Sto SE & Co. KGaA Vorz-Inhaber-Akt Ohne Stimmrecht · XETR:STO3
Sto SE & Co. KGaA Vorz-Inhaber-Akt Ohne Stimmrecht — Sto SE & Co. KGaA — Shareholder Meeting (June 2021)
39 slides from Sto SE & Co. KGaA Vorz-Inhaber-Akt Ohne Stimmrecht's shareholder meeting presentation, Jun 16, 2021
Slide 1: Annual General Meeting 2021 Sto SE & Co. KGaA
Annual General Meeting 2021 Sto SE & Co. KGaA 16/06/2021 Presentation for the annual general meeting Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 1
Slide 2: COVID-19 pandemic
COVID-19 pandemic World in crisis mode over novel coronavirus Tangible influence of the pandemic on Sto from mid- March 2020: ▪ Sto companies in France, Italy and China particularly negatively affected ▪ Domestic demand at Sto SE & Co. KGaA largely stable as construction sites remain open Immediate
Slide 3: COVID-19 pandemic: accelerator of digitisation
COVID-19 pandemic New general conditions as accelerator of digitisation Managing Directors' Conference Sales meeting in Germany In a dialogue with the Executive Board Participation in ArchitekTOUR 2020 Webinars with architects and much more... 3 Presentation for the annual general meeting 16/06/2021
Slide 4: Sto Group 2020
Sto Group 2020 Improved earnings, and earnings forecast significantly exceeded Folkart Hills residential estate, Cesme, TR Planning: Dilekci Architects, Istanbul, TR 4 Presentation for the annual general meeting 16/06/2021
Slide 5: Acquisitions in 2020
Acquisitions in 2020 Majority shareholding in VIACOR Polymer GmbH in Rottenburg/Germany leads to a first-time consolidation in the 2020 fiscal year 5 Presentation for the annual general meeting 16/06/2021
Slide 6: Sto Group turnover
Sto Group turnover Steady growth in EUR million 1,600 1.600 1,398.2 1.398,2 1.433,0 1,433.0 1,332.4 1.332,4 1,400 1.400 1,277.4 1.277,4 1,230.7 1.230,7 1,200 1.200 1,000 1.000 800 600 2016 2017 2018 2019 2020 Information acc. to IFRS 6 Presentation for the annual general meeting 16/06/2021
Slide 7: Sto Group turnover
Sto Group turnover Positive development in and outside of Germany in 2020 under COVID-19 influence Germany outside of Germany in EUR million 1.000 1,000 900 786.9 786,9 772.9 772,9 800 682,0 682.0 714.6 714,6 736.4 736,4 700 600 660.1 660,1 596,0 596.0 611,3 611.3 500 548,7 562.8 562,8 548.7 400 300
Slide 8: Development of EWIS market in Germany
Development of EWIS market in Germany Market volume in 2020 increased to 5-year high million m2 50 39,1 39.1 40 35.8 35,8 34.0 34,0 32.8 32,8 33,0 33.0 33.9 33,9 32.6 32,6 32,2 32.2 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 Source: B+L Marktdaten GmbH 8 Presentation for the annual general m
Slide 9: Sto Group turnover: product groups
Sto Group turnover Developments in the product groups facade systems facade coatings products for interiors other product groups in EUR million 218,8 218.8 230,6 230.6 197,8 197.8 211,5 211.5 304,6 304.6 322.1 322,1 677,1 677.1 668.9 668,9 2019 2020 9 Presentation for the annual general meeting 16/0
Slide 10: Sto Group EBIT & EAT
Sto Group EBIT & EAT Significant improvement in comparison to the previous year, all-time highs in EUR million EBIT EAT 140 120.8 120,8 120 100 84.0 84,0 85.9 85,9 81,9 81.9 80 70,3 70.3 80,7 80.7 60 55,8 55.8 53,8 56,3 56.3 40 45,7 53.8 45.7 20 0 2016 2017 2018 2019 2020 Information acc. to IFRS 10
Slide 11: P&L Sto Group
P&L Sto Group Very positive overall development P&L in EUR million 2019 2018 Difference Total revenues 1,432.9 1,396.7 36.2 2.6% Other operating income 21.4 19.1 2.3 12.0% Cost of materials -628.4 -631.6 3.2 0.5% Personnel expenditure -384.3 -372.2 -12.1 -3.3% Other operating expenses -252.5 -269.6
Slide 12: Cash flow Sto Group
Cash flow Sto Group Another increase in untied funds Cash flow in EUR million 2020 2019 Difference from operating activities 177.2 117.0 60.2 51.5% from investment activities -123.7 -31.6 -92.1 291.5% from financing activities -49.2 -62.9 13.7 -21.8% Exchange rate effects -2.9 0.8 -3.7 -462.5% Cash
Slide 13: Sto Group investments and depreciation/amortisation
Sto Group investments and depreciation/ amortisation Continual investments in further growth in EUR million Investments Depreciation/amortisation 60 50 45.5 45,5 37.5 37,5 35.3 40 35,3 32.7 32,7 32.1 32,1 41,7 41.7 30 33,3 33,2 32,7 32.7 33.3 31,3 33.2 31.3 20 10 0 2016 2017 2018 2019 2020 Informati
Slide 14: Investment at Sto Austria
Investment at Sto Austria Construction of a dry production plant in Villach/Austria 14 Presentation for the annual general meeting 16/06/2021
Slide 15: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 31/12/2020, strong equity base in EUR million 973.8 973.8 Non-current Equity (equity ratio 54.6 %) 462,7 462.7 assets 531,4 531.4 Non-current provisions Current 204,4 204.4 and liabilities 381,1 381.1 assets Current provisions and liab
Slide 16: Sto Group employees
Sto Group employees Moderate increase in 2020 Sto Group Germany outside of Germany 6.000 6,000 5,533 5.533 5,545 5.545 5.251 5,251 5.308 5,308 5,333 5.333 5.000 5,000 4.000 4,000 2,895 2.895 2.884 2,887 2.887 2,943 2.943 3,000 3.000 2,884 3.000 3,000 2,000 2.000 2.424 2,446 2.446 2.590 2,590 2,545 2
Slide 17: Sto share | Price trend
Sto share | Price trend Positive trend since low due to the coronavirus pandemic 280.00 230.00 180.00 130.00 80.00 30.00 28/12/18 28/01/19 28/02/19 31/03/19 30/04/19 31/05/19 30/06/19 31/07/19 31/08/19 30/09/19 31/11/19 30/11/19 31/12/19 31/01/20 28/02/20 31/03/20 30/04/20 31/05/20 30/06/20 31/07/20
Slide 18: Course of the year 2021 to date
Course of the year 2021 to date First quarter of 2021 ▪ Consolidated turnover up by 7.1 % to EUR 303.7 million as compared to the same period of the previous year ▪ Group-wide, organic increase in turnover of 6.8 % ▪ Acquisition of the remaining shares of JONAS Farbenwerke GmbH & Co. KG in Wülfrath/
Slide 19: Strategy 2025
Strategy 2025 Strategy review successfully completed 19 Presentation for the annual general meeting 16/06/2021
Slide 20: Strategy 2025: Achieving the 2022 target was questionable
Strategy 2025 Achieving the 2022 target was questionable in EUR billion Turnover Gross profit margin EBT 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20 Presentation for the annual general meeting 16/06/2021
Slide 21: Strategy 2025 VUCA
Strategy 2025 Constant and ongoing change in the modern world ▪ The world is increasingly characterised by volatility, uncertainty, complexity, VUCA and ambiguity – VUCA ▪ Technology and innovations are continually providing new stimuli at ever- decreasing intervals and are accelerating market devel
Slide 22: Overview of the objectives of the new strategy
Strategy 2025 Overview of the objectives of the new strategy Customer focus Performance potential We are a reliable and flexible We harness and promote partner, and stand for expert Finances potential in relation to market advice, functional products, Sustainable, reach, solutions leadership, and an
Slide 23: Strategic dimensions with core initiatives
Strategy 2025 3 strategic dimensions with 14 core initiatives Growth initiatives Profit initiatives 1. Core segment of external wall 10. Centrally managed supply chain insulation systems 11. Efficient process organisation 10% 2. Two-stage distribution EBT 12. Reduced complexity 3. Market potentials
Slide 24: We are making sustainability a core area of expertise
Strategy 2025 Examples We are making sustainability a core area of expertise Building with conscience. Function / Sustainability Aesthetic appeal Service Technology Holistic Key areas of focus Climate protection Environmental Circular economy Health & well-being Transparency & protection social resp
Slide 25: Climate protection | Sto's business model makes a direct contribution
Strategy 2025 Climate protection | Sto’s business model makes a direct contribution 2020 Annual Report Sto SE & Co. KGaA 25 Presentation for the annual general meeting 16/06/2021
Slide 26: We are making sustainability a core area of expertise
Strategy 2025 Examples We are making sustainability a core area of expertise Building with conscience. Function / Sustainability Aesthetic appeal Service Technology Holistic Key areas of focus Climate protection Environmental Circular economy Health & well-being Transparency & protection social resp
Slide 27: Renovation systems for the European Green Deal
Strategy 2025 Examples We are supplying renovation systems for the European Green Deal Green Deal as an opportunity for Sto: ▪ Subsidies for energy-efficient building refurbishment can result in a wave of renovations ▪ Large building stock must be served, which requires efficient solutions Any risks
Slide 28: Digitally supported technical complete solutions
Strategy 2025 Examples We are creating efficiency-enhancing - digitally supported - technical complete solutions ▪ Visualisation and tendering software with artificial intelligence for industrially prefabricated facades ▪ Saves 80 % of time as compared to current tools ▪ Optimum solution between cus
Slide 29: Examples | Core initiative
Strategy 2025 Examples | Core initiative 5 29 Presentation for the annual general meeting 16/06/2021
Slide 30: Digital capturing of buildings with StoCapture
Strategy 2025 Examples We are creating efficiency-enhancing - digitally supported - technical complete solutions Digital capturing of buildings with StoCapture ▪ Mobile laser scanner ▪ 360° scan, horizontally and vertically ▪ 600,000 laser points per second ▪ Optimised for scanning facades 30 Presen
Slide 31: Growing in core segment of EWIS
Strategy 2025 Examples We are continuing to grow in our core segment of EWIS and in doing so are enhancing our focus on sustainable insulation systems StoTherm AimS® is the first complete system in which the base coat, the finishing render as well as the facade paint have all been optimised in terms
Slide 32: Evolving to an efficient process organisation
Strategy 2025 Examples We are evolving - supported by the digital transformation - to become an efficient process organisation Adjusted control and IT processes in manufacturing 32 Presentation for the annual general meeting 16/06/2021
Slide 33: Global e-learning platform
Strategy 2025 Examples ▪ Central and globally uniform e-learning platform ▪ Globally uniform formats, regional and local particularities ▪ Modern look and feel facilitates the use of the training courses ▪ Online, blended-learning and in-person classes ▪ Classes on technical topics, methodologies, a
Slide 34: Outlook 2021
Outlook 2021 Forecast | Outlook for 2021 as a whole 2021 Turnover EUR 1,498 million Growth in turnover as compared 4.5% to previous year EBIT EUR 98 - 113 million EBT EUR 95 - 110 million Return on sales 6.3% - 7.3% 34 Presentation for the annual general meeting 16/06/2021
Slide 35: Outlook: Achievement of objectives
Outlook: Achievement of objectives This is why we are convinced we can reach our targets: 2025 ▪ Sto has a clearly worded strategy ▪ Sto has a tailwind thanks to global trends, such as climate protection ▪ Sto delivers solutions for increasing energy efficiency and for reducing CO2 emissions ▪ Sto a
Slide 36: Awards
Awards Award-winning building with StoVentec R 36 Presentation for the annual general meeting 16/06/2021
Slide 37: Awards
Awards EWIS Best project consulting Best reference project 37 Presentation for the annual general meeting 16/06/2021
Slide 38: Building with conscience.
Building with conscience. Brand video & brand campaign 38 Presentation for the annual general meeting 16/06/2021
Slide 39: Thank you for your interest!
Thank you for your interest! Sto SE & Co. KGaA 16/06/2021 Presentation for the annual general meeting Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 3 9