Turkiye Sise Ve Cam Fabrikalari A.s. · BIST:SISE
Turkiye Sise Ve Cam Fabrikalari A.s — Şişecam — Q1 2013 Earnings Presentation
23 slides from Turkiye Sise Ve Cam Fabrikalari A.s's earnings presentation, 2013
Slide 1: Investor Presentation Q1 2013
Investor Presentation Q1 - 2013
Slide 2: Content
Content 1. Şişecam Group Overview Executive Summary History and Development Presence in Global Glass Industry Mission , Vision and Strategy Shareholding Structure Operating Territory Financial Highlights Growth Story Major Investments 2. Operating Profile Business Segments 2
Slide 3: 1. Şişecam Group Overview
NS SISECAM 1.Sisecam Group Overview
Slide 4: Executive Summary
Executive Summary ŞİŞECAM founded in 1935 by İşbank Operates in 4 business segments : -Flat glass , Glass Packaging, Glassware and Chemicals Operations expanded to 13 countries: Turkey, Russia, Bulgaria, Egypt, Georgia, Bosnia Herzegovina, Romania, Ukraine, Italy, Germany, Slovakia, Hungary and Indi
Slide 5: History
History Expansion of product range Reaching world-class State-of-the-art volumes technologies Regional leadership Efficient Management achieved Institutional R&D Structure “The World is our Higher market share Investments abroad regionally Market” 1935-1960 1960- 1990 1990s 2000s onwards Establishme
Slide 6: Presence in Global Glass Industry
Presence in Global Glass Industry Market Shares (%)* Şişecam’s Position Global Ranking** Eastern Russia & Turkey Europe World (000 tons) Turkey Europe Caucasia MENA Europe World Flat Glass 70 14 4 Flat Glass 1 1 1 1 Flat Glass 4 6 Glassware 67 25 10 Glassware 2 3 Glassware World’s 3rd Largest Glassw
Slide 7: 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 field of activities. Strategy: Rapid profitable growth through both inorganic & orga
Slide 8: Group Corporate Structure
Group Corporate Structure İŞBANKASI ŞİŞECAM Flat Glass Glassware Chemicals Glass Packaging TR Glass Paşabahçe Denizli Soda Trakya Anadolu Ruscam Cam Bulgaria Cam Cam * Sanayii * Cam * Cam * Gorokhovetz Elyaf EAD Anadolu Anadolu Trakya Trakya Paşabahçe Camiş Solvay Cam Cam Posuda Yenişehir Polatlı Bu
Slide 9: Operating Territory - Turkey
Operating Territory - Turkey ŞİŞECAM PLANTS IN TURKEY Lüleburgaz Kocaeli Polatlı Flat Glass Processed Glass Eskişehir Automotive Glass Coated Glass Flat Glass Mirror İstanbul Glass Fiber Glassware Investments continue Laminated Glass Paper –Cardboard Pack. Mould Glass Packaging Paper Packaging Glass
Slide 10: Operating Territory - International
Operating Territory - International 10
Slide 11: Financial Highlights
Financial Highlights Group Consolidated Key Indicators CAGR for 2008-2012 period for: Sales: 4% $mn 2008 2009 2010 2011 Q1/2012 2012 Q1/2013 Ever since its foundation, Şişecam has Net Sales 2,885 2,357 2,806 2,980 706 2,981 706 always followed a conservative EBITDA 664 446 678 758 147 530 111 financ
Slide 12: Financial Highlights
Financial Highlights $ mio Consolidated Sales 2012 Consolidated EBITDA 2012 2,980 2,981 25% 23% 2,885 2,806 24% 23% 2,483 2,357 664 678 759 562 446 530 28% 19% 25% 33% 2007 2008 2009 2010 2011 2012 Flat Glass Glassware Glass Packaging Chemicals Net Sales EBITDA Profitability Ratios 35 $ mio 30 758 2
Slide 13: Financial Highlights
Financial Highlights $ mio Leverage Position 1000 1.60 900 866 1.40 800 1.20 700 668 606 615 1.00 600 543 500 0.80 Net Debt Net Debt/EBITDA 400 315 0.60 300 254 0.40 200 0.20 100 0 - 2007 2008 2009 2010 2011 2012 Q1/2013 Net Debt / EBITDA 1,19x 1,30x 1,36x 0,41x 0,40x 1,02x 1.25X 13
Slide 14: Growth Story
Growth Story 2.981 3,500 $ mio 572 606 Growth is mainly driven by 3,000 616 525 347 exports and foreign 2,500 1.298 357 production as a result of 2,000 312 816 797 880 815 investment strategy in the 143 170 737 1,500 751 region. 94 573 578 669 As of 2012 year end 1,000 521 exports reached US$ 815 1,
Slide 15: Major Investments
Major Investments $ mio 600 565 25% 486 497 500 21% 20% 19% 400 17% 17% 15% 300 277 Capex 12% 254 10% Capex/Sales 9% 200 146 5% 100 0 0% 2008 2009 2010 2011 2012 2013/Q1 Şişecam Group has always followed a robust investment strategy in line with the global economic outlook. Major on-going investment
Slide 16: 2. Operating Profile
2.Operating Profile 16
Slide 17: Business Segments - Flat Glass
Business Segments - Flat Glass Industry Dynamics: Şişecam: Trakya Cam produces high quality float glass, figured glass, Half of the global production is in Asia-Pasific to include coated glass, laminated glass, mirror glass and automative mainly China and India. glass. 4 global producers, namely Sai
Slide 18: Business Segments - Glass Packaging
Business Segments - Glass Packaging Industry Dynamics: Şişecam: 60 million tons of glass packaging consumed annually . Anadolu Cam is the lead brand name of the glass packaging 3 companies account for 40% of the global market where segment of Şişecam. Şişecam has apprx. 3% global market share. 20% o
Slide 19: Business Segments - Glassware
Business Segments - Glassware Industry Dynamics: Şişecam: 6% of global glass consumption is in the glassware industry Paşabahçe Cam is the leading brand name of the glassware with a market value of USD 8 billion. USA and Europe segment , wholly owned by Şişecam. consumption growth slowed down howeve
Slide 20: Business Segments - Chemicals
Business Segments - Chemicals Industry Dynamics: Şişecam: Soda ash is mainly used in the glass industry, cleansing Chemicals Group produces soda ash, chromium compounds, products and other chemical-related industries. industrial raw materials and glass fiber with operations in 6 World soda ash deman
Slide 21: Contact Details
Contact Details T. Şişe ve Cam Fabrikaları İş Kuleleri, Kule - 3 34330 4.Levent - Istanbul Turkey Tel : (0212) 350 50 50 Fax : (0212) 350 40 40 İbrahim Babayiğit Aytaç Mutlugüller Başak Öge Emre İğdirsel Seda Akyüz Chief Financial Officer Deputy Corporate Finance & Corporate Finance & Corporate Fina
Slide 22: Disclaimer
Disclaimer Following USD/TL Exchange Rates have been used throughout the presentation: 2008 2009 2010 2011 Q1/2012 2012 Q1/2013 Period End: 1.51 1.51 1.55 1.89 1.77 1.78 1.81 Period Average: 1.30 1.55 1.50 1.67 1.79 1.79 1.78 This information in this document has been obtained by T. Şişe ve Cam Fabr
Slide 23: Modern Strong Diversified
Modern Strong Diversified Integrated High Quality Dependable Progressive Monolithic 23