Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q1 2020 Earnings Presentation
34 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, 2020
Slide 1: Investor Presentation 2020 Q1
INVESTOR PRESENTATION 2020 Q1
Slide 2: Disclaimer
MeO Disclaimer The information and opinions contained in this document have been compiled by Cimsa Cimento Sanayi ve Ticaret AS. (“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 co
Slide 3: Market Outlook
Market Outlook www.cimsa.comtr
Slide 4: Turkish Cement Market
cim@® Turkish Cement Market GDP growth in 2019 is 0,9% Decrease in cement consumption in 2019 is - 29.4% 21,7% 19,4% ~@ Domestic Cement Consumotion Growth 2, 9.1%" . 112% 102% 9.9% , pa 4.7% *. ae 01% of 16% 8, NU? 21% ee \ ea ; OhrS -19,8% -6,0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201
Slide 5: Turkish Cement Market
Turkish Cement Market 98 Mt 71 Mt
Slide 6: Turkish Cement Market
cim Turkish Cement Market Sabanci Cement Group is the leader of Turkish cement market with 16% market share based on clinker capacity 17% 13% 8% 8% 8%
Slide 7: Global White Cement Market
Global White Cement Market ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook
Slide 8: Global White Cement Market
Global White Cement Market ▪ ▪ ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook
Slide 9: Overview of Çimsa
Overview of Cimsa www.cimsa.com.tr
Slide 10: Çimsa Cement – History and Development
Çimsa Cement – History and Development ▪ ▪
Slide 11: Strategy Roadmap
Strategy Roadmap • • • • • • • • • • Transformation & Big Data Analytics Management, Cultural Transformation and Building Next Generation Çimsa Sustainability
Slide 12: Çimsa Grey – A solid Network
Çimsa Grey – A solid Network 6.2 Mt ANKARA ESKİŞEHİR AFYON KAYSERİ MALATYA NİĞDE MERSİN 1.6 Mt
Slide 13: Çimsa Grey – Operational Excellence
▪ 600 650 700 750 800 850 900 950 Iraq Afyon #1 Nigde #1 Russia Algeria Algeria Azerbaijan Kayseri #1 Algeria Nigeria Russia Switzerland Morocco Greece Mersin #1 Nigeria Morocco Morocco Switzerland Jordan Romania Morocco Eskisehir #2 Greece U.K. Serbia Moldova Romania Poland Germany Lebanon Çimsa Gr
Slide 14: Çimsa Grey – Strong Export Capabilities
Çimsa Grey – Strong Export Capabilities
Slide 15: Çimsa White – Main Application Areas
Çimsa White – Main Application Areas
Slide 16: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪
Slide 17: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪ 1
Slide 18: Çimsa White - Overview of the Bunol Transaction
Çimsa White - Overview of the Bunol Transaction Cantabria Asturias País Galicia Vasco Foral de Navarra • La Castilla y Rioja León • Aragón Cataluña Madrid Extremadura Castilla-La Valenciana Mancha • Buñol Murcia • Andalucía
Slide 19: Special Products – Çimsa Aluminates family
Special Products – Çimsa Aluminates family ▪ ▪ ▪ ▪
Slide 20: Special Products – Calcium Aluminate Cement
Special Products – Calcium Alimunate Cement
Slide 21: Çimsa's Sustainability Milestones
Çimsa’s Sustainability Milestones • • • • • • • • • Receiving a B rating in the CDP Climate Change • Report and a B rating in the Water Report in 2019
Slide 22: Our Six Priority SDGs
OUR SIX PRIORITY SDGs ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢
Slide 23: The Future for Çimsa's Business
The Future for Çimsa’s Business
Slide 24: Operational Results
Operational Results www.cimsa.comtr
Slide 25: Operational Result
cim@® Operational Result Grey Cement & Clinker: New projects started, and economic development affected domestic market positively. Devaluedated TRY caused higher demand in export. Q1-19 | Q1-20 Grey clinker production (kton) White clinker production (kton) Production (Kton) Grey cement & clinker sa
Slide 26: Operational Results*
Operational Results* *Çimsa Turkey Sales
Slide 27: Operational Result – Grey Clinker Cost Structure
Operational Result – Grey Clinker Cost Structure -24%
Slide 28: Financial Results
Financial Results
Slide 29: Financial Result
Financial Result DEC 2019 Key Financial Highlights (MTL) Q1-19 Q1-20 Change % YTD
Slide 30: Financial Result
Financial Result Q1 Cash: 756 MTL YE Cash: 267 MTL
Slide 31: Financial Result
cim Financial Result Net working capital*/ Net Sales was at 20% for 2020 Q], decreased from 21% for 2019, “13 month average Y Optimization of production to managing inventory levels. ¥ Strong overdue rece} able management v¥ Payment term negotiations with suppliers Net working capital / Net Sales is
Slide 32: Balance Sheet
moo Balance Sheet 756 267 Cash and cash equivalents Borrowings 1.435 880 Trade receivables 514 461 Trade payables Other receivables 3 3 FY “as 584 Derivative financial instruments a 7 Derivative financial liabilities 34 7 Inventories 265 185 Deferred income 20 24 Other current assets 137 120 Current
Slide 33: Income Statement
cim@® Income Statement (ERS re 2020 Q1 2019Q1 Sales 412 336 Cost of sales (-) 348 -269 GROSS PROFIT 64 67 General and administrative expense (-) 48 “30 Marketing, selling and distribution expense (-) 5 3 Research and development expense (-) 1 a Other operating income 1 28 Other operating expenses (-
Slide 34: Cash Flow
cim@® — Cash Flow MTL A. CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation ‘Adjustments to reconcile net profi/oss forthe period ‘Changes in working capital ‘Short term trade receivables Inventories Other receivables/current assets/prepatd expenses Long-term trade receivables Other long-te
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q1 2020 Earnings Presentation on 6ix