Lenzing Ag · VIE:LNZ
Lenzing — FY2018 Earnings Presentation
79 slides from Lenzing's earnings presentation, Mar 14, 2019
Slide 1: Lenzing Investor Presentation FY Results 2018
Lenzing Investor Presentation FY Results 2018 March 14, 2019 www.lenzing.com 14.03.2019 - 1
Slide 2: Disclaimer
Disclaimer ● The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein.
Slide 3: Financial highlights FY 2018
Financial highlights FY 2018 Lenzing with solid results in a demanding market environment ● Group revenue at EUR 2,176 bn (EUR 2,259 bn in FY 2017) ● Specialties progressing well ● Specialty prices decoupled from standard viscose prices ● Specialty ratio already at 45.5 % ● EBITDA at EUR 382 mn (EUR
Slide 4: Strategic highlights: sCore TEN further progressing
Strategic highlights: sCore TEN further progressing Strengthen the Core ● Pulp expansion in progress ● Strategic 450 kt greenfield DWP mill project in Brazil announced ● Ongoing transformation of Nanjing site to specialty hub ● Acquisition of remaining 30 % share of Chinese operation ● Investment of
Slide 5: Strategic highlights: sCore TEN further progressing
Strategic highlights: sCore TEN further progressing Customer intimacy ● Successful launch of new brand architecture ● Opening of a new application and innovation center in Indonesia Forward solutions ● TENCEL™ Luxe investment in 2nd pilot line ● LENZING™ Web Technology; application for 25 patents ●
Slide 6: Target achievement ahead of plan
Target achievement ahead of plan 2014 2020 2018 (baseline) Targets EBITDA EUR 240.3 mn 10 % p.a.1 12 %1 ROCE -0,1 % ≥10 % 10.3 % Net financial 1.9 <2.5 0.6 debt/EBITDA Disciplined implementation of sCore TEN strategy 1) Average over the planning cycle, CAGR www.lenzing.com 14.03.2019 - 6
Slide 7: Fiber Market
2018 Fiber Market www.lenzing.com 14.03.2019 - 7
Slide 8: Interfiber price development
Interfiber price development Staple fiber prices in RMB/to – Development in China1 RMB/to RMB/to (incl. VAT) (incl. VAT) 18,000 12,000 17,000 11,000 16,000 10,000 15,000 14,000 9,000 13,000 8,000 12,000 7,000 11,000 10,000 6,000 01/2015 11/2015 09/2016 07/2017 05/2018 03/2019 01/2015 11/2015 09/2016
Slide 9: Cotton market
Cotton market Cotton market ● In 2018 average Cotlook A-Index mn tons 30 26.9 26.7 26.9 26.0 at 91.4 US cents/lbs (9.5 % higher y-o-y) 25 23.1 24.5 20 18.7 18.5 ● Lower Cotlook A-Index price projection 15 17.6 Production Consumption at 87 US cents/lbs due to trade uncertainties 10 Ending Stocks and
Slide 10: Chinese viscose staple fiber market
Chinese viscose staple fiber market VSF1 price trend and inventory of China ● VSF average price 2018 at 14.525 RMB/to (-8 % y-o-y) RMB/MT (incl. VAT) days ● Year-end price at 13.600 RMB/ton 18,000 35 17,000 30 16,000 ● Year-end VSF inventory at 20 days 15,000 25 20 14,000 15 ● Average utilization ra
Slide 11: The viscose conversion margin over pulp is close to historic lows
The viscose conversion margin over pulp is close to historic lows Conversion Margin VSF China (2014-2019)1 USD/MT (incl. VAT) 1,300 1,200 1,100 1,000 900 800 700 01/2014 07/2014 01/2015 07/2015 01/2016 07/2016 01/2017 07/2017 01/2018 07/2018 01/2019 1) Conversion Margin = VSF - Imported Hardwood DWP
Slide 12: Lenzing
2018 Lenzing www.lenzing.com 14.03.2019 - 12
Slide 13: Specialty fiber performance increases resilience
Specialty fiber performance increases resilience % 114 Lenzing Specialties (China) 1,2 112 110 108 106 Cotton Index China 104 102 100 98 96 94 92 90 88 VSF (TX) CCF high 86 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 1) 6M average in % from 01/20
Slide 14: New brand architecture well established
New brand architecture well established Launch of www.tencel.com www.veocel.com www.lenzingindustrial.com For Textile For Nonwovens For Industrial & Textile B2C Specialties B2C Specialties Core www.lenzing.com 14.03.2019 - 14
Slide 15: Measurable improvement across key indicators
Measurable improvement across key indicators Instead of 134 trademarks 3 core 95 mn branded +18 % - strong increase in visibility product brands textile products Lenzing ingredient brand leader Website traffic on #1 sustainable in sustainability in textile, 421 k website www.tencel.com brand nonwove
Slide 16: Sustainability: a key business and innovation driver
Sustainability: a key business and innovation driver www.lenzing.com 14.03.2019 - 16
Slide 17: Financials – Revenue
Financials – Revenue EUR mn EUR mn Share of specialty fibers +1.3 % (3.7) % in 2018 2,259.4 560.9 2,176.0 14.9% 2,134.1 550.3 539.8 1,976.8 532.8 1,864.2 525.0 45.5% 39.7% Specialty fibers 1 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 2014 2015 2016 2017 2018 Standard fibers Group revenue Group revenue
Slide 18: Financials 2018 – Earnings
Financials 2018 – Earnings EBITDA margin EBIT margin EPS1,2 (EUR) 12.9 % 14.7 % 20.1 % 22.2 % 17.6 % 1.2 % 7.6 % 13.9 % 16.4 % 10.9 % (0.92) 4.78 8.48 10.47 5.61 EUR mn EUR mn EUR mn (24.0) % (36.0) % (47.4) % 502 371 282 428 296 229 382 238 290 148 240 128 151 22 2014 2015 2016 2017 2018 2014 2015
Slide 19: Net income 2018 impacted by one-offs
Net income 2018 impacted by one-offs (EUR mn) Impairment of assets under construction -8.6 Impairment on financial assets -9.1 Effect out of acquisition of remaining 30 % shares in Chinese operation -21.4 Tax effect one-offs +3.6 www.lenzing.com 14.03.2019 - 19
Slide 20: Financials – Key figures (1/2)
Financials – Key figures (1/2) EUR mn EUR mn 900 800 (730) 1,800 49.7% (683) 1,750 700 (577) 570 1,700 600 39.7% 1,596 1,579 500 450 (474) 1,600 1,572 1,541 (383) 29.7% 400 355 316 1,500 18.6% 300 280 254 15.1% 19.7% 1,400 10.3% 200 328 219 8.1% 67 9.7% 100 1,300 7 (0.1)% 0 1,200 -0.3% 2014 2015 201
Slide 21: Financials – Key figures (2/2)
Financials – Key figures (2/2) EUR mn EUR 1,700 120% 1,553 110% 1,528 1,500 5.50 5.00 1 1.50 100% 5.00 1,390 90% 1.30 4.50 4.20 1,300 1,219 80% 2.00 2.00 1.10 70% 3.50 1.20 1,100 1,055 0.90 60% 3.00 3.00 61% 59.0% 2.50 3.00 0.70 50% 900 53% 2.0 51% 4.7% 40% 6.3% 0.50 45% 3.7% 1.50 700 30% 1.0 3.8% 0
Slide 22: Cash flow development and trading working capital
Cash flow development and trading working capital (27.4) % (Gross CF) +3.3 % (Operating CF) (27.7) % (Free CF adj.) +7.2 % EUR mn 600 EUR mn 39.0% 473 500 82 419 0 386 78 34.0% 366 0 400 447 83 444 304 396 414 284 280 380 29.0% 271 300 25.6% 231 219 216 23.4% 24.0% 145 200 20.8% 20.6% 115 19.4% 100
Slide 23: Outlook
Outlook www.lenzing.com 14.03.2019 - 23
Slide 24: Strategy execution 2019: Stay the course
Strategy execution 2019: Stay the course ● Two major decisions to be taken ● 450 kt greenfield DWP mill project in Brazil appr. in H2 ● Thailand lyocell project appr. in H2 ● Spezialisation ● Finalize second TENCEL™ Luxe pilot line ● Expansion of LENZING™ ECOVERO™ production in China ● Target of app
Slide 25: Business challenges 2019
Business challenges 2019 ● Economic uncertainty Estimated viscose net capacity additions 1 ● Further viscose net capacity additions to come on stream1 6.3 – 6.4 6.7 - 7.0 ● Standard viscose prices to stay volatile and lower than in 2018 5.7 ● Caustic soda prices in Europe remain so far on higher lev
Slide 26: Outlook 2019 – Fiber market and Lenzing Group
Outlook 2019 – Fiber market and Lenzing Group The International Monetary Fund expects a slowdown of global economic growth to 3.5 percent in 2019, mainly driven by increasing protectionist tendencies and growing geopolitical tensions. The currency environment in the regions relevant to Lenzing will
Slide 27: FY 2018 Financial information
FY 2018 Financial information www.lenzing.com 14.03.2019 - 27
Slide 28: FY 2018: Consolidated Group P&L
FY 2018: Consolidated Group P&L (EUR mn) 2018 2017 Change y-o-y (%) Revenue 2,176.0 2,259.4 (3.7) Change in inventories of finished goods and work in progress 36.4 16.8 116.8 Own work capitalized 55.7 46.1 20.8 Other operating income 57.2 49.9 14.5 Cost of material and purchased services (1,297.3) (
Slide 29: FY 2018: Consolidated Group P&L – Quarters
FY 2018: Consolidated Group P&L – Quarters Change Change (EUR mn) Q1/2018 Q2/2018 Q3/2018 Q4/2018 Q4/Q3 (%) Q4/2017 Q4/Q4 (%) Revenue 550.3 525.0 560.9 539.8 (3.8) 532.8 1.3 Change in inventories of finished goods and work in progress (15.0) 17.8 1.9 31.6 - 20.3 56.0 Own work capitalized 15.1 13.0 1
Slide 30: FY 2018: Topline breakdown
FY 2018: Topline breakdown Change Change Q4/Q3 Q4/Q4 Change (EUR mn) Q1/2018 Q2/2018 Q3/2018 Q4/2018 (%) Q4/2017 (%) 2018 2017 y-o-y (%) Breakdown of Fibers segment revenue Textile fibers (%) 70.4 70.3 71.6 70.9 (0.9) 69.0 2.7 70.8 70.0 1.1 Nonwoven fibers (%) 29.6 29.7 28.4 29.1 2.4 31.0 (6.0) 29.2
Slide 31: Financials 2018 – Earnings per quarter
Financials 2018 – Earnings per quarter EBITDA margin EBIT margin EPS1 (EUR) 19.8 % 18.5 % 17.7 % 17.1 % 16.9 % 13.6 % 12.5 % 11.4 % 11.0 % 8.8 % 2.35 1.89 1.55 1.62 0.56 EUR mn EUR mn EUR mn (13.2)% (34.8)% (76.9)% 62.4 105.3 72.6 101.6 68.9 59.8 61.6 50.0 95.8 93.2 41.2 42.5 91.4 47.3 14.4 Q4/2017
Slide 32: FY 2018: OPEX as of total sales
FY 2018: OPEX as of total sales Change Change Q4/Q3 Q4/Q4 Change (EUR mn) Q1/2018 Q2/2018 Q3/2018 Q4/2018 (%) Q4/2017 (%) 2018 2017 y-o-y (%) Total sales 550.3 525.0 560.9 539.8 (3.8) 532.8 1.3 2,176.0 2,259.4 (3.7) Total OPEX1 (461.6) (479.4) (490.4) (511.8) 4.4 (472.7) 8.3 (1,943.2) (1,869.7) 3.9
Slide 33: FY 2018: Solid balance sheet, strong ROCE
FY 2018: Solid balance sheet, strong ROCE as at Dec. 31, 2018 3,000.0 ∑ EUR 2,630.9 mn ∑ EUR 2,630.9 mn According to IFRS (EUR mn) 31 Dec. 2018 31 Dec. 2017 Change in % Total assets 2,630.9 2,497.3 5.4 2,500.0 Liquid assets1 254.4 315.8 (19.4) thereof liquid funds 243.9 306.5 (20.4) 2,000.0 Total li
Slide 34: FY 2018 Total opex structure
FY 2018 Total opex structure 2017 (Total Opex EUR 1,869.7 mn) 2018 (Total Opex EUR 1,943.2 mn) 262.4 271.5 14.0% 14.0% 349.4 18.7% 374.5 19.3% 1,258.0 1,297.3 67.3% 66.8% Cost of material and purchased services Cost of material and purchased services Personnel expenses Personnel expenses Other opera
Slide 35: FY 2018: Net debt bridge
FY 2018: Net debt bridge Change in total working capital EUR (22.3) mn3 265.6 66.8 44.3 22.1 82.2 6.8 392.9 132.9 40.6 0.4 4.4 219.4 0.1 Net Acquisition of Net Cash capex Inflow from financial Change in Change in puttable non- Currency financial Tax Net interest Gross CF (incl. fin. Dividend the sal
Slide 36: Q4/2018: Net debt bridge
Q4/2018: Net debt bridge Net Acquisition of Net Cash capex Inflow from financial Change in Change in puttable non- Currency financial Tax Net interest Gross CF (incl. fin. Dividend the sale of Others debt trading WC other WC controlling translation debt FY ass.) subsidiaries Q3/2018 interests 2018 C
Slide 37: FY 2018: Cash flow by quarters
FY 2018: Cash flow by quarters Change Change Change Q4/Q3 Q4/Q4 y-o-y (EUR mn) Q1/2018 Q2/2018 Q3/2018 Q4/2018 (%) Q4/2017 (%) 2018 2017 (%) Gross cash flow (before taxes and interest) 99.1 93.3 93.2 107.4 15.3 114.8 (6.4) 392.9 511.8 (23.2) Taxes and interest (14.0) (27.7) (20.4) (26.9) 31.5 (21.4)
Slide 38: Cash flow development and trading working capital
Cash flow development and trading working capital (13.7) % Gross CF Operating CF EUR mn 7.2 % Trading Working Capital EUR mn (50.1) % Free CF adj. 450 444.4 29.0% 108.6 440 27.0% 93.4 85.1 89.6 430 427.3 80.6 72.7 421.8 25.0% 65.6 420 50.4 49.1 414.4 23.0% 32.9 32.8 410 407.3 20.3% 20.6% 21.0% 1
Slide 39: Appendix Equity story
Appendix Equity story www.lenzing.com 14.03.2019 - 39
Slide 40: Lenzing – Our mission
Lenzing – Our mission “Lenzing is a performance materials company that turns CO2 and sunlight into highly functional, emotional and aesthetic products across the globe” www.lenzing.com 14.03.2019 - 40
Slide 41: Global fiber market at a glance
Global fiber market at a glance 2018e consumption numbers ● Lyocell ● Modal 6% Wood-based ● Viscose cellulose fibers2 26% Cotton 106 mn tons 62% Synthetic fibers 1% Wool 5% Other natural fibers1 1) Incl. bast, flax, hemp, jute, silk and allied fibers 2) Wood-based and cotton linter-based cellulose f
Slide 42: Lenzing – Market leader in all three fiber generations
Lenzing – Market leader in all three fiber generations Source: China Chemical & Fiber Economic Information Network, China Chemical Fiber Group, Lenzing data www.lenzing.com 14.03.2019 - 42
Slide 43: Lenzing is the only global player with European roots
Lenzing is the only global player with European roots in the viscose staple fibers market1 (2018e) … Lenzing with 17 % share of production Lenzing with 15 % share of capacities2 Lenzing Others Lenzing Others 17% 16% 15% 23% Grace 5% Sateri 4 Sateri 4 10% Yamei 16% Grace 5% 5.5 mn tons 5% 7.0 mn tons
Slide 44: … and is a global leader in wood-based specialty fibers
… and is a global leader in wood-based specialty fibers Balanced exposure to matured and Global network of production sites and emerging markets sales offices Fiber revenue by region 2018 footprint AMEA (Asia, Middle North Asia East and Africa) 38% 36% Europe & Americas 26% Source: Lenzing data as a
Slide 45: Capacity 2019: A global footprint
Capacity 20191: A global footprint Europe & China Total pulp Americas2 capacity 544 544 575 575 260 260 178 178 275 275 119 119 165 165 2018 2019e 300 300 2018 2019e 2018 2019e Total capacity Lenzing (A) Paskov (CZ) Indonesia dissolving dissolving pulp capacity pulp capacity 1,045 1,045 260 260 119
Slide 46: Long-term interfiber price development
Long-term interfiber price development Staple fiber prices – Development in China1 RMB/to (incl. VAT) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 01/2010 10/2010 07/2011 04/2012 01/2013 10/2013 07/2014 04/2015 01/2016 10/2016 07/2017 04/2018 01/2019 Viscose Cotton Polyester 1) Price developmen
Slide 47: Textile and Nonwovens are the two main applications
Textile and Nonwovens are the two main applications Textile Nonwovens Size ~90 mt ~10 mt Regional Over 90% of spinning and fabric making Mainly a regional market (due to high logistic costs) focus located in China, India and Asia-Pacific High Low Fragmentation Top 5 to 10 players hold between 60-80%
Slide 48: Sales and marketing – Customer concentration
Sales and marketing – Customer concentration Textiles Percent of sales by customers Nonwovens Percent of sales by customers (20181) (20181) 63% 49% 46% 35% 33% 22% Top 5 Top 10 Top 20 Top 5 Top 10 Top 20 Source: Lenzing data 2018 www.lenzing.com 14.03.2019 - 48
Slide 49: Lenzing underpins its innovation leadership
Lenzing underpins its innovation leadership Industry leading R&D spend (EUR 42.81 mn in 2018) R&D is an essential part of the sCore TEN strategy and R&D expenditures (2015-2018)1 contributes to all five fields EUR mn % ● Decision to invest appr. EUR 100 mn into sustainable production 60.0 3.0 techno
Slide 50: Development journey of our three fibers
Development journey of our three fibers Technological competence in fiber production www.lenzing.com 14.03.2019 - 50
Slide 51: Successful commercialization of innovations
Successful commercialization of innovations LENZING™ ECOVERO™ fibers TENCEL™ Luxe filament REFIBRA™ technology Among the top environmental Positioning in the premium luxurious REFIBRA™ technology is Lenzing’s standards in viscose production; segment; excellent partner with other first step to contri
Slide 52: Innovation: LENZING™ ECOVERO™
Innovation: LENZING™ ECOVERO™ The new standard in eco-responsible viscose 30 ● LENZING™ ECOVERO™ fibers are the innovative 25 and unique answer to the increasing demand MSI score, points/kg fiber for sustainable products along the textile 20 value chain Fossil resource depletion 15 ● Worldwide highe
Slide 53: Innovation: Lyocell fibers with REFIBRA™ technology
Innovation: Lyocell fibers with REFIBRA™ technology Contribution to circular economy ● Solves waste problems in the society and saves resources by replacement of virgin cotton fibers ● Environmentally responsible closed loop process ● High resource efficiency and low ecological impact ● Solvent-spin
Slide 54: Looking forward: Megatrends support fiber demand growth
Looking forward: Megatrends support fiber demand growth Population growth and higher purchasing power in the emerging markets drive overall fiber growth World CAGR 2010-2020 6.9 7.8 Population 6.1 +1.1% bn 12.2 GDP per capita 9.7 (current prices) 5.7 +2.4% ths. USD/capita 14.8 Fiber consumption 11.9
Slide 55: Wood-based fibers outgrow market
Wood-based fibers1 outgrow market Expected growth of global fiber demand until 2023 Million metric tons 130 Wood-based fibers CAGR 120 Synthetic fibers 106 m tons (2018e – 2023p2) 110 Cotton 100 Other natural fibers & wool 90 Wood-based fibers1 (6%) 5-6% p.a. 80 70 60 Synthetic fibers 4-5% p.a. 50 (
Slide 56: Asia Pacific remains the growth engine in global textiles
Asia Pacific remains the growth engine in global textiles Global apparel demand by value1 (2005-2020) CAGR (2015-2020e) USD bn 1,517 1,306 38% Asia Pacific 4% 988 36% 23% 22% North America 2% 22% 26% 26% Europe 27% 2% 39% 14% 14% ROW 12% 3% 2005 2015 2020e 1) Based on current prices and historic yea
Slide 57: Sustainability is gaining importance
Sustainability is gaining importance Less than 1 % of global water Arable land is decreasing due to Oil is a finite resource causing resources is available as fresh erosion and urbanization negative externalities water for people ● With a growing global population, ● Sooner or later “peak oil” will
Slide 58: Lenzing's Sustainability Strategy and targets
Lenzing‘s Sustainability Strategy and targets Target 2: Target 4: Specific waste water emissions Supplier assessment Target 5: Transparency Target 1: Specific sulfur emissions Target 3: Conservation solutions www.lenzing.com 14.03.2019 - 58
Slide 59: Responsible wood and pulp sourcing
Responsible wood and pulp sourcing ● Lenzing has a strict wood and pulp sourcing policy in place ● Lenzing does not source any wood or dissolving wood pulp from ancient and endangered forests as well as high conservation value areas. ● Lenzing is committed to sourcing wood and dissolving wood pulp e
Slide 60: Certification status in the Lenzing Group
Certification status in the Lenzing Group ● Certification status of total wood input at Lenzing fiber production sites via own and purchased dissolving wood pulp ● All PEFC™ certified or controlled source is also FSC® controlled wood Basis: dissolving wood pulp by weight Average 2015-2017: changes l
Slide 61: Highly efficient use of raw materials
Highly efficient use of raw materials The Lenzing site is fully integrated. Dissolving wood pulp production at the Lenzing and Paskov sites achieve a wood utilization rate of about 100 % (incl. energy use) Highly efficient use of the raw material wood in the Lenzing Group‘s biorefineries www.lenzing
Slide 62: Fiber production fully secured by a robust pulp supply
Fiber production fully secured by a robust pulp supply Lenzing’s level of backward integration: Own pulp supply in percentage of annual fiber capacity ● 60 % secured by own pulp production ● Remaining pulp is secured Total annual through long-term contracts fiber capacity (100 %) 56% 56% 56% 57% 60%
Slide 63: DWP market is relatively concentrated with significant link to paper pulp market
DWP market is relatively concentrated with significant link to paper pulp market DP for WBCF supply, 2017, mt Capacity distribution, 2017, % Forecasted capacity, mt Merchant thereof swing capacity (PP/DWP) Integrated 2 8 7 ~80% Birla 1 6 Sappi 6 Lenzing 10% 21% 10% 5% Sun Paper Sateri 15% 4% 4% Rayo
Slide 64: Key facts about the DWP greenfield project
Key facts about the DWP greenfield project ● Lenzing and Duratex S.A. to investigate a greenfield DWP plant in Brazil ● Lenzing to hold 51 % and Duratex 49 % ● FSC® certified wood supply ● Key facts of project under investigation ● 450 kt/a capacity → largest single line DWP plant ● Kraft pulp techn
Slide 65: Brazil – perfect for a lowest cost DWP mill worldwide
Brazil – perfect for a lowest cost DWP mill worldwide ● Very favorable wood economics, strong local talent pool and excellent supplier network ● Brazil has a lot of experience in pulp projects ● Since year 2000, ~50 % of new pulp capacity was built in Brazil Brazil ● Duratex – strong JV partner ● Le
Slide 66: Certificates and recognitions
Certificates and recognitions ● VÖNIX (Austrian Sustainability Index) ● 100 % USDA Biobased certification for Lenzing standard fibers (LENZING™ FR at 99 %) ● The EU Ecolabel (European Flower) ● OK compost HOME (TÜV AUSTRIA BELGIUM) ● Responsible Care® ● OK biodegradable SOIL (TÜV AUSTRIA BELGIUM) ●
Slide 67: The strategy – driving value growth
The strategy – driving value growth www.lenzing.com 14.03.2019 - 67
Slide 68: Strengthen the Core
Strengthen the Core ● Further strengthen pulp position via backward integration and/or strategic co- operations 1 ● Maintain quality leadership ● Deliver EUR 50 mn EBITDA by 2017 with commercial and operational excellence program (done) ● Strengthen our bio-refinery business ● Grow viscose position
Slide 69: Customer Intimacy, Specialization, Forward Solutions and New Business Areas
Customer Intimacy, Specialization, Forward Solutions and New Business Areas Increase management presence and decision power in the regions (done) Move selectively forward 4 Establish two additional in the value chain via new game-changing 2 regional application and technologies customer innovation c
Slide 70: Backup
Backup www.lenzing.com 14.03.2019 - 70
Slide 71: New brand architecture well established
New brand architecture well established Launch of www.tencel.com www.veocel.com www.lenzingindustrial.com For Textile For Nonwovens For Industrial & Textile B2C Specialties B2C Specialties Core www.lenzing.com 14.03.2019 - 71
Slide 72: Succesful launch of TENCEL™ in textiles
Succesful launch of TENCEL™ in textiles TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ TENCEL™ Intimate Active Home Denim Luxe feels so right feels so right feels so soft feels so ready feels so feels so feel the touch TENCEL™ is TENCEL™ is comfortable natural of conscious applicable to applicable
Slide 73: LENZING™ fibers fields of application
LENZING™ fibers fields of application Textiles Home Luxe Active Intimate Denim www.lenzing.com 14.03.2019 - 73
Slide 74: A new brand for nonwovens
A new brand for nonwovens VEOCEL™ Beauty VEOCEL™ Body VEOCEL™ Intimate VEOCEL™ Surface gentle care, reliable care, natural care, effective care, purely for you purely for you purely for you purely for you www.lenzing.com 14.03.2019 - 74
Slide 75: LENZING™ fibers fields of application
LENZING™ fibers fields of application Nonwovens Body Surface Beauty Intimate www.lenzing.com 14.03.2019 - 75
Slide 76: Brand for new business areas
Brand for new business areas LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ LENZING™ TENCEL™ for for for for for for for for Agriculture Engineering Packaging Protective Workwear Biorefinery Co-Products Footwear Products Wear Products TENCEL™ for Footwear is a B2B branded offer for Industrial
Slide 77: LENZING™ industrial applications
LENZING™ industrial applications Industrials Packaging Biorefinery Products Workwear Agriculture Co-Products Footwear Protective Wear Engineered Products www.lenzing.com 14.03.2019 - 77
Slide 78: Lenzing share information
Lenzing share information Oberbank AG1 3.8% ISIN LNZ / AT0000644505 Bloomberg LNZ:AV Reuters LNZNF.PK ATX, ATX Prime, ATX Global B&C Indices Players, VÖNIX Sustainability Index Privatstiftung 50.0% Number of shares 26,550,000 Free float Share price Dec. 31, 2018 EUR 79.45 46.2% Market capitalization
Slide 79: Contacts and financial calendar
Contacts and financial calendar Investor Relations contact Financial calendar Stephanie Kniep Full year results 2018 March 14, 2019 Head of Investor Relations 75th Annual General Meeting April 17, 2019 Corporate Communications & Investor Relations Results 01-03/2019 May 8, 2019 Phone: +43 7672 701 4