H+h International A/s · OMXCOP:HH
H+h International A/s — FY2016 Earnings Presentation
22 slides from H+h International A/s's earnings presentation, Mar 17, 2017
Slide 1: Investor presentation Full year and Q4 2016
Investor presentation Full year and Q4 2016 17 March 2017
Slide 2: Introduction
Investor presentation, annual report 2016 17 March 2017 2 Introduction Forward-looking statement Agenda The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors • Highlights influencing the ac
Slide 3: Highlights
Investor presentation, annual report 2016 17 March 2017 3 Highlights • Negative 0.3% organic growth in the • DKK 45.1 million in the fourth quarter. Organic fourth quarter. • DKK 83.3 million full year vs. guidance Investments in the region of DKK 80 million. growth • 6.4% organic growth full year v
Slide 4: Financial performance
Investor presentation, annual report 2016 17 March 2017 4 Financial performance Q4 Q1 - Q4 DKK million 2016 2015 Variance 2016 2015 Variance Actual 347 375 (8%) 1.611 1.621 (1%) Revenue Organic 374 375 (0%) 1.725 1.621 6% Gross margin 25% 31% (6%) 25% 25% 0% Before special items 45 41 4 211 182 29 E
Slide 5: Outlook 2017 and updated long-term financial targets
Investor presentation, annual report 2016 17 March 2017 5 Outlook 2017 and updated long-term financial targets DKK million Outlook Organic growth 5-7% EBITDA before special items 220-240 Investments excluding mergers, ~ 120 acquisitions and divestments
Slide 6: Update on the UK
Investor presentation, annual report 2016 17 March 2017 6 Update on the UK • We expect continuous growth from the UK, • The Borough Green factory upgrade will despite Brexit for following reasons; make it the most advanced aircrete facility in • Structural undersupply of houses the UK. • Government
Slide 7: Special items 2017
Investor presentation, annual report 2016 17 March 2017 7 Special items 2017 • Special items of approximately DKK 25 million cost are expected to be incurred as a result of the Borough Green factory upgrade and resulting need to import products from Poland. • The increased transportation cost will b
Slide 8: Specific assumptions for outlook for 2017
Investor presentation, annual report 2016 17 March 2017 8 Specific assumptions for outlook for 2017 • Economic growth of around 1-3% in our geographical footprint. • Energy and raw material prices rise only in line than inflation from their March 2017 levels. • The commercial and operational excelle
Slide 9: Other selected items
Investor presentation, annual report 2016 17 March 2017 9 Other selected items • Investments in 2017 is expected to be the highest since 2008 of around DKK Credit • New three year credit facility in place Investments 120 million. The main part is allocated to the Borough Green. facility until March
Slide 10: Western European segment
Investor presentation, annual report 2016 17 March 2017 10 Western European segment Q4 Q1 - Q4 DKK million 2016 2015 Variance 2016 2015 Variance Actual 280 306 (8%) 1,260 1,272 (1%) Revenue Organic 311 306 2% 1,358 1,272 7% Before special items 32 28 4 191 174 17 EBITDA After special items 27 28 (1)
Slide 11: Eastern European segment
Investor presentation, annual report 2016 17 March 2017 11 Eastern European segment Q4 Q1 - Q4 DKK million 2016 2015 Variance 2016 2015 Variance Actual 66 Q471 (7%) 350 Q1 -351 Q4 (0%) Revenue DKK million Organic 65 2016 71 2015 (8%) Variance 369 2016 351 2015 5% Variance Before special items Actual
Slide 12: Q&A
Investor presentation, annual report 2016 17 March 2017 12 Q&A
Slide 13: Thank you
Investor presentation, annual report 2016 17 March 2017 13 Thank you H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark +45 35 27 02 00 info@hplush.com www.hplush.com
Slide 14: Appendices
Investor presentation, annual report 2016 17 March 2017 14 Appendices
Slide 15: Geographical footprint
Investor presentation, annual report 2016 17 March 2017 15 Geographical footprint Production facility Sales and administration
Slide 16: Strategy and external growth drivers
Investor presentation, annual report 2016 17 March 2017 16 Strategy and external growth drivers MISSION VISION To supply value-added To be number one innovative aircrete aircrete supplier in our solutions to buildings geographical footprint. through profitable partnerships with distributors, contrac
Slide 17: Commercial approach
Investor presentation, annual report 2016 17 March 2017 17 Commercial approach Quality aircrete Trusted partner - is the foundation of - is our reputation in our company the industry Build with ease House Construction Distributors builders companies Innovative solutions - are how we create results
Slide 18: Business model
Investor presentation, annual report 2016 17 March 2017 18 Business model
Slide 19: Revenue allocation 2016
Investor presentation, annual report 2016 17 March 2017 19 Revenue allocation 2016 22% UK Germany Western Europe Poland Russia Eastern Europe Denmark Other 78%
Slide 20: EBITDA and EBIT margin development and EBITDA allocation 2016
Investor presentation, annual report 2016 17 March 2017 20 EBITDA and EBIT margin development and EBITDA allocation 2016 EBITDA EBIT % (DKK million) Western Europe Eastern Europe
Slide 21: Non-current asset allocation as of 31 December 2016
Investor presentation, annual report 2016 17 March 2017 21 Non-current asset allocation as of 31 December 2016 UK Western Europe Germany Eastern Europe Poland Russia
Slide 22: Net interest-bearing debt development and allocation as of 31 December 2016
Investor presentation, annual report 2016 17 March 2017 22 Net interest-bearing debt development and allocation as of 31 December 2016 Net interest-bearing debt Gearing (DKK million) GBP EUR PLN DKK