Cph Group Ag Class A · SIX:CPHN
Cph Group Ag Class A — CPH Chemie + Papier Holding — Investor Day (September 2020)
24 slides from Cph Group Ag Class A's investor day presentation, Sep 8, 2020
Slide 1: Investors' Day 2020
CPH Chemie + Papier Holding AG Investors‘ Day 2020 8 September 2020 CPH presentation, Investors Day, 8 September 2020 in Perlen 1
Slide 2: Disclaimer
Disclaimer Investing in the shares of CPH Chemie + Papier Holding AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of CPH Chemie + Papier Holding AG . This document contains forward-looking statements w
Slide 3: The CPH Group At a glance
The CPH Group At a glance The CPH Chemie + Papier Holding AG is a diversified and international operating industrial group founded in 1818 and headquartered in Switzerland. The CPH shares have been listed on the SIX since 2001 with the founding families as strong anchor shareholders. 524.7 Sales 201
Slide 4: The CPH Group Key figures
The CPH Group Key figures in CHF million 2018 2019 ± in CHF ± in % Net sales 533.5 524.7 -8.9 -1.7 EBITDA 83.1 88.0 +4.9 +5.9 in % of net sales 15.6 16.8 EBIT 51.6 56.6 +5.0 +9.6 in % of net sales 9.7 10.8 Net result (including minorities) 42.3 48.5 +6.2 +14.6 in % of net sales 7.9 9.2 Cash flow 69.
Slide 5: Broad and innovative product portfolio
The CPH Group Broad and innovative product portfolio Chemistry Paper Packaging CHF 78.2 Mio. CHF 9.5 Mio. 287 Products Molecular sieves, chromatography gels, specialty Newsprint and magazine paper PVC monofilms, zeolites, deuterated products PVdC coated films Markets Industry, energy, Publishing Pha
Slide 6: The CPH Group Business Divisions
The CPH Group Business Divisions Chemistry Paper Packaging Key figures 2019 78.2 9.5 293.2 54.5 CHF 78.2 Mio. 153.2 23.7 (CHF million) Net sales EBITDA Net sales EBITDA CHF 9.5 Mio. Net sales EBITDA 287 3 1 3 Market position Number 3 worldwide in Number 1 in Switzerland for Number 3 worldwide for co
Slide 7: "Strategy 2024" approved
The CPH Group “Strategy 2024” approved Net sales broadly Higher share of net sales Less exposure to the Objectives balanced among the three from outside Europe Swiss franc in currency divisions CHF 78.2 Mio. terms CHF 9.5 Mio. 287 Actions Expand Chemistry and Expand in markets in growth Expand produ
Slide 8: Worldwide sites in 2014
The CPH Group Worldwide sites in 2014 4 2 Müllheim München Perlen Uetikon Whippany Louisville CPH presentation, Investors Day, 8 September 2020 in Perlen 8
Slide 9: Worldwide sites in 2019
The CPH Group Worldwide sites in 2019 6 Müllheim 2 Gröbenzell Zvornik 3 Utzenstorf Perlen Rüti Lianyungang Whippany Suzhou Shanghai Louisville 1 1 Singapore Anápolis CPH presentation, Investors Day, 8 September 2020 in Perlen 9
Slide 10: Key figures 1st half of 2020
The CPH Group Key figures 1st half of 2020 Net sales in CHF million H1 19 H1 20 ± in % 600 Net sales 267.5 231.8 -13.3 500 400 EBITDA 47.8 33.5 -29.9 300 EBITDA margin in % 17.9 14.5 200 EBIT 32.0 17.8 -44.4 100 EBIT margin in % 12.0 7.7 0 Net result (incl. minorities) 27.2 27.2 2016 2017 2018 2019
Slide 11: 1st Half of 2020 Divisional results
1st Half of 2020 Divisional results CPH Group Chemistry Paper Packaging in CHF million H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Net sales 267.5 231.8 39.7 36.2 146.9 108.9 80.8 86.7 EBITDA 47.8 33.5 5.6 5.0 29.0 12.5 13.3 16.1 EBITDA margin in % 17.9 14.5 14.2 13.7 19.7 11.5
Slide 12: Chemistry Business developments
Chemistry Business developments Net sales EBITDA 90 12 24% 75 10 20% 60 8 16% 45 6 12% 30 4 8% 15 2 4% 0 0 0% 2016 2017 2018 2019 H1 20 2016 2017 2018 2019 H1 20 in CHF million in CHF million % of net sales Net sales 2019 by region 1st half of 2020 Good start, followed by slowdown due to the coron
Slide 13: Paper Business developments
Paper Business developments Net sales EBITDA 360 60 24% 300 50 20% 240 40 16% 180 30 12% 120 20 8% 60 10 4% 0 0 0% 2016 2017 2018 2019 H1 20 2016 2017 2018 2019 H1 20 in CHF million in CHF million % of net sales Net sales 2019 by region 1st half of 2020 22% Switzerland Q1: Demand for paper already
Slide 14: Packaging Business developments
Packaging Business developments Net sales EBITDA 180 24 24% 150 20 20% 120 16 16% 90 12 12% 60 8 8% 30 4 4% 0 0 0% 2016 2017 2018 2019 H1 20 2016 2017 2018 2019 H1 20 in CHF million in CHF million % of net sales Net sales 2019 by region 1st half of 2020 5% Switzerland Demand for medication sharply
Slide 15: Outlook 2020 Strong impact of the corona crisis
Outlook 2020 Strong impact of the corona crisis Chemistry Paper Packaging Speed and extent of Demand for magazine Demand is expected to recovery from corona and newsprint paper return to normal once the crisis crucial for expected to slightly corona CHFcrisis 153.2subsides Mio. investment dema
Slide 16: 1st Half of 2020 Consolidated income statement
1st Half of 2020 Consolidated income statement in CHF million H1 2019 H1 2020 ± in CHF ± in % Net sales 267.5 231.8 -35.7 -13.3 Changes to semi-finished & finished inventories, other income 15.5 1.9 -13.6 -88.0 Total income 282.9 233.6 -49.3 -17.4 Cost of materials and energy -163.6 -133.1 30.5 18
Slide 17: 1st Half of 2020 Consolidated balance sheet
1st Half of 2020 Consolidated balance sheet in CHF million 31.12.2019 30.06.2020 ± in CHF ± in % Liquid funds 93.1 103.0 9.9 -10.6 Other current assets 173.6 163.0 -10.6 -6.0 Fixed assets 436.0 425.1 -10.9 -2.6 Total assets 702.7 691.1 -11.6 -1.7 Current liabilities 95.9 87.5 -8.4 -8.7 Non-c
Slide 18: 1st Half of 2020 Consolidated cash flow statement
1st Half of 2020 Consolidated cash flow statement in CHF million H1 2019 H1 2020 ± in CHF ± in % Net result (incl. minorities) 27.2 27.2 0.0 -0.2 Depreciation, changes in provisions 15.1 0.3 -14.8 Cash flow 42.3 27.5 -14.8 -35.1 Change in net current assets -13.6 2.9 16.5 Cash flow from operatin
Slide 19: Net debt and leverage
The CPH Group Net debt and leverage Leverage Net financial debt for 1st half of 2020 (in CHF million) 8,0x 6,6x 103,1 6,0x 4,6 4,0x 2,2x 2,2x 2,0x 0,7x 16,5 0,3x 0,2x 115,0 – 2015 2016 2017 2018 2019 H1.20 Flüssige kfr.Finanz- lfr. Finanz- Netto Mittel/WS Verb. Verb. Finanzschulden Nettoverschuldung
Slide 20: The CPH Group demonstrates financial strength in H1 2020
The CPH Group demonstrates financial strength in H1 2020 13.7% EBITDA margin Chemistry – affirmation despite difficult environment 11.5% EBITDA margin Paper – best in European comparison 18.6% EBITDA margin Packaging – record result once again 7.7% EBIT margin CPH Group – on reasonable level despite
Slide 21: Target financial KPIs
The CPH Group Target financial KPIs Organic net sales growth of more than 3% a year EBITDA margin of over 10% Equity ratio above 50% Liquidity of at least CHF 30-50 million Annual operating investments of CHF 20-25 million CPH presentation, Investors Day, 8 September 2020 in Perlen 21
Slide 22: Solid key figures and stable anchor shareholders with a long-term commitment
The CPH Group Solid key figures and stable anchor shareholders with a long-term commitment Equity ratio Shareholders (as of 31 December 2019) 1,7% 4,4% 100% 5,0% 7,2% 80% 60% 49,9% 40% 31,8% 20% 0% Uetikon Industrieholding 2016 2017 2018 2019 H1 2020 Public shareholders Estate of Ella Schnorf-Schmid
Slide 23: CPH Share Dividend and share price development
CPH Share Dividend and share price development Distributions Share price trends 01/01/2019 – 06/30/2020 Business year 2015 2016 2017 2018 2019 Dividend per share 0.60 0.65 0.65 1.80 1.80 (in CHF) Dividend yield 1.6 1.2 2.2 2.3 (2.3) (in % at 31.12.) Dividend policy: distribution of 25% to 50% of t
Slide 24: CPH Share An attractive investment
CPH Share An attractive investment Leading competitive positions in three industrial sectors with three distinct brands Cost leader in the predatory newsprint and magazine paper market and Switzerland’s biggest recovered paper recycler Expansion of Chemistry and Packaging divisions reducing de
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