3u Holding Ag · XETR:UUU
3u — FY2021 Earnings Presentation
31 slides from 3u's earnings presentation, Apr 8, 2022
Slide 1: 3U HOLDING AG Success in Megatrends: Events and Results FY 2021
3U HOLDING AG Success in Megatrends Events and Results FY 2021
Slide 2: Investment Case 3U Holding
INVESTMENT CASE 3U HOLDING 3U Growth Strategy: Enhance Technologies, Overcome Barriers to Growth, Tap Potential Corporate purpose: Increase shareholder value to the benefit of customers, suppliers, staff, and stakeholders Successful business models in three megatrends: Cloud Computing (weclapp
Slide 3: Successful Business Models in Three Megatrends
SUCCESSFUL BUSINESS MODELS IN THREE MEGATRENDS Segment ITC Renewable Energies SHAC segment Information and segment Heating and Air Telecommunications Technology Conditioning Technology – Cloud Computing – Power generation – e-commerce ERP and e-commerce platforms for SMBs – Project acquisitions and
Slide 4: Key Strategic Focus Areas: Growth Driver Cloud Computing and E-Commerce
KEY STRATEGIC FOCUS AREAS: GROWTH DRIVER CLOUD COMPUTING AND E-COMMERCE Revenue in EUR m CAGR: 95% 12,0 ≈ 19.0 7,3 4,6 3,0 1,9 0,5 1,0 0,1 0,3 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (e) Ongoing strong organic growth – first strategic acquisitions completed CAGR: 30% 23,7 20,6 21,6 ≈ 23.0
Slide 5: Events and Results FY 2021
3U #- HOLDING Events and Results FY 2021
Slide 6: Events in the 2021 Financial Year
EVENTS IN THE 2021 FINANCIAL YEAR Organic growth not yet able to compensate for effect of disposals in 2020 / Cloud Computing main growth driver / SHAC operating in difficult environment / unfavourable weather and capital market conditions Q4 2020 disposals of wind farm and non-core SHAC subsidiar
Slide 7: Organic Growth in 2021 in Spite of External Factors
ORGANIC GROWTH IN 2021 IN SPITE OF EXTERNAL FACTORS ONE-OFF EFFECTS IN EARNINGS FROM M&A- AND IPO-PREPARATIONS Group revenue and earnings in EUR m: Q4/2020 vs. Q4/2021 and FY/2020 vs. FY/2021 ( =adjusted) Consolidated Revenue • Cloud Computing as key revenue growth driver. 61.1 Increase in costs for
Slide 8: Pre-Year Effects in Renewables, SHAC Segments; One-Off Expenses in Cloud Computing
PRE-YEAR EFFECTS IN RENEWABLES, SHAC SEGMENTS ONE-OFF EXPENSES IN CLOUD COMPUTING Segment revenue and EBITDA in EUR m: Q4/2019 vs. Q4/2020 and FY/2019 vs. FY/2020 ■ Revenue ITC • ITC: strong growth in Cloud Computing; one-off EBITDA expenses for M&A, IPO 24.0 Telecommunications constant despite reta
Slide 9: Initial Consolidation of ITscope GmbH Impacts Group's Balance Sheet
Initial consolidation of ITscope GmbH impacts Group’s balance sheet 119.047 119.047 The acquisition of ITscope GmbH has resulted in Cash & cash equiv. 12.715 the acquired assets and liabilities being included 14.990 in the consolidated balance sheet of 3U. Main M&A-effects: 12.684 Other Other cur. 8
Slide 10: Sound Balance Sheet and Financial Ratios Despite ITscope Acquisition
Sound balance sheet and financial ratios despite effects of ITscope acquisition In EUR m / % 31 December 31 December 2021 2020 Total assets 119.0 85.9 Inventories 13.6 8.6 Cash and cash equivalents 12.7 26.4 Equity 62.1 52.0 Equity ratio 52,2 % 60.5 % Debt to equity (liabilities/equity) 91,7 % 65.2
Slide 11: Guidance for 2021 Further Specified
GUIDANCE FOR 2021 FURTHER SPECIFIED: LOWER END OF FORECAST RANGE WILL BE ACHIEVED Group KPI in EUR m: 2019 – 2022 (e) Consolidated Revenue EBITDA margin 65 – 70 Disposals 2020: EUR 8.2m 20.1% 19.6% 18.9% 61.1 14% – 18% 8,2 55.9 51.5 65,0 2019 2020 2021 2022 (e) 2019 2020 2021 2022 (e) EBITDA Consoli
Slide 12: weclapp: Technology Leader, Price Leader
weclapp: Technology leader Price leader Goal: market leader! 12
Slide 13: weclapp Claims the Pole Position: Tech Leader and Price Leader
WECLAPP CLAIMS THE POLE POSITION: TECH LEADER AND PRICE LEADER ERP ERP 2.0 3.0 On-premises ERP becoming Cloud-based systems weclapp’s competitive obsolete are superior to ERP 2.0 advantage: No inherent barriers to growth • Server installation tedious and • Quick onboarding, • Based on operating busi
Slide 14: Megatrend Digitalization: SMB Seek Cutting Edge Performance
MEGATREND DIGITALIZATION: SMB SEEK CUTTING EDGE PERFORMANCE SMB tailwinds driving ERP adoption: Automation of business processes Consistent and current information Ubiquitous access to data and applications Creating unlimited mobility and agility New business models We are democratising ERP – making
Slide 15: Business Model – Software-as-a-Service
BUSINESS MODEL – SOFTWARE-AS-A-SERVICE Contract granting usage rights for defined no. of user subscriptions Majority of revenues resulting from recurring revenues (SaaS) Advance payments deferred over duration of contract Customer Cloud based offering Highly sticky customer base on the back of mainl
Slide 16: No Inherent Barriers to Growth
NO INHERENT BARRIERS TO GROWTH No inherent barriers to growth Growth driver 1 2 3 4 5 6 R&D: Product Research focus on Marketing & Sales Extend industry / Internationalisation Targeted acquisition enhancement Artificial Intelligence excellence customer reach of competitors Growth enabler . Agile org
Slide 17: Implementing the Strategy: The weclapp Cloud
IMPLEMENTING THE STRATEGY: THE weclapp CLOUD One login. One user interface. One platform. Leading e-Commerce platform for the IT industry Digital consultant for micro-enterprises 17
Slide 18: Selfio: Successful in Online Trading
Selfio: Successful in Online Trading thanks to High Quality of Advice and Marketing 18
Slide 19: Selfio: Do It Yourself – But Do It Right!
SELFIO: DO IT YOURSELF – BUT DO IT RIGHT! • Founded in 2011, Selfio operates an online shop (www.selfio.de) for professional DIY products, including well-known brands such as Buderus, Wilo, Grundfos, Biral, Junkers, Viessmann and Wolf. • USP: high quality of advice – online and personal • Over nine
Slide 20: Selfio: Market Segment in Growth Trend
SELFIO: MARKET SEGMENT IN GROWTH TREND Strategy: • Expansion of 3U’s online trading activities into a leading, profitable trading platform for sanitary, heating and air conditioning technology (SHAC) by means of organic and external growth • Improvement of profitability Growth rate of German onlin
Slide 21: Challenges in 2021: Procurement and Prices
CHALLENGES IN 2021: PROCUREMENT AND PRICES RELOCATING INTO NEW DISTRIBUTION CENTER COMPLETED The German construction industry is not alone in being impacted by the current procurement and price crisis. Our SHAC e-commerce business was affected throughout 2021 by the global supply chain crisis and de
Slide 22: Selfio Growth Strategy
SELFIO GROWTH STRATEGY GOALS Improve profitability Increase market share Top 100 online vendors GROWTH DRIVERS CONTINUOUS IMPROVEMENT Optimise and enhance supply chain Optimise data usage/algorithms/software 22
Slide 23: Renewable Energies: Wind and Solar Power
Renewable Energies: Wind and Solar Power 23
Slide 24: Sustainable Earnings and Cash Flow in the Renewable Energies Segment
SUSTAINABLE EARNINGS AND CASH FLOW IN THE RENEWABLE ENERGIES SEGMENT Renewable Energy Power Generation in the 3U Group Three wind farms, one photovoltaic power plant Klostermoor Power generation in op. since 1999 capacity currently at 6 AN Bonus windmills 1.0 MW each Roge around 54 MW 54 m rotor d
Slide 25: Renewable Energies Segment Fact Sheet
RENEWABLE ENERGIES SEGMENT FACT SHEET Power Generation* in the 3U Group Major Power plants (nominal capacity and book values) Residual Outstanding value at loans at MW Comment 31.12.2021 31.12.2021 (EUR Mio.) (EUR Mio.) PV plant Adelebsen 10.1 Feed-in-Tariff, until Dec. 2032 9.5 8.2 Langendorf win
Slide 26: Summary
3U #- HOLDING Summary 26
Slide 27: Enhance Our Technologies, Overcome Barriers to Growth, Develop New Potential
ENHANCE OUR TECHNOLOGIES, OVERCOME BARRIERS TO GROWTH, DEVELOP NEW POTENTIAL We create value • thanks to the rapid growth story in cloud computing • thanks to the performance of our telecommunications business area • thanks to the promising potential of our online trading activities in the SHAC se
Slide 28: Appendix
3U #- HOLDING Appendix 28
Slide 29: Dividend, Share Price and Shareholder Structure
DIVIDEND, SHARE PRICE AND SHAREHOLDER STRUCTURE Share price performance (12 months, as of 30 March 2022) Shareholder structure 3.4 % 29.6 % 65.2% 67.0 % Free float Management and Supervisory Board Lupus alpha Average daily trading volume: >30,000 Information on the share Dividend policy: Market segm
Slide 30: Financial Calendar and Contact
FINANCIAL CALENDAR AND CONTACT Date Event 11 May 2022 Publication of Q1 Quarterly Announcement 25 May 2022 Annual General Meeting 10 August 2022 Publication of Half Year Financial Report 9 November 2022 Publication of Q3 and 9M Quarterly Announcement Contact Dr. Joachim Fleïng 3U HOLDING AG Tel. +49
Slide 31: Disclaimer
Disclaimer The information in this presentation does not constitute an offer to sell or an invitation to submit an offer to purchase or subscribe for shares of 3U HOLDING AG but rather is intended exclusively for information purposes. German legal framework The information contained in this presenta