Wendel Se · EURONEXT:MF
Wendel — Materis — Investor Day (December 2011)
11 slides from Wendel's investor day presentation, Dec 2, 2011
Slide 1: Materis - Wendel Investor Day, 2 December 2011
Materis Wendel Investor Day 2 December 2011
Slide 2: Company strengths profile
Materis Company strengths profile Leading position Management quality Barriers to entry Kerneos: Worldwide leader True global market coverage (Kerneos) Experienced management team Chryso: N 1 in France, N 4 Worldwide Innovative proprietary formulae (Chryso) Proven track record of Parex Group: co-lea
Slide 3: Key competitive advantages
Materis Key competitive advantages Market position Key competitive advantage Only player with a true global market Aluminates Worldwide leader coverage (products and countries) Innovative proprietary formulae N 1 in France Admixtures N 3 in Europe Close relationship with clients (co-developmen
Slide 4: Organization
Materis Organization Wendel Board Members Olivier Management Legrain CEO Bernard Gautier Georges Jean Arnaud Support Nordmann Curis Lay Stéphane Bacquaert Finances Strategy Legal Patrick Bendahan Business Divisions Chistian Eric Jean-Marc Richard René Jean-Michel Ropert Sacchetti Bergé Bianchi Segui
Slide 5: 6% EBITDA increase in H1 despite inflation in raw materials
Materis 6% EBITDA increase in H1 despite inflation in raw materials (€M) H1 2010 FY 2010 H1 2011 H1 2011 sales by region South America 9% Sales 925.3 1,854.7 1,022.5 North America 5% EBITDA (1) 132.4 250.5 140.7 Europe Asia-Pacific 25 % As a % of sales 14.3% 13.5% 13.8% 10% Operating income (1) 101.
Slide 6: 9-months activity
Materis 9-months activity Paints Mortars Sales 2011 YTD: 625 M€ (+ 5.8%) Sales 2011 YTD: 479 M€ (+ 11.9%) Organic growth of 4.3% Organic growth of 12.1% Price effect: 5.6% to reflect drastic increase in titanium dioxide prices Increasing contribution of emerging countries with organic gr
Slide 7: Current trading and short-term issues & actions
Materis Current trading and short-term issues & actions Solid organic growth fuelled by both: ► Emerging countries with 15% Current ► Mature countries with 6% Trading Confirmation of organic growth substantially above 5% for 2011 Operating margin maintained at best-in-class level in the indust
Slide 8: Paints: Action plans to mitigate raw materials increase
Materis Paints Action plans to mitigate raw materials increase Titanium dioxyde price Situation TiO2 Capacity shortage in Europe Fast growing demand in Asia Worldwide issue affecting the whole industry Represents 20% of paint formulation cost +75% From Jan. 2010 to Dec. 2011 with no known te
Slide 9: Managing the leverage
Materis Managing the leverage After having sounded its largest lenders, Materis, with the support of Wendel, has launched a formal “amend to extend” request to its pool in order to seek: ► Extension of senior debt maturities (currently ranging from April 2013 to October 2015) to early 2016 ► The a
Slide 10: A business model with specific advantages to face uncertainties
Materis A business model with specific advantages to face uncertainties Emerging markets exposure: from 15% in 2006 to 27% in 2011, fuelled by organic growth circa 15% Growth Excellent pricing policy track record: average 2.4% growth since 2006 Active mix management to generate growth with mor
Slide 11: Long term growth story
Materis Long term growth story Positive long term drivers for the business Structural need for new housing Regular increase of housing stock to be renovated Increased renovation driven by new energy savings standards Continuous evolution of product mix driven by demand for healthier, safer a