Wendel Se · EURONEXT:MF
Wendel — Materis — Investor Day (December 2010)
13 slides from Wendel's investor day presentation, Dec 2, 2010
Slide 1: Materis Wendel Investor Day
Materis Wendel Investor Day 2 December 2010
Slide 2: Olivier Legrain, Chairman
MW) WENDEL Olivier Legrain Chairman
Slide 3: Company strengths profile
Materis Company strengths profile Leading position Management quality Barriers to entry Kerneos: Worldwide leader Experienced E i d managementt tteam True global T l b l market k t coverage (Kerneos) (K ) Chryso: N° 4 Worldwide, N°1 in France Proven track record of Innovative proprietary formulae (C
Slide 4: Key competitive advantages
Materis Key competitive advantages Market position Key competitive advantage Only player with a true global Aluminates Worldwide leader market coverage (products and countries) Innovative proprietary formulae N° 3 in Europe Admixtures N° 4 Worldwide Close relationship with clients (co- N° 1 in
Slide 5: Organization
Materis Organization Wendel Board Members Olivier M t Management Legrain CEO Bernard Gautier Georges Jean Arnaud Support Nordmann Curis Lay Jean-Michel Ropert Finances Strategy Legal Stéphane Bacquaert Business Divisions Chistian Eric Jean-Marc Richard René Patrick Bendahan Sacchetti Bergé Bianchi S
Slide 6: A very robust adjusted operating margin
Materis A very robust adjusted operating margin H1 2010 sales by region € m) ((€ H1 2009 FY 2009 H1 2010 Others Asia Pacific 6% Sales 860.7 1 703.5 925.3 10% Operating income(1) 94.0 184.9 101.5 Latin America 8% France As a % of sales 10.9% 10.9% 11.0% 48% North America 6% Net financial debt 1,820 1
Slide 7: Strong resilience during the crisis
Materis Strong resilience during the crisis A challenging market environment A strong resilience Strong decrease in residential A limited drop of revenues (-9%) ( 9%) construction and EBITDA (-12%) between 2008 ► Spain -87% between 2006 and 2009 and 2009, due to a resilient portfolio ► US -73% b
Slide 8: Growth countries, fuel for growth & profitability
Materis Growth countries, fuel for growth & profitability 2006 sales 2009 sales Emergents Emergents 15% CAGR: 21% - Emerging: +14% - Mature: -2% 2% Matures Matures 79% 85% 2006 EBITDA 2009 EBITDA Emergents 9% EBITDA margin: Emergents 21% - Emerging: g g +500bps p - Mature: -300bps Matures Matures 79
Slide 9: Action plans on growth countries
Materis Action plans on growth countries M k environment Market O action plans Our l Accelerate organic growth Growing economies through g geographic g g p coverage g ► Leverage geographic presence for both Chryso and ParexGroup High demand for new ► Addition of new local capacities housing ►
Slide 10: Growing with business adjacencies
Materis: Growing with business adjacencies a b e acquisition in South Africa a.b.e. F From Ch Chryso l d h leadership TTo Ch Chryso lleadership d hi in Admixtures in Construction Chemicals Waterproofing is the second largest Strengthening of Construction Chemicals market Chryso structure A pla
Slide 11: Aluminates development in China
Materis Aluminates development in China A ten years developing experience Tianjin plant greenfield project launched in 1998 Acquisition completed in 2005 and 2006 of 4 plants in Henan and Guizhou provinces 16% of Kerneos worldwide turnover realised in China now L d Leading market k position in
Slide 12: Channel development in growth countries: Parex Group
Materis Channel development in growth countries: Parex Group Red Flag project project, create leading network for waterproofing products in China Unique concept of dedicated small shops (close to 500 shops end-2009) Geomarketing to target city district and mapping More than one new shop each d
Slide 13: Long term growth story intact and reinforced
Materis Long term growth story intact and reinforced Positive long term drivers for the business Structural need for new housing Regular g increase of housingg stock to be renovated Increased renovation driven by new energy savings standards Continuous evolution of product mix driven by dema