A World Leader in Refractories Technology

RHI AG
A World Leader in Refractories Technology
Last update: August 2016
Refractories
Indispensable for industrial high-temperature processes
High temperature
production processes
Refractory products
Steel production
Bricks
Linings
Mixes
 Ceramic refractory products are used in all high- temperature
industrial processes (>1,200°C) since they protect the
production units/furnaces against thermal
(and also mechanical and chemical) stress
 Base materials are Magnesite and Dolomite
(melting point of fused magnesia above 2,800°C)
Cement /
lime production
Glass production
Nonferrous metals
production
Magnesite
Dolomite
RHI is a vertically integrated global provider of high-grade refractory products, systems and services,
which are indispensable for industrial high-temperature processes exceeding 1,200°C
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RHI at one glance
Sales
Production
Headquarters
Technology Center
Mines and
raw material production
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Key facts
Selected key customers
 Focus on production, sale and installation of high-grade
refractory products
 Revenues of € 1.75 bn and operating result of € 124 m in
business year 2015
 Over 30 production sites and more than 70 sales and
service sites, roughly 7,900 employees
 Global partner for over 10,000 customers in more than
180 countries
 Technology leadership with close to the market R&D
facilities and tailor-made products
Steel
Cement
Glass
Nonferrous
Market leader through global presence and
comprehensive portfolio with broad customer base
Customer Industries
Global Market Coverage
Revenues by industry
Revenues by region
RHI Group
57% Emerging
Markets
Raw Materials 2%
21%
Asia
South America
& Mexico
Cement 13%
Nonferrous 9%
Steel 63%
43% Developed
Economies
Western Europe
USA & Canada
27%
Australia
& Japan
13%
Middle East
& Africa
Eastern Europe
15%
11%
7% 5%
GUS
1%
Industrial 35%
Glass 8%
Division Steel
Division Industrial
EEC* 5%
21%
28%
22%
22%
* EEC = Environment, Energy, Chemicals
14%
9%
12%
14%
14%
8% 5%
1%
3
17%
6%
2%
5%
Technological leader through
research and development capabilities
 Close and longstanding co-operation with
customers enables RHI to deliver tailor-made
solutions
 About 170 international experts in global
R&D team
 Active management of intellectual property
(more than 1,500 individual patents)
 Focus on complex, hard-to-replicate products
and services such as full-line services and
functional products
 Historical close relationship with international
research institutes and universities
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Comprehensive offering of products, services and solutions
Replacement
Revenue
Refractory characteristics
Key industries
Refractory applications
Steel
Basic oxygen-,
electric arc furnace,
casting ladles
20 minutes to
2 months
~63%
Systems and solutions for
complete refractory management
Demand correlated to steel output
Cement/
Lime
Kilns
annually
~13%
Investment goods
Consumable product
Longer replacement cycles
Nonferrous
Metals
Glass
Copperconverter
Glass furnace
1 – 10 years
up to 10 years
~9%
~8%
Customized solutions based on
the specific requirements of
various industrial production
processes
Complete lining concepts
including refractory engineering
Wide areas of application
Project driven demand cycles
EnergyEnvironmentChemicals
5
Secondary
reformer
5 – 10 years
~5%
Different kind of refractory products
Selected Raw Materials
Refractory Linings
Magnesite ore
Bricks
Mixes
Linings
Flow Control & Functional Products
Dead-burned magnesia
Fused magnesia
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Slide gates
Nozzles
Purge plugs
Shrouds
Refractories production process (schematic)
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Strategic mining and raw material production assets
Porsgrunn/NOR
(Magnesia)
Drogheda/IRL
(Magnesia)
Radenthein/AT
(Magnesite)
Hochfilzen/AT
(Magnesite)
Dashiqiao/CN
(Magnesite)
Breitenau/AT
(Magnesite)
Marone/IT
(Dolomite)
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Eskisehir/TR
(Magnesite)
RHI Group strategy
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Key figures for the 1st Half-Year 2016
in € Mio.
1st HY 2016
1st HY 2015
Change
Revenue
830.2
902.0
(8.0)%
EBITDA
100.6
102.5
(1.9)%
EBITDA margin
12.1%
11.4%
0.7pp
Operating EBIT
70.2
68.6
2.3%
8.5%
7.6%
0.9pp
68.6
68.6
0.0%
8.3%
7.6%
0.7pp
Profit before income tax
62.9
63.0
(0.2)%
Profit after income tax
38.9
44.6
(12.8)%
Operating EBIT margin
EBIT
EBIT margin
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Results for business year 2015
in € Mio.
Revenue
2015
2014
Change
1,752.5
1,721.2
+1.8%
EBITDA
140.0
199.4
(29.8)%
EBITDA margin
8.0%
11.6%
(3.6)pp
Operating EBIT
124.1
141.9
(12.5)%
Operating EBIT margin
7.1%
8.2%
(1.1)pp
37.5
109.3
(65.7)%
2.1%
6.4%
(4.3)pp
Profit before income tax
27.4
84.8
(67.7)%
Profit
17.6
52.5
(66.5)%
Dividend per share (in €)
0.75
0.75
-
7,898
8,016
(1.5)%
EBIT
EBIT margin
Employees
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Key figures by division for 2015
in € Mio.
Revenue
Steel Division
Industrial Division
Raw Materials Division
2015
2014
Change
1,099.9
614.6
272.6
1,108.8
566.6
303.3
(0.8)%
+8.5%
(10.1)%
38.0
234.6
45.8
257.5
(17.0)%
(8.9)%
64.3
65.0
(5.2)
93.1
48.6
0.2
(30.9)%
+33.7%
(2.700,0)%
5.8%
10.6%
(1.9)%
8.4%
8.6%
0.1%
(2.6)pp
+2.0pp
(2.0)pp
EBIT
Steel Division
Industrial Division
Raw Materials Division
63.4
58.9
(84.8)
91.4
34.9
(17.0)
(30.6)%
+68.8%
(398.8)%
EBIT margin
Steel Division
Industrial Division
Raw Materials Division
5.8%
9.6%
(31.1)%
8.2%
6.2%
(5.6)%
(2.4)pp
+3.4pp
(25.5)pp
External revenue
Internal revenue
Operating result1
Steel Division
Industrial Division
Raw Materials Division
Operating result margin
Steel Division
Industrial Division
Raw Materials Division2
1 EBIT before impairment losses, restructuring effects and result from the US Chapter 11 proceedings
2 Margin on the Basis of internal and external revenues
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RHI share price & shareholder structure
Shareholder structure
< 65% Free float
> 25% MSP Foundation,
Liechtenstein
> 5 % Chestnut
Beteiligungsgesellschaft mbH*,
Germany
> 5 % Silver
Beteiligungsgesellschaft mbH*,
Germany
* Joint voting rights
Corporate calendar
Information on RHI share
Results of the 3rd quarter 2016: Nov. 8, 2016
Number of shares issued:
39,819,039
ISIN:
AT000676903
Dividend per share:
€ 0.75
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RHI share performance
Established brands
The RHI brand comprises a series of successfully established trade marks:
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RHI history
In 1881 Carl Spaeter discovered a magnesite
deposit in Veitsch (Austria) and founded Veitscher
Magnesitwerke Actien-Gesellschaft in 1899.
Veitsch-Radex
2010: 100% acquisition of
Didier-Werke AG
1993: Merger Veitsch-Radex
AG, today Veitsch-Radex
GmbH & Co OG is a 100%
subsidiary of RHI AG
2008: acquisition of the
FOSECO plants
Bonnybridge & Saybrook
2012: 100% acquisition
of Stopinc AG/CH
1999: Takeover of
GIT/Harbison-Walker
In 1908 Emil Winter acquired the mining rights for a
magnesite deposit at Millstätter Alpe (Austria) and
founded the “Austro-American Magnesite Company“
(later Radex Austria).
2016: Monofrax sold
2006: Heraklith
sold
1993: Acquisition
REFEL
Since 1998: RHI AG,
prev. Radex-Heraklith
Industriebeteiligungs AG
1989: Acquisition
NARCO
In 1834 Friedrich Ferdinand Didier founded
the factory Chamottefabrik F. Didier in
Podejuch near Stettin, then Prussia. Didier
thus became one of the first producers of
refractory bricks in Germany.
Founded in 1919 by Attilio Franchi.
.
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1966: Acquisition
STOPINC
1995 RHI acquired a
majority holding in
Didier-Werke AG
1993 RHI acquired a majority holding
of Dolomite Franchi
2001: Deconsolidation
of GIT/HarbisonWalker, NARCO
2007: Integration
Monofrax
2013: Acquisition
of 69.6% stake in
ORL/IN
2011: Acquisitions
ZAO Podolsk/RU
Premier Periclase Ltd./IRL
SMA AS/NOR
www.rhi-ag.com
RHI AG, Corporate Communications
Dr. Randolf Fochler
Wienerbergstrasse 9, 1100 Vienna, Austria
Tel.: +43 50213-6120
E-Mail: [email protected]
Important notice:
These materials do not constitute or form part, or all, of any offer of invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any
securities in any jurisdiction in which such solicitation, offer or sale would be unlawful, nor shall part, or all, of these materials form the basis of, or be relied
on in connection with, any contract or investment decision in relation to any securities.
These materials contain forward-looking statements based on the currently held beliefs and assumptions of the management of RHI AG (“RHI”), which are
expressed in good faith and, in their opinion, reasonable. Theses statements may be identified by words such as “expectation” or “target” and similar
expressions, or by their context. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual
results, financial condition, performance, or achievements of RHI to differ materially from the results, financial condition, performance or achievements
express or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to
place undue reliance on these forward-looking statements. RHI disclaims any obligation to update these forward-looking statements to reflect future events
or developments.
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