Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — H1 2021 Earnings Presentation
11 slides from Cementir's earnings presentation, Jul 28, 2021
Slide 1: Cementir Holding N.V. 2021 First Half results
Cementir Holding N.V. 2021 First Half results July 28th, 2021 Naturalis Biodiverity Center, Leiden, The Netherlands (Architect: Neutelings Riedijk Architects - Photo: Scagliola Brakkee) Conference call | 28 July 2021
Slide 2: 2021 First Half results highlights
2021 First Half results highlights • Revenues reached 664.5 M€ (+16.5%) thanks to good performance in all geographies − Cement volumes up by 18.7% driven by Turkey, Belgium and Denmark • EBITDA reached 133.5 M€ (+36.6%) − Higher contribution from Turkey, Belgium, and to a lesser extent, Asia Pacific
Slide 3: Nordic & Baltic
Nordic & Baltic • Denmark 41% 52% − Both grey and white cement volumes up due to increased market activity − White cement exports up 22% due to higher deliveries to the US, UK, Germany, Poland, Belgium and France; grey cement exports declined by Share of Share of 11% due lower sales in Norway Group
Slide 4: Belgium and France
Belgium and France (*) 19% 22% • Belgium Share of Share of • France Group Revenue Group Ebitda H1 2021 H1 2021 − Cement volumes increased by 10%, thanks to favourable weather and comparison base with 2020 impacted by Covid19. Positive trend in Belgium and France while The Netherlands and Germany wer
Slide 5: North America
North America 8% 10% Share of Share of Group Revenue Group Ebitda H1 2021 H1 2021 • United States − Sustained volume growth (+13%) of white cement especially in Florida and York region (PA) also due to a base effect and favorable weather despite a hurricane in Texas and snowfall in York EUR '000 H1
Slide 6: Asia Pacific
Asia Pacific 8% 7% • China − Strong demand with white cement and clinker sales volumes up 16%, despite a rainy start of the year, supported by several projects Share of Share of − EBITDA up by 22.6% driven by higher volumes despite higher Group Revenue Group Ebitda variable and fixed costs H1 2021 H
Slide 7: Turkey
Turkey 11% 6% Share of Share of • Turkey (*) Group Revenue Group Ebitda − Grey cement volumes increased by around 29%, with domestic sales H1 2021 H1 2021 volumes up 40% driven by strong demand in the Marmara, Anatolian and Aegean regions − Exports declined 8% with a more favorable sales mix − Avg c
Slide 8: Egypt
Egypt 3% 4% Share of Share of Group Revenue Group Ebitda H1 2021 H1 2021 • Egypt − White cement domestic volumes increased by 30% − White export volumes increased by 20% after the removal of pandemic restrictions EUR '000 H1 2021 H1 2020 Chg % − EBITDA increased by 41.7% due to higher volumes and ex
Slide 9: Raised 2021 Full Year Guidance
Raised 2021 Full Year Guidance • Revenues ~ 1.35 BN€ (from 1.3 BN) • EBITDA ~ 295-305 M€ (from 285-295 M€) • Net debt ~ 30 M€ (unchanged) • Capex ~ 95 M€ This forward-looking indication does not include new outbreaks of the Covid-19 pandemic in the coming months. The foregoing exclusively reflects t
Slide 10: Consolidated Income Statement
Consolidated Income Statement (EUR million) H1 2021 H1 2020 Chg % REVENUE FROM SALES AND SERVICES 664.5 570.4 16.5% Change in inventories (2.7) (5.3) 48.5% Increase for internal work and other income 8.3 7.4 13.2% TOTAL OPERATING REVENUE 670.2 572.5 17.1% Raw materials costs (267.4) (217.5) 22.9% Pe
Slide 11: Disclaimer and Other information
Disclaimer and Other information •This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the Investor Relations: “Company”) for the sole purpose described herein. In no case may it or any other statement (oral or otherwise) made at any time in connection here