Compagnie De Saint-gobain Sa · EURONEXT:SGO
Compagnie De Saint-gobain Sa — Saint-Gobain — Merger or Acquisition (August 2024)
11 slides from Compagnie De Saint-gobain Sa's merger presentation, Aug 15, 2024
Slide 1: Saint-Gobain to Acquire Ovniver Group (Cemix)
SAINT-GOBAIN TO ACQUIRE OVNIVER GROUP (CEMIX) August 15, 2024 El Nido commercial center, Puerto, Mexico: 8 Cemix solutions
Slide 2: Cemix acquisition has a compelling strategic rationale
CEMIX ACQUISITION HAS A COMPELLING STRATEGIC RATIONALE Strengthen Saint-Gobain’s presence in the fast-growing markets of Mexico & Central America Fully aligned with Saint-Gobain’s growth strategy in construction chemicals A regional leading player with a strong track record of profitable growth Stro
Slide 3: Acquisition will further drive profitable growth in Mexico & Central America
ACQUISITION WILL FURTHER DRIVE PROFITABLE GROWTH IN MEXICO & CENTRAL AMERICA Comprehensive offer for light and sustainable construction in Mexico • A leader in value-added glazing solutions in Mexico • Deep penetration in plasterboard • Comprehensive offering in construction chemicals With acquisiti
Slide 4: Cemix: a leading player in construction chemicals in Mexico & Central America
CEMIX: A LEADING PLAYER IN CONSTRUCTION CHEMICALS IN MEXICO & CENTRAL AMERICA $285m $62m 21.7% 16 ~1,000 2024E Sales 2024E EBITDA 2024E EBITDA margin Manufacturing sites1 Employees A leading player and well-known brand in tile adhesives, façade coatings, waterproofing and surface preparations in Mex
Slide 5: Industrial & logistics centers well-located to serve customers
INDUSTRIAL & LOGISTICS CENTERS WELL-LOCATED TO SERVE CUSTOMERS Strong industrial footprint spanning across Strong network of factories and logistics hubs Mexico & Central America throughout Mexico & Central America Adhesives, façade coatings (renders) & waterproofing Atotonilco, Mexico manufacturing
Slide 6: Cemix further enhances comprehensive offer of interior and exterior solutions in Mexico
CEMIX FURTHER ENHANCES COMPREHENSIVE OFFER OF INTERIOR AND EXTERIOR SOLUTIONS IN MEXICO Waterproofing Fireproofing Ceilings INTERIOR SOLUTIONS EXTERIOR SOLUTIONS Waterproofing Sealants Glazing Glass wool insulation Façade coatings (renders) Tile adhesives Surface preparations Plasterboard 6 Cemix –
Slide 7: Combination will unleash strong commercial and operational synergies
COMBINATION OF SAINT-GOBAIN AND CEMIX WILL UNLEASH STRONG COMMERCIAL AND OPERATIONAL SYNERGIES Commercial opportunities Operational efficiency Procurement Cross-selling of the Saint-Gobain Improvement in working capital Optimized sourcing of polymers offer (IMPAC, PLAKA) in Mexico management and enh
Slide 8: Strong value creation supported by significant synergies
STRONG VALUE CREATION SUPPORTED BY SIGNIFICANT SYNERGIES 40 • Cross-selling opportunities and penetration through broader channels GROWTH SYNERGIES • Portfolio expansion across brands coupled with broader geographic footprint 14 26 • Manufacturing efficiencies via Saint-Gobain OPERATIONS World Class
Slide 9: Transaction overview
TRANSACTION OVERVIEW • Enterprise Value of $815m (c. €740m) • 13.1x 2024E EBITDA ($62m) FINANCIAL TERMS • 8.0x including full synergies ($40m) in Year 3 • Value creation by Year 3 • EPS accretive from Year 1 • Acquisition financed fully in cash FINANCING • Limited impact of +0.1x on net debt/EBITDA,
Slide 10: Strengthen Group's leadership in light & sustainable construction in Mexico & Central America
STRENGTHEN GROUP’S LEADERSHIP IN LIGHT & SUSTAINABLE CONSTRUCTION IN MEXICO & CENTRAL AMERICA Fast growing, highly Further strengthens Group’s Strong teams to ensure profitable regional leading presence in the high-growth continued growth, player with comprehensive markets of Mexico & synergy delive
Slide 11: Saint-Gobain to Acquire Ovniver Group (Cemix)
SAINT-GOBAIN TO ACQUIRE OVNIVER GROUP (CEMIX) August 15, 2024 Mitika commercial center, Mexico City: 3 Cemix solutions