Slide 1: Half-Year 2018 Results
HALF-YEAR 2018 RESULTS Tuesday August 7, 2018 Jean-Pierre Souchet – Chief Financial Officer Hugues Chomel – Deputy Chief Financial Officer Stéphane Bisseuil – Investor Relations Officer
Slide 2: Disclaimer
2 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 nature subject to risks and uncertainties, as described in the
Slide 3: Key points
3 Key points Growth of +9.6% in sales at constant scope and exchange rates to €1.3 billion EBITDA of €197 million (+12.3% at constant scope and exchange rates) Net income, Group share: €59 million (+59.4% at constant scope and exchange rates) Strong decline in net debt compared with 30 June 2017 In
Slide 4: Audited P&L statement
4 Audited P&L statement: Change Millions of euros H1 2018 H1 2017 Change (at constant scope (published) and exchange rates) Consolidated sales 1,281 1,248 +2.7% +9.6% EBITDA 197 188 +4.5% +12.3% EBITDA margin (%) 15.4 15.1 EBIT 104 86 +21.3% +31.1% EBIT margin (%) 8.1 6.9 Consolidated net income 62
Slide 5: Consolidated sales by geographical region
5 Consolidated sales by geographical region Contribution by region: Contribution by region: H1 2018 H1 2017 France 12% Europe 36% USA 21% Asia Africa & Middle East 15% 16% Increase in the contribution from France and Asia Decrease in the contribution of Europe
Slide 6: Group EBITDA Bridge (€M)
6 Group EBITDA Bridge (€M) 300 +43.9 250 +34.2 +10.8 200 -65.6 -14.9 150 100 188.3 211.7 196.8 50 0 EBITDA H1 Volume Price effect Variable Other EBITDA H1 Exchange EBITDA H1 2017 effects costs 2018 before rates 2018 exchange variation rates variation
Slide 7: Analysis by region: France
7 Analysis by region France Change Change Millions of euros H1 2018 H1 2017 (published) (At constant scope and exchange rates) Sales 473 444 +6.4% +6.2% EBITDA 62 52 +19.2% +19.3% EBIT 33 21 +57.3% +57.3% Sales up +6.2% and EBITDA up +19.3% In the Cement business, operational sales grew +3.5% Volume
Slide 8: Analysis by region: Europe (excl. France)
8 Analysis by region Europe (excl. France) Change Change Millions of euros H1 2018 H1 2017 (published) (At constant scope and exchange rates) Sales 184 197 -6.4% +0.1% EBITDA 35 42 -16.9% -10.8% EBIT 22 24 -11.8% -5.4% In Switzerland, sales stable (+0.1%). EBITDA down -10.7% In the Cement business,
Slide 9: Analysis by region: USA
9 Analysis by region USA Change Change Millions of euros H1 2018 H1 2017 (published) (At constant scope and exchange rates) Sales 194 192 +0.9% +12.9% EBITDA 35 24 +45.8% +63.1% EBIT 21 10 +109.6% +134.5% Sales grew +12.9%, EBITDA up +63.1% (up +13.4% excluding €10.6 million received as compensatory
Slide 10: Analysis by region: Asia
10 Analysis by region Asia Change Change Millions of euros H1 2018 H1 2017 (published) (At constant scope and exchange rates) Sales 294 264 +11.4% +29.8% EBITDA 47 48 -2.8% +14.3% EBIT 26 24 +5.9% +26.4% In Turkey, sales at €95 million, up +30.7%, EBITDA at €15 million, up +135.5% Cement business: o
Slide 11: Analysis by region: Africa & Middle East
11 Analysis by region Africa & Middle East Change Change Millions of euros H1 2018 H1 2017 (published) (At constant scope and exchange rates) Sales 136 150 -9.5% -8.0% EBITDA 18 22 -18.0% -19.3% EBIT 2 6 -58.0% -69.1% In Egypt, sales at €14.4 million, down -53.0% due to serious disruption to operati
Slide 12: Financial position
12 Financial position At 30 June 2018, the Group had a solid financial position Equity of €2,339 million compared with €2,405 million at 30 June 2017 mainly due to the negative impact of exchange rate variations. Net debt totalled €895 million, down from €1,006 million at 30 June 2017 The Group’s fi
Slide 13: Outlook
13 Outlook In 2018, the macroeconomic environment is likely to be characterised by: Brisk economic growth, mitigated by political uncertainties in certain emerging markets Appreciation in the euro against most currencies Energy prices are expected to continue heading higher US and, to a lesser exten