H+h International A/s · OMXCOP:HH
H+h International A/s — Nordnet webinar 2017
15 slides from H+h International A/s's conference presentation, Apr 10, 2017
Slide 1: Nordnet webinar – virksomhedspræsentation af H+H International A/S
Nordnet webinar – virksomhedspræsentation af H+H International A/S 10 April 2017
Slide 2: Content
H+H International A/S 10 April 2017 2 Content Agenda (est. tider) • Historien og kerneforretningen 17:05-17:15 • Resultater fra 2016 17:15-17:25 • Et blik på 2017 17:25-17:35 • Spørgsmål 17:35
Slide 3: H+H is one of the leading aircrete manufacturers
H+H International A/S 10 April 2017 3 H+H is one of the leading Strong financial development 6.8x 5.2x 5.7x 3.8x 2.4x 1.8x aircrete manufacturer 2.000 11% 13% 14% 10% 12% 1.500 9% 10% • Modern production facilities across Europe with 7% 8% 1.000 a cost efficient production and logistical setup 6% 50
Slide 4: Business model
H+H International A/S 10 April 2017 4 Business model
Slide 5: Structural design – residential low rise
H+H International A/S 10 April 2017 5 Structural design – residential low rise Example: - Two and a half storey, single-family detached home • External walls: Solid walls (render finish) • External walls: Cavity walls (brick outer leaf) • Internal partition walls, any internal finish • Solid foundat
Slide 6: Story line
H+H International A/S 10 April 2017 6 Story line The larger shareholders in H+H re-capitalised the company. 2008 2009 Following an aggressive Following a process of growth strategy exploring possible new 2003 the financial crisis lead to financial distress for H+H. 2010 ownership during 2010 a stand
Slide 7: Highlights 2016
H+H International A/S 10 April 2017 7 Highlights 2016 • DKK 83.3 million full year vs. guidance Organic • 6.4% organic growth full year vs. in the region of DKK 80 million. guidance of 5-6%. Investments growth • Borough Green project running to schedule. • EBIT-margin before special items for • DKK
Slide 8: Update on the UK
H+H International A/S 10 April 2017 8 Update on the UK • We expect continuous growth from the UK, • The Borough Green factory upgrade will despite Brexit for following reasons; make it the most advanced aircrete facility in • Structural undersupply of houses the UK. • Government support • We are pla
Slide 9: Other selected items
H+H International A/S 10 April 2017 9 Other selected items • Investments in 2017 is expected to be the highest since 2008 of around DKK Credit • New three year credit facility in place Investments 120 million. The main part is allocated to the Borough Green. facility until March 2020. • Defined cont
Slide 10: Outlook 2017
H+H International A/S 10 April 2017 10 Outlook 2017 • Special items of approximately DKK 25 DKK million Outlook million cost are expected to be incurred as a Organic growth 5-7% result of the Borough Green factory upgrade and resulting need to import products from EBITDA before special items 220-240
Slide 11: Specific assumptions for outlook for 2017
H+H International A/S 10 April 2017 11 Specific assumptions for outlook for 2017 • Economic growth of around 1-3% in our geographical footprint. • Energy and raw material prices rise only in line than inflation from their March 2017 levels. • The commercial and operational excellence programmes cont
Slide 12: Long-term financial targets
H+H International A/S 10 April 2017 12 Long-term financial targets
Slide 13: A powerful platform for continuing the strong development
H+H International A/S 10 April 2017 13 A powerful platform for continuing the strong development Strong market position Approved how successful Markets set restructuring for growth can be done Positive financial development Focused strategy has Continuous improved the operational flexibility of impr
Slide 14: Q & A
H+H International A/S 10 April 2017 14 Q&A
Slide 15: Current build rates are below average in two of our core markets
100 150 200 250 300 0 50 1980 1981 1982 H+H International The UK 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 UK 1995 1996 1997 1998 1999 2000 Average 2001 2002 2003 2004 2005 2006 New dwellings completed '000 units 2007 2008 2009 2010 2011 2012 2013 2014 2015 100 200 300 400 500 600