Wienerberger AG · VIE:WIE
Wienerberger — Q1 2011 Earnings Presentation
11 slides from Wienerberger's earnings presentation, May 10, 2011
Slide 1: Investor and Analyst Presentation
Investor and Analyst Presentation Results 1-3/2011 | Regions at a Glance | Outlook 2011 May 10, 2011 Disclaimer Cautionary note regarding forward-looking statements The information contained in this document has not been independently verified and no representation or warranty expressed or implied
Slide 2: Q1 2011 at a Glance / Income Statement
Q1 2011 at a Glance Substantial improvement in revenues and earnings on Group level Strong volume growth in Europe supported by better weather - Western Europe: positive trend in new residential construction in almost any countries (above all Germany, France, Belgium) - Eastern Europe: significa
Slide 3: Change in Revenues / Change in EBITDA by Region
Change in Revenues 1-3/2010 vs. 1-3/2011 +41% +1% 395.1 -1% +41% 279.5 Moderate price effect of -1%: Lower average prices in CEE but Change in the product mix to premium products Revenues Volume Price FX Revenues 1-3/2010 Development Development 1-3/2011 Note: in € mn 5 Change in EBITDA by Regio
Slide 4: Strong Balance Sheet – Gearing only 22% / Positive Gross Cash Flow
Strong Balance Sheet – Gearing only 22% Chg. in % in € mn 2008 2009 31/3/2010 2010 31/3/2011 vs. 2010 Equity 1) 2,497.2 2,547.0 2,510.0 2,525.7 2,413.7 -4 Net debt 890.2 408.0 584.8 374.5 529.9 +41 Equity ratio 57% 62% 62% 62% 62% - Gearing 36% 16% 23% 15% 22% - 1) Including non-controlling interest
Slide 5: Development of Net Debt – Q1 2011 in Detail
Development of Net Debt – Q1 2011 in Detail 584.8 +108.9 529.9 484.8 408.0 +32.5 389.9 374.5 +22.1 in € mn -8.1 31/12/2009 31/3/2010 30/6/2010 30/9/2010 31/12/2010 Gross Total Hybrid Working 31/3/2011 cash flow investments coupon capital & others 9 Regions at a Glance 10
Slide 6: Central-East Europe
Central-East Europe Results 1-3/2011 Share of Group Central-East Europe (in € mn) 1) 1-3/2010 1-3/2011 Chg. in % revenues 1-3/2011 Revenues 59.8 88.2 +47 22% Operating EBITDA 2) -12.8 0.5 >100 Operating EBITDA margin -21.4% 0.6% - EBIT -28.9 -15.6 +46 1) East European holding companies are reported
Slide 7: Central-West Europe
Central-West Europe Results 1-3/2011 Share of Group Central-West Europe (in € mn) 1) 1-3/2010 1-3/2011 Chg. in % revenues 1-3/2011 Revenues 55.4 78.6 +42 Operating EBITDA 2) -5.7 -2.8 +51 20% Operating EBITDA margin -10.3% -3.6% - EBIT -13.6 -10.1 +26 1) The cross border trading activities of the Ne
Slide 8: Investments and Other
Investments and Other Results 1-3/2011 Share of Group Inv. & Other (in € mn) 1) 1-3/2010 1-3/2011 Chg. in % revenues 1-3/2011 Revenues 2.3 23.2 >100 3% Operating EBITDA 2) -5.3 -2.5 +53 Operating EBITDA margin <-100% -10.8% - EBIT -6.6 -5.1 +23 1) Revenues excluding Group eliminations, earnings incl
Slide 9: Assumptions for 2011 / Outlook 2011
Assumptions for 2011 Volume increase Improvement of capacity utilization to 65% (2010: 60%) Cost inflation covered by price adjustments € 15 mn higher price-driven energy costs expected (at stable production volumes) Positive effects on earnings: - € 30 mn one-off effect from Bramac – Tond
Slide 10: Dividend for 2010 / Mid-term Goals
Dividend for 2010 Dividend payout planned for 2010 after waiver of dividend in 2008 and 2009 Future dividend policy depends on further development of earnings Dividend payout of € 0.10 per share 19 Mid-term Goals Continuous increase in earnings EBITDA > € 500 mn Maintain strong balance she
Slide 11: Wienerberger Investor Relations
Wienerberger Investor Relations Wienerberger AG, A-1100 Vienna, Wienerbergstrasse 11 Tel +43 1 60192 - 471, Fax +43 1 60192 - 466 investor@wienerberger.com | www.wienerberger.com 21