Revenue distribution by sectors:

• Cement: approx. 55%
• Concrete and aggregates: approx. 30%
• Other building products and services: approx. 15%

TOP 3 markets and their percentage shares:

• France: approx. 35%
• USA: approx. 25%
• India: approx. 20%

Vicat S.A. generates the majority of its revenue from the cement sector, followed by concrete and aggregates. The French market is the largest single market for the company, followed by the USA and India, which also make significant contributions to the total revenue. These markets are crucial for Vicat's growth and stability as they exhibit strong demand for building products.

Production sites of Vicat S.A.:

1. France
2. USA
3. Turkey
4. India
5. Egypt
6. Kazakhstan
7. Italy
8. Switzerland
9. Senegal
10. Mali

Vicat S.A. is an internationally active company that produces cement, concrete, and other building materials in several countries worldwide. The production facilities are strategically located in regions with high demand for building materials. This enables the company to efficiently distribute its products while minimizing transportation costs. The diversification of production sites helps Vicat to spread market risks and benefit from different economic conditions.

Revenue Growth: Estimated at 4-6% annually (2025 forecast)
Investments in Sustainable Technologies: Increase by 20% (2024)

Vicat S.A. pursues a growth strategy that is strongly focused on sustainability and innovation. The company invests significantly in environmentally friendly technologies and processes to reduce its CO2 footprint. These investments are intended not only to reduce environmental impact but also to increase the efficiency and competitiveness of the company.

In addition, Vicat is expanding into emerging markets to increase its geographical reach and tap into new sources of revenue. The focus on digital transformation and automation in production is another key area intended to support future growth.

Main raw materials: Limestone, clay, gypsum, coal, clinker

Import countries:

• Limestone and clay: Generally sourced locally, therefore no significant imports.
• Gypsum: Imported from Spain and Germany.
• Coal: Imported from Russia and the USA.
• Clinker: Imported from Turkey and Egypt.

Vicat S.A. is a significant player in the cement industry and mainly uses locally available raw materials such as limestone and clay to minimize transportation costs. For other materials like gypsum and coal, necessary for cement production, the company relies on imports to ensure supply security and optimize costs.

Vicat S.A.'s import strategy is aimed at minimizing production costs while ensuring the quality of raw materials. This is achieved through diversification of the sources of supply.

Market share in Europe: 10% (estimated 2025)
EBITDA margin: 18% (2024)
R&D expenses: 2% of revenue (2024)

Vicat S.A. has a solid competitive advantage, which is reflected in its strong market position in Europe and its vertical integration in cement production. With an estimated market share of 10% in Europe, the company remains a significant player in the construction industry.

The EBITDA margin of 18% shows that Vicat operates efficiently and is able to control its costs well, giving it an advantage over less efficient competitors. The continuous investments in research and development, accounting for about 2% of revenue, indicate that the company is striving to develop innovative products and sustainable solutions to differentiate itself from the competition.

In summary, Vicat S.A. offers a remarkable competitive advantage in the cement industry through its strong market presence, efficient operations, and innovation efforts.

Institutional Investor Share: approximately 50% (2025, estimated)

Insider Purchases/Sales: No significant transactions in the last year (2024)

The institutional investor share at Vicat S.A. is around 50%. This indicates that a significant portion of the shares are held by large financial institutions, suggesting a certain level of trust in the company's stability and growth potential.

Regarding insider transactions, there were no significant purchases or sales in the last year. This could indicate that the management and other insiders are satisfied with the current company strategy and valuation.

Market share of Vicat S.A.: 3.5% (estimated, 2025)

Major competitors and their market shares:

1. LafargeHolcim Ltd: 16.2%
2. HeidelbergCement AG: 14.8%
3. CRH plc: 12.5%
4. Cemex S.A.B. de C.V.: 10.7%
5. Buzzi Unicem SpA: 5.9%
6. Vicat S.A.: 3.5%
7. Anhui Conch Cement Company Limited: 3.2%
8. Taiheiyo Cement Corporation: 2.9%
9. China National Building Material Company: 2.5%
10. Italcementi S.p.A.: 2.1%

Economic moat of Vicat S.A.:

Vicat S.A. has a moderate economic moat, mainly supported by its geographic diversification and long-standing experience in the cement sector. The company has a strong presence in Europe, especially in France, as well as in some emerging markets.

Compared to larger competitors like LafargeHolcim and HeidelbergCement, which have more extensive global networks and a broader product range, Vicat's economic moat is less pronounced. These larger companies benefit from economies of scale and a stronger global market presence, giving them a competitive advantage.

However, Vicat can maintain a strong position through its niche strategies and specialized products in specific markets. Vicat's competitive advantage lies in its ability to adapt flexibly to market changes and to take a leading role in specific geographic regions.

Revenue Growth: 4.5% (2024) EBITDA Growth: 3.2% (2024) Net Income Growth: 2.8% (2024)

Vicat S.A. achieved a moderate revenue growth of 4.5% in 2024, indicating stable demand in its core markets. The EBITDA growth of 3.2% shows that the company was able to effectively manage its operating costs, although the growth lagged behind the revenue growth.

The net income growth of 2.8% signals that Vicat S.A. remains profitable despite industry challenges such as rising raw material costs and geopolitical uncertainties. This indicates solid financial health.

Overall, Vicat S.A. demonstrates stable financial performance with a focus on efficiency improvements and cost control. For investors valuing long-term stability and moderate growth rates, Vicat S.A. could be an attractive investment opportunity. However, it is important to monitor market developments and potential risks.

Dividend Yield: 3.5% (2024) Dividend History: Constant payout over the last 5 years

Vicat S.A. has pursued a consistent dividend policy in recent years, with the dividend yield standing at around 3.5% in 2024. The company has regularly distributed dividends over the past five years, indicating a certain reliability in its payouts.

The stability of dividend payments is an indicator of the company's financial health and cash flow generation. Vicat S.A. has demonstrated its ability to pay dividends even in economically challenging times, which can enhance investor confidence.