Slide 1: Cementir Holding N.V. 2023 First Quarter results
Cementir Holding N.V. 2023 First Quarter results May 9th, 2023 Conference Call | Rome, 9 May 2023
Slide 2: 2023 First Quarter results highlights
2023 First Quarter results highlights • From April 2022 Türkiye is considered “hyperinflationary”; hence results as of 31 March 2023 are prepared using IAS 29 accounting principle • Revenues reached 414.8 M€ (+14.5% yoy); non-GAAP Revenues reached 413.8 M€ (+ 14.2% yoy), driven by price increases −
Slide 3: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group Ebitda Q1 2023 • Denmark (32) − Cement volumes down with domestic market affected by unfavourable (27) weather and slowing demand due to high inflation and interest rates. Lower white cement exports due to a decline in some export markets 48% − RMC and a
Slide 4: Belgium and France
Belgium and France (*) Asset overview Share of Group Ebitda Q1 2023 Grey cement plant (1) RMC (13) Terminals (3) 25% • Belgium • France − Cement volumes decreased with negative performance in Belgium and in the Netherlands, and stable in France. Falling demand due to unfavourable weather and slowing
Slide 5: North America
North America Asset overview Share of Group Ebitda Q1 2023 7% White cement plants (2) Terminals (31) • United States − White cement volume declined, in line with the residential market trend. Deliveries to Texas and California suffered a stronger contraction due to competitive pressure from imports.
Slide 6: Asia Pacific
Asia Pacific Asset overview Share of Group Ebitda Q1 2023 4% • China − Revenue down by 6% driven by lower cement prices while volumes were up by 3%. Until January 2023 cement sales were affected by lockdowns and Chinese New Year − EBITDA down due to higher variable costs and lower prices White cemen
Slide 7: Türkiye
Türkiye Asset overview Share of Group Ebitda Q1 2023 9% Grey cement plant (4) • Türkiye (**) RMC (21) Waste (1) − Revenue improved by 82% in Euro terms − Domestic cement volumes increased with significant higher sales in North-eastern Türkiye and Marmara, driven by new projects, and lower sales in A
Slide 8: Egypt
Egypt Asset overview Share of Group Ebitda Q1 2023 4% White cement plants (1) • Egypt − Revenue declined by 12.8% because of the strong devaluation of Egyptian pound vs Euro (-79%) − White cement volumes declined moderately with higher deliveries on the domestic market and lower exports EU R ' 000 Q
Slide 9: 2023 Full Year Guidance - unchanged
2023 Full Year Guidance - unchanged • Revenues > 1.8 BN€ • EBITDA ~ 335-345 M€ • Net cash > 200 M€ • Capex ~ 113 M€ Guidance refers to like-for-like ongoing operations, non-GAAP (excluding IAS 29) and excluding extraordinary items These expectations do not include any intensification of the current
Slide 10: Appendix - Consolidated Income Statement – First Quarter 2023
Appendix - Consolidated Income Statement – First Quarter 2023 Q1 2023 (EUR million) Q1 2023 Q1 2022 Chg % Chg % ( N on- G A A P) REV EN U E F ROM SA LES A N D SERV ICES 414.8 362.3 14.5% 413.8 14.2% Change in inventories 10.2 16.2 (37.1%) 11.1 (31.3%) Increase for internal work and other income 2.8
Slide 11: 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