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1
ImerysImerysEnergy performance
in the construction sector
March 13, 2008
2
World leader in mining and processing industrial minerals
Sales
€3,402 millionOperating
margin
14.1%
Return onCapital Employed
15.0%
d 2007 key figures
R&D expenditures1% of sales
260locations
17,552employees
in 47 countries
16th yearof growth in net
income from current operations
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Leading supplier of industrial minerals
d Essential raw materials provided to a wide range of industrial sectors
MiningProcess:
Beneficiate & Transform
Logistics Logistics
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Diversified markets
d Breakdown of 2007 sales by end market(1)
x%
Industrial Industrial equipmentequipment
Consumer Consumer goods goods
RenovationRenovation
NewNewconstructionconstruction
15%
27%27%
41%41%17%17%
(1) Imerys estimates
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d Variety of products for every stage of construction work
Construction 32% (renovation 15% / new 17%)
Red clay for roof tiles and bricks in France
Kaolin for paint
Minerals for floor tiles
Fused aluminum oxide for sand papers and polishing wheels
Carbonate additives for window profiles…
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Building Materials in France
41%59% Roof tilesRoof tilesBricksBricks
2007 tonnage by activity
d 15% of Imerys 2007 sales
d One material, 2 brands
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#1 in France for clay building products
Key FeaturesKey FeaturesMore than 900,000 tons of clay bricks
27,00027,000 houses per year
More than 1,300,000 tons of clay roof tiles
185,000185,000 roofs per year
More than 40%40% market share
WallWallWall
PartitionPartitionPartition
Chimney blockChimney blockChimney block
Roof tilesRoof tilesRoof tiles
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d Phase 1: Reduce energy consumption
A new impetus tighter thermal regulations (RT)
PHASE 1PHASE 1 PHASE 2PHASE 2 PHASE 3PHASE 3
RT 2005 RT 2010 RT 2012 RT 2020
Energy consumption reference coefficient (CREF) in RT 2005
=
150 KW/m²150 KW/m²
RT CREF 2010=
120 KW/m²120 KW/m²
RT CREF 2012==
50 KW/m²50 KW/m²
RT CREF 2020=
0 KW/m²
- 20% vs. RT 2005 - 66% vs. RT 2005 - 100% vs. RT 2005
d Phase 2: Produce energy
d Phase 3: Achieve positive-energy housing
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A relevant product portfolio to current and future regulatory constraints
A A solution for low-consumption housing
A The roof as a power and hot water producer
A Innovative product solutions that foster energy savings Monomur & Optibric
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d A healthy, natural productAn inert material, with no toxicity from walls
Monomur guarantees exceptional quality of indoor air
Monomur – a high environmental quality (HQE) material
d Comfort in all seasons Thanks to its great heat inertia, Monomur works as a natural air conditioner
In summer: it keeps the cool in during the day
In spring and autumn: it saves money by postponing the need for heating
In winter: it reduces consumption peaks
d Housing with thermal performance that doesn’t fade over time
Long-lasting heat performance of walls (insulation and air conditioning)
No sensitivity to damp (flooding, water damage, etc.)
Withstands shocks, loads and damp
A CLEANER, more ATTRACTIVE HQE building site
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Narrow-join laying – value added for professionals
d A clean, professional and attractive building siteFinishing quality: tidy, even walls
Optimized site organization, simpler logistics
d Comfortable fittingLess mortar handling
Less product handling
d 30% quicker laying Mortar takes less time to prepare and apply
Automatic straightening, products just have to be aligned (bricks and accessories)
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Distributed insulation – new Monomurprofiles
d Heat resistance The most efficient Monomur TC bricks on the market
Monomur 30 cm meets RT 2005 requirementsMonomur 37.5 cm already complies with RT 2010
A 37.5 Monomur is as effective as a concrete block lined with 10cm of insulation
d Thermal bridges The Monomur TC solution has six times fewer thermal bridges
a particular advantage in storied houses and on the collective market
d Airtightness and heat inertia two key features still to be valued
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Added insulation - Optibric PV 3+
d Greater thermal resistance
1.00 m2 K/W
An Optibric PV 3+ wall has insulating power equivalent to 3 cm additional insulation compared with a concrete block wall
The wall’s thermal resistance, combined with our clay building brick solutions, reduce thermal bridges compared with a concrete block solution and does away with the need to fit thermal switches
=
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Relevant product solutions for every type of building
7.00 m
Standard collective Standard collective buildingbuilding
2.50
m
Ground floor
1st floor
2nd floor
3rd floor
4th floor
5th floor
6th floor
OPTIBRIC PVREI 45 – Up to 2 stories
OPTIBRIC PV 3+REI 120 – Up to 4 stories
MONOMUR 30 NJREI 180 – Up to 5 stories
MONOMUR 37.5 NJREI 180 – Up to 6 stories
d Up to 6 stories •Load-bearing façade •Floor reach: 7m•Wall weight/m²: 200 kg•Floor weight/m² 800 kg•Roof weight/m² 200 kg
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French photovoltaic market takes off
d New buyback price guaranteed for 20 years by EDF €0.55 for integrated systems (may be updated)
+ 50% of supply price tax credit until 2010
Source: Ademe/ Eurobserver
KWc
0
50000
100000
150000
200000
250000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
d France’s commitments
2010 21% of electrical energy will be renewably sourced
2015 500 MW photovoltaic pool(current resources x 15)
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The power-generating roof:Photovoltaic Roof Tiles
d The 1st solution that integrates flush into the roof
d 4-fold increase in sales (2007/2006)
d 100% compatible with clay roof tiles
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The hot water-producing roof:the Thermal Tile
d 50-90% savings on energy bill (depending on consumption and number of integrated captors)
d CO² emission reductionequivalent to 10,000
automobile km/year
d Imerys individual solar water heater
Spring, summer and autumn: unlimited hot water
Winter: water pre-heated; heating completed by back-up energy
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New Clay housing concept a response to 2012 regulations with today products
d An HQE range: lasting comfort, energy and resource savings
Housing that achieves at least the low consumption building standard: 50kWh/m2
Bioclimatic design housing
Positive energy housing with the addition of photovoltaic sensors
A system-based approach to optimize building performance all players involved: architects and thermal research consultancies,
promoters and builders, manufacturers of other key construction facilities
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1st item in range collective housing inspired by single-family design
Low energy consumption housing
High energy consumption housing
Low greenhouse gas emissions
High greenhouse gas emissions
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A new range of socially responsible housing
Separate single-family housing
Low Energy Consumption
2005
Collective housing
Low Energy Consumption
2005
Grouped single-family housing
Low Energy Consumption
2005
Grouped single-family housing
Low Energy Consumption
2005
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Today's market and key growth factors
A Strong growth momentum on clay brick market
A Imerys will take advantage of this healthy market trend
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High development potential for wall bricks
d Market share in single-family housing
Clay bricks Clay bricks 27 %27 %
Wood4.9 %
Breeze-blocks65.1 %
Other2.2 % Cellular concrete 0.8 %
d Market share in multi-family housing
Data: Batimétude 2006
Clay bricks 5 %Clay bricks 5 %
Breeze-blocks36 %
Other2.2 %
Walled concrete 57 %
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Penetration of clay bricks
MarketMarket 22 20032003 20072007Concrete 85% 83%Clay bricksClay bricks 10% 10% 10%10%Other 5% 7%
Market Market 11 20032003 20072007Concrete 40% 30%Clay bricksClay bricks 50% 50% 60%60%Other 10% 10%
Market Market 33 20032003 20072007Concrete 90% 75%Clay bricksClay bricks 3% 3% 20%20%Other 7% 5%
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Faster growth of clay brick market
Single-family housing (thousands)
Concrete (KT)
KT of clay structure bricks
0
50
100
150
200
250
300
350
400
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2007- 2011 + 5 % / yr.on average, i.e. + 6 points vs. single-family housing
2000/ 2006 + 9 % / yr. on average, i.e. + 6 points vs. single-family housing
2001: Launch of Narrow2001: Launch of Narrow--Join Join productsproducts
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“Narrow-join” (NJ) solutions over 50% of clay product sales in 2006
0
100
200
300
400
500
600
700
800
900
1000
2000 2001 2002 2003 2004 2005 2006 Monomur NJ
20 cm bricks NJ
Kt – total market data
NJ Monomur + 20cm NJ bricks
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Success of clay roof tiles vs. concrete
Clay roof tilesClay roof tiles
51%
OtherOther
49%
19851985
Concrete Concrete roof tilesroof tiles
9%
Natural Natural slateslate15%15%
Fibro Fibro slateslate5%5%
Clay Clay roof tilesroof tiles
OtherOther2%2%
69%
20072007
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Continued market share gain by clay
10%5%2%Market share of clay in collective and public buildings
35%27%20%Market share of clay in single-family housing
201120112007200720002000
d Regular market share gain from concrete products in new single-family housing
d Penetration on high-potential market grouped single-family housing, collective and public buildings
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Imerys Structure - national leader in clay bricks
0 0 -- 50 Kt50 Kt
Over 200 KtOver 200 Kt
50 50 -- 100 Kt100 Kt
100 100 –– 150 Kt150 Kt
150 150 -- 200 Kt200 Kt
Imerys Structure(1) – 39 %
Bouyer Leroux – 18%
Wienerberger – 28%
Terréal – 8%
Market share of main players:
BouyerBouyer LerouxLeroux
Terreal Terreal
Terreal Terreal
Gironde surGironde sur DroptDropt
Wienerberger Wienerberger
Saint Saint MarcellinMarcellin
Colomiers Colomiers
Wienerberger Wienerberger La La BoissièreBoissière du Dorédu Doré
MablyMably
RouffachRouffach SAS SAS ––RimmelRimmel GroupGroup
Wienerberger Wienerberger
(1) Imerys estimate
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d 5 wall brick plants7 wall brick lines fitted with grinding machines
Modern, high-performance industrial assets
Mably
d €50 million capital expenditure over past 5 yearsProduction line transformations
New production unit in Mably (Loire) in 2006
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Faster development by Imerys Terre Cuitein wall bricks
d Major capex program100 M€ invested by year-end 2011
d Four industrial projectsTechnical product (Monomur and Optibric) manufacturing capacity extension
– Gironde-sur-Dropt (Gironde) Start-up planned in May 2008
– La Boissière-du-Doré (Loire Atlantique) Start-up planned in November 2008
Construction of a new plant in southeastern France Start-up planned at the earliest in 2009
Construction of a new plant in northern France Start-up planned at the earliest in 2009
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Key points
d Strong growth in clay bricks likely to continue at firm pace
d Imerys TC has leadership on the French market
