Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA
Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (March 2018)
31 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, March 2018
Slide 1: Aksa Akrilik Kimya Sanayii A.Ş.
Aksa Akrilik Kimya Sanayii A.Ş.
Slide 2: Content
CONTENT Aksa in Brief Business Information Financial Highlights Financial Information
Slide 3: Aksa in Brief
AKSA IN BRIEF
Slide 4: Production Facility
PRODUCTION FACILITY TEXTILES DIRECTORY AKTEK NATURAL GAS AK-KİM DOWAKSA RAW MATERIAL STORAGE AREA POLYMERIZATION WAREHOUSE BALING FIBER SPINNING DIW SOLVENT RECOVERY PILOT PORT ENERGY POWER POLYMERIZATION STATION
Slide 5: Aksa in Brief
AKSA IN BRIEF Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 185.000.000 TL Stock Borsa İstanbul (BIST) (1986>) Stock Code AKSA Adress Merkez Mahallesi Yalova-Kocaeli Yolu Caddesi No: 34 Yalova / Türkiye Web www.aksa.com E-mail ir@aksa.com Tel. / Fax 0 226 353 25 45 / 0
Slide 6: Shareholders
SHAREHOLDERS Aksa is a public company traded on the ISE since 1986. Emniyet Ticaret ve Sanayi A.Ş. %18,72 Akkök Holding %39,59 Other %41,69
Slide 7: Stock Information
STOCK INFORMATION Aksa Stock Performance 16,00 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 Jul 15 Jul 16 Jul 17 Apr 15 May 15 Jun 15 Nov 15 Apr 16 May 16 Jun 16 Nov 16 Apr 17 May 17 Jun 17 Nov 17 Feb 15 Mar 15 Dec 15 Feb 16 Mar 16 Dec 16 Feb 17 Mar 17 Dec 17 Jan 15 Aug 15 Sep 15 Jan 16 Aug 16 Sep 16
Slide 8: Akkök Holding
AKKOK HOLDING Chemicals Energy Real Estate • Aksa • Akenerji • Akiş • DowAksa • SEDAŞ ̶ Akbatı • Ak-Kim • Sepaş ̶ Akasya • Gizem Frit • Akmerkez Textile Services • Aksa Egypt • Akmerkez Lokantacılık • Ak-Pa • Aktek • Dinkal
Slide 9: Akkök Holding
AKKÖK HOLDING Net Sales (Billion USD) 5.156 19 4 3,1 3,1 3,1 3,1 2,9 3.0 2,9 Employee Company Listed Company 2,7 2010 2011 2012 2013 2014 2015 2016 2017
Slide 10: Participations – Subsidiaries – Joint Ventures
PARTICIPATIONS – SUBSIDIARIES – JOINT VENTURES Joint Subsidiaries Ventures Aksa Egypt DowAksa Holdings %100 share Textile %50 share • Fitco BV 400 mio. USD capital %100 share - Investment Carbon Fiber production Company
Slide 11: Aksa is at the 1st position in BIST corporate governance index
ACRYLIC FIBER Aksa is at the 1st position as of 2017 BIST corporate governance index (2016:1st , 2015:3rd)
Slide 12: Biggest exporters ranking, 1st position
ACRYLIC FIBER Aksa is one of the Textile & Textile biggest 50 Raw Materials Exporters industry companies from the beginning 1st Position of the index. (2017: 44 th)
Slide 13: Milestones
MILESTONES 1960 1980 2000 1970s 1990s 2010s • Carbon Fiber production • Distributed Control System (DCS) was • Capacity increased to 315.000 tons/year • Company Foundation established for the first time in Turkey • Carbon Fiber Company is founded via a • The plant in Yalova began to operate • Acrylic
Slide 14: Business Information
BUSINESS INFORMATION
Slide 15: Strategic Business Units
STRATEGIC BUSINESS UNITS Acrylic Fibers Technical Fibers Energy Largest acrylic fiber producer High value-added products / 145 Mw electricity licence in the world Develop fibers for technical end-use areas Around 40 mio USD %17 Global, %69 local revenue market share Global market leader Around 800 m
Slide 16: What is Acrylic Fiber?
WHAT IS ACRYLIC FIBER? Wool Acrylic Fiber (Natural Fiber) (Synthetic Fiber) • Wool-like in appearance and touch (natural and warm) • Washable and keeps its shape • Resistance to moth, oil and chemicals • Resistance to sunlight • Dyeable with bright, resistant colurs
Slide 17: Acrylic Fiber Application Areas
ACRYLIC FIBER APPLICATION AREAS CLOTHING HOME TEXTILES Jumpers, socks, plush, hand knitting, Carpet, upholstery, balnkets, rugs, sports wear and child wear velvet fabrics TEXTILE FIBERS AKRİLİK ELYAFIN Areas of use in Acrylic KULLANIMFiber ALANLARI USE OF AREAS FOR OUTDOOR AREAS OF INDUSTRIAL USE Ca
Slide 18: Acrylic Fiber Cost Components
ACRYLIC FIBER COST COMPONENTS Chemicals Acrylonitrile Electricity Labor (ACN) Steam Other
Slide 19: What is Technical Fiber?
WHAT IS TECHNICAL FIBER? • Industrial and outdoor applications • High Endurance • High resistance to rotten and mold
Slide 20: What is Carbon Fiber?
WHAT IS CARBON FIBER? human hair . • Carbon fibers are extremely fine fibers (typ. 5-7 µ in dia.) (50-70 μ) consisting mostly of carbon atoms carbon fiber • Carbon fiber is >95% carbon (5-7 μ) • Carbon fibers are produced in tows (yarns) ranging from a carbon fiber and a human hair 1.000 filaments 1
Slide 21: Carbon Fiber – Application Areas
CARBON FIBER – APPLICATION AREAS Wind Turbine Blades Pressurized Vessels Civil Infrastructure Marine Aerospace Automotive Oil and Gas Power Transmission Sporting Goods Defense
Slide 22: 2017 Highlights
2017 HIGHLIGHTS
Slide 23: 2017 Highlights
2017 HIGHLIGHTS In 3 April dated General Assembly Meeting, dividend amount for Dividend Payment shareholders is settled as 185 Mio TRY. Payment is done immediately on 5 April. Starting in 2016 at 850 USD, ACN closed the year at around 1,100 USD, on the back of rising oil prices. ACN prices have comp
Slide 24: 2017 Highlights
2017 HIGHLIGHTS On 30th of March, 2017 JCR Eurasia Crédit Rating Corp. (Japan Credit Rating Eurasia Rating) has assessed Aksa Akrilik in the Credit Rating Note high level investable category and specified its long term national note as “AA (Trk)” and its prospect as “Stable”. Our company, which aims
Slide 25: 2017 Highlights
2017 HIGHLIGHTS New spinning and winding machines investment was evaluated under the scope of regional incentive by Turkish Ministry of Economy, General Directorate of Incentive Regional Incentive Implementation and Foreign Capital. The investment which is worth TRY 57,700,00 shall be supported as t
Slide 26: Financial Information
FINANCIAL INFORMATION
Slide 27: Balance Sheet
BALANCE SHEET BALANCE SHEET (K TL) 2011 2012 2013 2014 2015 2016 2017 Current Asset 768,174 692,258 857,189 977,000 1,075,543 1,387,576 1,858,921 Non -current Asset 884,391 864,698 954,416 1,021,065 1,178,532 1,245,394 1,495,380 Total 1,652,565 1,556,956 1,811,605 1,998,065 2,254,075 2,632,970 3,354
Slide 28: Income Statement
INCOME STATEMENT Million TL 2012 2013 2014 2015 2016 2017 Revenue 1,625 1,756 2,105 2,030 1,954 2,767 EBITDA 196 252 285 350 390 515 Net Income 166 141 163 199 126 295 EBITDA Margin % 12% 14% 14% 17% 20% 19% Net Income Margin % 10% 8% 8% 10% 6% 11% 3.000 25% 2.500 20% 2.000 Revenue 15% EBITDA 1.500
Slide 29: Investment – Profit – Dividend (Million USD)
INVESTMENT – PROFIT – DIVIDEND (MILLION USD) 159 160 140 120 99 93 100 87 83 81 75 76 80 57 61 57 55 55 55 50 55 50 60 45 42 36 40 25 20 0 2011 2012 2013 2014 2015 2016 2017 CAPEX NET PROFIT DIVIDEND
Slide 30: Budget Figures
BUDGET FIGURES MILLION USD 2018 Forecast 2017 Actual 2016 Actual Net Sales 820-875 759 651 Fibers 786-833 727 606 Energy 30-37 28 41 Other 4-5 4 4 Export 315-335 274 257 Capacity Utilization 97% 98% 100% EBITDA Margin %15-%17 19% 20% CAPEX 130-140 99 36 Attention These figures reflect current expect
Slide 31: Appendix / Disclaimer
APPENDIX / DISCLAIMER • Aksa Akrilik Kimya Sanayii A.Ş. contract or investment decision. events which may not prove to be (“Aksa”) has prepared this Investors and prospective investors in accurate. The forward-looking book (the “Book”) for the sole purpose of securities of any issuer mentioned state
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