H+H International A/S · OMXCOP:HH

H+H International A/S — Merger or Acquisition (October 2014)

7 slides from H+H International A/S's merger presentation, Oct 9, 2014

  1. Slide 1: H+H acquires GRUPA Ozarow's aircrete activities in Poland

    H+H acquires GRUPA Ozarow’s aircrete activities in Poland 9 October 2014 build with ease

  2. Slide 2: H+H acquires GRUPA Ozarow's aircrete activities in Poland

    H+H acquires GRUPA Ozarow’s aircrete activities in Poland  H+H Polska Sp. z o.o buys Grupa Prefabet S.A.  Purchase price DKK 108 million  Payment schedule agreed • 2014 • 2016 • 2017  Financed by existing credit facilities, sale of assets over the coming years and improved cash flow generation 2

  3. Slide 3: The Polish aircrete market

    The Polish aircrete market  Poland is the largest aircrete market in Europe followed by Turkey, Romania, Germany and the UK  Accounts for more than 20% of H+H’s volumes  Activity levels have dropped significantly in recent years • Market of around 4 million m3 annually • Production capacity of ar

  4. Slide 4: Grupa Prefabet S.A.

    Grupa Prefabet S.A.  One of the main aircrete producers in Poland with 5 plants  Revenue in 2013 of DKK 133 million  EBIT slightly negative  No. of employees approx. 325 4.

  5. Slide 5: Polish aircrete market

    Polish aircrete market  The largest players in Russia Lithuania Poland are Solbet, CRH (Reda) Xella, H+H and Ozarow (CRH). CRH (Niegocin/ Wilkasy) Oslawa (Studzienice) Belarus  Solbet, H+H and Ozarow all have five Xella (Rurka)1 factories each, while Solbet (Solec Kujawski) Lidzbark Xella has six.

  6. Slide 6: Outlook 2015 and financing

    Outlook 2015 and financing  Positive impact on EBITDA in 2015 approx. DKK 10 million, excluding special items  Ambition to reach EBIT margin above 6% for the Polish activities over the next four years  Additional investments of DKK 15-20 million expected to be required for restructuring purpose 

  7. Slide 7: Strengthening the capital base

    Strengthening the capital base  Intention of increasing the share capital up to 9.99%  Technical adjustment will be carried out to amend the nominal value of each share  Authorisation to issue new shares, supported by the six largest shareholders 7.

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