Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — Q1 2022 Earnings Presentation
11 slides from Cementir's earnings presentation, May 12, 2022
Slide 1: Cementir Holding N.V. 2022 First Quarter results
Cementir Holding N.V. 2022 First Quarter results May 5th, 2022 Conference call | 5 May 2022
Slide 2: 2022 First Quarter results highlights
2022 First Quarter results highlights • Revenues reached 362.3 M€ (+20.6% yoy) driven by price increases and low single digit volume growth − Cement volumes up by 1.8% with positive trend in Belgium, Denmark and US − RMC volumes stable and aggregates up by 5.4% • EBITDA reached 60.7 M€ (+26.2% yoy)
Slide 3: Nordic & Baltic
Nordic & Baltic • Denmark 39% − Domestic cement volumes up 20% due to increased market activity 48% and new infrastructural projects, with avg. prices up − White cement exports down 19% due to lower exports to the US reflecting a group reorganization of distribution network − RMC volumes down 3% due
Slide 4: Belgium and France
Belgium and France (*) 18% 26% Share of Share of Group Revenue Group Ebitda Q1 2022 Q1 2022 • Belgium • France − Cement volumes increased by 5%, with positive performance in Belgium and The Netherlands, stable in France and negative in Germany − Average prices up − RMC: 18% volume growth thanks majo
Slide 5: North America
North America 11% 11% Share of Share of Group Revenue Group Ebitda Q1 2022 Q1 2022 • United States − +3.5% cement volume growth driven by Texas and California while York region and Florida impacted by bad weather and logistical EUR '000 Q1 2022 Q1 2021 Chg % problems. Avg. prices up Revenue 44,620 3
Slide 6: Asia Pacific
Asia Pacific 7% 6% • China − Revenue up by 23% driven by cement prices increases while Share of Share of volumes were down by 3% Group Revenue Group Ebitda Q1 2022 Q1 2022 − EBITDA up by 17% thanks to higher prices, exchange rate impact, higher government grants for technological innovation and empl
Slide 7: Turkey
Turkey 10% 3% Share of Share of Group Revenue Group Ebitda Q1 2022 Q1 2022 • Turkey (*) − Cement sales increased by 108% in local FX driven by price increases; domestic cement volumes down by 9% while exports were up by 4% − Volumes were impacted by bad weather and sharp contraction in Eastern Anato
Slide 8: Egypt
Egypt 3% 4% Share of Share of Group Revenue Group Ebitda Q1 2022 Q1 2022 • Egypt − Domestic and export cement volumes declined also due to inventory buildup by Egyptian customers in December 2021 EUR '000 Q1 2022 Q1 2021 Chg % − Prices up Revenue 14,316 12,872 11.2% − EBITDA decreased by 17% due to
Slide 9: 2022 Full Year Guidance - unchanged
2022 Full Year Guidance - unchanged • Revenues > 1.5 BN€ • EBITDA ~ 305 - 315M€ • Net cash ~ 60 M€ • Capex ~ 95 M€ Guidance refers to like-for-like ongoing operations These expectations do not take into account any possible intensification of the Ukraine crisis and any resurgence of the Covid-19 pan
Slide 10: Consolidated Income Statement
Consolidated Income Statement (EUR million) Q1 2022 Q1 2021 Chg % REVENUE FROM SALES AND SERVICES 362.3 300.5 20.6% Change in inventories 16.2 (1.2) n.m. Increase for internal work and other income 15.3 5.4 185.5% TOTAL OPERATING REVENUE 393.8 304.6 29.3% Raw materials costs (182.8) (123.7) 47.7% Pe
Slide 11: Disclaimer and Other information
Disclaimer and Other information •This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the Investor Relations: “Company”) for the sole purpose described herein. In no case may it or any other statement (oral or otherwise) made at any time in connection here