Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Investor Presentation (November 2021)
79 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's investor presentation, Nov 19, 2021
Slide 1: Presentation for investors Sto SE & Co. KGaA
Presentation for investors Sto SE & Co. KGaA Date: 19/11/2021 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 1
Slide 2: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 35 From page 75 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 3: From our Guiding Principles
From our Guiding Principles Our vision: technology leader in the sustainable design of living space tailored to human needs. Worldwide. Our mission: building with conscience. World map in render in the Sto SE & Co. KGaA reception building 3 Presentation for investors Date: 19/11/2021
Slide 4: Sto product groups
Sto product groups Share of Sto Group consolidated turnover for 2020 Other product groups 16% Interiors 15% 47% Facade systems 22% Turnover 2020 Facade coatings Sto Group: EUR 1,433.0 million Other product groups: including floor coatings and products for concrete repair. 4 Presentation for investor
Slide 5: Sto segment turnover
Sto segment turnover Share of Sto Group consolidated turnover for 2020 America/Asia/ Pacific Western Europe Northern/ excl. Germany Eastern Europe Turnover 2020 Sto Group: EUR 1,433.0 million Germany 5 Presentation for investors Date: 19/11/2021
Slide 6: Applications
Applications Sto products & systems Facade Interior coatings coatings Thermal insulation/ Concrete and rainscreen cladding floor coatings facade Lacquers, glazes, and stains Acoustic systems Internal insulation Simplified schematic diagram 6 Presentation for investors Date: 19/11/2021
Slide 7: Climate protection
Climate protection Sto’s business model makes a direct contribution 7 Presentation for investors Date: 19/11/2021
Slide 8: Sto products ─ external wall insulation system (EWIS)
Climate protection Sto products ─ external wall insulation system (EWIS) 1 2 3 4 3 5 StoTherm Classic® system build- up 1 ─ Bonding 2 ─ Insulation 3 ─ Reinforcing compound 4 ─ Reinforcing mesh 5 ─ Finish 8 Presentation for investors Date: 19/11/2021
Slide 9: Cost increase in EUR per m² of living space
Climate protection Disproportionately low increase in costs for insulation work Cost increase in EUR per m² of living space Comparison of the cumulative cost increases for buildings (KG300 & 400) and insulation work for the new construction of residential buildings triggered by the different levels
Slide 10: Sto products ─ reducing particulates and nitrogen oxides
Climate protection Sto products ─ reducing particulates and nitrogen oxides “Paint combats driving ban”: this was the eye-catching headline of the newspaper Bild some time ago, highlighting the possibility of using paint to significantly reduce air pollution in city centres. The newspaper report cit
Slide 11: Sto products
Sto products Biomimetic paints for over 20 years Lotusan: dirt runs off with the rain StoColor Dryonic: nice and dry, come what may 11 Presentation for investors Date: 19/11/2021
Slide 12: Core target groups
Core target groups Direct distribution Trade/specialised companies General contractors Planners Housing industry Architects Investors The customers that purchase from the Sto brand are generally tradespeople or specialist companies. The market cultivation activities for the Sto brand focus on these
Slide 13: Sto – presence in Germany
Sto – presence in Germany Sto SE & Co. KGaA Sales Germany: 90 SalesCentres ( ) 339 employees in the sales force incl. application engineering 10 subsidiaries* ( ) Headquarters Stühlingen/Germany As at: 14/04/2021 * Number of subsidiaries not including their operating sites and not including holdings
Slide 14: Sto – international presence
Sto – international presence Europe Iceland 24 subsidiaries* ( ) Finland Norway Sweden 17 sales partners ( ) Estonia Denmark Latvia Russia Great Britain Lithuania Netherlands Polan d Belgium Germany Czech Republic Slovakia France Austria Hungary Moldova Switzerlan d Italien Romania Bosnia and Herzeg
Slide 15: Sto – international presence
Sto – international presence America, Africa, Asia/Pacific North America: 3 subsidiaries* ( ) Canada Georgia South USA Lebanon Iraq China Korea Israel Kuwait Japan (2) Morocco Jordan Qatar Mexico Bahrain Hong Kong (3) UAE India Myanmar Saudi Arabia Taiwan Guatemala Belize Oman Thailand Caribbean Vie
Slide 16: The Sto Group at a glance
The Sto Group at a glance Sto Group Company brand Mixed brand presence Individual/family brand 16 Presentation for investors Date: 19/11/2021
Slide 17: Sto is one of Germany's best employers in 2021
Sto is one of Germany’s best employers in 2021 In a representative study, opinion poll institute Statista and Stern magazine identified the 650 best German employers in 2021. Sto is the leading company in the industry sector for building materials, metals, and materials. In the overall ranking, it i
Slide 18: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page18 From page 35 From page 75 Disclaimer: Any statements in this presentation that relate to the future correspond to the s
Slide 19: The history of Sto
The history of Sto 1835: founding of lime and cement works in Weizen 19 Presentation for investors Date: 19/11/2021
Slide 20: The history of Sto
The history of Sto 1954: acquisition of licence for synthetic resin render and start of production 1962: ISPO-Putz KG becomes Stotmeister & Co. Farben- und Baustoff-KG 20 Presentation for investors Date: 19/11/2021
Slide 21: The history of Sto
The history of Sto 1988: Stotmeister GmbH changes to Sto AG 1992: introduction to the stock exchange 2014: Sto AG changes to Sto SE & Co. KGaA Sto SE & Co. KGaA communications building, Stühlingen Photo: Christian René Schulz, Bielefeld Design: Michael Wilford Architekten, Stuttgart/London 21 Presen
Slide 22: The history of Sto
The history of Sto Family entrepreneurs: Jochen Stotmeister (1), Gerd Stotmeister (2), Fritz Stotmeister (3) 1) Chairman of the Supervisory Board of STO Management SE & Chairman of the Executive Board (1988–2015) 2) Member of the Supervisory Board of STO Management SE & Chief Technology Officer (199
Slide 23: Executive Board of STO Management SE
Executive Board of STO Management SE Michael Keller Rainer Hüttenberger Jan Nissen Rolf Wöhrle Executive Board Spokesman of the Executive Board Chief Technical Officer, Executive Board responsible for Sales Sto Brand responsible for Sales Sto Brand responsible for Process Chief Financial Officer, re
Slide 24: Social responsibility
Social responsibility Everybody is talking about CSR – Corporate Social Responsibility. But actions speak louder than words. Sto is fulfilling its social responsibility in three concrete areas. 24 Presentation for investors Date: 19/11/2021
Slide 25: Social responsibility
Social responsibility 1) Thermal insulation equals climate protection: our products. Sto has been selling facade insulation systems for over 50 years and supplied insulation for around 650 million m2 of facade surfaces from 1965 to 2020. This equates to a saving of 370 million tonnes of carbon dioxi
Slide 26: Social responsibility
Social responsibility TRAINING AND FURTHER EDUCATION FOR TRADESPEOPLE AND ARCHITECTS 2) Promoting young talent through education: the Sto Foundation The foundation, which was launched in 2005, promotes the education of young people in trade and academic environments. It also supports projects for th
Slide 27: Social responsibility
Social responsibility 3) Sto is a member of Global Compact – a global pact between companies and the UN to make globalisation more socially responsible and eco-friendly. 27 Presentation for investors Date: 19/11/2021
Slide 28: Strategy 2025
Strategy 2025 Strategy review successfully completed 28 Presentation for investors Date: 19/11/2021
Slide 29: Global megatrends - Significant opportunities for Sto
Strategy 2025 Global megatrends - Significant opportunities for Sto Climate change Future markets/ Sustainability Global Technology + Demographic Scarcity of + ecosystem Globalisation + global knowledge innovation change resources threats trends responsibility societies Global population Innovation
Slide 30: Climate targets and policies confirm the direction of Sto
Strategy 2025 Climate targets and policies confirm the direction of Sto Climate Action Programme 2030 European Green Deal Tax incentives for energy-related Reshaping the EU economy for a building refurbishments sustainable future Socio-ecological stimulus packages Including energy-conser
Slide 31: Target dimensions of the new strategy at a glance
Strategy 2025 Target dimensions of the new strategy at a glance Customer focus Performance potential We are a reliable and flexible We harness and promote partner, and stand for expert Finance potential in relation to market advice, functional products, Sustainable, reach, solution leadership, and a
Slide 32: 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 potentials
Slide 33: Sustainability - Key element of Sto's DNA
Strategy 2025 Sustainability - Key element of Sto’s DNA Sustainability strategy Regulations / standards Product Information 33 Presentation for investors Date: 19/11/2021
Slide 34: Company objectives of our sustainability strategy
Strategy 2025 Company objectives of our sustainability strategy Environmental Transparency & Climate protection Circular economy Health & well-being protection social responsibility We are 100% climate We reduce waste at our We promote recycling We ensure the highest 100% suppliers have ne
Slide 35: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 35 From page 75 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 36: Presentation for investors
Presentation for investors Sto at a glance 3 From page 36 Consolidated interim report for the period from 1 January to 30 September 2021 Key financial From page 38 figures / Information Interim financial report for the period from 1 January to 30 June 2021 about the Sto From page 45 share 2020 Annua
Slide 37: Sto ─ at a glance
Sto ─ at a glance * From 2019 including IFRS 16 ** ROCE = EBIT divided by average capital employed Capital employed = balance sheet values are determined on the basis of an arithmetic average value of the respective reference date values at month end for the respective period. Capital employed = Int
Slide 38: Presentation for investors
Presentation for investors Sto at a glance 3 From page 36 Consolidated interim report for the period from 1 January to 30 September 2021 Key financial From page 38 figures / Information Interim financial report for the period from 1 January to 30 June 2021 about the Sto From page 45 share 2020 Annua
Slide 39: Sto ─ Overview 01 – 09 2021
Sto ─ Overview 01 – 09 2021 39 Presentation for investors Date: 19/11/2021
Slide 40: Sto group turnover
Sto group turnover Continuous growth, best value to date in EUR million 1,600 1,400 1,220.2 1,200 1,083.3 1,068.4 981.8 1,009.7 1,000 800 600 400 01 - 09 2017 01 - 09 2018 01 - 09 2019 01 - 09 2020 01 - 09 2021 Information acc. to IFRS 40 Presentation for investors Date: 19/11/2021
Slide 41: Sto Group turnover
Sto Group turnover Positive development in Germany, as well as outside Germany in EUR million In Germany Outside Germany 800 679.0 700 601.0 576.8 600 549.8 558.4 500 541.2 506.5 451.2 467.4 400 432.0 300 200 01 - 09 2017 01 - 09 2018 01 - 09 2019 01 - 09 2020 01 - 09 2021 Information acc. to IFRS 4
Slide 42: Sto Group employees
Sto Group employees Moderate increase as of 30.09.2021 Sto Group In Germany Outside Germany 7,000 6,000 5,665 5,656 5,764 5,368 5,408 5,000 4,000 3,042 3,024 3,157 2,910 2,900 3,000 2,000 2,458 2,508 2,623 2,632 2,607 1,000 0 30.09.2017 30.09.2018 30.09.2019 30.09.2020 30.09.2021 42 Presentation for
Slide 43: Sto Group investments
Sto Group investments Continuous investment in further growth in EUR million 40 30 27.7 21.8 19.1 20 16.2 17.3 10 0 01 - 09 2017 01 - 09 2018 01 - 09 2019 01 - 09 2020 01 - 09 2021 Information acc. to IFRS; however, without effects from IFRS 16, without investments and depreciation/amortisation of f
Slide 44: Finanzzahlen Sto-Konzern 01 – 09 2021
Finanzzahlen Sto-Konzern 01 – 09 2021 Summary Turnover of the Sto Group up by 12.6 % to EUR 1,220.2 million in the first nine months of 2021. As compared to the same period of the previous year, a plus of 6.9 % was recorded in Germany, and a plus of 17.7 % outside of Germany Earnings burdened
Slide 45: Presentation for investors
Presentation for investors Sto at a glance 3 From page 36 Consolidated interim report for the period from 1 January to 30 September 2021 Key financial From page 38 figures / Information Interim financial report for the period from 1 January to 30 June 2021 about the Sto From page 45 share 2020 Annua
Slide 46: Sto ─ Overview First half of 2021
Sto ─ Overview First half of 2021 * ROCE = EBIT divided by average capital employed Capital employed = balance sheet values are determined on the basis of an arithmetic average of the respective reference date values at month end for the respective period. Capital employed = Intangible assets + Prop
Slide 47: Sto group turnover
Sto group turnover Continuous growth, best value to date in EUR million 1200 1000 778.1 800 665.1 664.5 617.5 624.5 600 400 200 0 1. HY 2017 1. HY 2018 1. HY 2019 1. HY 2020 1. HY 2021 Information acc. to IFRS 47 Presentation for investors Date: 19/11/2021
Slide 48: Sto Group turnover
Sto Group turnover Positive development in Germany, as well as outside Germany in EUR million In Germany Outside Germany 600 500 436.0 379.5 400 350.7 348.7 351.7 300 342.1 312.8 275.8 285.6 266.8 200 100 0 First HY 2017 First HY 2018 First HY 2019 First HY 2020 First HY 2021 Information acc. to IFR
Slide 49: Sto Group EBIT & EAT
Sto Group EBIT & EAT Significant improvement compared to the previous year, best value to date in EUR million EBIT EAT 80 68.9 60 44.1 50.3 40 32.0 31.7 23.2 29.2 20 20.9 20.8 15.7 0 First HY 2017 First HY 2018 First HY 2019 First HY 2020 First HY 2021 Information acc. to IFRS 49 Presentation for in
Slide 50: Sto Group employees
Sto Group employees Moderate increase in the 1st half of 2021 Sto Group In Germany Outside Germany 6,000 5,646 5,713 5,330 5,381 5,467 5,000 4,000 2,945 2,995 3,101 2,863 2,854 3,000 2,527 2,522 2,651 2,612 2,000 2,467 1,000 0 30.06.2017 30.06.2018 30.06.2019 30.06.2020 30.06.2021 50 Presentation fo
Slide 51: Sto Group investments and depreciation/ amortisation
Sto Group investments and depreciation/ amortisation Continuous investment in further growth in EUR million Investments Depreciation/amortisation 30 25 20 17.1 17.7 15.6 15.7 16.1 15 17.3 13.1 14.0 10 11.2 10.0 5 0 First HY 2017 First HY 2018 First HY 2019 First HY 2020 First HY 2021 Information acc
Slide 52: Sto Group balance sheet
Sto Group balance sheet Very solid balance sheet structure as at 30 June 2021, strong equity base in EUR million 1,056.2 1,056.2 Non-current 477.1 Equity (equity ratio 53.1%) assets 560.6 Non-current provisions Current 197.9 and liabilities 471.4 assets Current provisions 297.7 and liabilities Cash
Slide 53: Sto Group first half of 2021 – P & L
Sto Group first half of 2021 – P & L Best figures to date for turnover and profit Information acc. to IFRS 53 Presentation for investors Date: 19/11/2021
Slide 54: Sto Group first half of 2021 – cash flow statement
Sto Group first half of 2021 – cash flow statement Positive development of cash flow from operating activities Information acc. to IFRS 54 Presentation for investors Date: 19/11/2021
Slide 55: Sto Group balance sheet
Sto Group balance sheet Comparison of balance sheet as at 30 June 2021 with previous year Information acc. to IFRS 55 Presentation for investors Date: 19/11/2021
Slide 56: Sto Group balance sheet
Sto Group balance sheet Comparison of balance sheet as at 30 June 2021 with previous year Information acc. to IFRS 56 Presentation for investors Date: 19/11/2021
Slide 57: Sto Group financial figures first half 2021
Sto Group financial figures first half 2021 Summary Consolidated turnover up by 17.1 % to EUR 778.1 million in the first half of 2021 compared to the same period the previous year. Turnover in Germany increases by 9.4 % to EUR 342.1 million; volume outside of Germany rises by 24.0 % to EUR 436.0
Slide 58: Presentation for investors
Presentation for investors Sto at a glance 3 From page 36 Consolidated interim report for the period from 1 January to 30 September 2021 Key financial From page 38 figures / Information Interim financial report for the period from 1 January to 30 June 2021 about the Sto From page 45 share 2020 Annua
Slide 59: Sto Group 2020
Sto Group 2020 Improved earnings and earnings forecast significantly exceeded Folkart Hills residential estate, Cesme, TR Planning: Dilekci Architects, Istanbul, TR 59 Presentation for investors Date: 19/11/2021
Slide 60: Sto Group financial figures 2020
Sto Group financial figures 2020 Summary In the 2020 fiscal year, the Sto Group achieved an increase in turnover of 2.5 % to EUR 1,433.0 million (previous year: EUR 1,398.2 million). In primary terms, consolidated turnover grew by 2.0 % compared to the corresponding period of the previous year.
Slide 61: Sto Group turnover
Sto Group turnover Steady growth in EUR million 1,600 1,600 1,398.2 1,433.0 1,332.4 1,400 1,400 1,277.4 1,230.7 1,200 1,200 1,000 1,000 800 600 2016 2017 2018 2019 2020 Information acc. to IFRS 61 Presentation for investors Date: 19/11/2021
Slide 62: Sto Group turnover
Sto Group turnover Positive development in and outside of Germany in 2020 under COVID-19 influence in EUR In Germany Outside Germany million 1,000 1,000 900 786.9 772.9 800 682.0 714.6 736.4 700 600 660.1 596.0 611.3 500 548.7 562.8 400 300 200 100 0 2016 2017 2018 2019 2020 Information acc. to IFRS
Slide 63: Development of EWIS market in Germany
Development of EWIS market in Germany Market volume in 2020 increased to 5-year high 50 39.1 40 35.8 34.0 32.6 32.8 33.0 33.9 32.2 million m² 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 Source: B+L Marktdaten GmbH 63 Presentation for investors Date: 19/11/2021
Slide 64: Sto Group turnover
Sto Group turnover Growth in all product groups Facade systems Facade coatings Interiors Other product groups in EUR million 218.8 230.6 197.8 211.5 304.6 322.1 677.1 668.9 2019 2020 64 Presentation for investors Date: 19/11/2021
Slide 65: Sto Group shares of insulation board sales
Sto Group shares of insulation board sales* as at 12/2019 as at 12/2020 *only associates with ERP SAP, sales basis in m². 65 Presentation for investors Date: 19/11/2021
Slide 66: Shares of insulation board sales Sto SE & Co. KGaA
Shares of insulation board sales Sto SE & Co. KGaA as at 12/2019 as at 12/2020 *Sales basis in m². 66 Presentation for investors Date: 19/11/2021
Slide 67: Sto Group Sales & EBIT & EAT
Sto Group Sales & EBIT & EAT Significant improvement in comparison to the previous year, all-time highs in EUR EBIT EAT million 140 120.8 120 100 84 85.9 81.9 80 70.3 80.7 60 55.8 53.8 56.3 40 45.7 20 0 2016 2017 2018 2019 2020 Information acc. to IFRS 67 Presentation for investors Date: 19/11/2021
Slide 68: Sto Group employees
Sto Group employees Moderate increase in 2020 Sto Group In Germany Outside Germany 6,000 5,533 5,545 5,251 5,308 5,333 5,000 4,000 2,895 2,884 2,887 2,943 3,000 3,000 2,000 2,424 2,446 2,590 2,545 2,356 1,000 0 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 68 Presentation for investors Date
Slide 69: Sto Group investments and depreciation/ amortisation
Sto Group investments and depreciation/ amortisation Continual investments in further growth in EUR millions Investments Depreciation/amortisation 60 50 45.5 37.5 40 35.3 32.7 32.1 41.7 30 33.3 33.2 32.7 31.3 20 10 0 2016 2017 2018 2019 2020 Information acc. to IFRS; however, without effects from IF
Slide 70: 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 %) assets 462.7 531.4 Non-current provisions Current and liabilities 381.1 204.5 assets Current provisions and liabilities 238.0 Cash 130.0
Slide 71: Sto Group ROCE
Sto Group ROCE Very positive development in 2020 leads to 5-year high in % 25 19.7 20 16.1 15.6 13.9 14.0 15 10 5 0 2016 2017 2018 2019 2020 ROCE from 2019 incl. IFRS 16 ROCE = EBIT divided by capital employed Capital employed = balance sheet values are determined on the basis of an arithmetic avera
Slide 72: Presentation for investors
Presentation for investors Sto at a glance 3 From page 36 Consolidated interim report for the period from 1 January to 30 September 2021 Key financial From page 38 figures / Information Interim financial report for the period from 1 January to 30 June 2021 about the Sto From page 45 share 2020 Annua
Slide 73: Sto share
Sto share Shareholder structure and dividend information 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 2016 2017 2018 2019 2020 Earnings per share Dividend payment* Dividend yield** 6.0% 5.0% 5.0% 3.9% 3.6% 3.6% 4.0% 3.2% 3.0% 2.0% 1.0% 0.0% 2016 2017 2018 2019 2020 Information based on preference shar
Slide 74: Sto share ─ price trend
Sto share ─ price trend In total, positive trend since low related to the coronavirus pandemic 74 Presentation for investors Date: 19/11/2021
Slide 75: Presentation for investors
Presentation for investors 1 2 3 4 Key financial General figures / Business Forecast and conditions & Information model outlook strategy about the Sto share From page 3 From page 18 From page 35 From page 75 Disclaimer: Any statements in this presentation that relate to the future correspond to the
Slide 76: Outlook
Outlook Outlook for 2021 as a whole 2021 Turnover EUR 1,578 million Growth in turnover 10% EBIT EUR 98 - 113 million EBT EUR 95 - 110 million Return on sales 6.0% - 7.0% ROCE 14.8% - 17.1% It must be pointed out that the weather conditions, which are important for the Sto Group's business developmen
Slide 77: Outlook
Outlook Objectives for 2025 The Sto Group is aiming for a turnover of EUR 2.1 billion and a return on sales of 10 % in relation to EBT by 2025. 77 Presentation for investors Date: 19/11/2021
Slide 78: Contact
Contact Investor Relations Rolf Wöhrle, Member of the Executive Board of STO Management SE, Finance Contact via: Tel. +49 7744 57 – 1241 E-mail: s.buehner@sto.com 78 Presentation for investors Date: 19/11/2021
Slide 79: Thank you for your interest! Sto SE & Co. KGaA
Thank you for your interest! Sto SE & Co. KGaA Date: 19/11/2021 Sto SE & Co. KGaA reception building Design: Wilford Schupp Architekten, Stuttgart, DE Orange Blu, Stuttgart, DE 79
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