by the new government. On federal basis several funds are still available in 2025. Iceland Superbonus: 2025: 65% decreasing tax reduction. S
Slide 41: Coalition agreement
Coalition agreement Key points for Sto ➢ Commitment to climate targets: construction sector central to achieving targets. ➢ Construction of new buildings and refurbishment as task areas that are to be underpinned by an investment, tax relief and bureaucracy reduction campaign, social residential con
Slide 42: Outlook
Outlook Outlook for 2025 as a whole * The forecast is based on average weather conditions and an economic development in line with expectations in Sto's key markets as well as a mainly stable euro exchange rate. Another key assumption is that geopolitical tensions such as the Russia- Ukraine conflic
Slide 43: Awards
Awards German Sustainability Award 2025 - Two-time finalist Sto was nominated twice for the 17th German Sustainability Award, which was presented in Düsseldorf at the end of November 2024, and was selected as a finalist in each case – both at company level and with StoTherm AimS in the Products 2025
Slide 44: Awards
Awards ... and two bronze Triple gold for Sto awards 44 Presentation for the annual general meeting 18 June 2025
Slide 45: 70 years of Sto
70 years of Sto Fritz Stotmeister Award recognises strong team performances in the Sto Group that fulfil the implementation of the strategic attributes in a special way Winning team 2022: Winning team 2023: Team Sto Klimaservice Team Sto Kiber 45 Presentation for the annual general meeting 18 June 2
Slide 46: Thank you for your interest! Sto SE & Co. KGaA
Thank you for your interest! Sto SE & Co. KGaA 18 June 2025 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 4 6