EANS-News: Wienerberger delivers record results for the first three quarters of 2021 CNE

11/9/2021, 7:30 AM (Source: euro adhoc)
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Financial Figures/Balance Sheet/Company Information

Vienna -
Zwtl.: Highlights

* Excellent performance across all business units, with strong organic growth
  focused on innovative, digital, and sustainable system solutions
* Record financial performance for first three quarters: external revenues of
  EUR 2.9 billion (+14%), EBITDA LFL of EUR 509.1 million (+19%) and net profit
  of EUR 227.3 million
* Outperforming plan to achieve 2023 sustainability targets
* Value-enhancing acquisitions position Wienerberger for further growth

Zwtl.: Outlook for 2021

* Wienerberger anticipates a new record year surpassing the 2019 pre-crisis
  level
* Guidance for EBITDA LFL increased to EUR 650 million
* Additional M&A EBITDA contribution of approx. EUR 15 million expected in 2021

In the third quarter of 2021, following the record performance in Q2 2021, the
Wienerberger Group delivered continued strong momentum, surpassing the highly
successful third quarter of 2020. During the first nine months, revenues
increased to EUR 2.9 billion, up by 14% year-on-year (2020: EUR 2.5 billion).
Excellent supply chain and energy price management contributed to further EBITDA
improvements despite challenging raw material price developments. EBITDA LFL
grew by an impressive 19% to EUR 509.1 million (2020: EUR 428.2 million),
supported by proactive margin management and strict cost discipline. Overall,
Wienerberger delivered a strong financial performance, closing out the first
three quarters of 2021 with a record net profit of EUR 227.3 million.

"The record Q3 net result of EUR 114.7 million corresponds to a 58% increase
compared to the previous year confirms the success of our growth strategy and
shows that, after a strong first half of the year, we reacted appropriately in
the challenging environment of recent months. Thanks to continuing organic
growth focused on digitalization, innovative and sustainable system solutions
for the entire building envelope, we have a full order book, and our plants are
working at a high level of capacity utilization. Especially in view of climate
change, smart solutions for resource-efficient construction and renovation are
continuously gaining in importance. As a global market leader, we want to make
an effective contribution by providing sustainable products for the building
envelope", says Heimo Scheuch, Chairman of the Wienerberger Managing Board.

Zwtl.: Focus on sustainability and organic growth

Given the most recent manifestations of climate change, Wienerberger further
intensified its implementation of its sustainable growth strategy in line with
the Group's ambitious ESG targets. By focusing on its core segments of new
build, renovation and infrastructure, the Wienerberger Group reaffirmed its
excellent market position across all of its Business Units. Wienerberger
continues to pursue organic growth through future-oriented investments.
Moreover, Wienerberger has made three strategically valuable and financially
attractive acquisitions during the course of 2021 to date. The acquisition of
FloPlast in Great Britain and Cork Plastics in Ireland, for example, marked
another step forward on the Group's successful growth path and will increase its
market share in the highly attractive European renovation market. At the same
time, Wienerberger is accelerating its transformation into a provider of full-
range solutions by combining its own portfolio of roofing products with
FloPlast's roofline products, rainwater and water drainage systems. All
entrepreneurial activities continue to be in line with Wienerberger's
sustainability targets and are subject to clear ESG criteria. With its focus on
decarbonization, the circular economy, and biodiversity, Wienerberger is on
track to exceed its plan to reach its 2023 sustainability targets and at the
same time actively supports the European Green Deal and sets the course for the
future.

Heimo Scheuch points out, "The recently closed acquisition of Meridian Brick in
the USA will put Wienerberger in an even better position to take advantage of
the high demand in the new build and renovation segments. Meridian Brick is not
only a perfect fit for the Group's current portfolio of facade solutions but is
committed to the same targets as Wienerberger with its focus on sustainability,
innovative solutions, and digital business models - all intended to create value
for the future and improve people's quality of life."

Zwtl.: Performance of the Business Units

The Wienerberger Building Solutions Business Unit benefited in almost all of its
core markets from a sustained high level of activity in the new build and
renovation segments throughout the summer months and beyond. The growing demand
was positively reflected in all product segments, above all thanks to lively
renovation activity and sustained high demand in new residential construction. A
clear cost management strategy, continuous process optimization combined with
innovative system solutions, and price adjustments to cover cost inflation
provided the basis of the Business Unit's strong performance. Overall,
Wienerberger Building Solutions generated revenues of EUR 603.5 million (2020:
EUR 567.3 million) and contributed EBITDA LFL in the amount of EUR 139.8 million
(2020: EUR 127.9 million) in Q3 2021.

The Wienerberger Piping Solutions Business Unit also continued on the growth
path of the first half of 2021. Despite persistent challenges encountered in the
procurement market, which softened slightly over the summer, demand for
innovative infrastructure solutions and system solutions for in-house
applications remained high. In its pipe business, Wienerberger minimized the
negative impact of rising plastic granulate prices through active margin
management. Wienerberger successfully managed its supply chains and benefited
from its procurement policy, which ensured an uninterrupted supply of raw
materials. Overall, the Business Unit generated external revenues of EUR 312.2
million in Q3 2021, up by 26% year-on-year (2020: EUR 248.4 million). The
profitability of the plastic pipe segment was further improved, with Q3 EBITDA
LFL growing by 24% to EUR 37.3 million (2020: EUR 30.1 million).

Despite the fact that restrictions were again imposed in some regions on account
of the Covid-19 pandemic, the North America Business Unit continued to deliver a
strong performance, boosted by high demand, throughout the summer. This
development was driven, above all, by very high demand for facade solutions as
well as a consistently strong performance of the plastic pipe business. Thanks
to targeted inventory management, the Business Unit reports excellent results
for the first nine months of the year in both Canada and the United States.
Third-quarter revenues came to EUR 111.7 million (2020: EUR 87.9 million), once
more surpassing the previous record of the second quarter of the reporting year.
At EUR 23.6 million, Q3 EBITDA LFL increased substantially by 46% over the same
period of the previous year (2020: EUR 16.1 million) and also set a new record.

Zwtl.: Outlook for 2021

Wienerberger is on track for a new record year with results above the levels
observed in 2020 and 2019. This is contingent on the positive performance of the
three Business Units being maintained and generating additional earnings growth
in the fourth quarter. Value generated within the company along with
Wienerberger's successful transformation into a full-range provider of smart
system solutions for the entire building envelope will support earnings growth
in the fourth quarter.

The general increase in cost inflation and the availability of raw materials
continue to have an impact on Wienerberger's financial performance. Despite
this, Wienerberger has exercised strong control over rising input costs in 2021
as a result of resilient supply chain structures and a successful hedging
policy. As a result of price adjustments implemented in the construction
solutions segment, Wienerberger was able to absorb cost inflation or pass on a
large part of rising input costs and protect profitability both for 2021 and
upcoming years.

Wienerberger expects that the self-help program, which includes further measures
to improve operating performance, will generate an EBITDA improvement of EUR 40
million. Due to the successful growth Wienerberger is therefore raising its
total EBITDA LFL guidance for 2021 to EUR 650 million. This excludes an
additional EBITDA contribution from M&A of approximately EUR 15 million expected
in 2021.

For the complete report on the third quarter of 2021, please visit: https://
www.wienerberger.com/en/investors.html

Zwtl.: Wienerberger Group

The Wienerberger Group is a leading international provider of smart solutions
for the entire building envelope and for infrastructure. Wienerberger is the
world's largest producer of bricks (Porotherm, Terca) and the market leader in
clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers
(Semmelrock) in Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes
and Pipelife plastic pipes), the company is one of the leading suppliers in
Europe. With its total of 197 production sites, the Wienerberger Group generated
revenues of EUR 3.4 billion and EBITDA LFL of EUR 566 million in 2020.

Further inquiry note:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com

Elisabeth Falkner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 - 10221 | investor@wienerberger.com

end of announcement                         euro adhoc
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issuer:       Wienerberger AG
              Wienerbergerplatz 1
              A-1100 Wien
phone:        +43 1 60 192-0
FAX:          +43 1 60 192-10159
mail:         office@wienerberger.com
WWW:          www.wienerberger.com
ISIN:         AT0000831706, AT0000A2GLA0
indexes:      ATX
stockmarkets: Wien
language:     English

EAX0002    2021-11-09/07:30

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