Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — Q3 2023 Earnings Presentation
12 slides from Cementir's earnings presentation, Nov 9, 2023
Slide 1: Cementir Holding N.V. 2023 First Nine months results
Cementir Holding N.V. 2023 First Nine months results November 6th, 2023 Conference Call | Rome, 6 November 2023
Slide 2: 2023 First Nine Months results highlights
2023 First Nine Months results highlights • Revenues reached 1,295 M€ (+0.5% yoy); non-GAAP* Revenues reached 1,288.9 M€ (+ 0.8% yoy) − Cement volumes down by 3.1% due to Denmark, Belgium, US, Malaysia and Egypt, partially offset by growth in Türkiye and China − RMC volumes down by 10.0% due to a ne
Slide 3: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group Ebitda • Denmark 9M 2023 − Cement volumes declined as domestic market was affected by slowing demand due to higher interest rates, partially compensated (32) by the infrastructure segment (27) − RMC and aggregates volumes were down 20% and 8%, respective
Slide 4: Belgium and France
Belgium and France (*) Asset overview Share of Group Ebitda 9M 2023 22% Grey cement plant (1) RMC (13) Terminals (3) • Belgium • France − Cement volumes declined by 8% mostly due to a generalized demand slowdown − RMC volumes were down 8% both in Belgium and France EUR '000 9M 2023 9M 2022 Chg % − A
Slide 5: Türkiye
Türkiye Asset overview Share of Group Ebitda 9M 2023 • Türkiye (**) − As from April 2022 Türkiye is considered “hyperinflationary”, its 18% results as of 30 September 2023 are prepared using IAS 29 accounting principle. The figures reported herewith are non GAAP − Revenue increased by 31.5% , with d
Slide 6: North America
North America Asset overview Share of Group Ebitda 9M 2023 6% White cement plants (2) • United States Terminals (31) − White cement volume declined by 16%, in line with the residential market. Deliveries to Texas and Florida suffered from a stronger contraction due to competitive pressures from impo
Slide 7: Asia Pacific
Asia Pacific Asset overview Share of Group Ebitda 9M 2023 • China − Revenue broadly flat due to 15% volumes growth, offset by lower cement prices. In Q1 2023 cement sales were negatively 6% affected by lockdowns; in Q2 and Q3 2023 volumes were up but competition put pressure on pricing − EBITDA incl
Slide 8: Egypt
Egypt Asset overview Share of Group Ebitda 9M 2023 3% White cement plants (1) • Egypt − Revenue declined by 14.2% because of the strong devaluation of Egyptian pound vs Euro. Revenue in local currencies were up 49.6% − White cement volumes were stable both on domestic deliveries and exports EUR '000
Slide 9: 2023 Full Year Guidance – further EBITDA upgrade
2023 Full Year Guidance – further EBITDA upgrade • Revenues ~ 1.8 BN€ • EBITDA ~ 380 M€ (increase by over 4% from 365 M€ of July 2023) • Net cash > 200 M€ (unchanged) • Capex ~ 113 M€ (unchanged) Guidance refers to like-for-like ongoing operations, non-GAAP (excluding IAS 29) excluding extraordinary
Slide 10: Appendix - Consolidated Income Statement – First Nine Months 2023
Appendix - Consolidated Income Statement – First Nine Months 2023 9M 2023 9M 2022 (EUR million) 9M 2023 9M 2022 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 1,295.0 1,288.0 0.5% 1,288.9 1,278.6 0.8% Change in inventories 16.0 24.5 (34.6%) 19.4 28.1 (31.1%) Increase for interna
Slide 11: Appendix - Consolidated Income Statement – Third Quarter 2023
Appendix - Consolidated Income Statement – Third Quarter 2023 Q3 2023 Q3 2022 (EUR million) Q3 2023 Q3 2022 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 454.4 456.4 (0.5%) 420.7 452.8 (7.1%) Change in inventories 9.9 6.3 55.9% 9.9 7.8 26.5% Increase for internal work and other
Slide 12: 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