Dcc Plc · LSE:DCC
Dcc — Investor Presentation (March 2013)
24 slides from Dcc's investor presentation, March 2013
Slide 1: Company Overview Presentation March 2013
Company Overview Presentation March 2013
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: Business Overview
Business Overview Sales, marketing and distribution of oil and liquefied petroleum DCC Energy gas products Sales, marketing and distribution of IT, communications and home DCC SerCom entertainment products. Supply chain management services Sales, marketing and distribution of medical device and phar
Slide 4: DCC
DCC DCC is a sales, marketing, distribution and business support services Group operating across 5 divisions Profit By Division * Profit by Geography * DCC Energy 6% 8% 18% DCC SerCom (IT, Communications & 12% Home Entertainment Products) UK 45% DCC Healthcare 14% ROI DCC Environmental 68% Rest of W
Slide 5: DCC - History
DCC - History 1976 - 90 Origins as a venture and development capital company, with clear focus on return on capital employed and operating profit. Generated a compound annual return on investment of 23% over this period. 1990 - 94 Transition to diversified group focused on 5 sectors Energy, IT, He
Slide 6: DCC's Strategy
DCC’s Strategy Our Objective: To build a growing, sustainable and cash generative business which consistently provides returns on total capital employed significantly ahead of its cost of capital We aim to achieve this through: • Creating and sustaining leading positions in each of the markets in wh
Slide 7: The Business: By Division
The Business: By Division 7
Slide 8: DCC Energy
DCC Energy (45% of FY 2012 Group Profit) Sales, marketing and distribution of oil and liquefied petroleum gas (LPG) FY 2012 • Oil for transport, heating and industrial / agricultural processes Revenue €7,823.0m • LPG for heating, cooking, transport and industrial / agricultural processes Operating p
Slide 9: DCC Energy – our business
DCC Energy – our business Market Business Statistics (year ended 31 March 2012) Geography Volume Market Share Position c. 11 billion Litres Britain - oil c. 6,500mL 16% No. 1 Volumes (annualised including acquisitions) Britain - LPG c. 275kT c. 25% No. 2 Customers c. 1 million Ireland - oil c. 1,000
Slide 10: DCC Energy – vision & strategy
DCC Energy – vision & strategy Litres DCC Energy’s vision is to be the leading oil and LPG sales, (billion) Volumes marketing and distribution business in Europe 9 • With strong local market shares 8 7.9 7 • Operating under multiple brands 6 7.1 • Generating high levels of ROCE 5 6.2 4 • Expanding i
Slide 11: DCC SerCom
DCC SerCom (29% of FY 2012 Group Profit) DCC SerCom - sales, marketing and distribution of IT, communications and FY 2012 home entertainment products and supply chain management services to ICT Revenue €2,181.2m industry Operating profit €53.2m Business model ROCE * 15.7% IT, 10,000 communications c
Slide 12: DCC SerCom – our business
DCC SerCom – our business FY 2012 Product Split Market DCC SerCom Geography Position Other, 15% Britain No. 2 Games software / PCs & servers, 30% DVD, 10% Ireland No. 2 IT, Communications France No. 7 Games consoles, & Home 10% Holland Niche Entertainment Consumables, 10% Products Sweden Niche Commu
Slide 13: DCC SerCom – vision & strategy
DCC SerCom – vision & strategy Operating Profit * (€m) 5 Yr. CAGR 10.3% 47.9 42.5 DCC SerCom’s vision is to be the leading specialist consumer 36.7 36.8 IT distribution business in Western Europe 35.0 29.2 • With strong local market shares • Generating high levels of ROCE • Expanding into new geogra
Slide 14: DCC Healthcare
DCC Healthcare (12% of FY 2012 Group Profit) Sales marketing and distribution of pharmaceutical and medical products FY 2012 and provision of services to health & beauty sector brand owners Revenue €330.0m • DCC Vital - provision of sales, marketing, distribution and other services in Ireland and Br
Slide 15: DCC Healthcare – our business
DCC Healthcare – our business Geography Market Position Analysis of FY12 sales No. 1 sales, marketing & distribution of medical Ireland devices and pharma products No. 1 pharma compounding service provider Devices 27% Health & Beauty A leading player in the UK generic 28% pharmaceutical market No .1
Slide 16: DCC Healthcare – vision & strategy
DCC Healthcare – vision & strategy DCC Healthcare’s vision is to build a substantial healthcare business principally focused on the provision of value added services to the medical device, pharma and health & beauty sectors Operating Profit* (€m) • With strong local market shares 5 Yr. CAGR 2.2% 23.
Slide 17: DCC Environmental – our business
DCC Environmental – our business (8% of FY 2012 Group Profit) Geography Market Position Business Stats (year ended 31 March 2012) No. 1 hazardous waste Ireland management business Revenue €132.7m Operating Profit €14.2m A leading recycling, waste management and resource ROCE 10.2% * Britain recovery
Slide 18: DCC Environmental – vision & strategy
DCC Environmental – vision & strategy DCC Environmental’s vision is to be a leading broadly Operating Profit (€m) based waste management and recycling business in Britain and Ireland 5 Yr. CAGR 6.4% • With strong local market shares 14.0 14.2 • Generating high levels of ROCE • Taking advantage of th
Slide 19: DCC Food & Beverage – our business
DCC Food & Beverage – our business (6% of FY 2012 Group Profit) Category Market Position Business Stats (year ended 31 March 2012) No. 1 in ambient healthy foods Revenue €223.4m Healthy Foods in ROI Operating Profit €10.7m A leading independent wine Wine distributor in Ireland ROCE 13.7% * Strong po
Slide 20: DCC Food & Beverage – vision & strategy
DCC Food & Beverage – vision & strategy DCC Food & Beverage’s vision is to be a leading added value sales, marketing and distribution business, building Operating Profit (€m) number 1 or number 2 branded positions in focused segments 5 Yr. CAGR -6.7% • With strong market shares • Generating high lev
Slide 21: Operating Profit (€'m)
Operating Profit * (€’m) 229.6 18 year CAGR ** 12.5% 192.8 185.0 180.4 10 year CAGR 167.2 7.3% 140.1 5 year CAGR 5.7% 121.0 109.3 101.6 97.2 91.1 83.3 67.0 53.5 41.5 27.3 29.7 22.4 24.2 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 * excluding net exc
Slide 22: Adjusted EPS (cent)
Adjusted EPS* (cent) 18 year CAGR ** 203.2 11.0% 178.0 10 year CAGR 169.1 165.1 163.5 5.6% 143.5 5 year CAGR 2.6% 124.0 115.1 106.0 101.5 94.9 82.2 65.3 55.4 44.4 37.5 28.4 31.9 24.8 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 * excluding net exceptionals, MPH and amortisation of intang
Slide 23: Dividend (cent)
Dividend (cent) 77.89 18 year CAGR * 74.18 14.9% 67.4 10 year CAGR 62.3 12.3% 56.7 5 year CAGR 49.3 9.6% 42.9 37.3 32.4 28.2 24.5 21.1 17.6 14.7 12.2 10.2 7.8 8.8 6.4 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 * Since flotation in 1994 Years ended 31 March 23
Slide 24: Shareholder base
Shareholder base Management Oct 2012 2.8% Lending/ (% Holding) Market Institutions Makers 7.9% North America 34.3% North Retail America UK 27.1% 11.5% 34.3% Cont Europe/Asia 8.5% Total overseas 69.9% Irish 7.9% Irish 7.9% Total institutional 77.8% Cont. Europe/Asia Retail 11.5% 8.5% UK 27.1% Managem