Jacquet Metals (JCQ) ODDO BHF Nextcap Forum Presentation summary

Market position and global footprint

• Recognized as a major distributor of special metals with a global presence in 27 countries and 123 distribution centers.

• Last twelve months (LTM) sales reached €2.1bn, supported by 3,339 employees.

• Sales are geographically diversified, with Germany (36%), other Europe (25%), and North America (7%) as key markets.

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

Financial performance Q1 2024

• Q1 2024 sales were €558m, down 19% year-over-year, with volumes sold decreasing by 7.2%.

• EBITDA margin dropped to 3.5% from 11.1% in Q1 2023, with EBITDA at €19m.

• Net income (group share) was €3m, significantly lower than €44m in Q1 2023.

• Gross margin was €114m (20.3% of sales), down from €173m (25.0%) in Q1 2023.

• Operating cash flow remained strong at €87m, with gearing reduced to 24.5%.

Operational developments and investments

• Capital expenditures totaled €21m, including acquisition of a site in Bologna, Italy, and the purchase of COMMERCIALE FOND SPA.

• New sites under development in Toronto and Chicago, expected to be operational by 2026.

• Recent acquisitions and expansions support international growth, particularly in Italy and North America.