Lenzing Ag · VIE:LNZ
Lenzing — FY2015 Earnings Presentation
15 slides from Lenzing's earnings presentation, Mar 23, 2016
Slide 1: Leading Fiber Innovation
Leading Fiber Innovation Press Conference – Annual Results 2015 Vienna, March 23, 2016
Slide 2: 2015 – Promised and delivered
2015 – Promised and delivered Strong operational performance, healthy balance sheet structure Strong operational performance Revenue in EUR mn Group revenue up 6.0% to EUR 1,977 mn 1,976.8 1,864.2 EBITDA increased by +20.7% to EUR 290.1 mn Turnaround in the net profit for the year to EUR 124
Slide 3: Management focus in 2015
Management focus in 2015 Organizational and strategic realignment Finalization of company„s focus on its core business Disposal of Dolan GmbH and European Carbon Fiber GmbH Sale of three Lenzing Technik business units excelLENZ Programm successfully concluded New strategy sCore TEN: Focus
Slide 4: sCore TEN objectives up to 2020: Lenzing well on track
sCore TEN objectives up to 2020: Lenzing well on track 2014 2015 Targets to 2020 EUR 240.3 mn EUR 290.1 mn EBITDA: plus 10% p.a. base year +20.7% ROCE: -0.1% 8.0% ≥10% Net financial debt/ 1.9 1.1 <2.5 EBITDA: Revenue share of 35.0% 40.5% 50% specialty fibers 18.04.2016 - 4
Slide 5: Fiber price development
Fiber price development Staple fiber prices - Development in China USD/kg 5,5 4,5 3,5 Viscose 2,5 Cotton Polyester 1,5 0,5 01/2010 01/2011 01/2012 01/2013 01/2014 01/2015 01/2016 Source: CCFG, Cotton Outlook 18.04.2016 - 5
Slide 6: Sustained good demand for Lenzing's fibers
Sustained good demand for Lenzing„s fibers Customer intimacy Celebrating Lenzing Modal® (50 years) and MicroModal® (25 years) Opening of Technical Customer Service lab in Hong Kong Marketing and Branding: 403 brand cooperations TENCEL® success story: versatile, smooth, eco-friendly – the c
Slide 7: TENCEL co-branded wipes available in Europe
TENCEL® co-branded wipes available in Europe Variety range of products For both men and women Convenience Handy packaging 100% bio-degradable 18.04.2016 - 7
Slide 8: Selected income statement items
Selected income statement items Revenue: Selling price increased, (EUR mn) 2015 2014 Change improved product mix, positive exchange rate effects Revenue 1,976.8 1,864.2 6.0% Cost of material and purchased Cost of material and purchased services 1,218.3 1,199.2 1.6% services: first-time full-year
Slide 9: Revenue development in detail
Revenue development in detail Share of specialty fibers increased to 40.5% in 2015 Revenue Higher share of revenue generated by specialty fibers1 EUR mn 2014 2015 2,140.0 +6.0% 2,090.4 12.5 19.0 1,976.8 46.0 47.0 35.0 40.5 1,908.9 1,864.2 Standard fibers Standard fibers Specialty fibers Specialty fi
Slide 10: Profitable growth
Profitable growth Higher operating results and improved margins compared to 2014 EBITDA and EBITDA margin EBIT and EBIT margin 600 EUR mn 400,0 364.0 500 480.3 350,0 300,0 400 352.4 250,0 231.5 300 290.1 200,0 225.4 240.3 151.1 200 150,0 100,0 86.4 100 50,0 21.9 0 0,0 2011 2012 2013 2014 2015 2011 2
Slide 11: Healthy balance sheet structure
Healthy balance sheet structure Adjusted equity ratio at the highest level since 2006 Net financial debt Adjusted equity and adjusted equity ratio EUR mn 1.250,0 504.7 1,226.4 449.5 1.200,0 1,153.1 346.3 327.9 1.150,0 1,109.6 1.100,0 1,066.1 1,048.1 153.3 1.050,0 1.000,0 950,0 2011 2012 2013 2014 20
Slide 12: Improved free cash flow
Improved free cash flow Increase in liquid assets Free cash flow Liquid assets EUR mn 528.8 499.6 +26.8% +26.2% 355.3 145.0 296.0 280.3 119.2 114.8 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 -109.1 -163.9 18.04.2016 - 12
Slide 13: Outlook 2016
Outlook 2016 The volatile development prevailing on the global fiber market is expected to continue. High cotton inventories and low polyester selling prices intensify price competition on the market i.e. inter-fiber competition. However, the market segment of wood-based cellulose fibers, which is o
Slide 14: 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 15: Thank you for your attention!
Thank you for your attention!