H+h International A/s · OMXCOP:HH
H+h International A/s — Danske Bank's Copenhagen Winter Seminar 2016
17 slides from H+h International A/s's conference presentation, Nov 30, 2016
Slide 1: Danske Bank's Copenhagen Winter Seminar
Danske Bank’s Copenhagen Winter Seminar H+H International 30 November 2016
Slide 2: Content
H+H International 30 November 2016 2 Content Agenda • Introduction • Application examples • Manufacturing process • Strategy • The H+H turnaround process 2011 – 2016
Slide 3: H+H is one of the leading aircrete manufacturers
H+H International 30 November 2016 3 H+H is one of the leading Strong financial development n.m. 6.8x 5.2x 5.7x 3.8x 2.4x 2.0x aircrete manufacturer 2.000 10% 11% 12% 9% 10% 1.500 7% • Modern production facilities across Europe with 7% 8% 1.000 6% a cost efficient production and logistical setup 4%
Slide 4: Current financial performance
H+H International 30 November 2016 4 Current financial performance Financial performance Q1-Q3 2016 Guidance to the stock market Q3 Q1 - Q3Q3 Q1 - Q3 Outlook Outlook Long-term Long-term DKK million DKK DKK million million 2016 2015 Variance 2016 2016 2015 2015Variance Variance 2016 2015 Variance Upd
Slide 5: Revenue allocation 2015
H+H International 30 November 2016 5 Revenue allocation 2015 22% UK Germany Western Europe Poland Russia Eastern Europe Denmark Other 78%
Slide 6: Structural design – residential low rise
H+H International 30 November 2016 6 Structural design – residential low rise Example: - Two and a half storey, single-family detached home • External walls: Solid walls (render finish) • External walls: Cavity walls (brick outer leaf) • Internal partition walls, any internal finish • Solid foundati
Slide 7: Structural design – residential high rise, inner wall
H+H International 30 November 2016 7 Structural design – residential high rise, inner wall Example: - Block of flats (high-rise) • Separating wall: aircrete+insulation+aircrete (only as secondary wall with any internal finish) • Partition wall: Any internal finish
Slide 8: Structural design – residential high rise, external wall
H+H International 30 November 2016 8 Structural design – residential high rise, external wall Example: - Block of flats (high-rise) • External wall: Infill to concrete framed buildings (render finish)
Slide 9: Manufacturing process
H+H International 30 November 2016 9 Manufacturing process The mixture is poured into moulds Cement Sand / Lime PFA powder Water Alu Rests Transfer and 6-8 hours wire-cut Autoclaving Mixer
Slide 10: Strategy and external growth drivers
H+H International 30 November 2016 10 Strategy and external growth drivers MISSION VISION To supply value-added To be number one innovative aircrete aircrete supplier in our solutions to buildings geographical footprint. through profitable partnerships with • GDP growth distributors, • Inflation con
Slide 11: Commercial approach
H+H International 30 November 2016 11 Commercial approach Quality aircrete Trusted partner - is the foundation of - is our reputation in our company the industry Build with ease House Construction Distributors builders companies Innovative solutions - are how we create results
Slide 12: Story line
H+H International 30 November 2016 12 Story line The larger shareholders in H+H re-capitalised the company. 2008 2009 Following an aggressive Following a process of growth strategy exploring possible new 2003 the financial crisis lead to financial distress for H+H. 2010 ownership during 2010 a stand
Slide 13: H+H turnaround process 2011 – 2016 1/3
H+H International 30 November 2016 13 H+H turnaround process 2011 – 2016 1/3 New management in place New organisational structure • New executive management in 2011 • Reorganisation from being a highly decentralised organisation to • New and strong 1st and 2nd management layer have been be a functio
Slide 14: H+H turnaround process 2011 – 2016 2/3
H+H International 30 November 2016 14 H+H turnaround High increase in production volume followed by limited cost increases 3.000 105 110 process 2011 – 2016 104 105 2/3 2.000 100 101 96 100 1.000 95 Strong operational efficiency improvements 0 90 • Targeted effort on continuous improvement projects
Slide 15: H+H turnaround process 2011 – 2016 3/3
H+H International 30 November 2016 15 H+H turnaround process 2011 – 2016 3/3 Acquisition of Grupa Prefabet in Poland Future market structure in Poland • The market had vast overcapacity, high competitor density and low building activity resulting in very low pricing and earnings • H+H initiated a re
Slide 16: A powerful platform for continuing the strong development
H+H International 30 November 2016 16 A powerful platform for continuing the strong development Strong market position Approved how successful Markets set restructuring for growth can be done Positive financial development Focused strategy has Continuous improved the operational flexibility of impro
Slide 17: Q&A
Investor presentation Q1-Q3 2016 18 November 2016 17 Q&A
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