Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — Q1 2025 Earnings Presentation
13 slides from Cementir's earnings presentation, May 8, 2025
Slide 1: 2025 First Quarter Results
2025 First Quarter Results Conference Call Presentation ROME, 8 MAY 2025
Slide 2: Key takeaways
Key takeaways First Quarter 2025 Results are in line with management expectations Revenue modestly up despite the cement volumes decline and the depreciation of the Turkish and Egyptian currencies against the Euro Significant improvement in EBITDA in the Nordic & Baltic region and Malaysia, offset b
Slide 3: 2025 First quarter results highlights
2025 First quarter results highlights Revenue reached 368.1 M€ (-0.1% yoy); non-GAAP* Revenue Financial Highlights reached 370.5 M€ (+0.9% yoy) • Higher revenue in Nordic & Baltic, Türkiye and Malaysia, FX headwinds in Türkiye and Egypt • RMC volumes up by 2.1% driven by the positive performance of
Slide 4: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group Ebitda DENMARK • Grey domestic cement volumes were in line with Q1 2024, slight reduction in white cement. Still weak residential sector, 47% partly balanced by infrastructure projects. Exports increased (33) by 3% due to higher deliveries to Norway and
Slide 5: Belgium and France
Belgium and France * Asset overview Share of Group Ebitda BELGIUM AND FRANCE • Domestic cement volumes decreased by 8% due to weak demand; exports declined more sharply due to the 28% slowdown in construction activity in Northern France • RMC volumes were up 8% with more marked growth in Belgium tha
Slide 6: Türkiye
Türkiye Asset overview Share of Group Ebitda TÜRKIYE • From April 2022 Türkiye is considered “hyperinflationary”. Reported figures are non-GAAP i.e. exclude the 11% application of IAS 29 and revaluation of non-industrial (x4) property (x6) • Domestic cement volumes decreased by 5% mainly due to slow
Slide 7: North America
North America Asset overview Share of Group Ebitda UNITED STATES • White cement volume were down 7%, with a more 6% significant decline in Texas, which suffered from snowfall and frost in January and February. In York region and Florida moderate reduction due to bad weather while in California sales
Slide 8: Asia Pacific
Asia Pacific Asset overview Share of Group Ebitda CHINA • Revenue decreased by 5% due to lower selling prices in a context of stagnant demand, high inventory levels and 4% delayed effects from government stimulus measures • Volumes were in line with previous year • EBITDA impacted by lower sales pri
Slide 9: Egypt
Egypt Asset overview Share of Group Ebitda EGYPT • Revenue declined by 7.5% mainly due to the 38% depreciation of the Egyptian pound, despite a 27.7% 3% increase in local currency revenue • White cement volumes increased by 3% thanks to exports which more than offset the decline in the domestic volu
Slide 10: 2025 Guidance - Confirmed
2025 Guidance - Confirmed REVENUE (€ BN) EBITDA (€ M) NET CASH (€ M) Revenue ~ 1.75 BN€ +6% 1.65 1.75 +3% +120 M€ EBITDA ~ 415 M€ 404 415 410 290 Net cash ~ 410 M€ 2024 2025 2024 2025 2024 2025 Capex ~ 98 M€ Actual Guidance Actual Guidance Actual Guidance Guidance refers to like-for-like ongoing ope
Slide 11: Appendix
02 Appendix GREEN BELT BRIDGE, DENMARK
Slide 12: Appendix – Consolidated Income Statement
Appendix – Consolidated Income Statement Q1 2025 Q1 2024 (EUR million) Q1 2025 Q1 2024 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 368.1 368.3 (0.1%) 370.5 367.1 0.9% Change in inventories (2.2) 4.6 (148.5%) (1.3) 5.2 (125.8%) Increase for internal work and other income 2.5 1
Slide 13: 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 “Company”) for the sole purpose described herein. In no case may it or any other Investor Relations: statement (oral or otherwise) made at any time in connection herew