Jacquet Metals (JCQ) Lyon Pôle Bourse Forum Presentation summary

Business overview

• Operates as a major distributor of special metals with a global presence in 24 countries and 124 distribution centers, employing 3,353 people.

• Sales reached €2.0bn over the last twelve months, with Germany, other European countries, and North America as key markets.

• Serves 60,000 customers, with an average invoice below €3,000 and delivery times around one week.

• Product portfolio includes stainless steel quarto plates, long products, and engineering metals, serving sectors like energy, machinery, transportation, and pharmaceuticals.

• Three main divisions: JACQUET (quarto plates), STAPPERT (long products), and IMS group (engineering metals).

Financial performance and recent developments

• H1 2024 saw a 5.8% drop in volumes sold and a 15.5% decrease in sales to €1,074m, with EBITDA at €39m (3.6% margin).

• Operating cash flow reached €136m, and gearing improved to 21% from 31% at 2023 year-end.

• Capital expenditures totaled €28m, including the acquisition of a Bologna site operated by IMS group.

• Recent acquisitions include Commerciale Fond SpA in Italy, adding €31m in sales and four distribution centers.

• Expansion projects underway in Germany (Stuttgart), Canada (Toronto), and the US (Chicago), operational between 2024 and 2026.

Sustainability and environmental responsibility

• 75% of supplies sourced from recycled steels, with systematic recovery and recycling of metal scraps.

• Group's carbon footprint is mainly upstream (97.8% Scope 3), with minimal direct impact (1.2% Scope 1 & 2).

• Production accounts for over 94% of emissions, with transport and electricity as minor contributors.