Slide 1: H1 2022 Results
H1 2022 Results SigmaRoc plc STRICTLY CONFIDENTIAL
Slide 2: Agenda
Overview Agenda H1 2022 Highlights David Barrett – Chairman Platforms Max Vermorken – CEO Financial Review Garth Palmer – CFO Outlook Max Vermorken - CEO Q&A SigmaRoc 2022 Interim Report 2
Slide 3: H1 2022 Financial Highlights
Overview H1 2022 Financial Highlights REVENUE UNDERLYING EBITDA UNDERLYING EPS £247.1m £47.6m 3.61p +191.5% 30 June 2021: £84.8m +212.2% 30 June 2021: £15.2m +34.7% 30 June 2021: 2.68p BY GEOGRAPHY BY INDUSTRY BY PRODUCT TYPE Ready-Mix and CP Dimension Stone Environment Pulp, paper & board Sweden 11
Slide 4: H1 2022 Strategic Highlights
Overview H1 2022 Strategic Highlights ⎼ Strong first half of 2022, demonstrating the effectiveness of the Group’s diversified model; ⎼ Ongoing focus on efficiency with further improvement initiatives implemented across the portfolio; ⎼ Continued very strong momentum in uptake of our Greenbloc, ultra
Slide 5: Platforms
Platforms Overview
Slide 6: Channel Islands
Platforms Channel Islands ⎼ Trading: Slow demand early in the year due to phasing but exceeded targets for half on back of buoyant Jersey residential & improving Guernsey. ⎼ Cost management: Electricity supply from France is secured and costs are stable after single digit percentage increases in Jul
Slide 7: Precast Products Group
Platforms Precast Products Group ⎼ Trading: Strong performance, with demand consistent across the period with additional shifts required to meet rising demand. ⎼ Cost management: Cost increases passed-on through regular price increases. ⎼ Acquisition of RightCast: Complementary product offering to P
Slide 8: England & Wales
Platforms England & Wales ⎼ Trading: Strong trade after recovery from a tricky start at Harries due to multiple plant breakdowns and inclusion of Johnston from February. ⎼ Cost management: Improved margins through combination of premium aggregate sales and operating cost efficiencies. ⎼ Bolton Hill
Slide 9: Dimension Stone
Platforms Dimension Stone ⎼ Trading: Strong H1 with exceptionally strong order book. ⎼ Cost management: Inflationary input cost pressures mitigated by regular price increases and good electricity generation from solar panel installation. ⎼ Quarry extension: On track with construction of new road, wi
Slide 10: Benelux
Platforms Benelux ⎼ Trading: Mixed results but on net performed in line with expectations. B-Mix ahead, Cuvelier in-line and GduH behind on volumes. ⎼ Cost management: No limitation in production or capacity by customers due to energy prices. ⎼ Precast production facility: Construction of facility n
Slide 11: Nordkalk
Platforms Nordkalk ⎼ Trading: Strong first half despite various challenges: ⎼ Significant energy costs increases ⎼ Union strike at UPM in Finland for 4 months ⎼ Plant breakdown at SSAB in January ⎼ Cost management: Energy cost increases successfully managed through hedging and dynamic pricing. Custo
Slide 12: Financials
Financials By Garth Palmer SigmaRoc PLC 12
Slide 13: Key measures and statistics
Financials Key measures and statistics REVENUE GROWTH EBITDA GROWTH UNDERLYING EBITDA MARGIN (million GBP) (million GBP) (%) 2018 19.9 2018 4.8 2018 24% 2019 29.8 2019 5.7 2019 19% 2020 54.5 2020 10.9 2020 20% 2021 84.8 2021 15.2 2021 18% 2022 247.1 2022 47.6 2022 19% UNDERLYING EPS CASH POSITION AD
Slide 14: Consolidated income statement
Financials Consolidated income statement 6 months to 30 June 6 months to 30 2022 June 2021 CONTINUED OPERATIONS £‘000 £‘000 REVENUE 247,067 84,760 COST OF SALES (193,918) (61,585) PROFIT FROM OPERATIONS 53,149 23,175 ADMINISTRATIVE EXPENSES (21,410) (13,117) NET FINANCE (EXPENSE)/INCOME (3,349) (1,3
Slide 15: Net debt evolution
Financials Net debt evolution 0 47,556 (18,986) 128 (6,648) (14,815) (164,007) (53,617) (6,568) (216,956) Opening Underlying Working Tax paid Net Net M&A Other Closing balance EBITDA Capital CapEx fundraising balance SigmaRoc 2022 Interim Report 15 15
Slide 16: Outlook
Outlook 2022 and beyond
Slide 17: Outlook
Outlook Outlook ⎼ H2 trading started well, benefitting from the Group’s diversification; ⎼ Demand remains good for both housing and infrastructure, as well as for industrial minerals; ⎼ Continue to focus on inflationary cost management, particularly energy, with further operational improvement initi
Slide 18: Short-, medium- and long-term strategic drivers
Outlook Short-, medium- and long-term strategic drivers SHORT- MEDIUM- LONG-TERM Dynamic platform Structured platform Consolidation management enhancement and diversification (0-12 months) (1-3 years) (opportunistic) ⎼ Leverage strong local market ⎼ Strategic growth initiatives in all ⎼ Numerous bol
Slide 19: Joint Venture with ArcelorMittal
Overview Joint Venture with ArcelorMittal • JV with ArcelorMittal (AM) for the construction and operation of quicklime kilns co-located at the AM steelworks. • This JV reinforces SigmaRoc’s relationship with ArcelorMittal and complements Nordkalk’s acquisition of major high quality limestone reserve
Slide 20: Questions & Answers
SigmaRoc PLC QUESTIONS & ANSWERS Contact us: Suite 1, 15 Ingestre Place, London, W1F 0DU +44 207 129 78 28 info@sigmaroc.com
Slide 21: Appendix
Appendix
Slide 22: Net Zero Roadmap with further detail in ESG report
Implementing our Strategy Net Zero Roadmap with further detail in ESG report 2025 All concrete products available in low carbon and 2027 ultra-low carbon 100% utilization of all production materials 2030 Carbon Capture Alternative fuels used Storage and mobile equipment utilisation trial plant opera