Lenzing Ag · VIE:LNZ
Lenzing — H1 2019 Earnings Presentation
87 slides from Lenzing's earnings presentation, Aug 7, 2019
Slide 1: Lenzing Investor Presentation Results 01-06/2019
Lenzing Investor Presentation Results 01-06/2019 Lenzing Investor Presentation August 7, 2019 Results 01-06/2019 August 7, 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 H1/2019
Highlights H1/2019 ● Group revenue up 1.2 % to EUR 1,088.5 mn (EUR 1,075.4 mn in H1/2018) in a challenging market environment ● Specialty ratio increased to 48.4 % (H1/2018: 44.1 %) ● EBITDA at EUR 181.2 mn (EUR 194.8 mn in H1/2018) ● Decision to build 100 kt lyocell fiber plant in Thailand. Complet
Slide 4: Strategy
w.lenzing.com Strategy e | Lenzing Innovative by nature
Slide 5: What means sustainability to the Lenzing Group?
What means sustainability to the Lenzing Group? www.lenzing.com 07/08/2019 - 5
Slide 6: Lenzing commits to Science Based Targets and defines CO2 ambitions
Lenzing commits to Science Based Targets and defines CO2 ambitions ● Science Based Targets organization provides the leading framework for climate targets in line with Paris agreements ● Lenzing joins companies such as Levi’s, Nike, Chanel, IKEA, H&M ● Lenzing commits to ambitious CO2 targets next t
Slide 7: Specialties
Specialties www.lenzing.com
Slide 8: Specialty fiber business resilient
Specialty fiber business resilient % 120 115 Lenzing Specialties 1, 2 110 105 Cotton Index 1 100 95 90 85 80 VSF (TX) CCF high 1 75 0 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 1) In China 2) Lenzing‘s specialties: LENZINGTM Lyocell, LENZINGTM Modal, LENZINGTM Speci
Slide 9: Luxury fibers are increasingly relevant blending partners next to traditional fibers
Luxury fibers are increasingly relevant blending partners next to traditional fibers Staple fiber prices (China1) Luxury fiber pricing USD/kg USD/kg (excl. VAT) 3.00 140 2.50 120 100 2.00 80 1.50 60 1.00 40 0.50 20 0.00 0 01/2015 12/2015 11/2016 10/2017 09/2018 08/2019 01/2015 10/2015 07/2016 04/201
Slide 10: Lenzing decided for world scale lyocell production in Thailand
Lenzing decided for world scale lyocell production in Thailand ● Initial investment of EUR 400 mn to build 100kt line plus required infrastructure investments for future expansions ● Project to be completed by end of 2021 ● Site in Prachinburi provides ample room for growth (up to 4 lyocell lines wi
Slide 11: The lyocell market develops in line with our expectations
The lyocell market develops in line with our expectations Wood-based cellulose fibers demand outlook, mt Expected CAGR, ● Industry has been supply constrained for years 2017-2022, % ● Lenzing has been sole market developer of the industry ● Capacity announcements in line with expectations ● Capacity
Slide 12: TENCEL™ branding: improvement across key indicators
TENCEL™ branding: improvement across key indicators www.lenzing.com 07/08/2019 - 12
Slide 13: Lenzing teams up with key brands to increase visibility
Lenzing teams up with key brands to increase visibility ● Strong increase of co-branding initiatives since TENCEL™ ● TENCEL™ products linked in online shops of more than 90 partners brand launch to increase visibility (for example Mara Hoffman) ● Big milestone: “Where to buy“ section introduction on
Slide 14: Standard fibers
Standard fibers www.lenzing.com 07/08/2019 - 14
Slide 15: Interfiber price development
Interfiber price development Staple fiber prices (China)1 USD/kg (excl. VAT) 3.00 2.50 2.00 1.50 1.00 0.50 0.00 01/2015 07/2015 01/2016 07/2016 01/2017 07/2017 01/2018 07/2018 01/2019 07/2019 Viscose Cotton Polyester Source: CCFG, CCA, CCFEI, TFY 1) Price development until Aug 2nd, 2019 www.lenzing.
Slide 16: Chinese viscose staple fiber market
Chinese viscose staple fiber market VSF1 long-term price trend and inventory of China ● Capacity additions in VSF leveled down utilization RMB/ton (incl. VAT) days rate to approx. 77 % from 81 % in H1/2018 18,000 35 17,000 30 16,000 ● Seasonal demand patterns plus trade tensions 15,000 25 20 14,000
Slide 17: Pulp market
Pulp market www.lenzing.com 07/08/2019 - 17
Slide 18: Current status of pulp expansion projects
Current status of pulp expansion projects ● Greenfield project in Brazil in full swing ● Experienced team established ● JV secured biomass, water and land BrazilBrazil ● Temporary production license granted ● Basic engineering almost finalized ● Final investment decision end of 2019 Rio de São Janei
Slide 19: Financials
Financials www.lenzing.com 07/08/2019 - 19
Slide 20: Financials – Revenue
Financials – Revenue EUR mn Share of specialty fibers +0.7 % in H1/2019 560.9 560.0 539.8 525.0 528.5 15.5% 48.4% 36.1% Specialty fibers 1 Standard fibers Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Other business areas Group revenue 1) LENZING™ Lyocell, LENZING™ Modal, LENZING™ Specialty Viscose www.le
Slide 21: Financials – EBITDA
Financials – EBITDA EBITDA margin EBITDA margin 17.7 % 17.1 % 16.9 % 16.4 % 16.9 % 18.1% 16.6% EUR mn EUR mn (4.2)% (7.0)% 194.8 95.8 181.2 93.2 92.0 91.4 89.2 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 H1/2018 H1/2019 EBITDA EBITDA www.lenzing.com 07/08/2019 - 21
Slide 22: Financials – EBIT
Financials – EBIT EBIT margin EBIT margin 11.4 % 11.0 % 8.8 % 9.7 % 9.7 % 12.0% 9.7% EUR mn EUR mn (14.4)% (17.9)% 128.7 105.6 59.8 61.6 54.4 51.2 47.3 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 H1/2018 H1/2019 EBIT EBIT www.lenzing.com 07/08/2019 - 22
Slide 23: Financials – Net profit and earnings per share
Financials – Net profit and earnings per share EPS1 (EUR) EPS1 (EUR) 1.55 1.62 0.56 1.65 1.32 3.44 2.97 EUR mn EUR mn (17.5)% (15.9)% 42.5 42.8 91.3 41.2 34.0 76.8 14.4 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 H1/2018 H1/2019 Group net profit Group net profit 1) Attributable to Lenzing AG shareholder
Slide 24: Financials – Key figures
Financials – Key figures 900 EUR mn Change According to IFRS (EUR mn) 30 June 2019 31 Dec. 2018 in % 800 Total assets 2,663.4 2,630.9 1.2 700 Liquid assets1 204.7 254.4 (19.6) thereof liquid funds 194.9 243.9 (20.1) 600 (560) Total liabilities 1,178.0 1,097.0 7.4 (495) 500 (474) thereof financial li
Slide 25: Cash flow development and trading working capital
Cash flow development and trading working capital 21.9 % Gross CF 2.1 % Operating CF EUR mn (0.5) % Trading Working Capital EUR mn n.a. Free CF adj. 89.6 80.6 83.7 444.4 441.1 439.0 35.0% 80.0 73.6 440 427.3 72.7 421.8 65.6 420 30.0% 49.1 50.1 400 25.0% 380 20.6% 20.8% 32.9 32.8 20.3% 28.0 360 20.0%
Slide 26: Outlook
Outlook www.lenzing.com 07/08/2019 - 26
Slide 27: 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 ● Decision to build state-of-the-art lyocell plant in Thailand ● Specialisation ● Finalize second TENCEL™ Luxe pilot line ● Expansion of LENZING™ ECOVERO™ production in China
Slide 28: 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 3.2 percent in 2019, mainly driven by increasing protectionist tendencies and growing geopolitical tensions. The currency environment in the regions relevant to Lenzing will
Slide 29: Financial information Q2/2019
Financial information Q2/2019 www.lenzing.com
Slide 30: Q2/2019: Consolidated Group P&L
Q2/2019: Consolidated Group P&L (EUR mn) Q2/2019 Q1/2019 Q2/2018 H1/2019 H1/2018 Revenue 528.5 560.0 525.0 1,088.5 1,075.4 Change in inventories of finished goods and work in progress 22.2 (5.6) 17.8 16.7 2.8 Own work capitalized 13.2 10.1 13.0 23.4 28.2 Other operating income 22.3 25.0 16.7 47.3 29
Slide 31: Q2/2019: Topline breakdown
Q2/2019: Topline breakdown Change Change Change (EUR mn) Q2/2019 Q1/2019 Q2/Q1 (%) Q2/2018 Q2/Q2 (%) H1/2019 H1/2018 H1/H1 (%) Breakdown of Fibers segment revenue Textile fibers (%) 69.8 70.9 (1.6) 70.3 (0.7) 70.3 70.4 (0.1) Nonwoven fibers (%) 30.2 29.1 3.8 29.7 1.7 29.7 29.6 0.3 Fibers only 444.0
Slide 32: Q2/2019: Total opex structure
Q2/2019: Total opex structure Q2/2019 (Total Opex EUR 497.1 mn) H1/2019 (Total Opex EUR 994.6 mn) 71.7 133.9 14.4% 13.5% 100.2 200.7 20.2% 20.2% 325.2 659.9 65.4% 66.4% Q2/2018 (Total Opex EUR 479.4 mn) H1/2018 (Total Opex EUR 941.0 mn) 66.8 128.9 13.9% 13.7% 95.0 186.0 19.8% 19.8% 317.6 626.1 66.2%
Slide 33: Q2/2019: Net debt bridge
Q2/2019: Net debt bridge Net Net financial Inflow from financial debt Cash capex2 Change in Change in the sale of Currency IFRS 16 debt Q1/2019 Tax Net interest Gross CF1 (incl. fin. ass.) trading WC other WC Dividend subsidiaries translation leasing Others Q2/2019 Change in total working capital EU
Slide 34: H1/2019: Net debt bridge
H1/2019: 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 Q2/2019 Change in total working capital EUR
Slide 35: Q2/2019: Cash flow
Q2/2019: Cash flow Change Change Change (EUR mn) Q2/2019 Q1/2019 Q2/Q1 (%) Q2/2018 Q2/Q2 (%) H1/2019 H1/2018 H1/H1 (%) Gross cash flow (before taxes and interest) 99.4 99.6 (0.2) 93.3 6.6 199.0 192.3 3.5 Taxes and interest (19.4) (15.9) 21.9 (27.7) (29.8) (35.4) (41.6) (15.1) Gross cash flow (after
Slide 36: Appendix: Equity story
Apendix Equity story www.lenzing.com
Slide 37: 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 07/08/2019 - 37
Slide 38: 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 39: 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 40: Lenzing – only producer of all three fiber generations
Lenzing – only producer of all three fiber generations 1 Sources: China Chemical & Fiber Economic Information Network, China Chemical Fiber Group, Lenzing data 1) Share of capacities by end of 2018 www.lenzing.com 07/08/2019 - 40
Slide 41: 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 42: … and is 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) 36 % 36 % Europe & Americas 28 % Source: Lenzing data a
Slide 43: Lenzing's capacity 2019: A global footprint
Lenzing’s capacity 20191: A global footprint Europe & China Total pulp Americas2 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 Lenzing (A) Paskov (CZ) Indonesia dissolving dissolving pulp capacity pulp capacity 1,045 1,045 26
Slide 44: Brand architecture
Brand architecture Launch of www.tencel.com www.veocel.com www.lenzingindustrial.com For Textile For Nonwovens For Industrial & Textile B2C Specialties B2C Specialties Core www.lenzing.com 07/08/2019 - 44
Slide 45: 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 07/08/2019 - 45
Slide 46: 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 47: 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 48: 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 49: 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 50: Corporate Strategy
Corporate Strategy www.lenzing.com
Slide 51: The strategy – driving value growth
The strategy – driving value growth www.lenzing.com 07/08/2019 - 51
Slide 52: 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 53: 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 54: 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 07/08/
Slide 55: Lyocell expansion projects as part – 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 56: 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 57: 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 58: DWP Market is relatively concentrated with significant link to Paper Pulp Market
DWP Market is relatively concentrated with significant link to Paper Pulp Market and swing mill capacity Dissolving pulp for WBCF supply, 2018, mt Capacity distribution, 2018, % Forecasted capacity, mt Merchant thereof swing capacity (PP/DWP) Integrated 2 8 7 Birla Sappi 1 6 Lenzing 9% 6 19% 9% 7% S
Slide 59: Key facts about the DWP greenfield project
Key facts about the DWP greenfield project ● Lenzing and Duratex S.A. to investigate a greenfield DWP plant in Brazil ● Lenzing to hold 51 % and Duratex 49 % ● FSC® certified wood supply ● Key facts of project under investigation ● 450 kt/a capacity → largest single line DWP plant ● Kraft pulp techn
Slide 60: 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 61: Sustainability
Sustainability www.lenzing.com
Slide 62: 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 63: Sustainability: a key business and innovation driver
Sustainability: a key business and innovation driver www.lenzing.com 07/08/2019 - 63
Slide 64: 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 65: 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 07/08/2019 - 65
Slide 66: Environmental friendly
Environmental friendly TENCEL™ Lyocell fiber production process www.lenzing.com 07/08/2019 - 66
Slide 67: Highly efficient
Highly efficient LENZING™ Viscose and modal fiber production process www.lenzing.com 07/08/2019 - 67
Slide 68: 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 69: 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 07/08/2019 - 69
Slide 70: Certification status of wood and pulp in the Lenzing Group
Certification status of wood and pulp in the Lenzing Group Certification status of total wood and pulp used by Lenzing production sites, own and purchased pulp 2017 Basis: Pulp used by Lenzing for fiber production, non-certified pulp was used for R&D purposes www.lenzing.com 07/08/2019 - 70
Slide 71: 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 72: Sustainable innovations and products
Sustainable innovations and products www.lenzing.com
Slide 73: 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 74: 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 75: 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 76: 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 77: All Lenzing standard fibers are biodegradable
All Lenzing standard fibers are biodegradable www.lenzing.com 07/08/2019 - 77
Slide 78: 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 79: 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 80: Summary: Lenzing's solutions to sustainability challenges of textile industry
Summary: Lenzing’s solutions to sustainability challenges of textile industry Lower footprint Transparency & Partnerships Responsible Sustainable sourcing Innovations www.lenzing.com 07/08/2019 - 80
Slide 81: Backup
w.lenzing.com Backup e | Lenzing Innovative by nature
Slide 82: 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 01/2010 12/2010 12/2011 11/2012 11/2013 10/2014 10/2015 09/2016 09/2017 08/2018 08/2019 Viscose Cotton Polyester Source: China Cotton Association,
Slide 83: Succesful 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 84: 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 07/08/2019 - 84
Slide 85: 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 86: Lenzing share information
Lenzing share information ISIN LNZ / AT0000644505 Bloomberg LNZ:AV B&C Reuters LNZNF.PK Privatstiftung Free Float 50.0 % ATX, ATX Prime, ATX Global Indices 50.0% Players, VÖNIX Sustainability Index Number of shares 26,550,000 Share price June 28, 2019 EUR 98.00 Market capitalization EUR 2,601.90 mn
Slide 87: Contacts and financial calendar
Contacts and financial calendar Investor Relations contact Financial calendar Stephanie Kniep Full year results 2018 March 14, 2019 Head of Investor Relations 75th Annual General Meeting April 17, 2019 Corporate Communications & Investor Relations Results 01-03/2019 May 8, 2019 Phone: +43 7672 701 4