Slide 1: Cementir Holding N.V. 2024 First Nine months results
Cementir Holding N.V. 2024 First Nine months results November 6th, 2024 Conference Call | Rome, 6 November 2024
Slide 2: Key takeaways
Key takeaways • The First nine months 2024 results are in line with management expectations, with increasing volumes and a decline in Revenue and EBITDA also due to FX headwind • Cement volumes (+0.6%), Ready mix (+4.5%) and aggregates (+4.9%) increased vs. 2023 • Revenues (-4.6%) and EBITDA (-9.3%)
Slide 3: 2024 First Nine Months highlights
2024 First Nine Months highlights Revenues reached 1,235.6 M€ (-4.6% yoy); non-GAAP* Revenues: 1,227.3 M€ (-4.8% yoy) FINANCIAL HIGHLIGHTS − Cement volumes increased by 0.6% due to the increase recorded in Türkiye, Malaysia and US, offsetting volume reductions in all other regions − RMC volumes up b
Slide 4: Nordic & Baltic
Nordic & Baltic ASSET OVERVIEW SHARE OF GROUP EBITDA DENMARK − Domestic cement volumes declined moderately, due to harsh weather conditions in Q1 2024, and a still stagnant market. Volumes improvement in Q3 thanks to cement supply for Fehmarn Belt (32) − RMC volumes were up 3% , while aggregates vol
Slide 5: Belgium and France
Belgium and France (*) ASSET OVERVIEW SHARE OF GROUP EBITDA BELGIUM AND FRANCE − Domestic cement volumes decreased moderately in 9M 2024 whereas construction market contracted by 6-7%; exports to France and the Netherlands declined more sharply due to the slowdown in construction activity, also infl
Slide 6: Türkiye
Türkiye ASSET OVERVIEW SHARE OF GROUP EBITDA TÜRKIYE − From April 2022 Türkiye is considered “hyperinflationary”. Reported figures are non-GAAP i.e. exclude the application of IAS 17% 29 and revaluation of non-industrial property − Domestic cement volumes increased by 9% thanks to significantly high
Slide 7: North America
North America ASSET OVERVIEW SHARE OF GROUP EBITDA UNITED STATES − White cement volume slightly up. Deliveries to Texas moderately improved, aided by better weather conditions and 7% effective commercial actions even if rainfall in the first quarter and fewer working days, and intense competition ar
Slide 8: Egypt
Egypt ASSET OVERVIEW SHARE OF GROUP EBITDA EGYPT − Domestic white cement volumes decreased by 6% due to a weak residential market and postponement of major public projects; 4% export volumes slightly up due to higher volumes to Europe, Africa and Middle East − Revenue in local currency was up by 28%
Slide 9: Asia Pacific
Asia Pacific ASSET OVERVIEW SHARE OF GROUP EBITDA CHINA − Revenue decreased by 19% , with volumes down by 14%, modest price reductions and CNY devaluation 5% − Volumes were affected by the real estate crisis, early-year low temperatures, heavy June rains, summer floods and longer national holidays −
Slide 10: Sustainability highlights
Sustainability highlights − Decarbonization commitment: 35.3 M€ investments in sustainability, mainly for kiln upgrade in Belgium, allowing alternative fuels usage to NON-FINANCIAL INDICATORS raise to >70% G rey cem ent 2020 2023 H1 2024 − Science Based Target initiative (SBTi) validated near and lo
Slide 11: 2024 Guidance – Confirmed
2024 Guidance – Confirmed FINANCIAL HIGHLIGHTS • Revenues ~ 1.7 BN€ (unchanged) • EBITDA ~ 385 M€ (unchanged) • Net cash ~ 300 M€ at constant perimeter (unchanged) • Capex ~ 135 M€ (unchanged) Guidance refers to like-for-like ongoing operations, non-GAAP, excluding extraordinary items The above guid
Slide 12: Appendix - Consolidated Income Statement – First Nine Months 2024
Appendix - Consolidated Income Statement – First Nine Months 2024 9M 2024 9M 2023 (EUR million) 9M 2024 9M 2023 Chg % Chg % ( N on- G A A P) * ( N on- G A A P) * REV EN U E F ROM SA LES A N D SERV ICES 1,235.6 1,295.0 ( 4.6%) 1,227.3 1,288.9 ( 4.8%) Change in inventories (4.4) 16.0 (127.6%) (0.9) 19
Slide 13: Appendix - Consolidated Income Statement – Third Quarter 2024
Appendix - Consolidated Income Statement – Third Quarter 2024 Q3 2024 Q3 2023 (EUR million) Q3 2024 Q3 2023 Chg % Chg % ( N on- G A A P) * ( N on- G A A P) * REV EN U E F ROM SA LES A N D SERV ICES 423.8 454.4 ( 6.7%) 423.9 420.7 0.8% Change in inventories (9.5) 9.9 (195.8%) (8.0) 9.9 (181.0%) Incre
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