Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA
Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (May 2017)
32 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, May 2017
Slide 1: Aksa Akrilik Kimya Sanayii A.Ş.
Aksa Akrilik Kimya Sanayii A.Ş.
Slide 2: Content
CONTENT Aksa in Brief Business Information Financial Highlights Financial Information
Slide 3: Aksa in Brief
AKSA IN BRIEF
Slide 4: Production Facility
PRODUCTION FACILITY TEXTILES DIRECTORY AKTEK NATURAL GAS AK-KİM DOWAKSA RAW MATERIAL STORAGE AREA POLYMERIZATION WAREHOUSE BALING FIBER SPINNING DIW SOLVENT RECOVERY PILOT PORT ENERGY POWER POLYMERIZATION STATION
Slide 5: Aksa in Brief
AKSA IN BRIEF Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 185.000.000 TL Stock Borsa İstanbul (BIST) (1986>) Stock Code AKSA Adress Merkez Mahallesi Yalova-Kocaeli Yolu Caddesi No: 34 Yalova / Türkiye Web www.aksa.com E-mail ir@aksa.com Tel. / Fax 0 226 353 25 45 / 0
Slide 6: Shareholders
SHAREHOLDERS Aksa is a public company traded on the ISE since 1986. Emniyet Ticaret ve Sanayi A.Ş. %18,72 Akkök Holding %39,59 Other %41,69
Slide 7: Stock Information
STOCK INFORMATION Aksa Stock Performance 12,00 10,00 8,00 6,00 Aksa BIST 100' e Göre Relatif 4,00 2,00 0,00 Feb 13 Jul 13 Sep 13 Feb 14 Jul 14 Sep 14 Feb 15 Jul 15 Sep 15 Feb 16 Jul 16 Sep 16 Feb 17 Dec 13 Dec 14 Dec 15 Dec 16 Mar 13 Apr 13 May 13 Aug 13 Oct 13 Mar 13 Apr 14 May 14 Aug 14 Oct 14 Mar
Slide 8: Akkok Holding
AKKOK HOLDING Chemicals Energy Textile • Aksa • Akenerji • Aksa Egypt • DowAksa • SEDAŞ • Ak-Kim • Sepaş • Gizem Frit Real Estate Services • Akiş • Akmerkez Lokantacılık ̶ Akbatı • Ak-Pa ̶ Akasya • Aktek • Akmerkez • Dinkal
Slide 9: Akkök Holding
AKKÖK HOLDING Net Sales (Billion USD) 5.225 18 4 2,9 3,1 3,1 3,1 3,1 2,9 Employee Company Listed Company 2,7 2010 2011 2012 2013 2014 2015 2016
Slide 10: Participations – Subsidiaries – Joint Ventures
PARTICIPATIONS – SUBSIDIARIES – JOINT VENTURES Joint Subsidiaries Ventures Aksa Egypt DowAksa Holdings %100 share Textile %50 share • Fitco BV 350 mio. USD capital %100 share - Investment Carbon Fiber production Company
Slide 11: Aksa is at the 1st position as of October in 2016
ACRYLIC FIBER Aksa is at the 1st position as of October in 2016 BIST corporate governance index
Slide 12: Biggest 40
ACRYLIC FIBER Aksa is one of the biggest 40 industry companies from the beginning of the index.
Slide 13: Milestones
MILESTONES 1960 1980 2000 1970s 1990s 2010s • Carbon Fiber production • Distributed Control System (DCS) was • Capacity increased to 315.000 tons/year • Company Foundation established for the first time in Turkey • Carbon Fiber Company is founded via a • The plant in Yalova began to operate • Acrylic
Slide 14: Business Information
BUSINESS INFORMATION
Slide 15: Strategic Business Units
STRATEGIC BUSINESS UNITS Acrylic Fibers Technical Fibers Energy Largest acrylic fiber producer High value-added products / 142.5 Mw electricity licence under a single roof in the world Develop fibers for technical end-use areas Around 40 - 50 mio USD %17 Global, %69 local revenue market share Global
Slide 16: What is Acrylic Fiber?
WHAT IS ACRYLIC FIBER? Wool Acrylic Fiber (Natural Fiber) (Synthetic Fiber) • Wool-like in appearance and touch (natural and warm) • Washable and keeps its shape • Resistance to moth, oil and chemicals • Resistance to sunlight • Dyeable with bright, resistant colurs
Slide 17: Acrylic Fiber Application Areas
ACRYLIC FIBER APPLICATION AREAS CLOTHING HOME TEXTILES Jumpers, socks, plush, hand knitting, Carpet, upholstery, balnkets, rugs, sports wear and child wear velvet fabrics TEXTILE FIBERS AKRİLİK ELYAFIN Areas of use in Acrylic KULLANIMFiber ALANLARI USE OF AREAS FOR OUTDOOR AREAS OF INDUSTRIAL USE Ca
Slide 18: Market Share
MARKET SHARE Technical Fibers (Outdoor Acrylic Fiber) Global Market Leader Global Market Share 17% Market Share in Turkey 69%
Slide 19: Acrylic Fiber Cost Components
ACRYLIC FIBER COST COMPONENTS Chemicals Acrylonitrile Electricity Labor (ACN) Steam Other
Slide 20: What is Technical Fiber?
WHAT IS TECHNICAL FIBER? • Industrial and outdoor applications • High Endurance • High resistance to rotten and mold
Slide 21: What is Carbon Fiber?
WHAT IS CARBON FIBER? human hair . • Carbon fibers are extremely fine fibers (typ. 5-7 µ in dia.) (50-70 μ) consisting mostly of carbon atoms carbon fiber • Carbon fiber is >95% carbon (5-7 μ) • Carbon fibers are produced in tows (yarns) ranging from a carbon fiber and a human hair 1.000 filaments 1
Slide 22: Carbon Fiber – Application Areas
CARBON FIBER – APPLICATION AREAS Wind Turbine Blades Pressurized Vessels Civil Infrastructure Marine Aerospace Automotive Oil and Gas Power Transmission Sporting Goods Defense
Slide 23: Web Site – Aksa.com
>» WEB SITE — AKSA.COM | V-N KURUMSAL SOSYALSORUMLULUK YATIRIMCIILISKILERI URUNLER KARIYER iLETISIM Q English AKSA Dunyanin lider akrilik elyaf Ureticis' AKKOK
Slide 24: 2017 Highlights
2017 HIGHLIGHTS
Slide 25: 2017 Highlights
2017 HIGHLIGHTS In 3 April dated General Assembly Meeting, dividend amount for Dividend Payment shareholders is settled as 187 Mio TRY. Payment is done immediately on 5 April. Starting in 2016 at 850 USD, ACN closed the year at around 1,100 USD, on the back of rising oil prices. In the first quarter
Slide 26: 2017 Highlights
2017 HIGHLIGHTS On 30th of March, 2017 JCR Eurasia Crédit Rating Corp. (Japan Credit Rating Eurasia Rating) has assessed Aksa Akrilik in the Credit Rating Note high level investable category and specified its long term national note as “AA (Trk)” and its prospect as “Stable”. Our company, which aims
Slide 27: Financial Information
FINANCIAL INFORMATION
Slide 28: Balance Sheet
BALANCE SHEET BALANCE SHEET (Bin TL) 2011 2012 2013 2014 2015 2016 Current Asset 768,174 692,258 857,189 977,000 1,075,543 1,387,576 Non -current Asset 884,391 864,698 954,416 1,021,065 1,178,532 1,245,394 0 0 0 0 0 0 Total 1,652,565 1,556,956 1,811,605 1,998,065 2,254,075 2,632,970 0 0 0 0 0 0 Curr
Slide 29: Income Statement
INCOME STATEMENT Million TL 2011 2012 2013 2014 2015 2016 Revenue 1,675 1,625 1,756 2,105 2,030 1,954 EBITDA 193 196 252 285 350 390 Net Income 97 166 141 163 199 126 EBITDA Margin % 12% 12% 14% 14% 17% 20% Net Income Margin % 6% 10% 8% 8% 10% 6% 2.500 18% 16% 2.000 14% 12% Revenue 1.500 10% EBITDA
Slide 30: Investment – Profit – Dividend (Million USD)
INVESTMENT – PROFIT – DIVIDEND (MILLION USD) 159 160 140 120 93 100 87 83 76 75 80 57 55 57 61 50 55 55 60 45 42 50 36 40 25 20 0 2011 2012 2013 2014 2015 2016 CAPEX NET PROFIT DIVIDEND
Slide 31: Budget Figures
BUDGET FIGURES MILLION USD 2017 Forecast 2016 Actual 2015 Actual Net Sales 695-755 651 747 Fibers 660-710 606 695 Energy 31-40 41 48 Other 4-5 4 4 Export 270-290 257 299 Capacity Utilization 98% 100% 98% EBITDA Margin 17-18% 20% 17% CAPEX 80-90 36 83 Attention These figures reflect current expectati
Slide 32: Appendix / Disclaimer
APPENDIX / DISCLAIMER • Aksa Akrilik Kimya Sanayii A.Ş. contract or investment decision. events which may not prove to be (“Aksa”) has prepared this Investors and prospective investors in accurate. The forward-looking book (the “Book”) for the sole purpose of securities of any issuer mentioned state
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