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2019 | Annual Report 2019 | ANNUAL REPORT www.wienerberger.com 2019 | ANNUAL REPORT RRZ_20200323_Umschlag_Magazin.inddZ_20200323_Umschlag_Magazin.indd 7-97-9 223.03.203.03.20 118:138:13 EDITORIAL WOW – World of Wienerberger – expresses our conviction to provide solutions that make the world a better place. Wienerberger is more than a successful, leading international provider of building material and infrastructure solutions with over 200 years of experience. Wienerberger is a microcosm shaped by five success factors: people, sustainability, innovation, entrepreneurship, and growth – with a global network and a strong presence in local markets, united by a common identity and a shared vision. This is what “WOW – World of Wienerberger” stands for. It is the source that gives us the strength to successfully assume our responsibility towards the environment, society, our stakeholders, our employees and our shareholders now and in the future. Those who want to understand Wienerberger need to understand the World of Wienerberger. Figures alone can never tell the whole story. In this report, therefore, we want to make this WOW visible, tangible and understandable – taking a bird’s eye view to present the big picture and a deep dive into the details. RRZ_20200323_Wienerberger_GB_Magazin.inddZ_20200323_Wienerberger_GB_Magazin.indd 1 225.03.205.03.20 16:4916:49 CONTENTS Contents 4 4 Our Success Factors 14 CEO 22 28 Letter Wienerberger Wienerberger Equity Story At a Glance 20 Chairman 24 30 Letter Wienerberger Value Creation In a Nutshell 32 CFO Willy Van Riet Courageous, Visionary, 26 Innovative 36 Production Sites and Market Positions 40 Our Vision & Mission 42 Digitalization 2 VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 2 223.03.203.03.20 17:5917:59 CONTENTS 74 46 CEO Heimo Scheuch about Organic Growth and Portfolio Extension 58 CPO Solveig Menard-Galli about Operational Excellence 66 80 Imprint Publisher Strategic Summary North America Wienerberger AG A-1100 Vienna, Wienerbergerplatz 1 T +43 1 601 92 0 70 84 Inquiries may be addressed to Sustainability Managing Board: Heimo Scheuch, CEO; Corporate Solveig Menard-Galli, CPO; Governance Carlo Crosetto, CFO; 74 Investor Relations: Anna Maria Grausgruber, Head of Investor Relations Managing Board 87 Concept and Design Brainds, Marken und Design GmbH Financial Editors Success Factors 76 Claudia Riedmann & Michael Birner, Statements Wienerberger Schreibagentur Translation Building Solutions Eva Fürthauer, Claudia Fischer-Ballia Illustrations Julia Schlager 78 Photography KME Studios Klaus Einwanger; Robert Wienerberger Staudinger; Uwe Strasser; p. 12–13 Getty Images; p. 40–41, 84–85 Adobe Stock; Piping Solutions p. 76, 78, 80 Wienerberger Print production Lindenau Productions; Print: Gerin Druck 3 VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 3 223.03.203.03.20 17:5917:59 For the picture shown here, various pictures of Wienerberger employees were taken and assembled. VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 4 223.03.203.03.20 17:5917:59 People Each individual contributes to the overall image of Wienerberger. Our over 17,000 colleagues in 30 countries know what matters to our customers. They all contribute their points of view and their culture to the Group. With our building material and infrastructure solutions we improve people’s quality of life around the globe. For 200 years, people have been at the center of the World of Wienerberger – be it as employees, partners, or customers. VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 5 223.03.203.03.20 17:5917:59 Innovation VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 6 223.03.203.03.20 17:5917:59 Leaving the well-trodden path, having the courage to tread new ground: From production in our 200 plants through to the design of customer apps, Wienerberger has always had the innovative drive to initiate new developments in the construction industry. Today, innovative products account for 30% of our total revenues. And the World of Wienerberger keeps on turning: We are now setting the pace for the digitalization of our industry – for a livable future. VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 7 223.03.203.03.20 17:5917:59 VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 8 223.03.203.03.20 17:5917:59 Entrepre- neurship Moving forward. Exploring new perspectives. Reinventing ourselves. It is this drive that makes the World of Wienerberger special. With their passion and their entrepreneurial spirit, our employees keep reinventing the company, day after day. They are always open to change, contribute new ideas and turn them into reality. We, for our part, offer them an environment that allows them the freedom to develop independently – for our shared success. VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 9 223.03.203.03.20 17:5917:59 Sustaina- bility In our Group, sustainability is not hidden between the lines; it has always been at the core of the Wienerberger world. We provide solutions for safe infrastructure and buildings that last for generations. We care about the environment and strive for sustainable use of natural resources in production. We support social projects for disadvantaged people. This is our way of assuming responsibility – through a market-oriented, environmentally and socially aware approach. Both today and in the future. VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 1010 223.03.203.03.20 17:5917:59 VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 1111 223.03.203.03.20 17:5917:59 Growth From a small local brick manufacturer to a leading international provider of building materials and infrastructure solutions – Wienerberger is committed to forward-looking and sustainable growth. With every step we take, we have a clear goal in mind: to create lasting values for our environment, our customers and our shareholders. This is what sets the World of Wienerberger apart from the rest of the field. To attain this goal, we use our opportunities in existing markets, invest in value-enhancing growth projects and strengthen our portfolio, thus creating a sound basis for our future success. Q2 20.4 Q1 19.8 The figures represent the average share prices in the respective quarters in 2019. Source: www.wienerboerse.at RRZ_20200323_Wienerberger_GB_Magazin.inddZ_20200323_Wienerberger_GB_Magazin.indd 1212 225.03.205.03.20 16:4616:46 Q4 24.5 Q3 21.3 RRZ_20200323_Wienerberger_GB_Magazin.inddZ_20200323_Wienerberger_GB_Magazin.indd 1313 225.03.205.03.20 16:4616:46 CEO LETTER Heimo Scheuch Chief Executive Officer of the Wienerberger Group 14 VV9_20200323_Wienerberger_GB_Magazin.indd9_20200323_Wienerberger_GB_Magazin.indd 1414 223.03.203.03.20 17:5917:59 CEO LETTER CEO Letter Ladies and gentlemen, assuming responsibility for genera- sustainability and digitalization to tions to come, and significantly generate organic growth. Our For 200 years, Wienerberger has advancing the building trends of the constant efforts in recent years have been part of people’s lives. As an future. been worthwhile: By continuously innovation leader, we are developing improving and broadening our smart building materials and solutions This commitment is also reflected in product portfolio, Wienerberger that create added value: From energy- our Corporate Social Responsibility. has evolved from a supplier of efficient single-family homes to Through our cooperation with building materials into a provider of intelligent urban infrastructure, Habitat for Humanity, we executed systems for innovative building and Wienerberger know-how is repre- further successful projects in the infrastructure solutions for the future. sented in all areas of life, from course of 2019, thus bringing the Europe to North America. total number of disadvantaged people Our objective is to generate further we helped over the years up to more organic growth through scalable This is the reason why we chose than 3,000 by providing them with product and service solutions for “WOW” as the title for this report, a new home. For these projects, our customers and to support them standing for the “World of we contribute what we are best at: in addressing their daily challenges. Wienerberger” and its more than building materials, infrastructure 17,000 employees who, together solutions, and expertise in the Day after day, we are consistently with our partners, are working day by construction of sustainable, healthy pursuing our value-enhancing growth day to find the best possible solutions buildings. strategy in the fields of infrastructure, for our customers and sustainably residential construction, and renova- improve the world we live in. In our operational business, we tion in our European and North continued to step up the pace of American core markets. At Wienerberger, we take advantage digitalization in all fields of work, from of the long-term growth potential the optimization of our production Today, innovative products already of the entire Group to increase the processes to new forms of digital account for one third of our total value of the company in ecological, interaction with our customers to the revenues. By continuously improving social and economic terms. For two development of new business models. our product portfolio and broadening centuries, we have been continuously
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