Slide 1: 2018 consolidated nine-month sales
2018 consolidated nine-month sales Wednesday November 7, 2018 Hugues Chomel – Chief Financial Officer Stéphane Bisseuil - 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 described i
Slide 3: 2018 nine-months main points
2018 nine-months main points Growth of +7.6% in consolidated sales over the first nine months of the year on a like-for-like basis Very strong currency headwinds leading to a negative impact of -€125 million at end September All countries delivered growth on a like-for-like basis except for Egypt an
Slide 4: Geographical breakdown of sales: France
Geographical breakdown of sales France Q3 sales at €236 million, up +6.9% 9 months Cement operational sales up +3.8% Volumes rose by over +3% despite sharp fall in export sales Selling prices edged up in domestic market and more significantly in export markets Q3 operational sales up +4.5% Volume gr
Slide 5: Geographical breakdown of sales: Europe (excluding France)
Geographical breakdown of sales Europe (excluding France) Q3 sales down -8.1% (-8.3% reported basis) In Switzerland, 9 months consolidated sales down -3.4% (-7.7% reported basis) In the Cement business, operational sales declined -5.9% -10% dip in volumes Selling prices firmed up very slightly Q3 op
Slide 6: Geographical breakdown of sales: United States
Geographical breakdown of sales United-States The US maintains growth momentum in a still upbeat macroeconomic environment supportive for the construction sector Q3 sales up +7.4% 9 months Cement operational sales grew +11.9% Volumes up over +6% in the South-Eastern US through more favourable weathe
Slide 7: Geographical breakdown of sales: Asia
Geographical breakdown of sales Asia A negative €83 million exchange rate impact over the full period Q3 Asia sales up +10.7% In Turkey, 9 months consolidated sales came to €134 million, up +17.9%. Q3 sales were stable due to knock-on effects of devaluation on macroeconomic and industry environment
Slide 8: Geographical breakdown of sales: Africa and Middle-East
Geographical breakdown of sales Africa and Middle-East Q3 sales down -5.8% to €63 million In Egypt, 9 months sales at €27 million, down -39.4% Volumes down more than -50% due to March – April plant shutdown and to a lesser extent, the slowdown in Egypt’s construction market as a result of the econom
Slide 9: Financial situation: Balance Sheet
Financial situation Balance Sheet At 30 September 2018, net debt represents 37.1% of consolidated equity compared with 38.1% at 30 September 2017 Leverage ratio (net debt/EBITDA) was 1.97x at 30 September 2018 vs. 2.01x at 30 September 2017
Slide 10: Acquisition of a majority shareholding in Ciplan in Brazil
Acquisition of a majority shareholding in Ciplan in Brazil Vicat has entered into an agreement with the shareholders of Ciplan (Cimento do Planalto) to acquire a majority shareholding in the latter’s share capital This deal is structured as a reserved capital increase of €290 million, which would gi
Slide 11: Unwinding of cross-shareholdings
Unwinding of cross-shareholdings In line with the Group’s debt reduction objective, SOPARFI, one of the family holding companies of Vicat, has decided to unwind its cross- shareholding via the cancellation of 22.46% of its shares held by Vicat Group subsidiaries Upon completion of the transaction, V
Slide 12: Outlook
Outlook In 2018, the macroeconomic environment is characterised by: Brisk economic growth, mitigated by political uncertainties in certain emerging markets Sharp appreciation in the euro against most currencies Energy prices have headed higher For 2018, the Group expects an improvement in its EBITDA