Wienerberger Ag · VIE:WIE
Wienerberger — Q1 2025 Earnings Presentation
32 slides from Wienerberger's earnings presentation, May 20, 2025
Slide 1: Update Q1 2025
UPDATE Q1 2025 MAY 20, 2025 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
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: Letter from the CEO – Q1 2025
LETTER FROM THE CEO – Q1 2025 Dear Shareholders The first quarter of 2025 has once again shown that wienerberger is well-positioned to navigate uncertainty and deliver value in a volatile environment. In the face of ongoing geopolitical tensions, persistent trade disruptions, and elevated long term
Slide 4: Letter from the CEO – Staying focused, delivering value
LETTER FROM THE CEO – Q1 2025 Staying focused – delivering value Looking ahead, we remain committed to driving operational excellence, accelerating innovation, and expanding our value-added solutions. The underlying demand for modern infrastructure, in particular in the fields of water and energy su
Slide 5: Q1 Results on Point
Q1 2025 - HIGHLIGHTS Q1 RESULTS ON POINT Revenue Operating EBITDA € 1.1 bn € 130 mn (Q1 2024: € 1.0 bn) (Q1 2024: € 115 mn) Q1 results in line with our +15% +13% expectations 5
Slide 6: Market Developments in the First Quarter
Q1 2025 - HIGHLIGHTS MARKET DEVELOPMENTS IN THE FIRST QUARTER MACRO ENVIRONMENT › Overall challenging economic backdrop › Interest rates are gradually declining, but long-term interest rates still at high levels › Limited direct impact from US trade tariffs, but weighing on sentiment and affordabili
Slide 7: Wienerberger Continuously Works on Future Growth
STRENGTHENING OUR MARKET POSITION WIENERBERGER CONTINUOUSLY WORKS ON FUTURE GROWTH HIGH INNOVATION CONTINUED RATE OPERATIONAL EFFICIENCY TARGET 2026: AND IMPROVED INCREASE >35% CAPACITY SYSTEM SOLUTIONS UTILISATION Particularly in the piping and roofing divisions 7
Slide 8: Pursuing Organic Growth Through Innovation
STRENGTHENING OUR MARKET POSITION PURSUING ORGANIC GROWTH THROUGH INNOVATION Technology Focus › IoT-based systems enabling real-time monitoring & predictive maintenance Platform for Growth › Positioned to meet rising demand for efficient, data-driven infrastructure Merged capabilities of Purpose-Dri
Slide 9: Financials Q1 2025
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Slide 10: Results Highlights
FINANCIALS Q1 2025 - GROUP RESULTS HIGHLIGHTS Revenue Operating EBITDA € 1,099 mn € 130 mn (Q1 2024: € 953 mn | +15%) (Q1 2024 : € 115 mn | +13%) Operating EBITDA margin Cost savings 11.8% € 13 mn (Q1 2024: 12.1% | –30bps) (Q1 2024 : € 26 mn) 10
Slide 11: Volume Increase of +5% Driven by Ceramics in Europe
FINANCIALS Q1 2025 - GROUP VOLUME INCREASE OF +5% DRIVEN BY CERAMICS IN EUROPE Ceramics +7% Ceramics +12% Ceramics –7% Pipes +2% Pipes +2% Pipes +8% Europe West +5% Europe East +8% EUROPE +6% NORTH AMERICA –3% OVERALL INCREASE: +5% Note: Rounding differences may arise from automatic processing of da
Slide 12: Revenue Increase of +15% Supported by Terreal
FINANCIALS Q1 2025 - GROUP REVENUE INCREASE OF +15% SUPPORTED BY TERREAL Revenue Bridge in € mn COMMENTS +15% 101 1,099 › Organic growth supported by volume recovery in key markets and stable price development across most 41 6 regions 952 › Strong volume growth in Ceramics Europe and roofing, suppor
Slide 13: Efficiency Gains and Cost Management Savings Contribute to Results Improvement
FINANCIALS Q1 2025 - GROUP EFFICIENCY GAINS AND COST MANAGEMENT SAVINGS CONTRIBUTE TO RESULTS IMPROVEMENT Operating EBITDA Bridge in € mn +13% COMMENTS 12 130 2 1 115 › Organic growth reflects volume recovery, partly offset by slightly higher-than-expected cost inflation › Savings from Self-help pro
Slide 14: Overview Operating Segments
FINANCIALS Q1 2025 – SEGMENTS OVERVIEW OPERATING SEGMENTS Operating EBITDA in € mn External Revenues Operating EBITDA margin Q1 2025 Q1 2024 Chg. in % Q1 2025 Q1 2024 Chg. in % Q1 2025 Q1 2024 Europe West 649 529 +23 69 47 +48 10.7% 8.8% Europe East 271 246 +10 33 27 +24 12.2% 10.8% North America 17
Slide 15: Balance Sheet KPIs
FINANCIALS Q1 2025 - GROUP BALANCE SHEET KPIS Working Capital Working Capital / Net Debt / COMMENTS (in € mn) Revenues (in %)* operating EBITDA* 1,382 1,292 33.5 2.7 2.6 27.9 2.3 › Working capital higher vs. FY 24, 1,042 23.1 reflecting typical business seasonality › Lower than Q1 24, supported by i
Slide 16: Most Recent Share Buyback Finalized
FINANCIALS Q1 2025 - GROUP MOST RECENT SHARE BUYBACK FINALIZED Consistent focus on enhancing shareholder return €~ 30 mn share buyback Dividend payout Share buyback successfully completed 213 (30 Dec – 7 Feb 2025) 100 103 95 95 86 2% (in € mn) 33 26 20 of share capital cancelled 0 (March 2025) 2020
Slide 17: Ongoing Business 2025
ONGOING BUSINESS 2025 17
Slide 18: Assumptions for 2025
ONGOING BUSINESS 2025 ASSUMPTIONS FOR 2025 Overall stable Interest Ukraine Tariffs end markets rate cuts Positive sentiment not As expected by No rebound built-in for Limited direct impact, yet materializing markets potential Ukraine peace but weighing on deal and governmental sentiment and initiati
Slide 19: Wienerberger's Action Plan for 2025
ONGOING BUSINESS 2025 WIENERBERGER’S ACTION PLAN FOR 2025 Increased revenues from Depreciation system innovations € 380 mn (2024: 33%) (2024: € 362 mn) Growth CAPEX Maintenance CAPEX € 150 mn € 140 mn (2024: € 177 mn) (2024: € 135 mn) Expanding Operating EBITDA Margin to 17.5 % (2024: 16.8%) 19
Slide 20: Guidance 2025
ONGOING BUSINESS 2025 GUIDANCE 2025 Outlook assumptions are based on › overall stable end market developments €~ 800 mn throughout 2025 estimated 2025 › further interest rate cuts in line with current operating EBITDA market expectations 20
Slide 21: Contact Details
CONTACT DETAILS investor@wienerberger.com | +43 1 60192 10221 | www.wienerberger.com | ISIN: AT0000831706 | ADR ISIN: US9676621074 Follow us on LinkedIn! Upcoming Events 2025 Date Event Get the latest news and May 21, 2025 European Conference in New York / Berenberg insights on our results, our May
Slide 22: Appendix
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Slide 23: Income Statement
APPENDIX INCOME STATEMENT in € mn Q1 2025 Q1 2024 Revenues 1,099 953 Operating EBITDA 130 115 EBITDA 129 105 EBIT 40 29 Financial result -25 -63 Profit before tax 15 -34 Income taxes -10 -2 Profit/loss after tax 5 -36 thereof attributable to non-controlling interests 0.6 1 Net result 4.5 -37 Note: R
Slide 24: Balance Sheet
APPENDIX BALANCE SHEET in €mn 3/31/2025 3/31/2024 in €mn 3/31/2025 3/31/2024 Assets Equity and liabilities Intangible assets and goodwill 1,112 1,122 Issued capital 109 112 Property, plant and equipment 2,894 2,923 Share premium 984 1,044 Investment property 58 56 Retained earnings 1,912 1,905 Inves
Slide 25: Cash Flow Statement
APPENDIX CASH FLOW STATEMENT in € mn Q1 2025 Q1 2024 Gross cash flow 95 65 Change in working capital -239 -190 Maintenance Capex -15 -24 Divestments and other 3 16 Lease payments -19 -18 Free cash flow -176 -151 Special Capex -17 -29 M&A -16 -595 Purchase of treasury shares -29 - Dividend -2 - Net c
Slide 26: Mid-Term Strategy
MID-TERM STRATEGY 26
Slide 27: Clear Capital Allocation Policy
CAPITAL ALLOCATION POLICY CLEAR CAPITAL ALLOCATION POLICY M&A Dividend Share Buyback Maintenance depending on Policy Policy capex opportunities Repurchase and € 160–180 mn Growth capex cancellation of 1–2% of the incl. ESG3) p.a.2) share capital annually 20–40% of free cash flow to be returned to sh
Slide 28: Pursuing Organic Growth
STRENGTHENING OUR MARKET POSITION PURSUING ORGANIC GROWTH HIGH CONTINUED INNOVATION OPERATIONAL RATE EFFICIENCY AND TARGET 2026: INCREASE IMPROVED CAPACITY >35% UTILISATION SYSTEM SOLUTIONS Particularly in the piping and roofing divisions 28
Slide 29: Strong Growth by M&A
STRONG GROWTH BY M&A Strong TRACK RECORD of transactions Successful INTEGRATION and COST SYNERGY Substantial and delivery VALUE ENHANCING pipeline of potential M&A transactions 29
Slide 30: Rebound of End Markets
REBOUND OF END MARKETS › Important spare capacity to meet increasing demand › More efficient and cost-effective industrial base in all regions › Strong portfolio of systems/products for renovation, infrastructure and new residential housing END MARKET DEVELOPMENT | AVG. 2021 = BASELINE 110 100 90 In
Slide 31: Wienerberger Geared Towards Growth
WIENERBERGER GEARED TOWARDS GROWTH Mid-term target of € >1.2 bn Operating EBITDA Depending on underlying market demand in the different end markets 31
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