Sigmaroc Plc · LSE:SRC
Sigmaroc — Q3 2022 Earnings Presentation
11 slides from Sigmaroc's earnings presentation, 2022
Slide 1: Quarterly Update
Quarterly Update SigmaRoc plc SigmaRoc STRICTLY CONFIDENTIAL
Slide 2: Agenda
Quarterly Update Agenda Group performance Max Vermorken – CEO Invest, improve, integrate and innovate Max Vermorken – CEO Market backdrop Max Vermorken – CEO Cost control Garth Palmer – CFO Balance sheet Garth Palmer – CFO Strategic initiatives Max Vermorken – CEO Key takeaways Max Vermorken – CEO Q
Slide 3: Q3 2022 financial highlights
Quarterly Update Q3 2022 financial highlights REVENUE UNDERLYING EBITDA PRODUCT VOLUMES £394m £77m +2% +19% Like-for-like YoY +5% Like-for-like YoY Like-for-like YoY SigmaRoc STRICTLY CONFIDENTIAL 3
Slide 4: Operational highlights: Strong year to date results
Quarterly Update Operational highlights: Strong year to date results All platforms performing in line with Effective management of inflationary cost expectations; pressures; Volumes across the Group ahead year-on- Leverage actively managed down with year on like-for-like basis; strict discipline on
Slide 5: We invest, improve, integrate and innovate
Investment Case We invest, improve, integrate and innovate* GROUP PRE-NORDKALK NORDKALK ONLY ENTIRE GROUP SINCE IPO IN 2017 2017 to 2022 2021 to 2022 2017 to 2022 +18.7% +8.0% +39.7% Invested Improved Invested Improved Invested Improved EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA *NOTES: Based on FY22
Slide 6: Resilient demand and diversified end markets
Market backdrop Resilient demand and diversified end markets REVENUE SPLIT BY INDUSTRY END-MARKET PLATFORMS OUTLOOK IMPACT 2% Other CHEMICAL 4% Nordkalk Growing demand as a result of no importation from Russia + 4% Chemical 7% Environment ENVIRONMENT 7% Nordkalk Positive demand in flue gas treatment
Slide 7: Options to control costs & inflation
Cost control Options to control costs & inflation • Approximately 65% of cost base is variable; • Statutory furlough scheme in Belgium, where we have over 500 staff; NORDKALK’s SIGMAROC’s • Effective hedging in place for energy & CO2; WORST ANNUAL EBITDA WORST MONTHLY EBITDA • Dynamic pricing & cont
Slide 8: Net debt and capital allocation
Balance sheet Net debt and capital allocation ABILITY TO DE-LEVER • 4 years left in facility with <3.25x leverage and >4.0x interest cover covenants; Adjusting 2x leverage ratio by • Good cash generation for the period, with focus on de-gearing; adding back growth-related investment becomes: • The G
Slide 9: Strategic initiatives
Quarterly Update Strategic initiatives COUNTRY PLATFORM BUSINESS ACTIVITY UK Channel Islands Ronez • Reserve extensions extending life of mines by approximately 20 years each PPG Poundfield • Finalisation of yard extension with 14 full acres of production capacity up from 7 CCP • Greenbloc applicati
Slide 10: Key takeaways
Quarterly Update Key takeaways TAILWINDS HEADWINDS Tailwinds have outweighed headwinds to date Macro uncertainties remain Agile and flexible management demonstrating resilience against Energy uncertainty continues to weigh on confidence in market headwinds Demand outlook currently encouraging but th
Slide 11: Questions & Answers
SigmaRoc PLC QUESTIONS & ANSWERS Contact us: Suite 1, 15 Ingestre Place, London, W1F 0DU +44 207 129 78 28 [email protected] SigmaRoc STRICTLY CONFIDENTIAL