3u Holding Ag · XETR:UUU
3u — H1 2023 Earnings Presentation
24 slides from 3u's earnings presentation, Aug 14, 2023
Slide 1: Earnings Call H1/2023
Earnings Call H1/2023 14 August 2023 Successful in Megatrends
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that are subject to various risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies tha
Slide 3: Events & Earnings H1/2023
3U a HOLDING Events & Earnings H1/2023
Slide 4: The success story of value creation continues
THE SUCCESS STORY OF VALUE CREATION CONTINUES THE 3U GROUP IS ON TRACK WITH ITS STRATEGIC OPERATIONAL DEVELOPMENT High-margin ITC and Renewable Energy (RE) businesses remain growth drivers despite challenging economic environment / SHAC segment outperforms market but cannot resist economic slowdown
Slide 5: Economic slowdown leaves its mark on the financial statements
ECONOMIC SLOWDOWN LEAVES ITS MARK ON THE FINANCIAL STATEMENTS Q2/2022 vs. Q2/2023 and H1/2022 vs. H1/2023 (continued operations) in EUR million Revenue 25.4 25.1 • Economic conditions and • Overall development significantly burdened by decline in demand in SHAC uncertainties affect Q2 eCommerce in t
Slide 6: Development in Q2 shows mixed picture in the segments
DEVELOPMENT IN Q2 SHOWS MIXED PICTURE IN THE SEGMENTS Q2/2022 vs. Q2/2023 and H1/2022 vs. H1/2023 in EUR million ■ REVENUE ITC (continued operations) EBITDA • ITC: Implementation of strategic measures according to plan; successful expansion of DC&MS activities, in relation to recurring revenues, and
Slide 7: Dividend payment results in significant balance sheet slim down
DIVIDEND PAYMENT RESULTS IN SIGNIFICANT BALANCE SHEET SLIM DOWN Assets (in EUR million) Shareholders‘ equity and liabilities (in EUR million) 243.603 • The balance sheet reduction is mainly 243.603 due to the dividend payment of EUR 117.5 million. • Increase in inventories by EUR 1.0 million to EUR
Slide 8: Solid balance sheet ratios and financial KPI
SOLID BALANCE SHEET RATIOS AND FINANCIAL KPI In EUR million 30.06.2023 31.03.2023 31.12.2022 Total assets 125.5 244.8 243.6 Inventories 11.8 12.1 10.8 Cash and cash equivalents 68.0 185.8 189.7 Equity 96.4 213.8 211.2 Equity ratio 76.9 % 87.3 % 86.7 % Debt to equity (liabilities ∕ equity) 30.1 % 14.
Slide 9: Forecast 2023
FORECAST 2023 STRONG REVENUE GROWTH, NORMALISED EBITDA DUE TO LOWER INCOME AT HOLDING LEVEL Group KPI (in EUR million)* Group Revenue EBITDA Margin 55 - 60 50.3 44.7 20.6 % 17.3 % 10% - 13% 2021 2022 2023 (e) 2021 2022 2023 (e) EBITDA Net Result 9.2 8.7 6-8 3.2 2.5 – 3.5 2.1 2,5 2021 2022 2023 (e) 9
Slide 10: Targets and Strategy
TARGETS AND STRATEGY Successful in Megatrends
Slide 11: 3U HOLDING AG's value potential
3U HOLDING AG’s value potential SHAC Renewable ITC e-commerce Energies Digitalisation EUR 300-350 million EUR 150-200 million EUR 60-70 million 3U’s total value potential 2026: EUR 510-620 million Our mission is anchored in a sound growth strategy which has been successfully implemented for years an
Slide 12: Mission Statement
MISSION STATEMENT The focus of our activities is to steadily increase value in the interest of all stakeholders. This approach will deliver our 3U 2026 targets for raising value which currently total EUR 510-620 million. We harness our core competences in three megatrends, which enables us to repeat
Slide 13: Mission 2026 – 3U Value Potential
MISSION 2026 – 3U VALUE POTENTIAL Investment volumes and value potential – 2023 to 2026 in EUR million Investments Value potenial SHAC Renewable ITC e-commerce Energies Digitalisation 510- 620 Acquisition Acquisition IPO Repowering Acquisition N. N. ITC N. N. SHAC Selfio Klostermoor wind farm N. N.
Slide 14: 3U Group strategy consistently aligned with three megatrends
3U GROUP STRATEGY CONSISTENTLY ALIGNED WITH THREE MEGATRENDS Focus on core competencies in three megatrends • SHAC e-commerce with excellent growth prospects • Environmentally friendly energy generation by means of wind power and photovoltaics • Digitalisation in small and medium-sized enterprises.
Slide 15: Segments
Segments SHAC Renewable ITC e-commerce Energies Digitalisation 15
Slide 16: 3U E-commerce: SHAC systems and advice for building owners, DIY and craftspersons
3U E-COMMERCE: SHAC SYSTEMS AND ADVICE FOR BUILDING OWNERS, DIY AND CRAFTSPERSONS Above-average revenue growth to EUR >100 million is targeted: • strong organic growth and acquisitions • Excellent framework conditions due to legally prescribed heat Heating technologies Online- transition (65 % RE ta
Slide 17: 3U E-commerce: SHAC systems and advice (growth targets)
3U E-COMMERCE: SHAC SYSTEMS AND ADVICE FOR BUILDING OWNERS, DIY AND CRAFTSPERSONS Establishment as a leading online provider in the growth markets of sanitary, heating and air conditioning technology (SHAC) and Do-It- Yourself (DIY). Significant profitability improvement with a view to achieving a s
Slide 18: Renewable Energies Segment: Sustainable income and cash flows
RENEWABLE ENERGIES SEGMENT SUSTAINABLE INCOME AND CASH FLOWS Power production from renewable energies in the 3U Group: Klostermoor (6.0 MW) three wind farms, one solar park In operation since 1999 6 AN Bonus WTs each 1.0 MW 54 m rotor diameter Roge (14.4 MW) Nominal output currently at 53 MW 70 m hu
Slide 19: Renewable Energies Segment: Significant increase in nominal output
RENEWABLE ENERGIES SEGMENT SIGNIFICANT INCREASE IN NOMINAL OUTPUT AND ENVIRONMENTALLY COMPATIBLE ELECTRICITY GENERATION Investments for modernisation and new construction of RE facilities Strong growth potential thanks to politically intensified Repowering: more than doubling nominal capacity electr
Slide 20: Digitalisation in the SMB
DIGITALISATION IN THE SMB OUR CORE BUSINESS INFORMATION AND TELECOMMUNICATIONS TECHNOLOGY Organic growth through expanding the Managed Services business segment: • Comprehensive service for medium-sized companies at eye level • Positioning as a digitalisation partner with a high level of competence
Slide 21: Investment Case 3U
INVESTMENT CASE 3U Excellent personnel and economic basis for next planned growth spurt • Experienced management - track record of successfully increasing value • An exceptionally motivated and effective team as a decisive success factor • Sound balance sheet ratios - equity ratio ≥ 75 %, and positi
Slide 22: Appendix
3U #4 HOLDING Appendix
Slide 23: Share Information
SHARE INFORMATION Share price development (6 May 2022 – 31 July 2023) Shareholder structure (30.06.23) 5,50 Management and Supervisory Board 4,50 26.15% 3,50 73.85% 2,50 Free Float 1,50 Jul. 22 Sep. 22 Nov. 22 Jan. 23 Mrz. 23 Mai. 23 Jul. 23 Average daily trading volume (XETRA): ~90.000 Market segme
Slide 24: Financial Calendar
FINANCIAL CALENDAR Date Event 14 August 2023 Publication Half Year Report and conference call 23/24 August 2023 Hamburg Investors‘ Day 4/5 September 2023 Fall Conference Equity Forum in Frankfurt/M 8 November 2023 Publication 9-months interim statement and conference call 15/16 November 2023 MKK Mun