Dcc Plc · LSE:DCC
Dcc — Investor Presentation (September 2012)
23 slides from Dcc's investor presentation, September 2012
Slide 1: Company Overview Presentation September 2012
Company Overview Presentation September 2012
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any shares or other securities of DCC plc (“DCC”). This presentation contains some forward-looking statements that represent DCC’s expectations for its business, based on cu
Slide 3: DCC
DCC DCC is a sales, marketing, distribution and business support services Group operating across 5 divisions Profit By Division * Profit by Geography * DCC Energy 6% 8% 18% DCC SerCom (IT, Communications & 12% Home Entertainment Products) UK 45% DCC Healthcare 14% ROI DCC Environmental 68% Rest of W
Slide 4: DCC's Strategy
DCC’s Strategy Our Objective: To build a growing, sustainable and cash generative business which consistently provides returns on total capital employed significantly ahead of its cost of capital We aim to achieve this through: • Creating and sustaining leading positions in each of the markets in wh
Slide 5: DCC Energy
DCC Energy (45% of FY 2012 Group Profit) Sales, marketing and distribution of oil and liquefied petroleum gas (LPG) FY 2012 • Oil for transport, heating and industrial / agricultural processes Revenue €7,823.0m • LPG for heating, cooking, transport and industrial / agricultural processes Operating p
Slide 6: DCC Energy – our business
DCC Energy – our business Volume Market Business Stats (year ended 31 March 2012) Geography Market Share (lts) Position c. 9.6 billion Lts. 16% - oil No. 1 Volumes Britain c. 7,000 m. (annualised including acquisitions) c. 25% - LPG* No. 2 9% - oil No. 5 Customers c. 1 million Ireland c. 1,100 m 37%
Slide 7: DCC Energy – vision & strategy
DCC Energy – vision & strategy Litres DCC Energy’s vision is to be the leading oil and LPG (billion) Volumes sales, marketing and distribution business in Europe 9 • With strong local market shares 8 7.9 7 • Operating under multiple brands 6 7.1 • Generating high levels of ROCE 5 6.2 4 • Expanding i
Slide 8: DCC SerCom
DCC SerCom (29% of FY 2012 Group Profit) SerCom Distribution - sales, marketing and distribution of IT, communications FY 2012 and home entertainment products Revenue €2,181.2m • IT & Communications products into both SME and retail markets, to a very wide customer base of IT and mobile resellers, d
Slide 9: DCC SerCom – our business
DCC SerCom – our business Market Business Stats (year ended 31 March 2012) DCC SerCom Geography Position SKUs > 15,000 Britain No. 2 > 9,000 Ireland No. 2 Customers IT, c 1.4 m consignments p.a. Communications France No. 7 & Home No. of suppliers 350 + Entertainment Holland Niche Products Employees
Slide 10: DCC SerCom – vision & strategy
DCC SerCom – vision & strategy DCC SerCom’s vision is to be the leading specialist consumer IT distribution business in Western Europe • With strong local market shares • Generating high levels of ROCE • Expanding into new geographies Operating Profit (€m) 5 Yr. CAGR 10.3% • The obvious partner for
Slide 11: DCC Healthcare
DCC Healthcare (12% of FY 2012 Group Profit) Service provider to medical, pharmaceutical and health & beauty sector FY 2012 brand owners Revenue €330.0m • DCC Hospital Supplies & Services - provision of sales, marketing, distribution and other services in Ireland and Britain to medical device and Op
Slide 12: DCC Healthcare – our business
DCC Healthcare – our business Geography Market Position Business Stats (year ended 31 March 2012) • No. 1 sales, marketing & distribution of SKUs c. 12,000 medical devices and pharma products Ireland Compounded IV 100,000 IV bags / pre filled • No. 1 pharma compounding service provider pharmaceutica
Slide 13: DCC Healthcare – vision & strategy
DCC Healthcare – vision & strategy DCC Healthcare’s vision is to build a substantial healthcare business principally focused on the provision of value added services to the medical device, pharma and Health & Beauty sectors Operating Profit* (€m) • With strong local market shares • Generating high l
Slide 14: DCC Environmental – our business
DCC Environmental – our business (8% of FY 2012 Group Profit) Geography Market Position Business Stats (year ended 31 March 2012) No. 1 hazardous waste Ireland management business Revenue €132.7m Operating Profit €14.2m A leading recycling, waste management and resource ROCE 10.2% Britain recovery b
Slide 15: DCC Environmental – vision & strategy
DCC Environmental – vision & strategy DCC Environmental’s vision is to be a leading broadly based waste management and recycling business in Britain and Ireland Operating Profit (€m) • With strong local market shares 5 Yr. CAGR 6.4% • Generating high levels of ROCE 14.0 14.2 • Taking advantage of th
Slide 16: DCC Food & Beverage – our business
DCC Food & Beverage – our business (6% of FY 2012 Group Profit) Category Market Position Business Stats (year ended 31 March 2012) No 1 in ambient healthy foods in Revenue €223.4m Healthy Foods ROI A leading independent wine Operating Profit €10.7m Wine distributor in Ireland Strong position in off
Slide 17: DCC Food & Beverage – vision & strategy
DCC Food & Beverage – vision & strategy DCC Food & Beverage’s vision is to be a leading added value Operating Profit (€m) sales, marketing and distribution business, building number 1 or number 2 branded positions in focused segments 5 Yr. CAGR -6.7% • With strong market shares • Generating high lev
Slide 18: Cash Flow FY 2000 – FY 2012
Cash Flow FY 2000 – FY 2012 13 Year €m CAGR Operating profit 1,752 10.5% • Free cash flow (before interest and tax) of Decrease in working capital 15 €1.65bn Depreciation 476 • Revenue increased from €0.8 billion to €10.7 Other (41) billion. CAGR of 22.1% Operating cash flow 2,202 12.0% Capex (556)
Slide 19: Operating Profit (€'m)
Operating Profit * (€’m) 229.6 18 year CAGR ** 12.5% 192.8 185.0 180.4 10 year CAGR 167.2 7.3% 140.1 5 year CAGR 5.7% 121.0 109.3 101.6 97.2 91.1 83.3 67.0 53.5 41.5 27.3 29.7 22.4 24.2 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 * excluding net exc
Slide 20: Adjusted EPS (cent)
Adjusted EPS* (cent) 18 year CAGR ** 203.2 11.0% 178.0 10 year CAGR 169.1 165.1 163.5 5.6% 143.5 5 year CAGR 2.6% 124.0 115.1 106.0 101.5 94.9 82.2 65.3 55.4 44.4 37.5 28.4 31.9 24.8 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 * excluding net exceptionals, MPH and amortisation of intang
Slide 21: Dividend (cent)
Dividend (cent) 77.89 18 year CAGR * 74.18 14.9% 67.4 10 year CAGR 62.3 12.3% 56.7 5 year CAGR 49.3 9.6% 42.9 37.3 32.4 28.2 24.5 21.1 17.6 14.7 12.2 10.2 7.8 8.8 6.4 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 * Since flotation in 1994 Years ended 31 March 21
Slide 22: Outlook for year to 31 March 2013
Outlook for year to 31 March 2013 At what is still a very early stage in its financial year (particularly given that operating profit is significantly weighted towards the second half) the Group reiterates its guidance for the year to 31 March 2013 as previously outlined in its Preliminary Results a
Slide 23: Shareholder base
Shareholder base Management April 2012 2.9% Lending/ Market Institutions (% Holding) Makers 7.1% North America 30.9 Retail North America 11.2% UK 28.2 30.9% Cont Europe/Asia 11.5 Total overseas 70.6 Ireland 8.2% Ireland 8.2 Total institutional 78.8 Cont. Europe/Asia UK Retail 11.2 11.5% 28.2% Manage