Dcc Plc · LSE:DCC
Dcc — Investor Presentation (May 2026)
38 slides from Dcc's investor presentation, May 2026
Slide 1: Leaders in Multi-Energy Solutions Investor Presentation May 2026
LEADERS IN MULTI - ENERGY SOLUTIONS INVESTOR PRESENTATION MAY 20 26
Slide 2: Leaders in Multi-Energy Solutions
DCC ENERGY We’re leaders in multi - energy sales and distribution in LEADERS IN Europe and the US. MULTI - ENERGY We serve millions of customers across the commercial & industrial, public and domestic sectors. We deliver mainly off - grid energy solutions, led by liquid gas, and SOLUTIONS operate se
Slide 3: Why Invest in DCC?
WHY INVEST IN DCC? Market leading positions and Growing demand: customers need long - term customer relationships secure, cleaner and competitive energy Scale opportunities in new and existing markets SUSTAINABLE RETURNS Highly experienced compounder: COMPOUNDING 400 acquisitions at high returns GRO
Slide 4: DCC Energy at a Glance
01 DCC ENERGY AT A GLANCE DONAL MURPHY
Slide 5: Our Energy Business
OUR ENERGY BUSINESS We’re leaders in multi-energy sales and distribution in Europe and the US SOLUTIONS MOBILITY ENERGY PRODUCTS ENERGY SERVICES MOBILITY Liquid gas & fuels, grid gas & power Solar and other energy services Service stations and fleet services We sell and distribute liquid gas, fuels
Slide 6: Our Strategy: Ambition
OUR STRATEGY: AMBITION DCC Energy will be a global leader in multi - energy sales and distribution Safely delivering secure, cleaner and competitive energy products and services Growing, scaling and strengthening our business through customer focus, efficient operations and disciplined compounding C
Slide 7: Our Strategy: How We Win
OUR STRATEGY: HOW WE WIN OUR OUR OUR THE OPPORTUNITY ADVANTAGE MODEL RESULTS We have a compelling With a strong business A repeatable playbook to And a proven track record market opportunity model scale and compound value of delivering results* Scale opportunities in new Market leading positions and
Slide 8: Our Business Has High Quality Financial Characteristics
OUR BUSINESS HAS HIGH QUALITY FINANCIAL CHARACTERTICS • GROWTH THROUGH THE CYCLE Essential products and services supporting resilient demand • ORGANIC GROWTH Focus on market share, efficiency and growth in services & renewable/bio products • ATTRACTIVE RETURNS ON CAPITAL Loyal customer base , scale
Slide 9: DCC Energy: A History of Value Creation
DCC ENERGY: A HISTORY OF VALUE CREATION Sustained growth, high returns and strong cash generation through the cycle 18.7% 10YR AVERAGE ROCE 21.6% ROCE % 17.9% 17.7% 18.4% 18.1% 18.6% 19.0% 18.7% 18.5% 18.8% 4 .0 % 10YR AVERAGE 10.0% ORGANIC GROWTH 9.1% 8.3% 6.9% 5.9% 5.2% 3.3% 0.0% 1.8% 1.3% - 2.0%
Slide 10: Our Business
02 OUR BUSINESS DONAL MURPHY
Slide 11: Our Business Structure
OUR BUSINESS STRUCTURE SOLUTIONS MOBILITY 1.5m direct customers + 2m customers 6.6m cylinder customers We manage Solutions across four geographic We manage our service stations and regions, each with its own Managing Director. fleet services business across the UK This facilitates closeness to our c
Slide 12: Solutions
SOLUTIONS LEADERS IN MULTI - ENERGY SOLUTIONS 12
Slide 13: Where We Operate
WHERE WE OPERATE In the US we operate across Energy Products operates across 11 20 states with double digit countries, with a complementary Energy market share in Kentucky, Services presence in eight of those markets Kansas and Tennessee. UK FRANCE IRELAND GERMANY NORDICS AUSTRIA USA NO. 1 NO. 2 NO.
Slide 14: Key Metrics
KEY METRICS GROSS PROFIT SPLIT GROSS PROFIT SPLIT ENERGY PRODUCTS ENERGY SERVICES 68% 22 % 10 % 100% 73% share of EBITA Liquid Liquid On - grid gas 3% share of EBITA Energy gas fuel & power Services 1.5M DIRECT CUSTOMERS BIOGENIC 10K CUSTOMERS MWP INSTALLED c. 8m including indirect cylinder customer
Slide 15: Energy Products: Our Customers and Right to Win
ENERGY PRODUCTS: OUR CUSTOMERS AND RIGHT TO WIN OUR CUSTOMERS OUR PROGRESS OUR RIGHT TO WIN We sell and distribute liquid gas and other EBITA organic growth We optimise margin per litre in a structurally low growth fuel products to commercial, industrial and volume market: domestic customers with in
Slide 16: Energy Services: Our Customers and Right to Win
ENERGY SERVICES: OUR CUSTOMERS AND RIGHT TO WIN OUR CUSTOMERS OUR PROGRESS OUR RIGHT TO WIN Our Energy Services business complements our In five years, we have built a We drive revenue growth and expand margin s by : larger Energy Product offering. This enables us to business across eight markets •
Slide 17: Mobility
MOBILITY LEADERS IN MULTI - ENERGY SOLUTIONS 17
Slide 18: Where We Operate
WHERE WE OPERATE We operate across eight countries in Europe 192 of our 1,181sites are EV enabled OUR SERVICE STATION FOOTPRINT SWEDEN FRANCE NORWAY DENMARK UK 350 350 200 100 100 sites sites sites sites sites FLEET SERVICES Our fleet services business is based out of the UK and Ireland; our digital
Slide 19: Our Mobility Strategy
OUR MOBILITY STRATEGY SERVICE STATIONS: SERVICE STATIONS: FLEET SERVICES: ENHANCE MAXIMISE EXPAND c. 400 of our 1,181sites The profit contribution Our fleet payment, digital (192 already complete) from c. 800 of our sites parking and telematic solutions Add: Increase unit margins: Integrate telemati
Slide 20: Key Metrics
KEY METRICS SERVICE STATIONS FLEET SERVICES MOBILITY EBITA £’M GROSS PROFIT SPLIT GROSS PROFIT SPLIT 134 122 120 124 101 75% 25% Of mobility gross profit Of mobility gross profit c.2M CUSTOMERS 94 K CUSTOMERS MOBILITY FUEL GROSS MOBILITY NON - FUEL MARGIN, PENCE PER LITRE £ SERVICES GROSS PROFIT £ F
Slide 21: Mobility: Our Customers and Right to Win
MOBILITY: OUR CUSTOMERS AND RIGHT TO WIN OUR CUSTOMERS OUR PROGRESS OUR RIGHT TO WIN We sell fuel, EV charging and EBITA organic growth We increase our competitive edge: retail goods to customers at • SERVICE STATIONS service stations. +4 % AVERAGE And we’re expanding our fleet OVER 10 YEARS – Maxim
Slide 22: Growth
03 GROWTH DONAL MURPHY
Slide 23: Our Ambition
OUR AMBITION * We have scale opportunities and strong operating platforms close to energy customers. We empower our management teams to deliver growth. 3% TO 4% +6% TO 8% = 10%+ ORGANIC FROM M&A GROWTH @ GROWTH (SELF - FUNDED) MID - TEEN+ ROCE • Leading market positions close • Proven M&A capability
Slide 24: We Aim to Deliver 3% to 4% Organic EBITA Growth
WE AIM TO DELIVER 3% TO 4% ORGANIC EBITA GROWTH ON AVERAGE IN EN ERGY * Drive organic growth through customer growth, efficiency and services SOLUTIONS: VOLUMES: MARGIN PER LITRE: 2% TO 4% EBITA ENERGY - 1% TO +2% +1% TO +3% ORGANIC GROWTH PRODUCTS SOLUTIONS: REVENUE: EBITA MARGIN: 8% TO 10% EBITA E
Slide 25: We Aim to Deliver 6% to 8% M&A Growth
WE AIM TO DELIVER 6% TO 8% M&A GROWTH UTILISING OUR EXCELLENT M& A CAPABILITY * c. 400 transactions since going public at high teen returns; Continue to build our pipeline • Development plan in line with energy strategy STRATEGY • Optionality across energy area depending on HOW WE ASSESS M&A ROCE an
Slide 26: A Scalable Platform with Significant Acquisition Opportunity
A SCALABLE PLATFORM WITH SIGNIFICANT ACQUISITION OPPORTUNITY GROWTH OPPORTUNITY WHERE WE PLAY ENERGY PRODUCTS ENERGY SERVICES MOBILITY France UK & Ireland Germany Austria Nordics Benelux Central –Eastern Europe US Rest of Europe Material growth opportunity via organic growth and M&A No existing pres
Slide 27: Financials
04 FINANCIALS DONAL MURPHY
Slide 28: DCC Energy: A History of Value Creation
DCC ENERGY: A HISTORY OF VALUE CREATION Sustained growth, high returns and strong cash generation through the cycle 18.7% 10YR AVERAGE ROCE 21.6% ROCE % 17.9% 17.7% 18.4% 18.1% 18.6% 19.0% 18.7% 18.5% 18.8% 4 .0 % 10YR AVERAGE 10.0% ORGANIC GROWTH 9.1% 8.3% 6.9% 5.9% 5.2% 3.3% 0.0% 1.8% 1.3% - 2.0%
Slide 29: DCC: Key Financial Metrics
DCC: KEY FINANCIAL METRICS Focus throughout DCC on organic profit growth, cash flow conversion and ROCE Value drivers for energy include customer metrics, gross margin conversion and carbon intensity SOLUTIONS: 76% EBITA MOBILITY: 24% EBITA ENERGY PRODUCTS ENERGY SERVICES MOBILITY 73% EBITA 3% EBITA
Slide 30: Energy Performance by Business
ENERGY PERFORMANCE BY BUSINESS TOTAL EBITA OF £ 554.2M IN FY26 SOLUTIONS MOBILITY £ 419.8m: 76% operating profit £ 134.4m: 24 % operating profit SER VI CE STATIONS ENERGY PRODUCTS ENERGY SERVICES AND FLEET SERVICES 202 6 202 5 % CHANGE 202 6 202 5 % CHANGE 202 6 202 5 % CHANGE Volume (bn litre equiv
Slide 31: Solutions: Organic Growth and Margin History
SOLUTIONS Organic growth and margin history SOLUTIONS: 76% EBITA ENERGY PRODUCTS 73% EBITA ENERGY SERVICES 3% EBITA PRODUCTS EBITA £’M AND ANNUAL SERVICES EBITA £’M AND ANNUAL ORGANIC ORGANIC GROWTH % GROWTH % 4% 404 48 328 358 364 279 280 301 220 255 196 100% 137% 25 16 6% 3% - 1% 11% - 1% 8% 3% 8%
Slide 32: Mobility: Organic Growth and Margin History
MOBILITY Organic growth and margin history MOBILITY: 24% EBITA MOBILITY EBITA £’M AND ANNUAL ORGANIC GROWTH % 4% 122 124 134 120 90 96 101 81 59 61 3% 4% 5% 4% - 6% 4% 18% - 1% 5% 6% FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Absolute EBITA £’m % Organic annual EBITA growth and 10 -
Slide 33: Our 2030 Ambition
OUR 2030 AMBITION 1 EBITA, £M O RGANIC GROWTH 554 1 1 c.115 c.160 c.830 8- 10% 2- 4% 2- 4% 147 407 FY22A FY23 - 26A ENERGY ENERGY MOBILITY ACQUISITION 2030 PRODUCTS SERVICES GROWTH AMBITION 1 The 2030 Ambition is not, and should not be construed as, a profit forecast for any specific financial perio
Slide 34: Our Capital Allocation Framework
OUR CAPITAL ALLOCATION FRAMEWORK SHARPENING OUR FOCUS ON SELF - FUNDED DEVELOPMENT AND SHAREHOLDER RETURNS 01 02 INVEST IN BUSINESS ORDINARY DIVIDENDS Capex: depreciation Progressive approach, payout 1.0 - 1.4x p.a. STRONG c.40% of earnings BALANCE SHEET Investment - grade credit rating Net debt / E
Slide 35: Sustainability Progress
05 SUSTAINABILITY PROGRESS DONAL MURPHY
Slide 36: A Sustainable DCC
A SUSTAINABLE DCC We’re clear about the material questions most relevant to the sustainability of our business and to our stakeholders THE FOUR PILLARS OF OUR SUSTAINABILITY FY26 SUSTAINAILITY HIGHLIGHTS REPORTING FRAMEWORK • Achieved a CDP climate change rating of A, placing DCC in the top 4% of re
Slide 37: Sustainability Targets and Progress for the Year Ended March 2026
SUSTAINABILITY TARGETS AND PROGRESS FOR THE YEAR ENDED 31 MARCH 2026 STRATEGIC PRIORITIES 2030 TARGETS 202 6 202 5 % CHANGE VS BASELINE / COMMENTARY CLIMATE CHANGE 50% reduction ¹ 63 68 - 7.4 % - 44.7 % reduction since 2019 baseline Scope 1 & 2 GHG emissions (ktCO 2e, Group) 35% reduction 36.4 37.9
Slide 38: 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”), nor shall any part of this presentation or the fact of their distribution or communication form the basis of, or be reli