Dcc Plc · LSE:DCC
Dcc — Merger or Acquisition (August 2014)
16 slides from Dcc's merger presentation, Aug 28, 2014
Slide 1: DCC Energy Acquisition of Esso SAF Retail in France
DCC Energy Acquisition of Esso SAF Retail in France 28 August 2014
Slide 2: Overview of the Esso Assets
Overview of the Esso Assets Total consideration: €106 million, plus stock in tank at completion Combined volumes: c. 1.9 billion litres, comprising: Esso Express Network • 274 Esso branded unmanned forecourts Esso Motorway Network • 48 Esso branded motorway concessions Dealer Business • Contracts to
Slide 3: The Esso Express Network
The Esso Express Network • 274 sites, 1.7bn litres – Industry leading throughput – 4.2% Retail Market Share* • The Express network consists of 185 Freeholds and 89 Leasehold sites • All sites are unmanned • Payment via: – Credit/Debit Card – Fuel cards • 4 grades of product sold – Standard Diesel –
Slide 4: The Esso Express Network
The Esso Express Network • Site operations consisting of automated fuel retailing, car wash & non fuel services through outsourced vending machines. (No convenience retail offering) • National coverage in the major urban centres. (West of France previously sold to Delek in May 2013) • Excellent netw
Slide 5: Esso Terres Blanches
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Slide 6: Esso Magagnosc
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Slide 7: Esso Christophe
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Slide 8: Esso La Paix
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Slide 9: The Esso Motorway Sites
The Esso Motorway Sites • 48 full service petrol stations: 11% of national motorway network • c. 230 million litres - 8% of the motorway fuels market • c. 4.8 million litres volume per site • Land ultimately belongs to the State and sites are operated under concession contracts for fixed periods sub
Slide 10: Esso Bolleville
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Slide 11: The French Fuel Market
The French Fuel Market • Total oil market of 74bn litres in 2013: – 40bn litres of Diesel – 9bn litres of Gasoline • c. 11,800 retail sites with average throughput of c. 3.5m litres • Growth in line with most European markets: – moderate Diesel growth – decline in Gasoline • Esso’s refining position
Slide 12: Supply & Logistics
Supply & Logistics • Supply – Branded supply agreement with Exxon 5 year contract with an automatic renewal for an additional 5 years • Logistics – Haulage will be provided by external contractors – Contracts will transfer as part of the acquisition 12
Slide 13: Key Metrics
Key Metrics DCC Energy Pro Forma Business Mix Pro Forma Product Split Pro Forma Customer Volumes 3% 2% 10% 4% 16% 9% 16% 58% 51% 31% Road Transport Heating oil Commercial fuel LPG Commercial Retail Domestic Agricultural Marine Other Esso SAF Retail Metrics Total year 1 volumes 1.9bn litres Anticipat
Slide 14: Development Opportunities
Development Opportunities • The “Retail” strategy represents one of DCC Energy’s three key growth initiatives • This acquisition is in line with DCC Energy’s strategy to build a material multi country network of unmanned service stations • Further opportunities exist to: – Leverage a central IT and
Slide 15: Appendix 1: DCC Energy Growth Initiatives
Appendix 1: DCC Energy Growth Initiatives Oil • Continue to consolidate existing markets to drive greater customer density • Expand sales of differentiated products • Cross sell add-on products and services e.g. Fuel Cards, Lubricants • Optimise and build greater flexibility into logistics operation
Slide 16: Appendix 2: DCC Energy Retail Strategy
Appendix 2: DCC Energy Retail Strategy Unmanned • Key pillar for DCC Energy’s retail growth • Develop a multi-country network of unmanned stations • Hub and spoke model with central shared services • QStar initial backbone Retail COCO • Selected Investments in Company Owned, Company Operated sites •