Slide 1: Wienerberger Results Q1 2021
Wienerberger Results Q1 2021
Slide 2: Disclaimer
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 reliance should be placed on the fairness, accuracy, completeness or correctne
Slide 3: Q1 2021 - Highlights
Q1 2021 - Highlights Strong Q1 results despite late start to construction season in some regions Revenues EBITDA LFL 1) € 796.5 mn € 107.2 mn (Q1 2020: € 793.3 mn | 0%) (Q1 2020: € 107.7 mn | 0%) Net result EBITDA LFL margin 1) € 27.3 mn 13.2% (Q1 2020: € -106.3 mn | >100%) (Q1 2020: 13.7% | -0.5ppt
Slide 4: Q1 performance at pre-Covid levels
Q1 2021 Q1 performance at pre-Covid levels External revenues 1-3/2021 1-3/2020 Chg. in % in € mn Successful set of results despite Wienerberger Building Solutions 478.5 500.4 -4 weather-related project delays Wienerberger Piping Solutions 240.7 220.7 9 North America 76.5 71.4 7 Wienerberger Group 79
Slide 5: Our end markets in the first quarter
Q1 2021 Our end markets in the first quarter New build Renovation Infrastructure North America › Strong recovery in March › Strong increase in › Strong demand in › Surge of US Housing renovation activity over European core markets market to nearly a 15-year › Weather conditions at all markets high i
Slide 6: Sustainable demand in new build and renovation
Wienerberger Building Solutions Sustainable demand in new build and renovation in € mn Q1 2021 Q1 2020 Chg. in % External revenues 478.5 500.4 -4 EBITDA LFL 76.8 83.9 -8 EBITDA 78.0 81.9 -5 EBITDA LFL Margin 15.8% 17.1% -1.2pt > Sustainable demand in new construction and renovation supported satisfa
Slide 7: Strong demand leading to successful set of results
Wienerberger Piping Solutions Strong demand leading to successful set of results in € mn Q1 2021 Q1 2020 Chg. in % External revenues 240.7 220.7 9 EBITDA LFL 21.2 18.7 13 EBITDA 21.2 18.7 14 EBITDA LFL Margin 8.6% 8.5% 0.2pt › Successful result due to strong demand for our innovative infrastructure
Slide 8: Record result driven by new build and infrastructure
North America Record result driven by new build and infrastructure in € mn Q1 2021 Q1 2020 Chg. in % External revenues 76.5 71.4 7 EBITDA LFL 9.2 5.1 81 EBITDA 7.2 5.5 32 EBITDA LFL Margin 11.1% 7.2% 3.9pt › Record result despite USD devaluation and local weather-related project delays › Strong resu
Slide 9: Reinforcing our strong position in the Nordics
Success story - Wienerberger Piping Solutions Reinforcing our strong position in the Nordics Solutions for energy Enhanced plants & Digitalization & water management improved network as market potential Wienerberger’s Strategy 2023 aims to position the company as a provider of comprehensive system s
Slide 10: Offering complete water management solutions
Success story - Wienerberger Piping Solutions Offering complete water management solutions > High demand for stormwater management systems such as Raineo due to climate-related increase in floods and droughts > Enhanced portfolio to meet rising demand including more XL pipes with larger diameters, b
Slide 11: Enhanced plants and improved network in the Nordics
Success story - Wienerberger Piping Solutions Enhanced plants and improved network in the Nordics > Ljung in Sweden to become largest flagship > Brand-new specialty production site in pipe plant in the Nordics by mid-2023 Vantaa, Finland > Triple production capacity to reach 75% of > New plant close
Slide 12: Digitalization as market potential
Success story - Wienerberger Piping Solutions Digitalization as market potential > Growing complexity of water management in urban areas due to larger cities and climate change > Digital solutions for monitoring and controlling to be implemented on a large-scale > First complete all-in-one solution
Slide 13: We actively contribute to Europe's climate goals
Success story - Wienerberger Piping Solutions We actively contribute to Europe’s climate goals We will be even closer to customers and strengthen our position as a local and sustainable partner. Furthermore our Strategy 2023 is fully in line with the EU Climate Adaption Strategy. New EU Climate Wien
Slide 14: Financial Highlights Q1 2021
Paupys, Vilnius, Lithuania © Norbert Tukaij Financial Highlights Q1 2021
Slide 15: Strong set of results paired with a solid balance sheet
Q1 2021 - Highlights Strong set of results paired with a solid balance sheet Revenues EBITDA LFL 1) € 796.5 mn € 107.2 mn (Q1 2020: € 793.3 mn | 0%) (Q1 2020: € 107.7 mn | 0%) Net Debt / EBITDA EBITDA LFL margin 1) 1.9x 13.2% (Q1 2020: 1.8x) (Q1 2020: 13.7% | -0.5ppt) 1) Adjusted for effects from co
Slide 16: Strong performance by focusing on our core segments
Q1 2021 – Income statement Strong performance by focusing on our core segments in € mn 1-3/2021 1-3/2020 Chg. in % Revenues 796.5 793.3 0 EBITDA LFL 107.2 107.7 0 EBITDA 106.4 106.1 0 Operating EBIT 48.8 40.5 20 Impairment charges to assets 0.0 -22.5 >100 Impairment charges to goodwill 0.0 -93.6 >10
Slide 17: Strong profitability on pre-Covid levels
Q1 2021 Strong profitability on pre-Covid levels EBITDA Development EBITDA adjustments in € mn in € mn 1-3/2021 1-3/2020 EBITDA Reported EBITDA LFL EBITDA reported 106.4 106.1 106.4 107.2 107.7 FX 2.5 - 106.1 Consolidation -0.3 0.0 Sale of assets 1) -3.1 -0.5 Structural adjustments 2) 1.7 2.1 Total
Slide 18: Strong balance sheet ratios proving resilience of our business model
Q1 2021 Strong balance sheet ratios proving resilience of our business model in € mn 31.3.2021 31.3.2020 Chg. in % 31.12.2020 ROCE 5.2% 2.7% 2.5pt 8.9% Equity 1) 1,802.6 1,892.6 -5 1,749.0 Equity ratio 42.6% 46.2% - 40.4% Net debt 1,047.6 1,072.5 -2 882.1 Net debt / EBITDA 2) 1.9 1.8 - 1.6 Gearing 5
Slide 19: Balanced maturity profile with comfortable financial headroom
Q1 2021 Balanced maturity profile with comfortable financial headroom Total financial liabilities1) Maturity profile per 31.3.2021 in € mn in € mn 1,2521) - 225 600 97 400 1,380 1,252 200 0 2) 2021 2022 2023 2024 2025 after 2025 redemption > Hybrid Bond was redeemed on 9th February 2021 from cash >
Slide 20: Our Self Help program embodies the strategic focus areas
Self help Our Self Help program embodies the strategic focus areas of our Business Units Operational Innovation & Sustainability Excellence Digitalization ESG › Operational excellence and › Transform to a full system › Roll out of existing technologies continuous improvement as provider and new tech
Slide 21: Our new Self Help program with a clear financial ambition
Self help Our new Self Help program with a clear financial ambition Growth investments Financial target 2021-2023 2023 € 60mn p.a. ESG Capex in circular economy, biodiversity and the reduction of CO2 emissions € 135mn Total Enhancement to annual EBITDA € 80mn p.a. vs. 2020 baseline Special Capex in
Slide 22: Self Help program already delivering € 8mn in Q1 2021
Self help Self Help program already delivering € 8mn in Q1 2021 New self help program already delivering EBITDA contribution from self help in € € 8mn EBITDA contribution in Q1 2021 Target for 2021 EBITDA contribution of € 40mn 32mn 40mn > Major drivers for Q1 achievement have been manufacturing and
Slide 23: We take the right measures to safeguard our margins
Focus topic - cost management We take the right measures to safeguard our margins Price increases to cover cost inflation (~2-3% on avg.) have already been successfully implemented in most of our markets in Q1 2021 Active margin management to counter strong price increases of plastic granulate in th
Slide 24: Outlook 2021
Haus am Buddenturm (c) Marc Hehn New construction single family in Frasnez-les-Buissenal Architect: Martens Van Caimere Architecten, Gent Outlook 2021
Slide 25: Overall healthy environment in our core regions
Outlook 2021 – Wienerberger estimates Overall healthy environment in our core regions Market growth (>2%) Stable development Market decline (<-2%) Western Central & Nordics North America Europe Eastern Europe New build Renovation Infrastructure 25
Slide 26: FY 2021 Guidance reconfirmed
Outlook 2021 FY 2021 Guidance reconfirmed › Market developments according to our current estimates ASSUMPTIONS › No further lockdowns assumed › Overall goal is to fully cover cost inflation in 2021 › Potential risk COSTS & PRICES › Price increase of plastic granulates › Negative earnings effect of u
Slide 27: wienerberger
wienerberger
Slide 28: Appendix – Financial update
Haus am Buddenturm (c) Marc Hehn New construction cohousing and apartment in Brugge Architect: ampe.trybou architecten, Oudenburg Appendix – Financial update
Slide 29: Gross cash flow increase shows strong operational performance and seasonal working capital build-up
Q1 2021 – Cash flow statement Gross cash flow increase shows strong operational performance and seasonal working capital build-up in € mn 1-3/2021 1-3/2020 Chg. in € mn Chg. in % Gross cash flow 84.3 74.3 10.0 14 Change in working capital -203.6 -204.1 0.5 0 Maintenance capex -21.6 -22.9 1.3 6 Dives
Slide 30: Net debt decrease despite redemption of hybrid bond and dividend payments
Q1 2021 Net debt decrease despite redemption of hybrid bond and dividend payments Net debt development in € mn -2% -29.0 450.6 -318.6 68.4 64.6 -211.1 1,072.5 1,047.6 1) 2) 3) 30 1) Includes Total investment and M&A // 2) Includes share and hybrid buybacks, dividend and coupon payments // 3) Include