Holcim Ltd · SIX:HOLN
Holcim — Lafarge — Investor Presentation (April 2014)
11 slides from Holcim's investor presentation, April 2014
Slide 1: Application of IFRS 11 on Joint Arrangements
© Médiathèque Lafarge - Ignus Gerber Application of IFRS 11 on Joint Arrangements Pro-forma Historical Information (Unaudited) April 2014 Skytrain station - Dubaï, UAE
Slide 2: Disclaimer
Disclaimer In the context of the new accounting standard on joint arrangements (IFRS 11) applicable as at January 1, 2014, Lafarge releases 2013 restated quarterly historical information (“unaudited pro-forma historical information”) that will be used as a comparison base in 2014, from the first qua
Slide 3: Income Statement
Income Statement Post IFRS 11 2013 €m Q1 Q2 Q3 Q4 12 Months SALES 2,675 3,559 3,700 3,157 13,091 EBITDA 342 825 920 707 2,794 Depreciation (214) (214) (210) (219) (857) Current Operating Income 128 611 710 488 1,937 Other income (expenses) 4 (59) (17) 68 (4) Net financial costs (243) (245) (263) (23
Slide 4: Statement of Financial position
Statement of Financial position Post IFRS 11 January 1, March 31, June 30, September December January 1, March 31, June 30, September December €m €m 2013 2013 2013 30, 2013 31, 2013 2013 2013 2013 30, 2013 31, 2013 Capital Employed 27,717 29,618 28,554 27,825 27,073 Equity 17,534 17,573 16,636 16,44
Slide 5: Cash Flow
Cash Flow Post IFRS 11 2013 €m Q1 Q2 Q3 Q4 12 Months Cash flow from operations 31 388 577 165 1,161 Change in working capital (248) (170) (44) 406 (56) Sustaining capex (48) (67) (83) (153) (351) Free cash flow (265) 151 450 418 754 Development investments (1) (225) (146) (141) (118) (630) Divestmen
Slide 6: Group Sales by Region
Group Sales by Region Post IFRS 11 Group Sales 2013 €m Q1 Q2 Q3 Q4 12 Months North America 435 794 1,088 747 3,064 Western Europe 479 622 571 536 2,208 Central and Eastern Europe 148 340 399 258 1,145 Middle East and Africa 838 962 917 915 3,632 Latin America 218 238 221 192 869 Asia 557 603 504 509
Slide 7: Group EBITDA and COI by Region
Group EBITDA and COI by Region Group EBITDA 2013 €m Q1 Q2 Q3 Q4 12 Months North America (13) 139 286 140 552 Western Europe 7 112 76 69 264 Central and Eastern Europe (35) 80 106 50 201 Middle East and Africa 217 270 278 267 1,032 Latin America 51 71 63 55 240 Asia 115 153 111 126 505 TOTAL 342 825
Slide 8: Volumes, Sales and EBITDA by Product Line
Volumes, Sales and EBITDA by Product Line 2013 Volumes Q1 Q2 Q3 Q4 12 Months Cement volumes (MT) 23.9 30.6 31.2 28.7 114.4 Pure aggregates volumes ( MT) 26.4 44.3 52.5 41.8 165.0 Ready-mix concrete (Mm3) 5.8 7.2 7.2 6.5 26.7 Sales before eliminations (€m) Cement 1,986 2,531 2,532 2,207 9,256 Aggrega
Slide 9: Appendix - Other Income (Expenses)
Appendix - Other Income (Expenses) 2013 €m Q1 Q2 Q3 Q4 12 Months Net gains (losses) on disposals 45 1 45 200 291 Impairment of assets (12) (10) (28) (60) (110) Restructuring (17) (40) (23) (51) (131) Others (12) (10) (11) (21) (54) Total 4 (59) (17) 68 (4) 9
Slide 10: Appendix - Finance Costs
Appendix - Finance Costs 2013 €m Q1 Q2 Q3 Q4 12 Months Financial charges on net debt (189) (197) (192) (201) (779) Foreign exchange (15) (15) (33) 12 (51) Others (39) (33) (38) (44) (154) Total (243) (245) (263) (233) (984) 10
Slide 11: Appendix - Investments and Divestments
Appendix - Investments and Divestments 2013 €m Q1 Q2 Q3 Q4 12 Months Sustaining capital expenditures (48) (67) (83) (153) (351) Development capital expenditures (217) (135) (127) (115) (594) Acquisitions (1) (8) (11) (14) (3) (36) Capital expenditures (273) (213) (224) (271) (981) Divestments (2) 11