Rhi Magnesita Nv · LSE:RHIM
Rhi Magnesita Nv — Shareholder Meeting (June 2020)
10 slides from Rhi Magnesita Nv's shareholder meeting presentation, Jun 18, 2020
Slide 1: RHI Magnesita AGM 18 June 2020
8 RHI MAGNESITA 18 June 2020
Slide 2: 2019 financial highlights
8 RHI MAGNESITA 2019 financial highlights Resilient performance in difficult markets Revenue Adjusted EBITA Adjusted EBITA margin Adjusted EPS €2.9bn wsx €408mw sx 14.0% «@ orp: €5.574 5% per share Operating FCF? Working capital intensity Net debt to adjusted EBITDA Available liquidity* €359m 18.5%
Slide 3: Safety
Safety Continuous improvement in Lost Time Injury Frequency Rate (LTIF) 3.9 201i 12 AGM 2020] June 2020 8 RHI MAGNESITA Key focus areas identified to further improve and reach our goal of zero-accidents @ Increased focus on safety at customer sites — Safety Review completed — reporting updated — Rol
Slide 4: 2019 operational highlights
8 RHI MAGNESITA 2019 operational highlights Resilient performance in difficult markets * Continued improvement of refractory margins @ Industrial division: continues to perform strongly — revenues up 3.6% at constant currency, gross margin up to 27.7% * Steel division: weak end markets and customer
Slide 5: COVID-19 response
8 RHI MAGNESITA COVID-19 response @ Fast moving and uncertain position — Focus on health and safety of our employees and customers * Global and regional Corona Task Forces in place to manage the situation — Focus on production and supply chain to ensure customer deliveries * Production footprint — C
Slide 6: Strengthening balance sheet & capital allocation
8 RHI MAGNESITA Strengthening balance sheet & capital allocation Net debt (€m as at 31 December) 2.6x i ee a eee 1.2x 808 56 650 Li y] | At merger 2017 2018 2019 HB Net debt —e— Net debt to EBITDA EBITDA {i IFRS 16 Leases AGM 2020] June 2020 @ Leverage of 1.2x net debt EBITDA within target range of
Slide 7: Margin progression
Margin progression ZS RHI MAGNESITA Refractory margin continued to improve; contribution from Backward Integration reduced in H2 % RHI standalone : RHI Magnesita 6 i HI H2 FY 14 : 13.9% 14.0% 2019 20192019 Refractory 2 EBITA (Em) en eiccad Backward 10 integrated 88 57 145 : EBITA (€m) 8 Backward int
Slide 8: Near-term strategic focus
3 RHI MAGNESITA Near-term strategic focus Execute cost red uction @ Production Optimisation Plan launched in November fully on track — Hagen closure in H1 2020 —Trieben downsizing in H2 2020 — Radenthein automation and modernization project on plan, with civil works planned to start in H2 2020 ®@ Wo
Slide 9: Our 2025 Sustainability targets
Our 2025 Sustainability targets n ° Significant further opportunity to develop customer solutions to minimise energy consumption and CO, emissions Reduce by 15% per tonne by 2025! Energy Reduce by 5% per tonne 2025 NOx and SOx emissions t Reduce by 30%?, starting with China by 2021 B nd Recycling In
Slide 10: Disclaimer
8 RHI MAGNESITA Disclaimer Financial information contained herein, as well as other operational information, were not audited by independent auditors and may include forward-looking statements and reflects the current views and perspectives of the management on the evolution of macro-economic enviro