Cementir Holding N.v. · MIL:CEM
Cementir — Q1 2020 Earnings Presentation
11 slides from Cementir's earnings presentation, May 13, 2020
Slide 1: Cementir Holding N.V. 2020 First Quarter results
Cementir Holding N.V. 2020 First Quarter results May 13th, 2020 Conference call | Rome, 13 May 2020
Slide 2: 2020 First Quarter results highlights
2020 First Quarter results highlights • Revenues reached 266.9 M€ (+0.9%) mainly due to good performance in Turkey, Denmark and Egypt. − Cement volumes up by 11.9% thanks to a 50% increase in Turkey • EBITDA reached 32.2 M€ (-4.4%) including 2.5 M€ impact from previous transactions final settlements
Slide 3: Nordic & Baltic
Nordic & Baltic • Denmark − Domestic cement volumes up due to increased market activity and 43% favourable weather conditions. Domestic prices in line with inflation 51% − White cement exports slightly down for timing differences in shipments to US; grey cement exports in line with Q1 2019 − RMC vol
Slide 4: Belgium and France
Belgium and France (1) 25% • Belgium 20% • France Share of Share of 2019 Group Revenue 2019 Group Ebitda − Grey cement and clinker volumes were down by 2%, with good trading until February and a 25% drop in March caused by Covid19. Prices up in line with inflation in both domestic and exports − RMC
Slide 5: North America
North America 9% 12% Share of Share of 2019 Group Revenue 2019 Group Ebitda • United States − White cement sales volumes declined slightly because of lower sales in Florida and some delays in relevant projects, with average prices up EUR '000 Q1 2020 Q1 2019 Chg % − LWCC subsidiary recorded EBITDA o
Slide 6: Asia Pacific
Asia Pacific • China − White cement and clinker sales volumes declined by 35% as 7% 9% the plant was closed between January 23rd and February 21st − From the third week of January, lockdown of many cities with Central China the most affected. From March the market has reopened and is recovering with
Slide 7: Turkey
Turkey (1) -1% 10% Share of Share of • Turkey 2019 Group Revenue 2019 Group Ebitda − Grey cement volumes increased by over 60%, with domestic sales volumes up 35% and cement revenue in TRY up 50% − Average cement prices down in local currency , with different trends at the various plants, due to sev
Slide 8: Egypt
Egypt 3% 2% Share of Share of 2019 Group Revenue 2019 Group Ebitda • Egypt EUR '000 Q1 2020 Q1 2019 Chg % − White volumes up thanks to 10% higher export volumes, with domestic cement volumes down 30% in March due to the Revenue 10,233 8,475 20.7% curfew to limit Covid19 EBITDA 2,048 1,378 48.6% − Hi
Slide 9: Italy
Italy 5% 3% Share of Share of 2019 Group Revenue 2019 Group Ebitda • Italy EUR '000 Q1 2020 Q1 2019 Chg % − Revenue increase is attributable to higher trading volumes Revenue 21,253 14,204 49.6% − EBITDA dropped to negative EUR 3.6 million (positive EUR 1.1 EBITDA (3,592) 1,051 n.m. million in Q1 20
Slide 10: Consolidated Income Statement
Consolidated Income Statement (EUR million) Q1 2020 Q1 2019 Chg % REVENUE FROM SALES AND SERVICES 266.9 264.4 1.0% Change in inventories (1.0) 2.9 (134.8%) Other revenue 4.1 4.4 (5.4%) TOTAL OPERATING REVENUE 270.0 271.7 (0.6%) Raw materials costs (102.8) (105.5) (2.6%) Personnel costs (49.2) (47.5)
Slide 11: Disclaimer and Other information
Disclaimer and Other information •This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the Investor Relations: “Company”) for the sole purpose described herein. In no case may it or any other statement (oral or otherwise) made at any time in connection here