Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q2 2020 Earnings Presentation
33 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, 2020
Slide 1: Investor Presentation 2020 Q2
INVESTOR PRESENTATION 2020 Q2
Slide 2: Disclaimer
MeO Disclaimer The information and opinions contained in this document have been compiled by Cimsa Cimento Sanayi ve Ticaret AS. (“CIMSA’) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or co
Slide 3: Market Outlook
Market Outlook www.cimsa.comtr
Slide 4: Turkish Cement Market
cimOQ Turkish Cement Market Decrease in cement consumption in 2019 is - 29.4% GDP growth in 2019 is 0,9% 21.7% <@ Domestic coment Consumotion Growth 11,1% 16,0%®, ee 94% 9.49% £\ ace 91%" / wu 2% 10.2% 9,9% (oa 69% 85% 9 \ ~R 7.5% 48% 0° \ 46% ——/ . 4.7% ® / ~o ! VON 6 % A a ry -0,1% Se” aN on YAS f
Slide 5: Turkish Cement Market
Turkish Cement Market 98 Mt 71 Mt
Slide 6: Turkish Cement Market
cim Turkish Cement Market Sabanci Cement Group is the leader of Turkish cement market with 16% market share based on clinker capacity 17% 13% 8% 8% 8% www.cimsa.com.tr
Slide 7: Global White Cement Market
Global White Cement Market ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook
Slide 8: Global White Cement Market
Global White Cement Market ▪ ▪ ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook
Slide 9: Overview of Çimsa
Overview of Cimsa www.cimsa.com.tr
Slide 10: Çimsa Cement – History and Development
Çimsa Cement – History and Development ▪ ▪
Slide 11: Strategy Roadmap
Strategy Roadmap • • • • • • • • • • Transformation & Big Data Analytics Management, Cultural Transformation and Building Next Generation Çimsa Sustainability
Slide 12: Çimsa Grey – A solid Network
Çimsa Grey – A solid Network 6.2 Mt ANKARA ESKİŞEHİR AFYON KAYSERİ MALATYA NİĞDE MERSİN 1.6 Mt
Slide 13: Çimsa Grey – Operational Excellence
600 650 700 750 800 850 900 950 Iraq Afyon #1 Nigde #1 Russia Algeria ▪ Algeria Kayseri #1 Azerbaijan Algeria Nigeria Russia Switzerland Morocco Mersin #1 Greece Nigeria Morocco Morocco Eskisehir #2 Switzerland Jordan Romania Morocco Greece U.K. Serbia Moldova Romania Poland kcal/kg cli grey dry kil
Slide 14: Çimsa Grey – Strong Export Capabilities
Çimsa Grey – Strong Export Capabilities
Slide 15: Çimsa White – Main Application Areas
Çimsa White – Main Application Areas
Slide 16: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪
Slide 17: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪ 1
Slide 18: Çimsa White - Overview of the Bunol Transaction
Çimsa White - Overview of the Bunol Transaction Cantabria Asturias País Galicia Vasco Foral de Navarra • La Castilla y Rioja León • Aragón Cataluña Madrid Extremadura Castilla-La Valenciana Mancha • Buñol Murcia • Andalucía
Slide 19: Special Products – Çimsa Aluminates family
Special Products – Çimsa Aluminates family ▪ ▪ ▪ ▪
Slide 20: Special Products – Calcium Alimunate Cement
Special Products – Calcium Alimunate Cement
Slide 21: Çimsa’s Sustainability Milestones
Çimsa’s Sustainability Milestones • • • • • • • • • Receiving a B rating in the CDP Climate Change • Report and a B rating in the Water Report in 2019
Slide 22: Our Six Priority SDGs
OUR SIX PRIORITY SDGs ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢
Slide 23: The Future for Çimsa’s Business
The Future for Çimsa’s Business
Slide 24: Operational Results
Operational Results www.cimsa.comtr
Slide 25: Operational Results
Operational Results* *Çimsa Turkey Sales
Slide 26: Operational Result – Grey Clinker Cost Structure
Operational Result – Grey Clinker Cost Structure -34%
Slide 27: Financial Results
Financial Results
Slide 28: Financial Result
Financial Result JUN 2019 JUN 2020 Change Key Financial Highlights (MTL) Q2-19 Q2-20 Change % YTD YTD %
Slide 29: Financial Result
Financial Result H1 Cash: 416 MTL YE Cash: 267 MTL
Slide 30: Financial Result
cim Financial Result Net working capital*/ Net Sales was at 18% for 2020 Q2, increased from 21 “13 month average r 2019, Y Optimization of production to managing inventory levels. ¥ Strong overdue rece} able management v¥ Payment term negotiations with suppliers Working Capital 383 329 332 292 219 2
Slide 31: Balance Sheet
moo Balance Sheet Cash and cash equivalents 416 267 Borrowings 1.076 880 Trade receivables 516 461 Trade receivables from related parties 1 2 Trade payables 408 354 Trade receivables from third parties 514 459 Derivative financial liabi 28 17 Other receivables 3 3 Deferred income 29 24 Derivative fi
Slide 32: Income Statement
cim@® Income Statement 2020 Q2 2019 Q2 Q2 2020 22019 Sales 972 812 560 476 Cost of sales (-) 799 -662 -451 393 GROSS PROFIT 173 150 109 83 General and administrative expense (-) 91 “62 43 32 Marketing, selling and distribution expense (-) “10 8 4 5 Research and development expense (-) 3 2 a Other op
Slide 33: Cash Flow
cim@® — Cash Flow JA. CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation ‘Adjustments to reconcile net profiles fr the period Changes in working capital ‘Short term trade recehables| Inventories (other recehables/currentassets/prepaid expenses Long-term trade receivables Other long-term tra
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q2 2020 Earnings Presentation on 6ix