Thrace Plastics Holding And Commercial S.a. · ATHEX:PLAT
Thrace Plastics Holding And Commercial — Thrace Group — Non-Deal Roadshow (June 2016)
42 slides from Thrace Plastics Holding And Commercial's roadshow presentation, June 2016
Slide 1: Corporate Presentation June 2016
CORPORATE PRESENTATION June 2016 • JANUARY 2013 CORPORATE PRESENTATION I1
Slide 2: Converting polypropylene into a World of Material & Solutions for over 35 years
Converting polypropylene into a World of Material & Solutions for over 35 years CORPORATE PRESENTATION I2
Slide 3: 2 Business Units
2 BUSINESS UNITS TECHNICAL FABRICS PACKAGING SOLUTIONS CORPORATE PRESENTATION I3
Slide 4: Thrace Group at a Glance
Converting 100k MT of PP per year Operations in 11 countries 28 different production technologies THRACE GROUP 53% production / 17% sales in Greece AT A GLANCE Sales network in 80 countries / Sales in 24 market segments FY 2015 Group Sales 290 mil € / CAPEX 32 mil € 1,668 employees CORPORATE PRESENT
Slide 5: Thrace Group Diversification
THRACE GROUP I DIVERSIFICATION Sales – BU Contribution* 37% Technical Fabrics 63% Packaging Sales Geographical Breakdown* 3% Greece 17% 18% EU excl. Greece, UK Rest of Europe 19% UK 34% America 9% Asia Africa Oceania Production Geographical Breakdown* 12% Greece 12% UK 53% S-E Europe 22% *FY 2015 fi
Slide 6: 28 different production technologies from processing to finishing
THRACE GROUP I KNOW HOW 28 different production technologies from processing to finishing Innovation I Vertical integration I Flexibility I Cost effectiveness TECHNICAL FABRICS DIVISION TECHNOLOGIES PACKAGING DIVISION TECHNOLOGIES CORPORATE PRESENTATION I6
Slide 7: Technical Fabrics Business Unit
TECHNICAL FABRICS BUSINESS UNIT CORPORATE PRESENTATION I7
Slide 8: Technical Fabrics Business Unit: Products by Application
TECHNICAL FABRICS BUSINESS UNIT I PRODUCTS ΒΥ APPLICATION GEOSYNTHETICS CONSTRUCTION AGRI/HORTICULTURE LANDSCAPE- SPORT & LEISURE AQUACULTURE GARDENING MEDICAL & HYGIENE FILTRATION FURNITURE & AUTOMOTIVE PACKAGING FABRICS BEDDING ADVANCED FABRICS/ FLOOR COVERING INDUSTRIAL FABRICS ARNO WEBBINGS/ IND
Slide 9: Technical Fabrics Business Unit: Indicative Key Projects
TECHNICAL FABRICS BUSINESS UNIT I INDICATIVE KEY PROJECTS Changi Singapore Airport Kolkata Airport, India Liverpool (John Lennon) Airport, UK Chicago O’Hare Airport, USA Khasab Port Extension Project, Oman Palma de Mallorca Airport, Spain Terminal 5, London Heathrow Airport, UK E65 M
Slide 10: Technical Fabrics Business Unit Overview
TECHNICAL FABRICS BUSINESS UNIT I OVERVIEW Sales Breakdown Production Breakdown Asia Africa Oceania Greece 5% & Other America, 15% Rest of 2% 1% Europe 5% America 28% Greece; EU 52% excluding Greece & UK, 33% UK… UK 28% Key P & L Items * FY FY FY FY FY (amounts in €’000) 2011 2012 2013 2014 2015 Sal
Slide 11: Technical Fabrics Business Unit: Competition
TECHNICAL FABRICS BUSINESS UNIT I COMPETITION CORPORATE PRESENTATION I 11
Slide 12: Packaging Solutions Business Unit
PACKAGING SOLUTIONS BUSINESS UNIT CORPORATE PRESENTATION I 12
Slide 13: Packaging Business Unit: Products
PACKAGING BUSINESS UNIT I PRODUCTS FIBC/FILLING BAGS/FFS FILMS PALLET COVERING/ CONTAINER LINERS/ FABRICS SOLUTIONS PACKAGING FILM CARGO PROTECTION INJECTION/BUCKETS/ THERMOFORMING EPS CONTAINERS & CRATES 5 GAL BOTTLES & PAILS/CONTAINERS CUPS TRAYS CAPS BAG IN BOX GARBAGE BAGS ROPES & TWINES CORPORA
Slide 14: Packaging Business Unit: Key Customers
PACKAGING BUSINESS UNIT I KEY CUSTOMERS CORPORATE PRESENTATION I 14
Slide 15: Packaging Business Unit Overview
PACKAGING BUSINESS UNIT I OVERVIEW Sales Breakdown Production Breakdown UK; 3% Asia Africa & Other, 1% S-E Europe, Rest of 36% Europe; 14% Greece; 38% E.U. excl Greece, 64% Greece and UK ; 26% S-E Europe; 18% Key P & L Items * FY FY FY FY FY (amounts in €’000) 2011 2012 2013 2014 2015 Sales 106,725
Slide 16: Packaging Business Unit: Competition
PACKAGING BUSINESS UNIT I COMPETITION CORPORATE PRESENTATION I 16
Slide 17: Financials
FINANCIALS Statutory Financial Statements: The change of standards with regard to the consolidation of joint ventures (IFRS 10, 11 and 12) resulted into the change of the consolidation method. IFRS 11 abolishes the concept of the proportional consolidation of the jointly controlled entities. Instead
Slide 18: Financials: FY 2015 Key P&L Figures (Statutory)
FINANCIALS I FY 2015 KEY P&L FIGURES (STATUTORY) P&L 2015 2014 Improved Group Financial Performance driven by: amounts in thousand euros • Change in the product mix in favor of products with Turnover 289,396 278,182 higher profit margins Gross Profit 59,374 51,313 • Further containment of the fixed
Slide 19: Financials: FY 2015 Key Balance Sheet Items (Statutory)
FINANCIALS I FY 2015 KEY BALANCE SHEET ITEMS (STATUTORY) 2015 2014 CAPEX 2015 Non Current Assets 122,669 100,556 Technical Fabrics 23,428 Current Assets 141,862 146,366 Packaging 7,018 Total 264,531 246,922 Agricultural & Other 1,879 Debt 68,824 65,658 Total CAPEX 2015* 32,325 Cash & Cash Equivalent
Slide 20: Financials: Q1 2016 (Statutory)
FINANCIALS I Q1 2016 (STATUTORY) Q1 2016 Q1 2015 Δ% TURNOVER 70,305 66,572 5.6% GROSS PROFIT 16,177 14,404 12.3% EBITDA 7,739 7,845 -1.3% Adjusted EBITDA 8.134 6.866 18.5% EBT 4,220 3,552 18.8% NET DEBT 46,325 35,746 29.6% NET DEBT / EQUITY 0,4 0,3 CORPORATE PRESENTATION I 20
Slide 21: Strategy
STRATEGY Pursuing profitable growth through investment in capacity & innovation Management Financial figures: all figures in Strategy section consolidate proportionally the JVs. CORPORATE PRESENTATION I 21
Slide 22: Sales Development 2006-2015
THRACE GROUP I SALES DEVELOPMENT 2006 – 2015 Turnover (EUR m) 350 No effect of the new investments which are concluded in 2016 300 309 293 265 250 265 262 251 239 Financial 235 Crisis 200 208 197 150 100 50 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Profitable and cash generating growth
Slide 23: From Focus on Debt to Focus on Growth
THRACE GROUP I FROM FOCUS ON DEBT TO FOCUS ON GROWTH Net Debt (EUR m) Net Debt / EBITDA (x) CAPEX (EUR m) CAPEX / Depreciation 70 3.5 35 04 60 3.0 30 03 50 2.5 25 03 40 2.0 20 02 30 1.5 15 02 20 1.0 10 01 10 0.5 5 01 0 0.0 0 00 2009 2010 2011 2012 2013 2014 2015 2009 2010 2011 2012 2013 2014 2015 Ne
Slide 24: Strategy Overview 2015-2020
THRACE GROUP I STRATEGY OVERVIEW 2015 – 2020 Profitable Growth Market-driven Value Capture Organic growth (increase margins) Increase Capacity Further reduce production cost Geographical expansion Improvement of Product Mix (shift of sales to the high margin products) Development of new hi
Slide 25: Our Vision
THRACE GROUP I VISION Το be the most valuable partner for our customers and suppliers and to OUR consistently increase shareholders’ VISION o ensuring a prosperous value while future for all individuals working in the THRACE GROUP CORPORATE PRESENTATION I 25
Slide 26: Corporate Governance: Board of Directors and Audit Committee
THRACE GROUP I CORPORATE GOVERNANCE BOARD OF DIRECTORS Constantinos Chalioris: Chairman & CEO Theodosios Kolyvas: Executive Vice-Chairman George Braimis: Executive Member Dimitris Malamos: Executive Member Vassilis Zairopoulos: Non-Executive Member Christos Chiatis: Independent Non-Executive Member
Slide 27: Supplementary Material
SUPPLEMENTARY MATERIAL Group’s Production Plants and Product Range per Business Unit CORPORATE PRESENTATION I 27
Slide 28: Technical Fabrics Production Plants
THRACE GROUP I TECHNICAL FABRICS PRODUCTION PLANTS Thrace Nonwovens & Geosynthetics S.A. Don & Low Ltd Xanthi, Greece Forfar, Scotland Non-wovens plant Non-wovens plant Non-wovens plant Wovens plants Wovens plant [Needle punch] [Spun bond] [Spun bond] Products: Polypropylene woven flat and circular
Slide 29: Technical Fabrics Production Plants
THRACE GROUP I TECHNICAL FABRICS PRODUCTION PLANTS Thrace Linq Inc. Lumite Inc. Thrace Eurobent S.A. Summerville, SC USA Alto, GA USA Xanthi, Greece Non-wovens plant Wovens plant GCL plant [Needle punch] Products: Geosynthetics including Silt Fence, Products: Mining/solids separation, waste water Pr
Slide 30: Packaging Production Plants
THRACE GROUP I PACKAGING PRODUCTION PLANTS Thrace Plastics Pack S.A. Thrace Plastics S.A. Ioannina & Xanthi, Greece Xanthi, Greece Injection plant Thermoforming plant Injection plant Films plant Ioannina Ioannina Xanthi Garbage bags plant Products: Injection Moulded Containers, Thermoformed Cups & L
Slide 31: Packaging Production Plants
THRACE GROUP I PACKAGING PRODUCTION PLANTS Thrace Ipoma A.D. Thrace Greiner SRL Sofia, Bulgaria Sibiu, Romania Injection plant Thermoforming plant FIBC plant Injection plant Products: Rigid packaging (pails, containers), Crates (general purpose, soft drinks and Products: Round and oval buckets and l
Slide 32: Technical Fabrics Product Range and Applications
THRACE GROUP I TECHNICAL FABRICS PRODUCT RANGE AND APPLICATIONS Product Family Products Applications WHERE: Roads, railways, paving, landfills, mines, river banks, channels, pipe inlet/outlets, construction sites, slopes and shorelines, foundation walls, offshore breakwater construction. Nonwoven Er
Slide 33: Technical Fabrics Product Range and Applications
THRACE GROUP I TECHNICAL FABRICS PRODUCT RANGE AND APPLICATIONS Product Family Products Applications WHERE: Greenhouses, gardens, nurseries and landscaped areas, Outdoor storage of straw bales & sugar beets, indoor storage of goods, harvesting, multiple agricultural applications, in anchor & mooring
Slide 34: Technical Fabrics Product Range and Applications
THRACE GROUP I TECHNICAL FABRICS PRODUCT RANGE AND APPLICATIONS Product Family Products Applications WHERE: Tufted Carpets, automotive, residential, contract, Carpet tile backing, Woven carpet production WHY: primary carpet backing to provide a base cloth to Carpet Pile Yarns Carpet Tile Carpet Warp
Slide 35: Technical Fabrics Product Range and Applications
THRACE GROUP I TECHNICAL FABRICS PRODUCT RANGE AND APPLICATIONS Product Family Products Applications WHERE: surgical masks, head covers, surgical coats, aprons, shoe covers, protective overalls and face masks, chemical suits, transport of medical instruments, preventing fluid or blood transfer. base
Slide 36: Technical Fabrics Product Range and Applications
THRACE GROUP I TECHNICAL FABRICS PRODUCT RANGE AND APPLICATIONS Product Family Products Applications WHERE: protect stacks of big-bags and palletized products, Thrace Group tarpaulins can also be used for other protection purposes, Lamination substrate, construction, packaging, composites, automotiv
Slide 37: Packaging Product Range and Applications
THRACE GROUP I PACKAGING PRODUCT RANGE AND APPLICATIONS Product Family Products Applications Food: baking ingredients, biscuits, confectionery, desserts, dairy products, yellow fats, ice cream, pet food, seafood, salads, sauces, soups, salt, jams, honey Round and Square and Special Non-food: paints,
Slide 38: Packaging Product Range and Applications
THRACE GROUP I PACKAGING PRODUCT RANGE AND APPLICATIONS Product Family Products Applications Reel bags, loop bags and automatic filling systems which are developed for automatic (or not) filling lines suitable for a big range of bulk products: fertilisers, fish-feed, seeds, resins, chemicals, powder
Slide 39: Packaging Product Range and Applications
THRACE GROUP I PACKAGING PRODUCT RANGE AND APPLICATIONS Product Family Products Applications The DBCL and LBCL are used for protecting dry or liquid bulk products when transporting and storing them in sea containers Dry Bulk Liquid Bulk Cargo The desiccant products are designed to absorb and Contain
Slide 40: Packaging Product Range and Applications
THRACE GROUP I PACKAGING PRODUCT RANGE AND APPLICATIONS Product Family Products Applications Wine and Spirits, Siders, Pulps Dairy products, edible oils, food service mixes (i.e. egg mix) Metalized & PE & Taps Glands BAG IN BOX Ideal for multiple agricultural applications. Additionally, they can be
Slide 41: Disclaimer
THRACE GROUP I DISCLAIMER This material (the “Presentation”) has been prepared, issued and presented by Thrace Plastics Co S.A. (the “Company”) on the terms set out below for the exclusive and confidential use of the persons to whom it is addressed (“Recipients”), solely for use by the Recipients in
Slide 42: Contacts
Contacts Investors Relations Ioanna Karathanassi ikarathanasi@thraceplastics.gr +30 210 9875081 Group CFO Dimitris Malamos dmalamos@thraceplastics.gr +30 210 9875016 www.thracegroup.com CORPORATE PRESENTATION I 42