Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA
Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (October 2016)
38 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, October 2016
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 POLYMERIZATION STATION
Slide 5: Aksa in Brief
AKSA IN BRIEF Company Name Aksa Akrilik Kimya Sanayii A.Ş. Establishment 1968 Paid Capital 185.000.000 TL Stock Borsa İstanbul (BIST) (1986>) Stock Code AKSA Company H.Q. Miralay Şefik Bey Sok. No: 15 Akhan Gümüşsuyu, Beyoğlu - İstanbul / Türkiye Plant Denizçalı Köyü Yalova İzmit Yolu No:34 Yalova /
Slide 6: Shareholders
SHAREHOLDERS Aksa is a public company traded on the ISE since 1986. Emniyet Ticaret ve Sanayi A.Ş. %18,72 Akkök Holding %39,59 Other %41,69
Slide 7: Stock Information
STOCK INFORMATION Aksa Stock Performance 12.00 AKSA 10.00 Relative with BIST 100 8.00 6.00 4.00 2.00 0.00 31/12/2014 30/01/2015 02/03/2015 31/03/2015 30/04/2015 02/06/2015 01/07/2015 31/07/2015 31/08/2015 01/10/2015 02/11/2015 01/12/2015 30/12/2015 29/01/2016 29/02/2016 29/03/2016 27/04/2016 27/05/2
Slide 8: Akkok Holding
AKKOK HOLDING Chemicals Energy Textile • Aksa • Akenerji • Aksa Egypt • DowAksa • SEDAŞ • Ak-Kim • Sepaş • Gizem Frit Real Estate Services • Akiş • Akmerkez Lokantacılık ̶ Akbatı • Ak-Pa ̶ Akasya • Aktek • Akmerkez • Dinkal
Slide 9: Akkök Holding
AKKÖK HOLDING Net Sales (Billion USD) 4.999 17 5 3.1 3.1 3.1 3.1 Employee Company Listed 2.9 Company 2.7 2010 2011 2012 2013 2014 2015
Slide 10: Participations – Subsidiaries – Joint Ventures
PARTICIPATIONS – SUBSIDIARIES – JOINT VENTURES Joint Subsidiaries Ventures Aksa Egypt DowAksa Holdings %100 share Textile %50 share • Fitco BV 350 mio. USD capital %100 share - Investment Carbon Fiber production Company
Slide 11: Biggest 40
ACRYLIC FIBER Aksa is one of the biggest 40 industry companies from the beginning of the index.
Slide 12: Aksa is at the 1st position as of October in 2016
ACRYLIC FIBER Aksa is at the 1st position as of October in 2016 BIST corporate governance index
Slide 13: Milestones
MILESTONES 1960 1980 2000 1970s 1990s 2010s • Outdoor applications of the fiber • Distributed Control System (DCS) was • R&D Lab and Pilot plant is refurbished • Company Foundation established for the first time in Turkey • Carbon Fiber production • 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 / 142.5 Mw electricity licence in the world Develop fibers for technical end-use areas Around 50 mio USD %17 Global, %70 local revenue market share Global market leader Around 550
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, Carpet, upholstery, balnkets, rugs, sports wear and child wear velvet fabrics TEXTILE FIBERS AKRİLİK ELYAFIN Areas of use in Acrylic KULLANIMFiber ALANLARI USE OF AREAS FOR OUTDOOR AREAS OF INDUSTRIAL USE Ca
Slide 18: Acrylic Fiber Producers
ACRYLIC FIBER PRODUCERS Installed Company Country Capacity (tons / year) Aksa Turkey 315 Dralon Germany 188 SPC Shanghai Petrochemicals (Jinyang) China 160 JILIN QIFENG China 140 Thai Acrylic Fibre Co. Ltd. Tailand 124 JIMONT China 130 KALTEX Mexico 70 Anqing Petrochemicals China 70 FORMOSA Plastics
Slide 19: Market Share
MARKET SHARE Technical Fibers (Outdoor Acrylic Fiber) Global Market Leader Global Market Share 17% Market Share in Turkey 70%
Slide 20: Global Fiber Consumption
GLOBAL FIBER CONSUMPTION 2000 2005 2010 2011 2012 2013 2014 2015 2020 2030 Synthetic Fibers 32,1 38,2 48,7 52,7 53,8 59,3 61,5 62,5 65,5 75,3 Polyester 19,1 24,7 36 40 41,4 46 49 50 52,4 61,2 PP Fibers 6 6,5 6 6,2 6,5 6,5 5 5 5,5 6 Polyamide 4,1 3,9 4 3,7 3,9 3,9 4,6 4,6 4,7 5 Acrylics 2,7 2,6 2,0 2
Slide 21: Acrylic Fiber Consumption
ACRYLIC FIBER CONSUMPTION 2,000 2016 Acrylic Fibers Consumption Based on Country ('000 Tones) 1,800 1,600 1,400 844 1,200 1,000 260 800 118 600 108 62 53 400 42 39 23 16 200 292 0 Total China Turkey India Iran Indonesia USA Pakistan Mexico Italy Egypt Other Consumption Global demand is mostly concen
Slide 22: Acrylic Fiber Production
ACRYLIC FIBER PRODUCTION 2,000 2016 Acrylic Fiber Production Based on Country ('000 Tones) 1,800 1,600 699 1,400 1,200 1,000 311 800 164 600 162 400 118 107 57 200 48 46 44 40 0 33 26 3 Total China Turkey Germany Japan Tailand India Tailand Portugal Korea Belarus Mexico Peru Iran Other Production Pr
Slide 23: Aksa Acrylic Domestic Fiber Sales
AKSA ACRYLIC DOMESTIC FIBER SALES Percentage of Domestic Usage of Fibers 5% 11% 48% Knitwear Carpet 36% Hand Knitting Other 11 Products of Aksa mainly used in knitwear and carpets.
Slide 24: Acrylic Fiber Cost Components
ACRYLIC FIBER COST COMPONENTS Chemicals Acrylonitrile Electricity Labor (ACN) Steam Other
Slide 25: What Is Technical Fiber?
WHAT IS TECHNICAL FIBER? • Industrial and outdoor applications • High Endurance • High resistance to rotten and mold
Slide 26: 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 27: 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 28: DowAksa in 2015 - 2016
DOWAKSA IN 2015 - 2016 • 50% share of the German prepreg producer “c-m-p GmbH” was acquired for an amount of EUR 15 million, consisting of the first phase worth EUR 10 million, and an additional EUR 5 million on condition that the determined company performance criteria is achieved within the follow
Slide 29: Web Site – aksa.com
>» WEB SITE —- AKSA.COM » 2 a y Xq KURUMSAL SOSYALSORUMLULUK = YATIRIMCIILISKILER| URUNLER KARIYER iLETISIM Q_— English AKSA AKKOK
Slide 30: 2016 Highlights
2016 HIGHLIGHTS
Slide 31: 2015 Highlights
2015 HIGHLIGHTS Obtained twentyfive (25) Million Euros loan from European Bank Investment Loan from for Reconstruction and Development (EBRD) for financing of EBRD modernization and investment projects. It is a 5 year time loan with a year of grace period and with „Three (3) Month Libor + 1,95‟ inte
Slide 32: 2015 Highlights
2015 HIGHLIGHTS In 4 April dated General Assembly Meeting, dividend amount for Dividend Payment shareholders is settled as 157 Mio TRY. Payment is done immediately on 6 April. Due to decreasing oil prices, our main raw material ACN‟s price also decreased. In 2015 average price was around USD 1.300;
Slide 33: Financial Information
FINANCIAL INFORMATION
Slide 34: Balance Sheet
BALANCE SHEET BALANCE SHEET (Bin TL) 2011 2012 2013 2014 2015 3Q16 Current Asset 768.174 692.258 857.189 977.000 1.075.543 1.156.408 Non -current Asset 884.391 864.698 954.416 1.021.065 1.178.532 1.174.391 0 0 0 0 0 0 Total 1.652.565 1.556.956 1.811.605 1.998.065 2.254.075 2.330.799 0 0 0 0 0 0 Curr
Slide 35: Income Statement
INCOME STATEMENT Mio TRY 2011 2012 2013 2014 2015 3Q16 Revenue 1.675 1.625 1.756 2.105 2.030 1.420 EBITDA 193 196 252 285 350 292 Net Income 97 166 141 163 199 136 EBITDA Margin % 12% 12% 14% 14% 17% 21% Net Income Margin % 6% 10% 8% 8% 10% 10% 2,500 25% 2,000 20% EBITDA 1,500 15% Revenue Net Income
Slide 36: Investment – Profit – Dividend (2002 – 2015)
INVESTMENT – PROFIT – DIVIDEND (2002 – 2015) 159 160 140 120 98 96 93 100 88 87 83 75 76 80 67 61 57 57 55 57 55 60 55 52 50 49 45 39 37 40 30 27 28 26 24 25 20 18 20 13 11 10 14 9 10 10 10 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 CAPEX NET PROFIT DIVIDEND
Slide 37: Budget Figures
BUDGET FIGURES Attention These figures reflect current expectations and assumptions. Future expectations are based on the circumstances and assumptions in the related period, may not be realized upon risk and uncertainties. We are not obliged to update or revise budget figures due to potential incid
Slide 38: 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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