D'ieteren Group Sa/nv · EURONEXT:DIE
D'ieteren Group Sa/nv — Investor Day (April 2022)
23 slides from D'ieteren Group Sa/nv's investor day presentation, Apr 28, 2022
Slide 1: D'Ieteren Group Investor Day 28 April 2022
l)'Teteren Group Investor Day 28 April 2022 JAN. , S AN \ MOLESKINE
Slide 2: Video
Video 1805
Slide 3: Welcome - D'Ieteren Group's team
Welcome - D'leteren Group's team Executive Committee Arnaud Laviolette CFO Francis Deprez CEO 10 Investment Professionals Investment Banking, Private Equity & Management Consulting backgrounds 10 Experts Legal, Tax, Consolidation, Financial & Non-financial Communication, ESG, Digital, Assistants Dil
Slide 4: Welcome - Today's presenters
Welcome - Today’s presenters . >) Moleskine 10.35 oo . . Daniela Riccardi Marcello Treglia CEO CFO XX J S\ Belron 11.40 . Gary Lubner Humphrey Singer CEO CFO N / ( >) TVH 13.30 _ . Dominiek Valcke Mark Oosterlinck CEO CFO Ne S , . > D’leteren Automotive 14.35 . -_ , Denis Gorteman Réginald Gillet CE
Slide 5: Programme
Programme 8.30am - 9.00am Registration & Welcome 9.00am - 9.30am ADAS recalibration demonstration 9.45am - 10.30am D‘leteren Group . Hos Francis Deprez CEO D'leterenGroup 10.35am - 11.35am Moleskine #MOLESKINE Daniela Riccardi CEO Marcello Treglia CFO pan | | Gary Lubner CEO 11.40am - 12.40pm Belron
Slide 6: Key messages looking backward
3 key messages looking backward We made promises - We overdelivered as a Group We strengthened our resilience during turbulent times We added two new exciting growth platforms” SS * PHE acquisition subject to the approval of the relevant competition authorities, expected closing at the end of 30-22
Slide 7: We promised, and as a Group we overdelivered
We promised, and as a Group we overdelivered Medium term outlook provided in 2017 vs. Actuals (2017-2021) Sales growth EBIT Return? Free Cash-Flow D’leteren Automotive Outlook Actuals 5.0% CAGR ‘17-194 23% CAGR 1) 6% CAGR ‘17-21 > 3% since ‘18 3.2% in ‘212 > 3% margin higher >€100m since 2020 >€70m
Slide 8: Our Group KPI more than doubled
Our Group KPI more than doubled Adjusted PBT, Group’s share (Group’s KPI), in€m 700 ™ D’'leteren Automotive, Moleskine and Corp. & Unallocated 600 ; Belron (Group’s share) 500 M_ TVH (Group’s share) 493 400 329 295 300 226 200 . ao a = () 11 12 13 14 15 16 17 18 19* 20** 21 22e (Double. | UNC ORY.O
Slide 9: Which allowed for attractive returns to shareholders
Which allowed for attractive returns to shareholders Gross dividend per share, in euro 3.80 2.10 1.35 0.80 0.80 0.80 0.80 0.90 9.95 1.00 1.00 11 12 13 14 15 16 17 #18 #19 20 21 Hl Extraordinary Ml Ordinary SS * As proposed to the General Assembly on June 2, 2022 1805 "1 Dividends reinvested Share bu
Slide 10: D'Ieteren Group's focus in the last three years
D’'leteren Group's focus in the last three years Set clear bases 1. Clarify our mission Accelerate transformation 2. Define how to add value to our businesses Capitalize on our strengths 3. Set clear investment philosophy and criteria 4. Organize for origination 5. Establish ambitious ESG programme
Slide 11: We clarified our mission and purpose
We clarified our mission and purpose To build a family of businesses that reinvent industries in search of excellence and meaningful impact 1805,
Slide 12: Useful approach to add value to our businesses
Useful approach to add value to our businesses 201 Agenda Setting along 7 dimensions Support from the Group team « The State of an activity » is assessed twice a year in 21 questions along 7 dimensions Gi) Revenue growth 1. Purpose: Is the company’s purpose clearly defined? . Is the purpose inspirin
Slide 13: Clear investment philosophy & criteria
. . . 2019 Clear investment philosophy & criteria Investment Philosophy > Employees . MULTIPLE ignatory of aure’ pp eeeeset Dl Gro MD ob sce PRISE PLATFORMS LEADERS OPPOR- CREATION > Society investment TUNITIES Investment Criteria Business model * Proven and scalable business model with global reach
Slide 14: Focused origination
Focused origination Four fishing ponds with dedicated teams Mobility Data & Services Dedicated teams of » 2-3 Investment Professionals per sector, creating a deal flow and pursuing opportunities Industrials Lifestyle Goods & through a rigorous process 4.0 & circular Services 1805, Eo
Slide 15: Ambitious ESG programme across the Group
soe \ 2019 Ambitious ESG programme across the Group F209 | 2020 2021 2022 A) SCIENCE _ BASED Group level ptt =PRI oe \\ tarcets Responsible Investment Charter ‘rvs aerousCoaPORAE CUM ACTION DIG ESG KPIs Customer satisfaction Businesses Sustainability Roadmap Activity level Materiality analyses KPIs
Slide 16: D'Ieteren Group's focus in the last three years
’ , . 2020 D'leteren Group's focus in the last three years Set clear bases Use the Covid crisis to accelerate transformation at our activities Capitalize on our strengths Deliver Belron ‘Fit for Growth’ global program Strengthened shareholder Cp set-up (H&F, GIC, Blackrock) Implement the Auto Go) t
Slide 17: Belron 17-21: made it to the 'Champions' League'
Belron 17-21: made it to the ‘Champions’ League’ ys ig ° BELRON From 2017 To 2021 + #1VGRR company in the world * #1VGRRR company in the world * 34 countries * 37 countries + Low volume growth markets * Substantial value growth markets * Multi-local set-up * Three regions and global transformation *
Slide 18: D'Ieteren Automotive 17-21: a resilient mobility player
D’leteren Automotive 17-21: a resilient mobility player D leteren From 2017 To 2021 + #1 importer and retailer of vehicles in Belgium with 23.7% market share * #1 importer and retailer of vehicles in Belgium with 21.3% market share * Market of ~550k new car registrations / year + Market of 400-450k
Slide 19: Moleskine 17-21: increasingly focused and professional
Moleskine 17-21: increasingly focused and professional 1805 #2MOLESKINE From 2017 Leading lifestyle brand present in 115+ countries Slowly growing notebook market Fastly expanding retail network, categories and go-to-market channels 478 FTEs €155m revenues and €25.2m adjusted EBIT To 2021 Leading gl
Slide 20: We added two new growth pillars
We added two new growth pillars Two new growth platforms... TVHOL PHE — PARTS HOLDING EUROPE — Consolidation platform Leading Western Logistics excellence Leading global Large, growing and resilient markets European Resilient, predictable and growing market one-stop-shop for distributor of after-mar
Slide 21: DIG 17-21: Our new family of businesses
DIG 17-21: Our new family of businesses 2022 20.3%2 CD&R? ° —_" Belron 50.01% BELRON Har, eI 16.8% . D’leteren 100% BlackRock Dieteren NR Ris 39% Management, | 12.9%? employees — \ D’leteren 100% and founding EN Immo family Dfateren 1 59%: ~ “ Thermote family TVH 40% 1s" December 2021 (Nayarit 32.54
Slide 22: Our unique positioning works!
Our unique positioning works! Family-controlled listed investment firm with a handful of growth platforms Long term patient capital, focusing on doing the right things for the businesses Responsible investor, creating value for all stakeholders Generating attractive levels of growing free cash-flow
Slide 23: Disclaimer
Disclaimer This document contains forward-looking information that involves risks and uncertainties, including statements about D'leteren Group’s and its portfolio companies’ financial projections, future performance, plans, objectives, expectations and intentions. Forward-looking statements can be