Alumil Rom Industry Sa · BVB:ALU
Alumil Rom Industry Sa — IPO Roadshow (December 2006)
25 slides from Alumil Rom Industry Sa's IPO roadshow presentation, December 2006
Slide 1: Alumil Rom Industry Corporate presentation
ALPHA FINANCE ROMANIA ALUMIL ROM INDUSTRY Corporate presentation December 2006
Slide 2: Disclaimer
Disclaimer This document has been prepared by Alumil Rom Industry (“Alumil”) solely for use at the financial analysts presentation held in connection with the proposed Initial Public Offering (“IPO”) of Alumil, and it is not to be reproduced or circulated to any person other than to whom it has been
Slide 3: The IPO summary
ALPHA FINANCE ROMANIA The IPO summary
Slide 4: The IPO summary
The IPO summary Offer size will rank among • Shares offered: 6,250,000 new shares (+25% pre-IPO); the Top 5 largest IPOs • IPO share price: RON 4.60 launched in Romania, rendering ALUMIL a • IPO value: RON 28.75m (c. €8.4m) potential target for both retail and institutional • IPO period: 8-18 Decemb
Slide 5: Introduction to Alumil Rom Industry
ALPHA FINANCE ROMANIA Introduction to Alumil Rom Industry
Slide 6: Introduction to Alumil Rom Industry
Introduction to Alumil Rom Industry Alumil Rom Industry is the • Full range of aluminium profiles largest aluminium profile processor/distributor in – Integrated aluminium profile systems Romania – industrial profiles – composite panels (J-Bond) – polycarbonate sheets – automation systems – interior
Slide 7: Fast growth path and shareholding structure
Introduction to Alumil Rom Industry Fast growth path and a • 1997-1998 – Establishment of Alumil Rom Industry strong market penetration • 1999 – Establishment of Alumil Extrusion and the commissioning of the first line for assembling thermal break profiles (capacity of 3,000t, investment of €0.8m) •
Slide 8: Main activities
Main activities Processing activity is • Bucharest site (Alumil Rom Industry) carried out in two main – Processing: profile painting locations – Distribution; • Filipesti site (Alumil Extrusion, 100% owned by Alumil Rom Industry) – Processing: thermal break profiles Volume sales of aluminium profile
Slide 9: Distribution network
Distribution network Alumil presence in Romania and Moldavia Leading nation-wide network 1 Bucuresti 13 Ploiesti 6 14 23 Chisina u 2 Galati 14 Suceava 3 Cluj 15 Buzau 4 Iasi 16 Craiova 20 4 5 Slatina 17 Constanta 6 Baia mare 18 Tg Jiu 3 7 Timisoara 19 Sibiu 10 11 8 Brasov 20 Bistrita 9 Alba iulia 21
Slide 10: Investment program
ALPHA FINANCE ROMANIA Investment program
Slide 11: Investment program
Investment program 1999-2004 period • Bucharest (€ 6m) – Powder coating unit – Complementary products unit • Filipesti unit – Thermal brake unit • Throughout Romania – The largest warehouses network (23 cities) 2006-2009 period • Filipesti: (€ 7m) – A state-of-the-art 10.000 m2 logistics center (€3m
Slide 12: Financials
ALPHA FINANCE ROMANIA Financials
Slide 13: IFRS Financials (pro forma consolidated)
IFRS Financials (pro forma consolidated) Alumil Extrusion was Financials – RON terms legally consolidated only since October 2005, but IFRS financials reflect “as if (RON m.) 2003 2004 2005 2006e consolidated since 2003”. Turnover 63.0 74.1 84.5 94.6 EBITDA 15.5 18.0 17.6 18.6 EBIT 13.5 15.5 15.3 16
Slide 14: IFRS Financials (consolidated, in RONm)
IFRS Financials (consolidated, in RONm) Steady revenue growth Revenues (RONm) EBITDA (RONm) and margin coupled with natural declining margins given 120 20 40% increasing competition and 18 36% 100 significant aluminium price 16 32% 14 28% increase 80 12 24% 10 20% 60 8 16% 40 6 12% 4 8% 20 2 4% 0 0%
Slide 15: IFRS Financials (consolidated, in EURm)
IFRS Financials (consolidated, in EURm) Steady revenue growth Revenues (EURm) EBITDA (EURm) and margin coupled with natural declining margins given 30 5.0 40% 4.5 36% increasing competition and 25 4.0 32% significant aluminium price 3.5 28% increase 20 3.0 24% 15 2.5 20% 2.0 16% 10 1.5 12% 1.0 8% 5
Slide 16: Return ratios: ROE, ROCE, ROA
IFRS Financials (consolidated, in EURm) Strong return ratios, well ROE ROCE above minimum levels 50% 50% required by investors 45% 45% 40% 40% 35% 35% 30% 30% 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% 2003 2004 2005 2006e 2003 2004 2005 2006e ROA 25% 20% 15% 10% 5% 0% 2003 2004 2005 2006e Source:
Slide 17: The Romanian aluminium profiles sector
ALPHA FINANCE ROMANIA The Romanian aluminium profiles sector
Slide 18: The Romanian aluminium market
The Romanian aluminium market Alumil is by far the largest Top players on the Romanian Al profile market, 2005 Structure of the profiles market, 2005 player in the Romanian 0% 10% 20% 30% 40% Other, aluminium profiles market 1.6% Alumil Balkan/Prof ilco A lum., Bi-Al 29.3% Schuco Exalco Metra Also E
Slide 19: The Romanian economy
ALPHA FINANCE ROMANIA The Romanian economy
Slide 20: The Romanian economy
The Romanian economy The Romanian economy Main macroeconomic data has grown on average by Indicator 2003 2004 2005 2006e 5%/year since 2001. GDP growth 5.2% 8.4% 4.1% 6.0% Recently confirmed EU CPI - annual average 15.3% 11.9% 9.0% 7.7% accession in 2007 to open CPI - Dec/Dec 14.1% 9.3% 8.6% 6.0% wa
Slide 21: The parent company – Alumil (Greece)
ALPHA FINANCE ROMANIA The parent company – Alumil (Greece)
Slide 22: The Alumil Group – brief profile
The Alumil Group – brief profile Among the largest private • Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange; European groups in • 25 subsidiaries, 19 spread in Europe and Africa; over 2,000 employees; aluminium extrusion (aluminium profiles) • 13 Production
Slide 23: Appendix
ALPHA FINANCE ROMANIA Appendix
Slide 24: Landmark projects
ALumMil Landmark projects
Slide 25: Contacts
Contacts Alumil Rom Industry Calea Rahovei nr. 286A, Sect. 5, Bucharest, Romania Tel: +40 21 424-3456; Fax: +40 21 423-3932; E-mail: [email protected] , [email protected] www.alumil.ro Key contact persons: Mr. Michail Sotiriou - President & CEO, Mr. C. Balasca - Financial Dir., Mr. M. Ionita – Ope