Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — H1 2025 Earnings Presentation
16 slides from Cementir's earnings presentation, Jul 29, 2025
Slide 1: 2025 First Half Results
2025 First Half Results Conference Call Presentation ROME, 29 JULY 2025
Slide 2: Key takeaways
Key takeaways First Half 2025 Results are in line with management expectations, with overall cement sales volumes stable, albeit accelerating in Q2 as far as cement and aggregates are concerned, slightly higher revenues and lower EBITDA compared to H1 2024, mainly due to negative currency impact and
Slide 3: 2025 First Half results highlights
2025 First Half results highlights Revenue reached 796.7 M€ (-1.9% yoy); non-GAAP* Revenue reached 807.1 M€ (+0.5% yoy) Financial Highlights – Non GAAP* • Higher revenue in Nordic & Baltic, Türkiye and Malaysia, FX headwinds in Türkiye and Egypt, lower revenue in all other regions • Cement volumes b
Slide 4: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group Ebitda DENMARK • Grey domestic cement volumes were slightly down vs H1 2024, more marked decline for white domestic cement with 48% still weak residential sector. Exports increased by 7% mainly (33) due to higher deliveries to Norway and Iceland (22) • R
Slide 5: Belgium and France
Belgium and France* Asset overview Share of Group Ebitda BELGIUM AND FRANCE • Domestic cement volumes declined by ˜8% in the first half 27% due to persistently weak demand; exports fell by ˜7% even if showing an improvement over Q1 25, due to the slowdown in construction activity in Northern France
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 12% application of IAS 29 and revaluation of non-industrial (x4) property (x6) • Domestic cement volumes rose by ˜5% with a strong rebound
Slide 7: North America
North America Asset overview Share of Group Ebitda UNITED STATES • White cement volume declined by ˜3%, with 7% improvement in Q2 • The residential market remains under pressure due to high mortgage rates, amid persistent inflation • Texas saw the sharpest decline, impacted by adverse weather and su
Slide 8: Asia Pacific
Asia Pacific Asset overview Share of Group Ebitda CHINA • Revenue decreased by 11.5% due to lower selling prices in a context of stagnant demand and delayed effects from 4% government stimulus measures • EBITDA dropped by 31.9%, affected by weaker prices despite only a slight decrease in volumes • 1
Slide 9: Egypt
Egypt Asset overview Share of Group Ebitda EGYPT • Revenue declined by ˜11% mainly due to the 23% depreciation of the Egyptian pound, despite a 9% increase 3% in local currency revenue • White cement volumes declined ˜2%, impacted by a weak second quarter, mainly due to lower exports linked to the p
Slide 10: Non-financial highlights
Non-financial highlights NON-FINANCIAL INDICATORS Grey cement 2020 2024 H1 2025 CO2 emissions (kg CO2 /ton cement) 718 632 616 • Decarbonization commitment continues: Clinker ratio 82% 77% 76% • CO2 emissions per ton of grey cement down 3% to 616 kg Alternative fuel use (%) 28% 34% 37% • CO2 emissio
Slide 11: 2025 Guidance – Confirmed
2025 Guidance – Confirmed REVENUE (€ BN) EBITDA (€ M) NET CASH (€ M) Revenue ~ 1.75 BN€ +6% 1.65 1.75 +3% +120 M€ EBITDA ~ 415 M€ 404 415 410 290 Net cash ~ 410 M€ 2024 2025 2024 2025 2024 2025 Capex ~ 98 M€ Actual Guidance Actual Guidance Actual Guidance Guidance refers to like-for-like ongoing ope
Slide 12: Appendix
02 Appendix GREEN BELT BRIDGE, DENMARK
Slide 13: Consolidated Income Statement – First Half 2025
Appendix – Consolidated Income Statement – First Half 2025 H1 2025 H1 2024 (EUR million) H1 2025 H1 2024 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 796.7 811.8 (1.9%) 807.1 803.3 0.5% Change in inventories (4.1) 5.0 (182.0%) (2.8) 7.1 (138.9%) Increase for internal work and
Slide 14: Consolidated Income Statement – Q2 2025
Appendix – Consolidated Income Statement – Q2 2025 Q2 2025 Q2 2024 (EUR million) Q2 2025 Q2 2024 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 428.6 443.6 (3.4%) 436.5 436.2 0.1% Change in inventories (1.9) 0.5 (515.5%) (1.4) 1.9 (173.9%) Increase for internal work and other in
Slide 15: 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 “Company”) for the sole purpose described herein. In no case may it or any other Investor Relations: statement (oral or otherwise) made at any time in connection herew
Slide 16: Q&A
7~ © cementirholding Q&A