Cementir Holding N.v. · MIL:CEM
Cementir — H1 2020 Earnings Presentation
14 slides from Cementir's earnings presentation, Jul 28, 2020
Slide 1: Cementir Holding N.V. 2020 First Half results
Cementir Holding N.V. 2020 First Half results July 28th, 2020 Conference call | Rome, 28 July 2020
Slide 2: 2020 First Half results highlights
2020 First Half results highlights • Revenues reached 570.4 M€ (-3.6%) due to Covid19 impact especially in Belgium, France, Malaysia and Norway. − Cement volumes sold were up by 6.3% thanks to a 40% increase in Turkey • EBITDA reached 97.8 M€ (-11.2%) despite a 5.6 M€ one- off impact from settlement
Slide 3: How we dealt with Covid-19 pandemic
How we dealt with Covid-19 pandemic Following the Covid-19 outbreak, the following actions have been undertaken: ➢ Priority assigned to health and safety (social distancing, turnover, smart working) ➢ Focus on cash preservation, with particular focus on: ― Trade Receivables ― Inventory levels ― Cash
Slide 4: Main Impact of Covid-19 on our business in H1
Main Impact of Covid-19 on our business in H1 ➢ Plant closures in China (24 January to 21 February) and Malaysia (18 March to 17 April). Other plants have witnessed temporary activity slowdowns. ➢ By region, the evolution has been as follows: − Nordic & Baltic: activity levels remained broadly in li
Slide 5: Nordic & Baltic
Nordic & Baltic • Denmark − Domestic cement volumes up by 8% due to increased market activity 44% and favourable weather conditions − White cement exports slightly down for timing differences in US 69% shipments and lower volumes to UK and France; grey cement exports declined due to Covid19 Share of
Slide 6: Belgium and France
Belgium and France (1) 24% • Belgium 19% • France Share of Share of Group Revenue Group Ebitda H1 2020 H1 2020 − Grey cement and clinker volumes were down by 10%, with a drop of 30% in March, April and May caused by Covid19. June volumes increased by 7%. Prices up in line with inflation − RMC volume
Slide 7: North America
North America 10% 12% Share of Share of Group Revenue Group Ebitda H1 2020 H1 2020 • United States − White cement sales volumes declined by 4.7% especially in April and May, due to Covid19. Lower sales in Florida and some EUR '000 H1 2020 H1 2019 Chg % delays in relevant projects, with average price
Slide 8: Asia Pacific
Asia Pacific • China 8% 6% − White cement and clinker sales volumes declined by 10% due to plant shutdown between January 24th and February 21st − Sales prices in local currency rose also due to favorable mix despite tough competition − EBITDA up by 11% thanks to higher sales prices and lower fuel a
Slide 9: Turkey
Turkey (1) -9% 9% • Turkey − Grey cement volumes increased by around 40%, with domestic Share of Share of sales volumes up 25% driven by infrastructural projects near Group Revenue Group Ebitda Elazig and new projects in Trakya and Kars. Exports nearly H1 2020 H1 2020 doubled thanks to new markets o
Slide 10: Egypt
Egypt 4% 3% Share of Group Revenue Share of Group Ebitda • Egypt H1 2020 H1 2020 − White cement domestic volumes declined by 10% due to Government curfew. Significant recovery in June. Domestic prices in line with inflation − White export volumes increased by 13% to all destinations with EUR '000 H1
Slide 11: Italy
Italy 7% -6% Share of Share of Group Revenue Group Ebitda H1 2020 H1 2020 • Italy − Revenue increase thanks to higher trading volumes at Spartan EUR '000 H1 2020 H1 2019 Chg % Hive, which recorded a revenue increase of 75% Revenue 45,210 32,401 39.5% − EBITDA dropped to -5.9 M€ (3.4 M€ in H1 2019) a
Slide 12: Consolidated Income Statement
Consolidated Income Statement (EUR million) H1 2020 H1 2019 Chg % REVENUE FROM SALES AND SERVICES 570.4 591.9 (3.6%) Change in inventories (5.3) 4.7 (211.1%) Other revenue 7.4 7.5 (1.7%) TOTAL OPERATING REVENUE 572.5 604.2 (5.2%) Raw materials costs (217.5) (231.5) (6.1%) Personnel costs (95.2) (96.
Slide 13: 2020 Full Year Guidance
2020 Full Year Guidance • Revenues ~ Eur 1,2 BN • EBITDA ~ Eur 230-240 M • NFP ~ Eur 180 M • Capex ~ Eur 60 M This forward-looking indication does not include new outbreaks of the Covid 19 pandemic in the coming months. The foregoing exclusively reflects the point of view of the company's management
Slide 14: 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