Trakya Cam Sanayii A.S — Investor Presentation (2013)
34 slides from Trakya Cam Sanayii A.S's investor presentation, 2013
Slide 1: Trakya Cam Sanayii A.Ş. Investor Relations Presentation 2012
TRAKYA CAM SANAYVII A.S. INVESTOR RELATIONS PRESENTATION 2012
Slide 2: Content
Content 1.Executive Summary •Şişecam Overview •Trakya Cam within Şişecam 2.Trakya Cam Sanayii A.Ş. •Overview ⁻Summary ⁻History & Development ⁻Vision & Strategy ⁻Competitive Advantages ⁻Corporate Structure ⁻Financial Highlights •Operating Profile ⁻Flat Glass Industry Dynamics ⁻Global Flat Glass Playe
Slide 3: 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 10 countries: Turkey, Russia, Bulgaria, Egypt, Georgia, Bosnia Herzegovina, Romania, Ukraine, Italy and India with exports to 140 countr
Slide 4: History
History Reaching world-class Glassware and container volumes Regional leadership achieved production at Paşabahçe Efficient Management Structure Higher market share regionally Modest Growth Investments abroad 1935-1960 1960- 1990 1990s 2000s onwards Establishment and Strong Investments Global Vision
Slide 5: Presence in Global Glass Industry
Presence in Global Glass Industry 5
Slide 6: Presence in Global Glass Industry
Presence in Global Glass Industry Year Sales Total Sales Business Rank Company Country Founded (Mil $) (Mil $) Areas ** 1 Saint Gobain France 1665 58,592 12,643 FG, GP, GF, CE 2 Asahi Japan 1907 15,241 6,956 FG,OP 3 NSG Japan 1826 6,993 6,896 FG, TG 4 Corning United States 1850 7,89 4,814 GF 5 Hoya
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 (*) Publicly Listed Companies • Şişecam has four main lines of business and side activities that primarily support the core operations. • Vertical integration guarantees stringent quality control. • The group is managed by highly-experienced professionals long associated wi
Slide 9: Operating Territory - Turkey
Operating Territory - Turkey 9
Slide 10: Operating Territory - International
Operating Territory - International 10
Slide 11: Financial Highlights
Financial Highlights Group Consolidated Key Indicators CAGR for 2007-2012 period for: Sales:4 % $mn 2007 2008 2009 2010 2011 2012 Net Sales 2.483 2.885 2.357 2.806 2.980 2.981 Ever since its foundation, Şişecam has EBITDA 562 664 446 678 758 530 always followed a conservative financial policy, relyi
Slide 12: Financial Highlights
Financial Highlights 2.885 2.980 2.981 2.806 2.483 2.357 $ mio 664 678 759 562 446 530 2007 2008 2009 2010 2011 2012 Net Sales EBITDA 759 Profitability Ratios 664 678 35 562 565 30 530 486 497 25 446 415 $ mio 20 277 254 15 10 5 0 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Gross Mar
Slide 13: Overview
i Overview as
Slide 14: Summary
Summary The leader in Turkish flat glass industry... ...the pioneer flat glass company in its region Founded in 1978 , Trakya Cam is the flagship company of Şişecam engaged in flat glass production 70% owned by Şişecam, 30% listed at Istanbul Stock Exchange (ticker symbol TRKCM) with a current marke
Slide 15: History and Development
History and Development Wy Trakya Cam Sanayii A.$. Lilleburgaz plant Asingle float Trakya cam was resumed Lileburgaz Mersin plant 2rd float line of resumed founded in production, Automotive Glass P Mersin Plant production in es : . resumed Bulgaria and added Lileburgaz, being the first in Plant resu
Slide 16: Vision & Strategy
Vision & Strategy VISION: Towithbeitsa fast growing global flat glass company strong brands and innovative solutions - Globalization (Organic & Inorganic) - Profitable and Fast Growth Beyond Regional Leadership - Wide Product Portfolio with Value Added Products STRATEGY: - Product Innovation and Adv
Slide 17: Competitive Advantages
Competitive Advantages Strong technological know-how Financial strength Market generation experience in developing markets Fast growth ability High quality in products with wide variety Experienced and qualified technical teams Strong ties to major car-makers in all segments Trakya Cam will continue
Slide 18: Corporate Structure
Corporate Structure WY Trakya Cam Sanayii A.$. TRAKYA CAM SANAYIi A.S. TRAKYA YENISEHIR TRAKYA CAM TRSG GLASS HOLDING BV. (70%) TRAKYA INVESTMENT CAM SANA YII Dv. (100%) AS. (85%) AUTOMOTIVE TRAKYA TRAKYA GLASS GLASS KUBAN GLASCORP SA GLASS RUS GLASS BULGARIA (90 %) ALLIANCERUS FAD (100%) 000 (100%)
Slide 19: Trakya Cam's Financial Highlights
Trakya Cam’s Financial Highlights Trakya Cam Consolidated $mn 2007 2008 2009 2010 2011 2012 Net Sales 669 745 574 698 751 697 EBITDA 232 234 123 204 216 115 Net Fin. Debt 222 170 68 -88 -105 35 Current Ratio 2.3 3.1 3.4 5.7 4.8 4.2 Debt/Assets (%) 31 29 30 24 24 24 Gross Margin (%) 35 33 21 31 36 26
Slide 20: Operating Profile
Ww Trakya Cam Sanayii A.S. TRAKYA CAM SANAViIi A.S. oy 7 ; i! es — "li = . i ‘ — it ne 4 =f. i ' ! | li ae " | = 7 ee = 3 ma iy i rm \ Operating Profile 20
Slide 21: Flat Glass Industry Dynamics
Flat Glass Industry Dynamics Global Glass Consumption Breakdown Globally, flat glass comprises more than 30% of the total glass consumption. Total annual production capacity is 68 million tons with 426 float lines. 4 global producers, namely Saint Gobain, NSG Pilkington, Asahi and Guardian account f
Slide 22: Flat Glass Industry Dynamics (cont'd)
Flat Glass Industry Dynamics (cont’d) Flat glass is a product of great significance for the economy in terms of its industrial magnitude and applications in a wide array of industries The main uses of flat glass are in building windows (70%), furniture and interior applications (19%), automotive (10
Slide 23: Global Flat Glass Players
Global Flat Glass Players (*) All chineese producers except Taiwan Glass are shown in the ‘’Other’’ selection. The Chineese producers are not included in top ten Four companies manufacture apprx. 34% of the world’s total glass output; Asahi and NSG Pilkington are the leading companies followed by Sa
Slide 24: Competitive Landscape
Competitive Landscape Russia Romania Bulgaria Turkey Syria Iran Israel Egypt S.Arabia represents one float line 24
Slide 25: Operating Territory
{ Operating Territory TARGOVIS 5 1Floatlines — ‘Ss iG Mirror Line WX - Processed Line Aotomotive Gla A - 2 Float Lines - Mirror Line - Automotive Glass Line / v W YENISEHIR iS - 2 Float Lines A. - Coated Line - Laminated Line te MERSIN V b - 2 Float Lines N ‘ - Mirror - Figured Glass Line a & = " oa
Slide 26: Product Portfolio
Product Portfolio Ww Architectural Glass e Clear Float Glass @ Heat Control Glass (Llow-Ecoated glas ) @ Heat and Solar Control Glass (solar Low-E coated glass) e Solar Control Glass (online coated glass) e Safety and Security Glasses @ Noise Control Glasses @ Decorative Glasses ° Mirror Automotive
Slide 27: Production & Sales
Production & Sales Wy Trakya Cam Sanayii A.$. Sales jooousn) Sales (ooo tonnes) 1282 2007 2008 2009 2010 2011 2022 2007 2008 2009 2010 2011 2012 Production (oootonnes} 1800 5 1.548 1.600 1.394 1.361 1.336 1400 + 1.145 1.200 + 1.097 1000 +) international 800 - 600 - @ Domestic 400 + 200 - 0+ T T T T
Slide 28: Major Investments
Major Investments Romania Autoglass Plant Balkans - Bulgaria 1 float line 1 coated glass line Turkey 2 float lines in Polatlı Russia (JV with Saint-Gobain) 1 float line 1 automotive glass plant 1 mirror plant Other projects • Currently, all the above investments are carried out simultaneously 28
Slide 29: Technology
Technology R&D Center established in 1979 (ISO 17025 Accreditation of laboratories) In-house research and development in areas of; glass compositions melting technologies raw materials coatings on glass sputter (vacuum) coatings for temperable and bendable low-e for architectural and automotive pyro
Slide 30: Technology
Technology Technological excellence and continous development is… … one of the main priorities of Trakya Cam Employs state-of-the-art technologies, Excellent quality with regards to homogenization, surface properties and color All major equipment supplied by best class specifications equipment and m
Slide 31: Technology-Automotive Glass
Technology-Automotive Glass Meets the technical capability and quality expectations of all OEM segments Technological diversity Technological know-how Press and sag bending for windshields Best available technology Acoustic, wire-heated windshields • Glasstech and Glassrobots Camera and rain sensor
Slide 32: Contact Details
Contact Details www.trakyacam.com.tr İş Kuleleri Kule 3 Kat:13 34330 4.Levent – İstanbul Turkey Tel : (+90) 212 350 3707 Fax: (+90) 212 350 4707 •Teoman YENİGÜN CHAIRMAN •Tel : (+90) 212 350 3707 Excecutive Vice •Fax: (+90) 212 350 4707 President •tyenigun@sisecam.com FINANCE • M. Görkem Elverici FI
Slide 33: Disclaimer
Disclaimer Following Exchange Rates have been used throughout the presentation: 2007 2008 2009 2010 2011 2012 Period End 1,16 1,51 1,51 1,55 1,89 1,78 Perio Average 1,30 1,30 1,55 1,50 1,67 1,79 This information in this document has been obtained by Trakya Cam Sanayii A.Ş. (“Trakya Cam” from sources
Slide 34: Modern Strong Diversified
Modern Strong Diversified Integrated High Quality Dependable Progressive Monolithic 34
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