Daldrup & Soehne Ag · XETR:4DS
Daldrup & Soehne — Daldrup & Söhne — Deutsches Eigenkapitalforum 2024
20 slides from Daldrup & Soehne's conference presentation, Nov 26, 2024
Slide 1: Eigenkapitalforum 2024
Eigenkapitalforum 2024 Deutsche Börse AG Frankfurt, 26 November 2024 Andreas Tönies, CEO
Slide 2: Overview Daldrup & Söhne AG
Overview Daldrup & Söhne AG ▪ Founded more than 75 years ago Shareholder structure ▪ Listed since Nov. 2007 (Scale 30) ▪ Headquarter in Oberhaching, Munich ▪ approx. 160 employees ▪ Subsidiaries in NL and CH ▪ Main operational regions: Germany, Switzerland, Austria and Netherlands, Belgium ▪ Special
Slide 3: Drilling Technology and Drilling Services
Drilling Technology and Drilling Services Business areas Focus ▪ Geothermal Explorations ▪ Operative Drilling Business ▪ Raw materials and exploration ▪ High Quality Drilling Services ▪ Water extraction ▪ Minority interests ▪ Infrastructure, specialised drilling, services Fokus Conclusion: There is
Slide 4: Diversified business model
Diversified business model Revenue Share of Business Segments 2019 - 2023 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2019 2020 2021 2022 2023 Geothermal Energy Raw materials & Exploration Water extraction EDS EDS: Environment, Development & Services 25.11.2024 Investor Relations - Daldrup & Söhne A
Slide 5: The right drilling rig for every task
The right drilling rig for every task 25.11.2024 Investor Relations - Daldrup & Söhne AG 5
Slide 6: Daldrup covers all stages of the geothermal value chain
Daldrup covers all stages of the geothermal value chain Feasibility ART Drillings Construction Construction Studies / Project Discovery Thermal Heating plant + planning Insurance Water circuit district heating supply Value Chain Complete packages, all contract forms ▪ Integrated Services Day Rate-Co
Slide 7: Key financial figures 2023 at a glance
Key financial figures* 2023 at a glance * Rounding differences may occur. 25.11.2024 Investor Relations - Daldrup & Söhne AG 7
Slide 8: Reference project heat transition: MTU Aero Engines AG, Munich
Reference project heat transition: MTU Aero Engines AG, Munich Space heating for the MTU Munich site ◼ Geothermal drilling ◼ Application: Space heating ◼ Order volume approx. EUR 17 mio. net 25.11.2024 Investor Relations - Daldrup & Söhne AG 8
Slide 9: Drilling of post-mining rehabilitation
Drilling of post-mining rehabilitation Customer Ruhrkohle AG ◼ Catch wells, water level boreholes ◼ Utilization of mine gas (methane) and mine water for heat generation ◼ Order volume approx. EUR 9.5 mio. net 25.11.2024 Investor Relations - Daldrup & Söhne AG 9
Slide 10: Swiss market with attractive prospects
Swiss market with attractive prospects Lavey-les-Bains + Vinzel + Salinen AG ◼ Geothermal drilling ◼ Utilization for power plants ◼ Order volume EUR 12.8 mio net Investor Relations - Daldrup & Söhne AG
Slide 11: Mine / Shaft facility in Asse
Mine / Shaft facility in Asse Bundesgesellschaft für Endlagerung (BGE) (Federal company for nuclear waste disposal) ◼ Complex high-tech job ◼ Data provided starting points for retrieval shaft ◼ Order volume approx. EUR 9.5 mio. Quelle: regionalheute.de, 2014 Source: BGE press photos Source: BGE pres
Slide 12: Nuclear legacy: radioactive waste in Germany
Nuclear legacy: radioactive waste in Germany Search for nuclear repository delayed ◼ ~ BGE proposes potential siting regions at the end of 2027 ◼ ~ Underground exploration can start from 2028 ◼ Attractive market for Daldrup & Söhne AG Source: Spiegel online, Search for nuclear repository could be de
Slide 13: Regulatory framework for geothermal energy is improving
Regulatory framework for geothermal energy is improving BEW BMWK GEG WPG Bundesförderung (Ministry of Economics) Gebäudeenergiegesetz Wärmeplanungsgesetz effiziente Wärmenetze Regulatory initiative to (Building energy act) (Municipal heat planning (Federal funding for strengthen medium to Geothermal
Slide 14: Share price picks up after outperformance
Share price picks up after outperformance % Coverage (Status at end of August*, beginning of October 2024) ◼ SMC-Research GmbH ◼ Buy, 11.20 EUR ◼ Quirin Privatbank AG ◼ Buy*, 14.00 EUR ◼ Pareto Securities AS ◼ Buy, 10.80 EUR 25.11.2024 Investor Relations - Daldrup & Söhne AG 14
Slide 15: Key financial figures for the first half of 2024
Key financial figures* for the first half of 2024 * Rounding differences may occur. 25.11.2024 Investor Relations - Daldrup & Söhne AG 15
Slide 16: Order potential reflects future structural growth
Order potential* reflects future structural growth 25.11.2024 Investor Relations - Daldrup & Söhne AG 16
Slide 17: Outlook 2024 / 2025: appetite for climate-friendly heat gains momentum
Outlook 2024 / 2025: appetite for climate-friendly heat gains momentum ▪ Order backlog well covered at EUR 28 mio. as at October '24 ▪ Relevant market volume: EUR 330 mio. as at the end of October '24 ▪ Raised Group forecast for 2024 confirmed - approx. EUR 50 mio. total output - EBIT margin between
Slide 18: Outlook 2025 / 2026
Outlook 2025 / 2026 Market driver: Market breadth and depth will increase • significant increase in the number medium-deep geothermal projects for heat generation in DACH region expected • New drilling projects in the Swiss market likely • Project sizes will increase by number of drillings & volumes
Slide 19: Finanzkalender 2024 / 2025 IR-Contact
Finanzkalender 2024 / 2025 26 Nov. 2024 EK-Forum, Frankfurt 6 Febr. 2025 Hamburger Investorentage, Hamburg 31 March 2025 Quirin Champions Conference, Frankfurt 30 May 2025 Publication of Group financial statements as of 31 Dec. 2024 28 Aug. 2025 Annual General Meeting IR-Contact Daldrup & Söhne AG B
Slide 20: Daldrup & Söhne AG - for the heat transition - GLÜCK AUF!
Daldrup & Söhne AG - for the heat transition - GLÜCK AUF! 25.11.2024 Investor Relations - Daldrup & Söhne AG 20