Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — FY2022 Earnings Presentation
13 slides from Cementir's earnings presentation, Feb 8, 2023
Slide 1: Preliminary 2022 results and 2023-2025 Industrial Plan update
Preliminary 2022 results and 2023-2025 Industrial Plan update 8 February 2023 Conference call | Rome, 8 February 2023
Slide 2: 2022 Preliminary results and 2023 Guidance
2022 Preliminary results and 2023 Guidance Royal Danish Library, Copenhagen (Denmark) 2
Slide 3: Preliminary 2022 results highlights
Preliminary 2022 results highlights • As from June 2022 Turkey is considered “hyperinflationary”, results as of 31 December 2022 are prepared using IAS 29 accounting principle. • Revenues reached 1,723.1 M€ (+27% yoy); Revenues excluding IAS 29 reached 1,720.9 M€ (+ 26.5% yoy), driven by price incre
Slide 4: 2023 Full Year Guidance
2023 Full Year Guidance • Revenues > 1.8 BN€ • EBITDA ~ 335-345 M€ • Net cash > 200 M€ • Capex ~ 113 M€ Guidance refers to like-for-like ongoing operations, excluding IAS 29 impact and extraordinary items These expectations do not take into account any intensification of the current crisis in Ukrain
Slide 5: Industrial Plan update 2023-2025
2023-2025 Industrial Plan update Navitas Park, Aarhus (Denmark) 5
Slide 6: Our strategy
Our strategy ▪ Sustainable growth strategy to create value for all stakeholders, based on five pillars ▪ Continue virtuous path towards decarbonisation with a 2030 Roadmap and 2050 ambition Value Creation Growth and People and Sustainability Innovation Competitiveness Positioning Organization ▪ 86 M
Slide 7: Our path to reach net zero emissions by 2050
Our path to reach net zero emissions by 2050 2050 AMBITION 2050 ▪ Net Zero scope 1, scope 2 and scope 3 emissions NET ZERO ▪ FUTURECEM® widespread use ▪ 100% fossil fuels-free energy ▪ Implementation of Carbon Capture & Storage technology, if economically viable ▪ Carbon offset as an option to compe
Slide 8: Scope 1 emissions: new 2030 decarbonization targets
Scope 1 emissions: new 2030 decarbonization targets * SCOPE 1 EMISSIONS (kg CO2/t cement) - Grey cement -36% Grey cement target 2030 -36% from 718 to 460 kg TARGET CO2/ton cement 460 equivalent 2020 2021 2022 2025 2030 Clinker ratio 82% 81% 80% 76% 64% SCOPE 1 EMISSIONS (kg CO2/t cement) - White cem
Slide 9: Decarbonisation drive across the value chain
Decarbonisation drive across the value chain Raw Materials Energy Production Logistics Switch to natural gas and Plants upgrade Green Transportation Calcined clay Biomass in Aalborg from (Hybrid trucks) 2025 Clinker ratio reduction GBFS, fly ash and Network and routes limestone Alternative fuels inc
Slide 10: 2023-25 Capex highlights
2023-25 Capex highlights Industrial Plan Capex breakdown ▪ 86 M€ of sustainability* investments, focused on operational efficiencies through plant upgrades and product innovation ▪ Main initiatives: − Kiln upgrade in Gaurain, Belgium − Introduction of natural gas in Aalborg − Facility upgrade for FU
Slide 11: 2025 Financial targets
2025 Financial targets * 2022 A 2025 EUR million ex. IAS 29 ➢ ~5-6% Sales CAGR in the 2022-25 period ➢ 3% cement volumes CAGR ; flat RMC volumes, 2-3% aggregates volumes Revenues 1,721 ~ 2,000 CAGR, despite flat/negative trend in 2023 ➢ Price increases across all markets to cover cost inflation EBIT
Slide 12: Comparison with previous Industrial Plan
Comparison with previous Industrial Plan ✓ EBITDA CAGR acceleration driven by cost control and operational leverage ✓ Continued significant cash generation and dependable growth trajectory New 2023-2025 Industrial Plan 2022-2024 Industrial Plan Released on 4 Feb. 2021 2022A Target CAGR Target CAGR 2
Slide 13: 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