Imerys Sa · EURONEXT:NK
Imerys Sa — Imerys Sa Ord — Q1 2025 Earnings Presentation
23 slides from Imerys Sa's earnings presentation, Apr 28, 2025
Slide 1: 2025 First Quarter Results
2025 First Quarter Results April 28, 2025 Alessandro Dazza - Chief Executive Officer Sébastien Rouge - Chief Financial Officer April 30, 2024 | Imerys Q1 2024 Results
Slide 2: Disclaimer
Disclaimer More comprehensive information about Imerys may be obtained on its website (www.imerys.com), under Regulated Information, including its Universal Registration Document filed under No. D.25-0161 on March 26, 2025 with Autorité des Marchés Financiers. Imerys draws the attention of investors
Slide 3: Imerys Highlights Financial Results Outlook
Imerys Financial Highlights Outlook Results 3 April 28, 2025| Imerys 2025 First Quarter Results
Slide 4: Highlights
Imerys Financial Highlights Outlook Results 4 April 28, 2025| Imerys 2025 First Quarter Results
Slide 5: First quarter 2025 - Highlights
First quarter 2025 - Highlights(1) Revenue Adjusted EBITDA Sustainability €871 million €128 million Constant commitment ● First quarter 2025 revenue at €871 ● Adjusted EBITDA at €128 million ● First Biodiversity Report published million, +0.7% growth at constant scope and exchange rate vs Q1 ● Benefi
Slide 6: Q1 2025 - Fourth consecutive quarter of organic growth
Q1 2025 - Fourth consecutive quarter of organic growth Revenue (in € million) +0.7% organic ● +0.7% organic growth in sales in Q1 2025 vs 910 growth Q1 2024, driven by: 858 ○ Resilient volumes: -0.7% ○ Rising prices: +1.4% Perimeter effect Group sales 6 April 28, 2025| Imerys 2025 First Quarter Resu
Slide 7: Robust business model, positive price-cost balance maintained
Robust business model, positive price-cost balance maintained Adjusted EBITDA (in € million) Change in pricing and costs vs prior year (in € million) 188 128 ● Perimeter effect mainly +30 +6 attributable to the divestiture of the assets serving the paper market in July 2024 ● Deterioration in contri
Slide 8: End-markets Q1 2025 and trends 2025 (1/3)
End-markets Q1 2025 and trends 2025 (1/3) Construction(1) Globally, FY25 forecast reduced. Limited direct impact from US tariffs, however Construction investments delayed following widespread uncertainty Q3-24 vs Q4-24 vs Q1-25 vs ● Europe: Infrastructure down, due to shift from spending to deficit re
Slide 9: End-markets Q1 2025 and trends 2025 (2/3)
End-markets Q1 2025 and trends 2025 (2/3) Negative outlook for 2025 maintained, with production suffering from tariff Automotive Light vehicle production (1) measures ● Europe: Decreasing production; tariffs further weakening exports, adding to Q3-24 vs Q4-24 vs Q1-25 vs Q3-23 Q4-23 Q1-24 pressure from
Slide 10: End-markets Q1 2025 and trends 2025 (3/3)
End-markets Q1 2025 and trends 2025 (3/3) Industrial production (1) Industry & Q3-24 vs Q4-24 vs Q1-25 vs ● Europe: Further decrease in industrial production, no rebound expected Equipment Q3-23 Q4-23 Q1-24 before second part of 2025 Europe -2% -2% -1% ● US: Industry expected to suffer from supply ch
Slide 11: Publication of our first Biodiversity report
Publication of our first Biodiversity report* Our 2024 achievements Our commitments ● Management of the impact of our 100% of our operational sites have completed an operations and implementation ecological atlas of a Biodiversity improvement plan 65% 2024 Results of our 20 priority sites have been a
Slide 12: Financial Results
Imerys Financial Highlights Outlook Results 12 April 28, 2025| Imerys 2025 First Quarter Results
Slide 13: Sales variances Q1 2025
Sales variances Q1 2025 (€m) -7.4% +0.7% -0.7% +1.4% -6.0% Reported -68 926 +6 -6 +12 871 Organic variation: +0.7% 2024 Q1 Perimeter Currencies Volumes Price 2025 Q1 revenue revenue 13 April 28, 2025| Imerys 2025 First Quarter Results
Slide 14: Performance Minerals
Performance Minerals Consolidated amount Q1 2024 Q1 2025 Like-for-like change (€ million) Revenue Americas 259 222 +2.3% Revenue Europe, Middle East and Africa and Asia-Pacific 353 318 +0% Eliminations (32) (18) - Total revenue 579 522 +1.2% ● Performance Minerals Americas: ○ Solid performance suppor
Slide 15: Solutions for Refractory, Abrasives & Construction
Solutions for Refractory, Abrasives & Construction Consolidated amount Q1 2024 Q1 2025 Like-for-like change (€ million) Revenue Refractory, Abrasives & Construction 300 289 -3.9% ● Low sales to the refractory market ○ severely impacted by weak industrial activity in Europe, and ○ heightened competit
Slide 16: Solutions for Energy Transition
Solutions for Energy Transition Consolidated amount Q1 2024 Q1 2025 Like-for-like change (€ million) Revenue Graphite & Carbon 49 61 +22.5% ● Graphite & Carbon: ○ Strong sales recovery since Q3 2024 ○ Driven by strong end markets (electric vehicles and conductive polymers), market share gains and ne
Slide 17: Adjusted EBITDA variances Q1 2025
Adjusted EBITDA variances Q1 2025 (€m) 188 -51 +3 -2 +15 -13 -16 +5 128 + €3 million 20.2% Adjusted EBITDA margin 14.7% Q1 2024 Perimeter Currencies Volumes Price Variable Fixed Share in net Q1 2025 Adjusted costs costs and income of Adjusted EBITDA overheads associates EBITDA 17 April 28, 2025| Ime
Slide 18: Current profitability metrics
Current profitability metrics (€m) Q1 2024 Q1 2025 Change Adjusted EBITDA 188 128 -31.9% Current operating income 123 56 -54.3% Current financial expenses (16) (15) - Current income tax (24) (11) - Minority interests (1) 0 - Current net income, Group share 83 31 -62.8% Other operating income and expen
Slide 19: Outlook
Imerys Financial Highlights Outlook Results 19 April 28, 2025| Imerys 2025 First Quarter Results
Slide 20: Outlook
Outlook ● Thanks to its widespread industrial network, and minimal products flows between regions across the world, Imerys expects the direct impact of new or increased tariffs to be very limited, based on information available at the time of this press release. ● The upcoming quarters present uncha
Slide 21: Appendix
Imerys APPENDIX 21 April 28, 2025| Imerys 2025 First Quarter Results
Slide 22: Glossary
Glossary Alternative Performance Definitions and reconciliation to IFRS indicators Measures Growth at constant scope and • Calculated by stripping out the impact of currency fluctuations as well as acquisitions and disposals (scope effect). exchange rates (also called • Restatement of the currency effec
Slide 23: Thank you for your attention
Thank you for your attention Visit www.imerys.com for more information Or connect with us: www.linkedin.com/company/imerys/ 23 April 28, 2025| Imerys 2025 First Quarter Results