Page 48 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
Cumulative growth and returns...
EBITDA improvement1
Invested EBITDA at each acquisition
RONEZ 20172
Improved EBITDA based on FY23
PRE NORDKALK 20213 PRE CRH LIME4
+29%
+57%
+60%
EBITDA ACQUISITION MULTIPLES
2017-2023
2021-2023
2017-2023
9.0x
Pre synergies
1Excludes corporate overheads
5.6x
6.9x
4.4x 6.7x
5.3x
Post synergies & improvements
2Ronez only 3Everything pre Nordkalk 4Everything pre CRH lime
Norkalk limestone quarry in Pargas, FInland