Compagnie De Saint-gobain Sa · EURONEXT:SGO
Compagnie De Saint-gobain Sa — Saint-Gobain — Merger or Acquisition (June 2024)
13 slides from Compagnie De Saint-gobain Sa's merger presentation, Jun 27, 2024
Slide 1: Saint-Gobain to Acquire Fosroc
SAINT-GOBAIN TO ACQUIRE FOSROC JUNE 27, 2024
Slide 2: Fosroc Acquisition: The Ideal Next Step to Strengthen Saint-Gobain's Construction Chemicals Growth Platform
FOSROC ACQUISITION: THE IDEAL NEXT STEP TO STRENGTHEN SAINT-GOBAIN’S CONSTRUCTION CHEMICALS GROWTH PLATFORM A unique opportunity, fully aligned with Saint-Gobain's global growth strategy in construction chemicals Highly complementary geographic profile, strengthening our presence in high-growth emer
Slide 3: Fosroc Acquisition Is a New Milestone to Strengthen Saint-Gobain's Worldwide Presence in Construction Chemicals
FOSROC ACQUISITION IS A NEW MILESTONE TO STRENGTHEN SAINT- GOBAIN’S WORLDWIDE PRESENCE IN CONSTRUCTION CHEMICALS 3 2024 2 2022 1 2021 • Strengthen our presence in India, the Middle East and • Strengthen our presence in Asia-Pacific North America, Latin America • Enrich our growth platform in and Asi
Slide 4: Fosroc: A Leading Global Player in Construction Chemicals
FOSROC: A LEADING GLOBAL PLAYER IN CONSTRUCTION CHEMICALS $487m $91m 18.7% 20 2024E Sales 2024E EBITDA 2024E EBITDA margin Manufacturing plants • A leading player in India and the Middle East Additives & Admixtures • Outstanding growth with 11% sales CAGR Concrete Admixtures Cement Additives between
Slide 5: Fosroc Is Strategically Positioned in Fast-Growing Markets
FOSROC IS STRATEGICALLY POSITIONED IN FAST-GROWING MARKETS 2024E Sales • India: %, Total = $487m - Strong underlying construction market with a dynamic infrastructure sector - Accelerated penetration of construction chemicals driven by the requirement for better quality and performance India Middle
Slide 6: A Further Step in Building Saint-Gobain's Global Growth Platform in Construction Chemicals
A FURTHER STEP IN BUILDING SAINT-GOBAIN’S GLOBAL GROWTH PLATFORM IN CONSTRUCTION CHEMICALS Leading platform & x2.2 capabilities 6.2 5.3 • 73 countries • ~300 sites 3.5 • ~13,000 employees 2.8 Clear investment criteria • ~€5bn invested in 2019 2021 2022 2024E acquisitions since 2021 • 31 newly built
Slide 7: Fosroc Will Particularly Complement Our Position in India
FOSROC WILL PARTICULARLY COMPLEMENT OUR POSITION IN INDIA Strong in Leader • Cross-selling in glass, gypsum and infrastructure insulation • SG&A mutualization >7,000 35 • Purchasing & supply Retail points of sale Industrial sites chain optimization High performance products Incl. 9 Weber & Chryso si
Slide 8: Fosroc Is a Natural Fit with Saint-Gobain's Best-in-Class Construction Chemicals Platform
FOSROC IS A NATURAL FIT WITH SAINT-GOBAIN’S BEST-IN-CLASS CONSTRUCTION CHEMICALS PLATFORM INNOVATION SUPPLY CHAIN Strong innovation platform with Worldwide industrial 2 global research centers, footprint with 9 regional development centers, 87 manufacturing units Value creation in and 54 applicative
Slide 9: Fosroc Will Unlock Exciting Cross-Selling Opportunities for Saint-Gobain
FOSROC WILL UNLOCK EXCITING CROSS-SELLING OPPORTUNITIES FOR SAINT-GOBAIN Enrich FOSROC’s admixtures Enrich FOSROC’s offering with Leverage Weber’s regional offering with Chryso’s innovations GCP bridge and foundations presence to expand FOSROC for low-carbon concrete products distribution channels W
Slide 10: Strong Value Creation Supported by Significant Synergies
STRONG VALUE CREATION SUPPORTED BY SIGNIFICANT SYNERGIES PROCUREMENT • Economies of scale on procurement 54 & FORMULATION • Optimization of product recipes 11 COST SYNERGIES ENGINEERING 40 • Leverage Chryso polymerization 12 OPERATIONS capabilities for admixtures 16 • Global administrative and corpo
Slide 11: Transaction Overview
TRANSACTION OVERVIEW • Enterprise Value of $1,025m (c. €960m) • 11.3x 2024E EBITDA ($91m) FINANCIAL TERMS • 7.1x including full synergies ($54m) by Year 3 • Value creation by Year 3 • EPS accretive from Year 1 • Acquisition financed fully in cash FINANCING • Limited impact of +0.1x on net debt/EBITD
Slide 12: The Ideal Next Step to Complement Saint-Gobain's Construction Chemicals Growth Platform
THE IDEAL NEXT STEP TO COMPLEMENT SAINT-GOBAIN’S CONSTRUCTION CHEMICALS GROWTH PLATFORM Photo update Photo update Balanced geographic Strong industrial platform to Strong & experienced teams footprint with exposure to the deliver value-added solutions to deliver synergies and fastest growing markets
Slide 13: Saint-Gobain to Acquire Fosroc - Questions
SAINT-GOBAIN SAINT-GOBAINTO TOACQUIRE ACQUIRE FOSROC FOSROC 27 JUNE 2024 JUNE 27, 2024 QUESTIONS