Daldrup & Soehne Ag · XETR:4DS
Daldrup & Soehne — Daldrup & Söhne — Investor Presentation (September 2012)
41 slides from Daldrup & Soehne's investor presentation, September 2012
Slide 1: Daldrup & Söhne AG Corporate Presentation
Daldrup & Söhne AG Corporate Presentation September, 2012
Slide 2: Daldrup & Söhne AG at a Glance
Daldrup & Söhne AG at a Glance Key Facts Sales split 2011 per business segment Leading drilling technology specialist and and provider of power station projects in the geothermal sector Founded 1946 (Today: family owned enterprise with transition into 3rd generation) Business segments: Geother
Slide 3: Daldrup & Söhne AG: Range of Services
Daldrup & Söhne AG: Range of Services Daldrup & Söhne AG Drilling service company Geothermal project manager (IPP1) Daldrup provides drilling and environmental Own claims for direct and active implementation of services for numerous customers, like large its own geothermal projects to generate p
Slide 4: Milestones of Daldrup's business history
Milestones of Daldrup‘s business history Completion of geothermal drillings at site Taufkirchen (near Munich), started to 2012 build power station, aim: IPP; JV with MND Group, buying a Bentec 450 AC Presentation of first group annual statements for fiscal year ending 12/31/2010 2011 Expansion
Slide 5: Organigram: Daldrup group I
Organigram: Daldrup group I Deep Drilling/Contractor 100 % 100 % 50 % D&S Geothermie GmbH, Daldrup Bohrtechnik AG, D&S Geo Innogy GmbH, Grünwald Baar (Switzerland) Essen (Joint venture with RWE Innogy GmbH) 75,01 % 100 % Daldrup Boortechniek Geysir Europe Nederland BV, GmbH1 Bleiswijk (NL) 1Detailed
Slide 6: Organigram: Daldrup group II
Organigram: Daldrup group II Geysir Europe GmbH 100 % 100 % Exorka GmbH Exorka ehf Project development/General contractor Kalina-Cycle®-License - worlswide license - Exclusive rights for its use in Germany Currently 3 project companies (Italy) Currently 8 project companies (domestic) IR – 03/2012 Co
Slide 7: Strategic targets
Strategic targets Extension and further development of business segment Geothermics Current core markets of Daldrup group Daldrup as the market and quality leader in Minor activities geothermics Realization of geothermal heating and power plant projects The business segments Resources and Ex
Slide 8: Investment case
Investment case Leading Leading drilling specialist market Market leader in deep geothermal drilling (approx. 20 drillings > 2,000m) position One of only view providers of geothermic power plants Strong drilling competence and access to innovative technologies(worldwide license for Technolog
Slide 9: Overview: Growth drivers
Overview: Growth drivers Energy demand Globally rising energy demand Water Quest for alternative energy production resources Energy Natural resources demand Exploration for mineral resources becomes increasingly worthwhile Rising prices of conventional energy sources CO2 Reduktion und Klimad
Slide 10: Advantages of geothermal energy
Advantages of geothermal energy Inexhaustible supplies Full base load capability, i.e. independent from daylight, seasonal cycle and weather patterns Contribution to environmental and climate protection Excellent CO2 balance Predictable regulatory framework (essentially Renewable Sources A
Slide 11: EEG-renewal 2012
EEG-renewal 2012 EEG-renewal come into effect at 01/01/2012 EEG-payment for geothermal electricity old EEG-renewal 2012 - in ct/kWh - 16 25 Basic remuneration (1% degression from 2010) (5 % degression from 2018) 4 Early starter-bonus (1% degression from 2010) --- Heat-bonus 3 --- Technology-bonus 4
Slide 12: Geothermics as inexhaustible energy source
Geothermics as inexhaustible energy source Installed capacity of geothermal power generation 2010 in MWe 7.5 MWe 99 % of the world T > 1,000°C 843 MWe 82 MWe Sources: Bundesverband Geothermie (GtV); European Geothermal Energy Council (EGEC) IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG -
Slide 13: Geothermics in Germany
Geothermics in Germany Booming market for hydrothermal geothermics in Germany since about 3-4 years (mainly Molasse basin) In just the last 4 years, geothermal heat supply doubled to 5,585 GWh in 2010 Current geothermal power generation relatively low, but enormous potential (total technical p
Slide 14: Concepts for tapping geothermal energy I
Concepts for tapping geothermal energy I Shallow Deep geothermics geothermics Hydrothermal aquifer heat generation Field of 1 Borehole heat BHE Hydrothermal fault exchanger power (& heat) (BHE) generation 1EGS: Enhanced Geothermal Systems; HDR: Hot Dry Rock IR – 03/2012 Corporate Presentation - Dald
Slide 15: Concepts for tapping geothermal energy II
Concepts for tapping geothermal energy II Borehole heat exchanger Probe-drilling for deep geothermics IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 15 -
Slide 16: Concepts for tapping geothermal energy III
Concepts for tapping geothermal energy III State of the art: Research and development: Hydrothermal Geothermal Energy Petrothermal Geothermal Energy IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 16 -
Slide 17: Value chain deep geothermics
Value chain deep geothermics Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-property test test water circuit sub-systems a
Slide 18: Own claims in the Molasse basin
Own claims in the Molasse basin Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-property test test water circuit sub-system
Slide 19: Seismic – preliminary exploration
Seismic – preliminary exploration Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-property test test water circuit sub-syst
Slide 20: Selected Drilling rigs
Selected Drilling rigs Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-property test test water circuit sub-systems and hea
Slide 21: Exorka power plant technology
Exorka power plant technology Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-property test test water circuit sub-systems
Slide 22: Project development Strategy
Project development Strategy Feasibility Seismic 1st Drilling 2nd Drilling Construction Contruction Energy- study/ Study / Claim- and and of of power plant contracting Claim-acquisition/ development hydraulic circulation thermal and Electric power Claim-ownership test test water circuit sub-systems
Slide 23: Current status of own claim developments
Current status of own claim developments Taufkirchen1 finished finished underway Wolfrats- In Preparation hausen2 Neuried3 In Preparation Mauerstetten R&D Project P5 P6 P7 P8 P9 P10 P11 1Verkauf von rd. 51% der Anteile an die Co-Investoren; eigener Anteil akt. rd. 49% 2Verkauf von 100% der Anteile a
Slide 24: Utilization (estimated order processing 2011 - 2013)
Utilization (estimated order processing 2011 - 2013) Drilling services 2011 2012 2013 Project type and duration J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D BS Water Supply BS Resources & Exploration Duijvestijn (Geo/Pair) Schlattingen (Geo/Pair) Ried i. Innkreis (Geo/Pair
Slide 25: Geothermal projects Daldrup & Söhne AG
Geothermal projects Daldrup & Söhne AG Project Customer Location Type of Depth in Year Status drilling m Heerlen Gemeinde Heerlen Heerlen (NL) Hydrothermal 5 229-700 06-07 completed Bohrungen VDB 1&2 A.G. van den Bleiswijk (NL) Hydrothermal 2.457 06-07 completed Bosch B.V. Dublette Erlenbach 2 Stadt
Slide 26: Group Profit & Loss Statement
Group Income Statement Daldrup & Söhne AG Group Profit & Loss Statement in k EUR 2010 2011 ∆ % Sales 57,890 40,251 -30 Overall performance 41,128 47,057 14 Other operational income and tax refunds 7,505 9,696 29 Cost of materials 25,987 35,150 35 Personnel expenses 5,570 6,353 14 Amortization and de
Slide 27: Group Balance Sheet I
Group Balance Sheet I Daldrup & Söhne AG Assets in k EUR IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 27 -
Slide 28: Group Balance Sheet II
Group Balance Sheet II der Daldrup & Söhne AG Shareholders‘ equity and liabilities in k EUR IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 28 -
Slide 29: Information on Daldrup AG share
Information on Daldrup AG share Shareprice development of Daldrup & Söhne AG relative to indices Key figures: ISIN: DE0007830572 Market segment: Entry Standard / Open Market of Frankfurt Stock Exchange Ticker symbol: Bloomberg: 4DS Reuters: 4DSG.DE End of financial year: Dec. 31 Number of shares: 5,
Slide 30: Wisdom
Wisdom „If once on the more or less populated earth the forests will be thinned so strong and the coal will be exhausted, it is conceivable to make the internal heat of the earth more and more subservient, to pipe the heat by special devices in shafts or boreholes to the earth’s surface and use it f
Slide 31: Thank You for Your Attention
Thank You for Your Attention Daldrup & Söhne AG Bavariafilmplatz 7 Fon +49 (0)2593-9593-0 [email protected] 82031 Grünwald/Geiselgasteig Fax +49 (0)2593-7270 www.daldrup.eu
Slide 32: Deep Geothermal Project Bleiswijk (NL)
Deep Geothermal Project Bleiswijk (NL) Safing on gas and old New CO2-emissions of situation situation 95 % Natural gas 6,300,000 m³ 0 m³ consumption Electricity consumption 72,000 m³ 150,000 m³ natural gas equivalent Total energy consumprion per m² 45 m³ 2 m³ natural gas equivalent CO2-emissions 12,
Slide 33: Deep Geothermal Project Ammerlaan (NL)
Deep Geothermal Project Ammerlaan (NL) IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 33 -
Slide 34: Management Board
Management Board Josef Daldrup (CEO) – Born in 1953 – Responsible for Strategy, Key Accounts – Communication/IR Peter Maasewerd (CFO) – Born in 1960 – Responsible for Resources & Exploration and EDS – Human Resources, IT, Accounting/Controlling Andreas Tönies (COO) – Born in 1965 – Responsible
Slide 35: Supervisory Board
Supervisory Board Wolfgang Clement (Chairman) – Member of the Supervisory Board since August 2008 – 1998-2002 Prime Minister of North Rhine-Westphalia – 2002-2005 Federal Minister of Economics and Employment of Germany – Since 2005 active in different functions for public and private companies D
Slide 36: Share data and Shareholder structure
Share data and Shareholder structure Share data ISIN: DE0007830572 WKN: 783057 Market segment: Entry Standard/Open Market of Frankfurt Stock Exchange Ticker symbol: 4DS End of financial year 31.12 Shareholder structure Shares outstanding 5,445,000 Daldrup family 3,600,000 Free Float1 Free Float 1,84
Slide 37: Financial Calendar 2012
Financial Calendar 2012 05/2012 Group-Annual Report at 31.12.2011 07/18/2012 Annual General Meeting, Munich 09/28/2012 Interim Report half year 2012 11/2012 Press release concerning trend in order volume and performance of business operations Contact: Daldrup & Söhne Aktiengesellschaft Investor Rela
Slide 38: Quality and Safety Management (HSE)
Quality and Safety Management (HSE) IR – 03/2012 Corporate Presentation - Daldrup & Söhne AG - 38 -
Slide 39: References I – extracts
References I – extracts - Project Customer Location Type of drilling Depth Year Status successfully Carbo Kohlensäure Carbo Kohlensäure, Wehr Wehr 4 wells for carbon dioxide extraction 600 – 1,000 m TVD 1996-2001 completed Entwickungsgesellschaft Burg successfully Burg Burg Brine extraction well 1,3
Slide 40: References II – extracts
References II – extracts - Project Customer Location Type of drilling Depth Year Status Power station of the City of successfully GTB Sonnengarten Zurich, Switzerland Geothermal exploratory drill 2,708 m TVD 2009 Zurich completed Hydrothermal pair of bores incl. Pijnacker Leon Ammerlaan Pijnacker, s
Slide 41: Thank You for Your Attention
Thank You for Your Attention Daldrup & Söhne AG Bavariafilmplatz 7 Fon +49 (0)2593-9593-0 [email protected] 82031 Grünwald/Geiselgasteig Fax +49 (0)2593-7270 www.daldrup.eu
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