STRÖER SE & CO. KGAA Gaining share - prepared for the cycle
Commerzbank ODDO BHF - German Investment Seminar - New York
January 11, 2023 | Ströer SE & Co. KGaA
Agenda
1 2 3
Overview & Group Update | Financials | Outlook |
2
Business segments at a glance
OOH
Media
in Mio. EUR | 2020 | 2021 | Delta | |||
Revenue | 655.7 | 700.8 | 6.9% | |||
adj. EBITDA | 298.2 | 335.9 | 12.6% | |||
EBITDA margin (adj.) | 45.5% | 47.9% | 2.4 %pts | |||
#1 OOH provider in Germany
Area-wide marketing & operation of around 300,000 advertising spaces and 20,000 items of street furniture
Product variety at the touchpoints street, building & means of transportation
Industry standards through continuous research & development
Complementing the digital infrastructure of cities with advertising media
Digital &
Dialog Media
in Mio. EUR | 2020 | 2021 | Delta | |||
Revenue | 636.7 | 733.9 | 15.3% | |||
adj. EBITDA | 155.5 | 187.4 | 20.5% | |||
EBITDA margin (adj.) | 24.4% | 25.5% | 1.1 %pts | |||
#1 digital marketer in Germany
High-quality portfolio reaches around 50 million UU per month
Strong market position in news and diverse premium content for digital natives
Full call-center services with focus on outbound sales & cross/up-selling activities
Comprehensive field service
DaaS &
E-Commerce
in Mio. EUR | 2020 | 2021 | Delta | |||
Revenue | 180.0 | 241.9 | 34.4% | |||
adj. EBITDA | 21.6 | 22.1 | 2.3% | |||
EBITDA margin (adj.) | 12.0% | 9.1% | -2.9 %pts | |||
ASAMBEAUTY |
Leading digital beauty private label platform in DACH
Statista |
Leading global provider of business, consumer and industry data Subscription-based B2B model
3
Results 9M 2022
m€ | 9M 2021 | 9M 2022 | ▲ |
Reported growth
Revenues
Organic growth(1)
EBITDA (adjusted)
EBIT (adjusted)
Net income (adjusted)(2)
Operating Cash Flow
Capex
1,100.2
+11.7%
318.9
125.3
83.4
221.5
62.1
1,246.3
+13.5%
353.9
154.6
104.2
233.6
117.7
+13%
+1.8%pts
+11%
+23%
+25%
+5%
+89%
Note: New organic growth calculation with 12 months delayed recognition of acquisitions (applied from fiscal year 2022) | |
(1)Excluding exchange rate effects and effects from (de)consolidation and discontinuation of operations | 4 |
(2)Adjusted for exceptional items and additional other reconciling factors in D&A (PPA related amortization and impairment losses), in financial result and in income taxes |
Q3 Market Dynamics: Resiliant Business, Strong DOOH Dynamics
Outperforming Local German Competition by >10 points
Global Points | Local German | Ströer Group & |
of Reference | Peers | Core Business |
Alphabet | Desktop/Mobile* | German AdMarket* | Ströer DOoH |
+6% | -10% | -9% | +23% |
Youtube | TV Germany* | Print Germany* | Ströer OoH |
-2% | -10% | -9% | +4% |
Meta | Radio Germany* | OoH Germany* | Ströer Group |
-4% | -10% | -8% | +5% |
* Nielsen Numbers (gross) for Q3; reported net numbers of public companies indicated similar or slightly worse trend on net revenue basis. | 5 |
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Stroeer SE & Co. KGaA published this content on 11 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2023 14:59:04 UTC.
