Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — FY2024 Earnings Presentation
17 slides from Cementir's earnings presentation, Feb 11, 2025
Slide 1: Preliminary 2024 results and 2025-2027 Industrial Plan update
Preliminary 2024 results and 2025-2027 Industrial Plan update 11 February 2025 Conference call | Rome, 11 February 2025
Slide 2: Agenda
Agenda 3 2024 Preliminary results and 2025 Guidance 3 6 2025 - 2027 Industrial Plan update 6 Appendix 14 2
Slide 3: 2024 Preliminary results and 2025 Guidance
2024 Preliminary results and 2025 Guidance Dredger at Aalborg, Denmark 3
Slide 4: 2024 Preliminary results highlights
2024 Preliminary results highlights FINANCIAL HIGHLIGHTS Revenue reached 1,686.9 M€ (-0.4% yoy); non-GAAP* Revenue reached 1,648.8 M€ (-2.7% yoy) − Cement volumes increased by 0.5% due to good trading in Türkiye, US and Egypt, which offset volume reductions in other regions − RMC volumes up by 7.0%
Slide 5: 2025 Guidance
2025 Guidance FINANCIAL HIGHLIGHTS REVENUE (€ BN) EBITDA (€ M) NET CASH (€ M) • Revenue ~ 1.75 BN€ +6% • EBITDA ~ 415 M€ +3% +120 M€ • Net cash ~ 410 M€ • Capex ~ 98 M€ Guidance refers to like-for-like ongoing operations, non-GAAP, excluding extraordinary items The above guidance excludes the negati
Slide 6: Industrial Plan update 2025-2027
2025-2027 Industrial Plan update Navitas Park, Aarhus (Denmark) 6
Slide 7: Our Strategy is aimed at creating long term value for all stakeholders
Our Strategy is aimed at creating long term value for all stakeholders 1 2 3 SUSTAINABILITY COMPETITIVENESS INNOVATION ▪ More aggressive 2030 CO2 ▪ Improve profitability and seek ▪ Focus on low carbon cements reduction targets continuous operating efficiencies and other value-added products ▪ Net ze
Slide 8: Scope 1 emissions: new 2030 decarbonization targets
Scope 1 emissions: new 2030 decarbonization targets Grey cement targets White cement targets Kg Gross CO2 /TCE * Kg Gross CO2 /TCE * -42% to 417 Kg from 718 Kg -29% to 653 Kg from 915 Kg NEW ROADMAP NEW ROADMAP GREY CEMENT WHITE CEMENT 2027 2027 Target Target 2030 Target 2030 Target OLD ROADMAP OLD
Slide 9: The ACCSION Project: CCS in Aalborg
The ACCSION Project: CCS in Aalborg ▪ ACCSION stands for Aalborg CCS using Infrastructure Onshore in North Jutland ▪ Selected to receive EUR 220 million from EU Innovation Fund ▪ Objective: Avoidance of 1.5 million tons CO2/year* ▪ Technology: Cryogenic technology (Cryocap ) enabling high-purity CO₂
Slide 10: 2025-2027 Industrial Plan update: Financials
2025-2027 Industrial Plan update: Financials REVENUE EBITDA RECURRING NET CASH EUR billion EUR million EUR million 24.5% EBITDA Margin 23.3% 2024 2027 +410 M€ CAGR +6-7% CAGR +5% Higher growth of Ebitda vs Previous Plan 10
Slide 11: Industrial Plan update: key 2027 targets
Industrial Plan update: key 2027 targets (*) 2024 A Target €M Non-GAAP 2027 ▪ ~6-7% Revenue CAGR in the 2025-27 period. Moderate increase in cement volumes, with acceleration in 2025 driven by increased capacity in Egypt and recovery in Denmark and Asia-Pacific, offset by a slight decline in Revenue
Slide 12: Comparison with previous Industrial Plan
Comparison with previous Industrial Plan ▪ Top line growth acceleration thanks to new capacity in Egypt and key markets pick-up ▪ EBITDA margin to remain at high level despite some mean reversion ▪ Continued significant cash generation and dependable growth trajectory New 2025-2027 Industrial Plan 2
Slide 13: 2025-2027 Capex highlights
2025-2027 Capex highlights INDUSTRIAL PLAN CAPEX BREAKDOWN ▪ ~ 53 M€ of sustainability investments, focused on EUR million operational and energy efficiencies, product innovation and circularity ▪ Main capex initiatives: − Facility upgrade for FUTURECEM® production in Aalborg, Denmark − Switch to na
Slide 14: Appendix
Appendix Green Belt Bridge, Denmark 14
Slide 15: Key differences between white and grey cement
Key differences between white and grey cement WHITE CEMENT GREY CEMENT ▪ ~ 20 million tons per year (0.5% of grey) ▪ > 4 billion tons per year Market Size ▪ Niche product: high value, small volumes ▪ Commodity: basic value, large volumes ▪ Raw materials scarcity, fewer producers, growth end- ▪ Raw m
Slide 16: M&A track record
M&A track record Since 2001 over EUR 1.7 billion invested with no recourse to shareholder equity (M€) 600 254 312 152 112 9 125 87 4 22 11 5 11 4 4 18 -315 2001 2004 2005 2006 2007 2008 2009 2010 2011 2012 Jul-16 Oct-16 Jan-18 Mar-18 2021 2023 2024 2001 - Cimentas AS and Cimbeton AS 2008 - Kudsk & D
Slide 17: 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