Investment Highlights

• Delticom is European online market leader in the replacement tyre trade
• Private and commercial end customers are offered a wide range of products to choose from, with more than 600 brands and over 18,000 types of tyres
• With a delivery of the tyres to a partner garage located near the buyer, Delticom increases the convenience for the customer enormously
• Our 38,000 workshop partners around the world offer customers a comprehensive range of services, from tyre fitting to general inspections/services
• Since its founding in 1999, more than 15 million customers have shopped in one of the company's more than 340 online shops in around 40 countries.
• Delticom has more than 20 years of expertise in setting up and operating online shops, in Internet customer acquisition, in Internet marketing and in logistics
• Several warehouse locations in Europe shorten transport routes and ensure a high delivery capacity even at seasonal peaks
• Annual revenues potential of EUR 500+ million in core business, the online tyre retailing in Europe
• The online tyre business in the USA operates profitably and offers additional growth opportunities
• Successful turnaround process initiated in mid-2019: Clear refocus on core business
• The discontinuation of non-core activities has taken place at the beginning of 2020
• The focus of the restructuring is on a sustainable improvement in profitability
• Significant improvement in operating profit already achieved through margin optimization, efficiency gains and cost reductions
• 2020: Revenues of EUR 541.3 million, EBITDA of EUR 15.0 million and EBITDA margin of 2.8 % achieved
• Guidance 2021: Revenues between EUR 550 million and EUR 590 million, accompanied by an EBITDA between EUR 16 million and EUR 20 million
• Operating EBIT margin of 3 % targeted in the medium term
• Delticom is positioned in a growth sector: Fundamentally strong growth of the European B2C e-commerce market volume by approx. 13 % from EUR 636 billion in 2019 to EUR 717 billion in 2020, supported by the impact of Corona
• A comparatively low penetration rate of around 13 % in the European replacement tyre trade offers further growth opportunities for the future
• Increased digitization trend and growing willingness to buy online accelerates online market penetration in the replacement tyre trade as well