Soda Sanayii A.S — Investor Presentation (March 2014)
33 slides from Soda Sanayii A.S's investor presentation, March 2014
Slide 1: Soda Sanayii A.Ş. Investor Relations Presentation
SODA SANAYİİ A.Ş. Investor Relations Presentation
Slide 2: Content
Content 1. Executive Summary • Şişecam Overview • Chemicals Business Line in Şişecam 2. Soda Sanayii A.Ş. • Overview ⁻ Summary ⁻ Presence in the Global Soda and Chromium Chemicals Industry ⁻ History & Development ⁻ Vision & Strategy ⁻ Competitive Advantages ⁻ Corporate Structure ⁻ Financial Highligh
Slide 3: Executive Summary: Şişecam Overview
Executive Summary Şişecam Overview 3
Slide 4: Executive Summary
Executive Summary Şişecam is a conglomerate in Turkey… Founded by İşbank in 1935 Operational in : Flat glass , Glass Packaging, Glassware and Chemicals Present in 13 countries: Turkey, Russia, Bulgaria, Egypt, Georgia, Bosnia Herzegovina, Romania, Ukraine, Italy, Germany, Slovakia, Hungary and India
Slide 5: History
History 1935 -1960 Glassware and container Establishment and production at Paşabahçe Single Plant Stage Modest Growth 1960 - 1990 Expansion of product range Strong State-of-the-art technologies Growth Institutional R&D “The World is our Market” Reaching world-class volumes 1990’s Investment Efficien
Slide 6: Mission, Vision and Strategy
Mission, Vision and Strategy Mission Şişecam is a company that respects people and nature with its high quality and value added products. Vision To be one of the leading companies in glass production and its other fields of activities. Strategy Rapid profitable growth through both inorganic & organi
Slide 7: Şişecam Overview - Group Corporate Structure
Şişecam Overview - Group Corporate Structure İŞBANKASI ŞİŞECAM Flat Glass Glassware Chemicals Glass Packaging TR Glass Paşabahçe Denizli Soda Trakya Anadolu OOO Cam Bulgaria Cam Cam * Sanayii * Cam * Cam * Ruscam Elyaf EAD Anadolu Anadolu Trakya Trakya Paşabahçe Camiş Solvay Cam Cam Posuda Yenişehir
Slide 8: Şişecam Overview - Operating Territory
Şişecam Overview - Operating Territory ŞİŞECAM PLANTS IN TURKEY Lüleburgaz Kocaeli Polatlı Flat Glass İstanbul Processed Glass Eskişehir Flat Glass Automotive Glass Coated Glass Glassware Investments continue Mirror Paper –Cardboard Pack. Glass Fiber Glass Packaging Laminated Glass Mould Paper Packa
Slide 9: Operating Territory - International
Operating Territory - International Flat Glass Glassware Glass Packaging Chemicals 9
Slide 10: Financial Highlights
Financial Highlights Group Consolidated Key Indicators $mn 2008 2009 2010 2011 2012 2013 Net Sales 2,885 2,357 2,806 2,980 2.971 3.133 EBITDA 664 446 678 758 539 643 Net Fin. Debt 866 606 254 315 543 765 Current Ratio 2.01 2.48 3.07 2.79 1.81 2.55 Liabilities/Assets 0.44 0.45 0.38 0.38 0.36 0.42 Sha
Slide 11: Sales
Sales 3.133 $ mio 2.879 2.980 2.971 3.500 2.806 3.000 2.351 636 525 572 615 616 2.500 357 839 2.000 816 797 880 804 751 1.500 1.000 1.447 1.528 1.552 1.658 1.243 1.484 500 0 2008 2009 2010 2011 2012 2013 Sales from Foreign Operations Exports Domestic Consolidated Export Breakdown 2013 FY Top 10 Expo
Slide 12: Chemicals Business Line in Şişecam
Executive Summary - Chemicals Business Line in Şişecam Soda Sanayii Sales in Chemicals Business account for 29,7% of Consolidated Şişecam Sales Y-2013 consolidated Şişecam sales. Within chemicals segment Soda Sanayii A.Ş. is the flagship US$ 738 mio company with 23,6% share in the total sales of 23,
Slide 13: Soda Sanayii A.Ş. Overview
SODA SANAYİİ A.Ş. Overview 13
Slide 14: Summary
Summary Soda Sanayii - engaged in production of soda ash, chromium compounds and derivatives - is one of the flagship companies of Şişecam. It is the 4th largest soda ash producer in Europe and 10th globally. Soda Sanayii is the biggest Sodium Dichromate and Basic Chromium Sulphate producer in the w
Slide 15: Presence in Global Soda Ash and Chromium Chemicals Market
Presence in Global Soda Ash and Chromium Chemicals Market Annual Sales Distribution (%)* Turkey Export Soda Ash** 37 63 Chromium Chemicals*** 18 82 Global Ranking Europe World Soda Ash 4 10 Chromium Chemicals 1 1 (*) As of December 2013 (**) Including inter-company sales (***) BCS 15
Slide 16: History and Development
History and Development 1969-1975 • Soda Sanayii established in 1969 and production started in 1975 1979-1984 • Kromsan established in 1979 and production started in 1984 1986 • Soda Sanayii and Kromsan merged • In 1996, Oxyvit established as a JV between Şişecam 1996-1997 and Cromital and productio
Slide 17: Vision & Strategy
Vision & Strategy Soda Sanayii is a major soda ash supplier, aiming to strengthen its position in global soda ash market and VISION: leading chromium chemicals supplier, targeting strong leadership in its all activities in global chromium chemicals market. - Sustainable and profitable growth - Stren
Slide 18: Competitive Advantages
Competitive Advantages • Strong technological know-how • Financial strength • Market generation experience in developing markets • Wide distribution channels • Consistent high quality products and services • Experienced and qualified technical teams • Own raw material supply for Soda Ash production
Slide 19: Corporate Structure of Soda Sanayii
Corporate Structure of Soda Sanayii SODA SANAYİİ A.Ş. NETHERLANDS CHINA TURKEY ŞİŞECAM CHEM OXYVIT KİMYA SAN. & INVESTMENT B.V. Ş/C SHANGHAI LTD. TİC. A.Ş. ASMAŞ AĞIR SANAYİ MAKİNALARI A.Ş. BOSNIA ITALIA BULGARIA AUSTRIA DOST GAZ DEPOLAMA A.Ş. Ş/C SODA LUKAVAC CROMITAL S.P.A. SOLVAY Ş/C Ş/C BULGARIA
Slide 20: Soda Sanayii's Financial Highlights
Soda Sanayii’s Financial Highlights Soda Sanayii Consolidated Financial Highlights $mn 2007 2008 2009 2010 2011 2012 2013 Net Sales 351 499 403 440 522 660 738 EBITDA 42 83 75 91 139 125 171 Net Financial Debt 78 132 75 27 -0,3 4 44 Current Ratio 1,54 1,54 1,54 2,08 1,96 1,75 2,78 Liabilities/Assets
Slide 21: Operating Profile
SODA SANAYİİ A.Ş. Operating Profile 21
Slide 22: Global Soda Ash Industry Dynamics
Global Soda Ash Industry Dynamics Global Soda Ash Consumption Global Soda Ash Consumption by Segment Pulp&Paper; Mining; 6% 1% Other Glass; 6% U.S.A.; 9% Other 28% Glass Chemicals; 9% packaging; 21% Other; 18% Float glass; Germany;3% 25% China; 41% Italy 2% Brazil; 2% Turkey; 2% India; 6% Russia;5%
Slide 23: Global Chromium Chemicals Industry Dynamics
Global Chromium Chemicals Industry Dynamics Global Chromic Acid Market Global Basic Chromium Sulphate Market Asia S.&M. N.America; Pacific; N.Americ a; 13% America; Asia 8% 12% 5% Pacific; W. 24% S.&M. Europe; America; 7% 22% Central and E. Europe; 5% China; MEA; 3% China; 50% 23% Mid.&East Japan; W
Slide 24: Global Soda Ash Players and Capacities
Global Soda Ash Players and Capacities (Million Tons) North America Western Europe Eastern Europe & CIS: Solvay 2,5 Ciech 0,6 Crimean Soda 0,8 TATA 2,7 TATA 0,5 Eti Soda 1,0 OCI 2,8 Solvay 3,9 Solvay 1,1 FMC 3,2 Ciech 1,5 Şişecam 2,06 Sterlitamak 2,0 Middle East & Africa Asia Pacific TATA 0,7 TATA 1
Slide 25: Operating Territory & Soda Ash Capacities
Operating Territory & Soda Ash Capacities Bulgaria Solvay Sodi Bosnia & Herzegovina S/C Bulgaria Soda Lukavac (0,36 million tons) (0,42 million tons) Italy Cromital Turkey Soda Sanayii China (1,28 million tons) S/C Shanghai Asmaş Oxyvit 25
Slide 26: Soda Sanayii Products
Soda Sanayii Products Soda Ash : Raw material for : • Dense Soda Ash • Glass • Light Soda Ash • Detergents • Sodium Bicarbonate • Chemicals • Food • Feedstock • Textile Raw material for : Chromium and Derivatives: • Leather • Sodium Bichromate • Wood Preservation • Basic Chromium Sulphate • Metal Pl
Slide 27: Soda Sanayii - Soda Production
Soda Sanayii - Soda Production 2.200 1.982 1.898 2.000 1.816 1.702 1.800 1.448 1.383 1.600 1.304 Thousand Tons 1.400 %64 %64 %60 1.200 %67 1.000 %67 %65 %69 800 600 400 %36 %40 %36 %33 %35 %33 200 %31 0 2007 2008 2009 2010 2011 2012 2013 International Production Domestic Production • With the partne
Slide 28: Soda Sanayii A.Ş. - Sales
Soda Sanayii A.Ş. - Sales $ million Consolidated Gross Sales Breakdown ($ mio) 741 800 663 700 600 503 525 406 443 %56 500 %57 354 400 %54 %66 300 %53 %59 %67 200 %44 %46 %43 100 %47 %41 %33 %34 0 2007 2008 2009 2010 2011 2012 2013 Domestic Sales Export Tons Soda Products Sales Breakdown (Tons) 2.00
Slide 29: Soda Sanayii Sales (cont'd)
Soda Sanayii Sales (cont’d) Soda Sales by Geography North Africa; Asia; 1,0% 11% Others; 8% Domestic; Chromium (BCS) Sales by Geography 38% Europe; 42% Domestic 18% Export 82% 29
Slide 30: Major Investments
Major Investments 70 ktpa soda ash capacity expansion project has been completed. 35 ktpa Sodium Bicarbonate capacity expansion has been completed. New steam turbine installation for energy saving is going on. Chrome Chemicals plant capacity expansion project has been completed. 30
Slide 31: Technology and Environment
Technology and Environment Soda Sanayii is committed to managing all its activities, so as to provide a high level of protection to the environment and to the health and safety of its employees , customers and neighbors. Soda Sanayii applies the best available technology to utilize all kinds of sour
Slide 32: Contact Details
Contact Details Soda Sanayii A.Ş. İş Kuleleri, Kule – 3 34330 4.Levent – Istanbul Turkey Tel : (0212) 350 50 50 Fax : (0212) 350 5860 www.sodakrom.com Burhan Ergene Cihan Sırmatel Chief Executive Chemicals Finance Director bergene@sisecam.com csirmatel@sisecam.com Tel : (+90) 212 350 3550 Tel :(+90)
Slide 33: Modern Strong Diversified
Modern Strong Diversified Integrated High Quality Dependable Progressive Monolithic 33
Soda Sanayii A.Ş. — Investor Presentation (March 2014) on 6ix