Viohalco Sa/nv · ATHEX:VIO
Viohalco Sa/nv — Investor Presentation (July 2016)
51 slides from Viohalco Sa/nv's investor presentation, July 2016
Slide 1: Corporate presentation
VIORALCO Corporate presentation
Slide 2: Our Company
Our Company Viohalco S.A. is a listed company (Euronext, Athens Exchange: VIO) based in Brussels, Belgium, and is the holding company of leading metal processing companies across Europe. With production facilities in Greece, Bulgaria, Romania, Russia, FYROM, Australia and the United Kingdom, Viohalc
Slide 3: Long-term performance
Long-term performance Consolidated revenue EUR mil. 3,763 3,683 3,536 3,274 3,317 3,275 2,958 2,943 2,885 2,331 2,298 2,154 CAGR 1,508 1,549 6,2% 1,323 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Notes 3 • 2005-2011 Viohalco – Hellenic Financials • 2012 Viohalco SA Fin
Slide 4: 2015 financial highlights
2015 financial highlights Revenue • Revenue up 11.3% to EUR 3,275 million, compared to EUR 2,943 million in 2014, due to higher sales volumes in all 3,763 EUR mil. business segments with the exception of steel, improved 3,536 3,317 3,275 product mix and higher aluminium prices, partially offset by 2
Slide 5: Recent companies’ news
Recent companies’ news Aluminium Copper Steel Pipes Steel Cables Real estate Acquisition of Contract award by New contract for Spin-off of the industrial and Cross-border Start of operations Reynolds European the Trans Adriatic the cable commercial activities of the merger by of Mare West, the SA’s
Slide 6: 1. Aluminium
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 7: Aluminium
Aluminium The companies of Viohalco’s aluminium segment offer a variety of aluminium products, including coils, strips, sheets and foil for numerous applications, coils for lithographic printing, as well as architectural and industrial aluminium profiles. The aluminium segment is actively involved i
Slide 8: Aluminium at a glance
Aluminium at a glance Aluminium processing 1. Medium size – flexible independent supplier. Production capability for wide coils (up to 2.5 m) and long slabs (8m) resulting in 2. low production cost. State-of-the-art key equipment 3. Quality compatible with the highest market standards. 4. Significan
Slide 9: Aluminium production plants
Aluminium production plants Production facilities in Greece, the United Kingdom and Bulgaria BRIDGNORTH ELVAL ETEM BULGARIA ALUMINIUM (Oinofyta - Greece) (Sofia - Bulgaria) (Bridgnorth - UK) Aluminium rolling plant: Aluminium rolling plant: Aluminium extrusion plant: 486,000 sqm 268,400 sqm 125,000
Slide 10: Aluminium product portfolio: rolled products
Aluminium product portfolio Product line – rolled products Facades (Etalbond ®, Beverage cans, Household foil, Shipbuilding & ELVAL ENF), gutters food cans & closures cigarette packing, marine applications, (Ydoral), roller confectionary trucks & trains shutters, roofing, packaging, frozen wall clad
Slide 11: Aluminium product portfolio: rolled products
Aluminium product portfolio Product line – rolled products Water heaters, Litho coils for Heat exchangers fridges,cookware printing units (brazing), components, insulation Household appliances Litho coils (sheets and coils) Automotive (sheet, coils) 11
Slide 12: Aluminium product portfolio: extrusion products
Aluminium product portfolio Product line – extrusion products Aluminium systems Profiles for special for all types of doors applications, and shutters, industrial profiles for roller shutters, automotive venetian blinds, etc. applications, etc. Architectural Industrial profiles profiles 12
Slide 13: Aluminium: 2015 highlights
Aluminium: 2015 highlights Segment overview • Revenue increased by 8% to EUR 1,133 million, versus EUR 1,052 million in 2014, largely driven by higher conversion prices, metal premiums, a 6.5% increase in the price of primary aluminium and a volume increase of 1.5%. • Profit before income tax amount
Slide 14: 2. Copper
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 15: Copper
Copper Viohalco is active in the copper industry through Halcor S.A. and its subsidiaries, Sofia Med S.A. in Bulgaria, Fitco S.A. in Greece and through a recently established Joint Venture in Turkey. Through a wide product portfolio which primarily comprises copper and brass tubes, copper and titani
Slide 16: Copper overview: production plants
Copper overview Production plants 2 plants in Greece 1 plant in Bulgaria 1 plant in Greece 75 kMT /y 100 kMT /y copper & 40 kMT /y Copper tubes brass rolled products brass bars & tubes 25 kMT /y copper & brass extruded products 30 kMT /y ZnTi sheets & coils Certifications: Certifications:
Slide 17: Copper product portfolio
Copper product portfolio Fabricator of diverse metal products Category Products Applications Water supply, heating, heating (pre-insulated), Copper refrigeration, natural gas, medical use, cooling, solar tubes energy and various industrial applications Rolled • Construction (roofing, gutters), elect
Slide 18: Copper: 2015 highlights
Copper : 2015 highlights Segment overview • Revenue in 2015 increased by 13% to EUR 783 million compared to EUR 695 million in 2014, largely attributable to an improved product mix (i.e. copper tubes sales increased by 14,5%) and a 1.5% increase in sales volumes, despite a 4.2% decline in the price
Slide 19: 3. Cables
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 20: Cables
Cables Hellenic Cables is a subsidiary of Halcor, which is separately listed on the Athens Exchange. Its product range consists of high and extra high voltage power transmission cables, submarine power and telecommunication cables, power distribution cables, building network cables, data and signall
Slide 21: Cables production plants
Cables production plants Main production plants THIVA, GREECE LIVADIA, GREECE BUCHAREST, ROMANIA OINOFYTA, GREECE CORINTH, GREECE Enamelled wire Cable plant Cable plant Compound plant Cable plant plant Total Area: Total Area: Total Area: Total Area: Total Area: 175,082 sqm 121,818 sqm 267,789 sqm 21
Slide 22: Cables product portfolio
Cables product portfolio The largest cable producer in SE Europe Power cables Submarine cables Telecom cables Enamelled wires Compounds Installation & • MV submarine cables building cables • Paper Telecommunication Enamelled wires for Compounds Insulated network cables transformers for cables
Slide 23: Cables product portfolio: high added-value products
Cables product portfolio High added-value products Specialised cables requiring both capital investment Submarine and know-how to produce cables Limited supply, thus high margins Increased demand for power grid expansion projects and off-shore wind parks Require know-how and references (inst
Slide 24: Cables product portfolio: diversified product and customer mix
Cables product portfolio Diversified product and customer mix Power and telecom cables, as well as enameled wires Wide product Specialized products for niche markets, such as high range voltage and extra high voltage cables, oil and gas cables, solar cables, and marine cables Turnkey projects
Slide 25: Cables: 2015 highlights
Cables : 2015 highlights Segment overview • Revenue in 2015 increased by 37% year-on-year to EUR 447 million, versus EUR 327 million in 2014. The increase in revenue generated by the segment, is attributable to higher sales volume, as well as the execution of two significant submarine cable projects
Slide 26: 4. Steel
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 27: Steel
Steel Sidenor, Stomana Industry and their subsidiaries constitute the steel production and trading segment of Viohalco. Sidenor is the largest Greek steel producer holding a leading position in Greece and the Balkans; its subsidiaries deal in the production, manufacture and sales of steel products.
Slide 28: Steel product portfolio
Steel product portfolio Attractive & diversified product portfolio that reduces volatility Greek steel operations Balkan steel operations 28
Slide 29: Steel plants in Greece
Steel plants in Greece THESSALONIKI, GREECE Meltshop – (1991) (1) 800 kMT/y M/R Long product mill – (1998-99) (1) Thessaloniki 800 kMT/y (3) Mesh 40 kMT/y GREECE M/R Land approx. 441 K sq.m. Covered area approx. 75 K sq.m. Athens ALMYROS, GREECE Meltshop – (2001) (2) 1,350 kMT/y Long product mill –
Slide 30: Steel plants in Bulgaria & FYROM
Steel plants in Bulgaria & FYROM M/R Meltshop /Rolling mill R Rolling mill M/R BULGARIA Sofia Skopje FYROM R PERNIK, BULGARIA DOJRAN, FYROM Meltshop – (2002-3) (2) Rolling mill – (2006) (2) 1,400 kMT/y 200 kMT/y Plate mill – (2003-4) (2) Mesh 20 kMT/y 400 kMT/y Lattice girders Long product mill 1,00
Slide 31: Steel logistics network
Steel logistics network Distribution network SLOVENIA Sidenor’s logistics centres provide all means of Zagreb transportation: ROMANIA Ljubljana Belgrade CROATIA BOSNIA-HERZEGOVINA Bucharest SERBIA Sarajevo Truck Ship Rail BULGARIA MONTENEGRO Sofia KOSOVO New planned logistics centres will further en
Slide 32: Steel projects in the Balkans
Steel projects in the Balkans METROPOLITAN CENTER SOFIA SUBWAY - BULGARIA CET BUDAPEST - HUNGARY BUCHAREST - ROMANIA KRINKAL BRIDGE - SLOVENIA HYGEIA HOSPITAL, STADIUM - SLOVENIA TIRANA - ALBANIA BUSINESS CENTER CVOR OREHOVICA GRUZANSKOM BRIDGE TIRANA - ALBANIA RIJEKA - CROATIA JEZERU - SERBIA LARNA
Slide 33: Steel: 2015 highlights
Steel: 2015 highlights Segment overview • Revenue in 2015 decreased by 11% year-on-year to EUR 573 million. Loss before income tax amounted to EUR 68 million compared to a loss of EUR 47 million in 2014. • Despite unfavourable economic conditions in Greece and abroad, during 2015, Sidenor Steel Indu
Slide 34: 5. Steel pipes
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 35: Steel pipes
Steel pipes Corinth Pipeworks represents Viohalco’s steel pipes segment and is separately listed on the Athens Exchange. With industrial plants in Greece and Russia, and substantial experience in the implementation of demanding projects worldwide, Corinth Pipeworks Group is a supplier of choice for
Slide 36: Steel pipes’ production and port facilities
Steel pipes’ production and port facilities At the forefront of energy sector new trends 36
Slide 37: Managing large-scale projects
Worldwide experience in managing big projects Managing large-scale projects Half a century in managing big projects ~4Km of our pipes are installed every day somewhere in the world* Europe ~3.500Km* CIS & Asia CUSTOMERS ~250Km* GDF, Snam Rete Gas, Dow Chemical, RWE, OMV, Plinacro, Enagas, CUSTOMERS
Slide 38: Delivering energy to the future
Delivering energy to the… future Delivering energy to the future 2015-2016 contracts Trans Adriatic Pipeline AG (TAP) awarded to CPW 495Km of 48” onshore pipeline (270.000Tn) Realization 2016 - 2017 Energy Transfer Partners 4 major U.S. projects of Rover pipeline Dakota access pipeline – DAPL 200.00
Slide 39: Region of interest worldwide (offshore – onshore)
Region of interest worldwide (offshore – onshore) Deeper waters and heavier pipes Offshore development or sour service conditions projects North Sea West Africa Gulf of Mexico Brazil South East Europe Middle East Caspian region USA East Africa Canada Markets where LSAW is preferred Libya Egypt Iraq
Slide 40: Major prospective projects in our region
Major prospective projects in our region 1.TAP 4.Turkish Stream Onshore: 755km Offshore: 110 km Offshore: 910 km (4 lines) Capacity: 10 bcm 5 Onshore: 180km in Turkey Total quantity of steel pipes Capacity: 63 bcm (onshore): 443,000MT 6.Eastring 2.IGB 2X27bcm Onshore: 1,274Km Onshore: 183km Capacity
Slide 41: Steel pipes: 2015 highlights
Steel pipes: 2015 highlights Segment overview • Revenue increased by 66% year-on-year to EUR 288 million in 2015, compared to EUR 174 million during 2014. Profit before income tax amounted to EUR 13 million, versus losses of EUR 8 million during 2014. Despite the postponement of a number of energy p
Slide 42: 6. Real estate
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 43: Real estate
Real estate Viohalco owns and manages a significant portfolio of commercial real estate assets, mainly through its subsidiary Noval. The most important properties are located in Greece (in Athens, Thessaloniki, Piraeus, Aspropyrgos, Corinth) and Bulgaria and include, among others, office complexes,
Slide 44: Key real estate assets
Real estate Key real estate assets Property Karaiskaki Sq., Athens Property 96, Kifissos Ave., Property MARE WEST Athens (CORINTH PIPEWORKS former Owner XENKA SA (100% Owner VIOHALCO SA plant) subsidiary of NOVAL SA) Use of property River West - Ikea Owner CORINTH RETAIL PARK SA Use of Hotel Shoppin
Slide 45: Key real estate assets
Real estate Key real estate assets Property 115, Kifissias Ave., Property 57, Ethnikis Antistasseos Property 252, Pireos Str., Athens Ampelokipi, Athens street, Halandri, Athens Owner VIOHALCO SA Owner SANITAS SA (100% Owner NOVAL SA subsidiary of NOVAL SA) Use of Industrial buildings, property ware
Slide 46: 7. Technology and R&D
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 47: Technology and R&D
Technology and R&D Viohalco’s portfolio includes research and development (R&D) companies which focus on new and high value added products, efficient solutions for the optimisation of industrial and business processes, research into the environmental performance of plants and impact assessment of su
Slide 48: 8. Recycling
1. Aluminium 2. Copper 3. Cables 4. Steel 5. Steel pipes 6. Real estate 7. Technology and R&D 8. Recycling
Slide 49: Recycling
Recycling Viohalco’s recycling segment trades and processes secondary raw materials, undertakes waste management, environmental operations, and provides services to consumers and corporate companies. Recycling is one of Viohalco’s most rapidly developing segments. It was formed as the outcome of Vio
Slide 50: Disclaimer
Disclaimer This document has been prepared by VIOHALCO SA (the “Company”) for use at this presentation. The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fa
Slide 51: Viohalco
VIORALCO