Slide 1: Investor Presentation FY 2018 Results
INVESTOR PRESENTATION FY 2018 RESULTS 16th May 2019 © SigmaRoc plc – 2019
Slide 2: Presentation Agenda
PRESENTATION AGENDA David Barrett - Chairman Introduction Garth Palmer - CFO Financial Review Max Vermorken - CEO Operational Review Max Vermorken - CEO Invest & Improve Q&A
Slide 3: Introduction
INTRODUCTION David Barrett Executive Chairman
Slide 4: FY 2018 Invest, Improve, Integrate
FY 2018 INVEST, IMPROVE, INTEGRATE Solid performance for the year and a solid base to grow from OPERATIONS IMPROVEMENTS AND INTEGRATION Solid performance for a second year in a row, hitting our sales Further investment into the business including a new RMX and EBITDA targets. Volumes in line with ex
Slide 5: FY18 Financials
FY18 FINANCIALS Garth Palmer Chief Financial Officer
Slide 6: Substantial Year-on-Year Growth in FY 2018
SUBSTANTIAL YEAR-ON-YEAR GROWTH IN FY 2018 Strong year with excellent execution of operational improvements and business’ integration +79% +113% +90% +52% £9.8m £5.5m 3.83p £41.2m £5.5m £2.6m 2.02p £27.1m Revenue Underlying EBITDA Underlying PBT Underlying EPS 2017 2018 RESULTS PRESENTATION FY 2018
Slide 7: Income Statement for FY 2018
INCOME STATEMENT FOR FY 2018 Two newly acquired businesses, Allen Concrete and Poundfield Products, contributing to the 2018 income statement Underlying results are stated before holding company costs, acquisition-related expenses, redundancy and reorganisation costs, property items, amortisation of
Slide 8: Key Balance Sheet Statistics in FY 2018
KEY BALANCE SHEET STATISTICS IN FY 2018 Clear picture of investment in our businesses while maintaining a solid balance sheet +3% -47% +7% +36% £84.0m £7.0m £81.6m £50.0m £16.0m £46.6m £11.8m £3.7m Tangible assets Total Assets Net debt Cash 2017 2018 Underlying results are stated before holding comp
Slide 9: Net Debt Movement for FY 2018
NET DEBT MOVEMENT FOR FY 2018 Healthy looking debt movement, inline with our internal controls and gearing ratio target £16m £14m £12m £10m £8m £6m £4m £2m 0 Opening net Underlying Non- Working Interest Tax Capex Investment Disposals Equity Borrowings Closing net debt EBITDA underlying capital issue
Slide 10: Key Ratios for FY 2018
KEY RATIOS FOR FY 2018 SigmaRoc proves to be a solid, asset-backed business with well structured debt and stable return 92% 84% 30% 9% Tangible assets / Non-current assets / Gearing Return on net assets market capitalisation ratio Invested Capital (on 8th May 2019) 1.63 1.63 times net debt to underl
Slide 11: FY Operations
FY 18 OPERATIONS Max Vermorken Chief Executive Officer
Slide 12: Channel Island Platform Delivering at Ronez
CHANNEL ISLAND PLATFORM DELIVERING AT RONEZ Comprising of the Ronez Jersey, Ronez Guernsey and the shipping business SigmaGsy OPERATIONS IMPROVEMENTS AND INTEGRATION Good plant availability throughout the year. Strong performance Further benefits crystalised from improvement programmes from the contr
Slide 13: Precast Platform Integrating SigmaPPG
PRECAST PLATFORM INTEGRATING SIGMAPPG Comprising of Allen Concrete and Poundfield Products OPERATIONS IMPROVEMENTS AND INTEGRATION Stable performance from Allen Concrete delivering expected Significant operational and production overhaul at Poundfield results. Slow start of the year for Poundfield after
Slide 14: South Wales Platform Starting from Foelfach
SOUTH WALES PLATFORM STARTING FROM FOELFACH Launch pad from which to start a new platform across South Wales and the South West OPERATIONS IMPROVEMENTS AND INTEGRATION Small initial footprint in South Wales through Foelfach quarry a Significant improvement in reserve picture by 120% to 4mt of high PS
Slide 15: Invest & Improve
INVEST & IMPROVE Max Vermorken Chief Executive Officer
Slide 16: A Brief Company History
A BRIEF COMPANY HISTORY Seven acquisitions in 30 months to build a solid construction materials business CASH SHELL CREATION SIGMAPPG REFINANCING CLN GD HARRIES SigmaRoc buys an AIM shell from Following the acquisitions of Allen As a proof of confidence from 26 Operations, 100m tonnes of ‘Telemessagi
Slide 17: Internal Improvements: 12 Months Ownership
INTERNAL IMPROVEMENTS 12 MONTHS OWNERSHIP Revenue and EBITDA change in the 12 months after acquisition PPG Platform Revenue 8% (Allen Concrete Post acquisition growth: and Poundfield Products) like-for-like Operational EBITDA EBITDA 30% comparison for the 12 months pre and 12 months post acquisition
Slide 18: Strong Track Record: EBITDA and EPS Growth
STRONG TRACK RECORD EBITDA AND EPS GROWTH Revenue, Underlying EBITDA and EPS growth since inception +52% +79% +90% £9.8m 3.83p 5000 10 4 £41.2m 4000 8 3 3000 6 £5.5m £27.1m 2.02p 2 2000 4 1 1000 2 £3.6m (£2.4m) (1.4p) 0 0 0 2016 2017 2018 2016 2017 2018 2016 2017 2018 REVENUE Underlying EBITDA Under
Slide 19: Year on Year Improvement in Health and Safety
YEAR ON YEAR IMPROVEMENT HEALTH AND SAFETY Strong year on year improvement in Health and Safety for all businesses since acquisition -15% 66 -10% 56 -36% 52 47 14 9 Total Harm Total Ronez Total SigmaPPG Incidents Harm Incidents Harm Incidents Year Pre Acquisition Year Post Acquisition Total Harm Inc
Slide 20: Acquisition Q1 2019 CCP Building Products
ACQUISITION Q1 2019 CCP BUILDING PRODUCTS Quarrying and concrete products group with solid footprint in North West UK COMPANY PROFILE: SUMMARY CCP was Acquired in January 2019 for an initial cash consideration of £15.2m. CCP is part of SigmaPPG platform which specialises in precast products. Operati
Slide 21: Acquisition Q2 2019 Gerald D Harries
ACQUISITION Q2 2019 GERALD D HARRIES Leading quarrying, asphalt and concrete group in South Wales with soldi footprint COMPANY PROFILE: SUMMARY Leading quarrying, asphalt, concrete and contracting group in South Wales, with 17 operational sites and 80mt of reserves and resources. Operations: Operati
Slide 22: Three Platforms, Three Managing Directors
THREE PLATFORMS THREE MANAGING DIRECTORS Mike Osborne - MD Channel Islands Michael Roddy - MD SigmaPPG David McClelland - MD West/South West Platform includes: Ronez Jersey, Ronez Guernsey, Platform includes: Poundfield Products, Allen Concrete, Platform includes: GD Harries, Foel Fach SigmaGSY (Ship
Slide 23: A Focus on Northern Europe: Emmanuel Maes
A FOCUS ON NORTHERN EUROPE EMMANUEL MAES Former Group De Cloedt CEO joins the team with a focus on Northern Europe MANAGING DIRECTOR EUROPE Emmanuel Maes has joined SigmaRoc to help build a European footprint with a focus on countries around the North Sea: Background: Emmanuel holds degrees in law a
Slide 24: Disclaimer
DISCLAIMER The information contained in this presentation document (the “presentation”, which term includes any information provided verbally in connection with this presentation document) does not constitute an offer or solicitation to hold, sell or invest in any security and should not be consider
Slide 25: Questions & Answers
QUESTIONS & ANSWERS SigmaRoc plc Contact us: 7 - 9 Swallow Street, W1B 4DE London +44 207 129 78 28 ir@sigmaroc.com