Slide 1: Financial Results – First Quarter 2021
Financial Results – First Quarter 2021 Investors’ and Analysts’ Presentation 13 May 2021
Slide 2: First Quarter 2021 Highlights – Rise in Profitability
First Quarter 2021 Highlights – Rise in Profitability Group Revenue Group EBITDA Group NPAT € in millions -3.6% € in millions 38.3% € in millions -196.9% 400 384.8 -14.1 80 60 370.7 56.1* First Quarter 300 60 15.5 40 40.6 31.1 200 40 20 15.3 -15.8 100 20 0 0 0 -20 Revenue Variance Revenue EBITDA Var
Slide 3: First Quarter 2021 Highlights
First Quarter 2021 Highlights Revenue EBITDA Total Assets €38m €0m €76m -9%* N/A* €488m €226m 0% €38m 3% €1,111m 10% 20% +36%* 18% €49m -5%* €11m +2%* 13% -5%* €2,668m42% First Quarter €371m €56m 13% €449m 17% -0.4%* 16% -3.6%* 61% €7m +38.3%* +400%* 67% €58m 20% +1%* €544m USA Greece & WE SEE USA G
Slide 4: Rise in EBITDA and NPAT. Weak US$ and US$ Linked Currencies.
Rise in EBITDA and NPAT. Weak US$ and US$ Linked Currencies. Variance In Million Euros, unless otherwise stated 2021 2020 vs LY Revenue 370.7 384.8 -3.6% Cost of Goods Sold -276.3 -305.5 -9.6% Gross Margin (before depreciation) 94.5 79.3 19.2% SG&A -38.2 -39.3 -2.8% Other Income / Expense -0.2 0.6 E
Slide 5: Group Balance Sheet 31 March 2021
Group Balance Sheet 31 March 2021. Variance In Million Euros, unless otherwise stated 31 Mar' 21 31 Dec' 20 Dec 20 vs Dec 19 Property, plant & equipment and inv. Property 1,562.7 1,541.0 21.7 Intangible assets and goodwill 361.6 352.3 9.3 Investments/Other non-current assets 114.4 120.0 -5.6 Non-cur
Slide 6: Sales Volume Growth Across All Products
Sales Volume Growth Across All Products. First Quarter Sales Volume +3%(3) 3 .8 4 .0 2020A 2021A +3%(3) 4 .9 5 .1 +1%(3) 1 .29 1 .31 Cement (1), (2) Aggregates (2) Ready-mix (2) (tn m) (tn m) (m3 m) * Intragroup product sales for processing are included in sales volumes (1) Cement sales include clin
Slide 7: Improved OFCF Generation. Higher EBITDA and Seasonal WC Increase.
Improved OFCF Generation. Higher EBITDA and Seasonal WC Increase. €41m Early Payment to IFC. Sources and Uses of Cash Q1 Operating Free Cash Flow (€ in millions) 100 €-12m 75 (2 2) 56 6 50 (5 2) 25 (7 4) 0 (4 0) -25 -50 (1 0) (1 2) -75 -100 EBITDA Non-Cash CapEx Operating Acquisitions Interest, Tax,
Slide 8: Net Debt at €759m on 31 March 2021
Net Debt at €759m on 31 March 2021 (€119m Lower than 31 March 2020). Group Net and Gross Debt Evolution (€ in millions) Net debt Gross Debt 1,200 1112 1,100 986988 1,000 930947 874 889 891 878 900 831 839 840 787 758 784 772 808 759 800 739739707732 754 713 716 723 751 738 766 674 660630650 661 684
Slide 9: Performance by Region
~, Performance by Region %
Slide 10: Volume Growth Across All Products in the US
Volume Growth Across All Products in the US. Strong Demand in Residential and Commercial Sector. USA Revenue USA EBITDA € in millions -4.9% € in millions 36.4% 240 237.8 -11.7 226.1 40 10.0 37.7 1st Quarter 180 30 27.7 120 20 60 10 0 0 Revenue Variance Revenue EBITDA Variance EBITDA 2020 2021 2020 2
Slide 11: Stable Revenue for Greece & WE in Q1 2021
Stable Revenue for Greece & WE in Q1 2021. Rising Demand in Domestic Market. Greece Revenue Greece & Corporate EBITDA € in millions 0.9% € in millions 400.4% 240 40 1st Quarter 180 30 120 20 57.5 0.4 57.9 60 10 5.4 6.8 1.4 0 0 Revenue Variance Revenue EBITDA Variance EBITDA 2020 2021 2020 2021 2.4%
Slide 12: SEE Q1 Performance at 2020 Level. Promising Markets.
SEE Q1 Performance at 2020 Level. Promising Markets. Challenges on the Cost Side. SEE Revenue SEE EBITDA € in millions 2.2% € in millions -5.1% 240 40 1st Quarter 180 30 120 20 12.0 -0.7 11.3 60 47.9 1.1 49.0 10 0 0 Revenue Variance Revenue EBITDA Variance EBITDA 2020 2021 2020 2021 24.9% EBITDA Mar
Slide 13: In EMED, Egypt Demand Shows Signs of Recovering in Late Q1
In EMED, Egypt Demand Shows Signs of Recovering in Late Q1. Adocim Domestic and Export Volumes Posted Strong Growth. EMED Revenue EMED EBITDA € in millions € in millions 240 -9.3% 30 1st Quarter 180 20 120 10 -0.4 0.6 0.2 60 41.5 -3.8 37.7 0 0 -10 Revenue Variance Revenue EBITDA Variance EBITDA 2020
Slide 14: Brazil – Joint Venture: Cimento Apodi
Brazil – Joint Venture: Cimento Apodi • Cement demand in Brazil in Q1 2021 reached 15.2m tons, +18.7% higher y-o-y. Q1 2020 was affected by heavy rain and the beginning of the pandemic. • Apodi’s sales were driven by the residential and commercial sector • Profitability supported by higher prices (+
Slide 15: Progressing Against Our Goals
Progressing Against Our Goals
Slide 16: TITAN Group Published Its ESG Targets for 2025 & Beyond
TITAN Group Published Its ESG Targets for 2025 & Beyond While Accelerating Climate Change Mitigation Efforts We are accelerating our efforts to meet our updated, more ambitious, CO2 reduction goal for 2030, aligned with the COP21 Paris agreement and the GCCA 2050 Climate Ambition to deliver society
Slide 17: End-To-End Digitization of a Cement Production Line Using AI
End-To-End Digitization of a Cement Production Line Using Artificial Intelligence and Real-Time Optimization (Pennsuco Plant, FL) US Cement plant – Control panel Real-time optimization algorithms predicting the best combination of a set of operational parameters • The digitization of operations brin
Slide 18: Titan Innovates Through Fly Ash Recycling
Titan Innovates For the Reduction of Carbon and Energy Footprint Through Fly Ash Recycling • First Landfilled Fly Ash Reclamation and Processing Facility in Pennsylvania. • Combines drying with proprietary electrostatic separation. • Scalable to full size commercial operation. • The new process assi
Slide 19: Outlook
Outlook
Slide 20: Outlook 2021
Outlook 2021 • Strong economic rebound anticipated to fuel the growth cycle in USA construction • Focus on capturing growth opportunities • Short and medium-term growth prospects improve Greece • Short-term headwinds from energy & freight rates • Focus on competitiveness & decarbonization • Positive
Slide 21: Disclaimer
Disclaimer This presentation has been prepared by Titan for informational purposes only. Although the information contained in this presentation has been obtained from sources which Titan believes to be reliable, it has not been independently verified and no representation or warranty, express or im
Slide 22: Thank you!
Thank you! We invite you to visit our 2020 Integrated Annual Report 22 Investors' and Analysts' Presentation First Quarter 2021