Compagnie Chargeurs Invest · EURONEXT:CRI
Compagnie Chargeurs Invest — Chargeurs — SFAF PEA PME meeting 2014
25 slides from Compagnie Chargeurs Invest's conference presentation, Jun 10, 2014
Slide 1: Presentation of Chargeurs Group
Presentation of Chargeurs Group SFAF : PEA PME meeting SFAF : Société Française des Analystes Financiers (French Society of Financial Analysts) PEA PME : Plan d’Epargne en Actions pour les Petites et Moyennes Entreprises (Investment vehicle in SMEs (Small Middles Enterprises) for French residents th
Slide 2: Agenda
Agenda 1. Chargeurs 2. Chargeurs Protective Films 3. Chargeurs Interlining 4. Chargeurs Wool 5. Financial Review 6. Outlook 7. Questions – answers 06/10/2014 SFAF : PEA PME meeting 2
Slide 3: 1. Chargeurs
CHARGEURS 1. Chargeurs
Slide 4: Chargeurs, a global diversified group
Chargeurs, a global diversified group 2013 Revenue par Regions Global manufacturing and services Group 93% of sales outside France 1,600 people in 31 countries on 5 continents 140 M€ 11 industrial sites in 6 countries on 4 continents 30% 225 M€ 48% Three niche markets 102 M€ Chargeurs Protective Fil
Slide 5: 2. Chargeurs Protective Films
2. Chargeurs Protective Films 5
Slide 6: A European Leader with a global network
A European Leader with a global network Specialized in self-adhesive films for the temporary protection of fragile surfaces at every stage of the transformation process Serving 4 markets : Building Household appliances Automobiles Electronics 2013 revenue by region European Leader with a global pres
Slide 7: Growth and gains of market shares
Growth and gains of market shares Production in the Building sector - Europe M€ Chargeurs Protective Films : Revenue Euro Zone, seasonally adjusted data UE28, seasonally adjusted data 200 +5,2% 150 190,9 179,7 181,5 100 177,0 142,3 50 0 2009 2010 2011 2012 2013 10/2008 M€ Chargeurs Protective Films
Slide 8: A virtuous economic business model
A virtuous economic business model Leader on niches Global Market with high entry barriers Excellent technological expertise which allows innovations answering the constant evolution of its customers needs Premium, recognized Quality of service Focus 2014 – 2015 : Focus of higher value products Grow
Slide 9: 3. Chargeurs Interlining
3. Chargeurs Interlining 9
Slide 10: A global interlining leader with enlarged offer
A global interlining leader with enlarged offer Expert in interlining: a technical textile, inserted between the fabric and the lining to keep garments flexible and help them to retain their shape A major player in the garment industry New promising opportunities in technical textiles 2013 revenue b
Slide 11: Resilience on a mature market
Resilience on a mature market Evolution apparel consumption (in % /year) M€ Chargeurs Interlining : revenue 2009/08 2010/09 2011/10 2012/11 2013/12 P 2014 200 France -3,4% -0,4% -1,3% -2,2% -1,4% -1,0% Germany -1,0% 3,0% 0,0% -2,0% -2,0% -1,0% 150 187,4 179,0 173,7 U.K. 0,8% 4,5% 2,0% 1,0% 1,5% 1,0%
Slide 12: Improve profitability
Improve profitability A global network, distribution and production, capable of answering local needs Recognized brands with a high end positioning serving prestigious customers Focus 2014 – 2015 : Focus on high-end products Priority to innovation and the development of technical products 06/10/2014
Slide 13: 4. Chargeurs Wool
te & CHARGEURS WOOL 4. Chargeurs Wool 13
Slide 14: Nowadays, a distributor
Nowadays, a distributor Expert in a key step in the wool process Partial disposals of combing mills in 2012 and 2013 Top maker: creation of long fine blended-wool fibers that successfully meet the needs 2013 revenue by region of spinning mills 31 M€ Global Leader: 30% 44 M€ 43% 100% of sales outside
Slide 15: A transformation successfully completed
A transformation successfully completed M€ Chargeurs Wool : revenue 200 150 100 185,0 164,1 143,6 149,8 50 101,9 0 2009 2010 2011 2012 2013 M€ Chargeurs Wool : Opering profit /(loss) % CA 8 3,6% 4,0% 6 6,7 2,1% 3,0% 4 2,0% 2 0,8% 0,1% 2,1 1,0% 0,1% 1,2 0 0,1 0,2 0,0% 2009 2010 2011 2012 2013 An adap
Slide 16: Externalized risks
Externalized risks A global market An experienced player specialized in high-end market Focused on distribution while retaining full control of the value chain back by industrial partnerships A high quality natural fiber offering growth opportunities In China, with the development of middle class On
Slide 17: 5. Financial review
CHARGEURS 5. Financial review 17
Slide 18: 2009 – 2013: a successful transformation
2009 – 2013 : a successful transformation M€ Chargeurs : revenue 600 2012 and 2013, reduction in 400 200 451,6 511,9 552,1 524,6 466,5 the Wool business scope 0 2009 2010 2011 2012 2013 M€ Chargeurs : Operating profit / (loss) % CA 2012, restructuring 40 4,2% 4,3% 3,8% 10,0% (Interlining and Wool) 2
Slide 19: 2009 – 2013: a successful transformation
2009 – 2013 : a successful transformation Target met of reducing debt Restructuring agreement reimbursed ahead of schedule before June 30th, 2014 Stronger cash generation 06/10/2014 SFAF : PEA PME meeting 19
Slide 20: 2009 – 2013: a more efficient financial structure
2009 – 2013 : a more efficient financial structure In euro millions 2009 2010 2011 2012 2013 Goodwill - net 67,4 70,9 71,6 70,0 66,2 Property, plant & equipment 61,4 59,4 56,9 47,5 37,6 Non current financial assets 3,0 4,4 1,7 -7,0 -11,4 Working capital requirements 70,2 90,4 127,1 77,9 49,8 Sharp i
Slide 21: Stockmarket Information
Stockmarket Information 1. Chargeurs Share (FR0000130692 – CRI ; Euronext Paris Comp. C, SRD, PEA, PEA-PME) Shares breakdown at Jan.31, 2014 24% 14% 0% 6% 49% 7% 14,340,575 shares J. Seydoux E. Malone Treasury stock Non resident French institutions Private shareholders 05/31/14 : 15,687,505 actions
Slide 22: 6. Outlook
CHARGEURS 6. Outlook 22
Slide 23: Outlook
Outlook Chargeurs Protective Films Continued growth through innovation and the development of high value products. Chargeurs Interlining Consolidation of profitability in a mature market, innovation and diversification in technical textiles. Chargeurs Wool Stable profitability. Announced target for
Slide 24: 1st quarter 2014 in line with announced target
1st quarter 2014 in line with announced target Revenue First quarter in € millions 2014 2013* Chargeurs Protective Films 50,6 47,5 +6.5% : sustained demand Chargeurs Interlining 40,9 42,7 Stable volumes, adverse currency effect Chargeurs Wool 26,9 30,4 €(0.9)M scope ; €(1.4)M volume ; €(1.2)M price
Slide 25: 7. Questions – answers
se & CHARGEURS 7. Questions - answers 25