Slide 1: 2021 Half-Year Results
WEDNESDAY 28 JULY 2021 2021 Half-Year Results Hugues Chomel Deputy CEO and CFO Stéphane Bisseuil Investor Relations Director
Slide 2: Disclaimer
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 describe
Slide 3: Agenda
Highlights Half-Year 2021 results Analysis by geographical region Balance sheet and cash-flow 2021 outlook Lorem ipsum dolor sit amet 3 2021 Half-Year results
Slide 4: Half-year 2021 highlights: strong growth in results over the first half
Half-year 2021 highlights Strong growth in results over the first half Sales at €1,560 million (+26%) Dynamic markets, +48% increase (lfl) in EBITDA well-oriented selling +137% increase (lfl) in EBIT prices & Launch of low-carbon Cash-flow of €240 million DECA product line +44% (lfl) 4 2021 Half-Yea
Slide 5: Half-Year 2021 results
Highlights Half-Year 2021 results Analysis by geographical region Balance sheet and cash-flow 2021 outlook Lorem ipsum dolor sit amet 5 2021 Half-Year results
Slide 6: Income Statement
Income Statement Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Consolidated sales 1 560 1 304 +19.6% +26.2% EBITDA** 300 213 +41.0% +48.3% EBITDA margin (%) 19.2% 16,3% EBIT*** 171 76 +126.3% +137.4% EBIT margin (%) 11.0% 5,8% Consolidated net income 102 29 +2
Slide 7: Change in EBITDA (by factor)
Change in EBITDA (by factor) €m 400 +66 315 +100 300 300 -63 +0.3 -16 213 200 100 0 EBITDA Volume effects Net ex-works Variable costs Other Adjusted Exchange EBITDA H1 2020 in terms of price effect (inflation & performance) H1 2021 differences/scope H1 2021 contribution margin EBITDA 7 2021 Half-Yea
Slide 8: Change in EBITDA (by geographic zone)
Change in EBITDA (by geographic zone) 2021/2020 48 In million euros 20 14 2 3 -1 Europe Mediterranean Africa Americas Asia France 8 2021 Half-Year results
Slide 9: Analysis by geographical region
Highlights Half-Year 2021 Results Analysis by geographical region Balance sheet and cash-flow 2021 outlook Lorem ipsum dolor sit amet 9 2021 Half-Year results
Slide 10: France
France Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 562 444 +26.5% +25.7% EBITDA 104 56 +83.9% +83.7% EBIT 66 14 +379.8% +380.5% Strong improvement in performance EBITDA grew strongly • Dynamic market and favourable base effect • Positive volume and pri
Slide 11: Europe (excluding France)
Europe (excluding France) Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 203 198 +2.5% +5.3% EBITDA 39 40 -1.9% +0.8% EBIT 19 20 -0.9% +1.8% Switzerland, sales up +4% Italy, sales up +37% • Only slightly affected by the pandemic • Vs shutdown of the busin
Slide 12: Americas
Americas Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 319 298 +7.1% +20.1% EBITDA 70 56 +24.9% +41.2% EBIT 43 26 +63.3% +86.0% In the United-States In Brazil, consolidated sales were €81 • Macroeconomic and sector environment million, up +53% remained f
Slide 13: Asia
Asia Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 206 149 +38.5% +51.2% EBITDA 58 38 +51.3% +65.4% EBIT 40 19 +114.4% +134.5% India Kazakhstan • Measures taken by the Indian government to • Sales of €30 million, an increase of +14% counter the situation
Slide 14: Mediterranean
Mediterranean Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 103 75 +37.4% +71.5% EBITDA -6 -9 +35.5% +35.4% EBIT -16 -18 +11.3% -0.5% In Turkey In Egypt, sales at €34 million, up +73% • The recovery in the construction market • EBITDA loss of -€8 million
Slide 15: Africa
Africa Change Change (€ million) 2021 2020 (reported) (at constant scope and exchange rates) Sales 167 140 +19.4% +19.7% EBITDA 35 32 +11.4% +11.8% EBIT 18 15 +20.8% +21.5% In Africa, the sector environment continues to be favourable despite the pandemic crisis In Cement, sales up +20% with a boost
Slide 16: Balance sheet and cash-flow
Highlights Half-Year 2021 Results Analysis by geographical region Balance sheet and cash-flow 2021 outlook Lorem ipsum dolor sit amet 16 2021 Half-Year results
Slide 17: Solid balance sheet
Net debt of €1,320 million versus €1,202 million at end 2020 Solid Consolidated equity of €2,459 million balance sheet Gearing of 53.7% versus 52.9% at end June 2020 Leverage of 2.05x versus 2.49x at end June 2020 17 2021 Half-Year results
Slide 18: Cash flow & Capex
Cash flow of €240 million up +43.9% in line with the increase in operational profitability Cash flow & Capex Net capital expenditure of €170 million (for a large part related to the new kiln-line at Ragland, Alabama, USA) Free Cash flow of -€52 million 18 2021 Half-Year results
Slide 19: 2021 outlook
Highlights Half-Year 2021 Results Analysis by geographical region Balance sheet and cash-flow 2021 outlook Lorem ipsum dolor sit amet 19 2021 Half-Year results
Slide 20: 2021 outlook
2021 outlook The Group expects an increase in EBITDA over the full year despite: Unfavourable exchange rate trends Rise in energy costs expected to increase by around +9% in 2021 (negative impact exclusively in H2) Unfavourable base of comparison in the third quarter of 2021, and, to a lesse
Slide 21: Q&A session
Q&A session Build together, live together