Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Q3 2021 Earnings Presentation
24 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's earnings presentation, Nov 10, 2021
Slide 1: Q3 2021 – Business back at pre-pandemic Level
Q3 2021 – Business back at pre-pandemic Level November 10, 2021 | Ströer SE & Co. KGaA
Slide 2: Agenda
Agenda Group Update 1 Financials Q3 2 Outlook 3 2
Slide 3: 9M 2021 Performance with very different Quarters
9M 2021 Performance with very different Quarters OoH and Group Performance back on track since Q3 Group performance in Q3 back above pre-COVID level Q2 with beginning with some minor V-shape recovery after-effects of the of OoH media pandemic Entire Q1 in hard parallel to more lockdown; cost and mor
Slide 4: Results 9M 2021
Results 9M 2021 More than five months hard lockdown followed by strong rebound in Q3 m€ 9M 2020 9M 2021 ▲ Reported 987.4 1,100.2 +11% Revenues Organic(1) -11.0% 11.3% +22.3%pts EBITDA (adjusted) 291.0 318.9 +10% EBIT (adjusted) 84.1 125.3 +49% Net income (adjusted)(2) 54.1 83.4 +54% Operating cash f
Slide 5: Globally unique OoH+ Strategy with One-Market-Focus
Globally unique OoH+ Strategy with One-Market-Focus COVID-19 as a Stress-Test & a Bump in the Road for our long-term Targets Robust advertising Proprietary tech stack Proprietary long-term market vs. economic & strong programmatic portfolio for further deviations in Germany and data capabilities dig
Slide 6: Recap Capital Market Day October 2021
Recap Capital Market Day October 2021 Clear Focus on strong organic Growth Levers and total Shareholder Return Accelerated Digitisation of Out OoH Plus Synergies & Strong Value Crystalization Potential 1 2 3 of Home Infrastructure Cash Generation of Non-Core Assets Examplary Charts from CMD (October
Slide 7: Focus on Conversion of top Locations to Digital (1)
Focus on Conversion of top Locations to Digital (1) Examplary Sites from 9M 2021 pushing Growth of Roadside Network 14.786 IPS* 21.686 IPS* 56.087 IPS* Düsseldorf Dresden Cologne *Impression per spot; ad contacts per week 7
Slide 8: Focus on Conversion of top Locations to Digital (2)
Focus on Conversion of top Locations to Digital (2) Examplary Sites from 9M 2021 pushing Growth of Total Digital Network Munich Stachus I daily frequency: 300.000 Munich Stachus I daily frequency: 300.000 Bonn I 100.674 IPS* Essen I 23.835 IPS* *Impression per spot; ad contacts per week 8
Slide 9: Focus on Conversion of top Locations to Digital (3)
Focus on Conversion of top Locations to Digital (3) Unique large Formats like the Media Facade in Hamburg The combination of the innovative spectacular lighting high-resolution LED panels three-dimensional facade, sequences and creates a unique stage 500 qm I The perfect symbiosis of Taking home the
Slide 10: Focus on Conversion of top Locations to Digital (4)
Focus on Conversion of top Locations to Digital (4) “Media Stage” in Hamburg’s most exciting Street A new level of brand experience for Hamburg's night owls and young scene 138 qm Full Motion Screen Monthly frequency: 2,44 mio. Shopping I Tourism I Nightlife 10
Slide 11: Focus on Conversion of top Locations to Digital (5)
Focus on Conversion of top Locations to Digital (5) Highly individualised Concepts as in Sylt/Niebüll 11
Slide 12: Agenda
Agenda Group Update 1 Financials Q3 2 Outlook 3 12
Slide 13: Profit and Loss Statement Q3 2021
Profit and Loss Statement Q3 2021 m€ Q3 2020 Q3 2021 ▲% Revenues 355.0 414.3 +17% EBITDA (adjusted) 118.8 138.7 +17% Exceptional items -5.2 -2.5 +51% EBITDA 113.6 136.1 +20% Depreciation & Amortization* -83.4 -75.2 +10% EBIT 30.2 60.9 >+100% Financial result* -6.7 -7.4 -10% Tax result -3.4 -13.0 <-1
Slide 14: Free Cash Flow Perspective Q3 2021
Free Cash Flow Perspective Q3 2021 m€ Q3 2020 Q3 2021 Comment EBITDA (adjusted) 118.8 138.7 Solid cashflow performance in Q3 2021; Free Cashflow - Exceptional items -5.2 -2.5 increase in line with earnings development EBITDA 113.6 136.1 Increase in tax offset by better working capital (working c
Slide 15: Segment Perspective Q3 2021
Segment Perspective Q3 2021 OoH Media Digital & Dialog Media DaaS & E-Commerce m€ m€ m€ Org. growth Margin Org. growth Margin Org. growth Margin +24.5% 48.8% +2.2% 25.4% +42.5% 12.0% 194.2 163.5 170.2 155.9 94.8 71.5 63.0 44.4 43.2 44.2 6.9 7.6 Revenues EBITDA adj. Revenues EBITDA adj. Revenues EBIT
Slide 16: Agenda
Agenda Group Update 1 Financials Q3 2 Outlook 3 16
Slide 17: 2021 – Unchanged Full Year Expectations
2021 – Unchanged Full Year Expectations Ströer assumes, that the emerging fourth wave of COVID-19 cases will have no material adverse impact on the growth of the OOH business given the progress with vaccination programs and the resulting immunity of large parts of the population. Against this backdr
Slide 18: Financial Calendar
Financial Calendar 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 November 10th Publication of August 16th Q3 Quarterly Statement May 18th Publication of Half-Yearly March 1st half Publication of Financial Report Publication of Q1 Quarterly Statement Preliminary Figures 2021 Update on Review of Segmen
Slide 19: Slide 19
Slide 20: Disclaimer
Disclaimer This presentation contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and futur
Slide 21: Appendix
Appendix 21] oo
Slide 22: Profit and Loss Statement 9M 2021
Profit and Loss Statement 9M 2021 m€ 9M 2020 9M 2021 ▲% Revenues 987.4 1,100.2 +11% EBITDA (adjusted) 291.0 318.9 +10% Exceptional items -20.5 -5.6 +73% EBITDA 270.5 313.3 +16% Depreciation & Amortization* -253.7 -230.1 +9% EBIT 16.9 83.2 >+100% Financial result* -21.6 -21.5 +0% Tax result -0.8 -15.
Slide 23: Free Cash Flow Perspective 9M 2021
Free Cash Flow Perspective 9M 2021 m€ 9M 2020 9M 2021 EBITDA (adjusted) 291.0 318.9 - Exceptional items -20.5 -5.6 EBITDA 270.5 313.3 - Interest -17.1 -17.9 - Tax -15.1 -24.8 -/+ WC -28.2 -47.5 - Others 8.3 -1.5 Operating Cash Flow 218.5 221.5 Investments (before M&A) -73.6 -62.1 Free Cash Flow (bef
Slide 24: Segment Perspective 9M 2021
Segment Perspective 9M 2021 OoH Media Digital & Dialog Media DaaS & E-Commerce m€ m€ m€ Org. growth Margin Org. growth Margin Org. growth Margin +1.0% 43.9% +14.8% 24.9% +37.9% 10.9% 439.3 444.5 505.6 438.2 187.9 195.0 174.9 100.1 126.0 128.1 17.2 19.0 Revenues EBITDA adj. Revenues EBITDA adj. Reven