Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Investor Presentation (September 2024)
17 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's investor presentation, September 2024
Slide 1: Investor Presentation September 2024
Investor Presentation September, 2024
Slide 2: A traditional cement player, transforming to a global & diversified building materials company
A traditional cement player, transforming to a global & diversified building materials company Germany [Hamburg] [Munich] Republic of Ireland [Ballyconnell] Italy [Trieste] United States [Houston] Türkiye Spain [Mersin] [Bunol] Grinding : 0.3 mt [Eskişehir] Spain [Afyon] [Sevilla] White Clinker 1.7
Slide 3: Grey to Green, Local to Glocal, Cement to Building Materials
Grey to Green, Local to Glocal, Cement to Building Materials Lean & diversified structure in Solid financial management & production, product & sales composition strong balance sheet Proven track record of geographical Sustained & Profitable Commercialized Sustainability expansion & greenfield inves
Slide 4: X+5 Strategic Initiatives
X+5 Strategic Initiatives Completed Completed Completed Completed Completed Completed Completed BUÑOL PLANT DOMESTIC SABANCI AFYON SOLAR CALCIUM BUNOL SOLAR MANNOK ACQUISITION NETWORK TECHNOLOGY POWER PLANT ALUMINATE POWER PLANT ACQUISITION OPTIMISATION CENTER CEMENT • Acquired for • Kayseri & Niğde
Slide 5: Great Britain & Island of Ireland: Mannok acquisition
…now in the Great Britain & Island of Ireland: Mannok acquisition MANNOK Mannok; integrated manufacturer of cement, thermal building insulation, building materials and plastic food packaging products in the UK & ROI Headquarter # of Employee Republic of >800 Ireland LTM Sep’24 FINANCIAL FIGURES EBIT
Slide 6: Strategy on track! From cement to building materials
Strategy on track! “from cement to building materials” Cement Precast Aircrete Thermal Blocks Roof Tiles High-quality bagged and bulk Portland Custom built precast solutions from Aircrete blocks are high-performance High-quality, high performance Downstream composite blended cement design to install
Slide 7: Portfolio of traditional, innovative and value-added products
Portfolio of traditional, innovative and value-added products GREY CEMENT WHITE CEMENT VALUE-ADDED PRODUCTS • Target excellence and efficiency • 2nd largest white cement producer • 3rd largest CAC producer globally. • increasing alternative fuel globally. • focus on sustainability • CAC; value-added
Slide 8: Commercialized Sustainability
Commercialized Sustainability AFYON | SOLAR POWER PLANT BUNOL | SOLAR POWER PLANT ESKİŞEHİR | SOLAR POWER PLANT & WHR operational since September, 2023 operational since May, 2024 expected completion: 1Q25 SOLAR POWER PLANT WHR 7,500 3.3MW 11,000 7.2MW 25,740 14.2MW 5.5MW Solar Panels Capacity Solar
Slide 9: ESG Pioneer in cement & building materials industry
ESG Pioneer in cement & building materials industry The First Cement Obtaining IREC The Environmental Score of “B” in CDP Entry into the Çimsa listed on the Company in BIST 25 Certificate for 351k Product Declaration Climate Change and Diversity&Inclusion FTSE4Good Emerging Sustainability Index. MWh
Slide 10: We innovate today for tomorrow
We innovate today for tomorrow R&D Centres 2 “Formülhane” in Mersin “Sabancı Technology Center” in Munich Patents 5 Commercialized Products 3 EU Supported Projects4 Completed R&D Projects 35 • The first R&D Center in the cement • Established in 2023 at Technical University industry in Türkiye approv
Slide 11: Customer oriented innovative solutions
Customer oriented innovative solutions RapiDome; 3D house in Mersin plant • More flexible &sustainable structures • Cost reduction, fast installation adaptability to changes Flycrete; quick solution for damaged floors • Fast setting: faster hardening, high strength output in 3 hours, acceleration of
Slide 12: 9M24: Margin expansion at all lines; volume growth & proactive cost management
9M24: Margin expansion at all lines through; volume growth & proactive cost management NET SALES EBITDA NET INCOME TRYmn TRYmn TRYmn -7.7% 28.0% 20.4% 17.9% 21.1% 10,000 9.5% 20.0% 30.0% 10,000 13.4% 17.0% 20.0% 9,000 20,022 10.0% 8,000 -6.3% 18,490 -1.7% +14.2% 10.0% +74.0% 8,000 7,000 0.0% 6,000 0
Slide 13: Deleveraging through effective working capital management and optimized business
Deleveraging through effective working capital management and optimized business Before IAS29 was effective After IAS29 was effective NWC/Sales NWC/Sales 28% 21% 15% 15% 14% 13% 13% 10% 2018 2019 2020 2021 2022 2022* 2023* 9M24* Net Debt & Leverage Net Debt & Leverage 5.14x 1.22x 0.53x 0.50x 3.29x 2
Slide 14: Increased pay-out ratio as balance sheet gets delevered
Increased pay-out ratio as balance sheet gets delevared Pay-out Ratio Dividend Yield 15.1% 0 150.0% 0 130.0% 11.3% 11.8% 10.2% 0 110.0% 0 90.0% 0 70.0% 0 4.0% 4.6% 50.0% 3.3% 3.2% 0 30.0% 51.6% 90.4% 82.1% 78.0% 29.6% 0.0% 0.0% 0.0% 19.7% 11.7% 40.1% 0 10.0% 2013 2014 2015 2016 2017 2018* 2019** 202
Slide 15: Çimsa Global Vision
ÇİMSA %75 Hard Currency Revenue Generation GLOBAL VISION %70 Sustainable Product Portfolio A journey to become global sustainable building materials %40 Sustainable Energy Source company Global R&D Center and Organization SBTi Targets 2nd largest in White Cement 3rd largest player in CAC globally
Slide 16: Investor Relations Contact
Investor Relations Contact Mustafa Aydın Özge Özcan Tosun Öktem Söylemez CFO FP&A and IR Group Manager IR Manager m.aydin@cimsa.com.tr o.ozcantosun@cimsa.com.tr o.soylemez@cimsa.com.tr investor.relations@cimsa.com.tr yatirimci.iliskileri@cimsa.com.tr www.cimsa.com.tr
Slide 17: Thank You!
cim@®) THANK YOU!
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Investor Presentation (September 2024) on 6ix