JDC Group AG · XETR:JDC
JDC — Q3 2021 Earnings Presentation
21 slides from JDC's earnings presentation, Nov 17, 2021
Slide 1: Earnings Call Q3 2021: Scaling Up
EARNINGS CALL Q3 2021: Scaling Up Dr. Sebastian Grabmaier (CEO) Ralph Konrad (CFO) JDC Group AG 17. November 2021 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 17. November 2021 2
Slide 3: Platform technology
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 3.6M contracts on the platform. Next to increasing back office efficiency through digitalisa
Slide 4: 9M 2021 Highlights
9M 2021 HIGHLIGHTS • First nine months 2021 with very satisfying development Turnover • Turnover growth first nine months 2021 + 19.2% to 103.1m EUR +25% • EBITDA rises from 3.7 to 5.3m EUR (+44.7%) / compared to EBITDA FY 2020 5.1m Q3 • Long term growth path - growth accelerating 27.7M 34.4M Histor
Slide 5: Composition of turnover growth & turnover
Composition of turnover growth & turnover Turnover development 9M 2021 Turnover split 9M 2021 0.2M 4.9M -9.1% 2.6M +22.9% +19.3% 10.2M 25.4% IFA business 103.1M +18.5% Major customers 2.4% 86.5M Direct clients 63.6% 15.8% Advisory IFA Major Direct 9M 2020 Advisory 9M 2021 business customers customer
Slide 6: 9M 2021 in Numbers – Group
9M 2021 9M 2021 IN NUMBERS – GROUP Q3 2021 9M 2021 9M 9M Turnover in million EUR Q3 2021 Q3 2020 vs. vs. 19.2% 2021 2020 Q3 2020 9M 2020 Revenues 34.4 27.7 24.5% 103.1 86.5 19.2% 103.1M 86.5M Advisortech 27.9 22.1 25.9% 84.3 71.7 17.6% Advisory 8.9 7.3 21.8% 26.2 21.3 22.9% 9M 2020 9M 2021 Hol
Slide 7: 9M 2021 in Numbers – Advisortech
9M 2021 9M 2021 IN NUMBERS – ADVISORTECH Q3 2021 9M 2021 ADVISORTECH Q3 2021 Q3 2020 vs. 9M 9M vs. Turnover 2021 2020 17.6% Q3 2020 9M 2020 Revenues 27.9 22.1 25.9% 84.3 71.7 17.6% 71.7M 84.3M Gross profit margin 7.3 5.6 30.6% 21.8 18.9 15.4% Depreciation and 9M 2020 9M 2021 -1.0 -0.9 -6.0% -2.8 -2.
Slide 8: Growth contribution in the Advisortech segment
Growth contribution in the Advisortech segment IFA business Major customers Direct Clients raises from 55.3m to 65.6m raises from 13.6m to 16.3m Is churning as to expectations +18.5% +19.3% -9.1% 55.3M 13.6M 16.3M 65.6M 2.7M 2.5M 9M 2020 9M 2021 9M 2020 9M 2021 9M 2020 9M 2021 Very satisfying growth
Slide 9: 9M 2021 in Numbers – Advisory
9M 2021 9M 2021 IN NUMBERS – ADVISORY Q3 2021 9M 2021 9M 9M Turnover ADVISORY Q3 2021 Q3 2020 vs. vs. 2021 2020 Q3 2020 9M 2020 22.9% Revenues 8.9 7.3 21.8% 26.2 21.3 22.9% 21.3M 26.2M Gross profit margin 2.8 2.0 35.7% 7.4 6.0 23.8% Depreciation and 9M 2020 9M 2021 -0.3 -0.2 -38.3% -0.8 -0.6 -26.7%
Slide 10: Cash & Liabilities
9M 2021 CASH & LIABILITIES HY1 9M NOV 12 Net Cash 31.12.2020 -7.6M First - 19.4M installment 14.6M 24.1M 4. Rights issue to M&M, initial 9.5M VKB 10.6m 4.7M investment and solid - 19.4M EGV and solid operating CF operating CF - 19.4M -4.8M - 9.9M Interest Interest Interest Cash on Net cash Cash on N
Slide 11: Further Facts: Bond 2019/2024 and share price
9M 2021 FURTHER FACTS Bond 2019/2024 Development of share price 4. Quote: 102.25 % (Nov 12, 2021) Price: 24.40 EUR (Nov 12, 2021) Volume: 25,000,000 EUR 505,202 own shares coupon: 5.5% p.a Purchase price 6.10 per share ISIN: DE000A2YN1M1 Reserves 9.2M / Share value 12.3M JDC Group AG 17. November 20
Slide 12: Spotlight comdirect Versicherungsmakler
Spotlight comdirect Versicherungsmakler JDC Group AG 17. November 2021 12
Slide 13: Comdirect Versicherungsmakler: operation closed
Comdirect Versicherungsmakler OPERATION CLOSED – WITHOUT FINANCIAL IMPACT ON JDC • Due to the merger of comdirect with Commerzbank, all activities of comdirect were re-evaluated – also the comdirect Versicherungsmakler (CVM). • Commerzbank itself is registered as a MGA and runs an exklusive long ter
Slide 14: Spotlight German Savings Banks
Spotlight German Savings Banks JDC Group AG 17. November 2021 14
Slide 15: New Anchor Shareholder VKB
NEW ANCHOR SHAREHOLDER VKB RIGHTS ISSUE SEPT 27th New Shareholder structure JDC platform technology will be the transaction engine JDC and backoffice for the insurance business of the 110 3.7% Management savings banks in Bavaria, Berlin, Brandenburg and Saar 11% Region via the „S-Versicherungsmanage
Slide 16: German Banking System
German Banking System BANKING PILLARS AND MAIN INSURERS German banking system Private Banks Savings Banks Cooperative Banks e.g Commerzbank, Deutsche Bank, ING DiBa 380 banks 870 banks 390 banks 13,000 branches 10,500 branches 4,500 branches Public Insurers Private Insurers, mainly: - VKB Cooperativ
Slide 17: German Banking System: Savings Banks and Others
German Banking System SAVINGS BANKS AND OTHERS Ranking by number of customers (mn) 55 50 • Savings banks with the 45 most customers by far 35 • Savings bank network 25 21,7 20 more than twice as big as 18,6 Commerzbank or 15 9,3 Deutsche Bank 6,1 4,1 4 3,6 5 1,5 • Savings bank network is -5 the key
Slide 18: JDC as the Insurance platform for German savings banks
JDC as the Insurance platform for German savings banks SAVINGS BANKS AND OTHERS • The 4 biggest public insurers (VKB, Provinzial, SV, VGH) agreed to use the S-Versicherungsmanager as the sole insurance front end • JDC‘s platform will be integrated via API to the S- Versicherungsmanager and OSplus (t
Slide 19: Guidance 2021
Guidance 2021 Guidance 2021 9M / Achievements so far Turnover Turnover Turnover 135 to 142 million 140 to 145 million 103 million EBITDA EBITDA EBITDA > 7 million > 8 million 5.3 million • Successfully onboard Provinzial and the first savings banks ongoing, Go Live S-VM December 2021 • Add further
Slide 20: Thank you for your attention!
Thank you for your attention! JDC Group AG 17. November 2021 20
Slide 21: 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