Roadshow Paris 5 October 2011 CFO Gilles Maria and VP Thorkild Diness Jensen The Rockwool Group
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Roadshow Paris – 5 October 2011
Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the group, e.g. the global economic environment, including interest and exchange rate developments, the raw material situation, production and distribution-related issues, breach of contract or unexpected termination of contract, price reductions due to marketdriven price reductions, market acceptance of new products, launches of competitive products and other unforeseen factors.
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Roadshow Paris – 5 October 2011
The Rockwool Group
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Roadshow Paris – 5 October 2011
The Rockwool Group World leader in full performance insulation - thermal, acoustic & fire The world’s second biggest insulation producer Turnover 2010 DKK 11,732 million of which 80% insulation and 20% other stone wool products Company founded in 1909. Insulation activities since 1937 Head office in Copenhagen
Approx. 9,000 employees 26 factories in 17 countries. Sales points in more than 30 countries
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Roadshow Paris – 5 October 2011
Sales distributed on business area
Insulation segment 80%
ROCKFON
2010
GRODAN
Systems segment 20%
ROCKPANEL
LAPINUS FIBRES
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Roadshow Paris – 5 October 2011
Sales distributed on countries
Germany 16%
Others 34% France 14%
2010
The Netherlands 9%
Great Britain 5%
Russia 9%
Poland 6% North America 7%
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Roadshow Paris – 5 October 2011
Rockwool locations
Sales office, administration, etc. Factory
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Roadshow Paris – 5 October 2011
Energy and climate as growth drivers
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Roadshow Paris – 5 October 2011
Sustainable housing key to solve the energy challenge 50% of world population live in urban areas. This will grow to 70% by 2030 Aircon will triple before 2030 (McKinsey/Vattenfall)
CO2 emissions from buildings will grow by 50+% by 2030. Mainly in North America and East Asia (IPCC) Affordable and Sustainable housing should be a main priority
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Roadshow Paris – 5 October 2011
Buildings are the biggest energy consumer and CO2 polluter
33%
26%
41%
of all energy in EU is used for transport
of all energy in EU is used by industry
of all energy in EU is used by buildings
2/3 of energy consumption in buildings is used for heating, cooling and ventilation 10
Roadshow Paris – 5 October 2011
The lowest hanging fruit Insulation is the most profitable CO2 saving; examples from McKinsey study
“saved energy is better than new sources to replace fossil energy”
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Roadshow Paris – 5 October 2011
Insulation – Green by nature Insulation is one of few products which saves more energy during lifetime than used for its production The McKinsey study found that insulation was amongst the most costeffective CO2-abatement measures A typical Rockwool building insulation product save more than 100 times the energy used – a technical insulation product often 20,000 times The CO2 savings of 1 years of Rockwool production during its lifetime is around 4 giga tonnes – that equals one year’s combined emissions from Germany, Russia and India !
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Roadshow Paris – 5 October 2011
Energy efficiency of buildings: Solid trend creates superior growth Short-term stimulus packages for energy refurbishment Long term legal framework for energy renovation of buildings in EU Energy requirements for major renovations now includes all buildings, also
