Lenzing Ag · VIE:LNZ
Lenzing — Q1 2018 Earnings Presentation
68 slides from Lenzing's earnings presentation, May 8, 2018
Slide 1: Lenzing Investor Presentation Results 01-03/2018
Lenzing Investor Presentation Results 01-03/2018 May 8, 2018 www.lenzing.com 08.05.2018 - 1
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 Q1/2018
Highlights Q1/2018 ● Lenzing with a good first quarter in a more demanding market environment compared to Q1/2017 ● Group revenue down 6.1% to EUR 550.3 mn ● EBITDA down 24.8% to EUR 101.6 mn ● Strong balance sheet ● Adjusted equity ratio at 60.5% ● Low net financial debt of EUR 11.6 mn ● Dividend o
Slide 4: Interfiber price development
Interfiber price development1 Staple fiber prices in RMB/ton - Development in China RMB/ton (incl. VAT) 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 01/2015 05/2015 09/2015 01/2016 05/2016 09/2016 01/2017 05/2017 09/2017 01/2018 05/2018 Viscose Cotton Polyester Sources: China Cotton Associat
Slide 5: Cotton market with a positive outlook
Cotton market with a positive outlook Cotton market ● 2017/18: price projection for the mn tons 30 26.5 average Cotlook A-Index: USD 83 cents/lbs 25 23.1 24.5 25.7 25.4 25.3 18.8 19.1 20 17.9 ● Positive outlook for season 2018/19p 15 ● Cotlook A-Index price projection: 10 USD 84 cents/lbs 5 ● Consum
Slide 6: Chinese VSF market
Chinese VSF market VSF1 price trend and inventory of China ● Overall stable VSF-pricing in Q1 due to postponed start-ups of new yuan/MT day capacities and rising input costs 18,000 30 ● Since Q1-peak of RMB 14,750 in 17,000 mid-March continuous price-decline 16,000 20 15,000 ● VSF inventory inched u
Slide 7: Launch of TENCEL™
Launch of TENCEL™ ● Cellulosics‘ growth goes along with increase in customer/consumer demand for quality apparel and home textile products ● „Feels so right“: Launch of the new textile premium brand TENCEL™ ● Focus on product quality, functional benefits and sustainable features ● Work closely with
Slide 8: TENCEL™ Co-branding initiatives
TENCEL™ Co-branding initiatives www.lenzing.com 08.05.2018 - 8
Slide 9: Financials – Revenue
Financials – Revenue EUR mn Revenue split Q1/2018 (6.1)% 586.2 17.8% 577.5 562.9 550.3 42.1% 532.8 40.1% Specialty fibers 1 Standard fibers Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Other business areas Group revenue 1) LENZINGTM Lyocell, LENZINGTM Modal, LENZINGTM Specialty Viscose www.lenzing.com 08
Slide 10: Financials – Earnings per quarter (1/2)
Financials – Earnings per quarter (1/2) EBITDA margin EBIT margin 23.0% 24.1% 21.9% 19.8% 18.5% 17.5% 18.1% 16.3% 13.6% 12.5% EUR mn EUR mn (24.8)% (32.7)% 102.3 101.8 135.1 135.6 126.4 94.2 105.3 101.6 72.6 68.9 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 EBITDA
Slide 11: Financials – Earnings per quarter (2/2)
Financials – Earnings per quarter (2/2) EPS1 (EUR) 2.75 2.80 2.57 2.35 1.89 EUR mn (33.3)% 5.50 1.50 5.00 2 75.0 75.3 1.30 4.50 4.20 69.0 EUR 2.00 1.10 62.4 3.50 1.20 0.90 50.0 2.50 2.00 3.00 3.00 0.70 1.75 3.7% 0.50 4.7% 1.50 0.25 4.2% 1.00 2.8% 0.30 3.6% 2.9% 0.50 1.50 2.6% 1.9% 0.10 Q1/2017 Q2/20
Slide 12: Financials Q1/2018 – Key figures
Financials Q1/2018 – Key figures EUR mn Change According to IFRS (EUR mn) 31 March 2018 31 Dec. 2017 in % 900 Total assets 2,602.1 2,497.3 4.2 (801) Liquid assets1 366.8 315.8 16.1 800 (730) (683) thereof liquid funds 352.5 306.5 15.0 700 Total liabilities 1,049.4 989.4 6.1 600 (577) 570 thereof fin
Slide 13: Cash flow development and trading working capital
Cash flow development and trading working capital (30.2)% Gross CF EUR mn (6.1)% Trading Working Capital (incl. factoring) 2.4 % Operating CF EUR mn (36.5)% Free CF adj. 500 30.0% 450 0 0 400 50 18 46 414 407 25.0% 121.8 350 384 353 384 106.1 105.2 108.6 98.2 300 95.1 93.4 85.1 250 19.4% 20.0% 79.3
Slide 14: Market environment more challenging
Market environment more challenging 2018e: 600 – 900 kt viscose net capacity additions Harriman index increased over the last two quarters expected to come on stream1 (Caustic soda, IHS Europe low, EUR/t) 6.3 – 6.6 800 5.7 5.4 600 400 200 2016 2017e 2018e 0 Q1-16 Q3-16 Q1-17 Q3-17 Q1-18 China viscos
Slide 15: Outlook 2018: Execution priorities
Outlook 2018: Execution priorities ● Strengthen the core ● Continue debottlenecking of 35 kt pulp until 2019 ● Finalize decision on backward integration ● Specialization ● Start-up with 25 kt lyocell from debottlenecking in Heiligenkreuz, Austria, in Q2/2018 ● Finalize 90 kt lyocell brownfield proje
Slide 16: Outlook 2018 – Fiber market and Lenzing Group
Outlook 2018 – Fiber market and Lenzing Group The International Monetary Fund expects a further acceleration in global economic growth to 3.9 percent in 2018. However, growing protectionist tendencies in the political arena represent a source of uncertainty. Export-oriented companies in the Eurozone
Slide 17: Q1/2018 Financial information
Q1/2018 Financial information www.lenzing.com 08.05.2018 - 17
Slide 18: Q1/2018: Consolidated Group P&L
Q1/2018: Consolidated Group P&L Change Change (EUR mn) Q1/2018 Q4/2017 Q1/2017 Q1/Q4 (%) Q1/Q1 (%) Revenue 550.3 532.8 586.2 3.3 (6.1) Change in inventories of finished goods and work in progress (15.0) 20.3 (21.4) - (29.9) Own work capitalized 15.1 13.7 9.3 10.8 63.5 Other operating income 12.8 11.
Slide 19: Q1/2018: Topline breakdown
Q1/2018: Topline breakdown Change Change (EUR mn) Q1/2018 Q4/2017 Q1/Q4 (%) Q1/2017 y-o-y (%) Breakdown of Fibers segment revenue Textile fibers (%) 70.4 69.0 2.0 71.5 (1.5) Nonwoven fibers (%) 29.6 31.0 (4.4) 28.5 3.9 Fibers only 456.9 468.6 (2.5) 508.5 (10.1) Other1 90.6 62.0 46.2 75.6 19.9 Total
Slide 20: Q1/2018 Total opex structure
Q1/2018 Total opex structure Q1/2018 (Total Opex EUR 461.6 mn) Q1/2017 (Total Opex EUR 451.7 mn) 62.1 66.9 13.4% 14.8% 91.0 85.5 19.7% 18.9% 308.6 299.2 66.8% 66.3% Cost of material and purchased services Cost of material and purchased services Personnel expenses Personnel expenses Other operating e
Slide 21: Q1/2018: Net debt bridge
Q1/2018: Net debt bridge Change in total working capital EUR 28.3 mn3 0.0 11.6 0.2 1.2 2.6 23.0 59.5 5.3 66.8 13.5 0.5 99.11 Net financial Tax Net interest Gross CF Cash capex Change in Change in Dividend Inflow from Currency Others Net financial debt FY 2017 (incl. fin. ass.) other WC trading WC th
Slide 22: Q1/2018: Cash flow
Q1/2018: Cash flow Change Change (EUR mn) Q1/2018 Q4/2017 Q1/Q4 (%) Q1/2017 Q1/Q1 (%) Gross cash flow (before taxes and interest) 99.1 114.8 (13.7) 132.5 (25.3) Taxes and interest (14.0) (21.4) (34.6) (10.7) 30.5 Gross cash flow (after taxes and interest) 85.1 93.4 (8.9) 121.8 (30.2) Change in total
Slide 23: FY 2017 Back-up financial information
FY 2017 Back-up financial information www.lenzing.com 08.05.2018 - 23
Slide 24: FY 2017: Consolidated Group P&L
FY 2017: Consolidated Group P&L (EUR mn) 2017 2016 Change y-o-y (%) Revenue 2,259.4 2,134.1 5.9 Change in inventories of finished goods and work in progress 16.8 6.4 160.5 Own work capitalized 46.1 21.8 111.1 Other operating income 49.9 45.5 9.6 Cost of material and purchased services (1,258.0) (1,2
Slide 25: FY 2017: Consolidated Group P&L - Quarters
FY 2017: Consolidated Group P&L - Quarters Change Change (EUR mn) Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q4/Q3 (%) Q4/2016 Q4/Q4 (%) Revenue 586.2 562.9 577.5 532.8 (7.8) 555.7 (4.1) Change in inventories of finished goods and work in progress (21.4) 20.4 (2.5) 20.3 - 18.2 11.2 Own work capitalized 9.3 10.
Slide 26: FY 2017: Topline breakdown
FY 2017: Topline breakdown Change Change Q4/Q3 Q4/Q4 Change (EUR mn) Q1/2017 Q2/2017 Q3/2017 Q4/2017 (%) Q4/2016 (%) 2017 2016 y-o-y (%) Breakdown of Fibers segment revenue Textile fibers (%) 71.5 69.2 70.2 69.0 (1.6) 71.0 (2.8) 70.0 70.9 (1.3) Nonwoven fibers (%) 28.5 30.8 29.8 31.0 3.9 29.0 6.8 30
Slide 27: Financials 2017 – Earnings per quarter
Financials 2017 – Earnings per quarter EBITDA margin EBIT margin EPS1 (EUR) 19.4% 23.0% 24.1% 21.9% 19.8% 13.4% 17.5% 18.1% 16.3% 13.6% 2.50 2.75 2.80 2.57 2.35 EUR mn EUR mn EUR mn (2.2)% (2.7)% (6.9)% 135.1 135.6 126.4 102.3 101.8 75.0 75.3 94.2 107.7 105.3 69.0 67.0 74.6 72.6 62.4 Q4/2016 Q1/2017
Slide 28: Financials – Earnings
Financials – Earnings EBITDA margin EBIT margin EPS1,2 (EUR) 11.8% 12.9% 14.7% 20.1% 22.2% 4.5% 1.2% 7.6% 13.9% 16.4% 1.89 (0.92) 4.78 8.48 10.47 EUR mn EUR mn EUR mn +17.3% +25.2% +23.0% 371 282 502 428 296 229 290 240 128 225 151 86 50 22 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014
Slide 29: FY 2017: OPEX as of total sales
FY 2017: OPEX as of total sales Change Change Q4/Q3 Q4/Q4 Change (EUR mn) Q1/2017 Q2/2017 Q3/2017 Q4/2017 (%) Q4/2016 (%) 2017 2016 y-o-y (%) Total sales 586.2 562.9 577.5 532.8 (7.8) 555.7 (4.1) 2,259.4 2,134.1 5.9 Total OPEX1 (451.7) (472.2) (473.1) (472.7) (0.1) (481.6) (1.9) (1,869.7) (1,779.6)
Slide 30: FY 2017: Solid balance sheet, strong ROCE
FY 2017: Solid balance sheet, strong ROCE as at Dec. 31, 2017 3,000.0 ∑ EUR 2,497.3 mn ∑ EUR 2,497.3 mn Change According to IFRS (EUR mn) 31 Dec. 2017 31 Dec. 2016 in % 2,500.0 Total assets 2,497.3 2,625.3 (4.9) Liquid assets1 315.8 570.4 (44.6) 2,000.0 thereof liquid funds 306.5 559.6 (45.2) Total
Slide 31: FY 2017 Total opex structure
FY 2017 Total opex structure 2016 (Total Opex EUR 1,779.6 mn) 2017 (Total Opex EUR 1,869.7 mn) 236.6 262.4 13.3% 14.0% 319.2 349.4 17.9% 18.7% 1,258.0 1,223.8 67.3% 68.8% Cost of material and purchased services Cost of material and purchased services Personnel expenses Personnel expenses Other opera
Slide 32: FY 2017: Net debt bridge
FY 2017: Net debt bridge EUR mn Change in total working capital EUR (148.5) mn3 245.3 2 76.7 7.2 71.8 66.8 80.6 111.7 3.1 1.8 26.1 12.5 511.8 1 Net financial Tax Net interest Gross CF Cash capex Change in Change in Dividend Inflow from Currency Others Net financial debt FY 2016 (incl. fin. ass.) oth
Slide 33: Financials 2017 – Key figures (1/2)
Financials 2017 – Key figures (1/2) EUR mn EUR mn 900 (801) 800 (730) 1,650 49.7% (683) 700 1,605 (577) 1,596 600 570 1,600 1,579 39.7% 505 1,572 500 450 1,550 1,541 29.7% (383) 400 355 316 296 300 280 1,500 19.7% 328 200 8.1% 18.6% 1,450 3.7% 15.1% 9.7% 100 67 (0.1%) 7 0 1,400 -0.3% 2013 2014 2015
Slide 34: Financials 2017 – Key figures (2/2)
Financials 2017 – Key figures (2/2) 1,800 130.0% 120.0% 1,600 EUR mn 1,528 EUR 110.0% 1,390 5.50 1.50 1,400 100.0% 5.001 1,219 1.30 90.0% 4.20 1,200 1,110 4.50 1,055 80.0% 1.10 1,000 61.2% 70.0% 3.50 1.20 2.00 53.0% 0.90 50.6% 60.0% 800 3.00 3.00 50.0% 2.50 2.00 0.70 600 1.75 40.0% 3.7% 45.5% 44.7%
Slide 35: FY 2017: Cash flow by quarters
FY 2017: Cash flow by quarters Change Change Change Q4/Q3 Q4/Q4 y-o-y (EUR mn) Q1/2017 Q2/2017 Q3/2017 Q4/2017 (%) Q4/2016 (%) 2017 2016 (%) Gross cash flow (before taxes and interest) 132.5 134.1 130.4 114.8 (12.1) 124.8 (8.1) 511.8 445.4 14.9 Taxes and interest (10.7) (28.9) (32.1) (21.4) (33.7) (
Slide 36: Cash flow development and trading working capital
Cash flow development and trading working capital +8.5% Gross CF (42.7)% Operating CF +9.2% (91.1)% Free CF adj. EUR mn 600 40.0% EUR mn 500 82 35.0% 473 419 78 0 0 83 386 400 447 30.0% 366 414 394 396 380 25.6% 284 271 300 25.0% 231 23.4% 20.8% 219 216 200 19.4% 20.0% 145 21.3% 19.5% 21.6% 95 115 1
Slide 37: Appendix Equity story
Appendix Equity story www.lenzing.com 08.05.2018 - 37
Slide 38: 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” Textile Nonwoven www.lenzing.com 08.05.2018 - 38
Slide 39: Global fiber market at a glance
Global fiber market at a glance 2017e consumption numbers Wool 1.1% Cotton 24.2% 105 mn tons Synthetic fibers Other natural fibers 64.1% 4.4% Wood-based fibers 6.2% ● Lyocell ● Modal ● Viscose 1) Incl. bast, flax, hemp, jute, silk and allied fibers 2) Wood-based and cotton linter-based cellulose fib
Slide 40: Lenzing - Market leader in all three fiber generations
Lenzing - Market leader in all three fiber generations Competitive Fiber Types Market Position Intensity Lyocell #1 Low Modal #1 Medium Viscose #2 High Source: Lenzing data 2017, CCFG, CCFEI www.lenzing.com 08.05.2018 - 40
Slide 41: Lenzing is the only player with European roots in viscose staple fibers
Lenzing is the only player with European roots in the viscose staple fibers market1 (2017e) … Lenzing with 17% share of production Lenzing with 16% share of capacities2 Others Lenzing Others Lenzing 17% 17% 20% 16% Xiangsheng 5% Xiangsheng Aoyang 5.3 mn tons 5% 6.2 mn tons Birla 16% 5% Birla Aoyang
Slide 42: … and is a global leader in wood-based cellulose fibers
… and is a global leader in wood-based cellulose fibers Balanced exposure to matured and Global network of production sites and emerging markets sales offices Fiber revenue by region 2017 footprint AMEA (Asia, Middle North Asia East and Africa) 37% 35% Europe & Americas 28% Source: Lenzing data as a
Slide 43: Capacity 2018: A global footprint
Capacity 20181: A global footprint Europe2 China Total pulp capacity 457 493 570 575 181 209 178 178 270 275 111 119 165 165 2017 2018e 300 300 2017 2018e 2017 2018e Lenzing (A) Paskov (CZ) USA Total capacity Indonesia dissolving dissolving pulp capacity pulp capacity 1,009 1,048 232 263 51 54 111 1
Slide 44: Textile and Nonwovens are the two main applications
Textile and Nonwovens are the two main applications Textile Nonwovens Size ~90 mt ~10 mt Regional Over 90% of spinning and fabric making Mainly a regional market (due to high logistic costs) focus located in China, India and Asia-Pacific High Low: Top 5 to 10 players hold between 60-80% share Fragme
Slide 45: Long-term interfiber price development
Long-term interfiber price development1 Staple fiber prices - Development in China USD/kg (incl. VAT) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 01/2010 10/2010 07/2011 04/2012 01/2013 10/2013 07/2014 04/2015 01/2016 10/2016 07/2017 04/2018 Viscose Cotton Polyester Sources: China Cotton Association, Ch
Slide 46: Sales and marketing - Customer concentration
Sales and marketing - Customer concentration Textiles Percent of sales by customers Nonwovens Percent of sales by customers (20171) (20171) 61.2% 47.5% 44.5% 30 % 35% 21 % Top 5 Top 10 Top 20 Top 5 Top 10 Top 20 Source: Lenzing data 2017 www.lenzing.com 08.05.2018 - 46
Slide 47: Lenzing underpins its innovation leadership
Lenzing underpins its innovation leadership Industry leading R&D spend (EUR 55.41 mn in 2017) ● R&D is an essential part of the sCoreTEN strategy and contributes to R&D expenses (2014-2017)1 all five fields EUR mn ● Substantial progress with respect to strategic innovations and thus looking at a hea
Slide 48: sCore TEN investment program
sCore TEN investment program ● Debottlenecking of pulp and specialty fibers ● Around EUR 100 mn in pulp (in 2019) ● Around EUR 100 mn in specialty fibers (in 2018) ● Lyocell brownfield project of 90 kt in Mobile/USA (in 2019) ● Investment of USD 293 mn at existing site in Mobile/USA ● Construction s
Slide 49: 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 Population 6.1 +1.1% bn 12.2 GDP per capita 9.7 (current prices) 5.7 +2.4% ths. USD/capita 14.8 Fiber consumption 11.9
Slide 50: Wood-based fibers outgrow market
Wood-based fibers1 outgrow market Expected growth of global fiber demand until 2020 Million metric tons 120 CAGR 110 Wood-based fibers (2015e – 2020p2) 100 Synthetic Cotton 90 Other Wood-based 5-6% p.a. 80 fibers1 70 60 Synthetic fibers 4-5% p.a. 50 40 30 Cotton 0-1% p.a. 20 10 Total fiber market 3-
Slide 51: 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 27% 2% 39% 14% 14% ROW 12% 3% 2005 2015 2020e 1 Based on current prices and historic year
Slide 52: Sustainability is gaining importance
Sustainability is gaining importance Less than 1% of global water Arable land is decreasing due to Oil is a finite resource causing resources is available as fresh erosion and urbanization negative externalities water for people ● With a growing global population, ● Sooner or later “peak oil” will b
Slide 53: Lenzing’s sustainability strategy
Lenzing’s sustainability strategy “Lenzing balances the needs of society, the environment and shareholders and is a sustainability leader in its industry. Creating substantially more positive impacts or benefits is the guiding torch for our innovation and business practices.” ● Four focus areas ● Wo
Slide 54: Certificates and recognitions
Certificates and recognitions ● VÖNIX (Austrian Sustainability Index) ● 100% USDA Biobased certification for all Lenzing fibers (LENZINGTM FR at 99%) ● The European Eco-Label (European Flower) ● OK compost HOME (TÜV AUSTRIA BELGIUM) ● Responsible Care® ● OK biodegradable SOIL (TÜV AUSTRIA BELGIUM) ●
Slide 55: LENZING™ ECOVERO™ - The new standard in eco-responsible viscose
LENZING™ ECOVERO™ - The new standard in eco- responsible viscose! ● LENZING™ ECOVERO™ fibers are the innovative and unique answer to the increasing demand for sustainable products along the textile value chain ● Worldwide highest environmental standards in the viscose production relying on three maj
Slide 56: REFIBRA™: The game changing recycling technology
REFIBRATM: The game changing recycling technology ● REFIBRATM recycling technology for the circular economy (Closed loop system) ● Combination of lyocell technology with pioneering use of recycled cotton off-cuts ● Upscaling of cotton and significant reduction of cotton scraps in the garment product
Slide 57: Dissolving wood pulp is the basis for our sustainable products
Dissolving wood pulp is the basis for our sustainable products Our business is part of a natural closed cycle We only use wood from sustainable forestry 1) Controlled = Internally audited according to the standards of the wood certifiers and externally verified www.lenzing.com 08.05.2018 - 57
Slide 58: Highly efficient use of the raw materials
Highly efficient use of the 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). www.lenzing.com 08.05.2018 - 58
Slide 59: Fiber production fully secured by a robust pulp supply
Fiber production fully secured by a robust pulp supply Level of backward integration: Own pulp supply in percentage of annual fiber capacity ● >50% secured by own pulp production ● Remaining pulp is secured Total annual through long-term contracts fiber capacity (100%) 58% 56% 56% 56% 56% 2013 2014
Slide 60: The strategy – driving value growth
The strategy – driving value growth www.lenzing.com 08.05.2018 - 60
Slide 61: 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 ● Strengthen our co-products business ● Grow viscose position via stra
Slide 62: 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 Move selectively forward 4 in the value chain via new Establish two additional game-changing 2 regional application and technologies customer innovation centers
Slide 63: Backup
Backup www.lenzing.com 08.05.2018 - 63
Slide 64: Where you can find our fibers
Where you can find our fibers Apparel/Home & Interiors - close to skin www.lenzing.com 08.05.2018 - 64
Slide 65: Where you can find our fibers
Where you can find our fibers Nonwovens • Facial masks • Wipes • Hygiene articles www.lenzing.com 08.05.2018 - 65
Slide 66: Where you can find our fibers
Where you can find our fibers New Business Development & Technical textiles • In automotive • Packing solutions with • Botanic Shoe with TENCEL® fiber (car seats, tires, injection Lenzing Modal® COLOR fiber TENCEL® fiber shoe complete (shoe molding, …) (vegetable and fruit nets – soles, lining, uppe
Slide 67: Lenzing share information
Lenzing share information Oberbank AG 3.97% ISIN LNZ / AT0000644505 Bloomberg LNZ:AV Reuters LNZNF.PK ATX Prime, ATX Global Players, Indices VÖNIX Sustainability Index B&C Privatstiftung Number of shares 26,550,000 50.00% Share price March 29, 2018 EUR 100.30 Free float 46.03% Market capitalization
Slide 68: Contacts and financial calendar
Contacts and financial calendar Investor Relations contact Financial calendar ● Stephanie Kniep Full year results 2017 March 14, 2018 Head of Investor Relations 74th Annual General Meeting April 12, 2018 Corporate Communications & Investor Relations Results 01-03/2018 May 8, 2018 ● Phone: +43 7672 7