Cementir Holding N.v. · MIL:CEM
Cementir — H1 2005 Earnings Presentation
11 slides from Cementir's earnings presentation, September 2005
Slide 1: First Half 2005 Financial Highlights
FIRST HALF 2005 FINANCIAL HIGHLIGHTS SEPTEMBER 2005
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER ¾ This document has been prepared by Cementir Group for information purposes only and it is not intended as an offer or solicitation of an offer to purchase or sell any financial instrument. ¾ Any forward-looking statement on Group performance has not been independently verified and
Slide 3: Financial Highlights
Cement FINANCIAL HIGHLIGHTS
Slide 4: Financials: 2005 First Half Highlights
FINANCIALS: 2005 FIRST HALF HIGHLIGHTS * DENMARK AND TURKEY PERFORMED IN LINE OR BETTER THAN BUDGETED; IN ITALY TRADING IN Q2 IMPROVED FROM Q1 Jan-June Jan-Jun (Euro 000) 2005* 2004 NET SALES 402.925 151.075 ¾Trading at Aalborg was in line with budget. Unicon (RMC) results were above RAW MATERIALS (
Slide 5: Financial Highlights: 2005 First Half Results
FINANCIAL HIGHLIGHTS : 2005 FIRST HALF RESULTS * HOLD BROADER GEOGRAPHICAL REACH ALLOWS CEMENTIR TO OFFSET EACH COUNTRY’S ECONOMIC CYCLE SALES BREAKDOWN BY DIVISION Jan- Jun Jan- Jun Q2 Q2 (Euro millions) 2005 2004 2005 2004 EUROPE 308,4 99,5 178,4 50,1 ASIA 65,9 51,6 37,1 29,6 NORTH / CENTER AMER
Slide 6: Financial Highlights: Net Debt
FINANCIAL HIGHLIGHTS: NET DEBT DE-LEVERAGE IS A PRIORITY ASSUMING STABLE RESULTS IN THE PERIOD AALBORG PORTLAND GOAL: NET DEBT / EBITDA TO ZERO BY END OF 2009 UNICON DEAL NET DEBT € 451m Net Debt /Ebitda = 2.5x 30-June-2005 NET DEBT € 329,5m Net Debt / Ebitda ~ 1.8x*** NEW DEBT € 80.6 m € 169 m NON-
Slide 7: The Cementir Group
Cement THE CEMENTIR GROUP
Slide 8: Transformation from 1996
TRANSFORMATION FROM 1996 STRATEGY: GEOGRAPHICAL AND PRODUCT DIVERSIFICATION SINCE 1996 1996 SALES BY GEOGRAPHY 2004 PRO-FORMA SALES BY GEOGRAPHY ITALY 27% ITALY 100% EMERGING MARKETS SCANDINAVIA, NORTH AMERICA (TURKEY, EGYPT, MALAYSIA, CHINA) 53% 20% 1996 SALES BY PRODUCT 2004 PRO-FORMA SALES BY PRO
Slide 9: Worldwide Presence
WORLDWIDE PRESENCE GEOGRAPHICAL DIVERSIFICATION PROVIDES EARNINGS RESILIENCE AND FASTER GROWTH DENMARK / SCANDINAVIA USA PRODUCTION CAPACITY PRODUCTION CAPACITY WHITE CEMENT: 850,000 tons WHITE CEMENT: 310,000 tons*** GREY CEMENT: 2,100,000 tons RMC SALES: 2,200,000 m3 TURKEY PRODUCTION CAPACITY GRE
Slide 10: Cementir Group Structure
CEMENTIR GROUP STRUCTURE Market Caltagirone Group 36% 64% 19% 100% 100% 78.1% 99.9% INTERCEM 97.8% 84.7% AALBORG 100% 100% UNICON 100% 100% YAPITEC CIMBETON UNICON AS SA PORTLAND AALBORG WHITE BETON Sp NORWAY 99.9% ISLANDI hf. POLAND CEMENTIR KARS 100% 99.9% DELTA S.p.A. DESTEK CIMENTO 99.9% SINAI W
Slide 11: Investor Relations
INVESTOR RELATIONS invrel@cementir.it Tel. +39 06 45412213 Fax +39 06 45412288 11