Jacquet Metals (JCQ) ODDO BHF Forum Presentation summary

Market position and global footprint

• Recognized as a major distributor of special metals with a presence in 24 countries and 124 distribution centers as of September 30, 2024.

• Employs 3,353 people and achieved €2.0bn in last twelve months (LTM) sales.

• Sales are geographically diversified, with Germany (35%), other Europe (25%), France (10%), Italy (7%), the Netherlands (7%), Spain (7%), North America (7%), and outside Europe (2%).

Business operations and divisions

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

• Serves 60,000 customers with an average invoice below €3,000 and typical delivery time of about one week.

• Relies on 20 key suppliers for about 50% of purchases, with delivery times ranging from 2 to 12 months.

• Supplies sectors including chemistry, agri-food, gas treatment, pharmaceuticals, environment, energy, fabricated metal products, machinery, and transportation.

Financial performance and key metrics

• Sales for the first nine months of 2024 were €1,543m, down 12.6% year-over-year; EBITDA margin was 3.9%.

• Operating cash flow reached €133m, with capital expenditure of €53m (excluding external growth).

• Gearing ratio stood at 29.8% as of September 30, 2024.

• Net debt was €68m, with €337m in cash and €983m in credit lines, 54% of which were used.