Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q4 2019 Earnings Presentation
35 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, 2020
Slide 1: Investor Presentation 2019 Q4
INVESTOR PRESENTATION 2019 Q4
Slide 2: Disclaimer
MeO Disclaimer The information and opinions contained in this document have been compiled by Cimsa Cimento Sanayi ve Ticaret AS. (“CIMSA’) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or co
Slide 3: Market Overview
Market Overview Turkish Cement Market wwweimsacomtr 5
Slide 4: Turkish Cement Market
cimOQ Turkish Cement Market Decrease in cement consumption in 2019 is - 29.4% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 GDP growth in 2019 is 0,9% 21.7% -#- Domestic Cement Consumotion Growth 11,1% 16,0%® vege on ’ rN 94% g.4% O\ age 91%" / wl 2% 10.2% 9,9% a 69% 85% 9 \
Slide 5: Turkish Cement Market
Turkish Cement Market 98 Mt 70 Mt
Slide 6: Turkish Cement Market
cim Turkish Cement Market Sabanci Cement Group is the leader of Turkish cement market with 16% market share based on clinker capacity 17% 13% 8% 8% 8%
Slide 7: Global White Cement Market
Global White Cement Market ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook, BCG
Slide 8: Global White Cement Market
Global White Cement Market ▪ ▪ : CW Global White Cement Report, OneStone Research White Cement Outlook, BCG
Slide 9: Overview of Cimsa
Overview of Cimsa wwwelmsacomtr
Slide 10: Çimsa Cement – History and Development
Çimsa Cement – History and Development ▪ ▪
Slide 11: Strategy Roadmap
Strategy Roadmap • • • • • • • • • • Transformation & Big Data Analytics Management, Cultural Transformation and Building Next Generation Çimsa Sustainability
Slide 12: Çimsa Grey – A solid Network
Çimsa Grey – A solid Network 6.2 Mt ANKARA ESKİŞEHİR AFYON KAYSERİ MALATYA NİĞDE MERSİN 1.6 Mt
Slide 13: Çimsa Grey – Operational Excellence
Çimsa Grey – Operational Excellence ▪
Slide 14: Çimsa Grey – Strong Export Capabilities
Çimsa Grey – Strong Export Capabilities
Slide 15: Çimsa White – Main Application Areas
Çimsa White – Main Application Areas
Slide 16: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪
Slide 17: Çimsa White – Market Positioning
Çimsa White – Market Positioning ▪ ▪ ▪ 1
Slide 18: Çimsa White - Overview of the Bunol Transaction
Çimsa White - Overview of the Bunol Transaction Cantabria Asturias País Galicia Vasco Foral de Navarra • La Castilla y Rioja León • Aragón Cataluña Madrid Extremadura Castilla-La Valenciana Mancha • Buñol Murcia • Andalucía
Slide 19: Special Products – Çimsa Aluminates family
Special Products – Çimsa Aluminates family ▪ ▪ ▪ ▪
Slide 20: Special Products – Calcium Alimunate Cement
Special Products – Calcium Alimunate Cement
Slide 21: Çimsa’s Sustainability Milestones
Çimsa’s Sustainability Milestones • • • • • • • • • •
Slide 22: Sustainability Governance at Çimsa
Sustainability Governance at Çimsa
Slide 23: Sustainability at Afyon Cement
Sustainability at Afyon Cement • • • •
Slide 24: The Future for Çimsa’s Business
The Future for Çimsa’s Business
Slide 25: Operational Results
Operational Results
Slide 26: Operational Result
cim@® Operational Result Challenging market conditions, slowdown in infrastructural projects suppressed topline. Q4- 18 | Q4- 19 [ERARSE 5518 ye | 2019 ve |CMange % % 826 960 Grey clinker production (kton) White clinker 201 308 production (kton) Gi & clink rey cement & clinker! 4 45 1264 sales (kton
Slide 27: Operational Results*
Operational Results* *Çimsa Turkey Sales
Slide 28: Operational Result – Grey Clinker Cost Structure
Operational Result – Grey Clinker Cost Structure -33%
Slide 29: Financial Results
Financial Results
Slide 30: Financial Result
Financial Result DEC 2018 DEC 2019 Change Key Financial Highlights (MTL) Q4-18 Q4-19 Change % YTD YTD %
Slide 31: Financial Result
Financial Result YE Cash: 202 MTL YE Cash: 267 MTL
Slide 32: Financial Result
cim Financial Result Net working capital’/ Net Sales was at 21% for 2019, decreased from 287 “13 month average Y Optimization of production to managing inventory levels. ¥ Strong overdue rece} able management v¥ Payment term negotiations with suppliers Working Capital 383 329 292 219 2016 2017 2018
Slide 33: Balance Sheet
cim@® Balance Sheet Cash and cash equivalents 267 202 Borrowings 880 1.029 Trade receivables 461 435 Other receivables 3 2 radeIpayabics) BES 296 Derivative financial instruments 7 23 Derivative financial liabilities 7 42 (asnakeueS ues ues Deferred income 24 15 Other current assets 120 . a reurr Cu
Slide 34: Income Statement
cim@® Income Statement Se Sales 1.726 1.700 39: Cost of sales (-) 1.422 21.294 -370 341 GROSS PROFIT 304 406 n 54 General and administrative expense (-) “154 -109 “51 37 Marketing, selling and distribution expense (-) “15 14 3 4 Research and development expense (-) 6 4 3 a Other operating income 128
Slide 35: Cash Flow
cim@® — Cash Flow es ree eee [A. CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation ‘Adjustments to reconcile nt profiles fr the period Changes in working capital ‘Short term trade recehables| Inventories (other recehables/currentassets/prepaid expenses Long-term trade recehables Other long
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q4 2019 Earnings Presentation on 6ix