Cph Group Ag Class A · SIX:CPHN
Cph Group Ag Class A — CPH Chemie + Papier Holding — Investor Day (September 2022)
22 slides from Cph Group Ag Class A's investor day presentation, Sep 13, 2022
Slide 1: Investors' Day 2022
CPH Chemie + Papier Holding AG Investors’ Day 2022 13 September 2022 Investors’ Day in Perlen, 13 September 2022 1
Slide 2: Disclaimer
Disclaimer Investing in the shares of CPH Chemie + Papier Holding AG involves risks. Prospective investors are urged to consult their investment advisors and tax advisors prior to investing in CPH Chemie + Papier Holding AG shares. This document contains forward-looking statements which involve risk
Slide 3: The CPH Group: The first half of 2022 at a glance
The CPH Group The first half of 2022 at a glance 360 17 52 Net sales EBITDA margin EBIT in CHF million in % in CHF million 48 1 126 55 Net result Employees Equity ratio in CHF million in full-time equivalents in % CPH is an internationally active and diversified industrial group that was founded in
Slide 4: Key figures for the first half of 2022
The CPH Group Key figures for the first half of 2022 Net sales 600 in CHF million H1 22 H1 21 Change 500 Net sales 360 244 +47.7% 400 300 EBITDA 61.7 20.0 +209% 200 in % of net sales 17.1% 8.2% 100 EBIT 51.9 5.7 +804% in % of net sales 14.4% 2.4% 0 2018 2019 2020 2021 H1 22 Net result 47.5 5.9 +705%
Slide 5: Market position
The CPH Group Market position Chemistry Paper Packaging Strategy Differentiation Cost leadership Differentiation CHF 78.2 Mio. CHF 9.5 Mio. 287 Market 3 1 3 position Number 3 worldwide Number 1 in Switzerland Number 3 worldwide in molecular sieves in newsprint and magazine in coated barrier films fo
Slide 6: Segment results for the first half of 2022
The CPH Group Segment results for the first half of 2022 CPH Group Chemistry Paper Packaging 01.01-30.06 in CHF million 2022 2021 ±% 2022 2021 ±% 2022 2021 ±% 2022 2021 ±% Net sales 359.9 243.7 +47.7% 56.4 47.5 +18.9% 187.6 105.4 +78.0% 115.8 90.8 +27.5% EBITDA 61.7 20.0 +209% 9.9 9.9 +0.4% 36.8 -1.
Slide 7: Paper: Western European market and pricing trends
Paper Western European market and pricing trends Newsprint Magazine paper in million tonnes in million tonnes 10 10 8 8 6 6 4 Capacities 4 Demand 2 2 0 0 Source: PPPC Indexed (basis: 2010 = 100, in CHF) Indexed (basis: 2010 = 100, in CHF) 110 110 100 100 90 90 80 80 Preise 70 70 60 60 Investors’ Day
Slide 8: Paper: Recovered paper price trends in Germany
Paper Recovered paper price trends in Germany German recovered paper wholesale price, indexed (basis: 2010 = 100, in EUR) 200 Newspapers and magazines 180 Mixed recovered paper 160 140 120 100 80 60 40 20 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 H1 22 Source: Federal Statistical
Slide 9: Strategy implementation
The CPH Group Strategy implementation Net sales broadly Higher proportion Less exposure Objectives balanced among of total net sales to the Swiss franc the three divisions from outside Europe CHF 78.2 Mio. in currency terms CHF 9.5 Mio. 287 Actions Expand Chemistry Expand in markets Expand productio
Slide 10: Sites and offices worldwide
The CPH Group Sites and offices worldwide Müllheim Gröbenzell Zvornik Utzenstorf Perlen Rüti Lianyungang Whippany Suzhou Shanghai Louisville Singapore Anápolis Investors’ Day in Perlen, 13 September 2022 10
Slide 11: Business development
The CPH Group Business development The CPH Group Chemistry Paper Packaging 720 180 360 180 Net sales 600 150 300 150 in CHF million 480 120 240 120 360 90 180 90 240 60 120 60 120 30 60 30 0 0 0 0 EBITDA 120 24% 30 24% 60 24% 30 24% 100 20% 25 20% 50 20% 25 20% in CHF million 80 16% 20 16% 40 16% 20
Slide 12: Strategic success factors
The CPH Group Strategic success factors Leading market position in Own production sites in Europe, Asia relevant sales markets and North and South America Diversification into different Sustainable corporate leadership markets and business models through a stable management team Focus on markets wit
Slide 13: Implementation of the sustainability strategy
The CPH Group Implementation of the sustainability strategy E Environment Only 8% of the energy used at the end of 2021 derived from fossil fuels Own production of renewable energy now at 205 GWh per year, with further expansion potential Raw materials used consist largely of biomass (waste pa
Slide 14: Successful climate protection measures
The CPH Group Successful climate protection measures CO2 in tonnes GWh CO2 emissions 90 000 720 Steam from renewable sources 80 000 640 70 000 560 60 000 480 50 000 400 40 000 320 30 000 240 Use of fossil energy sources 20 000 160 10 000 80 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Use o
Slide 15: Consolidated income statement (I)
The CPH Group Consolidated income statement (I) 01.01-30.06, in CHF million 2022 % 2021 % ± ±% Net sales ❶ 359.9 100% 243.7 100% +116.2 +47.7% Change in inventory and other operating income ❷ 9.3 3% 11.7 5% Cost of materials and energy -228.9 -64% -168.4 -69% Gross profit ❸ 140.2 39% 87.0 36% +53.2
Slide 16: Consolidated income statement (II)
The CPH Group Consolidated income statement (II) 01.01-30.06, in CHF million 2022 2021 ± ±% EBIT 51.9 5.7 +46.1 +804% in % of net sales 14.4% 2.4% Financial result ❶ -1.4 -1.5 Ordinary earnings before taxes 50.4 4.2 +46.2 +1094% Non-operating result ❷ -1.6 3.1 Earnings before taxes 48.8 7.3 +41.5 +5
Slide 17: Consolidated balance sheet
The CPH Group Consolidated balance sheet in CHF million 30.06.2022 in % 31.12.2021 in % ± ±% Cash and cash equivalents ❶ 121 19% 95 17% Trade receivables ❷ 108 17% 69 12% Inventories ❷ 94 15% 88 16% Other current assets 46 7% 38 7% Fixed assets 275 43% 271 48% Total assets 643 100% 560 100% +83 +14.
Slide 18: Cash flow statement
The CPH Group Cash flow statement 01.01-30.06, in CHF million 2022 2021 ± ±% Net result 47.5 5.9 +41.6 +705% Non-cash items 12.6 9.6 Cash flow ❶ 60.0 15.4 +44.6 +289% Change in net working capital -10.8 0.0 Cash flow from operating activities 49.3 15.5 +33.8 +218% Cash flow used for investing activi
Slide 19: Sound value with further growth potential
The CPH Group Sound value with further growth potential Net sales substantially increased by 51% excluding currency factors Group EBITDA margin of 17.1%, boosted by higher sales prices Chemistry EBITDA margin of a strong 17.6% thanks to high demand and full utilization of facilities Paper EBITDA mar
Slide 20: Value drivers
The CPH Group Value drivers Megatrends Brands Applications Products Packaging films Healthcare Pharma Agents Molecular sieves Gels Petrochemicals Molecular sieves Energy Industry Ethanol Energy production Industry Circular Printers Newsprint economy Publishing Publishing houses Magazine papers Inves
Slide 21: Outlook for 2022: Substantially higher earnings expected
Outlook for 2022 Substantially higher earnings expected The CPH Group Chemistry Paper Packaging Higher net sales Double-digit net sales European demand for New Brazilian coating expected in all three growth expected graphic papers will plant will come into divisions continue to decline opera
Slide 22: Thank you for your attention
Q&A Thank you for your attention Investors’ Day in Perlen, 13 September 2022 22
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