0
April 2015
1 - Group Communication & IR
HeidelbergCement
Group presentation
Scantogo clinker plant in Togo
April 2015
2 - Group Communication & IR
HeidelbergCement: history and development
1873 Foundation
1977 Lehigh, USA
1989 Ce...
April 2015
3 - Group Communication & IR
HeidelbergCement in the world
Cement
Aggregates
  No 1 in aggregates
  No 2 in r...
April 2015
4 - Group Communication & IR
HeidelbergCement in figures
  45,000 employees
  Core business
–  Aggregates
–  ...
April 2015
5 - Group Communication & IR
Managing Board – responsibilities since 2009
Dr. Bernd Scheifele
Chairman of the
M...
April 2015
6 - Group Communication & IR
2014: Best year in operational terms since financial crisis
1) Adjusted for consol...
April 2015
7 - Group Communication & IR
88 89
78
2013*20122011 2014
82
254 243 231
2014
244
20122011 2013*
39 39 35
2014
3...
April 2015
8 - Group Communication & IR
534 529
933
0
2014
687
2013*20122)2011
400
200
300
100
1.000
900
800
700
600
500
5...
April 2015
9 - Group Communication & IR
  Eastern Europe- Central
Asia
Bosnia-Herzegovina, Croatia,
Czech Republic, Georg...
April 2015
10 - Group Communication & IR
HeidelbergCement’s Group areas
Split up into mature and emerging markets
North Am...
April 2015
11 - Group Communication & IR
High aggregates reserves of 18 bnt: focus on mature
markets
North America 2013 20...
April 2015
12 - Group Communication & IR
Cement capacity of 113 mt: focus on emerging markets
GDP prognosis 2012–2017 in %...
April 2015
13 - Group Communication & IR
  Production sites in 11 countries – mature markets
  Market leader in cement i...
April 2015
14 - Group Communication & IR
Eastern Europe-Central Asia
  Production sites in 11 countries – growth markets
...
April 2015
15 - Group Communication & IR
  Leading positions in aggregates, cement, ready-mixed
concrete, and asphalt
  ...
April 2015
16 - Group Communication & IR
  Asia
–  Activities in 7 countries: Bangladesh, Brunei, China, India,
Indonesia...
April 2015
17 - Group Communication & IR
Africa-Mediterranean Basin
  Africa
–  Production sites in 8 countries: Benin, B...
April 2015
18 - Group Communication & IR
Revenue: €m 1,077
Group Services
  HC Trading
–  One of the largest cement and c...
April 2015
19 - Group Communication & IR
Vancouver
San Francisco
Los Angeles Dallas
Atlanta
New York
Toronto
Chicago
Londo...
April 2015
20 - Group Communication & IR
Kazakhstan (2014): Shetpe
0.8 mt cement
India (2013): Damoh
2.9 mt cement
Indones...
April 2015
21 - Group Communication & IR
HeidelbergCement strategy
  Dual external growth strategy
–  Cement in emerging ...
April 2015
22 - Group Communication & IR
Building on sustainability
  Economy
–  Long-term prospects to everyone connecte...
April 2015
23 - Group Communication & IR
5.5%
21.0%
1990 2014
783 609
1990 2014
-21%
Biodiversity and
natural resources
 ...
April 2015
24 - Group Communication & IR
  Solid growth in key markets
-  Continued recovery in the USA and UK
-  Good de...
April 2015
25 - Group Communication & IR
Conclusion
  HeidelbergCement is a company with
–  excellent market position and...
April 2015
26 - Group Communication & IR
for better building
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HeidelbergCement Group Presentation

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HeidelbergCement Group Presentation 2014

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Transcript of "HeidelbergCement Group Presentation"

  1. 1. April 2015 1 - Group Communication & IR HeidelbergCement Group presentation Scantogo clinker plant in Togo
  2. 2. April 2015 2 - Group Communication & IR HeidelbergCement: history and development 1873 Foundation 1977 Lehigh, USA 1989 Central and Eastern Europe 1993 CBR 1995/96 China, Turkey 1999 Scancem 2001 Indocement, Indonesia 2002/03 2005/06 Kazakhstan, India, Georgia 2007 Hanson 2010 Democratic Republic Congo Market leader in Romania, Ukraine, Germany Founded in 1873; today, no 1 in aggregates and one of the largest cement producers in the world 2014 Sale of building products North America & UK
  3. 3. April 2015 3 - Group Communication & IR HeidelbergCement in the world Cement Aggregates   No 1 in aggregates   No 2 in ready-mixed concrete   No 3 in cement
  4. 4. April 2015 4 - Group Communication & IR HeidelbergCement in figures   45,000 employees   Core business –  Aggregates –  Cement –  Downstream activities: ready-mixed concrete and asphalt   2,350 locations in more than 40 countries –  500 production sites for sand, gravel, and crushed rock –  102 cement and grinding plants –  1,300 ready-mixed concrete plants –  110 asphalt plants   Cement capacity 129 million tonnes (incl. joint ventures)   Aggregates reserves 18 billion tonnes
  5. 5. April 2015 5 - Group Communication & IR Managing Board – responsibilities since 2009 Dr. Bernd Scheifele Chairman of the Managing Board Dr. Lorenz Näger Chief Financial Officer Dr. Dominik v. Achten Deputy Chairman and North America Daniel Gauthier Western and Northern Europe (excl. Germany), Africa-Mediterran. Basin, Group Services Andreas Kern Eastern Europe-Central Asia, Germany Dr. Albert Scheuer Asia-Pacific
  6. 6. April 2015 6 - Group Communication & IR 2014: Best year in operational terms since financial crisis 1) Adjusted for consolidation and exchange rate effects   Strong operational performance despite negative exchange rate effects –  Sales volumes rose in all business lines –  Revenue up 4% to €bn 12.6 (like-for-like1) +8%) –  Operating income up 5% to €bn 1.6 (like-for-like1) +13%) –  Net debt significantly reduced to €bn 6.9   Disposal of the building products in North America and the United Kingdom   Expansion in attractive markets continues –  2014: more than 5 mt new capacities commissioned in Africa, Indonesia and Kazakhstan –  2015: more than 5 mt to come on-line in Indonesia and Africa   Continuous focus on performance and margin improvement programmes –  “PERFORM” in the cement business, “CLIMB Commercial” in the aggregates business and “LEO” for logistics optimisation were very successful –  Start of “Continuous Improvement Program” (CIP) to safeguard the achievements of the past and continuously improve cost savings and efficiency in the cement business
  7. 7. April 2015 7 - Group Communication & IR 88 89 78 2013*20122011 2014 82 254 243 231 2014 244 20122011 2013* 39 39 35 2014 37 20122011 2013* 10 89 2014 9 20122011 2013* +1% +5% +6% +0% +11% -4% +5% -10% Ready-mixed concrete (mm3) Cement (mt) Aggregates (mt) Asphalt (mt) January–December Development of sales volumes *Amounts restated
  8. 8. April 2015 8 - Group Communication & IR 534 529 933 0 2014 687 2013*20122)2011 400 200 300 100 1.000 900 800 700 600 500 5,000 0 12,128 20142012 12,614 14,020 2013*2011 10,000 15,000 12,902 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2014 1,595 2013* 1,519 2012 1,604 2011 1,474 +4%1) +9% +5%1)+9% -1% Revenue Operating income Profit for the financial year Key figures (€m) -26% 1)  Adjusted for consolidation and exchange rate effects: revenue +8% and operating income +13% 2)  2013 profit for the financial year includes non-recurring effects of €m 420 *Amounts restated 2)
  9. 9. April 2015 9 - Group Communication & IR   Eastern Europe- Central Asia Bosnia-Herzegovina, Croatia, Czech Republic, Georgia, Hungary, Kazakhstan, Poland, Romania, Russia, Slovakia, Ukraine Group areas and countries   North America Canada USA   Group Services   Asia-Pacific Bangladesh, Brunei, China, India, Indonesia, Malaysia, Singapore Australia   Western and Northern Europe Belgium, Denmark, Estonia, Germany, Iceland, Latvia, Lithuania, Netherlands, Norway, Sweden, UK   Africa- Mediterranean Basin Benin, Burkina Faso, DR Congo, Ghana, Liberia, Sierra Leone, Tanzania, Togo Israel, Spain, Turkey
  10. 10. April 2015 10 - Group Communication & IR HeidelbergCement’s Group areas Split up into mature and emerging markets North America Western and Northern Europe Asia-Pacific Eastern Europe- Central Asia Africa- Mediterranean Basin 8% 24% 10% 25% 33% Revenue in 2014 42% emerging markets 58% mature markets
  11. 11. April 2015 11 - Group Communication & IR High aggregates reserves of 18 bnt: focus on mature markets North America 2013 2014 Aggregates sales (mt) 104.1 110.5 Total aggregates reserves: 12.7 bnt Western and Northern Europe 2013* 2014 Aggregates sales (mt) 62.1 65.2 Total aggregates reserves: 3.2 bnt Eastern Europe- Central Asia 2013* 2014 Aggregates sales (mt) 18.7 20.4 Total aggregates reserves: 0.8 bnt Africa- Mediterranean Basin 2013* 2014 Aggregates sales (mt) 11.3 10.8 Total aggregates reserves: 0.3 bnt Asia-Pacific 2013’ 2014 Aggregates sales (mt) 36.2 37.7 Total aggregates reserves: 1.4 bnt 2% 17%7%5% 69% 14% emerging markets 86% mature markets Aggregates reserves Total AGG reserves: ~ 18 bnt - Thereof mature markets: ~ 16 bnt Years of production: ~ 80 y High intrinsic value potential *Amounts restated
  12. 12. April 2015 12 - Group Communication & IR Cement capacity of 113 mt: focus on emerging markets GDP prognosis 2012–2017 in % by International Monetary Fund +2.9% +1.6% +3.4% +5.5% +7.8% Africa- Mediterranean Basin 2013* 2014 Cement sales (mt) 6.6 6.4 Cement capacity: 9.5 mt p.a. (Additional capacity of JV: 3.8 mt p.a.) Western and Northern Europe 2013 2014 Cement sales (mt) 20.9 21.6 Cement capacity: 32.8 mt p.a. Eastern Europe- Central Asia 2013* 2014 Cement sales (mt) 16.0 17.1 Cement capacity: 28.4 mt p.a. (Additional capacity of JV: 2.1 mt p.a.) Asia-Pacific 2013* 2014 Cement sales (mt) 23.4 24.6 Cement capacity: 29.0 mt p.a. (Additional capacity of JV: 10.1 mt p.a.) North America 2013* 2014 Cement sales (mt) 11.6 12.1 Cement capacity: 12.9 mt p.a. (Additional capacity of JV: 0.6 mt p.a.) 10% 30% 24% 11% 25%64% emerging markets 36% mature markets Total cement capacity incl. JV Total cement capacity incl. joint ventures: 129 mt *Amounts restated
  13. 13. April 2015 13 - Group Communication & IR   Production sites in 11 countries – mature markets   Market leader in cement in most countries of the Group area   Tight network of production sites for aggregates and ready-mixed concrete Western and Northern Europe Cement/grinding 26 GGBS 3 Cement terminals 60 Aggregates 147 Aggregates terminals 47 Ready-mixed concrete 585 Asphalt 42 Concrete products/precast 30
  14. 14. April 2015 14 - Group Communication & IR Eastern Europe-Central Asia   Production sites in 11 countries – growth markets   Market leader in cement in most countries of the Group area -  Cement capacity expanded in Kazakhstan   Expansion of aggregates and ready-mixed concrete activities Cement/grinding 22 Cement terminals 22 Aggregates 67 Aggregates terminals 6 Ready-mixed concrete 207 Concrete products/precast 3
  15. 15. April 2015 15 - Group Communication & IR   Leading positions in aggregates, cement, ready-mixed concrete, and asphalt   Production sites mainly in the eastern part of the USA, in the southwest and on the west coast of the USA, as well as in the western provinces of Canada   Integrated market approach for cement, aggregates, asphalt, and ready-mixed concrete in four regions: North, South, West, and Canada North America Cement/grinding 16 GGBS 1 Cement terminals 47 Aggregates 187 Aggregates terminals 18 Ready-mixed concrete 149 Asphalt 48 Concrete products/precast 3
  16. 16. April 2015 16 - Group Communication & IR   Asia –  Activities in 7 countries: Bangladesh, Brunei, China, India, Indonesia, Malaysia, Singapore –  Expansion of cement capacities in Indonesia –  Strong market position in aggregates and ready-mixed concrete in Malaysia; expansion in Indonesia   Australia –  Mainly production of aggregates and ready-mixed concrete –  Production sites on the east coast, Tasmania, and in the south west –  50:50 joint venture in four cement plants Asia-Pacific Cement/grinding 18 Cement terminals 10 Aggregates 84 Ready-mixed concrete 298 Asphalt 20 Concrete products/precast 2
  17. 17. April 2015 17 - Group Communication & IR Africa-Mediterranean Basin   Africa –  Production sites in 8 countries: Benin, Burkina Faso, DR Congo, Ghana, Liberia, Sierra Leone, Tanzania, and Togo –  Mainly cement production and little production of aggregates; market leader in most countries –  Cement capacities expanded in Togo, Tanzania, and Burkina Faso   Mediterranean Basin –  Production sites in Turkey, Israel, Spain –  Turkey: leading position in cement and ready-mixed concrete; production of aggregates –  Israel and Spain: ready-mixed concrete and aggregates Cement/grinding 16 Cement terminals 6 Aggregates 18 Ready-mixed concrete 75 Asphalt 2
  18. 18. April 2015 18 - Group Communication & IR Revenue: €m 1,077 Group Services   HC Trading –  One of the largest cement and clinker trading companies in the world –  Deliveries via sea routes to own locations and other cement companies –  15.1 mt cement, clinker, and other building products in 2014 –  6.4 mt coal and petroleum coke in 2014 –  Worldwide trading network with offices in 15 countries
  19. 19. April 2015 19 - Group Communication & IR Vancouver San Francisco Los Angeles Dallas Atlanta New York Toronto Chicago London Frankfurt St. Petersburg Moscow Istanbul Delhi Mumbai Bangalore Guangzhou Hong Kong Singapore Kuala Lumpur Jakarta Perth Edmonton Seattle San Diego Houston HeidelbergCement well positioned in attractive micro marketsCement Aggregates Metropolis •  Strong market position in urban centers (Frankfurt, Munich, London, San Francisco, Los Angeles, Jakarta, Kuala Lumpur, Hong Kong, Sydney…) •  Nearby important raw material markets (Western Canada, Texas, Norway, Ghana, Tanzania, Australia) Brisbane Sydney Melbourne
  20. 20. April 2015 20 - Group Communication & IR Kazakhstan (2014): Shetpe 0.8 mt cement India (2013): Damoh 2.9 mt cement Indonesia (2020/25): 2−4 mt cement Brownfield Greenfield Burkina Faso (2014): 0.8 mt cement Ghana: 1.0 mt cement (2012) 0.8 mt cement (2015) Indonesia – outside Java (2020/25): 2−4 mt cement Indonesia (2015): Citeureup expansion 4.4 mt cement Togo (2014): 1.5 mt clinker Indonesia (2014): 1.9 mt cement Togo (2017): 0.25 mt cement Tanzania: 0.25 mt clinker (2012) 0.8 mt cement (2014) "  " " " Liberia (2013): 0.5 mt cement Expansion – over 5 mt came on-line in 2014 Further growth in attractive emerging markets at efficient investment costs " " " " "
  21. 21. April 2015 21 - Group Communication & IR HeidelbergCement strategy   Dual external growth strategy –  Cement in emerging markets –  Aggregates and ready-mixed concrete in mature markets and North America   Focus on continuing increase in efficiency in all areas and cost leadership   Performance and result-oriented corporate culture   Proximity to operating business   Openness and fairness as soft factors of success
  22. 22. April 2015 22 - Group Communication & IR Building on sustainability   Economy –  Long-term prospects to everyone connected with our economic activities   Ecology –  Climate protection, saving natural resources, minimising environmental impacts   Social responsibility towards our employees and communities –  Opportunities for personal and professional development –  Open dialogue with local communities –  Involvement in numerous local social activities
  23. 23. April 2015 23 - Group Communication & IR 5.5% 21.0% 1990 2014 783 609 1990 2014 -21% Biodiversity and natural resources  Alternative fuel rate (in % of fuel mix)  Cement with low clinker content  Recyclable products  Innovative products: e.g.TioCem® Occupational health and safety Using waste as a resource Protection of climate and environment Sustainable construction  Zero accidents mentality  Policies introduced  Compliance  Conservation of resources  Restoration of quarries  Promotion of biodiversity  Dialogue with stakeholders  Reduction of specific CO2 emissions (kg CO2/t of cement) Long-term commitment for sustainability Sustainability at HC
  24. 24. April 2015 24 - Group Communication & IR   Solid growth in key markets -  Continued recovery in the USA and UK -  Good development in Germany, Australia and Northern Europe; further stabilisation in Eastern Europe -  Rising sales volumes in Indonesia and India due to growing demand and expanded capacities -  Solid growth in Africa due to high demand and additional capacities   Significant tailwind -  Strong decline in oil price will have positive effect on energy costs -  Positive currency effect driven by weak euro   New capacities in Indonesia and Africa will contribute to the result Outlook 2015   Sales volume growth in all Group areas   Significant increase in revenue, operating income, and profit for the financial year   Earn cost of capital   Decrease in financing costs
  25. 25. April 2015 25 - Group Communication & IR Conclusion   HeidelbergCement is a company with –  excellent market position and attractive product portfolio –  strong corporate culture with strict focus on costs   HeidelbergCement focuses on increasing liquidity and deleveraging with the clear goal to return to investment grade   Disciplined investment policy: focus on emerging markets HeidelbergCement is well positioned to benefit over-proportionally from economic recovery
  26. 26. April 2015 26 - Group Communication & IR for better building
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