Jacquet Metals SA · EURONEXT:JCQ
Jacquet Metals SA — ODDO BHF NEXTCAP Forum 2023
18 slides from Jacquet Metals SA's conference presentation, Jun 8, 2023
Slide 1: A European leader in the distribution of special metals
A European leader in the distribution of special metals ODDO BHF NEXTCAP FORUM – June 8th, 2023
Slide 2: Group overview
Group overview Sales LTM: €2.7bn 3,060 employees - 108 distribution centers - 24 countries Worldwide footprint Sales breakdown * Outside Europe 2% Germany 38% Other Europe 22% France 10% Spain 7% The Netherlands 7% North America 7% Italy 7% * As of March 31, 2023 LTM: Last twelve months 2
Slide 3: Added value
Added value Suppliers JACQUET METALS Customers 20 suppliers: ± 50% of purchases Purchase prices 60,000 customers Delivery time: 2 to 12 months Storage of special metals Average invoice < €3,000 Managing price fluctuations Delivery time ± 1 week Finishing services 3
Slide 4: 3 divisions
3 divisions Sales breakdown * JACQUET STAPPERT IMS group Asia and others 6% Germany 11% Germany 48% Outside Germany 44% The Europe 2% Other Netherlands 9% Europe 23% France 12% €600m France 9% €800m €1,300m Outside Italy 7% Europe 1% Spain 12% Other France 6% Other Spain 6% Europe 43% Europe 10% Nor
Slide 5: Sectors
Sectors Stainless steel Engineering steel JACQUET STAPPERT IMS group Quarto plates Long products Chemistry Fabricated metal products Agri-food industry Machinery & equipment Gas treatment and storage Transportation Pharmaceutical industry Energy (wind turbines, etc.) Environment Energy 5
Slide 6: Special metals
Special metals JACQUET STAPPERT IMS group 6
Slide 7: Environmental responsibility
Environmental responsibility Governance: establishment of an operational CSR (Corporate Social Responsibility) committee Carbon footprint: the energy consumption of the Group’s distribution centers accounts for 1.2% of the total emissions Drachten, The Netherlands Promotion of renewable energy / sol
Slide 8: Overall context in Q1 2023
Overall context in Q1 2023 Market conditions Decline in demand and prices in Q1 2023 which is likely to intensify in Q2 2023 Demand Prices Volumes distributed Sales price +15.4% -5.4% Sequential +14.5% -3.7% -0.6% 53.7% 57.6% 30.8% y.o.y. y.o.y. 16.8% 8.9% 5.1% -4.9% -6.1% -10.6% -10.6% Q1.22 Q2.22
Slide 9: Main development markets
Main development markets North America Germany Italy United Kingdom Asia 9
Slide 10: Acquisition February 2023
Acquisition February 2023 1st establishment in Italy Italy Sales ±€10m Staff 12 employees 2 sites Turin Milan 10
Slide 11: Acquisition Signature: February 2023
Acquisition Signature: February 2023 subject to the approval by the anti-trust authorities (ongoing process) Central and Eastern Europe Sales €158m S+B Distribution 2015 Acquisition Staff 267 employees 2023 11 sites 4 in Czech Republic 2 in Poland IMS group 1 in Slovakia 2010 1 in Hungary 1 in Lithu
Slide 12: Ongoing projects 2023-2024
Ongoing projects 2023 - 2024 Italy USA (Chicago) 12
Slide 13: Appendices
Appendices
Slide 14: Q1 2023 metrics (1/2) Activity & results
Q1 2023 metrics (1/2) Activity & results Sales JACQUET: +0.7% / €159m -4.4% STAPPERT: -12.1% / €198m IMS group: -1.6% / €341m In €m 5.1% 1.1% Sequential +14.5% +15.4% -5.4% -3.7% -0.6% -10.6% 53.7% 57.6% y.o.y. y.o.y. 30.8% 8.9% 16.8% 5.1% -4.9% -6.1% -10.6% -10.6% Q1.22 Q2.22 Q3.22 Q4.22 Q1.23 Q1.2
Slide 15: Q1 2023 metrics (2/2) Solid financial position
Q1 2023 metrics (2/2) Solid financial position Operating cash flow +€101m Gearing 23% In €m In €m Operating cash flow Non-current assets +€101m (incl. goodwill €71m 254 and real estate €108m) 717 Shareholders’ equity Net operating WCR (of which inventories: €742m) 734 165 Net debt Provisions, provis
Slide 16: Borrowings as of March 31st, 2023
Borrowings as of March 31st, 2023 Solid financial position The Group had €277m in cash and €817m in lines of credit, 54% of which had been used Authorized at Used at In €m % used 31.03.2023 31.03.2023 Syndicated revolving loan 2024 125 - 0% Schuldscheindarlehen 2024-2025 70 70 100% Schuldscheindarle
Slide 17: Stock market and shareholder structure
Stock market and shareholder structure Stock market information Shareholder structure as of 31.03.2023 31.03.2023 3 months Éric Jacquet / JSA 42.08% (59.02%) Number of shares at end of period shares 23,022,739 Market capitalization at end of period €k 412,107 High € 19.54 Other 39.99% (28.39%) Low €
Slide 18: Euronext Paris ISIN: FR0000033904
Euronext Paris ISIN : FR0000033904