Amrize Ltd · NYSE:AMRZ
Amrize — Q3 2021 Earnings Presentation
25 slides from Amrize's earnings presentation, Oct 29, 2021
Slide 1: Q3 2021 Trading Update
High Line Park and skyscrapers of Hudson Yards, New York City Q3 2021 TRADING UPDATE JAN JENISCH | CEO GÉRALDINE PICAUD | CFO OCTOBER 29, 2021
Slide 2: Highlights and Key Developments
01. HIGHLIGHTS AND KEY DEVELOPMENTS JAN JENISCH | CHIEF EXECUTIVE OFFICER Gasholders Renovation, King's Cross, London
Slide 3: Q3 & 9M 2021 Key Developments
Q3 & 9M 2021 KEY DEVELOPMENTS PROFITABLE GROWTH CONTINUES, RECORD Q3 Good momentum continues, strong price trends 9M Net Sales up12.2% LFL Q3 Net Sales up 5.0% LFL, 9M Recurring EBIT up 35.2% LFL absolute growth of 12.9% in CHF Progress with expansion of Q3 Recurring EBIT up 4.7% LFL, Solutions & Pr
Slide 4: M&A Transactions Update
M&A TRANSACTIONS UPDATE FIRESTONE ACQUISITION CLOSED, 9 BOLT-ONS & 3 DIVESTMENTS Xtree Firestone France USA 20% stake in large Roofing systems scale 3D printing Beton Mobile Buhler Canada / Montreal Switzerland RMX AGG Utelite Polcalc USA/ Utah Poland AGG Granulated Calcium Carbonate Edile Cemex Com
Slide 5: Progress with Expansion of Solutions & Products
PROGRESS WITH EXPANSION OF SOLUTIONS & PRODUCTS FIRESTONE WITH DOUBLE DIGIT NET SALES GROWTH IN 2021 1 Q3 NET SALES BY SEGMENT (%) 2020 2021 Ready-Mix Solutions & Ready-Mix 20% Products 19% Solutions & 9% Aggregates Products 16% Aggregates 12% 12% 59% 54% Cement Cement 1 Net Sales to external custom
Slide 6: At the Forefront of Innovative and Sustainable Building Solutions
AT THE FOREFRONT OF INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS FURTHER STRENGTHENING OUR LEADERSHIP Holcim achieved Upgraded ESG rating of ‘A’ Nature-positive People Strategy Top 18% ranking within Strategy launched with launched with commitment to create measurable 2030 biodiversity and water CH
Slide 7: Global Roll Out of ECOPact and ECOPlanet Accelerating
AT THE FOREFRONT OF INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS GLOBAL ROLL OUT OF ECOPACT & ECOPLANET ACCELERATING THE GREEN CONCRETE THE GREEN CEMENT Launched in Launched in 24 11 markets markets 7
Slide 8: Financial Highlights
H1 2021 Generali tower in Milan 02. FINANCIAL HIGHLIGHTS GÉRALDINEPICAUD GÉRALDINE PICAUD| CHIEF | CHIEF FINANCIAL FINANCIAL OFFICER OFFICER
Slide 9: Q3 2021 Volumes Development
Q3 2021 VOLUMES DEVELOPMENT GROWTH IN AGGREGATES AND READY-MIX CONCRETE -3% LFL -1% +1% m ton GROUP -0% m m3 vs 2020 +0% 12.8 30.8 5.1 +1% CEM AGG RMX +1% 6.0 35.6 3.1 -3% Europe -2% CEM AGG RMX North America -3% +13% +2% +14% +2% 9.3 1.2 1.0 +9% CEM AGG RMX 15.9 9.0 2.0 Middle East CEM AGG RMX 51.0
Slide 10: Q3 2021 Net Sales Bridge
Q3 2021 NET SALES BRIDGE NET SALES UP 5.0% LFL, ABSOLUTE GROWTH OF 12.9% IN CHF +5.0% LFL -18 7’286 +325 6’455 +524 Q3 2020 Scope LFL FX Q3 2021 +12.9% CHF m 10
Slide 11: Q3 2021 Recurring EBIT Bridge
Q3 2021 RECURRING EBIT BRIDGE RECURRING EBIT UP 4.7% LFL, ABSOLUTE GROWTH OF 6.2% IN CHF +4.7% LFL +15 -29 -26 1’534 +105 -23 1’445 +47 Q3 2020 Scope Volume Price over cost JVs contribution Depreciation FX Q3 2021 +6.2% CHF m 11
Slide 12: 9M 2021 Recurring EBIT Bridge
9M 2021 RECURRING EBIT BRIDGE RECURRING EBIT GROWTH OF 35.2% LFL +35.2% LFL -5 +12 -160 3’516 +359 +564 2’639 +108 9M 2020 Scope Volume Price over cost JVs contribution Depreciation FX 9M 2021 +33.3% CHF m 12
Slide 13: 9M 2021 Net Sales and Recurring EBIT by Segment
9M 2021 NET SALES AND RECURRING EBIT BY SEGMENT MARGIN IMPROVEMENT ACROSS ALL BUSINESSES CEMENT AGGREGATES RMX SOLUTIONS & PRODUCTS 1 CHF m 12’203 3’018 3’846 2’566 Net Sales +14.8% LFL +5.9% LFL +10.0% LFL +8.4% LFL Recurring EBITDA 3’804 672 201 254 after leases +21.3% LFL +20.1% LFL +103.2% LFL +
Slide 14: 9M 2021 Regional Performance
9M 2021 REGIONAL PERFORMANCE MARGIN IMPROVEMENT ACROSS ALL REGIONS +9.9% +2.3% +17.8% +3,6% +13.6% +36.2% +14.7% +52.4% +25.4% +46.7% +35.6% 5’275 948 1’944 663 6’043 883 1’815 299 4’402 1’020 North America Latin America Europe Middle East Africa Asia Pacific +0.3pp +3.2pp +1.6pp +2.3pp +3.1pp NET S
Slide 15: North America: Profitable Growth Continues
NORTH AMERICA PROFITABLE GROWTH CONTINUES Maggie Daley Park, Chicago Q3 2021 9M 2021 CHF m Net Sales1 2’291 5’275 +3.4% LFL +2.3% LFL Recurring EBIT 568 948 +5.9% LFL +14.7% LFL 1 Net Sales to external customers → Solid trends in the US, ability to deliver impacted by supply chain constraints in som
Slide 16: Latin America: Recurring EBIT Margin Expansion in Q3
LATIN AMERICA RECURRING EBIT MARGIN EXPANSION IN Q3 Q3 2021 9M 2021 CHF m Net Sales1 675 1’944 +16.3% LFL +36.2% LFL Recurring EBIT 238 663 +19.0% LFL +52.4% LFL 1 Net Sales to external customers → Significant volumes growth in all business segments → Strong demand in Mexico and Argentina, recovery
Slide 17: Europe: Strong Ability to Offset Cost Inflation
EUROPE STRONG ABILITY TO OFFSET COST INFLATION Q3 2021 9M 2021 CHF m Net Sales1 2’156 6’043 +2.8% LFL +9.9% LFL Recurring EBIT 414 883 +1.5% LFL +25.4% LFL 1 Net Sales to external customers → Good demand growth across key markets in Europe → Strong volumes in Eastern Europe → Solid trends continued
Slide 18: Middle East Africa: Solid Performance in the Quarter
MIDDLE EAST AFRICA SOLID PERFORMANCE IN THE QUARTER Central Bank of Iraq building Q3 2021 9M 2021 CHF m Net Sales1 653 1’815 +10.7% LFL +13.6% LFL Recurring EBIT2 102 299 +8.0% LFL +46.7% LFL 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 50 m in 9M 2021 vs.
Slide 19: Asia Pacific: Resilience to Mitigate Cost Inflation
ASIA PACIFIC RESILIENCE TO MITIGATE COST INFLATION Q3 2021 9M 2021 CHF m Net Sales1 1’404 4’402 +3.1% LFL +17.8% LFL Recurring EBIT2 307 1’020 -6.0% LFL +35.6% LFL 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 257 m in 9M 2021 vs. CHF 276 m in 9M 2020 → Soli
Slide 20: Outlook and Guidance 2021
H1 2021 03. OUTLOOK AND GUIDANCE 2021 JAN JENISCH | CHIEF EXECUTIVE OFFICER JAN JENISCH | CHIEF EXECUTIVE OFFICER JAN JENISCH | CHIEF EXECUTIVE OFFICER Cepovett head office, France
Slide 21: Outlook and Targets 2021: Guidance Upgraded
OUTLOOK AND TARGETS 2021 GROWTH TRENDS CONTINUE, GUIDANCE UPGRADED Growth momentum continues in all regions Firestone with double digit Net Sales growth Accelerated progress towards 2030 sustainability targets Over-proportional growth in recurring EBIT of at least 22% LFL (from at least 18% LFL prev
Slide 22: Strategy 2022 Targets to Be Achieved One Year in Advance
STRATEGY 2022 TARGETS TO BE ACHIEVED ONE YEAR IN ADVANCE STRATEGY 2022 2021 OUTLOOK NET SALES 3%-5% LFL P.A. RECURRING EBIT AT LEAST 7% LFL P.A. CASH CONVERSION > 40% ROIC > 8% LEVERAGE BELOW 2x 22
Slide 23: Upcoming Events
UPCOMING EVENTS NOVEMBER 18, 2021 Capital Markets Day FEBRUARY 25, 2022 Full-Year 2021 Results APRIL 22, 2022 Q1 2022 Trading Update JULY 27, 2022 Half-Year 2022 Results 23
Slide 24: Disclaimer
DISCLAIMER These materials are being provided to you on a confidential basis, may not be distributed to the press or to any other persons, may not be redistributed or passed on, directly or indirectly, to any person, or published or reproduced, in whole or in part, by any medium or for any purpose.
Slide 25: Holcim
HOLCIM