Forterra Plc · LSE:FORT
Forterra — Corporate Update (May 2018)
6 slides from Forterra's corporate update, May 22, 2018
Slide 1: Brick Capacity Expansion, Desford
Forterra plc Brick Capacity Expansion Desford 22 May 2018
Slide 2: UK housing market background
UK housing market background Structural upward momentum of the UK housing market underpinned by favourable market drivers UK housing completions remain well below historic levels Cumulative -41 -14 -19 -34 5 47 124 170 264 360 486 585 694 774 846 913 deficit 270 109 72 80 67 99 126 28 39 94 Units ('
Slide 3: Favourable dynamics within the UK brick market
Favourable dynamics within the UK brick market UK brick supply and demand dynamics Favourable supply/demand 2.5 dynamic Bricks (billion) 2.0 • 2017 saw demand increase ahead of 1.5 production levels, leading to an increase 1.0 in the level of 2012 2013 2014 2015 2016 2017 imports within the UK produ
Slide 4: Planned expansion at Desford
Planned expansion at Desford Capacity – 2018 vs proposed Capacity expansion at Million bricks 2018 Proposed Swillington and Clockhouse remain future options Desford 85 180 Other brick sites 505 505 Total 590 685 Swillington Increase 16.1% Howley Park Desford range Desford currently produces a range
Slide 5: Expected capex and timing
Expected capex and timing Project cost profile Project timing – key dates Enabling and planning 2018 Planning consent 2018 - 2019 Infrastructure development 2019 Plant installation 2020 - 2021 Plant commissioning 2021 Full production commences 2022 5
Slide 6: Project benefits
Project benefits Customers - Flexibility to continue serving customers - Ability to meet demand as the market grows and support the Government’s -------------- -- commitment to housebuilding - Existing product range strongly established and widely used Manufacturing excellence - Replaces existing ex