Quarterly Financial Statements
as per 30 September 2020 Conference Call
Munich, 12 November 2020
Prof. Klaus Josef Lutz, CEO
Andreas Helber, CFO
Agenda
- Development of the Group1-9/2020
- Development of the Segments1-9/2020
- Group Financials1-9/2020
- Outlook for FY 2020
Appendix
12 November 2020 | Page 2 |
Development of the Group 1-9/2020
12 November 2020 | Page 3 |
Development of the Group 1-9/2020
Summary
In EUR m | +32.9% | ||
-2.2% | |||
12,473.0 | 12,197.8 | 102.7 | |
Revenues | 77.3 | ||
EBIT | |||
1-9 2019 | 1-9 2020 | 1-9 2019 | 1-9 2020 |
- Slight decline in revenues due to disposal of TESSOL
- Above-average,strong third quarter: significant earnings improvement supported by all three operating segments
- Burdens of around EUR 18 million from Corona (direct and indirect) absorbed in the reporting period
- Extraordinary income in the previous year (sale ofKartoffel-Centrum Bayern GmbH for EUR 3.9 million and AHG-Autohandelsgesellschaft mbh for EUR 3.1 million) compensated
- BayWa r.e.: large majority of project sales to take place in Q4
12 November 2020 | Page 4 |
Development of the Group Q3/2020
Multi-year comparison of EBIT
48.9
30.1
25.1
Ø 23.6
17.5
-3.8
Q3 2016 | Q3 2017 | Q3 2018 | Q3 2019 | Q3 2020 |
12 November 2020 | Page 5 |
Development of the Group 1-9/2020
Multi-year comparison of EBIT
102.7
90.3
85.4
77.3
28.3
Ø 76.8
1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | 1-9 2020 |
12 November 2020 | Page 6 |
Energy Segment
Energy Segment 1-9/2020 Market developments
Renewable Energies
Forecast for global capacity installation in 20201
Onshore wind energy | Solar | |
66 | 127 | |
GW | GW | |
(+19.3% y/y) | (+5.0% y/y) | |
Gross capacity installation in Germany from Jan. to Aug. 20202
In MW | Wind-Onshore | Solar | In GW | +30.2% | ||
4.08 |
Conventional Energy
Brent crude oil price3and heating oil price trend in Germany4
In USD per barrel | In cent per litre | |||||
80 | 75 | |||||
66.9 | ||||||
70 | 70 | 66.2 | ||||
60 | 65 | 65.4 | ||||
60 | ||||||
50 | ||||||
40 | 55 | 52.7 | ||||
30 | 50 | |||||
20 | 45 | |||||
10 | 40 | 41.0 | ||||
Jan. 19 Jun. 19 Nov. 19 Apr. 20 Sep. 20 | Jan. 19 | Jun. 19 | Nov. 19 | Apr. 20 | Sep. |
Sale of heating oil in Germany5
373 | 357 | 369 | 379 | 446 | 436 | 437 | 409 | 3.13 | ||||||||
3.20 | ||||||||||||||||
189 | 169 | 2.70 | ||||||||||||||
91 | 79 | 72 | 94 | 71 | 109 | |||||||||||
0.88 | ||||||||||||||||
0.43 | ||||||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul Aug | 1-8 2019 | 1-8 2020 |
In millions | +9.4% |
of tons | |
10.2 | 11.2 |
1-8 2019 | 1-8 2020 |
- Crude oil price 30% lower y/y:
- high crude oil stocks (7% above5-year Ø)
- decline in demand anticipated due to rising Corona infection rates in Europe
- Increased customer demand for heating oil - price trend used increasingly by consumers to stock up
Sources: 1) BNEF; 2) Bundesnetzagentur; 3) finanzen.net 4) Statista; 5) BAFA, as of August 2020
12 November 2020 | Page 8 |
Energy Segment 1-9/2020: Renewable Energies Revenues and EBIT as against the previous year
Renewable Energies
In EUR m
+23.0% | |
1,081.2 | 1,329.8 |
Revenues | |
1-9 2019 | 1-9 2020 |
>+100% | ||
22.0 | ||
EBIT | 3.9 | |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +248.6 million
- EBIT: ∆ 19/20 EUR +18.1 million
- Significant increase in revenues and earnings through successful realisation of several international project sales
- 2 wind farms (4.7 MW - Schönberg 2, Germany; 9.0 MW - Le Champ Grand, France)
- 1 solar park (38.9 MW - Gebeng, Malaysia)
- Extensive trading in PV components:
- PV modules sold +29.8% y/y; converters sold +33.6% y/y
12 November 2020 | Page 9 |
Energy Segment 1-9/2020: Conventional Energy Revenues and EBIT as against the previous year
Conventional Energy
In EUR m
-30.6% | |
1,908.1 | |
1,323.6 | |
Revenues | |
1-9 2019 | 1-9 2020 |
+20.9% | |
21.5 | 26.0 |
EBIT | |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR-584.5 millions
- EBIT: ∆ 19/20 EUR +4.5 millions
- Price-induceddecline in revenues and disposal of TESSOL (around EUR 290 million)
- Uptrend in heating oil sales (+27.8% y/y), wood pellets (+7.8% y/y) and lubricants (+16.9% y/y); decline in fuels(-11.7% y/y)
- Price drops of heat energy carriers used by consumers to stock up
- Upfront buying effects due to VAT reduction and imminent CO2tax (2021)
- Significant increase in earnings fromabove-average sale of heat energy carriers
12 November 2020 | Page 10 |
Financials Energy Segment 1-9/2020
Income Statement
in EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | 1-9 2020 | ∆19/20 (%) |
Revenues | 2,070.6 | 2,500.5 | 2,583.7 | 2,989.3 | 2,653.4 | -11.2% |
EBITDA | 81.8 | 87.3 | 9.0 | 51.3 | 82.2 | 60.2% |
% of Revenues | 4.0% | 3.5% | 0.3% | 1.7% | 3.1% | |
EBIT | 57.7 | 63.0 | -10.1 | 25.4 | 48.0 | 89.0% |
% of Revenues | 2.8% | 2.5% | -0.4% | 0.8% | 1.8% | |
EBT | 47.4 | 48.5 | -24.6 | -10.6 | 9.2 | > 100% |
% of Revenues | 2.3% | 1.9% | -1.0% | -0.4% | 0.3% | |
12 November 2020 | Page 11 |
Agriculture Segment
Agriculture Segment 1-9/2020
Market developments - agricultural products
Agri commodities price trend1
In EUR/tons
Corn CBT | Wheat MTF | Soy meal CBT | Rape seed MTF | ||||||
220 | 430 | ||||||||
200 | 410 | ||||||||
390 | |||||||||
180 | 370 | ||||||||
160 | 350 | ||||||||
330 | |||||||||
140 | 310 | ||||||||
120 | 290 | ||||||||
270 | |||||||||
100 | 250 | ||||||||
Jan-19 | Jun-19 | Nov-19 | Apr-20 | Sep-20 | Jan-19 | Jun-19 | Nov-19 | Apr-20 | Sep-20 |
- Price rally on the agricultural commodities markets:
- Lower harvest anticipated due to drought in many global growing areas, (e.g. Black Sea region) results in less willingness to part from the old harvest
- At the same time, strong demand for feedstuff grain from China due to recovery in pig livestock
Global grain balance (excl. rice; October 2020)2
In millions of tons | Ending Stocks | Production | Consumption | |||||
2750 | 135 | |||||||
115 | ||||||||
2250 | 1996 | 2171 | 2124 | 2128 | 2175 | 2232 | 95 | |
2041 | ||||||||
75 | ||||||||
59 | 53 | |||||||
1750 | ||||||||
55 | ||||||||
29 | 20 | 35 | ||||||
1250 | ||||||||
8 | ||||||||
1 | 15 | |||||||
750 | -5 | |||||||
-24 | -25 | |||||||
250 | -45 | |||||||
2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21* |
- Around 2,232 million tons (+2.6% y/y) anticipated for the global crop year 2020/21
- German grain harvest 2020 anticipated at around 42.9 million tons(-3.1% y/y) slightly under previous year's level
- Global oil seed production of 606 million tons in 2020/21 likely to exceed the previous year by 5.0%; oilseed meal expected to be 2.6% higher y/y
Sources: 1) MATIF und CBOT exchanges; 2) USDA; * forecast 2020/21, as of October 2020
12 November 2020 | Page 13 |
Agriculture Segment 1-9/2020: BAST
Revenues and EBIT as against the previous year
BAST
In EUR m
-10.0% | |
3,645.0 | 3,281.0 |
Revenues | |
1-9 2019 | 1-9 2020 |
+56.6% | |
16.6 | |
10.6 | |
EBIT | |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR-364.0 million
- EBIT: ∆ 19/20 EUR +6.0 million
- Volume-induceddecline in revenues partly due to restricted trading activities because of Corona (-5.4% y/y)
- Significant earnings increase; business unit benefits from price rally and can compensate for lower sales volumes through higher margins
- Catch-upeffects in the speciality trade in Q3 as individual trading transactions in Q2 were delayed due to Corona
12 November 2020 | Page 14 |
Agriculture Segment 1-9/2020
Market development Global Produce, Inputs, Equipment
Global Produce
- NZ 2020 apple production above previous year (+6% y/y) - better fruit quality due to weather conditions
- Weak European apple harvest and emptied warehouses at the start of the season result in rising prices
- Apple prices in Germany 48% above the5-year average in September
In euro cent / kilo
Input Resources
- Weak demand due to regulatory framework environment and unfavourable weather conditions
- Low energy costs lead to plunge in the price of fertilisers
-
Fertiliser prices in the reporting period below previous year's period on average:
CAN (-13% y/y); urea (-9% y/y)
Agricultural Equipment
- Economic barometer slightly higher y/y
- Farmers' planned investment volume of EUR 5.0 billion slightly lower y/y
- Investment in yard and stable equipment in decline
- New registrations of tractors in Germany up 7.7% y/y from January to September 2020
95 | 2019/20 | 2020/2021 | 5-year average | |||||||||||||||
83 | ||||||||||||||||||
85 | 76 | 78 | ||||||||||||||||
71 | ||||||||||||||||||
75 | 67 | 69 | ||||||||||||||||
62 | 61 | 61 | ||||||||||||||||
65 | 60 | 59 | 59 | 56 | 56 | |||||||||||||
52 | 52 | 54 | ||||||||||||||||
49 | 48 | 49 | 48 | 49 | 49 | 50 | 51 | |||||||||||
55 | 49 | |||||||||||||||||
51 | ||||||||||||||||||
45 | ||||||||||||||||||
35 | 42 | |||||||||||||||||
Aug. 19 | Okt. 19 | Dez. 19 | Feb. 20 | Apr. 20 | Jun. 20 | Aug. 20 |
Source: EU apple dashboard
= Calcium Ammonium Nitrate (CAN), Baltic Sea Ports
= Urea, Baltic Sea Ports | Source: Agrarzeitung |
+7.7% | ||
22,304 | 24,016 | |
1-9 2019 | 1-9 2020 | Source: VDMA |
12 November 2020 | Page 15 |
Agriculture Segment 1-9/2020: Global Produce Revenues and EBIT as against the previous year
Global Produce
In EUR m | |||
+16.0% | 0.0% | ||
613.4 | 711.6 | 30.2 | 30.2 |
Revenues | EBIT | ||
1-9 2019 | 1-9 2020 | 1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +98.2 million
- EBIT: ∆ 19/20 EUR +0.0 million
- Volume- andprice-induced increase in revenues
- Germany: good start to domestic sale of apples atabove-average prices
- T&G Global:above-average harvest and strong export business mark the start of the country's apple season
- Proportionate earnings contribution through Freshmax fruit trader (consolidated as from May; around EUR 2.5 million)
- Special effect (disposal of real estate) in the previous year fully compensated by operating result
12 November 2020 | Page 16 |
Agriculture Segment 1-9/2020: Agri Trade & Service Revenues and EBIT as against the previous year
Agri Trade & Service
In EUR m
+2.0% | |
2,709.7 | 2,764.9 |
Revenues | |
1-9 2019 | 1-9 2020 |
-36.2% | |
10.5 | |
EBIT | 6.7 |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +55.2 million
- EBIT: ∆ 19/20 EUR-3.8 million
- Volume-inducedincrease in revenues
- Slight increase in collection volumes of grain; the respective trading contracts will be taken up in the months ahead and recognised in earnings
- Earnings decline from lower trading margins and less demand for operating resources
- Fertiliser prices under sustained pressure from low crude oil prices
- Crop protection: weak demand, above all for herbicides due to the dry weather
- Decline in the consumption of beer leads to slump in demand for hops
12 November 2020 | Page 17 |
Agriculture Segment 1-9/2020: Agricultural Equipment Revenues and EBIT as against the previous year
Agricultural Equipment
In EUR m
+11.1% | |
1,222.9 | 1,358.6 |
Revenues | |
1-9 2019 | 1-9 2020 |
+65.5% | |
24.0 | |
14.5 | |
EBIT | |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +135.7 million
- EBIT: ∆ 19/20 EUR +9.5 million
- Significant increase in revenues and earnings
- Business development benefits from increased demand for agricultural machinery; additional incentive to buy due to VAT reduction
- Sales of new machinery +18.4% y/y and used machinery-13.3% y/y
- Good capacity utilisation in the service business
12 November 2020 | Page 18 |
Financials Agriculture Segment 1-9/2020
Income Statement
in EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | 1-9 2020 | ∆19/20 (%) |
Revenues | 8,186.3 | 8,247.1 | 8,302.2 | 8,191.0 | 8,116.1 | -0.9% |
EBITDA | 86.1 | 93.5 | 99.9 | 128.6 | 149.0 | 15.9% |
% of Revenues | 1.1% | 1.1% | 1.2% | 1.6% | 1.8% | |
EBIT | 45.1 | 49.6 | 55.7 | 65.8 | 77.5 | 17.8% |
% of Revenues | 0.6% | 0.6% | 0.7% | 0.8% | 1.0% | |
EBT | 3.7 | 12.0 | 16.0 | 24.7 | 39.9 | 61.5% |
% of Revenues | 0.0% | 0.1% | 0.2% | 0.3% | 0.5% | |
12 November 2020 | Page 19 |
Building
Materials
Segment
Building Materials Segment 1-9/2020 Market developments
Sales in the German construction industry 1-8/2020 in % vs 20191
Building permissions in Germany Forecast 20202in 1,000
6.2% | 6.7% | +1.9% | ||||||
5.5% | 360 | 367 | ||||||
49 | ||||||||
4.2% | ||||||||
204 | ||||||||
114 | ||||||||
Construction | Commercial | Public-sector | Housing | 2019 | Private homes | Apartment | Other | 2020 |
industry overall | construction | construction | buildings | housings |
Sources: 1) Hauptverband der deutschen Bauindustrie; 2) Heinze Marktbericht, November 2020
12 November 2020 | Page 21 |
Building Materials Segment 1-9/2020
Revenues and EBIT as against the previous year
Building Materials
In EUR m
+10.6% | |
1,275.2 | 1,410.5 |
Revenues | |
1-9 2019 | 1-9 2020 |
+68.2% | |
39.2 | |
23.3 | |
EBIT | |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +135.3 million
- EBIT: ∆ 19/20 EUR +15.9 million
- Building materials business benefits from ongoing healthy construction activity; increase in sales across the entire building materials portfolio
- Higher earnings driven by increase in sales from gardening & landscaping construction (+20.7% y/y), roof (+13.7% y/y) and building construction (+10.1% y/y)
- Upbeat development ine-commerce - propensity to purchase via digital channels on the rise
- Unused vacation budgets due to the Corona pandemic are likely to have been increasingly invested in the home
12 November 2020 | Page 22 |
Financials Building Materials Segment 1-9/2020 Income Statement
In EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | 1-9 2020 | ∆19/20 (%) |
Revenues | 1,168.6 | 1,218.6 | 1,292.6 | 1,275.2 | 1,410.5 | 10.6% |
EBITDA | 30.1 | 33.2 | 34.3 | 39.6 | 60.0 | 51.5% |
% of Revenues | 2.6% | 2.7% | 2.7% | 3.1% | 4.3% | |
EBIT | 18.8 | 21.6 | 22.3 | 23.3 | 39.2 | 68.2% |
% of Revenues | 1.6% | 1.8% | 1.7% | 1.8% | 2.8% | |
EBT | 7.9 | 11.8 | 12.5 | 14.4 | 29.6 | > 100% |
% of Revenues | 0.7% | 1.0% | 1.0% | 1.1% | 2.1% | |
12 November 2020 | Page 23 |
Innovation & Digitalisation Segment 1-9/2020 Revenues and EBIT as against the previous year
Digital Farming & eBusiness
In EUR m
+15.7% | |
7.0 | 8.1 |
Revenues | |
1-9 2019 | 1-9 2020 |
+17.6% | |
EBIT | |
-10.2 | -8.4 |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR +1.1 million
- EBIT: ∆ 19/20 EUR +1.8 million
- Increase in sales from higher order intake; sale of smart farming solutions intensified
- Smart Farming: positive development in soil sampling services & hardware components; launch of the NEXT marketplace trading platform of FarmFacts GmbH
- eBusiness: increased online sales at the onset of the Corona pandemic; sales and earnings are, however, allocated to the individual segments
- Burden on earnings eased, as scheduled
12 November 2020 | Page 24 |
Other Activities 1-9/2020
In EUR m
-6.7% | |
10.4 | 9.7 |
Revenues | |
1-9 2019 | 1-9 2020 |
-98.5% | |
EBIT | |
-27.0 | -53.6 |
1-9 2019 | 1-9 2020 |
- Revenues: ∆ 19/20 EUR-0.7 million
- EBIT: ∆ 19/20 EUR-26.6 million
- EBIT consists of administrative costs and consolidation effects; decline compared withyear-earlier period caused by special effects and Corona
- Absence of bank dividends and income from investments (EUR 11.8 million), hedging transactions for currency risks (EUR 7.0 million), as well as additional costs due to the Corona pandemic (EUR 3.9 million)
- In theyear-earlier period: sale of Kartoffel-Centrum Bayern GmbH (EUR 3.9 million); AHG-Autohandelsgesellschaft mbh (EUR 3.1 million)
12 November 2020 | Page 25 |
Group Financials
12 November 2020 | Page 26 |
Group Financials 1-9/2020
Income Statement
in EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | 1-9 2020 | ∆19/20 (%) | |
Revenues | 11,439.3 | 11,980.3 | 12,196.7 | 12,473.0 | 12,197.8 | -2.2% | |
EBITDA | 177.3 | 188.1 | 127.2 | 223.9 | 264.8 | 18.3% | |
% of Revenues | 1.5% | 1.6% | 1.0% | 1.8% | 2.2% | ||
EBIT | 85.4 | 90.3 | 28.3 | 77.3 | 102.7 | 32.9% | |
% of Revenues | 0.7% | 0.8% | 0.2% | 0.6% | 0.8% | ||
EBT | 33.4 | 38.2 | -26.7 | -2.0 | 25.8 | > 100% | |
% of Revenues | 0.3% | 0.3% | -0.2% | 0.0% | 0.2% | ||
Consolidated net income | 25.0 | 28.0 | -19.0 | -1.5 | 18.3 | > 100% | |
Share of minority interest | 18.1 | 20.2 | 19.1 | 18.9 | 20.1 | 6.3% | |
as % of net income | 72.4% | 72.1% | > -100% | > -100% | > 100% | ||
Share of owners of parent company | 6.9 | 7.8 | -38.1 | -20.4 | -1.8 | 91.2% | |
as % of net income | 27.6% | 27.9% | > +100% | > +100% | -9.8% | ||
Earnings per share (EPS) in EUR1 | 0.20 | 0.22 | -1.09 | -0.58 | -0.05 | 91.4% | |
Earnings per share (EPS) in EUR2 | -0.85 | -0.33 | 61.2% | ||||
1) Earnings per share net of minority interest (prior to hybrid); 2) Earnings per share net of minority interest (after hybrid); previous year's figure corrected in accordance with IAS 8.49 a) | |||||||
12 November 2020 | Page 27 |
Group Financials 1-9/2020
Balance Sheet
In EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | FY 2019 | 1-9 2020 | ∆19/20 (%) |
Total assets | 6,608.0 | 7,045.2 | 7,618.1 | 8,947.2 | 8,867.2 | 9,413.3 | 6.2% |
Equity | 1,074.6 | 1,119.8 | 1,333.3 | 1,333.1 | 1,358.6 | 1,280.5 | -5.7% |
Equity ratio | 16.3% | 15.9% | 17.5% | 14.9% | 15.3% | 13.6% | |
Equity ratio adjusted* | 19.5% | 19.4% | 20.6% | 17.5% | 20.0% | 16.7% | |
In EUR m | 1-9 2016 | 1-9 2017 | 1-9 2018 | 1-9 2019 | FY 2019 | 1-9 2020 | ∆19/20 (%) |
Non-current assets | 2,276.2 | 2,435.8 | 2,407.7 | 3,069.5 | 3,276.6 | 3,300.9 | 0.7% |
Current assets | 4,297.0 | 4,586.3 | 5,205.0 | 5,824.4 | 5,585.9 | 6,109.6 | 9.4% |
Provisions | 897.4 | 928.4 | 999.9 | 983.2 | 1,084.4 | 1,104.0 | 1.8% |
Long-term debt (Ci**) | 1,223.6 | 1,171.9 | 1,118.4 | 1,418.3 | 1,301.1 | 1,320.2 | 1.5% |
Long-term leasing liabilities | 722.7 | 706.5 | 712.4 | 0.8% | |||
Short-term debt (Ci**) | 1,593.3 | 1,781.2 | 1,886.0 | 2,043.4 | 2,313.6 | 2,420.2 | 4.6% |
Short-term leasing liabilities | 21.9 | 68.2 | 67.7 | -0.7% | |||
* Adjusted for the reserve formed for actuarial profits and losses **Ci = Credit institute
12 November 2020 | Page 28 |
Operational Outlook for FY 2020
12 November 2020 | Page 29 |
Operational Outlook 2020
Energy Segment
- Rise in earnings in the final quarter on the back of the sale of numerous plants in Europe and in the USA
- Uptrend in sales from trading in PV components expected to continue
- Renewable Energies: Result anticipated at the highyear-earlier level.
- Potentialup-front buying effects for heat energy carriers (heating oil and wood pellets) due to CO2tax and the return to the 19% VAT rate as from 2021
- Stable development expected for lubricants and fuels
- Positive stimulus through the expansion of the new BayWa Mobility Solutions business (LNG fuel stations)
- Conventional Energy: Adjusted for the earnings contribution from TESSOL in the previous year, highyear-earlier result achieved in the business unit is likely to be exceeded.
12 November 2020 | Page 30 |
Operational Outlook 2020
Agriculture Segment
- Price volatility is likely to persist due to the uncertainty caused by the Corona pandemic and stronger demand from China
- BAST: additional opportunities through ongoing price volatility; stable development expected for speciality trading
- Agriculture: cost of restructuring theagri-business in eastern Germany compensated by other business units in the segment
- Global Produce: sale of German apple harvest atabove-average prices; greater area for cultivating apples (+4%) in New Zealand and the inclusion of Freshmax lift sales volumes; international activities also likely to benefit from Christmas business
- Low price level for operating resources and VAT increase at the start of 2021 could lead to greater stockpiling by farmers
- Agricultural Equipment: Service business likely to develop well through to the end of the year
- Result expected to be higher than in the previous year despite the Corona crisis
12 November 2020 | Page 31 |
Operational Outlook 2020
Building Materials Segment
- High order backlog of the companies in the sector, as well as ongoing construction boom suggest continued strong demand for building materials
- Positive stimulus from sustained low interest rate level and value added tax reduction
- Greater investments in the home (renovation) instead of vacation (influence of Corona)
- Optimisation of the online product mix and growing willingness of customers to purchase via digital channels likely to boost demand
- Ongoing expansion ofhigher-margin own brand product range
- Earnings contributions from project business in the final quarter (Schrobenhausen, Burgkirchen und Borna near Leipzig)
- Further increase in earnings anticipated
12 November 2020 | Page 32 |
Thank you for your attention!
United for success.
BayWa Share 2020
12 November 2020 | Page 35 |
The BayWa share 2020:
Price performance compared with the SDAX and DAX
110% | 06 November 2020: | |
performance & closing prices1 | ||
100% | BayWa | €27.20 |
-3,4% | ||
closing price | ||
90% | High on 17/02/2020 | |
SDAX: 13,066.71 |
High on 23/07/20 | SDAX | 12,311.21* |
80% | ||
BayWa: € 29.85 |
High on 19/02/2020 | -2,7% | closing price | ||
DAX: 13,789.00 | ||||
70% | ||||
DAX | 12,480.02* | |||
60% | Jun-20 | Jul-20Aug-20Sep-20Oct-20Nov-20-6,8% | closing price | |
Jan-20Feb-20Mar-20Apr-20May-20 | ||||
BayWa | SDAX | DAX | ||
* points | Source: 1) Frankfurt Stock Exchange | |||
12 November 2020 | Page 36 |
BayWa Share 2020
Shareholder structure (30/09/2020)
BayWa share profile (30/09/2020)
38.4%34.6%
27.0%
Bayerische Raiffeisen-Beteiligungs AG Raiffeisen Agrar Invest AG
Freefloat
Stock exchanges
Segment
Security code
ISIN
Share capital
Number of shares
Denomination
Securitisation
Frankfurt, Munich, Xetra
Official Market / Prime Standard
no. 519406 and 519400
DE0005194062 and DE0005194005
EUR 90,314,398.72
35,279,062
No-par value shares with an arithmetical portion of € 2.56 each in the share capital
In the form of a global certificate deposited with Clearstream Banking AG. Shareholders participate as co-owners corresponding to the number of shares held (collective custody account)
12 November 2020 | Page 37 |
Investor Relations Contact
Josko | André Pierre | Renate | |
Radeljic | Wahlen | Lorenz | |
Head of Investor Relations | Junior Investor Relations Manager | Assistant | |
T +49 | (089) 92 22 3887 | T +49 (089) 92 22 3879 | T +49 (089) 92 22 3881 |
F +49 | 162 2828671 | andrepierre.wahlen@baywa.de | renate.lorenz@baywa.de |
josko.radeljic@baywa.de
Financial Calendar 2020/21
12th | 2021 | 26th | 6th | ||
November | March | May | |||
ANALYST | ANALYST | ANALYST | |||
CONFERENCE | CONFERENCE, | CONFERENCE | Page 38 | ||
CALL Q3 | Munich | CALL Q1 | |||
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BayWa AG published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2020 08:50:03 UTC