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 2022)
37 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's shareholder meeting presentation, Jun 22, 2022
Slide 1: Annual General Meeting 2022 Sto SE & Co. KGaA
Annual General Meeting 2022 Sto SE & Co. KGaA 22 June 2022 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: Company founder Fritz Stotmeister passed away at the age of 94
Company founder Fritz Stotmeister passed away at the age of 94 In memory of Fritz Stotmeister 26.5.1927 – 21.4.2022 2 Presentation for the annual general meeting 22 June 2022
Slide 3: Our environment is in constant crisis mode
Our environment is in constant crisis mode Russia- Suez Canal Ukraine blockage conflict Peak of the 3rd Peak of the 4th/5th COVID-19 wave COVID-19 wave Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Global Inflation rises above International raw material and 3 % in Germany energy crisis price crisis Lockdo
Slide 4: Closer view of the raw materials market of essential importance
Closer view of the raw materials market of essential importance Use of “riskmethods” to identify and evaluate potential dangers and relevant scenarios in real time 4 Presentation for the annual general meeting 22 June 2022
Slide 5: Position on and engagement in the Russia-Ukraine conflict
Position on and engagement in the Russia-Ukraine conflict ▪ Stop supplies to the Russian subsidiary and other exports to Russia ▪ Reduction of company gas consumption at German sites ▪ Donations as aid for Ukraine ▪ Accommodation for Ukrainian families in the Sto House in Stühlingen 5 Presentation f
Slide 6: Sto Group 2021
Sto Group 2021 About the title image A long-lasting building is one that has been built the right way: with the help of professional tradespeople, using the optimum technologies and materials – and with functions that have been well thought out. Fit for the future. Together with its construction par
Slide 7: Sto Group turnover
Sto Group turnover Steady growth, new record achieved in EUR million 1.600 1,600 1,590.5 1.400 1,400 1,433.0 1,398.2 1,332.4 1,277.4 1.200 1,200 1.000 1,000 800 600 2017 2018 2019 2020 2021 Information acc. to IFRS 7 Presentation for the annual general meeting 22 June 2022
Slide 8: Acquisition of the remaining JONAS shares
Acquisition of the remaining JONAS shares Acquisition of the remaining shares of JONAS Farben GmbH in Wülfrath/Germany; full consolidation in the 2021 fiscal year 8 Presentation for the annual general meeting 22 June 2022
Slide 9: Sto Group turnover
Sto Group turnover Positive development in and outside of Germany in EUR million In Germany Outside Germany 900 898.0 800 786.9 772.9 736.4 700 714.6 692.5 660.1 600 611.3 596.0 562.8 500 400 2017 2018 2019 2020 2021 Information acc. to IFRS 9 Presentation for the annual general meeting 22 June 2022
Slide 10: Sto Group turnover
Sto Group turnover Developments in the product groups Facade systems Facade coatings Interior Other product groups in EUR million 248.0 230.6 247.9 211.5 354.6 322.1 668.9 740.0 2020 2021 10 Presentation for the annual general meeting 22 June 2022
Slide 11: Development of EWIS market in Germany
Development of EWIS market in Germany Market volume in 2021 increased to 7-year high 50 39.6 40 36.6 36.1 34.9 33.6 33.9 34.3 35.1 33.3 m² million 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: B+L Marktdaten GmbH: Quarterly report Q3 2021 EWIS B+L Marktdaten GmbH updated with retro
Slide 12: Sto Group EBIT & EAT
Sto Group EBIT & EAT Improvement in comparison to the previous year, all-time highs in EUR million EBIT EAT 140 120 124.5 120.8 100 94.7 80 85.9 84.0 81.9 80.7 60 56.3 55.8 53.8 40 20 2017 2018 2019 2020 2021 Information acc. to IFRS 12 Presentation for the annual general meeting 22 June 2022
Slide 13: P&L Sto Group
P&L Sto Group Very positive overall development P&L in EUR million 2021 2020 Difference Total revenues 1,604.9 1,432.9 172.0 12.0% Other operating income 25.5 21.4 4.1 19.2% Cost of materials -760.5 -628.4 -132.1 -21,0% Personnel expenditure -405.0 -384.3 -20.7 -5,4% Other operating expenses -269.5
Slide 14: Cash flow Sto Group
Cash flow Sto Group Another increase in untied funds Cash flow in EUR million 2021 2020 Difference from operating activities 111.4 177.2 -65.8 -37.1% from investment activities -51.1 -123.7 72.6 58.7% from financing activities -57.1 -49.2 -7.9 -16.1% Exchange rate effects 3.9 -2.9 6.8 234.5% Cash an
Slide 15: Sto Group investments and depreciation / amortisation
Sto Group investments and depreciation / amortisation Continual investments in further growth in EUR million Investments Depreciation/amortisation 50 46.9 45.5 40 41.9 41.7 35.3 33.3 33.2 32.7 30 32.1 20 31.3 10 0 2017 2018 2019 2020 2021 Information acc. to IFRS; however, without effects from IFRS
Slide 16: Investment in SÜDWEST Lacke + Farben
Investment in SÜDWEST Lacke + Farben Higher capacities, faster processes With the opening of the new Logistics Centre, SÜDWEST prepares the way for further growth 16 Presentation for the annual general meeting 22 June 2022
Slide 17: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 31/12/2021, strong equity base in EUR million 973.8 Non-current assets 973.8 Equity capital 518.8 610.0 (Equity ratio 56.2%) Current assets 428.8 Non-current provisions and liabilities 210.9 Current provisions and liabilities Cash and
Slide 18: Sto Group employees
Sto Group employees Moderate increase in 2021 In Germany Outside Germany Sto Group 3.500 3,500 6.000 6,000 3.000 3,000 3,127 3,000 2,943 2,887 2,884 2.500 2,500 2,590 2,570 2,545 2,446 2,424 2.000 2,000 5,500 5.500 5,697 1.500 1,500 5,545 5,533 1.000 1,000 5,333 5,308 500 0 5.000 5,000 31.12.2017 31
Slide 19: Sto share | Share price trend
Sto share | Share price trend 210.00 Sto share 01/01/2021-14/06/2022 (indexed as of 30 December 2019 = 100), Xetra 190.00 170.00 150.00 130.00 110.00 90.00 70.00 50.00 30.00 30/12/20 30/01/21 28/02/21 31/03/21 30/04/21 31/05/21 30/06/21 31/07/21 31/08/21 30/09/21 31/10/21 30/11/21 31/12/21 31/01/22
Slide 20: Strategy 2025
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 21: Strategy 2025 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 potential
Slide 22: Strategy implementation
Strategy implementation Example | Introduction of sustainable insulation systems The first AimS® family products are launched on the German and other European markets 22 Presentation for the annual general meeting 22 June 2022
Slide 23: Strategy implementation
Strategy implementation Example | Surface variety I Sto applies traditional facade materials to visually high-quality, energy-efficient facade systems Bricks Ceramics Facing bricks Decorative profiles 23 Presentation for the annual general meeting 22 June 2022
Slide 24: Strategy implementation
Strategy implementation Example | Surface variety II Sto applies traditional facade materials to visually high-quality, energy-efficient facade systems Natural stone Render Ecoshapes 24 Presentation for the annual general meeting 22 June 2022
Slide 25: Strategy implementation
Strategy implementation Example | StoVentec Photovoltaics Inlay 1) Sustainable Change from thin-layer to Solar energy generation, thermal and weather monocrystalline technology protection through insulation, sound insulation, durability, dismantling, and recyclability 38 % more power 34 % lower cost
Slide 26: Strategy implementation
Strategy implementation Example | Sustainability goals and measures in 2021 Climate protection Environmental Recycling economy Health and well- Transparency and protection being social responsibility ▪ Increasing energy ▪ ISO 14001 in Sto ▪ Recycling of products ▪ Low-emission ▪ Respecting human eff
Slide 27: Strategy implementation
Strategy implementation Example | EU taxonomy Taxonomy key figures in EUR k total taxonomy- percentage percentage eligible taxonomy- not eligible taxonomy- eligible TURNOVER 1,590,529 851,874 53.6% 46.4% CAPEX 118,526 53,313 45.0% 55.0% OPEX 38,931 8,635 22.2% 77.8% The Sto Group operates taxonomy-c
Slide 28: Strategy implementation
Strategy implementation Example | Distribution centre in Halle The full-range distribution centre has 10,000 pallet spaces over a storage area of 11,500 m² and holds stocks of the entire Sto Group range 28 Presentation for the annual general meeting 22 June 2022
Slide 29: Course of the year 2022 to date
Course of the year 2022 to date Highlights 01 – 03 2022 368.0 5.6 EUR million Turnover EUR million Investments* +21.2% vs. PY -50.4% vs. PY 5,773 consolidated earnings exceeded PY Employees +1.2% vs. PY * Without: financial assets and IFRS 16; Information acc. to IFRS 29 Presentation for the annual
Slide 30: Outlook 2022
Outlook 2022 Forecast | Outlook for 2022 as a whole *Without the influence of the Russia-Ukraine conflict. It must be pointed out that the weather conditions, which are important for the Sto Group’s business development, may have a significant impact on the development of turnover and earnings in th
Slide 31: Legal adjustments entail certain risks for Sto...
Legal adjustments entail certain risks for Sto... European chemicals strategy for sustainability → Extensive and overarching tightening up of chemicals legislation is expected starting 2023 → Implementation over the course of the following 5–10 years Potential risks: Sto is taking a proactive approa
Slide 32: ...however, the additional opportunities outweigh them
…however, the additional opportunities outweigh them - especially through the Green Deal 2025 Objectives: European continent climate neutral by 2050 Reduction of greenhouse gas emissions by 55 % by 2030 Allocated to buildings: ▪ 35 MILLION buildings could be > 40 % of energy consumption RENOVATED >
Slide 33: Successful launch of the 360° brand campaign
Successful launch of the 360° brand campaign “For the love of building. Building with conscience.“ 33 Presentation for the annual general meeting 22 June 2022
Slide 34: Awards
Awards * * 2-year award Best project consulting Colours and paints 34 Presentation for the annual general meeting 22 June 2022
Slide 35: Members of the Foundation Council – changes
Members of the Foundation Council – changes ▪ Jochen Stotmeister resigns from the Foundation Council Board ▪ Christoph M. Stolz becomes new Executive Board member and treasurer Prof. Ralf Pasel (member for Architecture), Jochen Stotmeister, Till Stahlbusch (Chairperson of the Foundation Council Boar
Slide 36: Thank you very much for the successful collaboration
Thank you very much for the successful collaboration 36 Presentation for the annual general meeting 22 June 2022
Slide 37: Thank you for your interest!
Thank you for your interest! Sto SE & Co. KGaA 22 June 2022 Presentation for the annual general meeting Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 3 7