Compagnie Chargeurs Invest · EURONEXT:CRI
Compagnie Chargeurs Invest — Chargeurs — Investor Presentation (September 2015)
29 slides from Compagnie Chargeurs Invest's investor presentation, Sep 29, 2015
Slide 1: Group presentation
Group presentation Martine Odillard, Chief Executive Officer Rémy Husson, Chief Financial Officer Cédric Ratouis, Investor Relations September 29th, 2015
Slide 2: Agenda
Agenda 1. Group profile 2. Businesses 3. 2015 First-Half Financial Review 4. Outlook --- Appendices Group presentation – September 29th, 2015 2
Slide 3: 1. Group profile
& CHARGEURS Ss 1. Group profile
Slide 4: Chargeurs today
Chargeurs today } A global manufacturing and services group } More than 90 % of sales outside France } 1,600 people in 32 countries on 5 continents } 11 industrial sites in6 countries on 4 continents } 4 operating segments with leading positions Protective Films Temporary protection of surfaces Tech
Slide 5: Key dates in Chargeurs history
Key dates in Chargeurs history } 1925 Creation of textile group Pricel } 1872 Creation of Compagnie des - Chargeurs Réunis (navigation) } 1976 Acquisition by Jérôme Seydoux } 1980 Acquisition by Jérôme Seydoux - Dying - cruises (Paquet) - Interlining for clothing (Interlining, Fashion) - airline bus
Slide 6: A successful transformation between 2010 and 2014
A successful transformation between 2010 and 2014 } Strategic priorities of the transformation } Group strong deleveraging } Improvement of the profitability on capital employed } Return to profitable growth } Implementation } Funding and cash management } Extension of ST facility of banking protoco
Slide 7: A successful transformation between 2010 and 2014: figures
A successful transformation between 2010 and 2014 : figures } 2012 and 2013, decrease of the } H1 2014, introduction of a « recurring } 2012, restructuring in wool and revenue: new equity method for wool operating profit » in the consolidated interlining businesses partnerships income statement to p
Slide 8: 2. Businesses
& CHARGEURS 2. Businesses
Slide 9: A leader with an innovative positioning
A leader with an innovative positioning Serving 4 markets: } Expert in manufacturing self-adhesive films for Building Industrial Prod. temporary protection of fragile surfaces during all the industrial process } A global leadership } 93 % of sales outside France Automobile Electronic } 520 people in
Slide 10: A dynamic to improve financial results
A dynamic to improve financial results Production in the building sector Source Eurostat – June 2015 Polyethylene prices evolution Prix €/tonne 1 743 1800 1 620 1 600 1 550 1600 1643 1 385 1400 1200 1 280 1 220 1 145 1000 800 740 600 Source: Platts – August 21, 2015 Group presentation – September 29
Slide 11: A very promising new segment
A very promising new segment } 4 businesses in functionalization of technical substrates: Decoprint Scenevent } Digital printing substrates destined to } Coated textiles with technical advertising promising market applications for creative spaces } Perfect technological competence and } New business
Slide 12: Strong growth expected in 2015 and 2016
Strong growth expected in 2015 and 2016 According to the World Textile Information Network (Wint), global production expansion of digital printed textile substrates reached 24% in 2014. In 2015, it should remain a double- digit growth. Source: http://www.lemoci.com/textilemarche-mondial-limpression-
Slide 13: A major player
A major player “We manage the full } Interlining expert: technical product, inserted production process” between the fabric and the lining to keep garments flexible and help them to retain their shape Warping } A major player in the clothing market with a highly globalized organization having a comm
Slide 14: Resilience in a mature market
Resilience in a mature market Clothing consumption evolution (in % per year) 2009/ 2010/ 2011/ 2012/ 2013/ 2014/ 2008 2009 2010 2011 2012 2013 France -3,1% -0,3% -2,5% -2,1% -0,7% -0,9% Allemagne -1,0% 3,0% 0,0% -2,0% -2,0% -1,0% G.B. 0,8% 4,5% 2,0% 1,5% 1,5% 3,8% Italie -1,8% -1,6% -3,4% -5,0% -7,0
Slide 15: A transformed business model
A transformed business model } Expert of a key step in wool manufacturing chain } « top maker » : creation of long, fine blended-wool fibers that successfully meet the needs of spinning mills } A global presence : } 100 % of sales outside France } With a light and worldwide structure } 4 industrial
Slide 16: «Wool risk» managed
« Wool risk » managed Australian Wool prices (EMI – Weekly) * * (*) 2012 and 2013, decrease of revenue : new equity method for wool partnerships Ratio Wool / Other textiles fibers EMI vs other fibres Group presentation – September 29th, 2015 16
Slide 17: 3. 2015 First-Half Financial Review
3. 2015 First-Half Financial Review 17
Slide 18: Key figures
Key figures In € million H1 2015 H1 2014 Change Revenue 256.6 243.9 5.2% Recurring operating profit 15.6 12.0 30.0% Operating profit 14.4 11.8 22.0% Attributable net profit 8.0 6.4 25.0% In € million June 30, 2015 Dec 31, 2014 Attributable equity 205.6 182.6 Cash position 9.8 9.3 } Significant growt
Slide 19: Change in Consolidated Revenue
Change in Consolidated Revenue Revenue (in €m) - H1 2014 243.9 Volume impact (8.1) Price & mix impact 2.8 Currency impact 18.0 Change 12.7 Revenue (in €m) - H1 2015 256.6 Group presentation – September 29th, 2015 19
Slide 20: Change in Operating Profit
Change in Operating Profit In € million Recurring Non Operating operating recurring profit profit items H1 2014 12.0 (0.2) 11.8 Volume impact (3.0) - (3.0) Price & mix impact 4.3 - 4.3 Currency impact 3.2 - 3.2 Fixed costs (0.9) - (0.9) Non recurring items - (1.0) (1.0) Change #REF! 3.6 (1.0) 2.6 H1
Slide 21: Consolidated Income Statement
Consolidated Income Statement In € milllion H1 2015 H1 2014 Revenue 256.6 243.9 Recurring operating profit 15.6 12.0 % revenue 6.1% 4.9% Non recurring items (1.2) (0.2) Operating profit 14.4 11.8 % revenue 5.6% 4.8% Finance costs & other financial income and expense, net (2.4) (2.9) Income tax expen
Slide 22: Analytical Consolidated Balance Sheet
Analytical Consolidated Balance Sheet In € million June 30th, 2015 Dec 31st, 2014 Intangible assets 77.6 72.6 Property, plant and equipment 52.8 50.3 Inv. in associates and joint ventures 18.6 27.1 Non current assets and liabilities, net (0.2) (12.7) Working capital 54.6 47.2 Total capital employed
Slide 23: Statement of Changes in Equity
Statement of Changes in Equity In € million H1 2015 H1 2014 Equity at beginning of period 182.6 157.9 Attributable net profit 8.0 6.4 Translation reserve 10.7 0.2 Shares issued on bond conversions 4.0 2.5 Paid dividends (3.2) - Actuarial gain and losses on post-employment benefit obligations 1.0 (1.
Slide 24: Cash Flow Statement
Cash Flow Statement In € million H1 2015 H1 2014 Debt/(cash) at beginning of period (9.3) (3.2) Debt/(cash) at end of period (9.8) (0.2) Change in debt (0.5) (3.0) Cash flow from consolidated companies 15.5 12.2 Change in working capital (3.9) 0.5 Net cash from operating activities 11.6 12.7 Net cas
Slide 25: 4. Outlook
& CHARGEURS A. Outlook 25
Slide 26: Profitable growth acceleration
Profitable growth acceleration 1. Very good 2015 first-half semester 2. Pursuit of a profitable growth strategy based on a policy of innovation and the development of high value-added products 3. Start of a new production line (Chargeurs Technical Substrates), the full effect of which will be felt o
Slide 27: Appendices
& CHARGEURS Appendices 27
Slide 28: Market capitalization as of 2015/09/25: €179M
Market capitalization as of 2015/09/25: € 179 M Share FR0000130692 (CRI) Convertible Bond FR0010870931 (YCRI) 4415 083 convertible bonds were issued in March 2010 for € 22,8 M 4 5 557 convertible bonds were outstanding at August 31, 2015 representing, if converted, 177 824 shares ] maximum number of
Slide 29: 2015 Financial Agenda Contacts
2015 Financial Agenda Financial Information Third Quarter November 10 Contacts Chargeurs Investor Relations 112, avenue Kléber Cédric Ratouis 75 116 Paris - France Tel: +33 1 47 04 13 40 Financial Communications Email: contact@chargeurs.fr Pauline Bayec www.chargeurs.fr