Nabaltec Ag · XETR:NTG
Nabaltec — Investor Presentation (September 2020)
22 slides from Nabaltec's investor presentation, Sep 16, 2020
Slide 1: Our know-how for your safety
Our know-how for your safety Nabaltec: a leading supplier of eco-friendly flame retardant fillers and specialty alumina 1
Slide 2: The company in brief
The company in brief 2019 REVENUES EBIT 2019 SECTOR CHEMICAL EUR 179.0 MILLION EUR 18.6 MILLION INDUSTRY EMPLOYEES 2019 PRODUCTION EXPORT SITES RATIO 2019 514 3 76 % ABOUT 800 CUSTOMERS IN BUSINESS SINCE 1937 ANNUAL CAPACITY APPROX. ABOUT 50 REPRESENTATIVE OFFICES 260,000 t 2 2
Slide 3: Nabaltec Group
Nabaltec Group Nabaltec AG Schwandorf, GERMANY Head Office Naprotec LLC Chattanooga, TN, USA Asia Pacific Nabaltec Asia Pacific K.K. Tokio, JAPAN Shanghai USA Nabaltec (Shanghai) Trading Co., Ltd. Nabaltec USA Corporation Nashtec LLC Corpus Christi, TX, USA Shanghai, CHINA Corpus Christi, TX, USA 3
Slide 4: Product segments
Product segments Functional Fillers Specialty Alumina Product segments 2019 revenues: EUR 122.2 million 2019 revenues: EUR 56.8 million Product range Aluminum hydroxides Boehmites Aluminum oxides Ceramic bodies Eco-friendly, smoke-reducing, Resistant to wear and tear, electric insulation, Properties
Slide 5: Market segments
Market segments Wire & Cable: 40% Resins & Dispersions: 10% Application examples • Adhesives • Ballistic ceramics • Catalysts • Ceramic filters Battery: 6% Rubber & Elastomers: 7% • Data cables • Furnace linings • High-voltage insulators • Ignition plugs • Polishing materials Polishing: 3% Refractor
Slide 6: Functional Fillers
Functional Fillers Market volume: aluminum Oligopolistic competitive environment* hydroxides for flame retardants Huber KC in thousand tons Engineered Corporation 1500 Materials 1,246 1250 1,146 1,051 971 1000 INOTAL Eti Alüminyum 750 500 Market drivers: aluminum hydroxide** 250 Increasing fire sa
Slide 7: Specialty Alumina
Specialty Alumina Outlook Nabaltec target market Oligopolistic competitive environment** for specialty alumina* Huber in thousand tons Almatis Engineered Materials 3000 2,767 2,630 2,502 2,379 ALTEO Silkem 2000 Market drivers: specialty alumina Growing demand for technical ceramics in transportati
Slide 8: Market entry barriers & USPs
Market entry barriers & USPs Cost-effective Capital-intensive Global energy supply presence Consistent High quality & innovation reliable level delivery Focus on core Oligopolistic Technical competencies competitive know-how environment 8 8
Slide 9: Development of revenues from 2009 to 2019
Development of revenues from 2009 to 2019 in EUR million 176.7 179.0 168.6 159.2 151.3 143.3 129.0 129.2 132.9 112.7 73.1 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CAGR 2009 to 2019 = 9.4% 9 9
Slide 10: Nabaltec revenue shares 2019
Nabaltec revenue shares 2019 With its own sales companies and a network of international agencies, Nabaltec maintains a global presence. 23.6% GERMANY 52.0% 12.8% 11.6% EUROPE (WITHOUT GERMANY) REST OF THE WORLD USA 10 10
Slide 11: Development of EBIT from 2009 to 2019
Development of EBIT from 2009 to 2019 20 18.5 18.6 18.3 15 14.5 12.3 12.7 12.2 EBIT in EUR million 10.0 10.5 10 6.5 5 EBIT margin in % -2.7 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -5 11 11
Slide 12: Development of Cashflow from 2009 to 2019
Development of Cashflow from 2009 to 2019 26.1 25.9 21.5 22.3 20.9 20.1 15.4 16.1 13.6 12.9 Operating cash flow 4.6 Free cash flow 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -2.6 -7.5 Cash flow -10.6 -10.0 investment -13.1 -15.5 -17.0 -20.3 -20.0 -23.9 -27.1 More than EUR 168 million inv
Slide 13: Development of ROCE from 2009 to 2019
Development of ROCE from 2009 to 2019 20 18.5 18.6 EBIT in 18.3 EUR million 15 14.5 12.3 12.7 12.2 10.0 10.5 10 6.5 5 ROCE in % 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -2.7 -5 EBIT ROCE in % = ----------------------------------------------- x 100 Fixed Assets + Working Capital 13 13
Slide 14: Key figures Nabaltec Group (IFRS)
Key figures Nabaltec Group (IFRS) in EUR million Q2/2020 Q2/2019 change 6M/2020 6M/2019 change Revenues 36.4 49.0 -25.7% 81.8 97.4 -16.0% Functional Fillers 26.1 33.8 -22.8% 57.8 66.3 -12.8% Specialty Alumina 10.3 15.2 -32.2% 24.0 31.1 -22.8% EBITDA 3.7 10.1 -63.4% 9.8 19.0 -48.4% EBIT -0.4 6.6 -106
Slide 15: Extracts from the Balance Sheet
Extracts from the Balance Sheet in EUR million 06/30/2020 12/31/2019 change Total assets 224.9 239.6 -6.1% Non-current assets 158.8 158.8 0.0% thereof property, plant and equipment 155.2 155.6 -0.3% Current assets 66.1 80.8 -18.2% thereof cash and cash equivalents 22.2 29.0 -23.4% Equity 98.2 98.9 -
Slide 16: Cashflow and investments
Cashflow and investments in EUR million 6M/2020 6M/2019 change Cash flow from operating activities 13.7 14.7 -6.8% Cash flow from investing activities -7.2 -9.0 -20.0% Free cash flow 6.5 5.7 14.0% Cash flow from financing activities -13.4 -2.7 396.3% Investments in the first six months of 2020 are
Slide 17: COVID-19 pandemic and measures 2020
COVID-19 pandemic and measures 2020 The tightening of political measures worldwide to contain the corona pandemic and the associated uncertainties with unforeseeable economic effects are also having a negative impact on Nabaltec's business. The placing of orders by customers is very short-term a
Slide 18: Strong organic growth until 2024E
Strong organic growth until 2024E* * A multi-year outlook cannot be seriously presented due to the current situation caused by the corona pandemic and the resulting unforeseeable short and long-term economic effects. The forecast for the 2020 Financial Year, which was prepared at the beginning o
Slide 19: Share
Share ISIN: DE000A0KPPR7 2019 trading volume: average of 4,454 shares per day (2018: 3,105 shares)* Baader Bank: Buy, price target EUR 28.00 (07/2020) Hauck & Aufhäuser: Buy, price target EUR 33.00 (09/2020) Shareholder structure: 28.20% Heckmann family 27.17% Witzany family 44.63% Fre
Slide 20: Corporate calendar
Corporate calendar 26 November 2020 Interim Report 3/2020 20 20
Slide 21: Nabaltec products make many aspects of everyday life safer
Nabaltec products make many aspects of everyday life safer, as well as being eco-friendly and thereby an irreplaceable part of your daily routine. 21 21
Slide 22: Contact
Contact Johannes Heckmann (CEO) Günther Spitzer (CFO) Nabaltec AG Alustraße 50 - 52 92421 Schwandorf Germany Phone: +49 9431 53-202 Fax: +49 9431 53-260 E-Mail: [email protected] Rounding Due to computational reasons, rounding differences may appear in the percentages and figures in the