Daldrup & Söhne (4DS) Investor presentation summary

Company overview and business model

• Over 75 years of experience, listed since 2007, with 160 employees and subsidiaries in the Netherlands and Switzerland.

• Operates mainly in Germany, Switzerland, Austria, Netherlands, and Belgium.

• Specializes in geothermal explorations and offers a broad range of drilling services.

• Family holds 58.4% of shares, market cap around €50 million, with 5,989,500 shares outstanding.

• Diversified business segments: geothermal energy, raw materials, water extraction, and environmental services.

Operations and capabilities

• Provides drilling technology for depths up to 7,000 meters, with a fleet of specialized rigs.

• Covers the full geothermal value chain: feasibility, drilling, insurance, construction, and heating plant delivery.

• Offers both day rate and turnkey contracts for drilling and heating plant projects.

• No other group offers such an extensive range of drilling services in the region.

Financial performance

• 2023 revenues reached €49.1 million, up 28.6% year-over-year; EBIT margin at 5.3%.

• Group net income for 2023 was €890,000, equity ratio at 50.6%, and liquid funds at €3.6 million.

• H1 2024 revenues grew 65.1% to €25.4 million, EBIT margin improved to 10.2%.

• Order potential increased to €330 million by October 2024, indicating strong future growth.