Sigmaroc Plc · LSE:SRC
Sigmaroc — H1 2021 Earnings Presentation
24 slides from Sigmaroc's earnings presentation, Aug 23, 2021
Slide 1: Results Presentation H1 2021 Results
RESULTS PRESENTATION H1 2021 RESULTS 23rd August 2021 © SigmaRoc plc – 2021
Slide 2: Presentation Agenda
PRESENTATION AGENDA David Barrett - Chairman Introduction Max Vermorken - CEO Operational Review Dean Masefield - CFO Financial Review Max Vermorken - CEO Finance Team Changes Max Vermorken - CEO Outlook Q&A
Slide 3: Introduction
INTRODUCTION David Barrett Executive Chairman
Slide 4: H1 2021 Invest, Improve, Integrate
H1 2021 INVEST, IMPROVE, INTEGRATE Continued strong delivery of the business model across the Group FINANCIALS Solid first half in fifth year of trading; delivering £84.8m sales, £15.2m Underlying EBITDA, 2.68p Underlying EPS for a leverage ratio of 1.7 times Underlying EBITDA. Underlying EBITDA mar
Slide 5: H1 2021 Operations
H1 2021 OPERATIONS Max Vermorken Chief Executive Officer
Slide 6: Trading Across H1 2021
TRADING ACROSS H1 2021 Solid performance in 1st half of 2021, despite ongoing COVID-19 impact RONEZ - CHANNEL ISLANDS Resilient trading in the first six months. A 4-week snap lockdown in late January in Guernsey was mitigated by exceptional demand in Jersey, with concrete volumes particularly strong
Slide 7: Operational Focus
OPERATIONAL FOCUS Driving operational performance HEALTH & SAFETY Successful inhouse development and implementation of our Health & Safety App – HighVizZ. H&S Climate survey undertaken to promote positive H&S engagement, canvassing opinions of all employees from MDs to shopfloor workers. Continuing
Slide 8: Initiatives Environmental Social Governance
INITIATIVES ENVIRONMENTAL SOCIAL GOVERNANCE Continued progress on our ESG initiatives GOVERNANCE Shareholder approval received for acquisition of Nordkalk in early August. Garth Palmer to be appointed as CFO upon completion of the acquisition, with Dean Masefield remaining with the Group as Deputy C
Slide 9: Invest Acquisition – B-Mix and Casters
INVEST ACQUISITION – B-MIX and CASTERS Deployment of funds raised in December 2020 B-MIX AND CASTERS ACQUIRED FOR CASH CONSIDERATION OF €13m Located in Tessenderlo and Genk in Belgium, operating 4 concrete plants, producing circa 250,000 cubic meters annually, thus one of the top 5 RMX producers in
Slide 10: Invest Acquisition – Nordkalk Oy Ab
INVEST ACQUISITION – NORDKALK OY AB Reverse Takeover and Placing ACQUISITION OF ENTIRE ISSUED CAPITAL OF NORDKALK AND PLACING In July, SigmaRoc conditionally agree to acquire Nordkalk, a wholly-owned subsidiary of Rettig Group, for a total consideration of approximately €470 million (approx. £402 mi
Slide 11: Invest About Nordkalk
INVEST ABOUT NORDKALK Leading supplier with long history, strong assets in key markets and further potential to develop ESTABLISHED OPERATIONS WITH STABLE FINANCIAL PERFORMANCE Founded in 1898. 23 mine locations in six countries, present in 10 countries overall. EUR 276 million adjusted revenu
Slide 12: H1 2021 Financials
H1 2021 FINANCIALS Dean Masefield Chief Financial Officer
Slide 13: Strong Results in H1 2021
STRONG RESULTS IN H1 2021 Strong H1 21 despite difficulties continuing from the pandemic +40% +64% +56% £15.2m £8.7m +35% £84.8m 2.68p £10.9m 1.98p £5.3m £54.5m Revenue Underlying EBITDA Underlying PBT Underlying EPS H1 2020 H1 2021 Underlying results are stated before holding company costs, acquisi
Slide 14: Income Statement for H1 2020
INCOME STATEMENT FOR H1 2020 Acquired businesses - GD Harries and B-Mix Group - contributing to the H1 2021 income statement versus H1 2020 H1 2021 H1 2020 Variance £’000 £’000 % Revenue 84,760 54,503 +55.6% Cost of sales (61,585) (39,268) +56.8% Profit from operations 23,175 15,235 +52.1% Administr
Slide 15: Key Balance Sheet Statistics for H1 2021
KEY BALANCE SHEET STATISTICS FOR H1 2021 Clear picture of investment in our businesses while maintaining a solid balance sheet +21% +24% +14% £265m +15% £147m £52.8m £220m £46.5m £19.9m £119m £17.3m Tangible assets Total Assets Net debt Cash H1 2020 H1 2021 RESULTS PRESENTATION H1 2021 SIGMAROC PLC
Slide 16: Cash Movement for H1 2021
CASH MOVEMENT FOR H1 2021 Deployment of proceeds from Dec 2020 fundraise Positive movement Negative movement *2020 deferrals mainly consist of “Covid deferrals” in GD Harries relating to deferrals made in H1 2020 prior to the completion of the acquisition by SigmaRoc. RESULTS PRESENTATION H1 2021 SI
Slide 17: Finance Team Changes
FINANCE TEAM CHANGES Max Vermorken Chief Executive Officer
Slide 18: SigmaRoc Finance Team Post Nordkalk Acquisition
SIGMAROC FINANCE TEAM POST NORDKALK ACQUISTION Garth Palmer to be appointed CFO Following completion of the acquisition, Garth Palmer will be appointed CFO, with overall responsibility for the Enlarged Group. Garth held the position of CFO and Executive Director on a part-time basis from the incepti
Slide 19: Outlook
OUTLOOK Max Vermorken Chief Executive Officer
Slide 20: SigmaRoc Outlook
SIGMAROC OUTLOOK • Strong demand across the existing Group looks set to continue for H2 2021, with margin improvement expected particularly in Poundfield and GD Harries. • Continuing focus on ESG initiatives, and the roll-out of Greenbloc across the entire PPG product portfolio is on line for the be
Slide 21: Enlarged Group Pro Forma Income Statement FY2020
ENLARGED GROUP PRO FORMA INCOME STATEMENT FY2020 Underlying Underlying Pro Nordkalk Net acquisition GBPk SigmaRoc Comments Forma 2020 adjustments 2020 Group 2020 Revenue 124,231 259,723 (7,950) Carbon credits and non-recurring income 376,003 Cost of sales (80,663) (157,595) - (238,258) Profit from o
Slide 22: SigmaRoc Carrieres du Hainaut – Permit Granted
SIGMAROC CARRIERES DU HAINAUT – PERMIT GRANTED • In early 2021, Carrieres du Hainaut submitted a permit request in respect of the following: - the extraction of limestone in an additional area of 116 hectares, - the building of a new aggregates plant, - the construction of necessary buildings for re
Slide 23: Disclaimer
DISCLAIMER The information contained in this presentation document (the “presentation”, which term includes any information provided verbally in connection with this presentation document) does not constitute an offer or solicitation to hold, sell or invest in any security and should not be consider
Slide 24: Questions & Answers
QUESTIONS & ANSWERS SigmaRoc plc Contact us: 7 - 9 Swallow Street, London, W1B 4DE +44 20 7129 7828 ir@sigmaroc.com