Cph Group Ag Class A · SIX:CPHN
Cph Group Ag Class A — CPH Chemie + Papier Holding — Investor Presentation (September 2021)
24 slides from Cph Group Ag Class A's investor presentation, Sep 15, 2021
Slide 1: Investora 2021
CPH Chemie + Papier Holding AG Investora 2021 15 September 2021 CPH Investora presentation, 15 September 2021 1
Slide 2: Disclaimer
Disclaimer Investing in the shares of CPH Chemie + Papier Holding AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of CPH Chemie + Papier Holding AG. This document contains forward- looking statements w
Slide 3: Agenda
Agenda 1 The CPH Group 2 Focus on Packaging Division 3 Investment case CPH Investora presentation, 15 September 2021 3
Slide 4: The CPH Group: At a glance
The CPH Group At a glance CPH Chemie + Papier Holding AG is a diversified and internationally active industrial company that was founded in 1818 and is headquartered in Switzerland. CPH shares have been listed on the SIX Swiss Exchange since 2001, with the founding families as strong anchor sharehol
Slide 5: The CPH Group: Key figures
The CPH Group Key figures in CHF million 2019 2020 ± in CHF ± in % Net sales 524.7 445.2 -79.5 -15.1 EBITDA 88.0 55.2 -32.8 -37.3 in % of net sales 16.8 12.4 EBIT 56.6 24.7 -31.9 -56.4 in % of net sales 10.8 5.5 Net result (including minorities) 48.5 47.0 -1.5 -3.1 in % of net sales 9.2 10.5 Cash fl
Slide 6: The CPH Group: Business divisions
The CPH Group Business divisions Chemistry Paper Packaging Key figures for 2020 in 73.3 9.5 209.6 17.4 162.3 27.8 CHF million Net sales EBITDA Net sales EBITDA Net sales EBITDA Net sales by region 1% Switzerland 19% Switzerland 5% Switzerland 21% Rest of Europe 58% Rest of Europe 46% America 80% Res
Slide 7: Strategy implementation
The CPH Group Strategy implementation Balance shares of Increase the proportion Reduce exposure Objectives net sales among of net sales generated to the Swiss franc the three divisions outside Europe in currency terms Expand the Chemistry Expand in markets Expand production Actions and Packaging Div
Slide 8: 2014: Six locations on two continents
The CPH Group 2014 Six locations on two continents 4 2 Müllheim Munich Perlen Uetikon Whippany Louisville CPH Investora presentation, 15 September 2021 8
Slide 9: 13 locations on four continents
The CPH Group 13 locations on four continents 6 Müllheim 2 Gröbenzell Zvornik 4 Utzenstorf Perlen Rüti Lianyungang Whippany Suzhou Shanghai Louisville 1 Singapore Anápolis CPH Investora presentation, 15 September 2021 9
Slide 10: 2021 first-half results
The CPH Group 2021 first-half results Sales in CHF million H1 20 H1 21 ± in % 600 Net sales 231.8 243.7 5.1 500 400 EBITDA 33.5 20.0 -40.4 300 in % of net sales 14.5 8.2 200 EBIT 17.8 5.7 -67.8 100 in % of net sales 7.7 2.4 0 Net result (including minorities) 27.2 5.9 2017 2018 2019 2020 H1 21 -78.3
Slide 11: Income statement business divisions H1 2021
The CPH Group Income statement business divisions H1 2021 CPH Group Chemistry Paper Packaging in CHF million H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 Net sales 231.8 243.7 36.2 47.5 108.9 105.4 86.7 90.8 EBITDA 33.5 20.0 5.0 9.9 12.5 -1.5 16.1 11.6 EBITDA margin in % 14.5 8.2
Slide 12: Sustainability KPIs
The CPH Group Sustainability KPIs 34 Nationalities in workforce 568 Continuous Improvement ideas submitted 51 Apprentices in training 21 % of staff with 20+ years of service 1 110 Energy consumption in GWh 11 Training occupations 14 785 CO2 emissions in tonnes 99 PVC recycling rate in % 391 231 Wast
Slide 13: Agenda
Agenda 1 The CPH Group 2 Focus on Packaging Division 3 Investment case CPH Investora presentation, 15 September 2021 13
Slide 14: Pharmaceutical markets 2020-2025 in billion USD
Packaging Pharmaceutical markets 2020-2025 in billion USD Mostly bottle packaging 291 308 635 274 585 445 528 2020 2023 2025 370 290 Europe 2020 2023 2025 CAGR 2-4% 2020 2023 2025 Emerging economies* CAGR 7-10% USA CAGR 2-5% 88 86 84 347 2020 2023 2025 309 113 128 275 100 Japan 2020 2023 2025 2020 2
Slide 15: Sales development of barrier packaging
Packaging Sales development of barrier packaging PVC / PVdC PVC / PE / PVdC PVC / PE / PVdC / PE / PVC 1970 - 1990 1983 - 2009 2009 - today Increasing sales share of high-barrier products in CHF 200 80% million 150 60% Sales 100 40% Share of high- barrier products in 15,7% 18,1% 17,6% % 50 13,0% 14,
Slide 16: Always one step ahead. Packaging Innovations since 1970
Packaging Innovations since 1970 Tristar Generex 1983 2002 Antimicrobial Coating Duplex Tristar ultra 120 2010 1970 2007 PERLAMED™ BLISTair Development project Starflex 2017 1997 Identity 2005 Tristar ultra 180 2009 Ultra protect 2012 Always one step ahead. MultiLayer ultra 280 2020 CPH Investora pr
Slide 17: Third barrier centre of excellence currently under construction
Packaging Third barrier centre of excellence currently under construction Perlen Packaging AG global competence centre, Perlen ǀ Switzerland World‘s biggest coating plant for thermoformable blister pack materials R&D centre for multilayer and ultra-high-barrier structures Perlen Packaging (Suzho
Slide 18: Packaging: Where to next?
Packaging Where to next? Continued profitable growth with a firm focus on the pharmaceutical sector Growth through further market penetration in existing business Market development in regional “white spots” including Africa, the Middle East, India and Australia Original strategy goals of 2012
Slide 19: Packaging Project roadmap
Packaging Project roadmap 2021 Full life-cycle assessment (LCA) for thermoformable blister pack solutions Comparative analyses Full range of materials, including PVC PP blister film Bottom film test materials available 2021 PVC/PVC blister system Push-through lidding film Peel-back lidding film Fu
Slide 20: Agenda
Agenda 1 The CPH Group 2 Focus on Packaging Division 3 Investment case CPH Investora presentation, 15 September 2021 20
Slide 21: Dividend and share price development
CPH share Dividend and share price development Distributions Share price trends 30.06.2016 – 30.06.2021 2016 2017 2018 2019 2020 Distribution per share (in CHF) 0.65 0.65 1.801 1.802 1.803 Distribution yield (in %, as of 31.12). 1.6 1.2 2.2 2.3 2.5 1 Including special dividend of CHF 0.50 2 Nominal
Slide 22: CPH Target financial KPIs
CPH Target financial KPIs Organic sales growth of over 3% a year EBITDA margin of over 10% Equity ratio of over 50% Liquidity of at least CHF 30-50 million Annual operating investments of CHF 20-25 million CPH Investora presentation, 15 September 2021 22
Slide 23: CPH share: An attractive investment
CPH share An attractive investment Leading competitive positions in three industrial sectors with three distinct brands Cost leader in the predatory newsprint and magazine paper market and Switzerland’s biggest recovered paper recycler Expansion of Chemistry and Packaging divisions reducing de
Slide 24: Thank you for your attention.
Questions Thank you for your attention. CPH Investora presentation, 15 September 2021 24
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