Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — FY2021 Earnings Presentation
17 slides from Cementir's earnings presentation, Feb 9, 2022
Slide 1: Preliminary 2021 results and 2022-24 Industrial Plan update
Preliminary 2021 results and 2022-24 Industrial Plan update February 8th, 2022 Conference call | Rome, 8 February 2022
Slide 2: Preliminary 2021 Results and 2022 Guidance
Preliminary 2021 Results and 2022 Guidance Deichman Main Library, Norway 2
Slide 3: Preliminary 2021 results highlights
Preliminary 2021 results highlights • Revenues historical record of 1,360.0 M€ up by 11.0% yoy due to good performance in all geographies − Cement volumes up by 4.1% − RMC volumes up by 14.8% and aggregates up by 8.1% • EBITDA historical record of 311.0 M€ up by 17.9% yoy including a 11.1 M€ net one
Slide 4: 2022 Full Year Guidance
2022 Full Year Guidance • Revenues > 1,5 BN€ • EBITDA ~ 305 - 315M€ • Net cash ~ 60 M€ • Capex ~ 95 M€ Guidance refers to like-for-like ongoing operations This forward-looking indication does not include new outbreaks of the Covid-19 pandemic in the coming months. The foregoing exclusively reflects
Slide 5: Industrial Plan 2022-2024 update
Industrial Plan 2022-2024 update 5
Slide 6: Our Strategy
Our Strategy ✓ Continue virtuous path towards decarbonisation with a 2030 Roadmap and 2050 ambition ✓ Strengthen white cement global leadership, focusing on high-added value solutions ✓ Leverage on unique vertically integrated platforms in the Nordics, Belgium and Turkey ✓ Keep improving profitabili
Slide 7: Our Sustainability journey since 2019
Our Sustainability journey since 2019 2019 2020 2021 • New organization and • 2030 Roadmap on CO2 emissions • Cementir joins the European Sustainability Governance reduction Climate Pact against climate change • 2050 Net Zero ambition • Move from mandatory reporting to ESG voluntary disclosure B Rat
Slide 8: 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 • FUTURECEMTM widespread use • 100% fossil fuels-free energy • Implementation of Carbon Capture & Storage technology, if economically viable • Carbon offset to compensate unavoi
Slide 9: 2030 Decarbonization Targets
2030 Decarbonization Targets SCOPE 1 EMISSIONS (kg CO2/t cement) - Grey cement -31% * • 2030 reduction targets per ton of cement eq. (grey + white) validated by SBTi for scope 1 and <500 2030 TARGET scope 2 1990 2021 2024 2025 2030 • Clinker ratio to decline by 190bp in Clinker ratio 82% 81% 76% 73%
Slide 10: Decarbonisation drive across the value chain
Decarbonisation drive across the value chain Raw Materials Energy Process Logistics Calcined clay Switch to natural gas, Plants upgrade Green Transportation biomass and biogas (Aalborg (Cementir 4.0) (Hybrid trucks) GBFS, fly ash and and Gaurain by 2025) limestone Clinker ratio reduction Smart logis
Slide 11: FutureCem is a key pillar of our sustainability strategy
FutureCemTM is a key pillar of our sustainability strategy • Calcined clay is a major raw material for • It enables 40% clinker replacement FuturecemTM production • Lower clinker content allows a 30% CO2 reduction • First Step: investment in storage silo, • Allows to produce a greener and more susta
Slide 12: Futurecem rollout plan
FuturecemTM rollout plan ✓ 2021 targets achieved. Progressive launch in all regions in 2022 ✓ By 2030 FuturecemTM volumes sold are expected to reach around 51% of total volumes sold in Europe and 60% of grey cement volumes FuturecemTM roll-out plan - volumes sold in EU countries 12
Slide 13: 2024 Financial targets
2024 Financial targets (*) 2021 A 2024 EUR million ➢ ~7% Sales CAGR in the 2021-24 period Revenues 1,360 ~ 1,650 ➢ 3-4% cement and RMC volumes CAGR ; ~6% aggregates volumes CAGR (**) ➢ Price increases across all markets ➢ ~ 5% EBITDA CAGR as fuels and electricity are expected to increase ahead of EB
Slide 14: Comparison with previous Industrial Plan
Comparison with previous Industrial Plan ✓ 2021-2024 EBITDA CAGR impacted by higher 2021 base ✓ Sustained green investment level; some initiatives postponed by few months ✓ Continued significant cash generation and dependable EBITDA growth trajectory New 2022-2024 Industrial Plan 2021-2023 Industria
Slide 15: 2022-24 Capex highlights
2022-24 Capex highlights Industrial Plan cumulative Capex • 97 M€ of «green» investments,focused on Green Capex = Sustainability + Digitalization operational efficiency through plant upgrades, digitalisation of industrial processes and product innovation • 2021 sustainability capex lower than planne
Slide 16: 2022-24: strong cash generation continues
2022-24: strong cash generation continues ✓ ~ 340M€ cumulative Free Cash Flow in the 2022-24 period ✓ ~ 312M€ cumulative Capex of which 97 M€ is Green Capex Euro Millions > 16
Slide 17: 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