JDC Group AG · XETR:JDC
JDC — H1 2022 Earnings Presentation
19 slides from JDC's earnings presentation, Aug 10, 2022
Slide 1: Earnings Call HY1 2022: Sustained growth despite challenging markets
EARNINGS CALL HY1 2022: Sustained growth despite challenging markets Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) JDC Group AG 10. August 2022 1
Slide 2: JDC's Earnings Call presented by
JDC‘s Earnings Call presented by Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) Responsible for Strategy, Sales, Responsible for IT, Operations and Products, IR/PR & Data Security Finance JDC Group AG 10. August 2022 2
Slide 3: Platform technology: Making German Insurance Digital
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 3.9M contracts on the platform. Direct Clients Next to increasing back office efficiency thr
Slide 4: HY1 2022 Highlights
HY1 2022 HIGHLIGHTS • Despite all global economic difficulties, the positive development continued Turnover • Turnover growth first half year 2022: +18.0% to 81.0m EUR +18% • EBITDA rises from 4.3 to 5.4m EUR (+24.2%) / compared to EBITDA FY 2021 8.3m • Long-term growth path 68.6M 81.0M Historical d
Slide 5: Composition of turnover growth & turnover
Composition of turnover growth & turnover Turnover development HY1 2022 Advisortech turnover split HY1 2022 0.8M -0.2M -10.5% 2,4% 3.5M +4.9% IFA 8.3M +31,3% business 21.6% 81.0M +19,1% Major 68.6M customers 76.0% Direct clients IFA Major Direct HY1 2021 Advisory HY1 2022 business customers customer
Slide 6: HY1 2022 in Numbers – Group
HY1 2022 HY1 2022 IN NUMBERS – GROUP Q2 2022 HY1 2022 HY1 HY1 Turnover in million EUR Q2 2022 Q2 2021 vs. vs. 18.0% 2022 2021 Q2 2021 HY1 2021 Revenues 37.8 32.6 15.7% 81.0 68.6 18.0% 68.6M 81.0M Advisortech 30.4 25.8 17.6% 67.5 56.4 19.5% Advisory 9.0 9.0 0.1% 18.1 17.3 4.9% HY1 2021 HY1 2022
Slide 7: HY1 2022 in Numbers – Advisortech
HY1 2022 HY1 2022 IN NUMBERS – ADVISORTECH Q2 2022 HY1 2022 HY1 HY1 Turnover ADVISORTECH Q2 2022 Q2 2021 vs. vs. 2022 2021 19.5% Q2 2021 HY1 2021 Revenues 30.4 25.8 17.6% 67.5 56.4 19.5% 56.4M 67.5M Gross profit 8.1 6.6 22.8% 18.3 14.5 26.3% Depreciation and HY1 2021 HY1 2022 -1.1 -1.0 -11.0% -2.1 -
Slide 8: HY1 2022 in Numbers – Advisory
HY1 2022 HY1 2022 IN NUMBERS – ADVISORY Q2 2022 HY1 2022 HY1 HY1 Turnover ADVISORY Q2 2022 Q2 2021 vs. vs. 2022 2021 Q2 2021 HY1 2021 4.9% Revenues 9.0 9.0 0.1% 18.1 17.3 4.9% 17.3M 18.1M Gross profit 2.8 2.5 13.3% 5.7 4.6 23.7% Depreciation and HY1 2021 HY1 2022 -0.3 -0.3 -19.0% -0.6 -0.5 -20.9% am
Slide 9: Cash & Liabilities
HY1 2022 CASH & LIABILITIES FY 2021 Q1 2022 HY1 2022 - 19.5M - 19.6M - 19.5M 22.2M 21.1M 21.9M 4. 2.4M 2.7M 1.5M Interest Interest Interest Cash on Net cash Cash on Net cash Cash on Net cash bearing bearing bearing hand position hand position hand position liabilities liabilities liabilities JDC Gro
Slide 10: Further Facts
HY1 2022 FURTHER FACTS Bond 2019/2024 Development of share price 4. Quote: 101.00 % (August 09, 2022) Price: 20.80 EUR (August 09, 2022) Volume: 25,000,000 EUR 546,275 own shares coupon: 5.5% p.a Purchase price 7.06 per share ISIN: DE000A2YN1M1 Reserves 7.5M / Share value 11.4M JDC Group AG 10. Augu
Slide 11: Spotlights
Spotlights: JDC wins Broker Award Start Plug-Insurance JV with Bain and Great West New platform customer: Ecclesia JDC Group AG 10. August 2022 11
Slide 12: Top award for comprehensive broker pool services
Top award for comprehensive broker pool services CURRENT AWARD FROM FINANZWELT JDC delivers across the board for connected platform partners. BEST ratings in 6 out of 7 possible categories. - Marketing support - Product range - Processes/Services/Administration - Software support/digitalization - Sa
Slide 13: Actual situation: employee benefits are becoming more important
Actual situation: employee benefits are becoming more important JDC DOES NOT HAVE ITS OWN OFFER SO FAR How important is it to you personally that your employer offers the following benefits? Company pension plan 36 44 80 Company health insurance 20 36 56 Childcare 24 27 51 Canteen or meal allowances
Slide 14: Digital platform for occupational pension provision
Digital platform for occupational pension provision PLUG-INSURANCE Employer Employee • Joint venture of Jung, DMS & Cie. and portal eVorsorge Systems GmbH. portal • The purpose of the business is the sale of a version of the eVorsorge system that has been preconfigured specifically for the subject o
Slide 15: New Platform Partner Ecclesia
New Platform Partner Ecclesia • Ecclesia Group is the largest insurance broker in Germany with the focus on commercial and industrial insurance NEW PLATFORM - PARTNER • Group Turnover 250m EUR • Balance Sheet Total 500m EUR, thereof Equity 380m EUR • Ecclesia is owned by the Evangelical Church in Ge
Slide 16: Joint Venture with Bain Capital & Great West
Joint Venture with Bain Capital & Great West ROLLING UP THE BROKER MARKET • Broker market is consolidating with increasing speed. Big Bain Capital Great West JDC brokers gain from massive economies of scale. This offers a reasonable investment opportunity. Big investors enter germany to roll up the
Slide 17: Guidance 2022
Guidance 2022 Guidance 2022 Achievements HY1 Turnover Turnover 165 to 175 million 81.0 million EBITDA EBITDA >11 million 5.4 million Goals • Successful rollout of further savings banks in the Provinzial region 2022 • Onboarding of other public insurers (e.g. VKB) • Leverage existing partnerships and
Slide 18: Thank you for your attention!
Thank you for your attention! JDC Group AG 10. August 2022 18
Slide 19: 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