Ico Group Limited · HKEX:1460
Ico — Capstone Investments Third Annual Small-Cap Investor Conference (July 2009)
26 slides from Ico's conference presentation, Jul 22, 2009
Slide 1: ICO, Inc. – Capstone Investments Small-Cap Investor Conference
Icom eee ICO, Inc. Capstone Investments Third Annual Small-Cap Investor Conference July 29, 2009 Brad Leuschner ‘Polymer compounding, size reduction and specialty services
Slide 2: Forward Looking Statements / Non-GAAP Measures
Icom x Forward Looking Statements / Non-GAAP Measures Certain matters discussed in this presentation are “forward-looking statements,” involving certain risks, uncertainties, and assumptions, intended to qualify for the safe harbors from liablity established by the Private Securities Litigation Refo
Slide 3: About the Company
ICOM About the Company specialty services. ICO produces custom polymer powders for & rotational molding and other polymer ments, including textiles, metal coatings and masterbatch. 160 remains an industry leader in size reduction, compounding and other "©! tolling services for plastic and non plasti
Slide 4: ICO at a Glance
Icom x ICO at a Glance +800 Employees +20 Piants/Warenouses Organized into 5 regions: Bayshore Industral, ICO Polymers North America, ICO Europe, ICO Asia Pacific, 1CO Brazil 156% of revenues derived internationally Revenues for the six months ended March 31, 2009 By Region By Geography ‘Polymer com
Slide 5: ICO's "Fit" in the Value Chain
ICOM ICO’s “Fit” in the Value Chain ASSETS UTILIZED owacas Exploration ‘and Production ‘Polymer compounding, size reduction and specialty services
Slide 6: Products & Services
ICOsex ree Products & Services Custom Powders for Rotational molding 1 Proprietary ICORENE® and COTENE® product lines sold across the globe ‘= Business ult on value-adés, such as ~ Grades tallored to cient, criven by application Compounds, including Concentrates Produced by Bayshore Industrial 1 Pro
Slide 7: Custom Powders for Rotational Molding
ICOM Custom Powders for Rotational molding We donot manutacturethe atove ems. The above tems ar an example of appiatone that ae manufactured which contain our product, ‘Polymer compounding, size reduction and speciaty services
Slide 8: Compounds, including Concentrates
ICOM Compounds, including Concentrates Produced by Bayshore Industrial Polymer compounding, size reduction and specialty services
Slide 9: Products & Services: Size Reduction Services
ICOse® ee Products & Services Size Reduction Services ‘ Ambient Grinding - high-volume, typically moderate _= Wide range of tolling opportunities sean abies lobaly, including = Cryogenic Grinding - greater value-add and requiring = Reberotdis more technical expertise to serve the market for heat © i
Slide 10: Size Reduction Services
ICOM Size Reduction Services
Slide 11: Global Platform: ICO Europe
Icom x Global Platform ICO Europe Montereau, FR Gainsborough, UK_] Beaucaire, FR Polymer compounding, size reduction and specialty services
Slide 12: Global Platform: ICO Polymers North America
Icom x Global Platform ICO Polymers North America Allentown, PA == East Chicago, IN z= ‘Grand Junction, TN Polymer compounding, size reduction and specialty services Fontana, CA 7
Slide 13: Global Platform: Bayshore Industrial
Icom x Global Platform Bayshore Industrial ‘Compounding LaPorte, TX Polymer compounding, size reduction and specialty services
Slide 14: Global Platform: ICO Asia Pacific
Icom x Global Platform ICO Asia Pacific [ }cOMataysia ICO Australia Brisbane Polymer compounding, size reduction and specialty services
Slide 15: Global Platform: ICO Brazil
Icom x Global Platform ICO Brazil Polymer compounding, size reduction and speciaty savices
Slide 16: Operating Income Year Historical Average
ICOM ee Operating Income 3 Year Historical Average (In § Miions) 100 Europe S$ 82 $ 90 $ 60 $ a4 Bayshore Industral 102 184 148 135 100 Asia Pacific 18 59 24 34 1Co Polymers North America 58 60 50 56 100 Brazil 10 03 5) 03 Unallocated General Corporate Expenses ey 63) 65) 65) Total 37 Ss S73 Fe Pohm
Slide 17: Historical Financial Performance
ICOM eee Historical Financial Performance Revenues Operating income, as acjusted (Siemans) ‘simi sucr se par A 2 ss2 04 050878 06 088 Reterto Append A Reconlitin of Non-GAAP Financial Measure. ‘Polymer compounding, size reduction and speciaty services
Slide 18: Operating Margin Breakdown
ICOM Operating Margin Breakdown 2% 20% 7” 10% pros 18% 16% 16% 18% 14% som ted 10% 11% ‘@ Gross Margin ae mca 10% o% (1 Operating Marin os te 7% 6% 6% 4% 3% 2% “ Oa rym rm ramen ‘eumonts ended Mare 31, 2008, Refer to Append A - Recansiaion of Non. GAAP Francal Measures ‘Polymer compounding, size red
Slide 19: Three and Six Months Ended March 31, 2009 Financial Performance
ICOM Three and Six Months Ended March 31, 2009 Financial Performance ‘Second Quarter 2009 Financial Highlights: + Cash now of $13.4 milion from operating activites less capital expenditures 1 Fourtn consecutive quarter or generating postive cas flow 1 Net deat decreases $26.2 min ar 59% from Septemb
Slide 20: Three and Six Months Ended March 31, 2009 Financial Performance- Cont'd
ICOM Three and Six Months Ended March 31, 2009 Financial Performance- Cont'd Siamilions cash es es “otal Debt 352 49 573 Nat Debt 181 43 407 Working Capital, minus cash 337 eta 493 Equty m5 1078 1.0 Net Debtto-capitalization 16.1% 2.1% 4.9% ‘et nb Eqty Poon an at nb Capon Referto Append A Reconcilia
Slide 21: Debt and Liquidity Summary
rca Debt and Liquidity Summary (in milions) ‘Term Debt Maturities “March 31, 2009 Liquidi fe of Mach 31,2008 Cosh Si74 ° -Available borrowing capacity __ $47.3 a Total liquidity 364.4 ‘Pomer compounding, sze eduction and speciaty services ™
Slide 22: Strong Cash Flow
ICO: One Strong Cash Flow Net Dobe Foo sie eimonts ended Mare 31, 2008, Refer to Append A - Recansiation of No. GAAP Franc Measures Polymer compounding, size reduction and specialty services
Slide 23: Recent Events
ICOsex ree Recent Events = Derek Bristow, President of ICO Europe, named President of ICO Asia Pacific & Europe in May 2009 ‘+ Started with 1C0 in 1998 in our New Zealand plant + Promoted to general manager of our Italian facility in 2003, ‘+ Promoted to President of ICO Europe in 2004 = Agreement w
Slide 24: Value Creation Opportunities - FY 2009 and Beyond
ICOsex ree Value Creation Opportunities - FY 2009 and Beyond Capitalize on global platform = Cultivate global customer relationships + Further develop strategic raw material supply relationships Grow our business in emerging markets such as India, Brazil and Southeast Asia Expand Bayshore product li
Slide 25: Appendix A – Reconciliation of Non-GAAP Financial Measures
ICOM Appendix A — Reconci ion of Non-GAAP. ecncome L059) and come Ls er Shar Peconelaion ‘aaa Pome compouncing, sie eduction and speciaty services
Slide 26: Appendix A – Reconciliation of Non-GAAP Financial Measures
1co#& Oe Appendix A — Reconciliation of Non-GAAP Financial Measures ‘Polymer compounding, size reduction and specialty services
ICO — Capstone Investments Third Annual Small-Cap Investor Conference (July 2009) on 6ix