Slide 1: Q1 Sales - 2024
Electric dumper (World premiere in the industry) in the quarry of Vigier Cement in Switzerland Q1 SALES - 2024 Hugues Chomel Pierre Pedrosa Deputy CEO and CFO Head of Investor Relations
Slide 2: Forward-looking statements
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 in the C
Slide 3: Agenda
Agenda ▼ Q1 2024 highlights ▼ Q1 2024 regional performance ▼ Climate performance ▼ 2024 guidance ▼ Dividend LDLC Arena, using 16k m3 Vicat concrete mostly low carbon solutions 3 Q1 2024 SALES
Slide 4: Q1 2024 highlights
H1Q1 2024 2023 highlights Highlights Organic sales Strong sales FY 2024 guidance Climate in growth growth in US confirmed action + 7.9% + 22.7% Higher Sales & EBITDA Milestones on CCS* projects All regions grow with growth in both vs 2023 except France & Africa zones 4 *Carbon Capture Storage Q1 202
Slide 5: Sales growth despite slowdown in France
Sales growth despite slowdown in France (€ million) % of Sales Q1 2024 Q1 2023 Δ Δ reported reported LFL* France 30% 270 297 -8.8% -8.8% +7.9% 92 81 organic sales Europe 10% +14.2% +9.7% growth Americas 24% 222 198 +12.5% +12.4% Asia 13% 120 112 +6.8% +8.9% USA Mediterranean 12% 104 104 +0.7% +58.9%
Slide 6: Q1 2024 sales bridge
Q1 2024 sales bridge mEUR 6 Q1 2024 SALES
Slide 7: France
France TELT construction site, SATM Grand Travaux Q1 24 Sales (EUR m) -8.8% 270 -8.8% lfl* FRANCE Continued volume decline in Cement Lyon-Turin railway infrastructure and Concrete & Aggregates due to project will progressively mitigate slowdown in residential residential slowdown Cement price increa
Slide 8: Supplier of Athletes' Village - Paris 2024
Supplier of Athletes’ Village - Paris 2024 Athletes’ Village >70,000m3 concrete supplied, made with Vicat’s low carbon solutions: Low carbon Carbonegative concrete concrete 150 110 ~20 kg eq CO /m 2 3 kg eq CO2/m3 incl. CEM IV [ Clinker + Biochar ] [ Clinker + pozzolan ] -30% CO2 emissions reduction
Slide 9: Europe
Europe Q1 24 Sales (EUR m) +14.2% 92 +9.7% lfl* SWITZERLAND ITALY Cement volumes down while price increases in the beginning of the year Stable sales in Q1 contributed positively Concrete & Aggregates contributed positively thanks to pricing & favourable base effect Good performance of Vigier Rail (
Slide 10: Americas
Americas Q1 24 Sales (EUR m) +12.5 % 222 +12.4% lfl* USA BRAZIL Cement volume growth in both zones with favorable base effect in California & Slowdown in volumes normalized production at Ragland Supportive price environment Prices decrease due to intensification of competition in Center-West region
Slide 11: Asia
Asia Q1 24 Sales (EUR m) +6.8% 120 +8.9% lfl* INDIA KAZAKSTAN Strong volume growth thanks to Volume growth benefiting from dynamic demand & positive base effect dynamic demand from Almaty region & favorable base effect Slight prices erosion year-on-year due Prices down slightly over the period in to
Slide 12: Mediterranean
Mediterranean Q1 FY24 Sales (EUR m) 23 +0.7% 104 +58.9% lfl* TURKEY EGYPT Strong volume growth, in an hyperinflation environment, thanks to Slight decrease of domestic volumes Government support to construction in flat market due to calendar effect sector & positive base effect (Ramadan in Q1) Infla
Slide 13: Africa
Africa Q1 24 Sales (EUR m) -6.5% 101 -5.5% lfl* SENEGAL MALI & MAURITANIA Production will remain constrained in Cement until commissioning of new kiln Cement business in Mali severely at end 2024 limited by electricity availability Slight slowdown in volume due to calendar effect (Ramadan in Q1) in
Slide 14: Climate ambition: ultimate decarbonation action
Ultimate decarbonation action CLIMATE 2 CCS* PROJECT IN DEVELOPPEMENT AMBITION 2050 VAIA project Montalieu 1.2mt CO2 p.a. LNZ** project Lebec 0.9mt CO2 p.a. Ongoing process with EU & Selected by DoE*** for a French authorities for funding of up to $500M subsidies Tax credit of $85/t of CO2 Techn
Slide 15: 2024 outlook confirmed
2024 outlook confirmed SALES Continued sales growth EBITDA Higher than 2023 level CAPEX ~€325M CAPITAL Pursuit of deleveraging towards ALLOCATION a leverage ratio target below 1.3x by 2025 DISCIPLINE 15 Q1 2024 SALES
Slide 16: Dividend per share up 21% YoY
Shareholder return 5.5% EUR, per share €2.0 DIVIDEND YIELD* 2.0 Dividend per share 1.5 1.5 1.65 1.65 Up 21% YoY Ex-dividend date on April 29, 2024 2019 2020 2021 2022 2023 *based on a share price of €36.45 as of April 15, 2024 16 Q1 2024 SALES
Slide 17: Vicat joined the SBF index
VICAT JOINED THE SBF 120 INDEX
Slide 18: Q&A
QsA
Slide 19: Share information & contact
SHARE INFORMATION & CONTACT Contact Share Data VICAT www.vicat.com Bloomberg Ticker VCT FP 4 Rue Aristide Berges Reuters RIC VCTP.PA Les Trois Vallons 38080 Isle-d’Abeau ISIN Code FR0000031775 FRANCE Shares outstanding as of Dec. 31, 2023 44,900,000 Pierre PEDROSA, Head of Investor Relations relatio
Slide 20: Build together, live together
Build together, live together