Daldrup & Söhne (4DS) Investor presentation summary

Company overview and business model

• Over 75 years of experience, listed since 2007, with 160 employees and operations in DACH and Benelux regions.

• Specializes in drilling services, with a core focus on geothermal energy and additional activities in water extraction and raw materials.

• Covers the full value chain of geothermal projects, offering integrated services and various contract forms.

• Family holds 58.4% of shares, market cap exceeds €55 million, and order backlog is around €30 million.

Business segments and project highlights

• Geothermal energy is the dominant segment, with increasing sales share from 47% in 2020 to 53% in 2024e.

• Notable projects include €17 million geothermal drilling for MTU Aero Engines, €15 million for salt extraction in Switzerland, and €15 million for mine aftercare.

• Participates in research projects like GeoLaB and exploratory drilling for NRW's geothermal masterplan.

Technology and capacity

• Operates a diverse fleet of drilling rigs capable of medium to deep drilling up to over 6,000 meters.

• Ongoing investments in expanding drilling rig capacity and specialized personnel to meet growing demand.