Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q3 2019 Earnings Presentation
34 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, 2019
Slide 1: Investor Presentation 2019 Q3
INVESTOR PRESENTATION 2019 Q3
Slide 2: Disclaimer
MeO Disclaimer The information and opinions contained in this document have been compiled by Cimsa Cimento Sanayi ve Ticaret A.S. ("CIMSA’) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or c
Slide 3: Market Overview
Market Overview Turkish Cement Market wwwcimsacom.tr
Slide 4: Turkish Cement Market
cim@® Turkish Cement Market GDP growth in 2019 expected as 0,5% 11% 94% 8.4% aN Yo, 69% 85% 6 \ / ~o ! \ / ° *SA7% i Nw i 53% N ! 48% . i 0.7% % H , of , . . Vo ‘8 47% 2003 2004 2005 2006 2007 2008 2009 2010 201 2012 2013 2014 2015 2016 2017 2018 2019E Source: Turkish Cement Manufacturers’ Associati
Slide 5: Turkish Cement Market
Turkish Cement Market 99 Mt 67 Mt
Slide 6: Turkish Cement Market
cim Turkish Cement Market Sabanci Cement Group is the leader of Turkish cement market with 16% market share based on clinker capacity 17% 13% 9% 8% 8% 8% [ lil
Slide 7: Global White Cement Market
Global White Cement Market ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook, BCG
Slide 8: Global White Cement Market
Global White Cement Market ▪ ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook, BCG
Slide 9: Overview of Çimsa
Overview of Cimsa wwwcimsacomtr — g
Slide 10: Çimsa Cement – History and Development
Çimsa Cement – History and Development ▪ ▪
Slide 11: Strategy Roadmap
Strategy Roadmap • • • • • • • • • • Transformation & Big Data Analytics Management , Cultural Transformation and Building Next Generation Çimsa Sustainability
Slide 12: Çimsa Grey – A solid Network
Çimsa Grey – A solid Network 6.2 Mt 1.6 Mt
Slide 13: Çimsa Grey – Operational Excellence
Çimsa Grey – Operational Excellence ▪
Slide 14: Çimsa Grey – Strong Export Capabilities
Çimsa Grey – Strong Export Capabilities
Slide 15: Çimsa White – Main Application Areas
Çimsa White – Main Application Areas
Slide 16: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪
Slide 17: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪ 1
Slide 18: Çimsa White - Overview of the Bunol Transaction
Çimsa White - Overview of the Bunol Transaction Cantabria Asturias País Galicia Vasco Foral de Navarra • La Castilla y Rioja León • Aragón Cataluña Madrid Extremadura Castilla-La Valenciana Mancha • Buñol Murcia • Andalucía
Slide 19: Special Products – Çimsa Aluminates family
Special Products – Çimsa Aluminates family ▪ ▪ ▪ ▪
Slide 20: Special Products – Calcium Aluminate Cement
Special Products – Calcium Alimunate Cement
Slide 21: Çimsa's Sustainability Milestones
Çimsa’s Sustainability Milestones • • • • • • • • • •
Slide 22: Sustainability Governance at Çimsa
Sustainability Governance at Çimsa
Slide 23: The Future for Çimsa's Business
The Future for Çimsa’s Business
Slide 24: Operational Results
Operational Results
Slide 25: Operational Result
cim@® Operational Result Challenging market conditions, slowdown in infrastructural projects suppressed topline. Change% 9M-2018 9M- 2019 | Change% ™ clinker production (kton) 6.10] 5393 5.539 3.92: 2015 2016 2017 2018 9M 2019 Q3-18 Q3-19 Grey clinker production 1.083 1145 (kton) White clinker produ
Slide 26: Operational Results
cim@® Operational Results White Cement & Clinker Sales Volumes (M ton) = Ready Mix Concrete Sales Volumes (M m?) ua Domestic Sales m Export Sales 3,4 37 1.01 1,03 . 28 " | 0.57 | 0,26 05 0.26 0.30027 0,7 04 on EE 8 | Pe 2016 2017 2018 Q318 319 2016 2017 2018 Q3-18 Grey comes & Clinker Sales Volumes
Slide 27: Operational Result – Grey Clinker Cost Structure
Operational Result – Grey Clinker Cost Structure -21% -6% Raw Material Fuel Electricity Other Raw Material Fuel Electricity Other
Slide 28: Financial Results
Financial Results wwwcimsacom.tr 2g
Slide 29: Financial Result
Financial Result SEP 2018 SEP 2019 Key Financial Highlights (MTL) Q3-18 Q3-19 Change % Change% YTD YTD
Slide 30: Financial Result
Financial Result YE Cash: 202 MTL 9M Cash: 240 MTL
Slide 31: Financial Result
cim Financial Result Net working capital*/ Net Sales was at 21% for 2019, decreased from 28% for 2018. onth average Y Optimization of production to managing inventory levels. Y Strong overdue receivable management Net working capital / Net Sales v Payment term negotiations with suppliers is at 21% f
Slide 32: Balance Sheet
cim@® Balance Sheet MTL Cash and cash equivalents 240 202 Borrowings B90 7.029 Trade receivables 467 435 Trade payables 356 296 Derivative financial instruments 12 23 Derivative financial liabilities 12 42 Inventories 232 190 Deferred income 15 5 Prepaid expenses an} 10 Current income tax liability
Slide 33: Income Statement
cim@® Income Statement suas [ana | sae | aaa —] Sales 1.285 1305 473 452 Cost of sales (-) 1.052 -953 -389 -332 GROSS PROFIT 233 352 83 120 General and administrative expense (-) 103 al 41 -24 Marketing, selling and distribution expense (-) 12 “10 3 4 Research and development expense (-) 4 3 4 4 Oth
Slide 34: Cash Flow
cim@® — Cash Flow CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation Adjustments to reconcile net profit/loss for the period Changes in working capital Short term trade receivables Inventories ‘Other receivables/current assets/prepaid expenses Long-term trade receivables Other long-term tra
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q3 2019 Earnings Presentation on 6ix