H+h International A/s · OMXCOP:HH
H+h International A/s — Danske Bank, London (September 2017)
17 slides from H+h International A/s's conference presentation, Sep 12, 2017
Slide 1: Update on the UK
Update on the UK Danske Bank, London 12 September 2017
Slide 2: Revenue and EBITDA allocation 2016
Update on the UK 12 September 2017 2 Revenue and EBITDA allocation 2016 5% 7% 9% 5% UK UK 6% Germany 10% Germany 47% Poland Poland 16% Russia 11% Russia Denmark 67% Denmark Other Other 17%
Slide 3: Borough Green factory upgrade
Update on the UK 12 September 2017 3 Borough Green factory upgrade • The Borough Green factory upgrade is running to schedule. • We are planning the upgrade to be completed in the first half of 2018. • Special items of approximately DKK 25 million cost are expected to be incurred in • The increased
Slide 4: Introduction
Update on the UK 12 September 2017 4 Introduction • Calum Forsyth, MD H+H UK Ltd. • Joined H+H May 2016 • Former positions • CEO IAC Acoustics Ltd • Managing Director South West Europe – Wavin Group • Managing Director UK & Ireland - Wavin Plastics Ltd
Slide 5: Historical building levels and government support
Update on the UK 12 September 2017 5 Historical building levels and government support Historical building levels Help to Buy • Allocated amount until 2021 GBP 12 billion • Committed as of August 2017: GBP 4.6 billion
Slide 6: NHBC starts (UK)
Update on the UK 12 September 2017 6 NHBC starts (UK)
Slide 7: NHBC under construction (UK)
Update on the UK 12 September 2017 7 NHBC under construction (UK)
Slide 8: Mortgage approvals (UK)
Update on the UK 12 September 2017 8 Mortgage approvals (UK)
Slide 9: Average house prices
Update on the UK 12 September 2017 9 Average house prices
Slide 10: Forterra, 2017 first half results, 1 August 2017
Update on the UK 12 September 2017 10 Forterra, 2017 first half results, 1 August 2017 H1 Full year outlook • Organic growth of 11% • Current levels of activity from our • Construction products 3.7% organic growth housebuilder customers and our order book • Building materials 3.2% organic growth gro
Slide 11: Barratt trading update 12 July 2017
Update on the UK 12 September 2017 11 Barrat trading update 12 July 2017 The UK’s largest housebuilder with total Outlook completions including joint ventures (‘JVs’) at • In FY18 we expect to deliver modest 17,395 (2016: 17,319), the highest level of growth in wholly owned completions year on compl
Slide 12: Barratt re-confirming the positive fundamental drivers
Update on the UK 12 September 2017 12 Barrat re-confirming the positive fundamental drivers 6 September
Slide 13: Persimmon trading update 5 July 2017
Update on the UK 12 September 2017 13 Persimmons trading update 5 July 2017 The Group has strong momentum moving into In addition, sales through the second half of the second half of the year, with total forward 2017 will be supported by opening a further c. sales value at 30 June 2017 of £1.60bn, 1
Slide 14: Travis Perkins, lead indicators, 2 August 2017
Update on the UK 12 September 2017 14 Travis Perkins, lead indicators, 2 August 2017
Slide 15: Brexit – what is next?
Update on the UK 12 September 2017 15 Brexit – what is next? • Ongoing negotiations • Labor force issue on building sites • Movement of financial institutions • Consumer sentiment
Slide 16: Conclusions
Update on the UK 12 September 2017 16 Conclusions The fundamental drivers are still in place • Structural undersupply of houses • Government support • Availability of financing Customers and competitors are still confident on the future But Brexit gives uncertainty
Slide 17: Q&A
Update on the UK 12 September 2017 17 Q&A
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