Slide 1: Results Presentation H1 2020 Results
RESULTS PRESENTATION H1 2020 RESULTS 7th September 2020 © SigmaRoc plc – 2020
Slide 2: Presentation Agenda
PRESENTATION AGENDA David Barrett - Chairman Introduction Max Vermorken - CEO Operational Review Dean Masefield - CFO Financial Review Max Vermorken - CEO Acquisition of GD Harries Max Vermorken - CEO Outlook Q&A
Slide 3: Introduction - David Barrett
INTRODUCTION David Barrett Executive Chairman
Slide 4: H1 2020 Invest, Improve, Integrate
H1 2020 INVEST, IMPROVE, INTEGRATE Continued strong delivery of the business model across the Group FINANCIALS Strong first half in fourth year of trading; delivering £54.5m sales, £10.9m Underlying EBITDA, 1.98p Underlying EPS for a leverage ratio of 1.97 times Underlying EBITDA. Underlying EBITDA
Slide 5: H1 2020 Operations - Max Vermorken
H1 2020 OPERATIONS Max Vermorken Chief Executive Officer
Slide 6: Trading across H1 2020
TRADING ACROSS H1 2020 Solid start to 2020 despite Covid-19 impact RONEZ - CHANNEL ISLANDS Commenced with strong pipeline, though stormy weather conditions and subsequent Covid-19 lockdowns impacted trading with harsher lockdown restrictions in Guernsey than Jersey. Relaxation of restrictions in lat
Slide 7: Operational Focus
OPERATIONAL FOCUS Driving operational performance HEALTH AND SAFETY Group-wide H&S engagement plan launched in January to improve health and safety excellence. Early rigorous implementation of Government and our own COV-19 protocols allowed continued operations at the majority our sites. We continue
Slide 8: Initiatives: Environmental, Social, Governance
INITIATIVES ENVIRONMENTAL SOCIAL GOVERNANCE Continued progress on our ESG initiatives GOVERNANCE Appointment of Anthony Brockbank, ECM Partner at Fieldfisher, as part time General Counsel. Two experienced independent NEDs added to our Board and Group-wide focus on ESG initiatives. CARBON INITIATIVES
Slide 9: H1 2020 Financials - Dean Masefield
H1 2020 FINANCIALS Dean Masefield Chief Financial Officer
Slide 10: Substantial Growth in H1 2020
SUBSTANTIAL GROWTH IN H1 2020 Strong period compared to prior half-year despite the challenges of Covid-19 pandemic. +91% +51% +83% £10.9m £5.3m +0.5% £54.5m 1.98p 1.97p £5.7m £3.5m £29.8m Revenue Underlying EBITDA Underlying PBT Underlying EPS H1 2019 H1 2020 Underlying results are stated before ho
Slide 11: Income Statement for H1 2020
INCOME STATEMENT FOR H1 2020 Acquired business - CDH - contributing to the H1 2020 income statement versus H1 2019 H1 2020 H1 2019 Variance £’000 £’000 % Revenue 54,503 29,778 +83.0% Cost of sales (39,268) (21,510) +82.6% Profit from operations 15,235 8,268 +84.3% Administrative expenses (8,851) (4,
Slide 12: Key Balance Sheet Statistics for H1 2020
KEY BALANCE SHEET STATISTICS FOR H1 2020 Clear picture of investment in our businesses while maintaining a solid balance sheet +91% +120% +100% £220m +381% £119m £46.5m £17.3m £115m £54m £23.3m £3.6m Tangible assets Total Assets Net debt Cash H1 2019 H1 2020 RESULTS PRESENTATION H1 2020 SIGMAROC PLC
Slide 13: Net Debt Movement for H1 2020
NET DEBT MOVEMENT FOR H1 2020 Net debt position reduced from year end 2019 position £50m £45m £40m £35m £30m £25m £20m £15m £10m £5m 0 Opening net Underlying Non- Working Interest Tax Capex Investment Net Closing net debt EBITDA underlying capital Borrowings debt Positive movement Negative movement
Slide 14: GDH & Outlook - Max Vermorken
GDH & OUTLOOK Max Vermorken Chief Executive Officer
Slide 15: GDH Acquisition
GDH ACQUISITION Option exercised in August 2020 to acquire the remaining 60% of GD Harries. Funded by Group’s own cash reserves. HEAVILY ASSET BACKED One of largest independent family-owned vertically 7 38mt 35mt Hardstone Mineral Mineral integrated building material business in Wales with 17 quarri
Slide 16: SigmaRoc Outlook
SIGMAROC OUTLOOK • Swift and effective action taken by the team in managing costs, ensuring operational continuity where possible and identifying commercial opportunities in local markets ensured a resilient performance through the lockdown period • Performance in the first half was robust with posi
Slide 17: Disclaimer
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 and should not be consider
Slide 18: Questions & Answers
QUESTIONS & ANSWERS SigmaRoc plc Contact us: 7 - 9 Swallow Street, London, W1B 4DE +44 20 7129 7828 ir@sigmaroc.com