Wienerberger AG · VIE:WIE
Wienerberger — Q1 2014 Earnings Presentation
13 slides from Wienerberger's earnings presentation, May 9, 2014
Slide 1: Investor and Analyst Presentation Financial Results Q1 2014
Investor and Analyst Presentation Financial Results Q1 2014 May 9, 2014 Disclaimer Cautionary note regarding forward-looking statements The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no relian
Slide 2: Highlights Q1 2014
Highlights Q1 2014 Mild weather in Europe translates into strong volume growth compared to weak Q1 2013 Significant growth of Group revenues and earnings CBM Western Europe records most significant earnings increase Pipelife: Growth in core markets burdened by decline of international projec
Slide 3: Income Statement Q1 2014
Income Statement Q1 2014 in € mn 1-3/2013 1-3/2014 Chg. in % Revenues 491.9 584.6 +19 Operating EBITDA 1) 2.1 28.1 >100 Operating EBITDA margin 0.4% 4.8% - Depreciation -50.9 -48.6 -5 Operating EBIT 1) -48.8 -20.5 +58 Financial results -19.0 -18.2 +4 thereof Net interest result -11.7 -13.9 -19 there
Slide 4: EBITDA Change by Segment Q1 2014 vs. Q1 2013
EBITDA1) Change by Segment Q1 2014 vs. Q1 2013 35 +4.4 30 +5.8 28.1 -1.9 -1.2 25 -1.2 +20.3 20 in € mn 15 10 5 2.1 0 EBITDA CBM CBM P&P P&P North Holding & EBITDA Q1 2013 WE EE WE EE America Others Q1 2014 1) Adjusted for non-recurring income and expenses CBM … Clay Building Materials | P&P … Pipes
Slide 5: Development of Net Debt in Q1 2014
Development of Net Debt in Q1 2014 800 +155.7 733.1 700 600 +27.2 538.9 +29.3 500 -18.0 in € mn 400 300 200 100 0 31/12/2013 Gross Cash Flow Hybrid Coupon / Total Investments Working Capital & 31/3/2014 Dividends * Others * Including dividends paid to shareholders and other changes in non-controllin
Slide 6: Strong Liquidity and Balanced Term Structure
Strong Liquidity and Balanced Term Structure Cash 31/3/2014: € 314.7 mn Term structure: 600 500 400 in € mn 300 Hybrid 200 100 00 2014 2015 2016 2017 2018 2019 2020+ WB Maturities Cash Balance Targets: Maintain financial discipline Balanced repayment profile Note: Term structure of gross deb
Slide 7: Clay Building Materials Western Europe
Clay Building Materials Western Europe Results 1-3/2014 Share of Group Ext. CBM Western Europe (in € mn) 1-3/2013 1-3/2014 Chg. in % Revs. 1-3/2014 External revenues 195.6 258.0 +32 Operating EBITDA 1) 0.3 20.6 >100 44% Operating EBITDA margin 0.2% 8.0% - Operating EBIT 1) -22.1 -0.7 +97 1) Adjusted
Slide 8: Pipes & Pavers Western Europe
Pipes & Pavers Western Europe Results 1-3/2014 Share of Group Ext. P&P Western Europe (in € mn) 1-3/2013 1-3/2014 Chg. in % Revs. 1-3/2014 External revenues 132.8 130.7 -2 Operating EBITDA 1) 11.6 10.4 -11 Operating EBITDA margin 8.8% 8.0% - 22% Operating EBIT 1) 5.1 4.1 -19 1) Adjusted for non-recu
Slide 9: North America
North America Results 1-3/2014 Share of Group Ext. North America (in € mn) 1-3/2013 1-3/2014 Chg. in % Revs. 1-3/2014 8% External revenues 46.8 45.1 -4 Operating EBITDA 1) 0.3 -1.6 <-100 Operating EBITDA margin 0.7% -3.5% - Operating EBIT 1) -5.4 -6.9 -28 1) Adjusted for non-recurring income and exp
Slide 10: Stabilization to Slight Growth of Housing Starts in Europe
Stabilization to Slight Growth of Housing Starts in Europe | Growth in the USA WB management forecast : SFH starts 2014 Mountain Region Midwest +10% -9% Mid-Atlantic +5% +2% -1% -1% 0% SFH +15% 0% -14% -3% -2% +2% +5% Southeast -4% Source: Management expectation (SFH starts) +2% Market growth (>2%)
Slide 11: Clay Building Materials Europe: Outlook 2014
Clay Building Materials Europe: Outlook 2014 Moderate volume growth expected in 2014 Price increases should cover cost inflation - Expectation: Price increases ~ 1.5% | Cost inflation ~ 2.0% - Q1 price increases in Eastern Europe need to be confirmed in Q2 to reliably assess the pricing environm
Slide 12: Pipes & Pavers Europe: Outlook 2014
Pipes & Pavers Europe: Outlook 2014 Pipelife - Stable development of European core markets - 2013 record result in project business is unlikely to be matched in 2014 - Slight earnings decline possible Steinzeug-Keramo - Slight revenue growth - Significant earnings growth as non-recurring costs d
Slide 13: Thank you for your attention!
Thank you for your attention! Wienerberger Investor Relations Wienerberger AG, A-1100 Vienna, Wienerbergstrasse 11 T +43 1 60192 - 10221, F +43 1 60192 - 10425 investor@wienerberger.com | www.wienerberger.com 25 13