H+h International A/s · OMXCOP:HH
H+h International A/s — Non-Deal Roadshow (November 2022)
23 slides from H+h International A/s's roadshow presentation, Nov 23, 2022
Slide 1: H+H International A/S Q3 2022 Digital Roadshow
H+H International A/S Q3 2022 Digital Roadshow Q3 2022 Investor Roadshow, Copenhagen | Hosted by SEB | Digital Roadshow | 23 November 2022
Slide 2: Introduction
Introduction H+H is a Partner in Wall Building across Europe H+H is a wall-building materials provider. The core activity is the production and sale of autoclaved aerated concrete (“AAC” or “aircrete”) and calcium silicate units (“CSU” or “sand lime bricks”). The primary products are building blocks
Slide 3: H+H at a glance
H+H at a glance H+H is a leading provider of solutions and materials for wall building. Over the recent years, H+H has grown significantly through acquisitions and now has a strong and diversified market position across its geographies, serving as a solid foundation for continued growth. Founded in
Slide 4: Our products and wall-building solutions can be used for a variety of projects
Our products and wall-building solutions can be used for a variety of projects A strong solution in sustainable building Our homes, flats, offices and other buildings need to be comfortable, safe and sustainable. Our wall-building solutions have been specifically developed to deliver high-quality an
Slide 5: Geographical footprint
; : Gectraphien HH footprint
Slide 6: Our geographical footprint
Our geographical footprint We have a diversified geographical footprint with our activities spread across three core regions, namely the Central Western Europe region (comprising Germany, the Nordics, the Benelux countries, the Czech Republic and Switzerland), the United Kingdom and Poland. We have
Slide 7: Strategic position
Strategic position
Slide 8: Modern and carbon-friendly products with increasing market penetration
Modern and carbon-friendly products with increasing market penetration Modern and long-lasting products… Aircrete was invented in the early-1930’s, decades or even centuries later than timber, concrete, clay, and bricks. H+H’s products have an expected lifetime of 100-150 years. …with sustainable pr
Slide 9: The business has shown solid organic-growth rates over recent years
The business has shown solid organic-growth rates over recent years Organic revenue Revenue in local currencies, excluding acquired and divested businesses, DKKm Organic revenue (DKKm) 3,000 2,500 CAGR = +12% 2,000 1,500 1,000 500 - 2014 2015 2016 2017 2018 2019 2020 2021 (1) Revenue in 2020 was neg
Slide 10: Since 2014, H+H has grown considerably through several profitable acquisitions
Since 2014, H+H has grown considerably through several profitable acquisitions H+H has a strong track record as a market consolidator. Since 2014, the strategy has been focused on consolidating the European whitestone market with a primary focus on Germany and Poland. Number of factories in H+H port
Slide 11: Two most recent acquisitions provide important expansion of H+H's Germany factory network
Two most recent acquisitions provide important expansion of H+H’s Germany factory network Feuchtwangen acquisition • Acquisition of one AAC factory located in Feuchtwangen in Bavaria, Germany DOMAPOR DOMAPOR acquisition factory • The acquisition provides true national coverage for H+H’s • H+H has si
Slide 12: Important strides made on our journey towards net-zero emissions
Important strides made on our journey towards net-zero emissions 2022 2030 2050 As the first manufacturer of AAC and CSU We commit to reducing absolute scope 1 We commit to achieving net-zero products, H+H committed to an ambitious and 2 greenhouse-gas emissions by emissions in our operations and pr
Slide 13: Financial position
Financial position
Slide 14: H+H has managed to grow its business significantly without over-leveraging the company
H+H has managed to grow its business significantly without over-leveraging the company Free cash flow Financing structure Financial gearing Before acquisitions and divestments (DKKm) (DKKm) Net interest-bearing debt to EBITDA before special items ratio 1,700 320 2.5x 2.4x 291 280 265 Un-committed ac
Slide 15: Financial outlook for the full year 2022 narrowed
Financial outlook for the full year 2022 narrowed Organic growth EBIT before special items ∼15% 440 to 470 (Previously 15% to 20%) (Previously 440 to 520) DKKm Specific assumptions: • Exchange rates, primarily the British pound ("GBP"), the euro ("EUR") and the Polish zloty ("PLN"), are expected to
Slide 16: We remain in a unique position for continued growth
We remain in a unique position for continued growth due to unique market conditions, a differentiated market approach, sustainable products and solid strategy execution Unique market conditions Differentiated market Sustainable solutions Proven track record of for growth approach —net-zero emissions
Slide 17: Questions and answers
Questions and answers
Slide 18: Thank you
Thank you For further information, please contact Andreas Peter Holkjær Klovgaard-Jørgensen Investor Chief Relations Financial and Treasury Manager Officer +45 35 +45 24 27 48 02 03 00 67 aho@HplusH.com shareholder@HplusH.com H+H International A/S Lautrupsgade 7, 5th Floor 2100 Copenhagen Ø Denmark
Slide 19: Supplementary information
; Supp! nentary. —. information
Slide 20: Our geographical footprint
Our geographical footprint We have a diversified geographical footprint with our activities spread across three core regions, namely the Central Western Europe region (comprising Germany, the Nordics, the Benelux countries, the Czech Republic and Switzerland), the United Kingdom and Poland. We have
Slide 21: Central Western Europe
Central Western Europe 1,399 15 ~13% 2021 revenue, DKKm Factories CSU market share(1) 2021 was another solid year for the Central Western Europe in which we continued to 6% 644 ~20% see the benefits from our efforts to 2021 organic growth Employees AAC market share(1) consolidate the German whitesto
Slide 22: The United Kingdom
The United Kingdom 884 3 >40% 2021 revenue, DKKm Factories AAC market share 2021 was a very strong year for the British construction industry 34% 243 with activity levels exceeding 2021 organic growth Employees those of the record year of 2019. The high activity was in part driven by the shorter-ter
Slide 23: Poland
Poland 737 13 20-25% 2021 revenue, DKKm Factories CSU market share 2021 showed very high activity in the Polish construction markets 6% 776 20-25% which translated into strong 2021 organic growth Employees AAC market share demand for our AAC and CSU products. We continue to benefit from the market c
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