Slide 1: Q1 2020 Trading Statement
Q1 2020 Trading Statement 7 May 2020 Dr. Dominik von Achten – Group CEO Dr. Lorenz Näger – Group CFO
Slide 2: Key Messages Q1 2020
Key Messages Q1 2020 Strong operational performance in Q1 – Result and margin improved despite decline in revenue 2020 outlook uncertain – Negative impact expected on revenue and result 1 billion EUR cash savings – Covid-19 action plan COPE initiated in February Solid financial position – 5.
Slide 3: Agenda
Q1 2020 Overview Current Business Update COPE Action Plan AGM & Dividend Key Takeaways Appendix
Slide 4: Strong performance despite decline in revenues
Q1 2020 OVERVIEW Strong performance despite decline in revenues Revenue (m€) Operating EBITDA (m€) Operating EBIT (RCO) (m€) Lfl: -8% Lfl: +2% Lfl: +4% -7% +3% +5% 4,238 392 405 56 59 3,930 Margin: Margin: 9.2% 10.3% Q1 Q1 Q1 Q1 19 Q1 20 4 Q1 2020 Trading Statement | 7 May 2020
Slide 5: Operating EBITDA growth achieved in difficult market environment
Q1 2020 OVERVIEW Operating EBITDA growth achieved in difficult market environment Q1 Operating EBITDA Bridge (m€) +2.5% 400 5 405 53 392 -1 391 -43 Q1 2019 EBITDA Currency Q1 2019 Net volume Price over cost Q1 2020 Scope Q1 2020 EBITDA LfL EBITDA LfL EBITDA 5 Q1 2020 Trading Statement | 7 May 2020
Slide 6: Strong volumes in January and February – March impacted by Covid-19 restrictions
Q1 2020 OVERVIEW Strong volumes in January and February – March impacted by Covid-19 restrictions Q1 2020 volumes Development in key markets Lfl: -2% North America: Cement volume (mt) -3% Positive pricing supported by demand growth also in 28,581 27,689 most of the regions lead to a solid quarter
Slide 7: EBITDA growth in all regions except of Asia
Q1 2020 OVERVIEW EBITDA growth in all regions except of Asia North America Western & Southern Europe North & Eastern Europe – Central Asia +24m +6m +7m +84% +11% +12% 52 56 62 63 57 28 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Asia Pacific Africa – Mediterranean Basin -30m 0m -18% 0% 161 96 96
Slide 8: Severe volume drop in several countries from mid March onwards
CURRENT BUSINESS UPDATE Severe volume drop in several countries from mid March onwards Volume impact in selected countries from mid March Expected business impact No or little impact Australia, Czech Republic, Loss of contribution margin Denmark, Germany, Poland, Romania, Sweden, Egypt, Temporar
Slide 9: 1 billion EUR cash savings through COPE action plan
COPE ACTION PLAN 1 billion EUR cash savings through COPE* action plan Cost savings CapEx reduction Tax and working capital Minimization of all non-essential Reduction of maintenance CapEx Active management of all working expenses including external to business critical projects capital items s
Slide 10: Liquidity situation further strengthened by tapping bond and loan markets
COPE ACTION PLAN Liquidity situation further strengthened by tapping bond and loan markets Significant liquidity headroom and well balanced maturity profile Company recently reinforced its financing sources A €650 million bond issue on April 2 with a 4.5 year m€ 5,703 maturity and a 2.50% coupon 5
Slide 11: Dividend proposal of 0.60 € per share will preserve 317 million € of cash
AGM & DIVIDEND Dividend proposal of 0.60 € per share will preserve 317 million € of cash Dividend proposal Virtual Annual General Meeting on 4 June 2020, 10am CEST Managing Board and Supervisory Board will propose to the AGM can be followed via live stream; access to general Annual General Meeti
Slide 12: Key Takeaways
Key Takeaways Strong operational performance in Q1 2020 outlook uncertain – negative impact from Corona crisis 1 billion EUR cash savings Solid financial position Original dividend proposal adjusted from €2.20 to €0.60 per share Long term prospects favorable
Slide 13: Agenda
Q1 2020 Overview Current Business Update COPE Action Plan AGM & Dividend Key Takeaways Appendix
Slide 14: Sales volumes and operational result
APPENDIX Sales volumes and operational result Sales Volumes Cement (mt) Aggregates (mt) Ready Mix (mm3) Asphalt (mt) Quarter Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 North America 3,032 3,260 22,592 22,514 1,474 1,649 416 459 West / South Europe 6,884 6,143 20,015 18,249 4,282 3,821 874 753 N
Slide 15: Organic growth, scope and currency impacts
APPENDIX Organic growth, scope and currency impacts Operating EBITDA LfL Q1 19 Currency Q1 19 LfL Q1 20 Scope Q1 20 LfL Quarter (m€) Growth North America 28 1 29 52 0 52 79.5% West / South Europe 56 0 56 62 3 59 5.2% North / East Europe 57 -1 56 63 3 60 8.0% Asia Pacific 161 -3 158 131 0 131 -17.1%
Slide 16: Contact information and financial reporting calendar
FINANCIAL CALENDAR Contact information and financial reporting calendar Date Event Contact Information 4 June 2020 Annual General Meeting Christoph Beumelburg Director Communication & IR 30 July 2020 Half Year Results Phone: +49 (0) 6221 481 13249 16 September 2020 Capital Market Day christoph.beume
Slide 17: Disclaimer
Disclaimer Unless otherwise indicated, the financial information provided herein has been prepared credit business and, in particular, additional uncertainties arising out of the subprime, under International Financial Reporting Standards (IFRS). financial market and liquidity crises; the outcome of