Business Line Comfort & Insulation. Evonik Nutrition & Care Segment

Transcription

1 Business Line Comfort & Insulation Evonik Nutrition & Care Segment

2 Evonik Group 22 Business Lines grouped in 3 segments Nutrition & Care Resource Efficiency Performance Materials Sales 4,924 m Adj. EBITDA / Margin 1,435 m / 29.1% Sales 4,279 m Adj. EBITDA / Margin 896 m / 20.9% Sales 3,435 m Adj. EBITDA / Margin 309 m / 9.0% Animal Nutrition Baby Care Health Care Personal Care Household Care Comfort & Insulation Interface & Performance Silica Crosslinkers Oil Additives Coating & Adhesive Resins High Performance Polymers Active Oxygens Silanes Coating Additives Performance Intermediates Acrylic Polymers Acrylic Monomers Functional Solutions Agrochemicals & Polymer Additives CyPlus Technologies Catalysts 2015 financials; Business Lines ranked by turnover Page 2

3 Table of contents 1 Comfort & Insulation at a glance 2 Main applications & technology basis 3 Summary Page 3

4 BL Comfort & Insulation is the prime partner for Polyurethane (PU) foam additives Business Model Global strategic partner of key customers with production in all major regions Differentiation by quality, product development, application technology and superior logistics PU Foam end markets Customers (exemplary) Others Automotive Seating Construction Furniture & Bedding Appliance FLEXIBLE FOAM RIGID FOAM Page 4

5 Polyurethane Foam raw materials Additives with small volumes but decisive impact PU Foam Additives Flame Retardants Blowing Agents Additives Silicone Surfactants Function - Foam stabilizer during foam rise, - Optimize final foam properties Polyols Release Agents - Processing aid to ensure proper release in industrial processes (e.g. demoulding) Catalysts - Catalyze and control basic chemical reactions Isocyanates Others - Anti oxidants - UV stabilizers - Colorants, PU Raw Materials Page 5

6 Comfort & Insulation is operating within a complex value chain Supply chain for Polyurethane Foams Chemicals Formulation Foamers OEMs 1) Raw materials System Houses Automotive / White goods integrated into OEM Silicone raws Silicone based surfactants Automotive not integrated Furniture & Bedding / Housing Insulation self-formulating & integrated into OEM car manufacturer Retailer / Consumer Catalysts, release agents & other additives Furniture & Bedding self-formulating, not integrated furniture manufacturer 1) Direct sales to consumers Source: BL OU, CS-CO-NBD, annual reports Page 6

7 Business Line at a glance Leading supplier for polyurethane foam additives worldwide Top #1 Supplier for polyurethane foam additives worldwide >600 tailor-made products for broad spectrum of applications in diversified end markets >1,500 direct customers worldwide >15% of sales is generated by products younger than 5 years Deliveries to more than 120 countries worldwide Page 7

8 Global production & service footprint Essen (HQ) Hopewell Shanghai Singapore Americana Customer Service Technical Service Training Center Production Product Development R&D Essen Hopewell Shanghai Singapore Americana Page 8

9 Project SiGNAL, China Shanghai i Project Information Products Capacity Silicone specialties double our existing local capacity Start-up 2017 Integrated Verbund plant for organomodified silicone specialties serving Asia Pacific Markets: Appliances, home, construction, automotive, paints & coatings, agro, textile & industrial applications Products for Comfort & Insulation, Interface & Performance, Coating Additives Page 9

10 Growth drivers of our markets and applications Environmental Regulation Rising income middleclass Key market trends Cold Chain Development Automotive Lightweight Building Insulation Improvement of living standards Energy Efficiency Additives market growth: ~ 5% p.a. Page 10

11 Table of contents 1 Comfort & Insulation at a glance 2 Main applications & technology basis 3 Summary Page 11

12 Market trends drive growth in major applications Market trend End Market Key application functionalities Product range Cold Chain Development Appliance Lower energy consumption due to excellent cell nucleation, emulsification and surface appearance Silicone Surfactants TEGOSTAB Automotive Lightweight Automotive Comfort, protection, durability, energy conservation, reduce fogging and meet VOC requirements Catalysts KOSMOS TEGOAMIN Building Insulation Improvement of living standards Construction Furniture & Bedding Energy efficiency management through maximum insulation efficiency, dimensional stability, uniform density, and fine cell structure Provide comfort by example regulation temperature and ergonomic demands. Forster the concepts of well being and safety for demanding sleepers. Release Agents GORAPUR Other Additives TEGOCOLOR ORTEGOL Page 12

13 Strong technology base Capable to produce unique and individual products at attractive economies of scale Comfort & Insulation embedded in Evonik s ORGANO SILICONE PLATFORM that feeds four Evonik business lines: Interface & Performance (Nutrition & Care) Coating Additives (Resource Efficiency) Silane & Siloxane Precursors Reactive Siloxanes Solution-to-Customer Business System Production Platform Organo-modified Siloxanes Formulations & Application Technology Epoxides Polyethers R&D Platform Logistic Platform Personal Care (Nutrition & Care) Comfort & Insulation Page 13

14 Typical Flexible PU Foam Formulation Quantities being required to produce 1 m 3 of flexible foam with a density of 24 kg/m 3 Polyol Isocyanate (TDI) PU foam additives Water Surfactant Catalysts 16.4 kg 8.3 kg 0.66 kg 0.16 kg kg Page 14

15 Video Why a silicone surfactant is essential for flexible polyurethane foam Surfactants are essential for: Emulsification of raw materials Nucleation Support Stabilization Page 15

16 Example Flexible foam: High quality mattresses It`s all about well-being & quality Over the course of a lifetime, the average person spends around 200,000 hours on mattresses, sofas, and chairs. Major product advantages Our products: help to reduce of VOC emissions ensure broad range of production techniques and product densities provide ideal cellular structure that allows good ventilation and heat transfer support highest resilience, durability, strength and comfort for end products Page 16

17 Density [g/l] Example Rigid foam: Energy-efficient refrigerator Energy saving components Effects Best Process (density reduction) Past Present Best Surface (void reduction) Gasket Compressor PU foam Best Lambda (optimized cell structure) Because of the introduction of polyurethanes into refrigerators, models designated A++ today are 60% more efficient than refrigerators 15 years ago Page 17

18 Example Rigid foam: Energy-efficient refrigerator Surfactants make up about 1% of the entire system Major product advantages Surfactant a Surfactant b TEGOSTAB Our products: are helping today s formulators to design tomorrow s appliances TEGOSTAB are a small but powerful tool to improve energy efficiency Surfactant a optimize foam processing and final foam insulation properties for our customers Surfactant a reduce foam cell size and foam defects TEGOSTAB improve foam flowability Page 18

19 Table of contents 1 Comfort & Insulation at a glance 2 Main applications & technology basis 3 Summary Page 19

20 Summary: Comfort & Insulation has set the course to continue as successful prime partner for PU foam additives Leading global position with broad and attractive portfolio of solutions with high value for end customers Close strategic customer relations and innovation partnerships Tailor-made solutions based on deep understanding of customers needs Strong growth opportunities by addressing current trends in the polyurethane foam industry Page 20

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