Holcim Ltd · SIX:HOLN
Holcim — Merger or Acquisition (January 2024)
17 slides from Holcim's merger presentation, Jan 28, 2024
Slide 1: Holcim intends to list its North American business in the US
Holcim advanced ready-mix in NYC Freedom Tower HOLCIM INTENDS TO LIST ITS NORTH AMERICAN BUSINESS IN THE US JAN JENISCH | CHAIRMAN AND CEO STEFFEN KINDLER | CFO INVESTOR PRESENTATION, 28th JANUARY 2024
Slide 2: Successful execution of Strategy 2025
SUCCESSFUL EXECUTION OF STRATEGY 2025 SUPERIOR EARNINGS PROFILE WITH INDUSTRY-LEADING MARGINS & STRONG BALANCE SHEET Superior earnings profile and strong balance sheet → Delivering industry-leading margins Accelerated growth in most attractive markets → Above 20% annual growth rate in North America
Slide 3: US listing of Holcim's North American business
US LISTING OF HOLCIM’S NORTH AMERICAN BUSINESS CREATING THE LEADING PURE-PLAY BUILDING SOLUTIONS COMPANY Holcim plans a full capital market separation of its $11B+ net sales North American business Transaction intended to be executed as a spin-off, benefitting all shareholders Leading market positio
Slide 4: Accelerated growth strategy to become a $20B+ company by 2030
US LISTING OF HOLCIM’S NORTH AMERICAN BUSINESS ACCELERATED GROWTH STRATEGY TO BECOME A $20B+ COMPANY BY 2030 Pure-play focus on North American customers and market opportunities with deeper strategic and operational priorities Pursue US$ based, tailored capital structure and capital allocation prior
Slide 5: Proven track record of outstanding profitable growth
US LISTING OF HOLCIM’S NORTH AMERICAN BUSINESS CREATING THE LEADING PURE-PLAY BUILDING SOLUTIONS COMPANY PROVEN TRACK RECORD OF OUTSTANDING PROFITABLE GROWTH #1 #3 #5 #5 Cement player with Roofing player Aggregates Ready-mix EBIT Margin industry-leading in 3 years of entry player player 2023E profit
Slide 6: Leading North American building solutions footprint
LEADING NORTH AMERICAN BUILDING SOLUTIONS FOOTPRINT OVER 850 STATE-OF-THE-ART OPERATIONS TO SUPPORT FUTURE GROWTH LEADING FOOTPRINT WITH OVER 850 SITES STATE-OF-THE-ART OPERATIONS 31 18 Roofing plants Cement plants 148 295 Cement terminals Ready-mix plants 374 5 Aggregates plants R&D Centers Cement
Slide 7: Best positioned to capitalize on strong construction spend
BEST POSITIONED TO CAPITALIZE ON STRONG CONSTRUCTION SPEND ONCE-IN-A-GENERATION INFRASTRUCTURE INVESTMENTS SIGNIFICANT GROWTH OPPORTUNITIES ACROSS ALL BUSINESS SEGMENTS TO DRIVE $20B+ NET SALES BY 2030 Most attractive construction market Accelerated Growth driven by: $175B+ ✔ The Infrastructure Inve
Slide 8: Significant growth and cost advantages from scale
LEADING NORTH AMERICAN BUILDING SOLUTIONS FOOTPRINT SIGNIFICANT GROWTH AND COST ADVANTAGES FROM SCALE North America Net Sales Profile Key US Industry Players By end market By business segment Solutions & Products 33% Cement 35% 54% $11B+ 46% $11B+ Net sales Net sales 2023E 2023E 32% Aggregates & Rea
Slide 9: Targeting $20B+ net sales and $5B+ EBIT by 2030
PROVEN TRACK RECORD OF OUTSTANDING PROFITABLE GROWTH TARGETING $20B+ NET SALES AND $5B+ EBIT BY 2030 Net sales EBIT 9
Slide 10: Holcim post US listing of North America
HOLCIM POST US LISTING OF NORTH AMERICA LEADER IN INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS SUPERIOR FINANCIAL AND SUSTAINABILITY PERFORMANCE CHF 17B >23% >16% Net sales in 2023E EBITDA margin EBIT margin 2023E before leases 2023E CHF 2B+ 5mt CHF Free Cash Flow 2023E Construction Demolition Mate
Slide 11: Holcim post US listing of North America
HOLCIM POST US LISTING OF NORTH AMERICA LEADER IN INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS Advancing sustainable building solutions for our customers Decarbonization and circularity leadership driving profitable growth Industry-leading margins and cash generation Continued portfolio transformat
Slide 12: Net sales by region
NET SALES BY REGION WELL BALANCED FOOTPRINT WITH STRONG MARKET POSITIONS LATIN AMERICA 19% CHF EUROPE 17B 56% Net sales 25% 2023E ASIA, MIDDLE EAST & AFRICA 12
Slide 13: Leader in innovative and sustainable building solutions
LEADER IN INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS DECARBONIZATION & CIRCULARITY DRIVING PROFITABLE GROWTH Sustainable Decarbonization Circularity Building Solutions Most ambitious targets Scaling up ECOCycle Fast growing in sector recycling platforms to multi-billion brands Europe at the foref
Slide 14: Industry-leading margins and cash generation
DECARBONIZATION & CIRCULARITY LEADERSHIP DRIVING PROFITABLE GROWTH INDUSTRY-LEADING MARGINS AND CASH GENERATION Net sales EBIT Free Cash Flow 14
Slide 15: Overview of transaction
OVERVIEW OF TRANSACTION CREATING THE LEADING PURE-PLAY BUILDING SOLUTIONS COMPANY IN NORTH AMERICA ● Prepare full capital market separation of $11B+ net sales North American business ● Transaction intended to be executed as a spin-off, final structure to be communicated in H2 2024 Next steps ● Capit
Slide 16: Disclaimer
DISCLAIMER By accessing this presentation (and the information contained herein), you agree to be bound by and liable for breach of the following terms and conditions: The presentation (and the information contained herein) is provided to you by Holcim Ltd (“Holcim”) and/or any of its subsidiaries o
Slide 17: Holcim
HOLCIM