Daldrup & Söhne (4DS) Investor presentation summary

Business overview and market position

• Operates as a drilling service provider with nearly 80 years of experience, focusing on geothermal energy, EDS (infrastructure, special drilling, services), raw materials exploration, and water extraction.

• Family-owned in its third generation, with 58.4% family ownership and 41.6% free float; employs around 150 people.

• Regional focus on DACH and Benelux countries, with a unique, broad drilling spectrum unmatched by competitors.

• 2024 total output was €54.6 million, with €20.7 million in H1 2025.

• Long-term growth potential, especially in geothermal and EDS segments.

Core competencies and project capabilities

• Deep expertise in drilling technology, covering shallow, medium, and deep geothermal projects up to 6,000m.

• Market leader in deep geothermal drilling, serving mainly municipalities and utilities.

• Provides environmental services such as site remediation, gas extraction wells, and groundwater monitoring.

• Water extraction and raw material exploration are key business origins, with clients in public and industrial sectors.

• Only provider covering such a wide range of drilling services.

Financial performance and profitability

• H1 2025 total output decreased to €20.7 million due to timing of large projects, but EBIT margin improved to 12.8%.

• Liquidity increased to €7.7 million as of June 2025, with a strong equity ratio of 68.8%.

• Record order backlog of €140 million as of August 2025, up 351.6% year-over-year.

• Relevant market volume reached €325 million by August 2025.

• 2025 guidance confirmed: ~€52 million total output, EBIT margin between 10% and 12%.