Do & Co Aktiengesellschaft · VIE:DOC
Do & Co Aktiengesellschaft — Investor Presentation (November 2021)
46 slides from Do & Co Aktiengesellschaft's investor presentation, Nov 18, 2021
Slide 1: DO & CO Company Presentation
DO & CO The Gourmet Entertainment Company Company Presentation NEW YORK | CHICAGO | LOS ANGELES | DETROIT | LONDON | MADRID | ISTANBUL | KIEV | SEOUL | PARIS | MILAN | FRANKFURT | MUNICH | WARSAW | VIENNA
Slide 2: DO & CO
DO & CO unique gourmet entertainment around the globe premium caterer and full-service hospitality provider globally active – 33 gourmet kitchens in 12 countries on 3 continents financial strength and entrepreneurial flair AIRLINE CATERING INTERNATIONAL EVENT RESTAURANTS | LOUNGES | CATERING HOTELS
Slide 3: Cost-Competitive
COST-COMPETITIVE through synergies between DO & CO’s divisions and brands AIRLINE CATERING INTERNATIONAL RESTAURANTS | LOUNGES EVENT CATERING HOTELS GOURMET KITCHENS BRAND | KNOW HOW | INNOVATION | MOTIVATION | CUSTOMERS ▪ 75% of group sales* ▪ 12% of group sales* ▪ 13% of group sales* ▪ 33 “gourmet
Slide 4: Strong Brands
STRONG BRANDS valued by customers with a legacy of traditions premium hospitality brand of the group • gourmet entertainment to highest standards • hand-made high-quality products • finest raw materials, always freshly produced exclusive pastry and chocolate • chocolatiers since 1786 • luxurious pat
Slide 5: Multi Region Strategy
MULTI REGION STRATEGY leveraging infrastructure and brand awareness Boston* Detroit New York Seoul San Francisco* Chicago Washington* Los Angeles San Diego* Gdansk Berlin London Düsseldorf Poznan Katowice Frankfurt Warsaw Krakow Munich Kyiv Linz Vienna Paris Salzburg Graz Milan Istanbul IST/ISL Trab
Slide 6: Diversification across divisions, clients, locations
DIVERSIFICATION ACROSS DIVISIONS, CLIENTS, LOCATIONS 3 dimensions of growth Airport Gastronomy “Hédiard” “Henry” “DEMEL” Staff Restaurants Hotel Restaurants Airline Lounges Stadium Hospitality Int. Event Catering Airline Caterin
Slide 7: Diversification Opportunity & Track Record
DIVERSIFICATION OPPORTUNITY & TRACK RECORD Munich expansion since 2013 – case study sales in m€ employees sales in m€ employees in 2013 4.5 37 >120 >1,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 Acquisition of Arena One FC Bayern Munich Olympic Park Munich DO & CO Hotel Munich • 500+ employees
Slide 8: Customer Satisfaction
CUSTOMER SATISFACTION proven for onboard catering and airline lounges COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 8
Slide 9: Customer Satisfaction
CUSTOMER SATISFACTION leads to longstanding and trustworthy partnerships • Formula 1 since 1992 / 30 years • CHIO Aachen – World Equestrian Festival since 1997 / 25 years • Beach volleyball Vienna & Wörthersee since 1998 / 24 years • Hahnenkamm ski race at Kitzbühel since 1999 / 23 years • ATP Maste
Slide 10: Long-Term Partnerships
LONG-TERM PARTNERSHIPS with key customers secured Formula 1 until 2024 Austrian Airlines in Vienna until 2027 Olympic Park Munich until 2028 FC Bayern Munich at the Allianz Arena until 2030 British Airways in London Heathrow until 2030 Iberia and Iberia Express in Madrid until 2030 Delta Air Lines i
Slide 11: Our Recipe
OUR RECIPE best quality, innovation and unique team 8,000 COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 11
Slide 12: Sustainability Report
SUSTAINABILITY REPORT achievements at a glance COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 12
Slide 13: Airline Catering
—— Airline Catering
Slide 14: Award Winning Premium Airline Catering
AWARD WINNING PREMIUM AIRLINE CATERING the best restaurants at 39,000 feet – gourmet entertainment by DO & CO COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 14
Slide 15: Award Winning Premium Airline Catering – Turkish Airlines
AWARD WINNING PREMIUM AIRLINE CATERING the best restaurants at 39,000 feet – Turkish Airlines COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 15
Slide 16: Award Winning Premium Airline Catering – British Airways
AWARD WINNING PREMIUM AIRLINE CATERING the best restaurants at 39,000 feet – British Airways COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 16
Slide 17: Differentiation through Added Value
DIFFERENTIATION THROUGH “ADDED VALUE” from high frequency locations to the home base “acquire” a hub expand services expand ▪ long-term relationship customer throughout ▪ biggest added value to network “customer experience” attract a ▪ efficient unit/pax costs strategic customer at ▪ one-stop shop a
Slide 18: Award Winning Premium Airline Catering
AWARD WINNING PREMIUM AIRLINE CATERING custom on board concepts – DO & CO design center in Vienna COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 18
Slide 19: Track Record of New Airline Customers
DO & CO’s TRACK RECORD OF NEW AIRLINE CUSTOMERS between 2017 and 2021 – serving more than 60 airline clients worldwide 2017 2018 2019 2020 2021 * Repeating clients due to win at various locations COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS
Slide 20: International Event Catering
International Event Catering
Slide 21: DO & CO F1 Hospitality
DO & CO F1 HOSPITALITY Formula One Paddock ClubTM since 1992 AROUND THE WORLD Shanghai Baku Barcelona Monte Carlo Montreal Le Castellet Spielberg Silverstone Hockenheim Budapest Spa Monza Singapore Sochi Suzuka Austin Mexico City Abu Dhabi COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVI
Slide 22: We Serve Gourmet Entertainment
WE SERVE GOURMET ENTERTAINMENT at the highest level at our events COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 22
Slide 23: Stadium Hospitality Management
STADIUM HOSPITALITY MANAGEMENT Allianz Arena Munich – Home of FC Bayern Munich COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 23
Slide 24: Olympic Park Munich
OLYMPIC PARK MUNICH Gourmet Entertainment by DO & CO COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 24
Slide 25: UEFA European Football Championship 2020
UEFA European Football Championship 2020 Gourmet Entertainment by DO & CO COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 25
Slide 26: Restaurants, Lounges & Hotels
Restaurants, Lounges & Hotels
Slide 27: Premium Restaurants, Hotels & Gourmet Shops
PREMIUM RESTAURANTS, HOTELS & GOURMET SHOPS innovation, market fresh ingredients only, handmade premium quality ONYX STEPHANSPLATZ, VIENNA COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 27
Slide 28: Premium Restaurants, Hotels & Gourmet Shops
PREMIUM RESTAURANTS, HOTELS & GOURMET SHOPS DO & CO Munich – Hotel COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 28
Slide 29: Premium Restaurants, Hotels & Gourmet Shops
PREMIUM RESTAURANTS, HOTELS & GOURMET SHOPS innovation, market fresh ingredients only, handmade premium quality COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 29
Slide 30: Premium Lounges & Airport Gastronomy
PREMIUM LOUNGES & AIRPORT GASTRONOMY award-winning, trend setting COMPANY AIRLINE INTERNATIONAL RESTAURANTS | FINANCIAL OVERVIEW CATERING EVENT CATERING LOUNGES | HOTELS OVERVIEW 30
Slide 31: Financial Overview
Financial Overview
Slide 32: Revenue and EBITDA Margin Development
REVENUE AND EBITDA MARGIN DEVELOPEMENT in the past 10 years Revenue and EBITDA margin 20% 935 916 913 861 18% 848 18% 799 16% 636 14% 576 in m€ 466 12% 10% 10% 10% 10% 10% 10% 10% 9% 10% 253 7% 8% 6% 4% 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 COMPANY AIRLINE I
Slide 33: Balance Sheet Development
BALANCE SHEET DEVELOPMENT in the past 10 years Total assets and equity ratio 1.090 59% 55% 43% 44% 858 42% 41% 41% 39% 628 621 in m€ 589 573 589 1) 19% 19% 517 352 289 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 Remark: 1) first-time application of IFRS 16 → effec
Slide 34: 1st Half Year 2021/2022 At a Glance
1st Half Year 2021/2022 At a glance very satisfying first half year ! ➢ revenue more than doubled, results very pleasing ➢ DO & CO wins JetBlue home base at New York-JFK ➢ very high demand in all divisions ➢ DO & CO back on the growth track ➢ high cash position even increased to € 209.5m Q1 Q2 1st H
Slide 35: DO & CO wins home base of JetBlue at JFK
A bigger bite out of the Big Apple ! DO & CO wins home base of JetBlue at JFK
Slide 36: 1st Half Year 2021/2022 Income Statement
1st Half Year 2021/2022 Income statement Q1 Q2 1st HY Q1 Q2 1st HY Change Adjuste st st Group 2021/22 2021/22 2021/22 2020/21 2020/21 2020/21 Q1 Q1 % Q2 Q2 % 1 HY 1 HY % Revenue m€ 102.8 183.2 286.0 32.5 78.9 111.4 70.4 216.7% 104.3 132.2% 174.7 156.9% EBITDA m€ 22.3 26.5 48.8 -7.7 14.3 6.6 30.1 389
Slide 37: Net Debt to EBITDA
1st Half Year 2021/2022 Net debt to EBITDA within the last six months net debt to EBITDA cut in half ! ➢ from 7.4 at end of Mar. 2021 to 3.7 at Sep. 2021 ➢ already in line with covenant testing* 8.0 7.4 7.5 7.0 6.5 6.0 5.5 5.5 5.5 default 5.5 covenant 5.0 4.4 4.5 4.0 3.7 3.5 3.0 2.5 2.0 1.5 1.0 0.5
Slide 38: 1st Half Year 2021/2022 Divisions
1st Half Year 2021/2022 Divisions Q1 Q2 1st HY Q1 Q2 1st HY Comments AC 2021/22 2021/22 2021/22 2020/21 2020/21 2020/21 Revenue m€ 77.5 130.9 208.5 23.9 54.9 78.8 ➢ sharp revenue increase at all locations EBITDA m€ 16.5 21.9 38.4 -3.9 10.6 6.7 ➢ successful win of various tenders: Depreciation m€ -9.
Slide 39: 1st Half Year 2021/2022 Cash Flow
1st Half Year 2021/2022 Cash flow Q1 Q2 1st HY 1st HY Change in m€ 2021/22 2021/22 2021/22 2020/21 yoy Gross cash flow 20.3 16.8 37.2 5.5 31.6 Changes in working capital -10.9 1.1 -9.8 2.5 -12.3 Income tax payments -0.5 -0.5 -1.0 -1.8 0.8 Cash flow from operating activities 9.0 17.4 26.4 6.3 20.2 Ca
Slide 40: 1st Half Year 2021/2022 Balance Sheet
1st Half Year 2021/2022 Balance sheet 30 Sep. 31 Mar. Comments in m€ 2021 2021 Intangible assets 27.2 28.4 ➢ overall extension of balance sheet due to ramp up Property, plant and equipment 365.6 384.8 of business Investment property 0.9 1.0 Investments accounted for using the equity method 1.0 1.0 O
Slide 41: DO & CO Share
DO & CO SHARE LISTING Vienna Stock Exchange Borsa Istanbul ISIN:AT0000818802 ISIN (single ISIN code, fully fungible shares) REUTERS DOCO.VI DOCO.IS BLOOMBERG DOC AV DOCO. TI INDEX ATX Prime, ATX BIST ALL CURRENCY EUR TRY DATE OF LISTING 30.06.1998 02.12.2010 Issued capital: EUR 19,488,000 Number of
Slide 42: Financial Calendar
FINANCIAL CALENDAR Business Year 2021/2022 and 2022/2023 17.02.2022 Results for the first three Quarters 2021/2022 15.06.2022 Results for the Business Year 2021/2022 11.08.2022 Results for the first Quarter 2022/2023 17.11.2022 Results for the first Half Year 2022/2023 COMPANY AIRLINE INTERNATIONAL
Slide 43: Management
MANAGEMENT well-experienced and long-standing board members Attila Dogudan Gottfried Neumeister CEO Co-CEO first appointed to the Board in 1997 first appointed to the Board in 2012 43
Slide 44: Thank You!
RESTAURANTS HOTEL LOUNGES CATERING THANK YOU !
Slide 45: Investor Relations contacts
Investor Relations contacts Gottfried Neumeister Lukas Hasenöhrl Co-CEO Investor Relations / Group Controlling [email protected] [email protected] +43 664 80 777 2416 DO & CO Aktiengesellschaft Vienna, 18 November 2021
Slide 46: Disclaimer
DISCLAIMER The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. C
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