Roca Industry Holdingrock1 Sa · BVB:ROC1
Roca Industry Holdingrock1 Sa — ROCA Industry Holding — H1 2023 Earnings Presentation
34 slides from Roca Industry Holdingrock1 Sa's earnings presentation, Aug 22, 2023
Slide 1: H1 2023 Financial Results Presentation
H1 2023 FINANCIAL RESULTS PRESENTATION 22 AUGUST 2023
Slide 2: Executive Summary
EXECUTIVE SUMMARY Chapter 1 – About ROCA Industry Chapter 3 – About the future ▪ ROCA Industry Management ▪ Strategic lines ▪ Information about ROC1 on the capital market ▪ Perspectives for H2 2023 ▪ ROC1 shares evolution ▪ ROCA Industry – overview ▪ Key events during 2023 Chapter 2 – Holding’s deta
Slide 3: Board Members
BOARD MEMBERS RUDOLF VIZENTAL ALEXANDRU SAVIN IOAN BINDEA MIHAI BÎRLIBA VASILE SANDU Member of the Board of Directors Member of the Board of Directors Chairman and Member of the Member of the Board of Directors Member of the Board of Directors Board of Directors Co-founder of the Impetum With an exp
Slide 4: Management Team
MANAGEMENT TEAM VALENTIN ALBU ONDINA OLARIU ALEXANDRU FOGARAȘI ȘTEFAN SZITAS Chief Financial Officer Chief Marketing Officer Chief Commercial Officer Chief Operations Officer Valentin Albu, the Chief With over 20 years of Alex Fogarași joined the Ștefan Szitas, the Financial Officer of Roca experien
Slide 5: Information about ROC1 on Capital Market
INFORMATION ABOUT ROC1 ON CAPITAL MARKET SYmbol ROC1 Market BSE Multilateral Trading System (AeRO) Listing date 27 January 2022 Capitalization(1) RON 171,637,358.10 Share capital RON 176,945,730 Nominal value RON 10 per share Total no. of shares 17,694,573 Liquidity since RON 34,122,832 listing(1) L
Slide 6: ROC1 Share Evolution (1/2)
ROC1 SHARE EVOLUTION (1/2) Daily volume and closing price of ROC1 shares Price/share Daily volume* 12 Total volume: 3,259,314 shares (18.4% of total ROC1 shares) 200,000 Average daily volume: 8,336 shares 180,000 Price interval: RON 7.8 (7 March) – RON 12.0 (31 January) 11 160,000 140,000 10 120,000
Slide 7: ROC1 Share Evolution (2/2)
ROC1 SHARE EVOLUTION (2/2) ROC1 vs BET AeRO closing price evolution 20% ROC1: -13,0% BET AeRO:-14,9% 15% 10% 5% 0% -5% -10% -15% -20% -25% Evolutie BET AeRO (%) de la listare Evolutie pret ROC1 (%) de la listare
Slide 8: ROCA Industry – Overview
ROCA INDUSTRY – IMAGINE DE ANSAMBLU Other Mihai Roca 100 100 shareholders Bîrliba Investments % % 33.5% 5.7% 60.8% 100 % 70% 100% 100% 100 Ongoing transaction % 55% 60% 100% 100% 100% 99.9%
Slide 9: Investments in Five Subsectors of Activity
INVESTMENTS IN FIVE SUBSECTORS OF ACTIVITY Contribution of each business segment to the Roca Industry, established in 2021, is the first strategic cumulative turnover of the holding (H1 2023) project of ROCA Investments. The holding directly owns five companies in different sub-sectors of activity •
Slide 10: 9 Factories in 3 International Jurisdictions
9 FACTORIES IN 3 INTERNATIONAL JURISDICTIONS
Slide 11: Key Events in 2023
KEY EVENTS IN 2023 Jul 2023 Jun 2023 Completion of the merger between Aug 2023 Jun 2023 Closing of the acquisition Doorsrock4 (SPV) and EED Completion of the merger Appointment of Ioan- of 99.99997% of between Nativerock1 (SPV) Adrian Bindea as CEO until Electroplast share capital and Dial 29 June 2
Slide 12: About ROCA Industry
ABOUT ROCA INDUSTRY SPECIALIZED HOLDING HAVING UNDER ITS UMBRELLA ROMANIAN COMPANIES PRODUCING BUILDING MATERIALS Organization: • 5 companies held directly (Bico, Evolor – former Sarcom, EED, Dial, Electroplast) • 3 companies indirectly held (Terra, Europlas, Iranga) • 3 jurisdictions (Romania, Repu
Slide 13: About Bico
ABOUT BICO THE LARGEST PRODUCER OF FIBERGLASS MESH IN CENTRAL AND EASTERN EUROPE AND THE THIRD-LARGEST PRODUCER IN THE EUROPEAN UNION Organization: • 4 companies (Bico, Terra, Europlas, Iranga) • 5 factories • 3 jurisdictions Achievements in H1 2023: Shareholders: Roca Industry (60%), Mihai Bîrliba
Slide 14: About Evolor
ABOUT EVOLOR ONE OF THE MOST IMPORTANT ROMANIAN MANUFACTURERS OF PAINTS, VARNISHES, AND PLASTERS Organization: • 1 factory • 7 main production sections • 2 well-known brands (STICKY and CORAL) • 380 products, with national distribution Achievements in H1 2023: Shareholders: ROCA Industry (100%) • Im
Slide 15: About Eco Euro Doors
ABOUT ECO EURO DOORS THE LARGEST ROMANIAN PRODUCER OF DOORS FOR RESIDENTIAL CONSTRUCTIONS Organization: • 10.000 sqm factory • Storage capacity of over 8,000 sqm • The only fully automated painting line with 2 robots in Romania • 3 product categories (economic, medium, premium) Achievements in H1 20
Slide 16: About Dial
ABOUT DIAL ONE OF THE LARGEST PRODUCERS OF PANELS AND FENCING MESH Organization: • Total land: 30,000 sqm • Factory: 6.000 sqm • Production capacity 10,000 tons/year • Over 80 products Achievements in H1 2023: • Process of integration into the holding Shareholders: ROCA Industry (100%) • Completion
Slide 17: About Electroplast
ABOUT ELECTROPLAST ONE OF THE LARGEST PRODUCERS OF LOW-VOLTAGE COPPER AND ALUMINUM ELECTRICAL CABLES Organization: • Railway cables market lider • 30 echipament and production lines • 3,600 cable types and sizes • Modern testing laboratory accredited by RENAR Shareholders: ROCA Industry (99.99997%)
Slide 18: Key Strategic Directions
KEY STRATEGIC DIRECTIONS Medium and long • One of the leaders in the building materials production market, by developing regional term vision (3-7 champions, benefiting from organic growth, but also by creating a group of subsidiaries in ani) this sector and related industries • Consolidation and ac
Slide 19: Perspectives for H2 2023
PERSPECTIVES FOR H2 2023 • Completion of the third acquisition, i.e. Workshop Doors by EED • Increase in capital up to RON 150 mn and listing ROC1 on the main market of the BSE • Establishment of long-term partnerships with key players in the target markets for the companies in the holding H2 2023 P
Slide 20: Perspectives for H2 2023
PERSPECTIVES FOR H2 2023 • Completion of the acquisition of a land with a production hall, along with the first stage of relocating production equipment for one of the lines. • Reengineering of production equipment to increase automation levels and production capacity, a process that will unfold in
Slide 21: Perspectives for H2 2023
PERSPECTIVES FOR H2 2023 • Focus on accessing new industrial projects (logistics hubs, photovoltaic parks) and residential projects. • Increase in exports, retention of current customers, and portfolio expansion by attracting new H2 2023 clients. Perspectives • Completion of the recruitment process
Slide 22: Cumulated Financial Results
CUMULATED FINANCIAL RESULTS 329k RON (947)k RON 1,177k RON Gross profit Net Results Tax 73,349k RON (6,374)k RON Financial Results 23,068k RON 104,270 k RON 14,849k RON BICO aggregated EBITDA 2,447k RON 8,146k RON Depreciation expenses 5,407k RON 49,554k RON 30,240k RO 280,487k RON 265,639k RON Othe
Slide 23: Cumulated Financial Results
CUMULATED FINANCIAL RESULTS All data in th RON Variation H1 Indicators (RON mn) H1 2023 H1 2022 H1 2023 margin 2023 vs H1 2022 Turnover 289,519 273,887 - 5.7% Out of which productive companies 289,519 273,887 - 5.7% EBITDA 14,849 34,977 6.2% -57.5% Out of which productive companies 17,933 36,084 5.1
Slide 24: Appendix
APPENDIX In the following pages, you can find additional information regarding the consolidated and individual financial results of ROCA Industry and the majority-owned companies by the holding
Slide 25: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE PROFIT&LOSS ACCOUNT INDICATORS Variation The challenging economic context (high inflation, elevated interest (RON) H1 2023 H1 2022 H1’23 vs rates, and low demand) has had a strong impact on all construction- H1’22 (%) related industries. Operating income 196,564,23
Slide 26: ROC1 Standalone Financial Performance
ROC1 STANDALONE FINANCIAL PERFORMANCE PROFIT&LOSS ACCOUNT INDICATORS (RON) H1 2023 H1 2022 Operating expenses in H1 2023 - RON 2.9 mn, mainly Operating income 780 228 operational costs of the holding (personnel expenses Operating expenses, of which: 2,891,276 1,098,718 increased due to the expansion
Slide 27: Financial Results Bico
FINANCIAL RESULTS BICO All data in thousands of RON Turnover EBITDA (0.5% margin) Net result 102,357 8,928 8,270 4,817 4,894 7,760 78,401 73,349 60,450 1,337 384 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 (1,593) Turnover +21% at H1 2023 vs H1 202
Slide 28: Financial Results Terra
FINANCIAL RESULTS TERRA All data in thousands of RON Turnover EBITDA (5.5% margin) Net result (3.0% margin) 44,197 4,250 2,820 2,820 36,908 2,260 2,980 24,728 2,384 23,068 1,268 683 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 Turnover decreased by
Slide 29: Financial Results Iranga
FINANCIAL RESULTS IRANGA All data in thousands of RON Turnover EBITDA (17% margin) Net result (10% margin) 11,014 561 911 6,731 (72) 5,616 (298) 5,407 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 (616) (824) (1,450) (1,899) FY 2021 6M 2022 FY 2022 6M 2023 Turnover decreased by 4%
Slide 30: Financial Results Evolor
FINANCIAL RESULTS EVOLOR All data in thousands of RON Turnover EBITDA (16.8% margin) Net result (3.0% margin) 77,030 10,364 7,773 9,482 6,915 64,316 8,349 49,554 37,386 4,575 3,683 1,475 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 Turnover increase
Slide 31: Financial Results EED
FINANCIAL RESULTS EED All data in thousands of RON Turnover EBITDA (5.2% margin) Net result 7,247 67,093 11,709 11,769 55,964 5,256 4,977 7,278 33,559 29,644 1,554 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 (1,038) Tunrover decreased by 12% in H1
Slide 32: Financial Results Dial
FINANCIAL RESULTS DIAL All data in thousands of RON Turnover EBITDA (9.4% margin) Net resilt (4.3% margin) 65,446 13,035 8,493 49,251 41,112 7,825 7,525 4,587 4,374 28,601 2,680 1,223 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 Turnover decreased b
Slide 33: Financial Results Electroplast
FINANCIAL RESULTS ELECTROPLAST All data in thousands of RON Turnover EBITDA (3.9% margin) Net result 133,986 9,624 5,029 91,035 77,450 3,019 66,405 4,934 2,064 3,016 FY 2021 6M 2022 FY 2022 6M 2023 FY(751) 2021 6M 2022 FY 2022 6M 2023 FY 2021 6M 2022 FY 2022 6M 2023 (639) Turnover increased by 14% i
Slide 34: Thank You!
THANK YOU! ROCA Industry T + 40 (0)723 51 11 38 E-mail: investors@rocaindustry.ro
ROCA Industry Holding — H1 2023 Earnings Presentation on 6ix