Vicat Sa · EURONEXT:VCT
Vicat Sa — 9M 2020 Earnings Presentation
21 slides from Vicat Sa's earnings presentation, Nov 4, 2020
Slide 1: 2020 Nine-months sales
W EDNESDAY 4 NOVEMBER 2020 2020 Nine-months sales Hugues Chomel Chief Financial Officer Stéphane Bisseuil Investor Relations Officer 1
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: Agenda
Agenda Highlights 9-months 2020 Sales Analysis by geographical region Profitability and financial position 2020 outlook Lorem ipsum dolor sit amet 3 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 4: 9-months 2020 highlights
9-months 2020 highlights Strong operating performance Solid financial structure Sales at €2,066 million +12% increase (lfl) in EBITDA Net debt at €1,265 million at €403 million gearing at 53.1% leverage at 2.27x Savings plan, tight cost control and WCR management Strengthening of balance in line wit
Slide 5: 9-months 2020 Sales
Highlights 9-months 2020 Sales Analysis by geographical region Profitability and financial position 2020 outlook Lorem ipsum dolor sit amet 5 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 6: Consolidated sales
Consolidated sales Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) France 713 750 -5.0% -5.8% Europe (excluding France) 317 294 +7.8% +2.5% Americas 471 442 +6.7% +12.9% Asia 245 286 -14.4% -9.2% Mediterranean 122 126 -3.0% +9.2% Africa 1
Slide 7: Analysis by geographical region
Highlights 9-months 2020 Sales Analysis by geographical region Profitability and financial position 2020 outlook Lorem ipsum dolor sit amet 7 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 8: France
France Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 713 750 -5.0% -5.8% Gradual improvement of the situation – Solid business growth in June continued into Q3 (+7.7% at constant scope) Cement: operational sales up +2.2% – Jun
Slide 9: Europe (excluding France)
Europe (excluding France) Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 317 294 +7.8% +2.5% SWITZERLAND ITALY No major impact on sector conditions Operational sales down -16.2% arising from the pandemic – Business shutdown for
Slide 10: Americas
Americas Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 471 442 +6.7% +12.9% UNITED STATES Concrete Sales up +4.2%: favorable – Operational sales stable +0.2% • Price hikes in California and in the S-E macroeconomic and sector
Slide 11: Asia
Asia Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 245 286 -14.4% -9.2% INDIA KAZAKHSTAN Major impact from the pandemic Sales at €51 million, up +1.2% – Gradual pick up in activity levels – Volumes higher throughout the period
Slide 12: Mediterranean
Mediterranean Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 122 126 -3.0% +9.2% TURKEY EGYPT Sales at €89 million, up +10.4% Sales at €33 million, up +5.2% (+2.3% in Q3) – Recovery in the construction market remained – Effects
Slide 13: Africa
Africa Change Change (€ million) Nine-months 2020 Nine-months 2019 (reported) (at constant scope and exchange rates) Sales 198 161 +22.8% +23.1% The Group benefited from: – Favourable sector environment despite pandemic – Operational improvements at the Rufisque plant – Supportive pricing environm
Slide 14: Profitability and financial position
Highlights 9-months 2020 Sales Analysis by geographical region Profitability and financial position 2020 outlook Lorem ipsum dolor sit amet 14 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 15: Trends in operational profitability
Trends in operational profitability As an exception to its usual practices, the Group has decided to publish the EBITDA and EBIT it generated in the first 9 months of 2020 EBITDA of €403 million, up +11.7% EBIT of €201 million, up +20.5% Continuing improvement in operating margins across the America
Slide 16: Strong deleveraging
Strong deleveraging Net debt of €1,265 million versus €1,407 million at 30 September 2019 Consolidated equity of €2,381 million Gearing of 53.1% versus 54.9% at 30 September 2019 Leverage of 2.27x versus 2.88x at 30 September 2019 16 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 17: Strengthening in liquidity
Strengthening in liquidity Renewal of a 200 million Swiss francs syndicated loan Signature of a 50 million euros bilateral line of credit Both facilities have a 5-year maturity Confirmed unused financing lines of €493 million 17 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 18: 2020 outlook
Highlights 9-months 2020 Sales Analysis by geographical region Profitability and financial position 2020 outlook Lorem ipsum dolor sit amet 18 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 19: 2020 outlook
2020 outlook Subject to any developments in the public health situation in the regions where it is active and weather conditions at the end of the year, the Group now anticipates marked growth in its EBITDA at constant scope and exchange rates over the full year taking into account: • The recovery
Slide 20: Questions
Questions Lorem ipsum dolor sit amet 20 2020 NINE-MONTHS SALES – NOVEMBER 4
Slide 21: 2020 N INE - MONTHS SALES – N OVEMBER 4
21 2020 NINE-MONTHS SALES – NOVEMBER 4