H+h International A/s · OMXCOP:HH
H+h International A/s — Q1 2016 Earnings Presentation
21 slides from H+h International A/s's earnings presentation, May 19, 2016
Slide 1: Investor presentation Q1 2016
Investor presentation Q1 2016 19 May 2016
Slide 2: Introduction
Investor presentation - Q1 2016 19 May 2016 2 Introduction Forward-looking statement Agenda The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors • Highlights influencing the activities of
Slide 3: Highlights
Investor presentation - Q1 2016 19 May 2016 3 Highlights Organic •• 12% organic growth Forward buying due to announced EBITDA* • DKK 37 million in the quarter • DKK 19 million same period last growth price increases and volume allocation in the UK year Net Gross • 23.6% which is abnormally high for
Slide 4: Financial performance
Investor presentation - Q1 2016 19 May 2016 4 Financial performance Q1 Year-to-date DKK million 2016 2015 Variance 2016 2015 Variance Actual 368 343 7% 368 343 7% Revenue Organic 384 343 12% 384 343 12% Gross margin 24% 21% 3% 24% 21% 3% Before special items 37 19 18 37 19 18 EBITDA After special it
Slide 5: Outlook 2016 and long-term financial targets reiterated
Investor presentation - Q1 2016 19 May 2016 5 Outlook 2016 and long-term financial targets reiterated Long-term DKK million Outlook financial targets Organic growth 3-4% EBITDA * 190-210 Investments ~ 80 EBIT margin Min. 6-8% Return on invested capital Min. 12% * Before special items
Slide 6: Specific assumptions for outlook for 2016
Investor presentation - Q1 2016 19 May 2016 6 Specific assumptions for outlook for 2016 • Economic growth of around a negative 2% to a positive 3.5% in our geographical footprint • Energy and raw material prices rise higher than inflation from their mid-May 2016 levels • The commercial and operation
Slide 7: Other selected items
Investor presentation - Q1 2016 19 May 2016 7 Other selected items • DKK 11 million in the quarter Asset • Sales of DKK 4 million in the quarter, CAPEX • DKK 16 million last year sales total sales now DKK 42 million • Target is DKK 70 million by 2017 Free • Negative DKK 41 million in the quarter whi
Slide 8: Western European segment
Investor presentation - Q1 2016 19 May 2016 8 Western European segment Q1 Year-to-date DKK million 2016 2015 Variance 2016 2015 Variance Actual 293 265 10% 293 265 10% Revenue Organic 304 265 15% 304 265 15% Before special items 45 32 13 45 32 13 EBITDA After special items 40 30 10 40 30 10 Investme
Slide 9: Pulverised fuel ash (PFA)
Investor presentation - Q1 2016 19 May 2016 9 Pulverised fuel ash (PFA) • Sourcing of PFA has been reviewed and optimised. • Use of stockpiled PFA leads to lower consistency in • The product can be used as raw manufacturing output. material in aircrete production and • Replacing PFA with sand for H+
Slide 10: Eastern European segment
Investor presentation - Q1 2016 19 May 2016 10 Eastern European segment Q1 Year-to-date DKK million 2016 2015 Variance 2016 2015 Variance Actual 75 78 (3%) 75 78 (3%) Revenue Organic 81 78 4% 81 78 4% Before special items (1) (4) 3 (1) (4) 3 EBITDA After special items (2) 32 (34) (2) 32 (34) Investm
Slide 11: Q&A
Investor presentation - Q1 2016 19 May 2016 11 Q&A
Slide 12: Appendices
Investor presentation - Q1 2016 19 May 2016 12 Appendices
Slide 13: Geographical footprint
Investor presentation - Q1 2016 19 May 2016 13 Geographical footprint
Slide 14: Strategy and external growth drivers
Investor presentation - Q1 2016 19 May 2016 14 Strategy and external growth drivers
Slide 15: Commercial approach
Investor presentation - Q1 2016 19 May 2016 15 Commercial approach
Slide 16: Manufacturing process
Investor presentation - Q1 2016 19 May 2016 16 Manufacturing process
Slide 17: Revenue allocation 2015
Investor presentation - Q1 2016 19 May 2016 17 Revenue allocation 2015
Slide 18: EBITDA and EBIT margin development and EBITDA allocation 2015
Investor presentation - Q1 2016 19 May 2016 18 EBITDA and EBIT margin development and EBITDA allocation 2015
Slide 19: Non-current asset allocation as of 31 December 2015
Investor presentation - Q1 2016 19 May 2016 19 Non-current asset allocation as of 31 December 2015
Slide 20: Net interest-bearing debt development and allocation as of 31 December 2015
Investor presentation - Q1 2016 19 May 2016 20 Net interest-bearing debt development and allocation as of 31 December 2015
Slide 21: Thank you
Investor presentation - Q1 2016 19 May 2016 21 Thank you H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark +45 35 27 02 00 info@hplush.com www.hplush.com