Ico Group Limited · HKEX:1460
Ico — 2009 KeyBanc Capital Markets Basic Materials & Packaging Conference
27 slides from Ico's conference presentation, Sep 11, 2009
Slide 1: ICO, Inc. at KeyBanc Capital Markets Conference
ICOsex re ICO, Inc. 2009 KeyBanc Capital Markets Basic Materials & Packaging Conference ‘September 15, 2009 ‘Polymer compounding, size reduction and specialty services
Slide 2: Forward Looking Statements / Non-GAAP Measures
Icom x Forward Looking Statements / Non-GAAP Measures Certain matters discussed in this presentation are “forward-looking statements,” involving certain risks, tncertainties, and assumptions, Intended to quallfy for the safe harbors from llabllity established by the Private ‘Securities Litigation Re
Slide 3: About the Company
ICOM About the Company specialty services. ICO produces custom polymer powders for & rotational molding and other polymer ments, including textiles, metal coatings and masterbatch. 160 remains an industry leader in size reduction, compounding and other "©! tolling services for plastic and non plasti
Slide 4: ICO at a Glance
Icom x ICO at a Glance +800 Employees +20 Piants/Warenouses Organized into 5 regions: Bayshore Industral, ICO Polymers North America, ICO Europe, ICO Asia Pacific, 1CO Brazil 156% of revenues derived internationally Revenues for the Nine months ended June 30, 2009 By Region By Geography ‘Polymer com
Slide 5: ICO's "Fit" in the Value Chain
ICOM ICO’s “Fit” in the Value Chain ASSETS UTILIZED owacas Exploration ‘and Production ‘Polymer compounding, size reduction and specialty services
Slide 6: Products & Services
ICOsex ree Products & Services Custom Powders for Rotational molding 1 Proprietary ICORENE® and COTENE® product lines sold across the globe ‘= Business ult on value-adés, such as ~ Grades tallored to cient, criven by application Compounds, including Concentrates Produced by Bayshore Industrial 1 Pro
Slide 7: Custom Powders for Rotational molding
ICOM Custom Powders for Rotational molding ‘We donot manutcture the atove ems. The above tems ar an example of appiatone that ae manufactured which consi our product, ‘Polymer compounding, size reduction and speciaty services
Slide 8: Compounds, including Concentrates
ICOM Compounds, including Concentrates Produced by Bayshore Industrial Polymer compounding, size reduction and specialty services
Slide 9: Products & Services: Size Reduction Services
ICOse® ee Products & Services Size Reduction Services ‘ Ambient Grinding - high-volume, typically moderate _= Wide range of tolling opportunities sean abies lobaly, including = Cryogenic Grinding - greater value-add and requiring = Reberotdis more technical expertise to serve the market for heat © i
Slide 10: Size Reduction Services
ICOM Reducti jon Services ‘We donot manutacure the atove ems. The above tems ar an example of appiatone tha ae manufactured which consi our product, ‘Polymer compounding, size reduction and speciaty services
Slide 11: Global Platform: ICO Europe
Icom x Global Platform ICO Europe Montereau, FR Gainsborough, UK_] ‘Oyonnax, FR Beaucaire, FR Polymer compounding, size reduction and specialty services
Slide 12: Global Platform: ICO Polymers North America
Icom x Global Platform ICO Polymers North America Allentown, PA == East Chicago, IN [= aaa ‘Grand Junction, TN Fontana, CA Polymer compounding, size reduction and specialty services
Slide 13: Global Platform: Bayshore Industrial
Icom x Global Platform Bayshore Industrial ‘Compounding LaPorte, Polymer compounding, size reduction and specialty services
Slide 14: Global Platform: ICO Asia Pacific
Icom x Global Platform ICO Asia Pacific Malaysia | Brisbane, Australia [Batu Panat, Polymer compounding, size reduction and specialty services
Slide 15: Global Platform: ICO Brazil
Icom x Global Platform ICO Brazil Bahia, Brazil Polymer compounding, size reduction and specialty services
Slide 16: Operating Income Year Historical Average
ICOM ee Operating Income 3 Year Historical Average (In § Miions) 100 Europe S$ 82 $ 90 $ 60 $ a4 Bayshore Industral 102 184 148 135 100 Asia Pacific 18 59 24 34 1Co Polymers North America 58 60 50 56 100 Brazil 10 03 5) 03 Unallocated General Corporate Expenses ey 63) 65) 65) Total 37 Ss S73 Fe Pohm
Slide 17: Historical Financial Performance
ICOM eee Historical Financial Performance Revenues Operating income, a adjusted (Siemans) ‘sien ser soe Reterto Append A Recorlitin of Non-GAAP Fnanclal Measure. ‘Polymer compounding, size reduction and speciaty services
Slide 18: Operating Margin Breakdown
ICOM Operating Margin Breakdown 22% 20% a 10% bed 1 t6% 16% 16% 149% 13% 2% 12% 1% 1B Gross Margin sca = 2 2% (S.Operating Margin 0% 7% 7% 6% 6% 4% 3% 2% 4 ow hie months ended June 20, 2008 Refer to Append A - Recansiation of Non GAAP Francal Measures ‘Polymer compounding, size reduction and special
Slide 19: Resin Prices
Resin Prices LOPPPPEPPPLPEPPP IPEDS “ctareestememureiost,, meter Sous: CMA: : ‘Polymer compounding, size reduction and speciaty services
Slide 20: Income Statement and Cash Flow
ICOsex ree Income Statement and Cash Flow ‘in mons, except per share data Grose Prot Grose Margin (Operating income (Loss, as alustea Net Income (Loss as adjusted ited EPS, as agustes Volumes (etre Tons) (Cash Flow fom Operating actives, Reterto Append A ~ Reconlitin of Non-GAAP Financial Measure. ‘
Slide 21: Balance Sheet
ICOM Balance Sheet can ce a Stowe Ee a oes 38 3 Mun apa inset a aa Sern capitation te am ‘oa enn ap Sentero Senet rember rors Referto Append A Reconciliation of Non-GAAP Finacial Measures. ‘Polymer compounding, size reduction and specialty services
Slide 22: Debt and Liquidity Summary
Icom eee Debt and Liquidity Summary (in ritions) Term Debt Maturities ‘ei 80, 2008 oe une 30208 Cash $23.6 = Available borrowing capacity __ 46.9 2 “Total iquiity $705 ‘Polymer compounding, size reduction and specialty services 3
Slide 23: Strong Cash Flow
Icom x Strong Cash Flow ae —— Net Debt Fano sa ne Joe9,200——Sepomber 90,2088 Once 1, 258 areh 208 oe, 208 Nine months ended June 20, 2008. Refer to Append A - Recansiaion of Non. GAAP Franca Measures Polymer compounding, size reduction and specialty services
Slide 24: Value Creation Opportunities - FY 2009 and Beyond
ICOsex ree Value Creation Opportunities - FY 2009 and Beyond Capitalize on global platform = Cultivate global customer relationships + Further develop strategic raw material supply relationships Grow our business in emerging markets such as India, Brazil and Southeast Asia Expand Bayshore product li
Slide 25: Value Creation Opportunities - Continued
ICOsex ree Value Creation Opportunities - Continued Recently Announced Transactions ™ Chroma Corporation's Rotomolding Business + 2,000 metric tons of business = Revenues of $4.0 million Micro Pellets Transaction + 5,000 metric tons of business = Revenues of $11.0 million Actively Exploring Acquisit
Slide 26: Appendix A - Reconciliation of Non-GAAP Financial Measures
ICOM Appendix A - Reconcil ition of Non-GAAP Financ! ‘etincome (Lay and income Loe Per Share Reconciliation (in mauzanesextoppor shave di) thd land meprcameon shar a adhd ‘Polymer compounding, size reduction and specialty services
Slide 27: Appendix A - Reconciliation of Non-GAAP Financial Measures
ICOM Appendix A — Reconciliation of Non-GAAP Financial Measures ‘peat came Less Recon ‘noauenars epee 30, Deer 3, Maen 00, ‘Polymer compounding, size reduction and specialty services
ICO — 2009 KeyBanc Capital Markets Basic Materials & Packaging Conference on 6ix