JDC Group AG · XETR:JDC
JDC — Q1 2024 Earnings Presentation
23 slides from JDC's earnings presentation, May 13, 2024
Slide 1: Earnings Call Q1 2024
EARNINGS CALL Q1 2024 Growth on +20%-Target Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) JDC Group AG 13 May 2024 1
Slide 2: JDC's Earnings Call presented by
JDC‘s Earnings Call presented by Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) • Strategy • IT - Platform • Human Resources • Operations • Products • Finance • Investor/Public Relations • Legal & Compliance • M&A JDC Group AG 13 May 2024 2
Slide 3: Platform technology
Platform technology MAKING GERMAN INSURANCE DIGITAL JDC‘s platform is a market leader for the administration and processing of financial products and the #1 for insurance contracts. Currently there are 5.0M contracts on the platform. Direct Clients Next to increasing back-office efficiency thr
Slide 4: Q1 2024 turnover and EBITDA
Q1 2024 • After a very strong fourth quarter 2023 with a turnover growth at a growth rate of more than Turnover 20%, JDC could add another record quarter: At a growth rate of almost 22 percent, JDC Group +22% for the first time achieved revenues of more than 50 million EUR • Next to the strong insur
Slide 5: Q1 2024 in numbers – Group
Q1 2024 Q1 2024 IN NUMBERS – GROUP in million EUR Q1 2024 Q1 2023 Q1 2024 vs. Turnover 21.6% Q1 2023 Revenues 53.3 43.8 21.6% 43.8M 53.3M → Advisortech 48.3 39.4 22.6% → Advisory 8.7 8.2 6.8% Q1 2023 Q1 2024 → Holding/IC -3.7 -3.8 0.9% EBITDA 27.7% Gross profit 15.6 13.0 20.4% EBITDA 4.1 3.2 27.7% 3
Slide 6: Strong growth in all product groups
Strong growth in all product groups Turnover development Q1 2024 Our Investment and Financing activities 5.1M are revived and back on growth path. 4.4M +18% Overall we have a growth about 34% +34% from Q1 23 to Q1 24 53.3M 43.8M In the insurance sector we also have our strong and ongoing growth of 1
Slide 7: Composition of turnover growth & turnover split
Composition of turnover growth & turnover split Turnover development Q1 2024 Advisortech turnover split Q1 2024 2.1% 0.5M 2.9M +6.8% IFA 6.0M business +29.1% 26.6% 53.3M +21.1% Major customers 43.8M 71.3% Direct clients IFA Major Q1 2023 Advisory Q1 2024 business customers • Direct clients with stab
Slide 8: Quarterly comparison shows a strong start into 2024
Quarterly comparison shows a strong start into 2024 The QoQ comparison normally shows 15 to 20% turnover growth from Q1 to Q1. From Q1 2023 to Q1 2024 revenues increased by 21.6% 60.000 + 21.6% 50.000 + 1.4% + 20.2% 40.000 + 14.4% 30.000 20.000 10.000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 9: Q1 2024 in numbers – Advisortech
Q1 2024 Q1 2024 IN NUMBERS – ADVISORTECH ADVISORTECH Q1 2024 Q1 2023 Q1 2024 vs. Turnover 22.6% Q1 2023 Revenues 48.3 39.4 22.6% 39.4M 48.3M Gross profit 12.6 10.3 22.4% Depreciation and -1.2 -1.0 -18.4% Q1 2023 Q1 2024 amortization Personnel expenses -5.7 -4.8 -17.6% Other operating EBITDA 27.9% -2
Slide 10: Q1 2024 in numbers – Advisory
Q1 2024 Q1 2024 IN NUMBERS – ADVISORY ADVISORY Q1 2024 Q1 2023 Q1 2024 vs. Turnover Q1 2023 6.8% Revenues 8.7 8.2 6.8% 8.2M 8.7M Gross profit 3.0 2.7 12.5% Depreciation and Q1 2023 Q1 2024 -0.3 -0.3 6.4% amortization Personnel expenses -1.5 -1.2 -23.2% EBITDA 10.2% Other operating -0.9 -0.9 1.3% exp
Slide 11: Cash flow statement
Q1 2024 CASH FLOW STATEMENT 01/2024 01/2023 Q1 2024 in kEUR – 03/2024 – 03/2023 vs. Q1 2023 Strong cash flow from Cash and cash equivalents at the beginning operating activities (4m) in Q1 26,362 16,672 9,690 of the period Increased Investment activities Cash flow from operating activities 3,999 4,0
Slide 12: JDC platform activity 2024 at all-time high levels
JDC platform activity 2024 at all-time high levels Overall Platform activity with an All-Time-High! – driven by the insurance sector # of orders up more than + 12% # of contract transfers about +60% Annual net premium on the JDC platform is growing constantly and reached recently 1.2bn EUR +
Slide 13: Further facts: share price and bond
Q1 2024 FURTHER FACTS Development of share price Bond 2023/2028 4. Share price (XETRA): 22.80 EUR (May 10th, 2024) Quote (Tradegate): 104.38 % (May 10th, 2024) 144,811 own shares (as of May 10th, 2024) Volume: 20,000,000 EUR Purchase price 19.83 EUR per share coupon: 7.0 % p.a Reserves >500k / Share
Slide 14: JDC Group – stock market data
JDC Group – stock market data Shareholder structure Own shares 1.0% Provinzial Management 6% 11.2% Shares Outstanding 13,668,461 Great West 26.9% ISIN DE000A0B9N37 Other Shareholders 48.9% Bloomberg JDC:GR Current share EUR 22.80 price as of VKB May 10th, 2024 6% Market Cap EUR 312m Average daily tr
Slide 15: Spotlights
Spotlights: JDC Platform Summit Operations @ JDC Summitas Share buyback program JDC Group AG 13 May 2024 15
Slide 16: 13 May 2024 JDC Group AG
JDC Group AG 13 May 2024 16
Slide 17: Operations @ JDC
Operations @ JDC OPERATIONAL EXCELLENCE IS THE KEY FOR FURTHER INCREASE OF PROFITABILITY Q1 Q1 2023 2024 JDC Customer data sets on 2.0M 2.4M today the platform +15% Contract data sets on the 4.3M 5.0M Operatio- Inno- Ramp Scaling platform nal +20% vation Up excellence Documents processed 1.0M 1.25M
Slide 18: Summitas
SUMMITAS SUMMITAS GROUP HAS SUCCESSFULLY EXECUTED FIRST TRANSACTIONS/ TEAM COMPLETE Joint Venture of Bain Capital (65%), Great West (25%), JDC Group (10%): Several 100m EUR (thereof up to 150m equity) will be invested into a roll up investment case to consolidate the German and Austrian commercial b
Slide 19: Share buyback program
SHARE BUYBACK PROGRAM 160.000 20,00 140.000 19,50 120.000 19,00 100.000 18,50 Start: November 16, 2023 • As of May 10th: End: May 15, 2024 80.000 • 144,811 shares 18,00 • 19.83 EUR price per share Limited with a maximum 60.000 17,50 2.9 million EUR invested volume of 350,000 shares and a 40.000 17,0
Slide 20: Guidance
Guidance JDC Group AG 13 May 2024 20
Slide 21: Guidance 2024
Guidance 2024 Achievements Q1 Guidance 2024 Turnover Turnover On track 53.3 million 205 to 220 million EBITDA EBITDA On track 4.1 million 14.5 to 16 million • Integration of Top Ten Group Goals • Relevant turnover and gross margin from Summitas companies 2024 • Refocus on smaller IFAs – Leverage the
Slide 22: Thank you for your attention!
Thank you for your attention! JDC Group AG 13 May 2024 22
Slide 23: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While JDC