Slide 1: 2020 Full Year Results
TUESDAY 16 FEBRUARY 2021 2020 Full Year Results Guy Sidos Chairman and CEO Hugues Chomel Deputy CEO and CFO
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets. These statements are by their nature subject to risks and uncertainties as describe
Slide 3: Agenda
Highlights FY 2020 results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook Lorem ipsum dolor sit amet 3 2020 Full year results
Slide 4: Full-year 2020 highlights
Full-year 2020 highlights Solid operating performance amid exceptional conditions Sales at €2,805 million (+5.5%) Decrease in net financial debt +10% increase (lfl) in EBITDA Net debt at €1,202 million +17.5% increase (lfl) in EBIT -€88 million decrease in net financial debt Cash-flow of €461 millio
Slide 5: Full-year 2020 results
Highlights Full-year 2020 results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook Lorem ipsum dolor sit amet 5 2020 Full year results
Slide 6: Income Statement
Income Statement Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Consolidated sales 2,805 2,740 +2.4% +5.5% EBITDA** 557 526 +5.9% +10.1% EBITDA margin (%) 19.9% 19.2% EBIT*** 298 267 +11.7% +17.5% EBIT margin (%) 10.6% 9.7% Consolidated net income 172 160 +7.7%
Slide 7: Change in EBITDA (by geographic zone)
Change in EBITDA (by geographic zone) 26 2020/2019 In million euros 14 9 1 -7 -9 France Mediterranean Europe Africa Asia Americas 7 2020 Full year results
Slide 8: Change in EBITDA (by factor)
Change in EBITDA (by factor) 600 +37 579 526 +35 557 -2 €m -18 500 -22 400 300 200 100 0 EBITDA 2019 Volume effects Net ex-works Variable costs Other Adjusted 2020 Exchange EBITDA 2020 in terms of price effect (inflation & performance) EBITDA differences/scope contribution margin 8 2020 Full year re
Slide 9: Analysis by geographical region
Highlights FY 2020 Results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook Lorem ipsum dolor sit amet 9 2020 Full year results
Slide 10: France
France Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 963 987 -2.4% -3.5% EBITDA 171 182 -6.5% -7.3% EBIT 92 102 -9.4% -9.8% Significant impact of pandemic EBITDA decline • Near total shutdown in mid-March • Lower energy costs and cost-cutting • Solid bus
Slide 11: Europe (excluding France)
Europe (excluding France) Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 423 401 +5.6% +1.2% EBITDA 97 96 +1.1% -2.8% EBIT 55 58 -5.5% -9.1% Contrasting trends in Switzerland and Switzerland sales up +2% Italy • EBITDA down -2% • Swiss market barely affec
Slide 12: Americas
Americas Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 636 589 +8.0% +17.2% EBITDA 141 115 +22.6% +36.3% EBIT 86 57 +52.7% +73.5% In the Americas, activity levels continued to move In Brazil, government economic incentives, low in the right direction tha
Slide 13: Asia
Asia Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 348 375 -7.1% +0.1% EBITDA 103 89 +15.9% +24.9% EBIT 68 54 +26.4% +36.4% Significant deterioration in the macroeconomic and sector environment in H1, ahead of a clear rebound in activity levels in H2 Ind
Slide 14: Mediterranean
Mediterranean Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 173 171 +1.1% +19.1% EBITDA -11 -4 n.s. n.s. EBIT -29 -23 n.s. n.s. Challenging macroeconomic and competitive In Egypt, sales at €49 million, up +18.2% conditions with selling prices coming unde
Slide 15: Africa
Africa Change Change (€ million) 2020 2019 (reported) (at constant scope and exchange rates) Sales 262 217 +20.4% +20.8% EBITDA 56 47 +18.7% +19.0% EBIT 25 18 +36.2% +36.8% Positive environment, despite pandemic impact that led to standstill in large government-funded projects in Senegal In Cement,
Slide 16: Balance sheet and cash-flow
Highlights FY 2020 Results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook Lorem ipsum dolor sit amet 16 2020 Full year results
Slide 17: Strong deleveraging
Net debt of €1,202 million versus €1,290 million at end 2019 Strong Consolidated equity of €2,411 million deleveraging Gearing of 49.9% versus 49.7% at end 2019 Leverage of 2.2x versus 2.5x at end 2019 17 2020 Full year results
Slide 18: Cash flow & Capex
Cash flow of €461 million up +12.9% in line with the increase in operational profitability Cash flow & Capital expenditure of €300 million Capex (of which close to half for the new kiln-line at Ragland, Alabama, USA) Free Cash flow of €228 million, up +€69 million supported in particular by a
Slide 19: Climate plan
Highlights FY 2020 Results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook 19 2020 Full year results
Slide 20: Group Climate Plan: Ambition 2050
Group Climate Plan Net CO2 emissions Group commitment Ambition 2050 Carbon neutrality Targets 2030 per ton produced in (2019 perimeter-12 objective in 2050 on France (historical countries) based on the value chain scope) reduction available requiring disruptive 2019 of 15% between technologies: carb
Slide 21: Vicat Climate Plan - Figures
Roadmap Vicat Climate Plan - Figures NET SPECIFIC EMISSIONS PER TON OF CEMENT 1990 2010 2019 2030 (KgCO2/Tct) -15% between 1990 France Scope 657 617 557 - and 2019 -13% between 2019 Group Scope - - 621 540 and 2030 Clinker rate (%) - - 81% 75% Alternative fuels (% substitution of fossiles fuels) 7%
Slide 22: Value chain: actions to reach net neutrality
Multitude of potentiality for action Value chain to reach net neutrality Typical actions throughout the whole value chain to reach net neutrality Demolition and Raw materials Product Design & Construction Use and waste Reuse and manufacturing Engineering maintenance preparation recycling Transport
Slide 23: 2021 outlook
Highlights FY 2020 Results Analysis by geographical region Balance sheet and cash-flow Climate plan 2021 outlook Lorem ipsum dolor sit amet 23 2020 Full year results
Slide 24: 2021 outlook
2021 outlook In 2021, macroeconomic conditions in all of the countries where the Group operates are still likely to be significantly affected by the Covid-19 pandemic to varying degrees depending on the pandemic situation and the governmental responses. Given the current environment, business leve
Slide 25: 2021 outlook
2021 outlook Given all these factors, especially the expected highly unfavourable currency effects, the Group expects its EBITDA to rise at constant scope and exchange rates over the full year. Naturally, this expectation is subject to change during the year depending on pandemic-related developme
Slide 26: Questions
QUESTIONS Build together, live together
Slide 27: Annex
Build together, live together
Slide 28: Energy
Energy ALTERNATIVE FUELS RENEWABLE ENERGIES Targets: 2 PV power plants in 1 PV power plant 2 WHRS power India: in Senegal: plants in India: 100% of alternative fuels in Europe by 2025 10MW +8,5MW 6,9MWc 9,5MW +6,5MW 40% for the Group by 2030 Local waste, local jobs 28 2020 Full year resu
Slide 29: Clinker content
Clinker content Natural pouzzolana Existing installation in Brazil Artificial pozzolana Future projects CEM IV/A (P) 42,5 R CE NF 490 kg CO2 eq/t versus 765 kg CO2 eq/t for a CEM I. Target: 75% clinker content for the Group by 2030 Local clay and limestone filler 29 2020 Full year results
Slide 30: Carbon capture (2)
Carbon capture (2) CCU/S CCU/S CCU/S CARBON CAPTURE IN CARBON CAPTURE IN AGREGATES CIMENTALGUES Production de microalgues Réservoir de chaleur BYPASS DUST Cuve de pré-carbonatation Ligne de transfert de chaleur Ligne de transfert de la fumée Echangeur de chaleur Site industriel Industrial test with
Slide 31: Carbon capture (2)
Carbon capture (2) CCU/S CCU/S Catch4Climate HYDROGEN 4 3 Production de chaleur décarbonée 1 2 2nd generation Oxyfuel technology First semi-industrial pilot in Germany Production of green H2 JV with Heidelberg, Schwenk and Dyckerhoff (Buzzi) H2 molecule for CCU or green mobility 31 2020 Full year re
Slide 32: Scope 3
Scope 3 LOW CARBON CONCRETE LESS CONCRETE LESS CONCRETE Bio-based concrete Innovative construction solutions 3D Concrete printing -26% Honeycomb slab Concrete (Scope 3) Concrete (Scope 3) Concrete (Scope 3) Organic aggregates : hemp, linen, wood… Less concrete for the same function Less concrete for