Kimteks Poliuretan Sanayi Ve Ticaret As · BIST:KMPUR

Kimteks Poliuretan Sanayi Ve Ticaret As — FY2022 Earnings Presentation

44 slides from Kimteks Poliuretan Sanayi Ve Ticaret As's earnings presentation, March 2023

  1. Slide 1: Kimteks Poliüretan Sanayi ve Ticaret A.Ş. 2022 Business Results

    KİMTEKS POLİÜRETAN SANAYİ VE TİCARET A.Ş. and its SUBSIDIARIES 2022 Business Results Investor Presentation March 2023

  2. Slide 2: Cavidan Karaca, CEO & Vice Chairman

    Cavidan Karaca CEO & Vice Chairman of the Board of Directors 2015 Kimpur - CEO and Vice Chairman of the Board of Directors 2014 Kimteks Kimya Tekstil Ürünleri A.Ş. - Consultant 2002 Innovis Ticaret ve Danışmanlık A.Ş. - General Manager 2001 Omsan Lojistik A.Ş. - Purchasing Director 1997 Arçelik A.Ş.

  3. Slide 3: 1 | Overview

    1 | Overview

  4. Slide 4: Why Kimpur?

    WHY KİMPUR? OUR VISION To be one of the world's top 10 players in polyurethane systems with innovative products and extraordinary solutions ➢ Turkey's first domestic capital polyurethane systems manufacturer that blends "Advanced Technology" systems based on "Smart Business Model" with agile & lean

  5. Slide 5: Kimpur in All Areas of Life

    KIMPUR IN ALL AREAS OF LIFE SOLAR PANEL SYSTEM ROOF INSULATION (Spray Systems) ROCK WOOL / EPS ADHESIVE FRAME (Wood Imitation) SANDWICH PANEL (PUR/PIR) BED HEAD (Wood Imitation) OFFICE CHAIR VISCO PILLOW VISCO BED COOLING SYSTEMS CAR SEAT (HR Foam Systems) CEILING TILE (Semi-Rigid) GARAGE DOOR WATER

  6. Slide 6: Our Global Activities

    OUR GLOBAL ACTIVITIES Company Country Capital Share (%) Field of Activity Kimpur Russia Russia %100 Sales, warehousing & distribution service Kimpur Wholesale of plastics and rubber in primary Kimplast Turkey %83 Kimpur Russia form Europe Kimpur 25 kton capacity polyurethane production, Latvia %75 E

  7. Slide 7: Numbers at a Glance

    NUMBERS AT A GLANCE: 39 155 kton 65 kton 10 52 254 %32 600+ ANNUAL PRODUCTION DÜZCE VISION COUNTRY EMPLOYEE EXPORTS PRODUCT EXPERIEN CAPACITY INVESTMENT TO BE ONE OF EXPORT (27 R&D) / TOTAL DIVERSITY CE • 130 kton Gebze • 50 kton PU THE TOP 10 TONNAGE • 25 kton Latvia • 10 kton EVA GLOBAL PLAYERS •

  8. Slide 8: KMPUR's Successful Progress After IPO

    KMPUR's Successful Progress After IPO April 2022 August 2022 November 2022 December 2022 ➢ Yıldız Pazar: ➢ Corporate Governance ➢ BIST 100: ➢ Dividend Index: • 3rd largest IPO of 2022 (CG) • Kimpur became one of the 100 • Kimpur was included in the with 957mTL largest stocks index Index: according t

  9. Slide 9: Supply Chain & Logistics Management

    SUPPLY CHAIN & LOGISTICS MANAGEMENT ▪ Turkey's largest acquisition volume in the sector Kimpur Logistics Warehousing Network ▪ ~90% import rate in production inputs ▪ European and Far Eastern producers in raw material supply ▪ Proactive raw material forecasting & cost studies in line with SAP & MRP

  10. Slide 10: Our Strategic Priorities

    2 \ Our Strategic Priorities

  11. Slide 11: Prominent Investment Elements

    PROMINENT INVESTMENT ELEMENTS Reliable Solution Partnership R&D Center & Innovative Practices Leading the Industry Strong Domestic & Export Growth Strategy with Wide Product Range Environmental and Social Sustainability Sustainable Expansion Policies Strong Financial Performance

  12. Slide 12: i. Reliable Solution Partnership

    i. Reliable Solution Partnership

  13. Slide 13: Reliable Solution Partnership

    RELIABLE SOLUTION PARTNERSHIP Product Management Human Supply Chain Resources Management ❖ Brand Awareness ❖ Global and Agile Organizational ❖ Competitive Product Lead ❖ Customer Loyalty Structure Time ❖ Sectoral Diversity ❖ Expert and Experienced R&D Team ❖ Strong Supplier Relations ❖ Wide Product

  14. Slide 14: ii. R&D Center & Innovative Applications Leading the Industry

    ii. R&D Center & Innovative Applications Leading the Industry

  15. Slide 15: Pioneer in the Sector with its R&D Center

    PIONEER IN THE SECTOR WITH ITS R&D CENTER 31.1 R&D Expenditures (mTL) Kimpur Turkey's Polyurethane R&D Power 9.9 8.1 5.2 6.0 Among the 250 companies with the highest R&D 1.8 expenditures 2017 2018 2019 2020 2021 2022 Patents related to Science, Industry and Development of Raw Materials polyurethane

  16. Slide 16: iii. Wide Product Range, Strong Domestic & Export Growth Strategy

    iii. With Wide Product Range Strong Domestic & Export Growth Strategy

  17. Slide 17: Global Polyurethane Market

    GLOBAL POLYURETHANE MARKET Global Polyurethane Market Volume Factors/Trends Affecting Global Market Volume ✓ Polyurethane has become an important part of many sectors in the world thanks to its versatile use ✓ Increasing demand for lightweight, durable and high- performance products in many areas fr

  18. Slide 18: Polyurethane Market in Turkey

    POLYURETHANE MARKET IN TURKEY DOMESTIC PU CAPACITY 2016 2017 2018 2019 2020 2021 2022 Rigid 206,230 213,190 215,490 215,420 207,110 216,210 223,980 Flexible 151,480 157,300 149,130 143,800 138,100 144,890 149,980 Elastomers 89.280 95.982 101,105 110,822 119,665 126,284 130,519 Coatings 58.477 60.785

  19. Slide 19: Strong Positioning in Different Sectors with Diversified Revenues

    STRONG POSITIONING IN DIFFERENT SECTORS WITH DIVERSIFIED REVENUES Sales (Thousand 2020 2021 2022 22/21 % Tons) Domestic 49.4 64.7 71.5 10, Shoe 18.3 20.0 24.2 Rigid 23.3 33.6 34.0 Flexible 3.0 3.1 3.5 Case 1.2 0.90 Polyester 0.9 1.5 Raw Material 2.0 5.0 Other 0.7 Export 23.4 Shoe 11.8 Rigid 8, Flexi

  20. Slide 20: Kimpur Product Groups

    KIMPUR PRODUCT GROUPS Sales Breakdown of Product Groups by Year, Quantity (%) 2,7% 1,1% 1,1% 0,2% 1,2% 1,7% 1,8% 1,5% 2,2% 1,1% 3,0% 1,5% 7,8% 5,5% 5,4% 12,7% 3,3% 6,8% 7,8% 2,7% 41,3% 36,8% 37,4% 46,1% 43,3% 46,4% 44,7% 32,9% 2019 2020 2021 2022 Rigid Shoe Raw Material Flexible Polyester Case Other

  21. Slide 21: Rigid Foam Systems (Rigid)

    RIGID FOAM SYSTEMS (RIGID) ▪ Two-component rigid foam systems for insulation purposes for Rigid Foam Systems Sales Amount (Ton) insulation panel and White Goods sectors • The first component is a physical mixture of polyether polyols, 46.784 45.784 catalyst, surfactant, water and/or blowing agents c

  22. Slide 22: Shoe & Slipper Systems

    SHOE & SLIPPER SYSTEMS ▪ Expanded microcellular foams in both ester and ether form Sales Quantity of Shoe Systems (Ton) for all types of footwear soles, from occupational safety to sports and everyday products ▪ KIMfoot® are 3-component Polyester systems: 39.250 39.122 • First component Polyester Po

  23. Slide 23: Flexible Foam Systems

    FLEXIBLE FOAM SYSTEMS Flexible Foam Systems Sales Amount (Ton) ▪ MDI based KIMflex® Flexible Foam Systems produced by Kimpur; • HR foam systems, • Viscoelastic systems, 8.680 • Integral systems • They are classified as filter systems. 7.871 ▪ Systems for flexible foam and integral production of seat

  24. Slide 24: Special Products

    SPECIAL PRODUCTS Special Products Sales Amount (Tons) ▪ Polyurethane Systems for elastomeric applications in expanded foams and non-foam structures. 1.563 ▪ Reaction Injection Moulding (RIM), Micro-cellular Structural Foam RIM, 1.593 SRIM (Structural RIM Composites) and low density RRIM (Reinforced

  25. Slide 25: Polyester Polyols

    POLYESTER POLYOLS Sales Amount of Polyester Polyols (Tonnes) 3.179 2.920 ▪ It manufactures KIMpol® Polyester Polyols consisting of multifunctional combinations of carboxylic acids and 1.932 polyhydric alcohols with various functionalities to offer the best solutions to industries such as the footwea

  26. Slide 26: Raw Materials

    RAW MATERIALS ® Raw Material Sales Amount (Ton) 9.189 8.159 ▪ The raw materials supplied by Kimpur are collected under Kimraw® product group and used in many different fields such as plasticisers, adhesives, construction chemicals and paints, especially polyurethane systems. 6.009 6.000 2.399 1.655

  27. Slide 27: Strong Export Growth Strategy (52 Countries)

    STRONG EXPORT GROWTH STRATEGY (52 COUNTRIES)

  28. Slide 28: Strong Export Growth Strategy

    STRONG EXPORT GROWTH STRATEGY ▪ Sales to more than 50 countries / more than 1,000 current Development in the Number of Export Countries customers 52 47 with a sales team based in Turkey & abroad 44 41 ▪ In 2022, exports reached TL 1,594 million, up 189% 34 compared to 2021 25 ▪ Increasing momentum o

  29. Slide 29: iv. Environmental & Social Sustainability

    iv. Environmental & Social Sustainability

  30. Slide 30: Sustainability Will Come with Kimpur

    Investment Elements SUSTAINABILITY WILL COME WITH KIMPUR Environmental and Social Sustainability For a Sustainable Future We Create Values! OUR JOURNEY OUR JOURNEY OUR JOURNEY OF ADDING OF ADDING VALUE At Kimpur, we believe that sustainable growth is not OF ADDING VALUE VALUE TO OUR LIFE TO OUR JOB

  31. Slide 31: Sustainability Will Come with Kimpur

    8. Sustainability Committee •assessing possible risks and measures related to occupational health and safety, determining measures and reporting to the Executive Board •To identify priorities, assess nsk and opportunities related to economic, environmental and social sustainability 8. Sustainability

  32. Slide 32: Our Commitments & International Standards

    Investment SUSTAINABILITY WILL COME WITH KIMPUR Elements Our Commitments International Standards As Kimpur, we aim to carry out activities that benefit the environment and society in all areas we operate. For this purpose, we carry out our work in compliance with certain quality standards. As a sign

  33. Slide 33: Completed Projects

    Investment COMPLETED PROJECTS Elements ✓ 11.6% in 2020 - 7.1% in 2021 Energy Savings ✓ Target of approximately 20% clean energy and 200-250 tons/year carbon emission reduction with the SPP investment in Gebze ✓ Business Plastics Initiative (IPG) Commitments ✓ Carbon and Water Footprint Measurement ✓

  34. Slide 34: Sustainable Expansion / Düzce Investment

    SUSTAINABLE EXPANSION / DÜZCE INVESTMENT March 2022: Production factory Construction Start Date investment on 17.015m2 land in Gümüşova OSB End of April 2023: Construction Completion Date USD 15 million April 2023: investment size Kimpur Duzce Factory Investment Phase 1 Start of Production ▪ An addi

  35. Slide 35: v. Strong Financial Performance

    v. Strong Financial Performance (2022 - Critical Financial Indicators)

  36. Slide 36: Zafer Demirel, CFO

    Zafer Demirel CFO 2022 Kimpur – CFO 2018 Anadolu Isuzu – Head of Finance, Reporting & IR 2015 Sütaş - Financial Control & Business Development 2013 Anadolu Efes - Financial Reporting & Budgeting 2009 Borusan Holding - Financial Control & Reporting 2006 Deloitte - Audit Middle East Technical Universi

  37. Slide 37: 2022: Increased Exports & Stable Growth

    2022: INCREASED EXPORTS & STABLE GROWTH Net Sales (Million TL) CAGR: %128 4.890,0 1.594,1 2.172,7 552.5 3.295,9 938.8 292.6 1.620,2 646.1 2020 2021 2022 * Domestic Export Total Sales * Registered exports and exports to free zones have been

  38. Slide 38: 2022: Strong Growth in Profitability

    2022: STRONG GROWTH IN PROFITABILITY Gross Profit (Million TL) EBITDA (Million TL) 17,5% 768.7 25,4% 759.2 15,7% 550.9 15,5% 379.4 2021 2022 2021 2022 Net Profit (Million TL) 14,6% 12,2% 598.0 316.4 2021 2022

  39. Slide 39: Strict Balance Sheet Management & Record Levels of Financial Indebtedness Ratios

    STRICT BALANCE SHEET MANAGEMENT & RECORD LEVELS OF FINANCIAL INDEBTEDNESS RATIOS Net Financial Debt (Million TL) Net Business Capital (Million TL) 1.19 0.88 0.89 0.81 0.77 791 795 878 48,1% 759 45,3% 45,5% 710 707 40,5% 665 581 31,4% 483551 1.542 1.627 1.538 1.308 984 2021 2022 Mar* 2022 Jun Sep 202

  40. Slide 40: 2022: Record Profitability & Strong Balance Sheet Ratios

    2022: RECORD PROFITABILITY & STRONG BALANCE SHEET RATIOS 4,890 mTL Net Sales, +125 3,296 mTL Domestic Sales, +103 1,594 mTL Exports*, +189 vs 2021 vs 2021 vs 2021 • Domestic: +103 • Wide customer portfolio in 6 • Export to 52 • Exports*: +189 different sectors countries 759 mTL EBITDA, +38 598 mTL N

  41. Slide 41: 2022 4th Quarter Highlights

    2022 4. ▪ Continued strong Q4 net revenue growth ▪ Compared to Q3, stronger gross profit & operating Quarter profitability Highlights ▪ Record strong balance sheet ratios 1.525 billion TL Net Strong Net Revenue growth of +134% vs 4Q21: 651 mTL Revenue %16 2022 Realization of TRY240m in gross profit

  42. Slide 42: Financial Priorities

    FINANCIAL FINANCIALPRIORITIES PRIORITIES ✓ Sustainable profitability growth ✓ Strict balance sheet & business capital management ✓ Positive Free Cash Flow Priority ✓ Proactive currency risk management ✓ Effective financial debt management ✓ Maximum dividend yield

  43. Slide 43: Financial Priorities: 2023 Prospects & Opportunities

    FINANCIAL PRIORITIES 2023 Prospects & Opportunities ✓ Impact of the European energy crisis ✓ Differences in Europe - Far East raw material prices ✓ Increase in demand due to container production after the earthquake ✓ Russian market - opportunities ✓ Newly commissioned R&D projects ✓ New products to

  44. Slide 44: Contact

    CEO: Cavidan Karaca cavidan.karaca@kimpur.com CFO: Zafer Demirel zafer.demirel@kimpur.com IR: Damla Mermeroglu damla.mermeroglu@kimpur.com investorrelations@kimpur.com info@kimpur.com / www.kimpur.com Central Office Factory Gaziantep Branch Emniyet Evleri Mah. Eski Büyükdere Cad. Sapphire Gebze Plas

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