Titan S.a. · EURONEXT:TITC
Titan — Titan Cement International — Q1 2024 Earnings Presentation
12 slides from Titan's earnings presentation, May 9, 2024
Slide 1: Trading Update - 1st Quarter 2024
Trading Update- 1st Quarter 2024 TCI Investors’ and Analysts’ presentation Athens, 9 May 2024 Pennsuco integrated cement plant, Florida, USA
Slide 2: Trading update - 1st Quarter 2024: Further sales and profitability growth
Trading update - 1st Quarter 2024 Further sales and profitability growth • Strong start to the year for all regions, with sales up by 6.1%, at €623.7m, in a quarter with increased demand across all products and pricing resilience. • 8th consecutive quarter of EBITDA growth, with EBITDA at €109.8m, u
Slide 3: Sustained 12-month rolling growth trajectory
Sustained 12-month rolling growth trajectory Group Sales Group EBITDA Group NPAT (€ m) (€ m) (€ m) 12-Month Rolling 1Q 2024 Q1 2024 Results – Investors’ and Analysts’ Presentation 3
Slide 4: US and Greece: sustained demand, positive pricing environment
US: sustained demand in our markets, positive pricing environment GR: strong domestic demand, improved cost performance, lower export prices • Sales up by +2.1% (3.1% in $), despite adverse weather. Sales EBITDA • Pricing momentum maintained with volumes keeping up well. • Infrastructure and commerc
Slide 5: SEE and EMED: strong quarter, resilient sales
SEE: strong quarter with favorable market conditions EMED: resilient sales performance while profitability hit by weak currencies • Sales up by +13.4%, supported by higher volumes benefiting from a Sales EBITDA mild winter and sustained demand trends. • EBITDA increased by €14.9m to €32.9m, aided by
Slide 6: Better volumes in all products in 1Q 2024
Better volumes in all products in 1Q 2024 1Q 2024 Sales Volumes +3% +2% +7% (1), (2) (2) (2) (2) * Intragroup product sales for processing are included in sales volumes (1) Cement sales include clinker and cementitious materials (2) Includes Brazil, does not include Associates % represents performan
Slide 7: Positive Free Cash Flow at €14m in Q1 2024
Positive Free Cash Flow at €14m in Q1 2024. Lower Net Debt by €154m vs March 2023, seasonally up by €24m vs Dec’23. Sources and Uses of Cash Q1 2024 Operating Free Cash Flow (€ m) 120 110 2 (52) 100 €14m 80 (46) 60 40 (38) 20 (24) 0 -20 -40 EBITDA Non-Cash CapEx Operating Other Increase in 2024 Item
Slide 8: Outlook
Outlook • Positive Outlook underpinned by healthy demand fundamentals in our markets in the US and Europe. Improved profitability thanks to resilient volumes, sustained pricing and better cost performance. ➢ Continued growth is expected in the US. Pricing should remain supportive while high volumes
Slide 9: Appendix
Appendix Q1 2024 Results – Investors’ and Analysts’ Presentation Roanoke integrated cement plant, Virginia, USA
Slide 10: Starting the year with growth in sales and profitability
Starting the year with growth in sales and profitability Variance In Million Euros, unless otherwise stated Q1 2024 Q1 2023 Q1 24 vs Q1 23 Sales 623.7 588.1 6.1% Cost of Sales -452.6 -429.5 5.4% Gross Profit (before depreciation) 171.1 158.6 7.9% SG&A -62.5 -53.3 17.3% Other Income / Expense 1.2 1.8
Slide 11: Group Balance Sheet 31 March 2024
Group Balance Sheet 31 March 2024 Variance In Million Euros, unless otherwise stated 31 Mar' 24 31 Dec' 23 Mar 24 vs Dec 23 Tangible, intangible assets and goodwill 2,062.1 2,053.6 8.5 Other non-current assets 146.6 136.5 10.1 Total non-current assets 2,208.7 2,190.1 18.6 Inventories 385.8 395.5 -9.
Slide 12: Disclaimer
Disclaimer This presentation (“the Presentation”) has been prepared by Titan Cement International S.A (the “Company” and together with its subsidiaries, “the Group”) and is general background information about the activities of the Group at the date of the Presentation. The information in the Presen
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