Celik Halat Ve Tel Sanayii A.s. · BIST:CELHA
Celik Halat Ve Tel Sanayii A.s — FY2018 Earnings Presentation
26 slides from Celik Halat Ve Tel Sanayii A.s's earnings presentation, March 2019
Slide 1: Everywhere you live in…
Everywhere you live in… Investor Presentation, March 2019
Slide 2: Company Profile
Leading steel rope & wire producer in Turkey Founded in : 1962 Location : Kartepe,Kocaeli / Turkey Open Area : 57,000 m² Covered Area : 50,000 m² Total Area : 107,315 m² Company Profile Production Capacity : 76,200 Tons / Year Products : Steel wire ropes, prestressed : concrete strand, spring wire L
Slide 3: Çelik Halat in Brief / Our Strengths
Çelik Halat in Brief • Domestic market leader & strong customer loyalty. • Experience and know-how as being the first company in the sector with more than 55 years of commitment, since establishment. • Well known brand worldwide; exports to 42+ countries. • Specialized in mining, petroleum explorati
Slide 4: Doğan Group at a glance
Doğan Group at a glance Doğan Holding is the major shareholder of Çelik Halat Doğan Holding’s Consolidated Revenues & EBITDA (TL mn) since 1997 Doğan Group, founded by Aydın Doğan in 1959, is one of the leading groups in Turkey with 60 years of experience. Doğan Şirketler Grubu Holding A.Ş. (“Doğan
Slide 5: Footsteps Of Reliability
The first company in the sector with Establishment more than 55 years of experience 1962 Public Listing in Borsa İstanbul 1986 Start of Manufacturing PC Strand 1986 Owned By Doğan Group 1997 Prestressed Concrete Strands Footsteps Of Reliability Investment 2009 PGH Oven Investment 2010 Wire Rope Inve
Slide 6: Product Showcase
Product Showcase Market leading position & well-known brand Patented Galvanized Wire Spring Wire Steel Wire Rope Mechanical Prestressed Spring Wire Concrete Strand 6
Slide 7: Steel Wire Rope
Steel Wire Rope Wide range of products to Product Diameter Range: Production according to any suit requirements 6 - 83 mm international standards such as of mining, petroleum API (9A License No: 9A-0056) , exploration, fishing, marine, Surface: EN, Fed. Spec., BS, JIS. lifting, elevator industries a
Slide 8: Steel Wire
Steel Wire MECHANICAL SPRING WIRE GALVANIZED SPRING WIRE PATENTED WIRE Widely used in various Widely used in white goods Medium and high tensile grades industries including automotive and in automotive sectors Patented bright & galvanized and agriculture Dia. range: 0.35 – 3.80 mm wires to be furthe
Slide 9: Prestressed Concrete Strand
Prestressed Concrete Strand • Production according to • Prestressed Concrete Strands international standards are mainly used in bridge girders, constructions, anchorages and Packing: In coils around 3300 kg prefabricated structures. 9
Slide 10: Sustainable growth
Investing in Innovation & Efficiency • R&D center*, established in 2017, will improve efficiency and new product development. R&D projects will include: • Developing a new product class of galvanized wire rope Sustainable growth • Developing wire rope with plastic coated core • Die design and die en
Slide 11: Investments
New Investment in Wire Rope Investment in wire rope production, operated in 4Q18, consists of purchasing of 11 wire rope machines from Romania. This will lead to: Diversification in wire rope production and increasing the share of technological wire: Investments • Max.18 tons range wire rope • Non r
Slide 12: Environmental Responsibilities
Environmental Responsibilities • Obtained ISO 14001 Environmental Management System Certification • Weather emission permit was renewed on December 18, 2014, and valid for five years. • TSE 18001-2014 & TSE 14001-2004 Audits are completed successfully without any inconvenient matter. • Scrubber of S
Slide 13: Certificates and Memberships
Certificates • API ( API 9A License No: 9A-0056- American Petroleum Institute) • Lloyd’s Register • ISO 9001 / 2015 • ISO 14001 / 2004 • ISO 18001 / 2008 Memberships • EWRIS (European Federation of Steel Wire Rope Industries) Certificates and • CET (European Wire Manufacturers Committee) Memberships
Slide 14: Financials & Outlook
g8 CELIK HALAT elk halat ve tel sanayii as. Financials &- Outlook
Slide 15: Financial Highlights
Financial Highlights Revenues (TL mn) EBITDA (TL mn) § EBITDA Margin (%) 312 12.2% 225 10.2% 38 140 153 9.4% 7.4% 23 13 11 2015 2016 2017 2018 2015 2016 2017 2018 Net Income/(Loss) (TL mn) Net Debt (TL mn) 18 65 11 29 13 2 10 0.6 2015 2016 2017 2018 2015 2016 2017 2018 15
Slide 16: Exports constitute one-third of revenues
Exports constitute one-third of revenues Sales Volume (000 TONS) REVENUES BY PRODUCT REVENUE BREAKDOWN (2018) 60 2% 57 57 7% 27% 33% 39% 15% 40% 73% 67% 61% 36% 2016 2017 2018 2016 2017 2018 Prestressed Concrete Strand * Breakdown of gross revenues Steel Wire Rope Local Exports Spring Wire Galvanize
Slide 17: Share of export revenues on product basis 2018-2017
Share of export revenues on product basis 2018 -2017 80% 73% 69% 56% 17% 19% 11% 6% 0% 1% Prestressed Steel Wire Rope Spring Wire Galvanized Spring Others Concrete strand Wire 2017 2018 17
Slide 18: CELHA Stock Info & Dividend History
CELHA Stock Info & Dividend History as of March 11 , Market Data 2019 5.56 TL Net Income (TL mn) & Dividend Pay-out Ratio Share Price (1.02 US$ ) 54% 56% 92 mn TL 42% 49% MCap 18.4 (17 mn US$ ) 10.8 52 weeks low/high share price 9,45 TL / 4,86 TL 0% 7.8 2.1 Share Price perf. (year-to-date in TL) -7.
Slide 19: Why Çelik Halat?
Why Çelik Halat? Market-Leading Position; and well-known brand • Domestic leader with more than 55 years of experience & strong customer profile • Globally well-known brand with exports to more than 42 countries • Powerful brand that is also used as the generic name. • Establishment of Celik Halat N
Slide 20: Outlook: Commitment for growth and sustainable value creation
Outlook • Focus on maintaining sales volumes in main business lines Commitment • Growth in revenues owing to high value added sales mix, price improvement and currency impact for growth • Better operational performance expected with the and contribution of new investment sustainable • R&D division*,
Slide 21: FY18 Financial Review
CB cevik Havar FY78 FinancialReview
Slide 22: FY18 Results in Brief
FY18 Results in Brief REVENUES (TL MN) EBITDA (TL MN) +45% +39% +99% +66% 312 38 225 23 • Revenues increased by 39 % in FY18, yoy. • EBITDA increased by 66% yoy in FY18 to TL 38 mn. • Net income increased to TL 18 mn, vs. 11 mn in 2017 2018 2017 2018 FY17, thanks to stronger revenues and profitabili
Slide 23: Solid financial structure
Solid financial structure Summary Balance Sheet Chg Dec 31,2018 Dec 31,2017 (TL mn) YoY Current Assets 141.7 110.2 29% Non-Current Assets 64.8 40.1 62% Total Assets 206.6 150.4 37% Current Liabilities 143.4 100.9 42% Non-Current Liabilities 8.2 6.8 20% Equity 54.9 42.6 29% Total Liabilities 206.6 15
Slide 24: Income Statement
Income Statement Chg Summary Income Statement (TL mn) FY17 FY18 YoY Revenues 225.1 311.9 39% Cost of Sales (-) (187.1) (247.2) 32% Gross Profit 38.0 64.7 70% General Administrative Expenses (-) (8.7) (14.0) 62% Marketing Expenses (-) (9.4) (13.4) 42% R&D Expense (-) - (1.3) - Other Income From Opera
Slide 25: Disclaimer
CELIK HALAT celchalt ve tel sanayiiag CELIK HALAT ve TEL SANAYII AS ("Gelik Halat") has prepared this book (the “Book”) for the sole purpose of providing information relating to Celik Halat (the “Information” The contents of this Book is based on public information and on data provided by Celik Hala
Slide 26: Thank You
Thank You For Further Information E-mail: info@celikhalat.com.tr ÇELİK HALAT ve TEL SANAYİİ A.Ş. Ertuğrul Gazi Mahallesi Şehitler Cad. No:2 Kartepe, 41180 İZMİT / TÜRKİYE T: +90 262 371 12 80 www.celikhalat.com.tr 26
Çelik Halat ve Tel Sanayii A.Ş. — FY2018 Earnings Presentation on 6ix