Slide 1: Q1 2023 Trading Update
Dr. Dominik von Achten – Group CEO René Aldach – Group CFO
Slide 2: Key messages Q1 2023
Key messages Q1 2023 • Good start into 2023 with strong growth in all operational KPIs • Revenue +13%*; RCO 168 €m above prior year • Improving balance between pricing and cost inflation leads to solid RCO growth • Margin partly recovering towards 2021 level • Accelerating on sustainable growth thro
Slide 3: Q1 operational overview
Operational result Q1 operational overview Revenue [€m] Operating EBITDA [€m] Operating EBITDA Margin Operating EBIT (RCO) [€m] +938 +469 +36 +168 LfL: LfL: +18 +163 -224 bps +247 bps LfL: LfL: +27% +13% LfL: LfL: +26% +256% +7% +49% 4,896 538 557 13.6% 258 4,427 223 3,958 11.4% 394 8.9% 91 Q1 2021
Slide 4: Q1 Operating EBIT (RCO) bridge
Operational result Q1 Operating EBIT (RCO) bridge [€m] +187 €m 5 260 -2 258 249 91 -18 73 -66 Q1 2022 RCO Currency Q1 2022 Net volume Price Depreciation Q1 2023 Scope Q1 2023 RCO LfL RCO over cost LfL RCO 4 10.05.2023 Q1 2023 Trading Update | Dr. Dominik von Achten, René Aldach
Slide 5: North America
Operational result North America Q1 Q1 Q1 2021 2022 2023 +232 +71 +884 bps LfL: +25% LfL: N/A 1,030 4 0.4% 849 798 -3 -0.4% -67 -8.4% Revenue [€m] RCO [€m] RCO Margin • Positive volume development in all business lines • Solid pricing and demand increase drives revenue growth and positive result dev
Slide 6: Western & Southern Europe
Operational result Western & Southern Europe Q1 Q1 Q1 2021 2022 2023 +117 +118 +761 bps LfL: +10% LfL: N/A 1,446 1,564 111 7.1% 1,236 28 2.2% -7 -0.5% Revenue [€m] RCO [€m] RCO Margin • Volumes below prior year in all business lines, driven by slow residential sector • Price over cost continues to b
Slide 7: Northern & Eastern Europe - Central Asia
Operational result Northern & Eastern Europe - Central Asia Q1 Q1 Q1 2021 2022 2023 +95 +11 LfL: +16% LfL: +73% +126 bps 776 21 22 3.6% 682 571 2.9% 11 1.6% Revenue [€m] RCO [€m] RCO Margin • Ongoing lower demand in most countries • Revenue and RCO improvement driven by combination of good price inc
Slide 8: Asia - Pacific
Operational result Asia - Pacific Q1 Q1 Q1 2021 2022 2023 +100 LfL: +14% +15 LfL: +31% +95 bps 937 99 12.9% 767 837 67 52 6.2% 7.2% Revenue [€m] RCO [€m] RCO Margin • Solid increase in region RCO • Positive price over cost driven by price increases and moderating energy prices • Australia, Indonesia
Slide 9: Africa – Eastern Mediterranean Basin
Operational result Africa – Eastern Mediterranean Basin Q1 Q1 Q1 2021 2022 2023 -37 -20 LfL: +11% LfL: -5% -265 bps 527 490 105 20.0% 19.9% 444 89 85 17.3% Revenue [€m] RCO [€m] RCO Margin • LfL revenue increases +11%, despite a difficult comparison base driven by very strong demand in prior year •
Slide 10: Sustainability highlights
Sustainability highlights We are executing on our decarbonization strategy - significant progress on all levels: • SBTi validated our ambitious 2030 climate targets as compliant with the Paris 1.5°C target • Several CCUS projects getting closer to their start-up dates: Brevik CCS 2024, Lengfurt CCU
Slide 11: Strengthening SCM footprint in the U.S.
Sustainability Strengthening SCM* footprint in the U.S. − Agreement to acquire The SEFA Group, Inc., the largest recycler of fly ash for use in concrete products in the U.S. − Immediate sustainable EBITDA contribution − The SEFA Group currently supplies quality fly ash to more than 800 concrete plan
Slide 12: Portfolio optimization moves towards sustainable growth
Strategy Portfolio optimization moves towards sustainable growth Acquisitions Disposals UK Germany Spain Germany Acquisition of Mick Acquisition of RWG I Disposal of parts of Acquisition of George1 (Recycling) (Recycling) Spain2 (apart North) SER Group (Recycling) US Pacific NW Acquisition of Corlis
Slide 13: Guidance upgraded
Business outlook & key takeaways Guidance upgraded Business outlook 2023 Guidance 2023 Increase in infrastructure projects and LfL revenue growth* parts of non-residential expected to largely offset slowdown in residential RCO between 2.50-2.65 €bn sector (previously: between 2.35-2.65 €bn) Continuo
Slide 14: Key messages Q1 2023
Key messages Q1 2023 • Good start into 2023 with strong growth in all operational KPIs • Revenue +13%*; RCO 168 €m above prior year • Improving balance between pricing and cost inflation leads to solid RCO growth • Margin partly recovering towards 2021 level • Accelerating on sustainable growth: CEM
Slide 15: Appendix
Appendix way Heidelberg se
Slide 16: Operating result
Appendix Operating result Operating Result Revenue Operating EBITDA Operating EBITDA Margin Operating EBIT (RCO) Quarter [€m] Q1 22 Q1 23 Change LfL Q1 22 Q1 23 Change LfL Q1 22 Q1 23 Change LfL Q1 22 Q1 23 Change LfL North America 798 1,030 29.1% 24.7% 7 76 973.6% 930.2% 0.9% 7.4% +651 bps +646 bps
Slide 17: Financial Calendar & IR Contacts
Financial Calendar & IR Contacts • 11 May 2023: Annual General Meeting • 27 July 2023: Half Year Results • 03 November 2023: Q3 Trading Update Christoph Beumelburg Group Director COM & IR / +49 6221 48113249 Ozan Kacar Head of Investor Relations / +49 6221 48113925 Katharina Forster Senior Manager I
Slide 18: Disclaimer
Disclaimer •Unless otherwise indicated, the financial information provided herein has been prepared under International Financial Reporting Standards (IFRS). All the figures included in this presentation are preliminary, unaudited and subject to revision upon completion of the Company's closing and