Amrize Ltd · NYSE:AMRZ
Amrize — Q1 2021 Earnings Presentation
24 slides from Amrize's earnings presentation, Apr 23, 2021
Slide 1: Q1 2021 Trading Update
22 Bishopsgate, skyscraper - London Q1 2021 JAN JENISCH CEO TRADING UPDATE GÉRALDINE PICAUD CFO April 23, 2021 © LafargeHolcim Ltd 2015
Slide 2: Highlights and Key Developments
Yuhang Opera - Hangzhou, China 01 HIGHLIGHTS AND KEY DEVELOPMENTS Jan Jenisch, Chief Executive Officer © LafargeHolcim Ltd 2015
Slide 3: Record Start to the Year
Q1 2021 KEY DEVELOPMENTS RECORD START TO THE YEAR Growth momentum continues, Net Sales up 7.4% LFL Record quarter with increase of EBIT by 131% LFL, significant margin increase in all regions Successful closing of Firestone Building Products acquisition as of March 31st, 2021 Strengthening leadershi
Slide 4: Growth Momentum Continues, Over-Proportional EBIT Increase
Q1 2021 PERFORMANCE GROWTH MOMENTUM CONTINUES, OVER-PROPORTIONAL EBIT INCREASE Recurring Net Sales EBIT +131% +14.1% +7.4% +10.0% +1.5% -3.3% -2.6% -2.6% -17.0% -26.1% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 % LFL 4
Slide 5: Acquisition of Firestone Building Products
ACQUISITION OF FIRESTONE BUILDING PRODUCTS SUCCESSFULLY CLOSED ON MARCH 31ST, 2021 Successful closing of Firestone Building Products acquisition A milestone in the transformation of LafargeHolcim to become the global leader in innovative and sustainable building solutions New Global Business Unit So
Slide 6: 4 Bolt-On Acquisitions Completed in Q1
BOLT-ON ACQUISITIONS 4 BOLT-ON ACQUISITIONS COMPLETED IN Q1 24 RMX plants / 1 AGG Quarry France / Lyon Closed on April 1 Xtree France Participation in large scale 3D printing Closed on March 17 Buhler Switzerland AGG Closed on Feb 19 Edile Commerciale Italy / Milan RMX Closed on Feb 1 6
Slide 7: Strengthening Leadership in Sustainability
STRENGTHENING LEADERSHIP IN SUSTAINABILITY RECOGNIZED BEST IN THE INDUSTRY BY VIGEO LafargeHolcim achieves LafargeHolcim combines Highest rating of A1+ Solar LafargeHolcim recognized by sustainability and innovation Top 2% ranking worldwide Impulse Foundation’s leadership for more impact efficient s
Slide 8: Global Roll Out of ECOPact Accelerating
STRENGTHENING LEADERSHIP IN SUSTAINABILITY GLOBAL ROLL OUT OF ECOPACT ACCELERATING THE GREEN CONCRETE WORLDWIDE Picture Placeholder North America Europe Middle East Africa Latin America Asia Pacific 2020 2020 2021 2020 2021 US | CANADA SWITZERLAND | EGYPT | UAE | COLOMBIA | MEXICO | INDIA | GERMANY
Slide 9: Q1 2021 Financial Highlights
Architect: Agence Center AUMfor Pierre Computing Minassian and Data / Photo: Sciences ©Studio - Boston, Erick Saillet USA 02 Q1 2021 FINANCIAL HIGHLIGHTS Géraldine Picaud, Chief Financial Officer © LafargeHolcim Ltd 2015
Slide 10: Growth Momentum Continues, Cement Volumes Up 6%
Q1 2021 VOLUMES BY REGION GROWTH MOMENTUM CONTINUES, CEMENT VOLUMES UP 6% -4% GROUP LFL vs 2020 -11% -2% M ton +6% -4% +8% M m3 -5% 9.1 24.4 4.5 +1% CEM AGG RMX 3.4 14.3 1.9 Europe +20% CEM AGG RMX +2% North America +11% 47.3 48.5 10.1 +3% -6% CEM 1 AGG RMX -7% -16% 18.9 7.6 2.0 8.6 0.9 0.6 CEM AGG
Slide 11: Net Sales Growth of 7.4% LFL
Q1 2021 NET SALES BRIDGE NET SALES GROWTH OF 7.4% LFL +7.4% vs 2019 LFL < LFL +4.4% 5’293 +20 +391 -342 5’362 Q1 2020 Scope LFL FX Q1 2021 +1.3% CHF M 11
Slide 12: Over-Proportional Recurring EBIT Growth of 131% LFL
Q1 2021 RECURRING EBIT BRIDGE OVER-PROPORTIONAL RECURRING EBIT GROWTH OF 131% LFL +131% vs 2019 LFL < LFL +115% +10 -14 -79 528 +220 +125 262 +3 Q1 2020 Scope Volume Price over cost JVs contribution Depreciation FX Q1 2021 +102% CHF M 12
Slide 13: Significant Margin Increase in All Regions
Q1 2021 REGIONAL PERFORMANCE SIGNIFICANT MARGIN INCREASE IN ALL REGIONS +3.5% +17% -6.5% +3,6% +31.4% +5.1% +85.7% +68.9% +48.1% +102.3% +27.7% 913 615 223 1’643 56 562 87 1’508 303 -53 North America Latin America Europe Middle East Africa Asia Pacific +1.7pp +8.1pp +1.7pp +3.8pp +7.3pp % LFL NET SA
Slide 14: North America: Good Momentum
NORTH AMERICA GOOD MOMENTUM H1 2020 Q1 2021 Q1 2020 CHF M Net Sales1 913 1’019 -6.5% LFL +10.0% LFL Recurring EBIT -53 -76 +27.7% LFL +31.5% LFL 1 Net Sales to external customers → Strong market demand in the US → Volume back to 2019 level despite unfavorable weather at the start of the year → Stabi
Slide 15: Latin America: Outstanding Performance Continued
LATIN AMERICA OUTSTANDING PERFORMANCE CONTINUED H1 2020 Q1 2021 Q1 2020 CHF M Net Sales1 615 565 +31.4% LFL -0.5% LFL Recurring EBIT 223 159 +68.9% LFL -2.7% LFL 1 Net Sales to external customers → Strong cement demand growth in the region, driven by residential and infrastructure → Volume growth ac
Slide 16: Europe: Good Momentum, Strong Increase in Margin
EUROPE GOOD MOMENTUM, STRONG INCREASE IN MARGIN H1 2020 Q1 2021 Q1 2020 CHF M Net Sales1 1’643 1’569 +3.5% LFL -3.9% LFL Recurring EBIT 56 27 +102.3% LFL +9.3% LFL 1 Net Sales to external customers → Excellent month of March with strong volumes in all business segments → Strong pricing trends overal
Slide 17: Middle East Africa: Strong Recurring EBIT Margin Improvement
MIDDLE EAST AFRICA STRONG RECURRING EBIT MARGIN IMPROVEMENT H1 2020 Q1 2021 Q1 2020 CHF M Net Sales1 562 650 +5.1% LFL -7.2% LFL Recurring EBIT 2 87 74 +48.1% LFL +3.3% LFL 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 17 m in 2021 vs. CHF 14 m in 2020 → Bac
Slide 18: Asia Pacific: Record Performance
ASIA PACIFIC RECORD PERFORMANCE H1 2020 Q1 2021 Q1 2020 CHF M Net Sales1 1’508 1’327 +17.0% LFL -9.2% LFL Recurring EBIT 2 303 169 +85.7% LFL -20.7% LFL 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 44 m in 2021 (of which CHF 34 m from Huaxin) vs. CHF 32 m i
Slide 19: Outlook and Guidance 2021
Architect: Agence AUM Pierre Minassian / Photo: ©Studio Erick Saillet 03 OUTLOOK AND GUIDANCE 2021 Jan Jenisch, Chief Executive Officer © LafargeHolcim Ltd 2015
Slide 20: Growth Trends Accelerating in 2021
OUTLOOK & TARGETS 2021 GROWTH TRENDS ACCELERATING IN 2021 Growth momentum continues in all regions, accelerated as of H2 2021 by various stimulus programs Unleash Firestone growth platform Acceleration of bolt-on acquisitions Accelerated progress towards 2030 sustainability targets Over-proportional
Slide 21: Strategy 2022 Targets to Be Achieved One Year in Advance
STRATEGY 2022 TARGETS TO BE ACHIEVED ONE YEAR IN ADVANCE STRATEGY 2022 2021 OUTLOOK NET 3%-5% LFL SALES P.A. RECURRING AT LEAST 7% EBIT LFL P.A. CASH CONVERSION > 40% ROIC > 8% LEVERAGE BELOW 2x 21
Slide 22: Upcoming Events
UPCOMING EVENTS MAY 4, 2021 Annual General Meeting JULY 30, 2021 Half-year 2021 results OCTOBER 29, 2021 Q3 2021 Trading Update NOVEMBER 18, 2021 Capital Markets Day 22
Slide 23: Disclaimer
DISCLAIMER These materials are being provided to you on a confidential basis, may not be distributed to the press or to any other persons, may not be redistributed or passed on, directly or indirectly, to any person, or published or reproduced, in whole or in part, by any medium or for any purpose.
Slide 24: LafargeHolcim
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