Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA
Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (June 2015)
45 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, Jun 4, 2015
Slide 1: Aksa Akrilik Kimya Sanayii A.Ş.
Aksa Akrilik Kimya Sanayii A.Ş. JUNE 2015 Aksa - Investor Presentation 04.06.2015
Slide 2: Content
Content 1. Aksa in brief 2. Business Information 3. Financial Highlights 4. Financial Information Aksa - Investor Presentation 04.06.2015
Slide 3: Aksa in brief
Aksa in brief 1 Aksa - Investor Presentation 04.06.2015
Slide 4: Company Name, Establishment, Paid Capital
Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 185.000.000 TL Stock Borsa Istanbul (BIST) (1986 >) Stock Code AKSA Companu H.Q. Miralay Şefikbey Sok. No:15 Akhan Gümüşsuyu, Beyoğlu, Istanbul/Türkiye Plant Denizçalı Köyü Yalova - İzmit Yolu No:34 Yalova/Türkiye Web www.a
Slide 5: Shareholders and Stock Information
Shareholders ve Stock Information Shareholders Aksa Stock Performance BIST AKKOK 40% 40% Emniyet 20% Aksa - Investor Presentation 04.06.2015
Slide 6: Participations - Subsidiaries – Joint Ventures
Participations - Subsidiaries – Joint Ventures Joint Ventures Subsidiaries Participations • DowAksa Holdings • Aksa Egypt • Akpa > %50 share > %100 share > %13,47 share > 350 mio. USD capital > Textile > International trade > Carbon Fiber > Possible sale of production shares Aksa - Investor Presenta
Slide 7: Acrylic Fiber
Acrylic Fiber Aksa is one of the biggest 40 industry companies from the beginning of the index. Aksa - Investor Presentation 04.06.2015
Slide 8: Aksa, is at BIST corporate governance index
Aksa, is at BIST corporate covernance index Aksa - Investor Presentation 04.06.2015
Slide 9: Akkök Holding
Akkök Holding Chemicals Energy •Aksa Akrilik • Akenerji •DowAksa • SEDAŞ • Akkim • SEPAŞ Real Estate • Akiş Textile – Akbatı • Aksa Egypt – Akasya • Akmerkez • Akturizm Services • Akmerkez Lokantacılık • Ak-Pa • Aktek • Dinkal Aksa - Investor Presentation 04.06.2015
Slide 10: Akkök Holding
Akkök Holding 4.650 17 5 Employee Company Listed Company Aksa - Investor Presentation 04.06.2015
Slide 11: Milestones
Milestones 1960-1970s •Company Foundation •The plant in Yalova began to operate with a capacity of 5,000 tons /year •First export •Increasing the capacity to 35,000 tons/year 1980 – 1990s •Distributed Control System (DCS) was established for the first time in Turkey •Acrylic fiber production capacity
Slide 12: Business Information
Business Information 2 Aksa - Investor Presentation 04.06.2015
Slide 13: Strategic Business Units
Strategic Business Units Acrylic Fiber • Largest acrylic fiber producer in the world • %17 Global, %72 local market share • Around 750-800 mio. USD revenue • Export over 50 countries Technical Fiber • High value-added products / Develop fibers for technical end-use areas • Global market leader Energ
Slide 14: What is Acrylic Fiber?
What is Acrylic Fiber? Natural and warm appearance and touch Easily washed and keep dimensional stability Wool (natural fiber) Resistant against sunlight & chemical substances Resembles wool Dyed in brilliant colours Acrylic Fiber (synthetic fiber) Aksa - Investor Presentation 04.06.2015
Slide 15: Acrylic Fiber – application areas
Acrylic Fiber – application areas Akrilik Elyafın Kullanım Alanları Aksa - Investor Presentation 04.06.2015
Slide 16: Acrylic Fiber Producers
Acrylic Fiber Producers Aksa Akrilik is the biggest firm in the global market in production capacity Increased capacity to 315 Kt/year in 2015 Global capacity utilization = 80% AKSA capacity utilization = 99% Aksa - Investor Presentation 04.06.2015
Slide 17: Global Fiber Consumption
Global Fiber Consumption Aksa - Investor Presentation 04.06.2015
Slide 18: Acrylic Fiber Consumption (Base on Country)
Acrylic Fiber Consumption (Base on Country) 2014 Acrylic Fiber Consumption Tones 2.000 1.800 1.600 1.400 807 1.200 1.000 285 800 105 600 - 105 66 - 400 45 - 42 25 22 - 22 200 296 0 Production CHINA TURKEY IRAN INDIA INDONESIA USA MEXICO ITALY EGYPT PAKISTAN OTHER Total Global demand is mostly concen
Slide 19: Acrylic Fiber Production (Base on Country)
Acrylic Fiber Production (Base on Country) 2014 Acrylic Fiber Production Tones 2.000 1.800 1.600 673 1.400 1.200 1.000 306 800 147 - 600 141 115 400 - 93 - 63 200 62 58 - 49 40 0 33 25 10 5 TURKEY KOREA BELARUS UZBEKISTAN GERMANY IRAN Production TAILAND PORTUGAL PERU INDIA CHINA JAPAN TAIWAN MEXICA
Slide 20: Acrylic Fiber Producers
Acrylic Fiber Producers Capacity Tones/ year 2.370 166 Wet spinning Dry spinning 566 Both Not 60 60 operating 62 64 65 72 75 82 95 100 120 120 160 315 308 188 Aksa Dralon SPC Jilin Thai Jimont Monte- KAL- Anqing For- Daqing Qilu Poly- Hang- Kaneka Other Other Total Shan- Qifeng Acrylic fibre TEX Pet
Slide 21: Aksa Acrylic Domestic Fiber Sales (application areas)
Aksa Acrylic Domestic Fiber Sales (application areas) Percentage 35 11 Total Knit Carpet Hand knitting Other wear Products of Aksa mainly used in knitwear and carpets Aksa - Investor Presentation 04.06.2015
Slide 22: Acrylic Fiber Cost Components
Acrylic Fiber Cost Components Chemicals Labor Acrylonitrile Electricity (ACN) – Steam Other Aksa - Investor Presentation 04.06.2015
Slide 23: What is Technical Fiber?
What is Technical Fiber? Industrial and outdoor applications High Endurance High resistance to rotten and mold Aksa - Investor Presentation 04.06.2015
Slide 24: Technical Fiber application areas
Technical Fiber application areas Home Textiles Filtration Sunshade Umbrella Aksa - InvestorToys Presentation Battery Titles 04.06.2015
Slide 25: What is Carbon Fiber?
What is Carbon Fiber? Carbon fibers are extremely fine fibers (typ. 5-7 µ in dia.) human hair . consisting mostly of carbon atoms (50-70 μ) Carbon fiber is >95% carbon carbon fiber Carbon fibers are produced in tows (yarns) ranging from (5-7 μ) 1.000 filaments (1k), to 3k, 6k, 12k, 24k, 50k, e
Slide 26: Carbon Fiber Producers
Carbon Fiber Producers Aksa - Investor Presentation 04.06.2015
Slide 27: Carbon Fiber - application areas
Carbon Fiber - application areas Wind Turbine Pressurized Civil Infrastructure Marine Aerospace Blades Vessels Automotive Oil and Gas Power Transmission Sporting Goods Defense Aksa - Investor Presentation 04.06.2015
Slide 28: Carbon Fiber – global and local market
Carbon Fiber – global and local market 140.000 8.000 7.000 120.000 6.000 100.000 5.000 Mt/ Carbon Fiber 80.000 4.000 Opportunity for Turkey 3.000 60.000 %1.2 %1.2 2.000 %1.3 %1.2 40.000 %1.1 %0.8%0.7 1.000 %0.1%0.1%0.4%0.6 20.000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Dünya Global
Slide 29: Carbon Market
Carbon Market Aksa - Investor Presentation 04.06.2015
Slide 30: DowAksa in 2014-2015
DowAksa in 2014-2015 50% share of the German prepreg producer “c-m-p GmbH” was acquired for an amount of EUR 15 million, consisting of the first phase worth EUR 10 million, and an additional EUR 5 million on condition that the determined company performance criteria is achieved within the followin
Slide 31: DowAksa in 2014-2015
DowAksa in 2014-2015 Signed joint development agreement (JDA) with Ford Motor Company and Ford Global Technologies to advance the development of cost effective, high volume manufactured carbon fiber for use in automotive and other industries. Ford is planning to start using carbon Aerospace, fiber
Slide 32: Production process flow
DOP ENERGY POWER PREPARATION RAW MATERIAL STATION SOLVENT FIBER STORAGE AREA RECOVERY SPINNING BALING AKTEK NATURAL WAREHOUSE DOWAKSA GAS AK-KİM CARBON FIBER Aksa - InvestorPOLYMERIZATION Presentation AK-TOPS 04.06.2015
Slide 33: Web site – www.aksa.com
Web site – www.aksa.com Aksa - Investor Presentation 04.06.2015
Slide 34: 2015 HIGHLIGHTS
2015 HIGHLIGHTS 3 Aksa - Investor Presentation 04.06.2015
Slide 35: 2015 Highlights
2015 Highlights 1- Investment Loan from EBRD Obtained 50 Million EUR loan from European Bank for Reconstruction and Development (EBRD) for financing of modernization and investment projects. It is a 5 year time loan with a year of grace period and with ‘Euribor + 2,10’ interest rate. 2- Ford & DowAk
Slide 36: 2015 Highlights
2015 Highlights 3- Dividend Payment In 30 March dated General Assembly Meeting, dividend amount for shareholders is settled as 122 Mio TRY. Payment is done immediately on 2 April. 4- ACN prices – AF prices Due to decreasing oil prices, our main raw material ACN’s price also decreased. In 2014 averag
Slide 37: 2015 Highlights
2015 Highlights 5- Net income increased by 39% in Q1 2015 compared to Q1 2014 70.000 60.000 4.887 3.618 50.000 1.657 24.207 40.000 30.000 Aerospace, 25% 49.862 20.000 35.817 10.000 Figures are in Significant Growth forecasted for the Industrial Market! ‘000 TRY 0 Net income Derivative FX difference
Slide 38: FINANCIAL INFORMATION
FINANCIAL INFORMATION 4 Aksa - Investor Presentation 04.06.2015
Slide 39: Balance Sheet
Balance Sheet Aksa - Investor Presentation 04.06.2015
Slide 40: Income Statement
Income Statement Aksa - Investor Presentation 04.06.2015
Slide 41: Investment – Profit – Dividend (2002 – 2014)
Investment – Profit – Dividend (2002 – 2014) 159 160 140 120 98 96 93 100 88 75 74 74 80 67 57 57 55 57 55 60 52 50 49 45 39 37 40 28 30 27 26 24 20 25 20 9 13 11 18 10 14 10 10 10 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Capex Net Profit Dividend Aksa - Investor Presentati
Slide 42: Production Capacity - Turnover
Production Capacity - Turnover 04.06.2015 Aksa - Investor Presentation 04.06.2015
Slide 43: Budget Figures
Budget Figures Attention These figures reflect current expectations and assumptions. Future expectations are based on the circumstances and assumptions in the related period, may not be realized upon risk and uncertainties. We are not obliged to update or revise budget figures due to potential incid
Slide 44: 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 stateme
Slide 45: Thank You
Aksa Akrilik Kimya Sanayii A.Ş. Miralay Şefikbey Sok. No:15 Akhan Gümüşsuyu/Beyoğlu, İstanbul Tel:+90 212 251 45 00 Email:ir@aksa.com Thank You For further information Aksa - Investor Presentation 04.06.2015
Aksa Akrilik Kimya Sanayii A.Ş. — Investor Presentation (June 2015) on 6ix