HeidelbergCement — FY2016 Earnings Presentation
21 slides from HeidelbergCement's earnings presentation, Feb 14, 2017
Slide 1: HeidelbergCement 2016 Trading Statement
HeidelbergCement 2016 Trading Statement 14 February 2017 Dr. Bernd Scheifele, CEO and Dr. Lorenz Näger, CFO Bridgeport Quarry / US Slide 1 – Trading Statement - 14 February 2017
Slide 2: Contents
Contents Page 1. 2016 Overview 3 2. Results by Group areas 8 3. Outlook 2017 15 4. Appendix 18 Slide 2 – Trading Statement - 14 February 2017
Slide 3: We continue to deliver what we promise
We continue to deliver what we promise Increase in volumes in all business lines Cement volumes up: +3% Aggregates volumes up: +3% Ready-Mix volumes up: +1% High single to double digit organic growth Operating EBITDA organic growth: +5% Operating Income organic growth: +6% Focus on Italcem
Slide 4: Group Overview - Q4 2016
Group Overview - Q4 2016 EBITDA organic growth achieved despite negative weather impact in US, Prairie Provinces in Canada, Germany and weak market condition in Indonesia. Strong volume growth in US, UK, Benelux and Nordics more than compensates the pressure in Southern Europe and weather relate
Slide 5: Q4 2016 EBITDA bridge
Q4 2016 EBITDA bridge €m +2.0% 16 827 818 818 20 811 -7 11 Q4 2015 Currency Q4 2015 Operational Q4 2016 CO2 provison Scope Q4 2016 Proforma EBITDA LfL EBITDA development LfL EBITDA Proforma EBITDA Organic growth continues All values based on proforma figures. Slide 5 – Trading Statement - 14 Februar
Slide 6: Group Sales Volumes
Group Sales Volumes Q4 2015 Q4 2016 North America Western and Southern Europe Asia-Pacific -6% +1% +11% -2% 0% +5% -3% +4% 30.2 28.3 -14% 19.3 19.5 9.5 10.5 8.9 8.8 7.1 7.1 4.4 4.6 3.1 3.0 3.8 4.0 1.8 1.5 Cement Aggregates Ready Mix Cement Aggregates Ready Mix Cement Aggregates Ready Mix Northern an
Slide 7: Contents
Contents Page 1. 2016 Overview 3 2. Results by Group areas 8 3. Outlook 2017 15 4. Appendix 18 Slide 7 – Trading Statement - 14 February 2017
Slide 8: North America
North America USA: – Unfavourable weather conditions leads to early stop of construction season compared to last year. – Cement: solid volume development in all regions; prices significantly above prior year. – Aggregates: strong price development; volumes below prior year driven mainly by Pennsyl
Slide 9: Western and Southern Europe
Western and Southern Europe Q4 2016 results negatively impacted due to currency (-10m€), CO2 (-17m€) and scope changes (-10m€). UK: Continued market growth despite Brexit uncertainties, solid result improvement but currency impact. Germany: Solid demand on high level as particular residential
Slide 10: Northern and Eastern Europe-Central Asia
Northern and Eastern Europe-Central Asia Northern Europe: Increased building materials demand in Sweden, especially in residential; volumes in Norway up clearly and better than expected as a result infrastructure projects we are involved in. Poland: Solid volume increase mainly driven by residen
Slide 11: Asia Pacific
Asia Pacific Australia: Solid result development driven by strong residential construction demand and integrated supply chain management; strong demand on the East Coast compensates for weaker mining sector. Indonesia: Volume and price erosion stabilized through the end of the year; strict cost
Slide 12: Africa - Eastern Mediterranean Basin
Africa - Eastern Mediterranean Basin Egypt: Slightly higher cement demand and reorganization have contributed positive to the results. Morocco: Strong growth in cement volumes supported by infrastructure projects; solid result development. Tanzania: Good market demand; price pressure from incr
Slide 13: Group Services
Group Services International sales volumes reach above 20mt. EBITDA is negatively affected by fierce competition and rising margin pressure. Group Services Full Year Q4 2015 2016 variance L-f-L 2015 2016 variance L-f-L Operational result (EURm) Revenue 1,236 1,162 -74 -6.0 % -6.3 % 320 340 20 6.
Slide 14: Contents
Contents Page 1. 2016 Overview 3 2. Results by Group areas 8 3. Outlook 2017 15 4. Appendix 18 Slide 14 – Trading Statement - 14 February 2017
Slide 15: Global cement demand outlook 2017
Global cement demand outlook 2017 Russia Recovery North America: UK: +2% Solid growth in US; recovery in Canada Stagnant +1% +1% 0% Japan: Europe: +2%+2% Turkey: Slight increase Modest recovery China: 2% +2% Stagnant A slight decline +1% +4% +2% 0% 0% +5% +2% -1% +1% North Africa: +2% +5% -5% Egypt:
Slide 16: Overview of our key markets
Overview of our key markets UK: Continue to outperform the markets as a result of superior footprint and fully integrated business. Germany: Demand continues to grow. Benelux: Recovery continues in Netherlands; Belgium coming back from low levels Nordics: Another strong year ahead. US: Strong underl
Slide 17: Contents
Contents Page 1. 2016 Overview 3 2. Results by Group areas 8 3. Outlook 2017 15 4. Appendix 18 Slide 17 – Trading Statement - 14 February 2017
Slide 18: Volume and price development (Full Year)
Volume and price development (Full Year) Domestic gray cement Aggregates Ready Mix Volume Price Volume Price Volume Price Total US ++ ++ + ++ -- ++ Canada -- + - -- -- - Belgium - + -- - -- + Netherlands ++ + -- ++ -- ++ Germany ++ - ++ + ++ - France - -- - - + -- Italy -- - -- ++ - -- Spain -- -- -
Slide 19: Currency and Scope Impacts
Currency and Scope Impacts Cement Volume December Year to Date Q4 Revenues December Year to Date Q4 Cons. Decons. Curr. Cons. Decons. Curr. Cons. Decons. Curr. Cons. Decons. Curr. North America 0 0 0 0 0 0 North America 0 0 -17 0 0 17 West & South Europe 0 0 0 0 0 0 West & South Europe 0 -55 -169 0
Slide 20: Contact information and event calendar
Contact information and event calendar Event calendar Contact information Investor Relations 16 March 2017 2016 annual results Mr. Ozan Kacar Phone: +49 (0) 6221 481 13925 10 May 2017 2017 first quarter results Fax: +49 (0) 6221 481 13217 10 May 2017 2017 AGM Mr. Piotr Jelitto 01 August 2017 2017 ha
Slide 21: Disclaimer
Disclaimer Unless otherwise indicated, the financial information provided herein has been prepared under International Financial Reporting Standards (IFRS). This presentation contains forward-looking statements and information. Forward-looking statements and information are statements that are not h