Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA

Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (November 2014)

38 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, Nov 12, 2014

  1. Slide 1: Aksa Akrilik Kimya Sanayii A.Ş. Investor Presentation

    Aksa Akrilik Kimya Sanayii A.Ş. November 2014 Aksa - Investor Presentation 12.11.2014

  2. Slide 2: Content

    Content 1. Aksa in brief 2. Business Information 3. Financial Information Aksa - Investor Presentation 12.11.2014

  3. Slide 3: Aksa in brief

    Aksa in brief 1 Aksa - Investor Presentation 12.11.2014

  4. Slide 4: Company Name, Establishment, Paid Capital

    Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 185.000.000 TL Stock Borsa Istanbul (BIST) (1986 >) Stock Code AKSA Companu H.Q. Miralay Şefikbey Sok. No:15 Akhan Gümüşsuyu, Beyoğlu, Istanbul/Türkiye Plant Denizçalı Köyü Yalova - İzmit Yolu No:34 Yalova/Türkiye Web www.a

  5. Slide 5: Shareholders and Stock Information

    Shareholders ve Stock Information Shareholders Aksa Stock Performance 9,00 95.000,00 8,00 85.000,00 7,00 BIST Akkök 40% 40% 75.000,00 6,00 65.000,00 5,00 Emniyet 20% 4,00 55.000,00 3,00 45.000,00 2,00 35.000,00 1,00 11 Nov.2014 25.000,00 - Stock Value 7,25 TL 3,42 USD Company Value (Mio) 1.332 TL 63

  6. Slide 6: Participations - Subsidiaries – Joint Ventures

    Participations - Subsidiaries – Joint Ventures Joint Ventures Subsidiaries Participations • DowAksa Holdings • Aksa Egypt • Akpa > %50 share > %100 share > %13,47 share > 176 mio. USD capital > Textile > International trade > Carbon Fiber production Aksa - Investor Presentation 12.11.2014

  7. Slide 7: Acrylic Fiber

    Acrylic Fiber Aksa is one of the biggest 40 industry companies from the beginning of the index. Aksa - Investor Presentation 12.11.2014

  8. Slide 8: BIST corporate governance index

    Aksa, is in first 10 at BIST corporate covernance index Aksa - Investor Presentation 12.11.2014

  9. Slide 9: Akkök Holding

    Akkök Holding Chemicals Energy •Aksa Akrilik • Akenerji •DowAksa • SEDAŞ • Akkim Real Estate • Akiş Textile – Akbatı • Aksa Egypt – Akasya • Akmerkez • Akturizm Services • Akmerkez Lokantacılık • Ak-Pa • Aktek • Dinkal Aksa - Investor Presentation 12.11.2014

  10. Slide 10: Akkök Holding

    Akkök Holding 4.350 17 5 Net Sales (Billion USD) Empoloyee Company Listed 3,1 3,1 Company 2,9 2,7 2010 2011 2012 2013 Aksa - Investor Presentation 12.11.2014

  11. Slide 11: Milestones

    Milestones 1960-1970s •Company Foundation •The plant in Yalova began to operate with a capacity of 5,000 tons /year •First export •Increasing the capacity to 35,000 tons/year 1980 – 1990s •Distributed Control System (DCS) was established for the first time in Turkey •Acrylic fiber production capacity

  12. Slide 12: Business Information

    Business Information 2 Aksa - Investor Presentation 12.11.2014

  13. Slide 13: Strategic Business Units

    Strategic Business Units Acrylic Fiber • Largest acrylic fiber producer under one single roof in the world • %16 Global, %67 local market share • 750 mio. USD revenue • Export over 50 countries Technical Fiber • High value-added products / Develop fibers for technical end-use areas • %50 Global mark

  14. Slide 14: What is Acrylic Fiber?

    What is Acrylic Fiber? Natural and warm appearance and touch Easily washed and keep dimensional stability Wool (natural fiber) Resistant against sunlight & chemical substances Resembles wool Dyed in brilliant colours Acrylic Fiber (synthetic fiber) Aksa - Investor Presentation 12.11.2014

  15. Slide 15: Acrylic Fiber – application areas

    Acrylic Fiber – application areas Akrilik Elyafın Kullanım Alanları Aksa - Investor Presentation 12.11.2014

  16. Slide 16: Acrylic Fiber Producers

    Acrylic Fiber Producers Aksa Akrilik is the biggest firm in the global market in production capacity Aksa - Investor Presentation 12.11.2014

  17. Slide 17: Global Fiber Consumption

    Global Fiber Consumption 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2025 2050 Synthetic Fibers 32,1 38,2 41,3 44,5 42,6 43,9 48,7 52,7 53,8 58 63,6 97,2 Polyester 19,1 24,7 27,8 31,1 30,7 32 36 40 41,4 46 50 80 PP fibers 6 6,5 6,5 6,4 5,9 6,1 6 6,2 6,5 7 7 10 Polyamide 4,1 3,9 3,9 3,9 3,5 3,3

  18. Slide 18: Acrylic Fiber Consumption (Based on Country)

    Acrylic Fiber Consumption (Base on Country) 2013 Acrylic Fiber Consumption Tones 1,960 882 272 128 98 60 51 48 29 295 28 26 22 21 consumption Indonesia Romania Pakistan Mexica Turkey Other China Egypt Brasil Total India Italy USA Iran Global demand is mostly concentrated in Asia and Middle East Aksa

  19. Slide 19: Acrylic Fiber Production (Based on Country)

    Acrylic Fiber Production (Base on Country) 2013 Acrylic Fiber Productions Tones 1,960 694 290 169 Not 145 operating 102 79 70 68 61 51 47 45 35 33 32 14 25 Brasil Turkey Iran Taiwan China Uzbekistan South Korea Egypt Portugal Peru Mexica Japan India Germany Spain Tailand Total Belarus Production is

  20. Slide 20: Acrylic Fiber Producers Capacity

    Acrylic Fiber Producers Capacity Tones/ year 2013 2,363 166 Wet spinning Dry spinning 566 Both Not 60 60 operating 62 64 65 72 75 82 95 100 120 120 160 308 188 Aksa Dralon SPC Jilin Thai Jimont Monte- KAL- Anqing For- Daqing Qilu Poly- Hang- Kaneka Other Other Total Shan- Qifeng Acrylic fibre TEX Pe

  21. Slide 21: Aksa Acrylic Fiber Sales (application areas)

    Aksa Acrylic Fiber Sales (application areas) Percentage 48 100 30 12 10 Total Knit Carpet Hand knitting Other wear Products of Aksa mainly used in knitwear and carpets Aksa - Investor Presentation 12.11.2014

  22. Slide 22: Acrylic Fiber Cost Components

    Acrylic Fiber Cost Components Chemicals Acrylonitrile (ACN) Electricity Labor – Steam 75% Other Aksa - Investor Presentation 12.11.2014

  23. Slide 23: What is Technical Fiber?

    What is Technical Fiber? Industrial and outdoor applications High Endurance High resistance to rotten and mold Aksa - Investor Presentation 12.11.2014

  24. Slide 24: Technical Fiber application areas

    Technical Fiber application areas Home Textiles Filtration Sunshade Umbrella Aksa - InvestorToys Presentation Battery Titles 12.11.2014

  25. Slide 25: What is Carbon Fiber?

    What is Carbon Fiber?  Carbon fibers are extremely fine fibers (typ. 5-7 µ in human hair . dia.) consisting mostly of carbon atoms (50-70 μ)  Carbon fiber is >95% carbon carbon fiber  Carbon fibers are produced in tows (yarns) ranging (5-7 μ) from 1.000 filaments (1k), to 3k, 6k, 12k, 24k, 50k, e

  26. Slide 26: What is Carbon Fiber?

    What is Carbon Fiber?  Carbon Fiber is a high performance material, by its 30 high strength and stiffness Carbon Fiber  Carbon Fiber is used in high performance applications 20 Aramid Fiber S-glass where high strength to weight ratios are valued, as in 10 aircraft and space structures, sporting go

  27. Slide 27: Carbon Fiber - application areas

    Carbon Fiber - application areas Wind Turbine Pressurized Civil Infrastructure Marine Aerospace Blades Vessels Automotive Oil and Gas Power Transmission Sporting Goods Defense Aksa - Investor Presentation 12.11.2014

  28. Slide 28: Carbon Market

    Carbon Market  The durability and long life of CRP and its ability to be combined Breakdown of Global CF consumption by application in with traditional lightweight materials will open the way to 2013 additional fields of application. In the area of lightweight construction, the search is going on f

  29. Slide 29: Production process flow

    DOP ENERGY POWER PREPARATION RAW MATERIAL STATION SOLVENT FIBER STORAGE AREA RECOVERY SPINNING BALING AKTEK NATURAL WAREHOUSE DOWAKSA GAS AK-KİM CARBON FIBER Aksa - InvestorPOLYMERIZATION Presentation AK-TOPS 12.11.2014

  30. Slide 30: Web site – www.aksa.com

    Web site – www.aksa.com Aksa - Investor Presentation 12.11.2014

  31. Slide 31: Financial Information

    FINANCIAL INFORMATION 3 Aksa - Investor Presentation 12.11.2014

  32. Slide 32: Balance Sheet

    Balance Sheet BALANCE SHEET (Mio USD) 2011 2012 2013 2014/Q3 Current Asset 406.678 388.342 401.625 373.479 Non-current Asset 468.204 485.077 447.180 439.761 Total 874.882 873.419 848.805 813.240 Current Liability 229.220 240.994 288.879 286.621 Non-current liability 195.163 87.759 69.140 61.974 Shar

  33. Slide 33: Income Statement

    Income Statement USD (mio) 2011 2012 2013 2014/Q3 Revenue 978 907 923 715 Ebitda 108 110 132 94 Net Pprofit 57 94 74 50 Ebitda Margin % 11% 12% 14% 13% Net Profit Margin % 6% 10% 8% 7% 1.200 25% 1.000 20% 800 Ebitda 15% Revenue 600 Net Pprofit 10% Net Profit Margin % 400 Ebitda Margin % 5% 200 0 0%

  34. Slide 34: Investment – Profit – Dividend (2002 – 2013)

    Investment – Profit – Dividend (2002 – 2013) 159 160 Capex Net Profit Dividend 140 120 98 96 93 100 88 75 74 80 67 57 57 55 60 52 50 49 45 39 37 40 30 27 26 28 24 20 25 20 9 13 11 18 10 14 10 10 10 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Aksa - Investor Presentation 12.11.2014

  35. Slide 35: Production Capacity - Turnover

    Production Capacity - Turnover 2010 2011 2012 2013 2014/Q3 Capacity Utilization Rate 86% 93% 96% 98% 100% 12.11.2014 Aksa - Investor Presentation 12.11.2014

  36. Slide 36: Budget Figures

    Budget Figures 2014 Forecast (mio) 2014 Q1 Actual (mio) 2013 Actual (mio) Net Sales US$900-950 US$469 US$923 Fibers US$850-890 US$443 US$862 AF US$780-810 Tecnical Fibers US$70-80 Energy US$50-60 US$26 US$61 Exports US$320-340 US$163 US$310 AF CUR 98% 100% 98% EBITDA margin ~ 12-13% 12,3% 14,3% CAPE

  37. Slide 37: 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 purposeof securities of any issuer mentioned statemen

  38. Slide 38: Thank You

    Aksa Akrilik Kimya Sanayii A.Ş. Miralay Şefikbey Sok. No:15 Akhan Gümüşsuyu/Beyoğlu, İstanbul Tel:+90 212 251 45 00 Email:ir@aksa.com Thank You For further information Aksa - Investor Presentation 12.11.2014

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