Slide 1: Sales for the first quarter 2010
Sales for the first quarter 2010 May 6th 2010 Jean-Pierre Souchet - CFO Stéphane Bisseuil - Investors Relations
Slide 2: Disclaimer
2 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 described
Slide 3: First quarter 2010 outstanding points
3 First quarter 2010 outstanding points Sales holding up well Particularly in Cement, given exceptional weather conditions Strong rebound in activity in March Seems confirmed in April Strategic reinforcement in southern India Acquisition of Bharathi Cement Very solid balance sheet
Slide 4: Breakdown of consolidated sales by business
4 Breakdown of consolidated sales by business Contribution by business: Contribution by business: Q1 2010 Q1 2009 Cement Concrete & Aggregates Other Products and Services Consolidated sales (% at constant scope and exchange rate) Cement: €214 million, down 2.2% Concrete & Aggregates: €136 million, d
Slide 5: Geographical breakdown of sales: France
5 Geographical breakdown of sales France Variation (%) (millions of euros) Q1 2010 Q1 2009 Published At constant scope Consolidated sales 173 192 -10.0% -10.0% Unfavourable weather conditions in regions where the Group operates Still deteriorated construction market appears to have bottomed out Ceme
Slide 6: Geographical breakdown of sales: Europe (ex France)
6 Geographical breakdown of sales Europe (ex France) Variation (%) (millions of euros) Q1 2010 Q1 2009 At constant scope Published and exchange rates Consolidated sales 52 51 +0.8% -1.9% Switzerland: sales improved by 9.0% despite very severe winter conditions Cement: sales strong increase of 30% Su
Slide 7: Geographical breakdown of sales: United States
7 Geographical breakdown of sales United States Variation (%) (millions of euros) Q1 2010 Q1 2009 At constant scope Published and exchange rates Consolidated sales 35 51 -31.4% -27.1% Sales still severely affected by the difficult macro-economic climate and poor weather conditions, Especially in Cal
Slide 8: Geographical breakdown of sales: Turkey and Kazakhstan
8 Geographical breakdown of sales Turkey and Kazakhstan Variation (%) (millions of euros) Q1 2010 Q1 2009 At constant scope Published and exchange rates Consolidated sales 32 23 +40.9% +36.1% Cement Sales up by 30% Significant volume increase Domestic market grew while export volumes fell slightly P
Slide 9: Geographical breakdown of sales: Africa and Middle-East
9 Geographical breakdown of sales Africa and Middle-East Variation (%) (millions of euros) Q1 2010 Q1 2009 At constant scope Published and exchange rates Consolidated sales 107 108 -0.8% +2.0% Egypt Sales down slightly, less than 1% Moreover, sales and production were temporarily slowed by the commi
Slide 10: Financial situation in Q1 2010 – trends in financial structure
10 Financial situation in Q1 2010 – trends in financial structure Group gearing improved to 29.1% at 31 March 2010, vs 31.4% at 31 December 2009 Given the low level of the Group's net debt, the existence of covenants does not represent a risk for the Group's financial standing and balance sheet liqu
Slide 11: Financial situation in Q1 2010 – change in operating profitability
11 Financial situation in Q1 2010 – change in operating profitability The first quarter is not historically representative of the Group’s performance over the full year Seasonal nature of this industry, especially with this year’s poor weather conditions Significant rebound in activity levels in Mar
Slide 12: Recent events: India
12 Recent events: India Vicat sealed an agreement, acquiring 51% of Bharathi Cement (BCCL) as a strategic partner This acquisition will be financed with debt Second major transaction of Vicat in India, ▼ Complementary to its existing joint venture, Vicat Sagar Cement BCCL operates a cement plant wit
Slide 13: Bharathi Cement
13 Bharathi Cement 190 km 750 440 km km 320 km 275 km
Slide 14: 2010 outlook
14 2010 outlook The Group confirmed the expected trends it had communicated with its FY 2009 results publication 2010 should be a transitional year: Emerging-market countries should continue to generate strong momentum, whereas the environment is likely to remain tough in certain mature markets Move