Vicat Sa · EURONEXT:VCT
Vicat Sa — Q1 2025 Earnings Presentation
19 slides from Vicat Sa's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025
Q1 2025 € 30 April 2025 Hugues Chomel Pierre Pedrosa Deputy CEO & Group CFO Head of Investor Relations
Slide 2: Disclaimer
Disclaimer • This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets ; • These statements are by their nature subject to risks and uncertainties as describ
Slide 3: Q1 2025 Highlights
Q1 2025 Highlights Stable Like for Like - 0.2% Organic activity in France Sales growth Despite slowdown in Public India & Africa Recovery Low Single Digit consultation in Switzerland EBITDA growth (%) underway 3 Q1 2025 TRADING UPDATE
Slide 4: Significant FX headwinds in Turkey, Egypt and Brazil
Significant FX headwinds in Turkey, Egypt and Brazil (€ million) % of Sales Q1 2025 Q1 2024 Δ Δ reported reported LFL* France 32% 281 270 +3.9% -0.1% -0.2% Europe 11% 95 92 +2.8% +6.5% Stable organic sales Americas 25% 221 222 -0.5% +0.8% Asia 11% 95 120 -20.5% -18.8% Mediterranean 12% 103 104 -1.6%
Slide 5: Q1 sales bridge: resilient organic sales, unfavorable FX effect
Q1 sales bridge: resilient organic sales, unfavorable FX effect Million, EUR 911 909 -35 33 -30 886 7 Q1 2024 Volume Price Q1 2025 (LFL*) FX Scope Q1 2025 5 *Constant scope and exchange rates Q1 2025 TRADING UPDATE
Slide 6: France
France Q1 25 Sales (EUR m) +3.9% 281 -0.1% lfl* FRANCE Slowing decline in residential market Limited contribution of Lyon-Turin with encouraging trends in Concrete & railway project Aggregates Stable cement prices Integration of Cermix, strengthening VPI construction chemicals business in France Con
Slide 7: VAIA: A major CCS project in the Rhône corridor
VAIA : A major CCS project in the Rhône corridor Montalieu cement plant Activated CCS clay Pipeline Sea Storage Capture Liquefaction transportation transportation CAPEX OPEX Capture Capacity 1.2mt CO2 p.a. 7 Assemblée Générale Q1 2025 TRADING –11 avril 2025 UPDATE
Slide 8: Europe
Europe Q1 25 Sales (EUR m) +2.8% 95 +6.5% lfl* SWITZERLAND ITALY Cement volumes up for a 2nd Growing sales in Q1 on rebounding consecutive quarter volumes and stable prices Major infrastructure projects should support 2025 business Unfavorable base effect for Vigier Rail (precast business) Reuchenet
Slide 9: Americas
Americas Ciplan cement plant, Brazil Q1 25 Sales (EUR m) -0.5 % 221 +0.8% lfl* USA BRAZIL Cement business was mixed with Rebound in volumes with stable volume decline in California offset by prices growth in the Sout-East Resilient pricing environment Competition remains stiff in Center- West region
Slide 10: A local-for-local player in USA
A local-for-local player in USA LOCAL LOCAL LOCAL PRODUCER RESSOURCES MARKETS Lebec California Tennessee Los Angeles Nashville South Carolina Alabama Georgia Ragland Atlanta cement plant railway terminal metropolis 10 *clinker or cement materials Q1 2025 TRADING UPDATE
Slide 11: Asia
Asia Q1 25 Sales (EUR m) -20.5% 95 -18.8% lfl* INDIA KAZAKSTAN Lower sales due to intensification of Price increase to pass through higher competitive environment in Southern fuel costs States and unfavorable base effect Volume growth in Maharashtra with Volumes slightly up driven by Almaty increase
Slide 12: Mediterranean
Mediterranean Q1 FY25 Sales (EUR m) 23 -1.6% 103 +22.6% lfl* TURKEY EGYPT Drop in volumes due to unfavorable Good momentum on export markets, weather conditions in February and with higher volumes and prices political context Prices increase to offset production Domestic prices also evolve costs inf
Slide 13: Africa
Africa Q1 25 Sales (EUR m) -9.9% 91 -10.1% lfl* SENEGAL MALI & MAURITANIA Resilient domestic volumes & lower Lower sales due to decrease in exports volumes and prices Deterioration in domestic prices with the arrival of a new player on the market Sharp slowdown in Aggregate volumes with delays in pu
Slide 14: Senegal: upcoming commissioning
Senegal: upcoming commissioning Substitute clinker imports with locally produced 1 clinker Improve industrial performance and cost base 2 by replacing production from kiln 3 & 4 3 Reduce CO2 emissions 2.0mt € 260M 18% CLINKER ROCE CAPACITY CAPEX TARGET COMMISSIONING IN Q2 2025 Kiln 6 Senegal, April
Slide 15: 2025 guidance confirmed
2025 guidance confirmed SALES d EBITDA CAPEX net CAPITAL ALLOCATION 15 Q1 2025 TRADING UPDATE
Slide 16: Group priorities
Group priorities 1 2 3 (1.58x at end 2024) 16 Q1 2025 TRADING UPDATE
Slide 17: Q&A
Q&A Q1 2025 TRADING UPDATE
Slide 18: Calendar & information / Contact
Calendar & information Contact www.vicat.com 4 Rue Aristide Berges Les Trois Vallons 38080 Isle-d’Abeau FRANCE Pierre Pedrosa, Head of Investor Relations relations.investisseurs@vicat.fr Tel :+33 6 73 25 98 06 18 Q1 2025 TRADING UPDATE
Slide 19: Build together, live together
a Build s together, ‘ live together