Cph Group Ag Class A · SIX:CPHN
Cph Group Ag Class A — Investor Day (September 2020)
21 slides from Cph Group Ag Class A's investor day presentation, Sep 8, 2020
Slide 1: Welcome to Perlen Papier
A tradition of innovation Welcome to Perlen Papier
Slide 2: Over 140 years of Perlen Papier
Over 140 years of Perlen Papier Raw materials Production Sales Water Fibres Logistics Own capacities - Recovered paper #1 - Wood - Pulp Electricity Heat - 565 000 tonnes on two paper machines (PMs) - 90% by truck - 365 000 tonnes of newsprint (PM 7) - 10% by rail - 200 000 tonnes of magazine paper (
Slide 3: Our products and their use
Our products and their use PM 4 Magazine paper (LWC) PM 7 Magazines Newsprint 35% Newspapers 65% Page 4 08.09.2020
Slide 4: Graphic printing paper types
Graphic printing paper types Wood-free coated Price Wood-free uncoated HWC MWC Enhanced LWC Standard LWC SCA (A, B, C) Improved newsprint Standard newsprint Quality = Range of Perlen Papier AG Page 4 08.09.2020
Slide 5: Our fibre raw materials
Our fibre raw materials Recovered paper 83.0 % 500 000 tonnes a year 75% from Wood 16.7 % 100 000 tonnes a year 85% from Pulp 0.3 % 2 000 tonnes a year Page 5 08.09.2020
Slide 6: The PM 7 newsprint paper machine
The PM 7 newsprint paper machine Europe’s most advanced Dryer section Press section Wire section Reelers Reel section Calender Page 6 08.09.2020
Slide 7: Our sales network
Our sales network Paris Munich Perlen Rome Own offices Core market sales offices: Switzerland, Germany, Italy, France Page 7 08.09.2020 Agents: UK, Benelux, Spain, Eastern Europe, Turkey, India, China, Latin America
Slide 8: Our biggest competitor … the internet
Our biggest competitor … the internet das Geschäftsmodell stimmt Page 8 08.09.2020
Slide 9: Overcapacities … due to digitalization
Overcapacities … due to digitalization Falling consumption Overcapacity Page 9 08.09.2020
Slide 10: Overcapacities and prices
Overcapacities and prices Production Consumption -8 to 10% a year Page 10 08.09.2020
Slide 11: Capacity, demand and prices in Western Europe
Capacity, demand and prices in Western Europe Newsprint Magazine paper Mio. t Mio. t 10 10 8 8 6 6 Capacity 4 4 Demand 2 2 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CHF / t (45 g/m²) CHF / t (LWC 60 g/m²) 1000 1000 900 900 800 800 700 700
Slide 12: EUR/CHF, 2005-2019
EUR/CHF, 2005-2019 > 80% EUR exports Page 12 08.09.2020
Slide 13: Our response to market developments
Our response to market developments Our key strategic thrusts • Cost leadership in sales markets through efficient structures and processes • Raising market share in a shrinking market • Direct customer contacts and efficient customer services • Flexible and swift decision-making • Digitalizing our
Slide 14: Costs per tonne of paper
Costs per tonne of paper variable fixed 600 600 500 -32 % 500 -49 % 400 400 300 300 200 200 100 100 2009 2017 0 0 2009 2019 2009 2019 Page 14 08.09.2020
Slide 15: Market shares in Western Europe
Market shares in Western Europe Western Europe Page 15 08.09.2020
Slide 16: Digitalizing core processes
Digitalizing core processes Machines & plant Industry 3.0 Planning & steering Customer connections Industry 4.0 Supplier connections LOG auction platform Page 16 08.09.2020
Slide 17: Sustainability and carbon emissions
Sustainability and carbon emissions Climate-neutral paper? Page 17 08.09.2020
Slide 18: Our partner Renergia
Our partner Renergia Energy from waste means per year: 250 000 tonnes of waste disposed of in Central Switzerland 160 gigawatt-hours of electricity generated, enough for 38 000 homes 30 million litres of heating oil saved 90 000 tonnes fewer CO2 emissions Page 18 08.09.2020
Slide 19: Costs - quality - service
Costs - quality - service A competitive cost structure Top quality Flexible customer service Page 19 08.09.2020
Slide 20: Business development
Business development Net sales EBITDA 360 60 24% 300 50 20% 240 40 16% 180 30 12% 120 20 8% 60 10 4% 0 0 0% 2016 2017 2018 2019 H1 20 2016 2017 2018 2019 H1 20 in CHF million in CHF million in % of net sales 2019 net sales by region 1st half of 2020 22% Switzerland Demand for paper products alread
Slide 21: Earnings benchmarks
Earnings benchmarks Q1/18 – Q2/20 EBITDA in % of sales Page 21 08.09.2020