Page 12 - Sigmaroc Annual-Report 2023
P. 12
SIGMAROC ANNUAL REPORT 2023
STRATEGIC REPORT
Investment case
1|
Building a leading lime and limestone group
By targeting assets across North Europe
#1 in 5 countries1
Countries: UK, Ireland, Norway, Sweden, and Finland.
2|
Sustainable growth market
Across all target markets from 2017 - 2031
Leadership position:
Predicted average value growth in lime and limestone in our target markets:
+4% p.a.
Target markets: Steel, construction, pulp & paper, environment, chemical, food.
3|
Track record of improving
businesses
Disciplined capital allocation with a track record of value-enhancing acquisitions.
EBITDA improvement:
+29%
Average improvement for all acquired businesses
4|
Strong asset backing
Reserves and resources
2.7 Billion tonnes2
Balance sheet underpinned by extensive access to mineral
5|
Strong acquisition
strategy
Proven track record of delivering attractively priced deals
18 deals at 6.7x
Average multiple
1 Assuming exercise of call options 2 Includes Fels and Ireland
6|
Consistent per share growth
Improving every year since IPO
EPS >8x
EPS growth since 2016
Deals:
EPS:
