Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Investor Presentation (May 2018)
26 slides from Exel Composites Oyj's investor presentation, May 23, 2018
Slide 1: Investor Presentation
INVESTOR PRESENTATION Helsingin ja Espoon osakesäästäjät Riku Kytömäki, President & CEO 23 May 2018 Exel Composites
Slide 2: Exel Composites in brief
Exel Composites in brief A globally leading composite technology company that designs, manufactures and markets fiber reinforced plastics products and solutions for demanding applications in various segments and markets Industrial Applications: Telecommunication, Paper Customers in over Industry, El
Slide 3: Composite products' unique features and benefits
Composite products’ unique features and benefits Low weight High strength-to-weight ratio High fatigue tolerance Good corrosion and Composites chemical resistance can be utilized Tailored material properties in various • Fire retardation demanding • Thermal insulation applications • Radio transparen
Slide 4: Our offering: Exel Composites' product portfolio
Our offering Exel Composites’ product portfolio includes custom shapes, standard products and ready systems PROFILES TUBES LAMINATES PRODUCTS AND SYSTEMS Exel Composites 4
Slide 5: New solutions and new technology: Trench shoring concept
New solutions and new technology: Trench shoring concept • Exel Composites partners with Eze Shoring to provide new lightweight, easy to use trench shoring concept for the construction industry. • The Eze Shoring concept: four individual glass fiber reinforced high performance pultruded composite pr
Slide 6: New applications: Composites in architectural design
New applications: Composites in architectural design • Exel Composites is supplying the distinctive 37 meter long white profiles which will wrap around the new Soag Building for Study of Social Work on the University College Ghent's Schoonmeersen Campus. • Exel’s glass fiber composite profiles were
Slide 7: Demanding applications: Composites in ambitious fusion project
Demanding applications: Composites in ambitious fusion project • Exel Composites collaborates with the French contractor CNIM on the manufacture of glass fiber components for the magnet support structure of the world’s largest experimental fusion facility, ITER*. • Fusion research is aimed at develo
Slide 8: Sustainable solutions: Natural fibers in composites
Sustainable solutions: Natural fibers in composites • The world’s first bio-based viaduct has been taken into use in Bergen Op Zoom, the Netherlands. • Exel Composites worked together with Dura Vermeer, LOLA landscape architects and Millvision to provide extruded, bio- based resin coated flax fiber
Slide 9: Innovations for the city of the future: LuxTurrim5G
Innovations for the city of the future: LuxTurrim5G • Exel Composites is part of an ambitious three-year initiative aimed at developing enablers for the future smart city. • Big data capacity will be made available users will be made through a network of smart composite light poles. “We have develop
Slide 10: Q1 2018 in brief
Q1 2018 in brief • Business environment – Stable demand and favorable market fundamentals in Europe, Nanjing Jianhui contributed in APAC – Construction & Infrastructure main contributor to revenue growth • Operations – Stable profits in Europe, Nanjing Jianhui contributed significantly in APAC – Ram
Slide 11: Q1 2018 highlights
Q1 2018 highlights Revenue, EUR million Order intake, EUR million 22.4 21.4 19.0 18.3 20.4 19.3 16.4 18.2 23.2 23.4 19.7 20.2 17.9 20.3 21.5 18.0 22.5 22.0 Q1-Q4 Q1-Q4 Q1 2018 Q1-Q4 Q1-Q4 Q1 2018 2016 2017 2016 2017 Adjusted operating profit, Net cash flow, EUR million EUR million 1.3 1.6 2.7 1.2 0.
Slide 12: Key figures Q1 2018
Key figures Q1 2018 1.1.-31.3. 1.1.-31.3. Change, 1.1.-31.12. EUR thousand 2018 2017 % 2017 Order intake 21,972 22,480 -2.3 86,531 1 Order backlog 17,503 18,806 -6.9 17,126 Revenue 21,519 20,296 6.0 86,255 Operating profit 1,630 1,655 -1.5 6,081 % of revenue 7.6 8.2 7.1 2 Adjusted operating profit 1
Slide 13: Continued revenue growth in Q1 2018
Continued revenue growth in Q1 2018 25 25 20 20 15 15 10 10 5 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2017 2018 Revenue, EUR million Order backlog, EUR million, end of period Exel Composites 13
Slide 14: Construction & Infrastructure main contributor to revenue growth
Construction & Infrastructure main contributor to revenue growth Revenue by customer segment, Industrial Applications EUR million 25 20 4.4 4.7 Telecommuni- Paper Electrical Machine Transportation 15 5.6 Industry 4.1 cation Industry Industry Industry 10 Construction & Other 5 11.9 11.3 Infrastructur
Slide 15: Stable profits in Europe and a good contribution from Nanjing Jianhui
Stable profits in Europe and a good contribution from Nanjing Jianhui 4 20% 3 2 10% 1 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2016 2017 2018 Adjusted operating profit, EUR million Adjusted operating profit margin, % Operating profit target, % Exel Composites 15
Slide 16: Exel Composites strategy for 2017-2020
Exel Composites strategy for 2017-2020 Next level growth Protect and grow strong- Build Penetrate Create true Growth in holds leadership in growing / new global new China applications footprint technologies Grow in existing Grow sales to Penetrate mid- Expand Further business local customers se
Slide 17: Entering North America is an essential part of our growth initiatives
Entering North America is an essential part of our growth initiatives Next level growth Protect and grow strong- Build Penetrate Create true Growth in holds leadership in growing / new global new China applications footprint technologies Grow in existing Grow sales to Penetrate mid- Expand Furt
Slide 18: Exel Composites acquires Diversified Structural Composites
Exel Composites acquires Diversified Structural Composites • A composites production company based in Erlanger, Kentucky, USA. • One manufacturing facility using mainly pultrusion technology. • DSC’s product portfolio consists of carbon fiber and glass fiber reinforced composites that are produced p
Slide 19: Acquisition rationale
Acquisition rationale • A significant step in creating true global footprint for Exel Composites – The American market is the second largest composites market globally in terms of value and growth, right after the Asian market – As consequence, Exel Composites will be the only pultrusion company wit
Slide 20: Product example: Wind energy
Product example: Wind energy Wind Blade Spar Reinforcements • Reasons to choose composites – Carbon fiber profiles come with high strength, high fatigue strength and lower weight compared to traditional materials – Improved overall performance and cost efficiency. Exel Composites 20
Slide 21: Product Example: Aerospace
Product Example: Aerospace Laminates used to build structural beams for experimental aircraft • Challenge: – High performance requirements requiring high translational results with fiber. – Specifications for high levels of tolerance in dimensions over great lengths. The Stratolaunch aircraft is the
Slide 22: Product Example: Oil / Gas Industry
Product Example: Oil / Gas Industry Oil / Gas Well Monitoring Rod Carbon fiber rod with high temperature epoxy resin. Used as an instrument in “scoping” wells. • Challenge: – Guaranteed lengths in excess of 6,000 meters. – Steel tube with fiber optic strands incorporated into the pultrusion. – Handl
Slide 23: DSC Curved Pultrusion Technology
DSC Curved Pultrusion Technology Deep Orange 6 DSC cooperated with Clemson University – International Center for Automotive Research (CU- ICAR) to use a curved pultrusion for the Deep Orange 6 concept car roof rail. EAR Classification: EAR99 Exel Composites 23
Slide 24: Outlook for 2018
Outlook for 2018 • Exel Composites expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017. Exel Composites 24
Slide 25: More information at www.exelcomposites.com
More information at www.exelcomposites.com Financial calendar 2018 • Business Review January - March: 9 May 2018 • Half Year Financial Report January - June: 24 July 2018 • Business Review January - September: 31 October 2018 Your IR contacts Riku Kytömäki Mikko Kettunen Noora Koikkalainen President
Slide 26: Exel Composites investor site was awarded 1st prize in Small Cap series
Exel Composites investor site was awarded 1st prize in Small Cap series The award ceremony of the “Best investor sites in Finland 2018”-competition, organized by the Finnish Foundation for Share Promotion (Pörssisäätiö) and Finnish Society of Financial Analysts (Sijoitusanalyytikot ry), was held in