Vicat Sa · EURONEXT:VCT

Vicat Sa — FY2020 Earnings Presentation

32 slides from Vicat Sa's earnings presentation, Feb 16, 2021

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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%

  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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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,

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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%

  22. 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

  23. 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

  24. 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

  25. 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

  26. Slide 26: Questions

    QUESTIONS Build together, live together

  27. Slide 27: Annex

    Build together, live together

  28. 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

  29. 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

  30. 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

  31. 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

  32. 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

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