Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Q1 2021 Earnings Presentation
29 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's earnings presentation, May 11, 2021
Slide 1: Q1 2021 – Robustly out of the Crisis
Q1 2021 – Robustly out of the Crisis May 11, 2021 | Ströer SE & Co. KGaA
Slide 2: Agenda
Agenda Business Update 1 Financial Status 2 Update Asam 3 Outlook 4 2
Slide 3: Key Takeaways from entire Quarter 1 with hard Lockdown
Key Takeaways from entire Quarter 1 with hard Lockdown Extremely robust Setup for the Crisis | Long-term strategic Drivers fully intact FY 2020 Key Messages Q1 2021 1. OoH cost structure: Certain matters like rent adjustments still work in progress and therefore not fully reflected 2. Out-of-Home re
Slide 4: Results Q1 2021
Results Q1 2021 m€ Q1 2021 Q1 2020 ▲ Reported 311.9 368.2 -15% Revenues Organic(1) -14.9% 6.0% -20.9%pts EBITDA (adjusted) 73.5 116.9 -37% EBIT (adjusted) 8.2 48.4 -83% Net income (adjusted)(2) 1.0 35.5 -97% Operating cash flow 26.8 68.7 -61% Capex 13.8 27.1 -49% (1) Excluding exchange rate effects
Slide 5: Covid & Lockdown with strong Impact on Out of Home Media in Q1
Covid & Lockdown with strong Impact on Out of Home Media in Q1 Group Revenue with ~ IX 85 vs. 2020 at upper End of Expectations OoH Media Digital & Dialog Media DaaS & E-Commerce (incl. Public Video) 01110110 10101010 10010011 11010110 IX Trend mid Final IX Trend mid Results end IX Trend mid Results
Slide 6: Development of monthly OoH Revenue: 2021 vs. 2020/2019
Development of monthly OoH Revenue: 2021 vs. 2020/2019 Good Dynamics since Easter | good Visibility for May | June with upside Potential Out of Home Media Segment: 2021 vs. 2020 Out of Home Media Segment: 2021 vs. 2019 in % in % 100 ? 0 OOH 2021 (vs. 2020) OoH 2021 vs. 2019 80 60 -10 ? 40 -20 20 0 -
Slide 7: Q1 Highlights Out of Home Media – Digital & Dialog Media
Q1 Highlights Out of Home Media – Digital & Dialog Media OoH Media t-online Ongoing expansion of digital infrastructure Unique user in million – March 2021* t-online 31.34 ~100+ premium screens FOCUS Online 27.17 DER SPIEGEL SPM 26.85 ~15+ WELT.de 25.53 German cities BILD 24.50 Digital & Dialog Medi
Slide 8: Q2 Expectations: OoH gains Momentum, 'PLUS' with strong Growth
Q2 Expectations: OoH gains Momentum, ‘PLUS’ with strong Growth Besides tougher public Life Restrictions than PY: Group Revenue ~ IX 135-140 OoH Media Digital & Dialog Media DaaS & E-Commerce (incl. Public Video) 01110110 10101010 10010011 11010110 IX vs. PY Trend early May IX vs. PY Trend early May
Slide 9: German Out of Home Advertising Market Forecast by Nielsen
German Out of Home Advertising Market Forecast by Nielsen Recovery Phase taking off Q2 starts with Forecast 2021 Q1 Q2 Q3 Q4 2019 2020 2021 Source: Nielsen Forecast Germany - Advertising Sales, Gross advertising sales 9
Slide 10: Agenda
Agenda Business Update 1 Financial Status 2 Update Asam 3 Outlook 4 10
Slide 11: Profit and Loss Statement Q1 2021
Profit and Loss Statement Q1 2021 m€ Q1 2021 Q1 2020 ▲% Revenues 311.9 368.2 -15% EBITDA (adjusted) 73.5 116.9 -37% Exceptional items -2.4 -4.7 +48% EBITDA 71.0 112.2 -37% Depreciation & Amortization* -75.5 -81.2 +7% EBIT -4.5 31.0 n/a Financial result* -7.4 -6.4 -16% Tax result +2.7 -4.9 n/a Net In
Slide 12: Free Cash Flow Perspective Q1 2021
Free Cash Flow Perspective Q1 2021 m€ Q1 2021 Q1 2020 Comment EBITDA (adjusted) 73.5 116.9 Q1 traditionally with soft cashflow; on top business was - Exceptional items -2.4 -4.7 faced with ongoing (intensified) lockdown restrictions EBITDA 71.0 112.2 Cashflow development driven by decline in ear
Slide 13: Segment Perspective Q1 2021
Segment Perspective Q1 2021 OoH Media Digital & Dialog Media DaaS & E-Commerce m€ m€ m€ Org. growth Margin Org. growth Margin Org. growth Margin -45.6% 37.0% +4.6% 23.5% +36.8% 11.9% 179.8 154.3 160.5 97.9 83.2 56.4 36.2 36.6 37.7 41.9 3.8 6.7 Revenues EBITDA adj. Revenues EBITDA adj. Revenues EBITD
Slide 14: New Product Groups reported
New Product Groups reported OoH Media Digital & Dialog Media DaaS & E-Commerce Revenues Q1: 97.9m€ Revenues Q1: 160.5m€ Revenues Q1: 56.4m€ OoH Services Dialog Data as a Service 10.5% Digital OoH 17.9% 41.0% 46.7% 53.3% 59.0% 71.6% Classic OoH Digital E-Commerce OoH Media split into Digital & Dialog
Slide 15: ESG: Key Milestones and Update Q1 2021
ESG: Key Milestones and Update Q1 2021 Environment Social CO2 Audit and reduction #ChooseToChallenge Group-wide project launched to Several colleagues contributed under calculate CCF on 2019 basis. First the Hashtag #choosetochallenge in the results indicate industry standard CO2 International Women
Slide 16: Agenda
Agenda Business Update 1 Financial Status 2 Update Asam 3 Outlook 4 16
Slide 17: Key Investment Highlights
Key Investment Highlights High-Performance G-Beauty1 Brand Best-in class Actives Delivery based on proprietary IP AI & Data-driven sales and marketing strategy First mover in streaming based live shopping on next generation video platform Fast growing G-Beauty Brand with high profitability
Slide 18: High Performance G-Beauty
High Performance G-Beauty Kick-off for Live Video Platform and International Rollout started Proprietary skin delivery technology for most powerful active ingredients Ongoing development of performance-focused innovations in all beauty categories Full vertical value integration with secure sup
Slide 19: Best in-class Actives Delivery based on proprietary IP
Best in-class Actives Delivery based on proprietary IP Science meets nature – pioneers in grape skin care Extensive inhouse R&D for highly efficient natural ingredients such as rejuvenating grape shot extract Resveratrol Specialized in high performance delivery technologies Powerful Actives pair
Slide 20: AI Based Online Campaign Management
AI Based Online Campaign Management AI-powered identification of relevant ad placements AI-based Audience Targeting (Audience Extension / “Statistical Twins”) AI-powered Prediction – identify customers who are likely to churn/ buy and place recommendations Full integration of all relevant to
Slide 21: First Mover in Streaming based live Shopping on next Generation Video Platform
First Mover in Streaming based live Shopping on next Generation Video Platform First 100% committed video-commerce beauty platform to disrupt existing online-shopping concept 100% video integration with customized inbound channels, livestream formats and brand experience videos as important growth
Slide 22: Asam's new Live Video Platform is driving Digital Sales
Asam’s new Live Video Platform is driving Digital Sales Asam is 1st Mover in European Live Shopping Revenue split by channel m€ CAGR 600 27% 504 500 403 400 322 Kick-off 300 international rollout & 250 Live Video Platform 191 200 141 106 100 71 84 58 Focus on GSA1 Internationalization & streaming ba
Slide 23: Fast growing German Beauty Brand with high Profitability
Fast growing German Beauty Brand with high Profitability Revenue Growth up to 30% YoY and EBITDA Margin of ~20% in developed markets GSA1 Global m€ m€ CAGR 250 20% 227 24% 600 22% 22% 204 504 200 22% 22% 23% 22% 22% 22% 500 22% 21% 183 22% 159 Kick-off 403 20% 400 international rollout 150 136 322 1
Slide 24: Agenda
Agenda Business Update 1 Financial Status 2 Update Asam 3 Outlook 4 24
Slide 25: Ströer Group – Q2 Outlook
Ströer Group – Q2 Outlook For the second quarter, we expect our group revenue 35-40% above prior year, EBITDA growing beyond 60% and a significant acceleration of our OoH business towards the end of Q2. Source: 1Zenith and IPG/Rapport 2019 25
Slide 26: 2021 – Full Year Outlook Formula unchanged
2021 – Full Year Outlook Formula unchanged For 2021, we expect business on 2019 level minus lockdown effects plus catch-up after lockdown(s) – and we well give a trading update in the second half of June to share an update on Q2 & Q3. As already shown in H2 2020, we do not expect any medium- and lon
Slide 27: Financial Calendar 2021
Financial Calendar 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 November 10th Publication of August 17th Q3 Quarterly Statement May 11th Publication of Half-Yearly February 24th Publication of Financial Report Publication of Q1 Quarterly Statement September 03rd Preliminary Figures Annual General Me
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Slide 29: Disclaimer
Disclaimer This presentation contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and futur