Takkt Ag · XETR:TTK
Takkt — Investor Presentation (September 2022)
27 slides from Takkt's investor presentation, September 2022
Slide 1: Corporate presentation
Corporate presentation TAKKT AG Corporate presentation 1
Slide 2: Business model
Business model TAKKT AG Corporate presentation 2
Slide 3: TAKKT's Vision
TAKKT’s Vision By caring about environmental resources, people and customer success. TAKKT AG Corporate presentation 3
Slide 4: TAKKT supports customers in three specific worlds of work
TAKKT supports customers in three specific worlds of work Customers' Manufacturing, Warehouse Service Industry Hotels, Restaurants, Catering industries TAKKT’s divisions Industrial & Packaging Office Furniture & Displays FoodService TAKKT AG Corporate presentation 4
Slide 5: Our divisions are product specialists and sell equipment and specialties
Our divisions are product specialists and sell equipment and specialties with an average order value of around EUR 500 in 2021 Divisions Industrial & Packaging Office Furniture & Displays FoodService TAKKT AG Corporate presentation 5
Slide 6: New organizational structure with three customer-oriented divisions
New organizational structure with three customer-oriented divisions and integrated Group functions New Group structure (as of January 1, 2022) TAKKT AG Corporate presentation 6
Slide 7: TAKKT's addressable market is > EUR 110bn and growing
TAKKTs addressable market is > EUR 110bn in size and growing Foodservice Display Greenland Market: > EUR • Large addressable market 50bn • Growth in line with or above GDP Foodservice • Fragmented supplier structure Canada • Fragmented competition Industrial • Fragmented customer segments Office Uni
Slide 8: TAKKT's market share is around 1%, leaving room for growth
TAKKT’s market share is currently around 1% leaving significant room for growth Display FoodService Greenland TAKKT EUR • Strong presence in all markets 460m (top 10 position in each) Office FoodService • Large assortment Canada • Strong and long-term relationship with customers Office United • Dept
Slide 9: Strategy
Strategy TAKKT AG Corporate presentation 9
Slide 10: Strategy builds on three pillars Growth, OneTAKKT and Caring
Strategy builds on three pillars Growth, OneTAKKT and Caring TAKKT’s strategic pillars Growth: - Three divisions for three worlds of work - E-commerce excellence - Smart pricing OneTAKKT: - Scalable platforms in supply chain & tech - New collaboration and employee empowerment Caring: - Strong custom
Slide 11: We aim to deliver value via levers in Growth, OneTAKKT, and Caring
We aim to deliver value via levers in Growth, OneTAKKT, and Caring Growth OneTAKKT Caring Opportunity through Scalability and efficiency Growth enabling additional customer focus via via integration business opportunities new division set-up • E-commerce excellence • Tech platform harmonization • In
Slide 12: Financial and non-financial targets for 2025
Financial and non-financial targets for 2025 Growth OneTAKKT Caring Sales EUR 2bn EBITDA EUR 240m cNPS of 60 Free TAKKT cash flow eNPS of 50 EUR 150m Organic growth: ø10% p.a. Increase in profitability 45% share of women in Organic e-commerce by 2-3 percentage points leadership positions growth: ø15
Slide 13: Financials and performance figures
Financials and performance figures TAKKT AG Corporate presentation 13
Slide 14: Development of key financials in 2021
Development of key financials in 2021 1,178.0 112.6 57.0 Sales in EUR million EBITDA in EUR million Net profit in EUR million 51.9 62.2 1.10 Free TAKKT cash flow Dividend proposal Equity ratio in percent in EUR million per share in EUR TAKKT AG Corporate presentation 14
Slide 15: Financial key figures
Financial key figures 2017 2018 2019 2020 2021 Organic sales development in percent 0.4 3.4 -1.4 -11.8 11.4 Organic growth in order intake via e-commerce in percent 7.9 11.6 2.0 -3.6 16.3 Number of orders in thousand 2,465 2,676 2,642 2,535 2,500 Average order value in EUR 458 449 460 425 491 Gross
Slide 16: E-com growth and share
E-com growth and share Organic e-commerce growth of order intake (in %) Share of e-commerce in order intake (in %) 16.3% 60.0% 60.8% 55.0% 11.6% 52.1% 46.8% 7.9% 2.0% -3.6% 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 TAKKT AG Corporate presentation 16
Slide 17: Product range figures
Product range figures Share of private labels* (in %) Share of direct imports* (in %) 26.5% 22.0% 21.7% 21.6% 24.1% 24.2% 20.7% 21.7% 17.9% 15.5% 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 * The figures have only been reported as shares of sales since 2019. For prior years, they are shown as
Slide 18: Value-based figures
Value-based figures TAKKT value added (in EUR million) Return on Capital Employed (in %) 43.1 14.6% 14.0% 30.4 11.1% 8.0% 5.6% 9.8 2020 2021 2017 2018 2019 -3.1 2017 2018 2019 2020 2021 -23.2 TAKKT AG Corporate presentation 18
Slide 19: Internal covenants within or exceeding the target range
Internal covenants within or exceeding the target range Equity ratio (in %) Debt repayment period (in years) Internal target value: 64.7% 62.2% 61.2% 60.8% 58.5% < 5 years Internal target range: 30 to 60 percent 1.7 1.4 1.4 1.4 0.9 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Interest cover Gea
Slide 20: Outlook 2022
Outlook 2022 TAKKT AG Corporate presentation 20
Slide 21: Organic sales growth
Organic sales growth Organic growth Q1/21 Q2/21 Q3/21 Q4/21 2021 Q1/22 Q2/22 H2/22 TAKKT Group -3.3% 24.6% 12.1% 14.4% 11.4% 18.9% 6.8% 12.6% Industrial & 3.6% 30.3% 13.5% 13.7% 14.5% 12.6% 5.8% 9.2% Packaging* Office Furniture & -14.8% 25.7% 13.7% 13.1% 8.1% 24.3% 11.8% 17.6% Displays* FoodService*
Slide 22: Outlook: TAKKT confirms organic growth guidance, EBITDA in upper half of range
Outlook: TAKKT confirms organic growth guidance and now expects EBITDA to reach the upper half of the initial forecast range Economic environment TAKKT’s priorities in H2 FY forecast for key financials • The prolonged conflict in Ukraine • Growth and inflation management: and high inflation lead to
Slide 23: TAKKT share, dividend and equity story
TAKKT share, dividend and equity story TAKKT AG Corporate presentation 23
Slide 24: TAKKT share performance, shareholder structure and analyst recommendations
TAKKT share performance, shareholder structure and analyst recommendations Total Shareholder Return: TAKKT and indices Shareholder structure 150 35.4% Franz Haniel & Cie. 125 Free float 64.6% 100 Analyst recommendations 75 1 50 Buy 4 Hold 25 Sell 3 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oc
Slide 25: TAKKT pays dividend of EUR 1.10 per share for 2021
TAKKT pays dividend of EUR 1.10 per share for 2021 and commits to a base dividend of at least EUR 0.60 for the future Dividend proposal & policy • Dividend payment of EUR 1.10 per share for 2021 • TAKKT commits to pay out at least a base dividend of EUR 0.60 per share in the coming years • Possibili
Slide 26: Summary: Highlights of our new story
Summary: Highlights of our new story TAKKT’s Vision: Bringing new Worlds of Work to life B2B equipment market with huge growth opportunities due to trend shifts Strategy based on three pillars: Growth, OneTAKKT and Caring 2025 growth targets: EUR 2bn sales, EUR 240m EBITDA and EUR 150m free cash flo
Slide 27: TAKKT investor relations
TAKKT investor relations IR Contact Upcoming Events Michael Loch / Benjamin Bühler October Phone: +49 711 3465-8222 / -8223 25. Earnings Call Q3/22 Fax: +49 711 3465-8100 e-mail: investor@takkt.de November 28/30. German Equity Forum www.takkt.com TAKKT AG is headquartered in Stuttgart, Germany. Basi