Viohalco Sa/nv · ATHEX:VIO
Viohalco Sa/nv — Investor Presentation (January 2016)
45 slides from Viohalco Sa/nv's investor presentation, January 2016
Slide 1: Corporate presentation
VIORALCO Corporate presentation
Slide 2: 1. Viohalco
1. Viohalco 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate
Slide 3: Our Company
Our Company Viohalco, a publicly traded company (Euronext Brussels and Athens Exchange: VIO) based in Brussels, Belgium, is the holding company of various metal processing companies in Europe. With production facilities in Greece, Bulgaria, Romania, Russia, FYROM, the United Kingdom and Australia, V
Slide 4: Long-term performance
Long-term performance Consolidated revenue EUR mil. 3,763 3,683 3,536 3,274 3,317 2,958 2,885 2,943 2,331 2,298 2,154 1,549 1,323 1,508 CAGR 5.8% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 4 Notes • 2005-2011 Viohalco – Hellenic Financials • 2012 Viohalco SA Financials on
Slide 5: 2014 financial highlights
2014 financial highlights Revenue • Revenue up 2% to EUR 2,943 mil., mainly driven by increased sales volumes 3,763 EUR mil. 3,536 • Significant improvement in EBIT to EUR 4 mil. 3,317 2,958 2,885 2,943 • Loss before income tax of EUR 90 mil., compared to a loss of 2,298 EUR 192 mil. in 2013 • Loss
Slide 6: Recent companies' developments
Recent companies’ developments Integration in The cross-border Start of Halcor’s commercial merger by absorption of operations of Sidenor Holdings S.A. by activities of the Mare West, Viohalco S.A. was Reynolds European concluded on 22 July the new retail SAs copper business 2015 park in Corinth, Aw
Slide 7: 2. Aluminium
1. Viohalco 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate
Slide 8: Aluminium
Aluminium Elval is actively engaged in the processing, manufacturing and trading of flat rolled and extruded aluminium products, addressing the complex needs of a highly demanding portfolio of multinational clients in various industrial sectors. With state-of-the-art production facilities in Greece,
Slide 9: Aluminium operations at a glance
Aluminium operations at a glance Strong global position 12 production facilities in Greece, Bulgaria and the United Kingdom Presence in 90 countries The largest Greek aluminium processor, active in the manufacturing and trading of flat rolled & extruded products 9 Active business Significant associa
Slide 10: Aluminium operations at a glance
Aluminium operations 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.
Slide 11: 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 12: 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 13: 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) 13
Slide 14: 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 14
Slide 15: Aluminium: 2014 highlights
Aluminium: 2014 highlights Segment overview • Rolling business remains profitable • Restructuring process initiated during 2014, aimed at offering complete solutions to customers, especially in architectural applications 2014 2013 in EUR mil. Financial highlights Revenue 1,060 1,009 • Revenue increa
Slide 16: 3. Copper & cables
1. Viohalco 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate
Slide 17: Copper & cables
Copper & cables Halcor and its subsidiaries are active in the production of a wide range of copper and copper alloy solutions that span from copper and brass tubes, copper strips, sheets and plates to copper bus bars and rods. Hellenic Cables, a subsidiary of Halcor, engages in the manufacturing of
Slide 18: Copper & cables at a glance
Copper & cables at a glance Copper Leading position in the Greek market for copper & brass products Exports to over Manufacturing facilities in Greece, Bulgaria 80 countries and Romania 11 large warehouses in the Balkans, Germany, Italy and France Cables Largest cable Ability to Majority of revenue
Slide 19: Copper & cables overview: Production plants
Copper & cables overview Production plants 4 plants in Greece 2 plants in Greece 1 in Romania 1 plant in Bulgaria 1 plant in Greece 1 in Bulgaria 75 kMT /y 100 kMT /y copper & 40 kMT /y Copper tubes brass rolled products brass bars & tubes 160 kMT/y cables, 25 kMT /y copper & 120 kMT/y c
Slide 20: 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 21: Cables production plants
Cables production plants Main production plants THIVA, GREECE LIVADIA, GREECE BUCHAREST, ROMANIA OINOFYTA, GREECE CORINTH, GREECE Enameled 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 Enameled wires Compounds Installation & • MV submarine cables building cables • Paper Telecommunication Enameled wires for Compounds Insulated network cables transformers for cables In
Slide 23: Cables product portfolio: high added-value products
Cables product portfolio High added-value products Specialised cables requiring both capital investment and know-how to produce Submarine Limited supply, thus high margins cables 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 Specialized products for niche markets, such as high Wide product voltage and extra high voltage cables, oil and gas range cables, solar cables, and marine cables Turnkey projects
Slide 25: Copper & cables: 2014 highlights
Copper & cables: 2014 highlights Segment overview • Lower copper prices compared to 2013 and a modest recovery of production activity in the Eurozone resulted in subdued consumption and intensified competition in 2014 • Continued improvement in economic conditions in the US and the UK led to an incr
Slide 26: 4. Steel & steel pipes
1. Viohalco 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate
Slide 27: Steel & steel pipes
Steel & steel pipes Sidenor is a leading steel producer in Greece and SE Europe with strong position and expanding business via large investments and expansion of sales network. Corinth Pipeworks is amongst the world leading steel pipe manufacturers for the oil and gas industry and a major hollow se
Slide 28: Steel & steel pipes at a glance
Steel & steel pipes at a glance Steel The largest long products steel producer in South Eastern Europe Worldwide sales network with a leading position in Greece Amongst the Steel pipes world’s largest and most advanced Major hollow steel pipe section supplier producers for the of the construction oi
Slide 29: Steel product portfolio
Steel product portfolio Attractive & diversified product portfolio that reduces volatility Greek steel operations Balkan steel operations Pipes, tubes & hollow sections business 29
Slide 30: 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 Land approx. 441 K sq.m. M/R Covered area approx. 75 K sq.m. Athens ALMYROS, GREECE Meltshop – (2001) (2) 1,350 kMT/y Long product mill –
Slide 31: Steel plants in Bulgaria & FYROM
Steel plants in Bulgaria & FYROM M/R Meltshop /Rolling mill R Rolling mill BULGARIA M/R 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 32: 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 33: Steel projects in the Balkans
Steel projects in the Balkans METROPOLITAN CENTER SOFIA SUBWAY - BULGARIA CET BUDAPEST - HUNGARY BUCHAREST - ROMANIA KRINKAL BRIDGE - SLOVENIA STADIUM - SLOVENIA HYGEIA HOSPITAL, TIRANA - ALBANIA BUSINESS CENTER CVOR OREHOVICA GRUZANSKOM BRIDGE TIRANA - ALBANIA RIJEKA - CROATIA JEZERU - SERBIA LARNA
Slide 34: Steel pipes' production and port facilities
Steel pipes’ production and port facilities At the forefront of energy sector new trends One stop shop 5 Production & port facilities 6 10 1 4 2 11 3 9 7 8 12 6 6 Pipe mills Port & storage facilities 1. ERW/HFI (400 KMT/year) 3. LSAW/JCOE (400 KMT/year) 5. Port facilities (exclusive use) Grade up to
Slide 35: Managing large-scale projects
Worldwide experience in managing big projects Managing large-scale projects Half a century in managing big projects Europe ~3.500Km* CIS & Asia CUSTOMERS ~250Km* GDF, Snam Rete Gas, Dow Chemical, RWE, OMV, Plinacro, Enagas, CUSTOMERS TransGas, BG Group, National Grid, SOCAR, BP, KPO North America Bo
Slide 36: Delivering energy to the future
Delivering energy to the… future Delivering energy to the future New contracts Trans Adriatic Pipeline AG (TAP) awarded to CPW 495Km of 48” onshore pipeline (270.000Tn) Realization 2016 - 2017 Energy Transfer Partners Rover pipeline Dakota access pipeline – DAPL 4 major projects Rover Pipeline reali
Slide 37: 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 38: Major prospective projects in our region
Major prospective projects in our region 1.TAP 5.Nord stream II Onshore: 755km Offshore: 1.220 km (2 lines) Qty of pipes: 443,000MT Capacity: 2x27,5 bcm Offshore: 110 km Total quantity of steel pipes: Qty of pipes: 70.000MT 2,000,000MT Capacity: 10 bcm 6.Eastring 2.IGB 5 Onshore: ~900Km Onshore: 183
Slide 39: Steel & steel pipes: 2014 highlights
Steel & steel pipes: 2014 highlights Segment overview • Steel segment negatively affected by unfavourable conditions in the Greek economy, the construction sector and the international steel market • Sidenor results supported by mild recovery in the reinforcing bars market in Greece, lower costs at
Slide 40: 5. Real estate
1. Viohalco 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate
Slide 41: Real estate
Real estate The real estate development segment specialises in the expansion of the commercial and industrial properties of Viohalco and its subsidiaries. Viohalco and its companies develop a significant portfolio of commercial and industrial properties on a global scale. The most important properti
Slide 42: Key real estate assets
Real estate Key real estate assets Property Karaiskaki Sq., Athens Property 96 Kifissos Ave., Athens Property MARE WEST (CORINTH PIPEWORKS former plant) Owner XENKA SA (100% Owner VIOHALCO SA subsidiary of NOVAL SA) Owner METALLOURGIA KORINTHOU SA Use of Hotel Use of IKEA Store / River West (100% su
Slide 43: 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 warehou
Slide 44: 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
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