Jacquet Metals SA · EURONEXT:JCQ
Jacquet Metals SA — ODDO BHF Forum – January 2022
20 slides from Jacquet Metals SA's conference presentation, January 2022
Slide 1: A European leader in the distribution of specialty steels
A European leader in the distribution of specialty steels ODDO BHF Forum – January 2022
Slide 2: Positioning
Positioning Commodities steel market 94% Specialty steel market 6% Typology: Typology: Large volume Targeted application “Volumes” strategy “Margin” strategy Players: Players: 1.8 Bn Amari Metal Aperam tons Ta Chen International Kloeckner JACQUET METALS 2
Slide 3: Added value
Added value Suppliers JACQUET METALS Clients 20 specialty steels producers Purchasing prices 60,000 customers ± 50% of purchases Storage of specialty steels Average invoice < €3,000 Delivery time from 2 to 12 Managing price fluctuations months Services & Logistics Delivery time ± 1 week 3
Slide 4: 3 divisions
3 divisions Sales breakdown* JACQUET STAPPERT IMS group Asia & others 7% Germany 13% Germany 47% Outside Germany 41% Other Europe 2% Europe 24% France 9% France 11% €400m €550m €850m The Netherlands Outside 9% Europe 1% France 6% Spain 11% Italy 6% Other Europe Other The Netherlands 12% Spain 6% Eur
Slide 5: Sectors
Sectors Stainless steel Engineering steel JACQUET STAPPERT IMS group Quarto plates Long products Chemistry Machinery & equipment Agri-food industry Transportation (railway sector, Gas treatment and storage heavy goods vehicles, etc.) Pharmaceutical industry Energy (wind turbines, etc.) Environment F
Slide 6: Specialty steels
Specialty steels 6
Slide 7: Group overview
Group overview Sales LTM: €1.8bn 2,918 employees - 107 distribution centres - 25 countries Worldwide footprint Sales breakdown Asia & others 3% Germany 38% Other Europe 25% France 9% North America 5% The Netherlands 7% Italy 6% Spain 7% LTM : last twelve month as of September 30, 2021 Sales breakdow
Slide 8: Main development markets
Main development markets USA Germany Italy United Kingdom Asia 8
Slide 9: JACQUET Magyarorszag (Hungary) – S1 2021 JACQUET Italy – S2 2021
JACQUET Magyarorszag (Hungary) – S1 2021 JACQUET Italy – S2 2021 9
Slide 10: Global situation as of September 30th, 2021
Global situation as of September 30th, 2021 Market conditions • The Group’s business and profitability benefited from both a well oriented demand with sold volumes increased by +4.1% compared to September 30, 2019, and by +22.6% compared to September 30, 2020, and the increase in raw materials price
Slide 11: Metrics as of September 30th, 2021
Metrics as of September 30th, 2021 Activity & results Sales JACQUET : +32.5% / €311m +38.9% STAPPERT : +39.5% / €459m 16.3% IMS group : +41.4% / €684m In €m 22.6% y.o.y. 41.6% Sequential -3.2% -0.3% -3.1% -1.6% +7.8% +9.3% +12,6 % 24.8% 37.2% 6.6% 15.2% -1.6% 1.2% T1 20 T2 20 T3 20 T4 20 T1 21 T2 21
Slide 12: Cash flow / Balance sheet as of September 30th, 2021
Cash flow / Balance sheet as of September 30th, 2021 Solid financial position Operating cash flow: +€50m Gearing: 25% In €m Operating cash flow: Non-current assets +€50m (incl. goodwill €66m 231 In €m and real estate €100m) 106 -138 25 113 455 Shareholders’ equity 23 9 88 Net operating WCR (of which
Slide 13: Appendices
Appendices
Slide 14: Shareholder structure
Shareholder structure Shareholder structure at 30.09.2021 % capital (% voting rights) Éric Jacquet and JSA (which is controlled by Éric Jacquet) held 42.08% of the share capital and 59.03% of the voting rights in the Company as of September 30, 2021. Éric Jacquet / JSA 42.08% (59.03%) Other 36.54% (
Slide 15: Stock market information
Stock market information 30.09.2021 (9 months) Number of shares at end of period Shares 23,022,739 Market capitalization at end of period €k 504,198 High € 24.00 Low € 13.44 Price at end of period € 21.90 Average daily trading volume Shares 21,683 Average daily traded capital € 428,012 Euronext Pari
Slide 16: Income statement
Income statement 30.09.20 30.09. 21 €m 9 months 9 months Sales 1,039 1,443 Gross margin 235 389 In % of sales 22.6% 26.9% Operating expenses (202) (243) Net depreciation and amortization (27) (27) Net provisions (13) (4) Gain on disposals of non-current assets 0 0 Operating income / (loss) (7) 115 N
Slide 17: Current operating expenses (EBITDA)
Current operating expenses (EBITDA) +20% vs YTD.20 €243m (16.9% of sales) +20% In €m In % of sales 19.5% 16.9% 17
Slide 18: Balance sheet
Balance sheet €m 31.12.20 30.09.21 Goodwill 66 66 Net non-current assets 154 165 Right-of-use assets 70 62 Net inventory 368 477 Net trade receivables 135 230 Other assets 91 103 Cash 333 319 Total assets 1,217 1,421 Shareholders’ equity 373 455 Provisions (incl. provisions for employee benefit obli
Slide 19: Borrowings as of September 30th, 2021
Borrowings as of September 30th, 2021 Solid financial position The Group hold €319m of cash and €731m of lines of credit, 59% of which were used. Authorized at Used at In €m % Used 30.09.2021 30.09.2021 Repaid on Syndicated revolving loan 2024 125.0 - 0% October 30, 2021 Schuldscheindarlehen 2023 35
Slide 20: Euronext Paris
Euronext Paris ISIN : FR0000033904