Cementir Holding N.v. · MIL:CEM
Cementir — 9M 2020 Earnings Presentation
12 slides from Cementir's earnings presentation, Nov 9, 2020
Slide 1: Cementir Holding N.V. 2020 Nine Months results
Cementir Holding N.V. 2020 Nine Months results November 9th, 2020 Conference call | Rome, 9 November 2020
Slide 2: 2020 First Nine months results highlights
2020 First Nine months results highlights • Revenues declined by 1% to 896.8 M€: mainly due to Covid19 impact in Q2 − Cement volumes sold were up by 11.3% thanks to a 44% increase in Turkey • EBITDA declined by 2.1% to 178.1 M€ including a 5.6 M€ one-off impact from settlement of previous transactio
Slide 3: How we dealing with Covid-19 pandemic
How we dealing with Covid-19 pandemic Following the Covid-19 outbreak, the following actions have been undertaken: ➢ Priority assigned to health and safety (social distancing, turnover, smart working) ➢ Focus on cash preservation, with particular focus on: ― Trade Receivables ― Inventory levels ― Ca
Slide 4: Nordic & Baltic
Nordic & Baltic • Denmark − Domestic cement volumes up by 6% due to increased market activity and favourable weather conditions 42% − White cement exports slightly down (-2%) due to timing differences in US shipments and lower volumes to UK offset by higher deliveries to 62% Poland, Germany and Finl
Slide 5: Belgium and France
Belgium and France (1) 23% 19% • Belgium Share of Share of • France Group Revenue Group Ebitda 9M 2020 9M 2020 − Grey cement and clinker volumes were down by 5% (modest decrease in Belgium, -4% in France and -15% in The Netherlands) − After a 30% decline in March and April due to lockdown, a stabili
Slide 6: North America
North America 9% 12% Share of Share of • United States Group Revenue Group Ebitda 9M 2020 9M 2020 − White cement sales volumes were slightly down from 2019 (-1%) with most contraction being in April and May, due to Covid-19 and some delays in relevant projects − Lower sales in Texas, Pennsylvania an
Slide 7: Asia Pacific
Asia Pacific 9% 7% • China − White cement and clinker sales volumes declined by 5.5% due to plant shutdown between January 24th and February 21st, rains and flooding and strong local competition. − EBITDA up by 16% thanks to higher sales prices and lower fuel and electricity costs despite lower volu
Slide 8: Turkey
Turkey (2) -3% 10% Share of Share of Group Revenue Group Ebitda • Turkey 9M 2020 9M 2020 − Grey cement volumes increased by around 44%, with domestic sales volumes up 27% driven by infrastructural projects near Elazig and new projects in Trakya and Kars also supported by subsidized rate loans. Expor
Slide 9: Egypt
Egypt 4% 3% Share of Share of Group Revenue Group Ebitda 9M 2020 9M 2020 • Egypt − White cement domestic volumes declined by 2.5% due to lockdown measures and logistic limitations. Significant recovery from June to August EUR '000 9M 2020 9M 2019 Chg % − White export volumes increased by 11% Revenue
Slide 10: Consolidated Income Statement
Consolidated Income Statement Jan-Sept Jan-Sept (EUR million) Chg % 2020 2019 REVENUE FROM SALES AND SERVICES 896.8 906.1 (1.0%) Change in inventories (9.0) 0.3 n.m. Other revenue 10.6 11.9 (11.4%) TOTAL OPERATING REVENUE 898.4 918.4 (2.2%) Raw materials costs (341.4) (346.6) (1.5%) Personnel costs
Slide 11: 2020 Full Year Guidance – better cash generation
2020 Full Year Guidance – better cash generation • Revenues ~ Eur 1,2 BN • EBITDA ~ Eur 230-240 M • NFP ~ Eur 160 M (from previous 180 M) • Capex ~ Eur 60 M This forward-looking indication does not include new outbreaks of the Covid-19 pandemic in the coming months. The foregoing exclusively reflect
Slide 12: Disclaimer and Other information
Disclaimer and Other information •This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the Investor Relations: “Company”) for the sole purpose described herein. In no case may it or any other statement (oral or otherwise) made at any time in connection here