Heidelberg Materials Ag · XETR:HEI
Heidelberg Materials — HeidelbergCement — Q1 2021 Earnings Presentation
15 slides from Heidelberg Materials's earnings presentation, May 5, 2021
Slide 1: Q1 2021 Trading Update
Q1 2021 Trading Update 5 May 2021 Dr. Dominik von Achten – CEO Dr. Lorenz Näger – CFO
Slide 2: Key Messages
Key Messages ▪ Sales volumes increase in all business lines and positive pricing lead to +4% LfL revenue growth ▪ LfL Operating EBITDA (+38%) and LfL Operating EBIT (+295%) growth in the quarter ▪ EBITDA margins significantly up in all regions ▪ Next portfolio move: AGG & RMC businesses in Greece ar
Slide 3: Strong improvement in all operational metrics
Q1 2021 OVERVIEW Strong improvement in all operational metrics Revenue (m€) Operating EBITDA (m€) Operating EBITDA Margin Operating EBIT (RCO) (m€) Lfl: +4% Lfl: +38% Lfl: +295% +330 bps +1% +33% +280% 3,930 3,958 538 13.6% 223 405 10.3% 59 Q1 2020 Q1 2021 3 Q1 2021 Trading Update | 5 May 2021
Slide 4: Margins significantly up in all regions
Q1 2021 OVERVIEW Margins significantly up in all regions North America Western & Southern Europe North & Eastern Europe – Central Asia +377 bps +416 bps +98 bps 9.4% 9.8% 10.8% 11.8% 5.6% 5.6% Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Asia Pacific Africa-Eastern Mediterranean Basin +284 bps +4
Slide 5: Operating EBITDA increases strongly in all regions
Q1 2021 OVERVIEW Operating EBITDA increases strongly in all regions Volumes Q1 20 Q1 21 Change LfL North America Cement sales volume (mt) 27.7 28.4 0.7 2.9% ▪ US: EBITDA and margin improvement in all regions Aggregates sales volume (mt) 60.1 61.3 1.2 2.0% despite weather related demand pressure in t
Slide 6: Record high Operating EBITDA achieved in the quarter
Q1 2021 OVERVIEW Record high Operating EBITDA achieved in the quarter Q1 Operating EBITDA Bridge (m€) +38.0% 86 541 -2 538 63 405 -13 392 Q1 2020 EBITDA Currency Q1 2020 Net volume Price over cost Q1 2021 Scope Q1 2021 EBITDA LfL EBITDA LfL EBITDA 6 Q1 2021 Trading Update | 5 May 2021
Slide 7: Profitability continues to increase
Q1 2021 OVERVIEW Profitability continues to increase Solid increase in profitability despite demand pressure Last 12 months EBITDA margin development Last 12 months revenue LfL Last 12 months EBITDA LfL 21.8% Dec 19 Mar 20 Jun-20 Sep-20 Dec 20 Mar 21 21.1% 20.9% +10.0% 19.8% 19.4% 100 19.0% -3.9% De
Slide 8: Beyond 2020 cash generation and allocation framework well on track
Q1 2021 OVERVIEW Beyond 2020 cash generation and allocation framework well on track Cash generation and cash allocation priorities: Commitment: • Leverage 1.5x to 2.0x Commitment: • BBB flat rating Progressive dividend ▪ Growth CapEx / Bolt-on M&A ▪ Share buyback Operating Disposals CapEx Net BBB Fl
Slide 9: All major countries with positive outlook for 2021
Q1 2021 OVERVIEW All major countries with positive outlook for 2021 U.S. Europe Order backlogs and economic conditions are generally solid or improved 750 billion EUR “Recovery Plan” will have a clear positive impact on in most of the markets. Demand growth expected. Recent leading infrastructure wo
Slide 10: Key Messages
Key Messages ▪ Sales volumes increase in all business lines and positive pricing lead to +4% LfL revenue growth ▪ LfL Operating EBITDA (+38%) and LfL Operating EBIT (+295%) growth in the quarter ▪ EBITDA margins significantly up in all regions ▪ Next portfolio move: AGG & RMC businesses in Greece ar
Slide 11: Appendix
HEIDELBERGCEMENT Appendix
Slide 12: Sales volumes and Operating Result
APPENDIX Sales volumes and Operating Result Sales Volumes Cement (‘000 t) Aggregates (‘000 t) Ready Mix (‘000 m3) Asphalt (‘000 t) QUARTER Q1 20 Q1 21 Change LfL Q1 20 Q1 21 Change LfL Q1 20 Q1 21 Change LfL Q1 20 Q1 21 Change LfL North America 3,260 3,089 -172 -5.3% 22,514 23,132 618 2.7% 1,649 1,6
Slide 13: Scope and currency impacts
APPENDIX Scope and currency impacts Scope & Currency Scope Impact on Volumes Revenue Operating EBITDA Operating EBIT (RCO) QUARTER CEM AGG RMC ASP Scope Currency Scope Currency Scope Currency North America 0 0 0 0 0 -71 0 -4 0 3 West / South Europe 0 0 0 0 -6 -4 -1 0 0 0 North / East Europe 0 0 0 0
Slide 14: Contact information and financial reporting calendar
FINANCIAL CALENDAR Contact information and financial reporting calendar Date Event Contact Information 29 July 2021 Half Year Results Christoph Beumelburg Director Group Communication & IR 4 November 2021 Third Quarter Results Phone: +49 (0) 6221 481 13249 christoph.beumelburg@heidelbergcement.com O
Slide 15: Disclaimer
Disclaimer Unless otherwise indicated, the financial information provided herein has been prepared credit business and, in particular, additional uncertainties arising out of the subprime, under International Financial Reporting Standards (IFRS). financial market and liquidity crises; the outcome of