Aksa Akrilik Kimya Sanayii A.s. · BIST:AKSA

Aksa Akrilik Kimya Sanayii A.s — Investor Presentation (February 2013)

30 slides from Aksa Akrilik Kimya Sanayii A.s's investor presentation, February 2013

  1. Slide 1: Aksa Akrilik Kimya Sanayi February 2013

    AKSA AKRILIK KIMYA SANAYI FEBRUARY 2013 1

  2. Slide 2: Akkok Group Companies

    AKKO AKKOK INDUSTRIAL INVESTMENT & DEVELOPMENT INC. INC. Akkok Group Companies CHEMICALS AKSA, AK-KİM, DOWAKSA ENERGY AKENERJİ, SEDAŞ,EGEMER AKKOK (Million 2007 2008 2009 2010 2011 TEXTILES US$) AK-TOPS, AKSA EGYPT Net Sales 1.337 1.514 2.166 2.675 2.900 Export 346 326 332 417 458 REAL ESTATE DEVELO

  3. Slide 3: Main Strategies

    Main Strategies •Operational excellence •Icreasing Productivity •Cost Reduction •Reliable Quality and Service •CRM •Sustainable Profitability •Producing high quality and reliable energy with cost effectiveness •Development of R & D capabilities in terms of operational excellence •Identifiying of new

  4. Slide 4: Strategic Business Units of Aksa

    STRATEGIC BUSINESS UNITS of AKSA STANDARD ACRYLIC FIBER BUSINESS UNIT • Largest acrylic fiber producer under one single roof in the world; • 14 % global market share; • Turkey’s sole local producer having 67% local market share. TECHNICAL FIBERS BUSINESS UNIT • High value-added products / Develop fi

  5. Slide 5: Fibers

    rN AKSA FIBERS

  6. Slide 6: What Is Acrylic Fiber?

    WHAT IS ACRYLIC FIBER? Acrylic fibre is a synthetic fibre that highly resembles wool, Wool (natural fiber) Acrylic Fiber (synthetic fiber) Used in blends with natural and other synthetic fibers or by themselves, Easily washed and keep dimensional stability/resistant against sunlight & chemical subst

  7. Slide 7: Acrylic Fiber Sector in Brief

    ACRYLIC FIBER SECTOR IN BRIEF Acrylic fiber market accounts for 2 million tonnes in 2012. The global demand for acrylic fiber in 2020 is expected to be around the same level as 2 million tonnes. Biggest Consumption Market is China . During 2007-2010 shrank by 20% / adopts self sufficiency strategy/i

  8. Slide 8: Having 42 Years of Experience in Acrylic Fiber Industry

    HAVING 42 YEARS OF EXPERIENCE IN ACRYLIC FIBER INDUSTRY... Leader in Turkey and in international markets in terms of capacity, size, pre-and post-service quality, product diversity & flexibility; Low cost leader; Production capacity : 308,000 ton/year; Capacity Utilization Rate:86% in 2010, 93 % in

  9. Slide 9: Aksa's Development Over 40 Years

    AKSA’s Development Over 40 Years AKSA 1971 AKSA Today Initial Capacity 5,000 tpa Capacity 308,000 tpa AKSA PRODUCTION CAPACITIY (TON) 350.000 308.000 300.000 250.000 200.000 Capacity 150.000 Year 100.000 50.000 5.000 0 1971 1976 1984 1988 1992 1995 1997 2001 2007 By the end of 2007, capacity reached

  10. Slide 10: 2012 Sales Breakdown

    2012 / SALES BREAKDOWN EXPORT SALES BREAKDOWN DOMESTIC SALES BREAKDOWN ( 2012) ( 2012 ) OTHER; 5% Handknit; Other; 5% Knitwear; CHINA; 20% 4% 60% MIDDLE EAST; 40% USA; 14% AFRICA; 6% Carpets; 31% EUROPE; 15% 10

  11. Slide 11: Acrylic Fiber Industry Players

    ACRYLIC FIBER INDUSTRY PLAYERS AKSA (TURKEY) / Production Capacity: 308,000 tpa MONTEFIBRE (SPAIN) / 95,000 tpa DRALON (GERMANY) / 188,000 tpa DRALON (GERMANY) / 188,000 tpa FORMOSA (TAIWAN) / 72,000 tpa THAİ ACRYLİC FİBRE (THAILAND)/ 120,000 tpa SHANGHAİ PETROCHEMİCALS (SPC) (CHINA) / 150,000 tpa D

  12. Slide 12: Global Productions of Textile Fibers

    GLOBAL PRODUCTIONS OF TEXTILE FIBERS 1970 1980 1985 1990 1995 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2025 2050 Synthetic Fibers 8,4 14,5 16,5 19,0 22,5 32,1 31,7 33,9 35,5 38,0 38,2 41,3 44,5 42,6 43,9 46,2 48,0 63,6 97,2 Polyester 0,0 0,0 0,0 0,0 19,1 19,2 21,0 22,3 24,4 24,7 2

  13. Slide 13: Cost Structure of Acrylic Fiber

    COST STRUCTURE OF ACRLYIC FIBER The key cost component is the raw material Acrylonitrile • Acrlyonitrile prices fluctuates depending on the oil prices and the demand –supply balance; • 30% of ACN locally sourced from PETKIM, The rest is heavily imported from Europe / US. The other important cost com

  14. Slide 14: Ecru Tow - ACN Price Margin (US$/ton)

    ECRU TOW - ACN PRICE MARGIN (US$/ton) 3.500 3.000 2.500 2.000 1.500 1.000 500 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013/JAN EKRU TOW ACN Margin Source: PCI Average of US/Europe/Far East Prices 14

  15. Slide 15: Energy

    rN AKSA ENERGY 15

  16. Slide 16: Energy Generation & Turnover

    ENERGY GENERATION & TURNOVER Generation (2012) KWH Generation (2011) KWH 16% 24% Electricity -KWH Electricity -KWH Steam- KWH Steam- KWH 76% 84% Energy Turnover (2012) Energy Turnover (2011) 9% 4% 4% Group 10% Group Non-group Non-group 87% 86% Turkish Electricity Turkish Electricity Transmission Tra

  17. Slide 17: Carbon Fiber

    rN AKSA CARBON FIBER AKKOK

  18. Slide 18: What Is Carbon Fiber?

    WHAT IS CARBON FIBER? human hair , (50-70 μ) • Carbon fibers are extremely fine fibers (typ, 5-7 µ in dia,) consisting mostly of carbon atoms, carbon fiber (5-7 μ) • Carbon fiber is >95% carbon, a carbon fiber and a human hair (source: wikipedia) • The structure of carbon fiber is similar to graphit

  19. Slide 19: Expected Growth in Demand for Carbon Fiber

    EXPECTED GROWTH IN DEMAND FOR CARBON FIBER Industrial Apps 2010 vs 2020: Wind: 5,000t  15,000-50,000t Compounding: 5,000t  15,000-50,000t Pressure Vessels: 3,000t  15,000-50,000t Autos: 2,500t  20,000-100,000t Carbon fibre demand was around 20,000 tonnes in 2004, The demand than doubled in the f

  20. Slide 20: The "Un-Met Need" for Carbon Fiber

    THE “UN “UN--MET NEED” FOR CARBON FIBER Market Research; • Carbon fiber has been available commercially since the 1970’s, • Demand has grown irregularly depending on new applications, • Tight supply conditions have occurred every few years • There appears to be an “un-met need” in the market for–hig

  21. Slide 21: Long-Term Goals

    LONG--TERM GOALS LONG Generate at least US$1 billion sustainable revenues, Sustain EBITDA Margins around 12-13%, Maintain capacity utilization and low-cost leadership through cost saving projects and economies of scale, Develop new technical fibers to create added value and end-use areas except text

  22. Slide 22: Developments During 2012

    DEVELOPMENTS DURING 2012 Aksa Karbon Elyaf San. A.Ş. is established by partial spin off as of 2 January . First phase of new co-generation power plant is successfully activated as of March. Dividend payments amounting to USD 25.000.000 have been completed in May. Establishment of 50%-%50% joint vent

  23. Slide 23: Budget Figures

    VN (a S AKSA AKKOK BUDGET FIGURES 2012 Forecast (*) (mio) 2013 Budget (mio) Net Sales US$900-960 US$840-870 AF USS800-850 USS725-745 Tecnical Fibers USS60-65 USS60-65 Energy USS40-45 USS55-60 Exports US$320-340 Million US$260-280 Million AF CUR %90-%95 %90-%93 EBITDA marg 12% 12% CAPEX USS40-45 USS$

  24. Slide 24: Net Sales & Export (FOB)

    NET SALES & EXPORT (FOB) (USD mio mio)) 978 1000 900 851 800 672 670 678 687 700 600 557 519 532 500 389 380 400 333 317 312 259 268 249 300 250 232 207 180 200 138 67 92 100 0 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012/Q3 Net sales Export 24

  25. Slide 25: EBITDA - Net Profit

    EBITDA - NET PROFIT (USD mio mio)) 120 108 100 93 85 83 84 80 74 60 57 60 49 48 43 45 37 40 26 19 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012/Q3 EBITDA NET PROFIT 25

  26. Slide 26: EBITDA - Net Profit (%)

    EBITDA - NET PROFIT (%) 16% 14% 13,2% 13,8% 12,3% 12% 12,1% 10,0% 11,0% 10% 9,0% 8,9% 8% 7,3% 6,6% 6,4% 6% 5,8% 4% 2,8% 4,7% 4,4% 2% 1,9% 0% 2005 2006 2007 2008 2009 2010 2011 2012/Q3 EBITDA NET PROFIT 26

  27. Slide 27: Investment-Profit-Dividend

    INVESTMENT--PROFIT INVESTMENT PROFIT--DIVIDEND 2002-2012/Q3: • Total Investment : US$ 673,4 mio USD • Total Net Profit : US$ 436,2 mio USD • Total Dividend : US$ 87,6 mio USD 159,00 160 140 120 97,9 95,85 100 87,8 84,43 80 67,4 57,2 57,00 60 52,3 48,5 38,7 37,00 40 28,4 30,4 27,4 26,4 29,28 23,8 19,

  28. Slide 28: Summary Income Statement

    SUMMARY INCOME STATEMENT Income Statement ('million USD) 2008 2009 2010 2011 2012/Q3 NET SALES 678 556 851 978 687 EBITDA 60 74 85 108 83 NET PROFIT 45 26 37 57 84 28

  29. Slide 29: Balance Sheet

    BALANCE SHEET Balance Sheet ('000 US$) 2008 2009 2010 2011 2012/ Q3 ASSETS 707.481 808.967 836.241 874.882 878.039 Current Assets 376.237 390.652 388.060 406.678 401.405 Liquid Assets 26.685 64.003 36.832 45.056 37.151 Receivables 264.282 218.251 211.656 212.450 195.114 Inventories 63.738 73.592 88.

  30. Slide 30: Thank You

    AKSA AKKOK AKSA THANK YOU http://www.aksa.com yatirimciiliskileri@aksa.com 30

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