Restructuring, litigation and other Restructuring, litigation and other non-recurring costs non-recurring costs comprise significant items that, because of their exceptional nature, cannot be viewed as inherent to the Group's ongoing performance, such as strategic restructuring, major items relating to antitrust fines and other business related litigation cases. Profit/loss on disposals and other Profit/loss on disposals and other non-operating items non-operating items comprise capital gains or losses on the sale of Group companies and of material property, plant and equipment and other non-operating items that are not directly related to the Group's normal operating activities such as revaluation gains or losses on previously held equity interests, disputes with non-controlling interest and other major lawsuits. Net income/loss before impairment and Net income/loss before impairment and divestments divestments excludes impairment charges and capital gains and losses arising on disposals of investments which, because of their exceptional nature, cannot be viewed as inherent to the Group's ongoing activities. It is defined as: +/- Net income/loss - gains and losses on disposals of Group companies - impairments of goodwill and long-term assets EPS (Earnings Per Share) before The EPS (Earnings Per Share) before impairment and divestments impairment and divestments is an indicator that measures the theoretical profitability per share of stock outstanding based on a net income/loss before impairment and divestments. It is defined as Net income/loss before impairment and divestments attributable to the shareholders of LafargeHolcim divided by the weighted average number of shares outstanding. Capex or Capex Net (Net Maintenance The Capex or Capex Net (Net and Expansion Capex) Maintenance and Expansion Capex) is an indicator to measure the cash spent to maintain or expand its asset base. It is defined as: + Expenditure to increase existing or create additional capacity to produce, distribute or provide services for existing products (expansion) or to diversify into new products or markets (diversification) + Expenditure to sustain the functional capacity of a particular component, assembly, equipment, production line or the whole plant, which may or may not generate a change of the resulting cash flow -- Proceeds from sale of property, plant and equipment Free Cash Flow after leases The Free Cash Flow after leases is an indicator to measure the level of cash generated by the Group after spending cash to maintain or expand its asset base. It is defined as: +/-- Cash flow from operating activities -- Net Maintenance and Expansion Capex -- Repayment of long-term lease liabilities Net financial debt ("Net debt") The Net financial debt ("net debt") is an indicator to measure the financial debt of the Group after deduction of the cash. It is defined as: + Financial liabilities (short-term and long-term) including derivative liabilities -- Cash and cash equivalents -- Derivative assets (short-term and long-term) Debt Leverage The Net financial debt to Recurring EBITDA ratio is used as an indicator of financial risk and shows how many years it would take the Group to pay back its debt. Cash conversion The cash conversion is an indicator that measures the Group's ability to convert profits into available cash. It is defined as Free Cash Flow after leases divided by Recurring EBITDA after leases.
ADDITIONAL INFORMATION
The analyst presentation of the results and our 2020 half-year report are available on our website at www.lafargeholcim.com
The financial statements are based on IFRS can be found on the LafargeHolcim Group website.
Media conference: 09:00 CET Analyst conference: 10:00 CET Switzerland: +41 58 310 5000 France: +33 1 7091 8706 UK: +44 207 107 0613 US: +1 631 570 5613
About LafargeHolcim
LafargeHolcim is the global leader in building materials and solutions and active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. Its ambition is to lead the industry in reducing carbon emissions and shifting towards low-carbon construction. With the strongest R&D organization in the industry, the company seeks to constantly introduce and promote high-quality and sustainable building materials and solutions to its customers worldwide - whether individual homebuilders or developers of major infrastructure projects. LafargeHolcim employs over 70,000 employees in over 70 countries and has a portfolio that is equally balanced between developing and mature markets.
More information is available on www.lafargeholcim.com
Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although LafargeHolcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of LafargeHolcim, including but not limited to the risks described in the LafargeHolcim's annual report available on its website (www.lafargeholcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. LafargeHolcim does not undertake to provide updates of these forward-looking statements.
(1) After leases
(2) Group share
(3) Before impairment and divestments
(4) Subject to pandemic-related uncertainties
View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005862/en/
CONTACT: Media Relations:
media@lafargeholcim.com
+41 (0) 58 858 87 10
Investor Relations:
investor.relations@lafargeholcim.com
+41 (0) 58 858 87 87
SOURCE: LafargeHolcim Copyright Business Wire 2020