Rhi Magnesita Nv · LSE:RHIM
Rhi Magnesita Nv — Investor Presentation (November 2024)
24 slides from Rhi Magnesita Nv's investor presentation, November 2024
Slide 1: The driving force of the refractory industry
The driving force of the refractory industry Company presentation
Slide 2: The global leader in refractories
The global leader in refractories 20,000 There for you, wherever you need us Employees € 3.6bn 2023 revenue + 1,700 Active patents € 83m Investment in R&D and Technical Marketing 67 production sites 8 recycling +100 countries 5 R&D hubs and (incl. raw material sites) facilities shipped to worldwide
Slide 3: Refractories: the building blocks of modern life
Refractories: 1 tonne of STEEL demands ~10-15 kg the building blocks of refractories of modern life 1 tonne of CEMENT demands ~1 kg Concrete Copper Steel Glass Aluminium of refractories 1,500°C 1,350°C 1,760°C 1,650°C 1,250°C 1 tonne of GLASS demands ~4 kg of refractories 1 tonne of ALUMINIUM demand
Slide 4: The refractory world of RHI Magnesita
The refractory world of RHI Magnesita Our value chain: from raw material to refractory product
Slide 5: Covering a wide area of applications
Covering a wide area of applications Refractories as Applications investment goods ▪ Longer replacement cycles ▪ Customised solutions based on the specific requirements of various industrial production processes Rotary Kiln Copper-converter ▪ Complete lining concepts including refractory engineering
Slide 6: A complex range of tailored refractory products and solutions
A complex range of tailored refractory products and solutions Tile system - Bricks Didotherm Fix 1 Permanent lining 2 Non-basic, ex. Alumina 3 Basic, ex. Mag-Carbon Monolothics Digital & pre cast Solutions 4 Mixes 5 Pre Castables Functional Systems & products Machinery 6 Slide Gates 7 Nozzles 8 Purg
Slide 7: The industries we serve
The industries we serve Cement & Environmental Lime Non-Ferrous Chemical & Iron & Steel Metals Petrochemical Waste to Glass Chimney Energy
Slide 8: Financial highlights 2023
Financial highlights 2023 Revenue Adjusted EBITA Adjusted EBITA Adjusted operating Adjusted EPS margin cash flow €5. 6bn €409m Mt. 4% €413m €4.98 BP 3% t™% BY (20)bps ® 166% BD 34% M&A Adjusted Dividend declared Working Capital Net debt to Pro forma ROIC EBITDA contribution intensity! Adjusted EBITD
Slide 9: Our strategic priorities
Our strategic priorities Competitiveness | Reduce operating costs Cost-saving initiatives include reducing SG&A, plant footprint optimisation, automation and digitalisation, supply chain management and selected capital expenditure projects to reduce raw material and conversion costs. Markets | Drive
Slide 10: Decarbonisation pathway
Decarbonisation pathway Our commitment: ▪ Leading the industry by decarbonising our operations as fast as sustainably possible. ▪ Invest in the development of new technologies to avoid CO2 emissions. ▪ Offer our customers enabling technologies with full carbon footprint transparency. ▪ Work with ind
Slide 11: Our 2025 Sustainability targets
Our 2025 Sustainability targets Diversity CO2 emissions Increase women on our Board and in Reduce by 15% per tonne1 of product senior leadership to 33% Energy Safety Reduce by 5% per tonne of product Strong safety culture with goal of zero accidents Recycling NOx and SOx emissions Increase use of se
Slide 12: Technological leadership
Technological leadership 5 R&D Hubs & Centers (Austria, Brazil, USA, China, India) +1,700 Active patents 2.2% Annual R&D and Technical Marketing expenditure as % of revenue 20% Revenue from new products1 as % of total revenue 1) Defined as products and brands less than 5 years old
Slide 13: Refractories are critical to all high-temperature industrial processes
Refractories are critical to all high-temperature industrial processes Refractories are critical consumable or investment goods for high-temperature manufacturing processes Main end markets 7% 8% €20 billion worldwide industry 10% Steel Energy, chemicals Fireproof materials 60% 15% Nonferrous metals
Slide 14: Refractories are continuously consumed during finished goods production
Refractories are continuously consumed during finished goods production Key industries Applications Replacement Costs Refractory characteristics Basic oxygen-, electric arc 20 minutes to Steel furnace casting ladies 2 months ~3.0% Consumable product Systems and solutions for complete refractory mana
Slide 15: RHI Magnesita's global raw material sites
RHI Magnesita‘s global raw material sites Supporting unique solutions to the market Annual Raw material Production sites production Brumado (Brazil) Standard DBM1 Eskisehir (Turkey) ~590k tonnes 90%-97% Hochfilzen (Austria) Breitenau (Austria) 1.3 million tonnes of raw materials High purity DBM1 Bru
Slide 16: Refractory margin
Refractory margin Strategic initiatives will drive further growth in refractory and backward integration margins RHI standalone RHI Magnesita Consistent margin resilience, minimum 11% since merger 13.9% 14.0% Vertical integration margin declined to 1.7ppts due to low raw material prices and fixed co
Slide 17: We serve a blue-chip client base
We serve a blue-chip client base Steel Cement Glass Metals Serving 1,070 Serving 1,350 Serving 800 Serving 650 of 1,300 plants1 of 1,500 plants1 of 900 plants1 of 2,000 plants1 Note: 1) Approximate number of plants worldwide, excluding China, based on Company estimates
Slide 18: Executive Management Team
Executive Management Team EMT member Appointed Background Stefan Borgas ▪ Former CEO of Israel Chemicals Ltd and Lonza Group 2016 Chief Executive Officer ▪ Several management positions at BASF ▪ Former Finance Director of Anglo American Platinum Ian Botha 2019 ▪ Several management positions at Anglo
Slide 19: Full suite products complemented by knowledge and services
Full suite products complemented by knowledge and services Example: Steel customer Iron Ore Technology Flow Solutions Control Coal Injection Natural Direct Electric Arc Furnace Steel refining Continuous Gas Reduction facility Casting Coal Scrap Basic Oxygen Furnace Online thickness measurement Coke
Slide 20: Our strategic difference
Our strategic difference Largest Full suite of global footprint products & services Benefiting from scale and proximity to Delivering more than refractory materials customers to address customers’ needs Backward integration Low-cost operator Technical and financial advantage Underpinning profitable
Slide 21: Resilient business model with a clear strategy
Resilient business model with a clear strategy 1 2 3 4 Resilient margins with further Strong cash conversion and Strong competitive position Growth opportunity from new potential in refractories robust balance sheet markets, solutions offering and Market leader with a global M&A Stable refractory ma
Slide 22: Our Culture: Critical to future growth
Our Culture Critical to future growth
Slide 23: Disclaimer
Disclaimer The consolidated financial statements presented here are consistent with the criteria of international accounting standards – IFRS issued by the International Accounting Standards Board – IASB, based on audited financial information. Non-financial information contained herein, as well as
Slide 24: Get in Touch
Get in Touch RHI Magnesita Kranichberggasse 6 1120 Vienna Austria +43 50213 6200 | corporate.communications@rhimagnesita.com rhimagnesita.com Important notice: These materials do not constitute or form part, or all, of any offer of invitation to sell or issue, or any solicitation of any offer to pur
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