JDC Group AG · XETR:JDC
JDC — Q1 2022 Earnings Presentation
18 slides from JDC's earnings presentation, May 12, 2022
Slide 1: Earnings Call Q1 2022: Promising Start
EARNINGS CALL Q1 2022: PROMISING START Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) JDC Group AG 12. Mai 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 12. Mai 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. Next to increasing back office efficiency through digitalisa
Slide 4: Q1 2022 Highlights
Q1 2022 HIGHLIGHTS • Q1 2022 with very satisfying development Turnover • Turnover growth Q1 2022 + 20.2% to 43.2m EUR +20% • EBITDA rises from 2.8 to 3.7m EUR (+31.5%) • Long term growth path 36.0M 43.2M Historical development turnover and EBITDA in million EUR 50 +32% 4 45 +20% Q1 2021 Q1 2022 40 +
Slide 5: Composition of turnover growth & turnover
Composition of turnover growth & turnover Turnover development Q1 2022 Turnover split Q1 2022 0.0M 0.8M -1.2% +10.2% 6.4M 21.0% IFA business 43.2M +21.1% 2.6% Major customers 36.0M 16.5% Direct clients 66.6% Advisory Q1 2021 Advisortech Advisory Holding/IC Q1 2022 • Strong growth of traditional IFA
Slide 6: Q1 2022 in numbers – Group
Q1 2022 Q1 2022 IN NUMBERS – GROUP in million EUR Q1 2022 Q1 2021 Q1 2022 vs. Turnover Q1 2021 20.2% Revenues 43.2 36.0 20.2% 36.0M 43.2M Advisortech 37.1 30.6 21.1% Advisory 9.1 8.3 10.2% Q1 2021 Q1 2022 Holding/IC -2.9 -2.9 -1.2% EBITDA Gross profit margin 13.1 9.9 32.1% 31.5% EBITDA 3.7 2.8
Slide 7: Q1 2022 in numbers – Advisortech
Q1 2022 Q1 2022 IN NUMBERS – ADVISORTECH Q1 2022 vs. Turnover ADVISORTECH Q1 2022 Q1 2021 Q1 2021 21.1% Revenues 37.1 30.6 21.1% 30.6M 37.1M Gross profit margin 10.2 7.9 29.3% Depreciation and Q1 2021 Q1 2022 -1.1 -0.9 -23.4% amortization Personell expenses -4.5 -3.2 -39.8% EBITDA Other operating ex
Slide 8: Q1 2022 in numbers – Advisory
Q1 2022 Q1 2022 IN NUMBERS – ADVISORY Q1 2022 vs. Turnover ADVISORY Q1 2022 Q1 2021 Q1 2021 10.2% Revenues 9.1 8.3 10.2% 8.3M 9.1M Gross profit margin 2.9 2.2 35.4% Depreciation and Q1 2021 Q1 2022 -0.3 -0.2 -49.5% amortization Personell expenses -1.3 -0.9 -37.1% EBITDA >100% Other operating expense
Slide 9: Q1 2022 Cash & Liabilities
Q1 2022 CASH & LIABILITIES 9M 2021 FY 2021 Q1 2022 - 19.5M - 19.5M 22.2M 21.9M Rights issue to 4. High payouts 9.5M VKB 10.6m, Jan/Feb 22 solid 2.4M due to 2.7M cashflows, extraordinary - 19.4M interest paid year-end - 9.9M 1.1m, deferred business 21 payments for Interest purchase Interest Interest
Slide 10: Q1 2022 Further Facts
Q1 2022 FURTHER FACTS Bond 2019/2024 Development of share price 4. Quote: 101.70 % (May 11, 2022) Price: 19.40 EUR (May 11, 2022) Volume: 25,000,000 EUR 505,202 own shares coupon: 5.5% p.a Purchase price 6.10 per share ISIN: DE000A2YN1M1 Reserves 6.7M / Share value 9.8M JDC Group AG 12. Mai 2022 10
Slide 11: Spotlight: Automation & Scale
Spotlight: Automation & Scale JDC Group AG 12. Mai 2022 11
Slide 12: Scaling up with JDC's platform
SCALING UP WITH JDC’S PLATFORM Very stable cost structure: • from 31.1 Mio. EUR 2018 • only to 33.2 Mio. EUR 2020 Jump in total costs 2021 due to acquisition of IT company Morgen & Morgen With M&M Platform shows scale. Total costs in percent from turnover with a continuous decrease Without M&M JDC G
Slide 13: Platform within the platform – JDC.Inside
PLATFORM WITHIN THE PLATFORM – JDC.INSIDE ICRMweb JDC.INSIDE iCRMweb with a clear focus on broker, JDC.Inside focused on automation of customer and portfolio managment internal processes and mass data handling allesmeins JDC.Inside is a collection of special purpose automation apps feeding into one
Slide 14: JDC.Inside / Examples
PLATFORM WITHIN THE PLATFORM – JDC.INSIDE / 4 EXAMPLES Automated processing of comparative JDC.Inside Mail 1 portal applications 2 • Downloads applications and documents for new business • Imports Mails from Outlook centralized group mailboxes from several portals automatically • Creates workflow it
Slide 15: JDC.Inside / Examples
PLATFORM WITHIN THE PLATFORM – JDC.INSIDE / 4 EXAMPLES JDC.Inside payment notifications JDC.Inside BiPro 3 4 • Payment notifications are created with each payment run for • Imports preaggregated XML data from almost all insurance each broker (3times per month) by accounting system portals (volume gr
Slide 16: Q1 and Guidance 2022
Q1 and Guidance 2022 Guidance 2022 Achievements Q1 Turnover Turnover 165 to 175 million 43.2 million EBITDA EBITDA >11 million 3.7 million Goals • Successful rollout of further savings banks in the Provinzial region 2022 • Onboarding of other public insurers (e.g. VKB) • Leverage existing partnershi
Slide 17: Thank you for your attention!
Thank you for your attention! JDC Group AG 12. Mai 2022 17
Slide 18: 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