Lenzing Ag · VIE:LNZ

Lenzing — FY2015 Earnings Presentation

15 slides from Lenzing's earnings presentation, Mar 23, 2016

  1. Slide 1: Leading Fiber Innovation

    Leading Fiber Innovation Press Conference – Annual Results 2015 Vienna, March 23, 2016

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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.

  15. Slide 15: Thank you for your attention!

    Thank you for your attention!

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