Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — FY2023 Earnings Presentation
17 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, Mar 29, 2023
Slide 1: Çimsa Earnings Presentation 2023
ÇİMSA EARNINGS PRESENTATION 2023 Umut Zenar , CEO Mustafa Aydın, CFO March 29, 2023
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Çimsa Çimento Sanayi ve Ticaret A.Ş. (“CIMSA”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 3: Strengthening Global Presence through SBS Share Acquisition
Strengthening Global Presence through SBS Share Acquisition Germany [Hamburg] Spain [Bunol] Italy [Trieste] White Clinker United States 561 kt [Houston] Turkey Spain [Sevilla] Grinding : 305 kt [Eskisehir & Mersin&Afyon] White Clinker 1.678 kt Grey Clinker 3.597 kt CAC 131 kt 3
Slide 4: Sustainable Operations
Sustaınable Operatıons 2023 Average alternative fuel usage is 30 10% in Turkey and 2022 25% among Global Cement Players. % 26 2021 % 2020 15 % 7 % 4
Slide 5: Spain–Alternative Fuel Usage Trend %
Spain–Alternative Fuel Usage Trend % 27,6 19,0 13,9 15,0 11,2 2019 2020 2021 2022 2023 5
Slide 6: Renewable Energy Usage Ratio
In 2022 renewable energy usage ratio was 8%, with Afyon solar RENEWABLE ENERGY investment it will increase to 9%. USAGE RATIO Target of increaseing renewable energy usage ratio with new investments. Mersin Afyon Eskişehir & Bunol Eskişehir Waste Heat Solar Power Solar Power Waste Heat Recovery Plant
Slide 7: Sustainability
Sustainability SPECIFIC EMISSION INTENSITY Çimsa is one of the leader cement company that declares the Science Based Target Initiative Commitment. 910 908 912 801 759 736 679 710 664 600 2020 2021 2022 2025 2030 Grey Cement Net Specific Co2 Emission (kg Co2/ton) White Cement Net Specific Co2 Emissio
Slide 8: Sustainability Awards
Sustainability Awards 2022 Gold Award to "Responsible Use of The most prestigious Flycrete Çimsa – 2022 Resources award in the Sabancı Holding 14th The Most Environment «Grey to Green Sustainability "Superior Alternative Golden Collar Awards Friendly Ready Mix Project» Certificates" provided Fuels P
Slide 9: Highest Employee Satisfaction in 2023
Highest Employee Satisfaction in 2023 We are in the 1st place in the Construction Materials Category in Turkey's Most Wanted Workplace Research! We are in the 1st place in the Cement Category of Turkey's Happiest Workplaces Research! We are in the 1st place in the Construction Materials Category in
Slide 10: Crystalizing Shareholder Value Throughout the Year
Crystalizing Shareholder Value Throughout the Year Q1 Q2 Q3 Q4 Afyon Solar Power Plant investment SBTI commitments announced Afyon Solar Power Plant is Sabancı Global Technology Center kicked off operational innovation summit Value added CAC product Included in Sustainability Index 25 Flycrete is co
Slide 11: Spotlight on 2023 Results: Key Messages
Spotlight on 2023 Results: Key Messages • Controlling shares in Sabancı Building Solutions • Lower energy & fuel prices with optimized procurement & global dynamics • Energy Investments both in Turkey and Spain • Focus on alternative fuel usage in all plants • Strong balance sheet and cash managemen
Slide 12: Unsustainable volume increase in domestic market demand & decreasing export volume forecasted
Unsustainable volume increase in domestic market demand & decreasing export volume forecasted for 2023 & 2024 with still excess capacity in the market • Domestic Demand is increased by 18% in 2023 • Capacity usage by domestic demand and export realized 88% (2023) • Per capita cement consumption, dec
Slide 13: Robust Financial Performance in 2023
Robust Financial Performancein 2023 NET SALES (bn TL) EBITDA (bn TL) NET INCOME (bn TL)* 54% -2% 20,8 20,5 104% 72% 37% 16,6 3,4 3,7 105% 7,6 7,0 3,0 3,1 10,8 7,0 2,1 2,2 4,6 1,7 1,5 9,6 13,2 13,5 6,1 2022 * 2023 * 2022_** 2023_ ** 2022 * 2023 * 2022_** 2023_ ** 2022 * 2023 * 2022_** 2023_** IAS29 I
Slide 14: Effective Cash Management and Strong Balance Sheet
Effective Cash Management and Strong Balance Sheet Net 0,5X 4,0 Debt/EBITDA 1,2 3,0 5.000 Inline with IAS29 adjustmets – 2023 prices 0,5 7.929 2.599 1.932 - -2,0 2021 2022 2023 NWC/SALES* 16% 13 month average NWC/ LTM Sales 3.224 2.069 2.007 Inline with IAS29 adjustmets – 2023 prices 2021 2022 2023
Slide 15: Focus on Increasing Shareholder Value
Focus on Increasing Shareholder Value - Growing dividend MTL - Bonus issue with 600% from internal resources is realised 400 68 200 2018 0 2019 0 2020 0 2021 2022 2023 Dividend Paid - SBS share purchase from Sabancı - Increasing Share Price Performance Holding completed in Dec’23 ÇİMSA BIST 100 - Ma
Slide 16: Çimsa's Globalisation Vision
Çimsa’s Globalisation Vision Increasing FX Based Revenue 2nd largest in White Cement 3rd largest player in CAC globally 70% Sustainable Product Portfolio Global R&D Center and Organization 16
Slide 17: Q&A
Q&A
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