Sigmaroc Plc · LSE:SRC
Sigmaroc — FY2020 Earnings Presentation
27 slides from Sigmaroc's earnings presentation, Apr 13, 2021
Slide 1: Investor Presentation: 2020 Full Year Results
INVESTOR PRESENTATION 2020 Full Year Results 13th April 2021 © SigmaRoc plc – 2021
Slide 2: Disclaimer
Private and Confidential DISCLAIMER The information contained in this presentation document (the “presentation”, which term includes any information provided verbally in connection with this presentation document) does not constitute an offer or solicitation to hold, sell or invest in any security a
Slide 3: Presentation Agenda
PRESENTATION AGENDA David Barrett - Chairman Introduction Max Vermorken - CEO Operational Review Dean Masefield - CFO Financial Review Max Vermorken - CEO Invest & Improve Max Vermorken - CEO Outlook Q&A
Slide 4: Introduction
INTRODUCTION David Barrett Executive Chairman
Slide 5: FY2020 Summary
Private and Confidential FY2020 SUMMARY 1 Strong performance in challenging times due to robust business model, high quality teams, motivated staff and the ability to respond quickly to changing circumstances. 2 Remained open for business through adaptation of our working methods which allowed us to
Slide 6: FY20 Operations
FY20 OPERATIONS Max Vermorken Chief Executive Officer
Slide 7: FY2020 Key Moments
Private and Confidential FY2020 KEY MOMENTS 1 January Completion of the acquisition of Stone Holdings in Belgium. 2 February & March Early management team engagement on COVID-19 with regular meetings held to manage protection measures, cash, operational gearing and contingency plans. 3 April Q1 trad
Slide 8: Group Trading Overview
Private and Confidential GROUP TRADING OVERVIEW 1 Ronez - Channel Islands Trading in line with expectations for the first quarter, despite poor weather. April lockdowns imposed from late March and throughout April. As restrictions eased, trading approached near- normal levels by June. Strong second
Slide 9: 2020 Performance Resilience & Return to Growth
Private and Confidential 2020 PERFORMANCE RESILIENCE & RETURN TO GROWTH Turnover Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2019 (Like for Like) 2020 Early preparation and rapid reaction: Ensuring continuity of safe operations and support for customers and suppliers Performance focused: Contin
Slide 10: Platform Overview
Private and Confidential PLATFORM OVERVIEW Ronez Platform Channel Islands South Wales Platform GD Harries, Foel Fach UK Precast Platform Allen Concrete, Poundfield, CCP CDH Platform CDH Dimension Stone Benelux Platform GDH, Cuvelier, B-Mix, Casters ANNUAL REPORT FY2020 SIGMAROC PLC 10
Slide 11: Committed to Future Best Practice & Sustainability
Private and Confidential COMMITTED TO FUTURE BEST PRACTICE & SUSTAINABILITY 1 Establishing a sustainability framework linked to global standards SigmaRoc has committed to establishing a sustainability framework following review of global frameworks such as TCFD, SABS and FTSE Russell which align to
Slide 12: Environmental, Social & Governance Commitments
Private and Confidential ENVIRONMENTAL, SOCIAL & GOVERNANCE COMMITMENTS Environmental Commitments Social Commitments Governance Commitments Sustainable use of reserves and resource; Ensure people leave work in the same or better Promote QCA and Corporate Governance Responsible use key resources incl
Slide 13: FY20 Financials
FY20 FINANCIALS Dean Masefield Chief Financial Officer
Slide 14: Substantial Year-on-Year Growth in FY2020
Private and Confidential SUBSTANTIAL YEAR-ON-YEAR GROWTH IN FY2020 Strong year with excellent execution of operational improvements and business integration despite COVID-19 +64% +45% +7% +77% £23.9m £12.2m 4.50p £124.2m 4.20p £14.5m £8.4m £70.4m Revenue Underlying EBITDA Underlying PBT Underlying E
Slide 15: Income Statement for FY2020
Private and Confidential INCOME STATEMENT FOR FY2020 Strong results and resilience despite the unprecedented circumstances 2020 2019 Variance £’000 £’000 % Revenue 124,231 70,362 +76.6% Cost of sales (90,028) (50,924) +76.8% Profit from operations 34,203 19,438 +76.0% Administrative expenses (20,046
Slide 16: Strong Cash Generation Effective Balance Sheet
Private and Confidential STRONG CASH GENERATION EFFECTIVE BALANCE SHEET £27.4m £17.3m £(1.8)m £12.4m £(7.5)m £9.9m £(2.5)m FY20 Start Cash Close CDH GDH Deferred Equity Raise FY20 H1 2020 Extension Acquisition Payments Cash close Purchase Continued to generate cash through pandemic: Leverage and liq
Slide 17: Key Balance Sheet Statistics for 2020
Private and Confidential KEY BALANCE SHEET STATISTICS FOR 2020 Clear picture of investment in our businesses while maintaining a solid balance sheet +24% +84% -12% £257m +177% £145m £49.8m £43.8m £27.4m £79m £208m £9.9m Tangible assets Total Assets Net debt Cash 2019 2020 ANNUAL REPORT FY2020 SIGMAR
Slide 18: Invest & Improve
INVEST & IMPROVE Max Vermorken Chief Executive Officer
Slide 19: Clear Purpose with Proven Strategy
Private and Confidential CLEAR PURPOSE WITH PROVEN STRATEGY 1 Commodity market set apart by quality of product and service Family approach of being local and personally known to the customer base, with the management skill and approach of a Major allows our business to compete with anyone. 2 Local p
Slide 20: Implementing Our Strategy
Private and Confidential IMPLEMENTING OUR STRATEGY 1 Invest ● Only in businesses with solid intrinsic value; ● Only in businesses with the potential to be improved and grown; ● Only in businesses which can be bought at an attractive valuation. 2 Improve ● The operational and financial performance of
Slide 21: Track Record of Growth, Cash & Shareholder Value
Private and Confidential TRACK RECORD OF GROWTH, CASH & SHAREHOLDER VALUE £124m £27.4m £23.9m 4.50 £70m 4.20 +77% +177% £14.5m +7% 64% +71% 2.07 3.80 +10% 2.1 +48% £9.9m 2.02 +88% £9.8m £41m 1.69 +164% 1.63 +79% £7m +52% £27m £5.5m £3.7 -47% 2017 2018 2019 2020 2017 2018 2019 2020 2017 2018 2019 202
Slide 22: Creation of Two Platforms in Belgium
Private and Confidential CREATION OF TWO PLATFORMS IN BELGIUM CDH Platform Dimension Stone Dimension Stone CDH Platform Benelux Platform Construction Materials Aggregates RMX CDH Platform Benelux Platform Creation of a European wide Creation of a Belgium building dimension stone platform with CDH ma
Slide 23: Asset Transfer of Lafarge Holcim Operations
Private and Confidential ASSET TRANSFER OF LAFARGE HOLCIM OPERATIONS Asset Transfer Take or Pay Agreement Operational Expansion Transfer of all Lafarge Holcim Lafarge Holcim to purchase minimum New processing plant to be created to operational assets to allow production of 1.5mt per year until 31 De
Slide 24: Belgium's Top Concrete Producer
Private and Confidential BELGIUM’S TOP 5 CONCRETE PRODUCER Asset backed business creating a business that now combined is in the top 5 RMX producers in Belgium with the option to acquire another 11 acres with quayside access. 2 250k m3 12%-17% Strategic Businesses Concrete EBITDA Margin Locations B-
Slide 25: Foundation for Sustainable Products
Private and Confidential FOUNDATION FOR SUSTAINABLE PRODUCTS Production of cement free blocks using existing manufacturing techniques, delivery methods and building principles. >70% 2,700 kg reduced eCO2 carbon saved compared to per average house, equivalent 100% OPC offsetting its electricity block
Slide 26: Outlook: What to Expect for the Year
Private and Confidential OUTLOOK WHAT TO EXPECT FOR THE YEAR 1 Q1 trading update Strong start despite freezing weather conditions in Belgium and a 3 week lockdown in Guernsey with a prompt resumption of strong trading across all platforms leading to revenue being ahead of forecasts. 2 Half year outl
Slide 27: Questions & Answers
QUESTIONS & ANSWERS SigmaRoc plc Contact us: 7 - 9 Swallow Street, W1B 4DE London +44 207 129 78 28 ir@sigmaroc.com