Recticel Sa · EURONEXT:RECT

Recticel Sa — Investor Presentation (June 2016)

36 slides from Recticel Sa's investor presentation, June 2016

  1. Slide 1: Recticel General Group Presentation June 2016

    RECTICEL GENERAL GROUP PRESENTATION June 2016 General Presentation – 06/2016 1

  2. Slide 2: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 2

  3. Slide 3: Profile

    Profile European leader in Belgian multinational polyurethane application Diversified activities Globally active over 4 business lines 98 locations ca. 7,600 employees in 27 countries FY2015 combined net 94% of sales realised in sales: €1.3bn Europe Market capitalization of Listed on ca. €300m Recti

  4. Slide 4: Key highlights

    Key highlights 1 European leader in polyurethane applications 2 Strong underlying market fundamentals and characteristics of polyurethane 3 Market-driven innovation is at the heart of Recticel’s growth strategy 4 Clearly defined growth strategy based on a highly integrated business model 5 Sustainab

  5. Slide 5: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 5

  6. Slide 6: Recticel at a glance

    Recticel at a glance ► Recticel is an important innovator in the industry, being the European #1 & Worldwide #2 in polyurethane applications ► Its activities are concentrated in Europe (94% of sales) and growing in Asia and USA ► Recticel generates, on a combined basis, sales of €1.3bn and REBITDA o

  7. Slide 7: Leading player offering specific polyurethane solutions to global customers

    Leading player offering specific polyurethane solutions to global customers Global polyurethane markets¹ ► Global PU applications market of €50bn 17% ► Worldwide annual PU raw materials consumption of 28% ~13.5 million tons Furniture ► Highly attractive PU applications market: Construction 12%  Bro

  8. Slide 8: Production process serving all 4 business lines

    Production process serving all 4 business lines ► Type and characteristics of final products depend on the manufacturing process: 1 Laminated foaming resulting in rigid foam panels 2 Traditional foaming of raw materials resulting in flexible foam blocks or moulded parts 3 Sprayed raw materials fo

  9. Slide 9: Significant synergies within the Group

    Significant synergies within the Group 1 Strong technology synergies throughout the organization ► Centralized R&D as a platform for innovations in multiple segments ► Sharing of experience and know-how in both foam manufacturing and converting leading to cross-fertilization throughout the organizat

  10. Slide 10: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 10

  11. Slide 11: Strategy focused on being the leading provider of high value added solutions

    Strategy focused on being the leading provider of high value added solutions in its core markets… ► The building blocks of the Group’s strategy are illustrated as follows: Business Line Strategy Sustainable Innovation Simplification International Expansion Sustainability ► Overall group wide strateg

  12. Slide 12: Implemented through a thorough business line assessment

    …implemented through a thorough business line Innovation Business Line Strategy Simplification International Expansion assessment… Sustainability Improve profitability ► The strategic plan prioritizes resource allocation through efficiency + Selective growth based on the relative attractiveness of t

  13. Slide 13: Leading to differentiated business line strategies

    Business Line Strategy International Innovation Simplification Expansion …leading to differentiated business line strategies Sustainability ►Growth ► Strong growth through driven by: international expansion, innovation and the Growth through international expansion,  innovation Innovation and and t

  14. Slide 14: Recent innovations and product launches in Insulation

    Large number of recent innovations and product Innovation Business Line Strategy Simplification International Expansion launches in the Insulation business line Sustainability ► Product line Home® (all-in-one isolation ► Iso-finish® (external insulation concept) system for DIY) ► Lambda-21 Eurowall®

  15. Slide 15: Launch of GELTEX inside

    Launch of GELTEX® inside, the largest and most Innovation Business Line Strategy Simplification International Expansion important innovation of the last decade in Bedding Sustainability ► GELTEX® inside combines optimal pressure distribution, ideal support and maximum permeability/climate control pr

  16. Slide 16: New generation of foams in Flexible Foams

    New generation of foams launched within the Innovation Business Line Strategy Simplification International Expansion Flexible Foams business line Sustainability ► New acoustic foams leading to new contracts ► Development of new comfort foams: for SpaceX GELTEX® and angelpearl® for the bedding sector

  17. Slide 17: Launch of Colo-sense Lite in automotive

    Launch of Colo-sense® Lite, a new high Innovation Business Line Strategy Simplification International Expansion performance skin, in the automotive business line Sustainability ► Colo-sense® Lite high performance skin allows for a 25% weight reduction, responding to the OEM’s constant search for lig

  18. Slide 18: Overall simplification of the Group

    Overall simplification of the Group leading to Innovation Business Line Strategy Simplification International Expansion increased efficiency and reduced fixed costs Sustainability Realized streamlining 2010-2015 Future actions 2016-2018 ► # Locations: ► The Group is committed to continue its efforts

  19. Slide 19: International expansion strategy backed by strong market positions in Europe

    International expansion strategy backed by strong Innovation Business Line Strategy Simplification International Expansion market positions in Europe Sustainability ► Recticel is a true international group pursuing further growth through international expansion inside and outside Europe Recently rea

  20. Slide 20: Embracing sustainability to create value for all stakeholders

    Embracing sustainability to create value for all Innovation Business Line Strategy Simplification International Expansion stakeholders Sustainability Embracing sustainability creates a significant competitive edge, reduces cost, fosters innovation and thus creates value for all stakeholders ► Priori

  21. Slide 21: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 21

  22. Slide 22: #2 position in Europe backed by structural growth drivers (Insulation)

    #2 position in Europe backed by structural growth drivers and innovation capacity Market dynamics Key strengths ► Structurally growing market for thermal insulation in ► #2 player in Europe in PUR/PIR with an estimated Europe market share in the European PUR/PIR segment of  Driven by the EU regulat

  23. Slide 23: Insulation financial performance and product launches

    Financial performance driven by recent product launches and expansion projects Key financials Recent developments in million € 2015 2014 2013 ► Recent introduction of new innovative products: Sales 229.4 227.0 220.0  Iso-finish® external insulation concept REBITDA 32.3 27.1 27.7  “Do-it-Yourself”

  24. Slide 24: Strong growth of PU foam market supporting Bedding position

    Strong growth of PU foam market supporting further strengthening of Recticel’s leading position Market dynamics Key strengths ► Addressable market of €1.7bn ► #2 player in Europe with an average estimated  Total European market of ~€3bn market share of ~17% in its key markets  Total Global market

  25. Slide 25: Successful introduction of GELTEX inside as growth platform

    Successful introduction of GELTEX® inside as a platform for future growth Key financials Recent developments in million € 2015 2014 2013 ► Successful introduction of innovative GELTEX® Sales 294.5 281.6 283.0 inside products in Germany, Benelux, Austria and REBITDA 14.1 13.5 12.8 Switzerland as % of

  26. Slide 26: #1 position in Europe in Flexible Foams

    #1 position in Europe and recent innovations adding to the capacity to increase global reach Market dynamics Key strengths ► European market of ~5.9m tons ► #1 provider of comfort foams and technical foams in  Expected volume CAGR ‘11-’18 of +5% Europe ► Very versatile material used in a wide varie

  27. Slide 27: New generation of innovative foam products leading to contract wins

    New generation of innovative foam products leading to important contract wins Key financials Recent developments in million € 2015 2014 2013 ► Important streamlining of industrial footprint Sales 602.3 593.0 583.4 realized since 2010 REBITDA 38.0 27.7 30.3 ► Prudent geographical expansion in USA, Ch

  28. Slide 28: Unique technology and strong position in Automotive

    Unique technology and strong position serving a recovering industry Market dynamics Key strengths ► 2008-2010: Significant disruptions due to global Interiors economic crisis ► Unique patented Interiors technology (Colo-fast®  Industry is recovering and resuming growth Spray and Colo-Sense® Lite) f

  29. Slide 29: Recovering sales supported by strong order books

    Recovering sales supported by strong order books Key financials Recent developments in million € 2015 2014 2013 ► Significant new Estimated cumulative Country of Sales 280.3 264.0 258.4 Interiors order book OEM Car model lifetime sales production (in €m) REBITDA 15.4 14.9 18.8 Volkswagen Passat 92 C

  30. Slide 30: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 30

  31. Slide 31: Financials – segment data (combined figures)

    Financials – segment data (combined figures) General Presentation – 06/2016 31

  32. Slide 32: Financials – segment data (combined figures)

    Financials – segment data (combined figures) in million € 2015 2014 2013 in million € 2015 2014 2013 Sales 229.4 227.0 220.0 Sales 294.5 281.6 283.0 REBITDA 32.3 27.1 27.7 REBITDA 14.1 13.5 12.8 as % of sales 14.1% 11.9% 12.6% as % of sales 4.8% 4.8% 4.5% REBIT 26.4 21.1 22.0 REBIT 7.7 7.2 6.3 as %

  33. Slide 33: Key Financial Figures

    Key Financial Figures General Presentation – 06/2016 33

  34. Slide 34: Thank you for your attention! Q&A

    Thank you for your attention! Q&A General Presentation – 06/2016 34

  35. Slide 35: Agenda

    Agenda 1 Key highlights – Recticel in a nutshell 2 Introduction to the Recticel Group 3 Strategy 4 4 business lines 5 Financials 6 Annexes General Presentation – 06/2016 35

  36. Slide 36: Contacts

    Contacts Recticel International Headquarters Investor Relations Press 2, avenue des Olympiades/Olympiadenlaan, 2 Michel De Smedt Olivier Chapelle, CEO B-1140 Brussels Email: desmedt.michel@recticel.com Email: chapelle.olivier@recticel.com Tel: +32 (0)2 775 18 11 Tel: +32 (0)2 775 18 09 Tel: +32 (0)2

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