Jacquet Metals (JCQ) Portzamparc Annual Conference Mid & Small Caps Presentation summary

Market position and global footprint

• Recognized as a major distributor of special metals with a presence in 24 countries and 123 distribution centers.

• Achieved €2bn in sales with 3,416 employees as of March 31, 2025.

• Sales are diversified geographically: Germany 32%, North America 8%, France 10%, other Europe 26%, and outside Europe 2%.

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

• Serves sectors including chemistry, agri-food, energy, machinery, and transportation.

Environmental responsibility and supply chain

• 75% of supplies sourced from recycled metals, emphasizing recycling and circular economy.

• Systematic recovery and recycling of metal scraps and consumables.

• Group's carbon footprint impact is 1.2%, with upstream activities accounting for 58.3% and downstream 40.5%.

• Delivery times from suppliers range from 2 to 12 months; 20 suppliers account for about 50% of purchases.

• Services 65,000 customers with average invoice below €3,000 and typical delivery time of about one week.

Q1 2025 financial performance

• Q1 2025 sales reached €511m, down 8.5% year-over-year, with volumes sold decreasing by 5.7%.

• Gross margin improved to 23.4% from 20.3% in Q1 2024.

• EBITDA rose to €24m (4.8% of sales) from €19m (3.5% of sales) in Q1 2024.

• Net income (group share) was €2.3m, with gearing at 30%.

• CAPEX for the quarter was €5m, excluding external growth.