Lenzing Ag · VIE:LNZ
Lenzing — Q3 2019 Earnings Presentation
89 slides from Lenzing's earnings presentation, Nov 6, 2019
Slide 1: Lenzing Investor Presentation
Lenzing Investor Presentation Results 01-06/2019 Lenzing Investor Presentation August 7, 2019 Results 01-09/2019 November 6, 2019 www.lenzing.com
Slide 2: Disclaimer
Disclaimer ● The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein.
Slide 3: Highlights 01-09/2019
Highlights 01-09/2019 ● Lenzing solid in a historically challenging market environment ● Group revenue almost stable at EUR 1,617.9 mn (EUR 1,636.2 mn in 01-09/2018) ● EBITDA at EUR 266.9 mn (EUR 290.6 mn in 01-09/2018) ● Continued positive development of specialties ● Specialty ratio increased to 4
Slide 4: Challenging market environment affects global fiber demand
Challenging market environment affects global fiber demand ● Fiber demand impacted Staple fiber prices (China) ● Trade conflicts triggers nervousness in textile USD/kg (excl. VAT) value chain 3.00 ● Drop in utilization rates (fibers, spinners, 2.50 downstream) and destocking effects ● China: Consume
Slide 5: Specialties
Specialties www.lenzing.com
Slide 6: Specialty fibers remain resilient
Specialty fibers remain resilient % 120 115 Lenzing Specialties1,2 (Include Lenzing specialty 110 viscose which is priced on 105 “VSF plus“ basis) 100 95 Cotton Index1 90 85 80 75 VSF (TX) CCF high1 70 0 01/17 04/17 07/17 10/17 01/18 04/18 07/18 10/18 01/19 04/19 07/19 10/19 1) In China; 6M average
Slide 7: Sustainability becoming central theme in the fiber industry
Sustainability becoming central theme in the fiber industry ● The fiber industry and consumers need answers on Sustainability Transparency Circularity up to 95% of people today wish to collaboration for consumers expect plastic plastic free free 95% up to 88%88% 86%86% live a more collaboration for
Slide 8: Lenzing well positioned as sustainability leader
Lenzing well positioned as sustainability leader ● Sustainability ● Lenzing fibers are fully biodegradable in water, soil, compost ● Lenzing again ranked No. 1 in Canopy’s Hot Button Report Canopy light green shirt ranking (23 buttons)* * Hot Button Report Nov. 2018 ● Lenzing the first industry play
Slide 9: Lenzing focuses on transparency to boost its circular business model
Lenzing focuses on transparency to boost its circular business model ● Transparency ● Circular economy ● TENCEL™ x REFIBRA™ Lyocell Fibers ● Link consumer interest to Lenzing Solution to recycle pre-consumer ● “where to buy” on www.tencel.com cotton scraps for consumers ● Branding system and textile
Slide 10: Recent study underpins fast biodegradability of Lenzing's fiber portfolio (Day 0)
Recent study underpins fast biodegradability of Lenzing‘s fiber portfolio in maritime environment Cellulose-based DAY 0 Modal Viscose Lyocell Bio-based Blend Synthetic Natural polymer Scripps Institution of Oceanography University of California San Diego, USA, as shown on 58th Dornbirn Global Fiber
Slide 11: Recent study underpins fast biodegradability of Lenzing's fiber portfolio (Day 14)
Recent study underpins fast biodegradability of Lenzing‘s fiber portfolio in maritime environment Cellulose-based DAY 14 Modal Viscose Lyocell Bio-based Natural polymer Blend Synthetic Scripps Institution of Oceanography University of California San Diego, USA, as shown on 58th Dornbirn Global Fiber
Slide 12: Recent study underpins fast biodegradability of Lenzing's fiber portfolio (Day 35)
Recent study underpins fast biodegradability of Lenzing‘s fiber portfolio in maritime environment Cellulose-based DAY 35 Modal Viscose Lyocell Bio-based Blend Synthetic Natural polymer Scripps Institution of Oceanography University of California San Diego, USA, as shown on 58th Dornbirn Global Fiber
Slide 13: Branding efforts further stepped up
Branding efforts further stepped up TENCEL™ products linked to online shops of more than 110 partners www.lenzing.com 06/11/2019 - 13
Slide 14: TENCEL branding: improvement across key indicators
TENCEL™ branding: improvement across key indicators www.lenzing.com 07/08/2019 - 14
Slide 15: 100 kt lyocell expansion project in Thailand fully on track
100 kt lyocell expansion project in Thailand fully on track ● Since October 2019 all permits are in place ● Factory licenses received ahead of schedule ● General contractor WOOD Plc. selected ● Bioenergy secured ● Project to be completed by end of 2021 www.lenzing.com 06/11/2019 - 15
Slide 16: Pulp Project "Amadeus"
Pulp Project “Amadeus“ www.lenzing.com
Slide 17: "Amadeus" project progresses as planned
“Amadeus” project progresses as planned ● Installation license granted ● Basic engineering completed ● LOI’s with critical EPC partners signed Brazil ● Final decision planned for December 2019 www.lenzing.com 06/11/2019 - 17
Slide 18: "Amadeus" will substantially strengthen Lenzing's cost position
“Amadeus” will substantially strengthen Lenzing’s cost position Commodity grade dissolving wood pulp (DWP) cash cost curve Cif China USD/tonne Lenzing Paskov Ø 671 JV 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 Effective capacity www.lenzing.com 06/11/2019 -
Slide 19: Market: DWP intertwined with paper pulp and viscose
Market: DWP intertwined with paper pulp and viscose Paper pulp market DWP market1 VSF (TX) CCFG medium vs. imported (396 mn tons) (7 mn tons) Hardwood DWP vs. Paper pulp (BHKP2) % 160 140 120 178 218 100 7 80 60 01/17 04/17 07/17 10/17 01/18 04/18 07/18 10/18 01/19 04/19 07/19 10/19 BHKP CN/ BHKP CN
Slide 20: Share of DWP backward integrated players is increasing
Share of DWP backward integrated players is increasing Capacity distribution, 2018, % Forecasted capacity, mt thereof swing capacity (PP/DWP) 2 8 6 2018 Additional 2022 Merchant Integrated Sources: Hawkins Wright, Lenzing estimates www.lenzing.com 06/11/2019 - 20
Slide 21: Financials
Financials www.lenzing.com
Slide 22: Financials – Revenue
Financials – Revenue EUR mn Share of specialty fibers (5.6) % (1.1) % in 01-09/2019 560.9 560.0 1,636.2 1,617.9 539.8 528.5 529.4 15.0% 49.8% 35.1% Specialty fibers 1 01-09/2018 01-09/2019 Standard fibers Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 Other business areas Group revenue Group revenue 1) LEN
Slide 23: Financials – EBITDA
Financials – EBITDA EBITDA margin EBITDA margin 17.1 % 16.9 % 16.4 % 16.9 % 16.2 % 17.8 % 16.5 % EUR mn EUR mn (10.6) % (8.1) % 95.8 290.6 91.4 92.0 266.9 89.2 85.7 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 01-09/2018 01-09/2019 EBITDA EBITDA www.lenzing.com 06/11/2019 - 23
Slide 24: Financials – EBIT
Financials – EBIT EBIT margin EBIT margin 11.0 % 8.8 % 9.7 % 9.7 % 9.0 % 11.6 % 9.5 % EUR mn EUR mn (22.2) % (19.3)% 61.6 54.4 190.3 51.2 47.3 47.9 153.5 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 01-09/2018 01-09/2019 EBIT EBIT www.lenzing.com 06/11/2019 - 24
Slide 25: Financials – Net profit and earnings per share
Financials – Net profit and earnings per share EPS1 (EUR) EPS1 (EUR) 1.62 0.56 1.65 1.32 1.45 5.06 4.41 EUR mn EUR mn (15.0) % (15.6)% 133.8 42.5 42.8 36.1 112.9 34.0 14.4 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 01-09/2018 01-09/2019 Group net profit Group net profit 1) Attributable to Lenzing AG sh
Slide 26: Financials – Key figures
Financials – Key figures EUR mn Change According to IFRS (EUR mn) 30 Sept. 2019 31 Dec. 2018 in % Total assets 2,801.0 2,630.9 6.5 (633) Liquid assets1 260.6 254.4 2.4 (560) thereof liquid funds 246.0 243.9 0.9 (495) (474) Total liabilities 1,269.8 1,097.0 15.8 (397) thereof financial liabilities 63
Slide 27: Cash flow development and trading working capital
Cash flow development and trading working capital 8.4 % Gross CF (47.3) % Operating CF EUR mn 8.1 % Trading Working Capital EUR mn Free CF adj. 89.6 83.7 72.7 80.6 73.6 80.0 78.9 500 474.4 Deliberate decision to take advantage of favorable prices for wood and 450 444.4 441.1 439.0 0.31imported c
Slide 28: ESG-linked Schuldscheindarlehen announced
ESG-linked Schuldscheindarlehen announced ● Lenzing one of the first companies worldwide to announce an ESG-linked Schuldscheindarlehen Reoffer-Spread Reoffer-Spread over over EUR-Mid-Swap / USD-Mid-Swap / ● Amount of EUR 200 mn equivalent Run-time 6-M-Euribor 3-M-Libor ● Currencies: EUR, USD 5 year
Slide 29: Outlook
w.lenzing.com Outlook e | Lenzing Innovative by nature
Slide 30: Strategy execution 2019: Stay the course
Strategy execution 2019: Stay the course ● Major decisions to be taken ● Greenfield DWP mill project in Brazil end of 2019 on track ● Decision to build state-of-the-art lyocell plant in Thailand ● Specialisation ● Finalize second pilot line for TENCEL™ Luxe filaments on track ● Expansion of LENZIN
Slide 31: Outlook 2019 – Fiber market and Lenzing Group
Outlook 2019 – Fiber market and Lenzing Group The International Monetary Fund expects a slowdown of global economic growth to 3 percent in 2019, mainly driven by increasing protectionist tendencies and growing geopolitical tensions. The currency environment in the regions relevant to Lenzing will re
Slide 32: Financial information Q3/2019
Financial information Q3/2019 www.lenzing.com
Slide 33: Q3/2019: Consolidated Group P&L
Q3/2019: Consolidated Group P&L (EUR mn) Q3/2019 Q2/2019 Q3/2018 01-09/2019 01-09/2018 Revenue 529.4 528.5 560.9 1,617.9 1,636.2 Change in inventories of finished goods and work in progress 5.0 22.2 1.9 21.6 4.7 Own work capitalized 13.3 13.2 11.6 36.7 39.8 Other operating income 18.2 22.3 11.7 65.5
Slide 34: Q3/2019: Topline breakdown
Q3/2019: Topline breakdown Change Change Change (EUR mn) Q3/2019 Q2/2019 Q3/Q2 (%) Q3/2018 Q3/Q3 (%) 01-09/2019 01-09/2018 y-o-y (%) Breakdown of Fibers segment revenue Textile fibers (%) 71.0 69.8 1.7 71.6 (0.8) 70.6 70.8 (0.3) Nonwoven fibers (%) 29.0 30.2 (4.0) 28.4 2.0 29.4 29.2 0.8 Fibers only
Slide 35: Q3/2019: Total opex structure
Q3/2019: Total opex structure Q3/2019 (Total Opex EUR 480.2 mn) 01-09/2019 (Total Opex EUR 1,474.8 mn) 66.3 200.3 13.8% 13.6% 99.1 299.9 20.6% 20.3% 314.8 974.7 65.5% 66.1% Q3/2018 (Total Opex EUR 490.4 mn) 01-09/2018 (Total Opex EUR 1,431.4 mn) 62.7 191.6 12.8% 13.4% 96.4 282.4 19.7% 19.7% 331.3 95
Slide 36: Q3/2019: Net debt bridge
Q3/2019: Net debt bridge Net Net financial Inflow from financial debt Cash capex2 Change in Change in the sale of Currency IFRS 16 debt Q2/2019 Tax Net interest Gross CF1 (incl. fin. ass.) trading WC other WC Dividend subsidiaries translation leasing Others Q3/2019 Change in total working capital EU
Slide 37: 01-09/2019: Net debt bridge
01-09/2019: Net debt bridge Net Net Inflow from financial financial Cash capex2 Change in Change in the sale of Currency IFRS 16 debt debt 2018 Tax Net interest Gross CF1 (incl. fin. ass.) trading WC other WC Dividend subsidiaries translation leasing4 Others Q3/2019 Change in total working capital E
Slide 38: Q3/2019: Cash flow
Q3/2019: Cash flow Change Change Change (EUR mn) Q3/2019 Q2/2019 Q3/Q2 (%) Q3/2018 Q3/Q3 (%) 01-09/2019 01-09/2018 y-o-y (%) Gross cash flow (before taxes and interest) 91.8 99.4 (7.7) 93.2 (1.5) 290.8 285.5 1.9 Taxes and interest (12.9) (19.4) (33.4) (20.4) (36.7) (48.3) (62.1) (22.2) Gross cash fl
Slide 39: Appendix Equity story
Appendix Equity story www.lenzing.com
Slide 40: Lenzing – Our mission
Lenzing – Our mission “Lenzing is a performance materials company that turns CO2 and sunlight into highly functional, emotional and aesthetic products across the globe” www.lenzing.com 06/11/2019 - 40
Slide 41: Global fiber market at a glance
Global fiber market at a glance 2018e consumption numbers ● Lyocell 6% ● Modal Wood-based ● Viscose cellulose fibers1 25% Cotton 106 mn tons 63% Synthetic fibers 1% Wool 5% Other natural fibers2 Sources: CIRFS, The Fiber Year, China Chemical Fiber Group, ICAC, Lenzing estimates 1) Wood-based and cot
Slide 42: Highly efficient use of raw materials
Highly efficient use of raw materials The Lenzing site is fully integrated. Dissolving wood pulp production at the Lenzing and Paskov sites achieve a wood utilization rate of about 100 % (incl. energy use) Highly efficient use of the raw material wood in the Lenzing Group‘s biorefineries www.lenzing
Slide 43: Lenzing is the only global player with European roots in viscose staple fibers
Lenzing is the only global player with European roots in the viscose staple fibers market1 (2018e) … Lenzing with 17 % share of production Lenzing with 15 % share of capacities2 Lenzing Others Lenzing Others 17% 16% 15% 23% Grace 5% Sateri 4 Sateri 4 10% Yamei 16% Grace 5% 5.5 mn tons 5% 7.0 mn tons
Slide 44: A global leader in wood-based specialty fibers
… and is a global leader in wood-based specialty fibers Balanced exposure to matured and Global network of production sites and emerging markets sales offices Fiber revenue by region 2018 footprint AMEA (Asia, Middle North Asia East and Africa) 38 % 35 % Europe & Americas 27 % Source: Lenzing data a
Slide 45: Lenzing's capacity 2019: A global footprint
Lenzing’s capacity 20191: A global footprint Europe & China Total dissolving Americas2 wood pulp capacity 544 544 575 595 260 260 178 178 275 275 119 119 2018 2019e 300 320 165 165 2018 2019e 2018 2019e Total capacity Indonesia Lenzing (A) Paskov (CZ) 1,045 1,045 260 260 119 119 Lyocell3 323 323 Mod
Slide 46: Brand architecture
Brand architecture www.tencel.com www.veocel.com www.lenzingindustrial.com For Textile For Nonwovens For Industrial & Textile B2C Specialties B2C Specialties Core www.lenzing.com 06/11/2019 - 46
Slide 47: Sales and marketing – Customer concentration
Sales and marketing – Customer concentration Textiles Percent of sales by customers Nonwovens Percent of sales by customers (20181) (20181) 63% 49% 46% 35% 33% 22% Top 5 Top 10 Top 20 Top 5 Top 10 Top 20 Source: Lenzing data 2018 www.lenzing.com 06/11/2019 - 47
Slide 48: Lenzing underpins its innovation leadership
Lenzing underpins its innovation leadership Industry leading R&D spend (EUR 42.81 mn in 2018) R&D is an essential part of the sCore TEN strategy and R&D expenditures (2015-2018)1 contributes to all five fields EUR mn % ● Decision to invest appr. EUR 100 mn into sustainable production 60.0 3.0 techno
Slide 49: Looking forward: Megatrends support fiber demand growth
Looking forward: Megatrends support fiber demand growth Population growth and higher purchasing power in the emerging markets drive overall fiber growth World CAGR 2010-2020 6.9 7.8 6.1 Population +1.1 % bn 12.2 GDP per capita 9.7 (current prices) 5.7 +2.4 % ths. USD/capita 14.8 Fiber consumption 11
Slide 50: Wood-based fibers outgrow market
Wood-based fibers outgrow market Expected growth of global fiber demand until 2023 Million metric tons 130 Wood-based fibers CAGR 120 Synthetic fibers 106 m tons (2018e – 2023p2) 110 Cotton 100 Other natural fibers & wool 90 Wood-based fibers1 (6 %) 5-6 % p.a. 80 70 60 Synthetic fibers 4-5 % p.a. 50
Slide 51: Asia Pacific remains the growth engine in global textiles
Asia Pacific remains the growth engine in global textiles Global apparel demand by value1 (2005-2020) CAGR (2015-2020e) USD bn 1,517 1,306 38% Asia Pacific 4% 988 36% 23% 22% North America 2% 22% 26% 26% Europe 2% 27% 39% 14% 14% ROW 3% 12% 2005 2015 2020e Sources: Euromonitor 2018, Lenzing 1) Based
Slide 52: Corporate Strategy
Corporate Strategy www.lenzing.com
Slide 53: The strategy – driving value growth
The strategy – driving value growth www.lenzing.com 06/11/2019 - 53
Slide 54: Strengthen the Core
Strengthen the Core ● Further strengthen pulp position via backward integration and/or strategic co- operations 1 ● Maintain quality leadership ● Deliver EUR 50 mn EBITDA by 2017 with commercial and operational excellence program (done) ● Strengthen our bio-refinery business ● Grow viscose position
Slide 55: Customer Intimacy, Specialization, Forward Solutions and New Business Areas
Customer Intimacy, Specialization, Forward Solutions and New Business Areas Increase management presence and decision power in the regions (done) Move selectively forward 4 Establish two additional regional in the value chain via new game-changing 2 application and customer technologies innovation c
Slide 56: sCore TEN areas
sCore TEN areas ● Direct sales vs. agents ● Pulp expansions ● Regional innovation centers ● Commercial & Operational processes ● Decentralized decision making ● Expansions in specialty fibers ● TENCEL™ Luxe ● Branding architecture ● LENZING™ Web ● Innovation boosted Technology www.lenzing.com 06/11/
Slide 57: Lyocell expansion projects – key facts
Lyocell expansion projects as part – key facts ● 2016/17: 10kt debottlenecking in Grimsby and Lenzing ● 2018: 25kt expansions in Heiligenkreuz fully operational ● 2018: Decision to temporarily mothball 90kt expansion project in Mobile, Alabama ● 2019: Announcement to build a state-of- the-art lyocel
Slide 58: Thailand is an excellent location for Lyocell growth in Asia
Thailand is an excellent location for Lyocell growth in Asia ● Thailand has free trade agreements with China, India and is part of ASEAN. All relevant growth markets can be supplied from Thailand ● Strong support from local authorities ● Highly professional FDI1 support from Thailand’s BOI2 ● Strong
Slide 59: Lenzing is backward integrated
Lenzing is backward integrated Lenzing’s level of backward integration: Own pulp supply in percentage of annual fiber capacity ● 60 % secured by own pulp production Total annual ● Remaining pulp is secured fiber capacity through long-term contracts (100 %) 56% 56% 56% 57% 60% 2014 2015 2016 2017 201
Slide 60: Key facts about "Amadeus" project
Key facts about “Amadeus” project ● Lenzing and Duratex S.A. (leader in sustainable forestry management, experience in construction and operation of big scale industrial plants) to investigate a greenfield DWP plant in Brazil ● Lenzing to hold 51 % and Duratex 49 % ● FSC® certified wood supply ● Key
Slide 61: Brazil – perfect for a lowest cost DWP mill worldwide
Brazil – perfect for a lowest cost DWP mill worldwide ● Very favorable wood economics, strong local talent pool and excellent supplier network ● Brazil has a lot of experience in pulp projects ● Since year 2000, ~50 % of new pulp capacity was built in Brazil Brazil ● Duratex – strong JV partner ● Le
Slide 62: Sustainability
Sustainability www.lenzing.com
Slide 63: What does sustainability mean to the Lenzing Group?
What does sustainability mean to the Lenzing Group? www.lenzing.com 06/11/2019 - 63
Slide 64: Lenzing Group sustainability targets
Lenzing Group sustainability targets 1 Implementation of conservation solutions 2 Improvement of specific wastewater emissions by 20 % by 2022 3 Improvement of specific sulfur emissions by 50 % by 2022 4 Assessment of the sustainability performance of 80 % of „most relevant“ suppliers 5 Transparency
Slide 65: Sustainability: a key business and innovation driver
Sustainability: a key business and innovation driver www.lenzing.com 06/11/2019 - 65
Slide 66: Partnering for systemic change
Partnering for systemic change Lenzing is committed to driving the sustainability improvement of the textile and nonwoven industry with its participation in the following multi-stakeholder initiatives to bring systemic change: ● Sustainable Apparel Coalition (SAC) ● Canopy ● Changing Markets - Roadm
Slide 67: The biorefinery concept of the Lenzing Group
The biorefinery concept of the Lenzing Group in Lenzing, Austria * purified/marketed by a partner company www.lenzing.com 06/11/2019 - 67
Slide 68: Environmental friendly
Environmental friendly TENCEL™ Lyocell fiber production process www.lenzing.com 06/11/2019 - 68
Slide 69: Highly efficient
Highly efficient LENZING™ Viscose and modal fiber production process www.lenzing.com 06/11/2019 - 69
Slide 70: Responsible wood and pulp sourcing
Responsible wood and pulp sourcing Strict wood and dissolving wood pulp sourcing policy ● No sourcing from controversial sources, such as e.g. ● ancient and endangered forests ● high conservation value areas proved by CanopyStyle Audit All Lenzing production sites are FSC® (Chain of Custody) certifi
Slide 71: From wood to dissolving wood pulp
From wood to dissolving wood pulp Dissolving wood pulp is made from ● beech ● spruce ● eucalyptus ● several other types of wood and has to meet different requirements to those for paper pulp. Dissolving wood pulp uses about 0.5 % of global wood harvested. www.lenzing.com 06/11/2019 - 71
Slide 72: Certification status of wood and dissolving wood pulp
Certification status of wood and dissolving wood pulp in the Lenzing Group Certification status of total wood and dissolving wood pulp used by Lenzing production sites, own and purchased dissolving wood pulp 2017 Basis: Dissolving wood pulp used by Lenzing for fiber production, non-certified dissolv
Slide 73: Canopy: Lenzing is leading the sector
Canopy: Lenzing is leading the sector Full support of Canopy pathway ● Wood & Pulp Policy aligned with Canopy ● First to complete verification audit of CanopyStyle initiative light green shirt ranking (23 buttons)* ● Traceability: TENCEL™ Lyocell with * Hot Button Report Nov. 2018 REFIBRA™ technolog
Slide 74: Sustainable innovations and products
Sustainable innovations and products www.lenzing.com
Slide 75: Net-benefit products
Net-benefit products ● Offer positive impacts and benefits to environment, society and value chain partners, which are significantly better than most competing alternatives in the market. ● Take a life-cycle perspective and thus include both upstream and downstream value chain processes. ● Net-benef
Slide 76: TENCEL Lyocell fibers: lower environmental impact
TENCEL™ Lyocell fibers: lower environmental impact ● Higg MSI™1: Score refers to environmental impacts ● Low scores = better ● High scores = worse ● MSI score1 for TENCEL™ Lyocell fibers several times lower than for generic viscose and conventional cotton. ● Much lower impact on water scarcity of TE
Slide 77: Innovation: TENCEL x REFIBRA Lyocell Fibers
Innovation: TENCEL™ x REFIBRA™ Lyocell Fibers ● Combination of lyocell technology with pioneering use of recycled cotton off-cuts ● Upcycling of cotton and significant reduction of cotton scraps in the garment production ● New system to identify the fiber in finished garment ● Environmentally respon
Slide 78: Innovation: LENZING ECOVERO
Innovation: LENZING™ ECOVERO™ The new standard in eco-responsible viscose 30 ● LENZING™ ECOVERO™ fibers are the innovative 25 and unique answer to the increasing demand MSI score, points/kg fiber for sustainable products along the textile 20 value chain Fossil resource depletion 15 ● Worldwide highe
Slide 79: All Lenzing standard fibers are biodegradable
All Lenzing standard fibers are biodegradable www.lenzing.com 06/11/2019 - 79
Slide 80: Certificates and recognitions
Certificates and recognitions Wood sourcing Environmental Product safety Disclaimer: Customers should note that the third party certification and use of logos only relates to the fiber, and that final products would need recertification. There is no implied right for the customer to use any of the l
Slide 81: Certificates and recognitions
Certificates and recognitions ● VÖNIX (Austrian Sustainability Index) ● 100 % USDA Biobased certification for Lenzing standard ● The EU Ecolabel (European Flower) fibers (LENZING™ FR at 99 %) ● Responsible Care® ● OK compost HOME (TÜV AUSTRIA BELGIUM) ● OEKO-TEX® Standard 100 ● OK biodegradable SOIL
Slide 82: Summary: Lenzing's solutions to sustainability challenges
Summary: Lenzing’s solutions to sustainability challenges of textile industry Lower footprint Transparency & Partnerships Responsible Sustainable sourcing Innovations www.lenzing.com 06/11/2019 - 82
Slide 83: Backup
w.lenzing.com Backup e | Lenzing Innovative by nature
Slide 84: Long-term interfiber price development
Long-term interfiber price development Staple fiber prices – Development in China1 RMB/ton (incl. VAT) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 01/10 10/10 07/11 04/12 01/13 10/13 07/14 04/15 01/16 10/16 07/17 04/18 01/19 10/19 Viscose Cotton Polyester Source: China Cotton Association, Chin
Slide 85: Successful launch of TENCEL in textiles
Succesful launch of TENCEL™ in textiles TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ Intimate Active Home Denim Luxe feels so right feels so right feels so soft feels so ready feels so feels so feel the touch TENCEL™ is TENCEL™ is comfortable natural of conscious applicable to applicable
Slide 86: A new brand for nonwovens
A new brand for nonwovens VEOCEL™ Beauty VEOCEL™ Body VEOCEL™ Intimate VEOCEL™ Surface gentle care, reliable care, natural care, effective care, purely for you purely for you purely for you purely for you www.lenzing.com 06/11/2019 - 86
Slide 87: Brand for new business areas
Brand for new business areas LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ TENCEL™ for for for for for for for for Agriculture Engineering Packaging Protective Workwear Biorefinery Co-Products Footwear Products Wear Products TENCEL™ for Footwear is a B2B branded offer for Industrial
Slide 88: Lenzing share information
Lenzing share information ISIN LNZ / AT0000644505 Bloomberg LNZ:AV B&C Reuters LNZNF.PK Privatstiftung 50.0 % ATX, ATX Prime, ATX Global Free float Indices Players, VÖNIX Sustainability Index 46.0% Number of shares 26,550,000 Share price September 30, 2019 EUR 88.35 Market capitalization EUR 2,345.6
Slide 89: Contacts and financial calendar
Contacts and financial calendar Investor Relations contact Financial calendar Stephanie Kniep Results 01-09/2019 November 6, 2019 Head of Investor Relations Full year results 2019 March 12, 2020 Corporate Communications & Investor Relations 76th Annual General Meeting April 16, 2020 Phone: +43 7672