Wienerberger AG: Tondach Gleinstätten acquisition released by antitrust authorities

Vienna (pta030/07.08.2014/17:30 UTC+2) Strategic milestone for the Wienerberger Group
- Strengthening of core business with clay roof tiles
- Tondach has an EBITDA potential of Euro 35 million

The responsible antitrust authorities have released the acquisition of the shares in Tondach Gleinstätten by which Wienerberger will increase its existing 50% stake up to 82%. The remaining shares are held by banks, whereby Wienerberger has call options that can be exercised in 2017 and 2018.

Tondach has a mid-term EBITDA potential of approx. Euro 35 million
Heimo Scheuch, Chief Executive Officer of Wienerberger AG, explained in a first statement: "I welcome the fast confirmation of this transaction by the antitrust authorities because this acquisition represents an important strategic milestone for the Wienerberger Group. With this transaction we will strengthen our core businesses and substantially broaden our presence in Eastern Europe. This step also makes us a complete supplier of application-oriented building material solutions for roofing throughout Europe. The increasing renovation market and in particular the pent-up demand in Central and Eastern Europe offer us interesting value-creating perspectives on the mid- and long-term. In a normalized market environment, Tondach has an EBITDA potential of roughly Euro 35 million with its current industrial base and after the realization of planned synergies."

Tondach will increase Wienerberger revenues by ~ Euro 90 mn and operating EBITDA by ~ Euro 15 mn
Wienerberger will consolidate Tondach Gleinstätten beginning of July 2014. When asked about the effects on Group results for 2014, Heimo Scheuch answered: "I expect revenues of approx. Euro 155 million and operating EBITDA of approx. Euro 23 million for Tondach in 2014. Tondach's net debt should total roughly Euro 60 million at year-end. For the remainder of this year Tondach will contribute approx. Euro 90 million to revenues and approx. Euro 15 million to operating EBITDA. Including Tondach's liabilities, our group ratio of net debt / operating EBITDA will remain well below 2.5 at the end of this year. At this time I cannot make any comments on the possible positive non-recurring effects of the transaction. They depend on the result of the pending purchase price allocation of Tondach and will be available at the close of the third quarter", added Heimo Scheuch in conclusion. The final purchase price after closing of the transaction is composed of Euro 19.4 million in cash and 1.9 million treasury shares valued at Euro 23.4 million representing a total price of Euro 42.8 million.

Tondach Gleinstätten
Tondach Gleinstätten, which is headquartered in Gleinstätten (A), operates 15 plants in eight countries and is the market leader for high-quality, innovative clay roof tiles in Central-East Europe. In 2013 the company generated revenues of Euro 153.6 million (2012: Euro 166.7 million) and operating EBITDA of Euro 19.5 million (2012: Euro 22.7 million) with 1,830 employees. The Tondach Gleinstätten Group has positioned itself as a comprehensive supplier on the roofing market. The product portfolio includes high-quality clay roof tiles in various shapes, colors and sizes as well as an extensive range of ceramic and technical accessories and consulting services. This allows customers to realize creative solutions for modern residential construction, traditional pitched roofs, innovative renovation concepts and historical preservation. The company's most important markets are Austria, Czech Republic, Serbia, Hungary and Croatia, where it holds leading positions in clay roof tiles. Tondach Gleinstätten has a modern, efficient plant network, innovative strength, durable and innovative products plus committed, well-trained employees gut and an experienced management team. After the conclusion of extensive restructuring measures and the successful reorientation of the financing structure, Tondach Gleinstätten is very well positioned to benefit from future recovery on the residential construction market in Central-East Europe.

Wienerberger AG
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) as well as number one on the clay roof tile market (Koramic, Tondach) in Europe and on the concrete paver market (Semmelrock) in Central-East Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the market leaders in Europe. With 213 plants, Wienerberger generated revenues of Euro 2,663 million and operating EBITDA of Euro 267 million in 2013.

For additional information contact:
Barbara Braunöck, Head of Corporate Communications Wienerberger
T +43 1 601 92 - 10149 | communication@wienerberger.com

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Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under http://www.wienerberger.com/investor-relations/the-wienerberger-share/the-wienerberger-share/shareholder-structure.

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Emitter:	Wienerberger AG Wienerbergstraße 11 1100 Wien Austria
Contact Person:	Barbara Braunöck
Phone:	+43 1 60192 10149
E-Mail:	communication@wienerberger.com
Website:	www.wienerberger.com
ISIN(s):	AT0000831706 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)