Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA
Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (March 2023)
30 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, March 2023
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 COAL POLYMERIZATION STATION WAREHOUSE
Slide 5: Aksa in Brief
AKSA IN BRIEF Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 323.750.000 TL Stock Borsa İstanbul (BİST) (1986>) Stock Code AKSA Adress Merkez Mah.Raif Ali Dinçkök Cad. No:2 Taşköprü Çiftlikköy-Yalova/Türkiye Web www.aksa.com E-mail ir@aksa.com Tel. / Fax 0 226 353 25 45
Slide 6: Shareholders
SHAREHOLDERS Aksa is a public company traded on BİST since 1986. Emniyet Ticaret ve Sanayi A.Ş. %21,52 Akkök Holding %39,59 Other %38,89
Slide 7: Stock Information
STOCK INFORMATION Aksa Stock Performance
Slide 8: Akkök Holding
AKKÖK HOLDING Chemicals Energy • Aksa • Akenerji • DowAksa • Sedaş • Ak-Kim • Sepaş • Akcoat • Epsilon Real Estate Services • Akiş • Akmerkez Lokantacılık ̶ Akbatı • Ak-Pa ̶ Akasya • Aktek • Akmerkez • Dinkal
Slide 9: Akkök Holding
AKKÖK HOLDING 5.000+ 23 4 Employee Company Listed Company
Slide 10: Joint Ventures
JOINT VENTURES Joint Ventures DowAksa Holdings %50 share 400 mio. USD capital Carbon Fiber production
Slide 11: Corporate Governance Index Ranking
ACRYLIC FIBER Aksa is at the 2st position as of 2022 BİST corporate governance index (2022,2021,2020,2019 2st) (2018, 2017, 2016 1st)
Slide 12: Acrylic Fiber Industry Position
ACRYLIC FIBER Aksa is one of the Textile & Textile biggest 42 Raw Materials industry Exporters companies from 1st the beginning of the index. Position (2020: 50 th)
Slide 13: Milestones
MILESTONES 1960 1980 2000s 1970s 1990s • Carbon Fiber production • Distributed Control System (DCS) was • Capacity increased to 352.000 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 fiber
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 / 145 Mw electricity licence in the world Develop fibers for technical end-use areas ~80 mio USD revenue %25 Global, ~%80 domestic market share Global market leader ~1 mio.USD rev
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, sports Carpet, upholstery, balnkets, rugs, velvet wear and child wear fabrics TEXTILE FIBERS AKRİLİK ELYAFIN Areas of use in KULLANIM Acrylic Fiber ALANLARI USE OF AREAS FOR OUTDOOR AREAS OF INDUSTRIAL USE C
Slide 18: Market Share
MARKET SHARE Technical Fibers (Outdoor Acrylic Fiber) Global Market Leader Global Market Share 25% Market Share in Turkey ~%80
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: 2023 Highlights
2023 HIGHLIGHTS
Slide 24: 2023 Highlights
2023 HIGHLIGHTS Dividend Payment In April dated General Assembly Meeting, dividend amount for shareholders is settled as 780 Mio TRY. Regarding the sale of Aksa Egypt Acrylic Fiber Industry SAE ("Aksa Egypt") shares to Wassilatex Spinning Company ("Wassilatex"), with the decision of Non-current Fina
Slide 25: 2023 Highlights
2023 HIGHLIGHTS Joint Venture - The investment to increase the current capacity of our company's joint venture DowAksa İleri Kompozit Malzemeler Sanayi Limited Şirketi from 6 thousand Commissioning the tons/year to 9 thousand tons/year have been completed and the new line has investment been commiss
Slide 26: Financial Information
FINANCIAL INFORMATION
Slide 27: Balance Sheet
BALANCE SHEET BALANCE SHEET (K TL) 2018 2019 2020 2021 2022 2023 Q1 Current Asset 2,448,122 2,179,759 2,653,990 6,028,316 6,171,072 7,517,227 Non-current Asset 1,740,505 2,008,162 2,272,022 3,414,734 5,246,062 5,409,935 Total 4,188,627 4,187,921 4,926,012 9,443,050 11,417,134 12,927,162 Current Liab
Slide 28: Income Statement (USD)
>INCOME STATEMENT (USD) 1,200 1,000 800 600 400 200 | 0 2018 | 2019 2020 | 2021 2022 2023 Q1 mmm Revenue 732 | 643 587 | 941 1055 226 mm EBITDA 114 | 101 131 | 192 238 41 Net Income 46 49 63 132 207 30 Mi Export 350 276 232 304 413 93 —EBITDA Margin % 16% 16% 22% 20% 23% 18% Net Income Margin % 6% 8
Slide 29: Expectation for 2023
Şirkete Özel / Internal EXPECTATION FOR 2023 Capacity Utilization Rate 90% (+/- 5 bps) Investment Expenditures $75 million (+/- $10 million.) Revenue (Depend on the prices of raw materials) $900 million EBITDA Margin 18-23% (*) Information reflect expectation of management based on available data. R
Slide 30: 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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