Slide 1: Results Presentation
Results Presentation For the six months ended 30 September 2022 8 November 2022
Slide 2: 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”). This presentation contains some forward-looking statements that represent DCC’s expectations for its business, based on cu
Slide 3: Agenda
Agenda Highlights of H1 FY23 03 Business and financial review 05 Strategy and development review 09 Summary, outlook and Q&A 15 Appendix 18 2 DCC Results Presentation – 8 November 2022
Slide 4: Highlights
Highlights For the six months ended 30 September 2022 Donal Murphy Chief Executive
Slide 5: H1 FY23 highlights
H1 FY23 highlights DCC continues to deliver Strong growth in H1 + Adj. operating profit up 13.0% to £221.2m + Strong growth despite volatile and challenging macro environment operating profit + Reflects resilient business model and strong market positions Excellent period of acquisition activity + M
Slide 6: Business & financial review
Business & financial review Kevin Lucey Chief Financial Officer
Slide 7: Financial highlights
Financial highlights For the six months ended 30 September 2022 £ 2022 2021 % change % change CC Revenue 10.837bn 7.518bn +44.1% +44.4% Group adjusted operating profit1 221.2m 195.8m +13.0% +10.7% Adjusted EPS1 146.4 pence 134.2 pence +9.1% +6.7% Interim dividend per share 60.04 pence 55.85 pence +7
Slide 8: Divisional results
Divisional results For the six months ended 30 September 2022 £’m 2022 2021 % change % change CC Adj. Operating Profit by Division Adjusted operating profit1 DCC Energy 132.5 118.4 +11.9% +12.4% 21% DCC Healthcare 43.2 50.2 -13.9% -16.0% DCC Technology 45.5 27.2 +67.4% +52.7% 19% 60% Group adj. oper
Slide 9: Divisional highlights
Divisional highlights For the six months ended 30 September 2022 DCC Energy • Strong operating profit growth +11.9%, majority of which is organic • Volume growth* of 1.9% driven by acquisitions, plus rebound in commercial and hospitality demand • Solutions – strong organic profit growth, particularl
Slide 10: Strategy and development review
Strategy and development review Donal Murphy Chief Executive
Slide 11: Our diversified model provides expansion opportunities and sustainable earnings growth
Our diversified model provides expansion opportunities and sustainable earnings growth Winning commercial strategies… Energy strategy Healthcare strategy Technology strategy Our strategy is to accelerate Building a leading healthcare To be the the net zero journey of our business, providing products
Slide 12: Our growth trajectory will change the shape of the Group by 2030
Our growth trajectory will change the shape of the Group by 2030 By reducing the reliance on ‘fossil’ profitability DCC Technology, DCC Healthcare, FY22 Group adjusted operating 2030 vision for DCC Energy – Services & Renewables profit pro-forma for Almo shape of Group DCC Energy: Traditional / 70-7
Slide 13: Acquisition of Medi-Globe
Acquisition of Medi-Globe Largest Healthcare acquisition to date – completed in October 2022 • Creates scale platform in European medical devices sector • Medi-Globe is focused on single-use medical devices used in minimally invasive diagnostic and therapeutic procedures, mainly in gastroenterology
Slide 14: Expanding our energy solutions
Expanding our energy solutions PVO Protech Group Freedom Heat Pumps • Leading distributor of • Provides a wide range of • One of the UK’s largest solar panels, invertors, renewable and energy distributor of air source batteries and accessories efficient heating solutions heat pumps • Excellent strat
Slide 15: Leading with Energy: since May 2022
Leading with Energy: since May 2022 • New DCC Energy divisional and regional management structure established; ‘Leading with Energy’ implemented by team through H1 FY23 • Fabian Ziegler started as CEO of DCC Energy a week ago having led Shell’s energy transition in Germany • H1 acquisitions grow our
Slide 16: Summary, outlook and Q&A
Summary, outlook and Q&A Donal Murphy Chief Executive
Slide 17: Summary & outlook
Summary & outlook Strong growth and Excellent acquisition Sustainability and development activity energy transition Group continues to Good progress in Leading with energy perform well delivering our priorities Expanded our energy Resilient business model Active acquisition pipeline services and ren
Slide 18: Strategy continues to deliver
Strategy continues to deliver 28-year CAGR1 28-year CAGR Adjusted operating profit (£m)1 Adjusted EPS (pence) 14.1% 11.8% 589 430 530 387 494 358 363 461 318 304 383 345 257 285 209 191 173 171 208 158 189 140 142 176 170 155 139 116 131 98 97 78 85 65 74 61 62 68 78 50 58 37 46 49 54 30 31 38 42 15
Slide 19: Appendix
Appendix > an
Slide 20: DCC Energy
DCC Energy 2022 2021 % change % change CC Operating profit by business Volume (bn litres equivalent) 7.197 7.060 +1.9% Energy Solutions 41% Operating profit (£’m) 132.5 118.4 +11.9% +12.4% Mobility 59% Operating profit per litre 1.84ppl 1.68ppl Strong operating profit growth, particularly in renewab
Slide 21: DCC Healthcare
DCC Healthcare 2022 2021 % change % change CC Revenue by business Revenue (£’m) 377.7 384.2 -1.7% -3.9% DCC Vital DCC H&BS 49% 51% Operating profit (£’m) 43.2 50.2 -13.9% -16.0% Operating margin 11.4% 13.1% Operating profit decline in H1 as anticipated, very strong prior year comparatives DCC Vital:
Slide 22: DCC Technology
DCC Technology 2022 2021 % change % change CC Revenue by geography UK&Ire Revenue (£’bn) 2.541 1.985 +28.0% +27.4% 20% North 40% America/RoW Operating profit (£’m) 45.5 27.2 +67.4% +52.7% Continental Europe 40% Operating margin 1.8% 1.4% Very strong revenue and profit growth • Very strong revenue an