Sika : Investor Presentation, First Quarter - April 2024
April 15, 2024 at 11:09 pm EDT
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STRONG START TO THE YEAR - RECORD SALES AND HIGH DOUBLE-DIGIT GROWTH IN THE FIRST QUARTER
SIKA COMPANY PRESENTATION Q1 2024
APRIL 16, 2024
HIGHLIGHTS Q1 2024
SUCCESSFUL MBCC ACQUISITION
PROFITABLE GROWTH STRATEGY 2028
MARKET PENETRATION GROWTH
OUTLOOK
HIGHLIGHTS Q1 2024
SUCCESSFUL MBCC ACQUISITION
PROFITABLE GROWTH STRATEGY 2028
MARKET PENETRATION GROWTH
OUTLOOK
HIGHLIGHTS Q1 2024
STRONG START TO THE YEAR
High, double-digit growth of +20.1% in local currencies
Q1 sales of CHF 2,648.0 million (+13.8% in CHF)
Acquisition effect of 19.9%
Negative currency effect of -6.3%
Acquisition of Kwik Bond in the USA
Outlook for fiscal 2024 confirmed
Sales growth in local currencies of 6-9%
Over-proportionalincrease in EBITDA
Confirmation of 2028 strategic targets for sustainable, profitable growth
4
SIKA WITH STRONG START TO THE YEAR
RECORD SALES AND DOUBLE-DIGIT GROWTH IN Q1
+21.1%
+22.4%
0.90
1.21
AMERICAS
EMEA
Q1 2023
Q1 2024
(in CHF billion, growth in LC)
+14.1%
0.53
Asia/Pacific
+20.1%
2.65
GROUP
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SIKA WITH STRONG START TO THE YEAR
RECORD SALES AND DOUBLE-DIGIT GROWTH IN ALL REGIONS
+16.8%
+16.6%
+3.7%
Growth in CHF
+22.4%
+21.1%
+14.1%
Growth in LC
-5.6%
-4.5%
-10.4%
FX impact
+22.2%
+20.7%
+14.1%
Acquisition
16%
84%
Construction
Automotive and
Industry
EMEA
Americas
Asia/Pacific
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CONTINUOUS INVESTMENTS IN FUTURE GROWTH KEY INVESTMENTS IN 2024
Sika has acquired Kwik Bond Polymers, LLC (KBP),
a manufacturer of polymer systems for the refurbishment of concrete infrastructure in the United States.
(April 2024)
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HIGHLIGHTS 2023 - BALANCED BUSINESS MIX
GLOBAL FOOTPRINT IN VERTICAL MARKETS
20%
RESIDENTIAL
30%
INFRASTRUCTURE
35%15%
COMMERCIAL
AUTOMOTIVE & INDUSTRY
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HIGHLIGHTS 2023 - BALANCED BUSINESS MIX
GLOBAL FOOTPRINT
EMERGING MARKETS
41%
59%
REFURBISHMENT
MATURE MARKETS
45%
55%
NEW BUILD
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STRONG TOPLINE DEVELOPMENT OVER THE YEARS WITH OVER-PROPORTIONALPROFITABILITY GROWTH
Net sales
+9.7% in CHF
EBIT
+12.2% in CHF
+14.5%
1.8
CAGR
CAGR
15.0%
+15.8%
1.6
14.2%
10
+17.1%
15.0%
1.4
+16.3%
+3.4%
14.4%
8
11.2
1.2
1.7
13.4%
13.0%
1.0
6
0.8
4
0.6
2018
2019
2020
2021
2022
2023
2018
2019
2020
2021
2022*
2023*
(in CHF bn, growth in LC CAGR +13.3%)
(in CHF bn, in % of net sales - *2022 and 2023 adjusted for one-time effects)
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Disclaimer
Sika AG published this content on
15 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 April 2024 03:08:06 UTC.
Sika AG is the world leader in manufacturing and marketing construction chemicals. Net sales break down by family of products as follows:
- construction chemicals (84.1%): admixtures for concretes and mortars, repair mortars, reinforcement and sealing products, sealants, etc.;
- industrial manufacturing chemicals (15.9%): adhesives and sealants (mainly polyurethanes, glues, and butyls) primarily for the automotive, railway and shipbuilding sectors.
Net sales are distributed geographically as follows: Switzerland (3.5%), France (6%), Europe/Middle East/Africa (30.6%), the United States (21.4%), Americas (9%), China (11.6%), Asia/Pacific (10.4%) and other (7.5%).
SIKA AG 
