H+h International A/s · OMXCOP:HH

H+h International A/s — Merger or Acquisition (December 2017)

8 slides from H+h International A/s's merger presentation, Dec 15, 2017

  1. Slide 1: H+H acquires HeidelbergCement's calcium silicate unit business in Germany and Switzerland

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017

  2. Slide 2: H+H acquires calcium silicate lime business in Germany and Switzerland

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 2 H+H acquires calcium silicate lime business in Germany and Switzerland • H+H International A/S and H+H Deutschland GmbH buys HeidelbergCement’s German and Swiss CSU business • Purchase price

  3. Slide 3: Financing of the deal

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 3 Financing of the deal • The purchase price will be settled in cash at closing • Long-term supply agreement of sand in place • Danske Bank A/S has committed to finance the transaction • During

  4. Slide 4: Strategic rationale

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 4 Strategic rationale • Create a more balanced geographical footprint • Expand the product offering, mainly within residential high-rise, becoming the second largest European player within CSU

  5. Slide 5: Product

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 5 Product • Calcium silicate units (CSU) is a building block / element made of sand, lime and water • The blocks are pressed together and then autoclaved for 8 hours at around 200 °C • Sound in

  6. Slide 6: Market

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 6 Market • The market in Germany is approx. 3,600 tm3 distributed over approximately 60 factories • Top three players hold approx. 50% of the market • Main competitors are Sika (Xella) and Unik

  7. Slide 7: HDKS

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 7 HDKS • HDKS is a carve-out of HeidelbergCement AG of their fully-owned subsidiaries within the CSU business • HDKS is the second largest producer of CSU in Germany and operates eight factorie

  8. Slide 8: Financial impact

    H+H acquires HeidelbergCement’s calcium silicate unit business in Germany and Switzerland 15 December 2017 8 Financial impact • No changes to outlook 2017 • Limited investments needed to support the acquisition • Transaction costs – including a special transfer tax on real estate – of approx. DKK 25

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