Vicat Sa · EURONEXT:VCT
Vicat Sa — Q1 2020 Earnings Presentation
16 slides from Vicat Sa's earnings presentation, May 6, 2020
Slide 1: Q1 sales
Wednesday 6 May 2020 2020 Q1 sales Hugues Chomel Chief Financial Officer Stéphane Bisseuil Investor Relations Officer
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets. These statements are by their nature subject to risks and uncertainties as describe
Slide 3: Q1 2020 Highlights
Q1 2020 Highlights Sales at €615 million up +2.6% (+0.2%) at constant scope and Limited impact from Covid-19 exchange rates over the quarter as a whole, but significant effects in France, Italy and India at the Positive price trends end of the period overall -3-
Slide 4: Analysis by region: France
Analysis by region France Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 211 225 -6.5% -8.0% Start to the year with strong trends Cement, operational sales down -2.7% under favourable macroeconomic and Volumes > -6% lower over the period
Slide 5: Analysis by region: Europe: Switzerland and Italy
Analysis by region Europe: Switzerland and Italy Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 86 75 +14.7% +7.4% SWITZERLAND In Precast, operational sales fell -2.6% Consolidated sales up +9.1% Stiff competition in standardised product
Slide 6: Analysis by region: Americas: United States and Brazil
Analysis by region Americas: United States and Brazil Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 134 115 +16.6% +11.4% UNITED-STATES BRAZIL Consolidated sales up +11.2% Consolidated sales at €30 million, up +11.9% Macroeconomic and s
Slide 7: Analysis by region: Asia: India and Kazakhstan
Analysis by region Asia: India and Kazakhstan Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 81 90 -10.3% -10.5% INDIA KAZAKHSTAN Consolidated sales of €69 million: -15.1% Consolidated sales of €12 million, up +32.1% Small increase in vo
Slide 8: Analysis by region: Mediterranean: Turkey and Egypt
Analysis by region Mediterranean: Turkey and Egypt Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 33 34 -1.1% +0.6% TURKEY EGYPT Sales at €21 million, down -1.4% Sales totalled €12.2 million, up +5.3% Gradual stabilisation of macroeconom
Slide 9: Analysis by region: Africa: Senegal, Mali and Mauritania
Analysis by region Africa: Senegal, Mali and Mauritania Change Change (€ million) 31/03/2020 31/03/2019 (reported) (at constant scope and exchange rates) Sales 71 61 +16.1% +16.1% In the Africa region, the construction In Cement, operational sales up +33.5% market and has been bolstered by the
Slide 10: Group profitability performance in Q1 2020
Group profitability performance in Q1 2020 Given the current circumstances, the Group has elected to provide, on an exceptional basis, figures for its profitability over the first quarter of 2020. It is important to note that historically, and given the highly seasonal nature of the Group’s busine
Slide 11: Financial position at 31 March 2020
Financial position at 31 March 2020 Group’s shareholders’ equity was €2,486 million and net debt stood at €1,394 million, from €1,410 million at 31 March 2019 Excluding IFRS 16, the reference still used for the calculation of covenants Gearing was 46.62%, from 47.45% at 31 March 2019 Leverag
Slide 12: Adjustment measures for current circumstances (1/2)
Adjustment measures for current circumstances (1/2) Cost-cutting programme and optimisation of working capital The Group has rapidly deployed a package of cost-cutting measures in countries where business levels were significantly affected by the Covid-19 epidemic Thus, in France, India and Sene
Slide 13: Adjustment measures for current circumstances (2/2)
Adjustment measures for current circumstances (2/2) Deferral of non-strategic investment At present, the Group has put a freeze on its new investment projects, it is nevertheless continuing its existing strategic investments, notably in terms of fuel substitution rates and renewals of industrial f
Slide 14: 2020 outlook (1/3)
2020 outlook (1/3) In 2020, macroeconomic conditions in all of the countries where the Group is active are likely to be significantly affected by the Covid-19 crisis, to varying degrees depending on health conditions and the governmental responses At present, business is conducted within the str
Slide 15: 2020 outlook (2/3)
2020 outlook (2/3) The gradual upturn in activity, particularly in France and India, falling energy costs, the introduction of an ambitious cost-cutting programme, the close attention paid to working capital and, lastly, the scaling back of the initial capital expenditure plan, are all factors tha
Slide 16: 2020 outlook (3/3)
2020 outlook (3/3) The detailed information concerning the 2020 outlook for the Group’s various markets is available in the Q1 2020 press release on our website www.vicat.com - 16 -