PEOPLE. PASSION. PACKAGING. Constantia Flexibles. Company Presentation

Transcription

1 PEOPLE. PASSION. PACKAGING. Constantia Flexibles Company Presentation

2 Constantia Flexibles at a glance Constantia Flexibles is one of the world's leading manufacturers of flexible packaging Serves multinational corporations and local market leaders 3 divisions #2 in Europe, #4 globally 42 production plants in 18 countries 1.7 bn in sales 115 sales countries Headquartered in Vienna, Austria Shareholders: Wendel Group (73%), H. Turnauer Stiftung (27%) >3,000 customers >8,000 employees 2

3 Global production network for global customers 42 plants in 18 countries Plants in North America Plants in Europe Plants in Emerging Markets Production Sites Sales Offices 3

4 Sales by region and division 2014 Sales by region Sales by division Rest of the world America 25% 8% Pharma 15% Central and Eastern Europe 11% 56% Western Europe Labels 28% Food 57% 4

5 Management Board Alexander Baumgartner (Chief Executive Officer) Peter Frauenknecht (Chief Financial Officer) Dr. Gerold Riegler (Chief Operating Officer) Franz Reiterer (Chief Sales Officer Food) 5

6 Executive Committee Executive Vice Presidents Stefan Bogoll (Food North America) Stefan Grote (Food Europe) Friedrich Humer (Food Emerging Markets) Walter Ometto (Pharma) Mike Henry (Labels) 6

7 Flexible packaging what we offer Flexible Packaging is the manufacture and supply of thin and flexible plastic films, aluminium foils and papers. Used solely or in combination for direct and non-direct primary & secondary packaging for food and non-food products, retail, industrial and healthcare applications. 7

8 The 4 Ps of packaging at the heart of our business Preservation Ensures optimal condition and longer shelf life Barrier functions against UV light, moisture, oxygen, and seal integrity Protection Puncture resistance Burst strength Tamper evidence Transportability Hygiene standards Promotion Promotional text Design & shape Customer convenience (microwaveable, heatable) Functionality (easy to handy, carry, open, etc.) Presentation Format Ergonomics Portion size Essential information 8

9 Our core values We focus on innovation and quality to make our customers more successful We expand globally with our customers and create value for all stakeholders Customers Growth We have an international team based on a corporate culture of trust, excellence and performance Employees Society & environment We balance economic success with environmental and social responsibility 9

10 Our core values Customers Growth Employees Society & environment 10

11 Our customer benefits Experienced people with passion for packaging Complete range of solutions Unrivaled customer service Continuous innovation Global production network Integrated production Long-term partnerships with customers 11

12 Food solutions Dairy Lidding die cut Lidding reel-fed Processed food Dried food laminates Coffee laminates Confectionery Confectionery foil Confectionery film Processed meat Alu-container systems Pet food bags/ pouches Salted snack laminates Snacks Sweet snack laminates Broad portfolio of leading products for primary food packaging 12

13 Pharma solutions Coldform foil Sachet foil Pharma Blister lidding foil Strip pack & suppository foil Home & Personal Care (HPC) Wipe film Doypack foil Sachet foil & laminate Bag-on-Valve laminate Stick pack foil Broad portfolio of tailor-made products for Pharma and HPC 13

14 Labels solutions Paper labels Aluminum lid labels for beverage cans Beer, Wine & Spirits Pressure sensitive labels Aluminum foil bottle neck Soft drinks & Water Paper labels Wrap around labels Shrink sleeves In-Mouldlabels In-Mould decoration In-Mould with functionality Targeted product offering focusing on the global beverage labels market 14

15 Unrivaled customer service We manage for our clients: Improving sustainability performance Packaging trends Food & beverage contact legislation Packaging engineering Logistics 15

16 Long-term partnerships with customers More than ten years relationship with the top 10 customers in all three divisions 16

17 Integrated production Raw material sourcing and rolling Lacquering / Lamination / Extrusion Printing / Cutting Finishing / Aftermarket Service Strategic base material supply within the group Distinctive know-how Selected specialty film extrusion State-of-the-art aluminum foil rolling facility Highly efficient lacquering, coating and lamination In-house lacquer development UV flexo printing including in-line coating Roto gravure printing incl. in-line lamination Wide web conventional flexo printing Offset printing for paper and film Highly optimized diecutting and deep-drawing facilities Bag & pouch making We manage the entire value chain ensuring high quality, quick responses, reliability & flexibility 17

18 Quality and product safety Group quality standards key elements All sites have implemented a Quality Management System Specifically certified systems in dedicated plants Full traceability of raw materials and processes Raw materials only from approved suppliers Implemented risk management Fulfillment of legal requirements Well-equipped quality labs at our sites Full compliance with customer specifications 18

19 Continuous innovation through formal process Technology-driven (push) innovation Innovation throughout the product life cycle Idea Feasibility study Product development Marketing & performance analysis Customers CF Customer Academy for training clients staff in flexible packaging 70 R&D personnel Application engineers Product managers Social macro trends (Sustainability, convenience, differentiation, high functionality, barrier protection) Customer-driven (pull) innovation 19

20 Competence centers State-of-the-art competence centers for Polymer films & film laminates Aluminum & foil laminates Labels (planned) First technical contact to our suppliers to stimulate inhouse developments In- and external consultant in the right raw material selection Analytical capabilities Lab equipment to produce small samples and mockups Microscopy lab Lab laminator Wet chemistry lab Co-extrusion pilot line 20

21 Innovative product samples DieCut DryFoil SpearRC New generation cup-lock system with self-developed co-extrusion Increased production safety Cost reduction vs today s standard specification Sustainability support (e.g. 50% aluminum reduction) Reliable protection against moisture cross-diffusion Shelf life extensions Reliable system compatibility PVC-free structure High absorption capacity Recyclable pressure-sensitive label alternative for PET bottles Cost-effective recycling solution 21

22 Innovative product examples highlights 2015 Die-Cut Lidding CONSTANTIA DryFoil Spear RC Confectionery foil CONSTANTIA Safemax Smart Top Aluminium foil containers CONSTANTIA Blister Eco Thermowash 22

23 Innovation awards 14x EAFA Alufoil trophies ( )* More than 20 International awards in the last 5 years * CFlex won the Alufoil Trophy that rewards the use of aluminum foil and aluminum closures in all its many forms and uses. Example: in 2015, CFlex won a trophy in the category Resource Efficiency for Chang Beer and a trophy in the category Technical Innovation for the innovative Aluminum foil < 5 μm. 23

24 Our core values Customers Growth Employees Society & environment 24

25 Strong market position in attractive segments Global #1 Confectionery foil Die-cut lidding Alu-container systems Global #2 Reel-fed lidding Global #2 Blister lidding foils Coldform foils Global #1 Beer labels (film and PSL, foil and paper) In-mould labels Every second beer on the planet has a Constantia Label ~ 60% of sales in attractive markets, where Constantia commands a #1 or 2 position 25

26 Success story of continuous growth From a leading European supplier Network of medium-sized companies Business focus on Europe Mainly export sales Supplier of packaging materials with focus on aluminum to a global player A group with a mission and a clear strategy Realizing global growth opportunities Multi-domestic production Solution provider with comprehensive material competence Sales 0.7bn 1.0bn 1.7bn Growth through M&A and organic growth E 2020 Family owned / listed OEP Since March Wendel Group 2015 One of Europe s leading listed investment firms 26

27 Growth development over the last 10 years Sales ( mn) and sales growth (%) Operative EBITDA ( mn) and EBITDA growth (%) 1,634 1, ,213 1, ,029 1, ,047 EBITDA Margin (%) 13.6% 14.1% 14.1% 13.9% 13.5% 13.9% 15.1% 14.0% 14.3% 14.3% 14.9%

28 Investing for our customers Total investment : 540 mn CAPEX* 60% Acquisitions 40% Lacquering and Laminations Plant: Constantia Patz (AT) Offset Printing Machines: Verstraete in mould labels (BE) UV Flexoprinting Machine: Constantia Blythewood (USA) Flexo Printing line: Constantia Aluprint San Luis Potosí (Mex) Converting Center (Double Lacquering and Lamination Plant, Downstream Rotogravure Printing): Constantia Teich (AT) Rotogravure Printing Machines: Constantia Hueck Folien (DE), Constantia Ebert (DE), Constantia Teich Poland (PL) Offset printing machine (IN) Major CAPEX projects Asaş, TR (2011) Parikh, IN (2013) Spear, USA (2013) Globalpack, MX (2013) Major acquisitions * Capital Expenditures 28

29 Global trends drive demand for flexible packaging Global trends Factors driving demands Flexible packaging solutions Urbanization Demand for packed food with longer shelf lives From large to small families Packaged food Emerging middle class Purchase based on social demands Premium brand packaging Premium products Demand for premium and functional packaging Significance of marketing / branding Premium and convenient packaging Health Ageing society demands pharma products Health standards in emerging markets rise Pharma packaging Sustainability Smaller carbon footprint Reduction of material thickness, etc. Environmentally friendly packaging 29

30 Our strategy for long-term profitable growth Strengthening customer relations with multinational companies Consolidation and extension of European market leadership Realizing selected growth opportunities in North America Expansion in the fastest-growing emerging markets Maximization of Group synergy and optimization of operational performance Strong relationships with international corporations Established technological know-how Targeted acquisitions in growth sectors and regions Efficient production sites and processes Strong foundation gives us competitive advantage 30

31 Our core values Customers Growth Employees Society & environment 31

32 Sustainability Sustainability means balancing economic success with environmental and social responsibility. This strategy ensures long-term success. Thomas Unger, Chief Executive Officer Corporate carbon footprint goal By 2014 Constantia Flexibles already achieved 60% of its goal to Product & reduce Process CO Sustain- 2 * emissions by 40% ability from 2005 to Integrating the whole Supply Chain Progress in reduction of CO 2 - emissions per produced m² 100% Reduction of about 24% 76% * Related to m 2 output, calculation based on Scope 1 and Scope 2 as defined by the Greenhouse Gas Protocol Initiative 32

33 Committed to a responsible policy Economic responsibility Systematic risk management Compliance guidelines Comprehensive quality management Environmental responsibility Environmentally friendly and resource-sparing production technology, materials and ingredients Ethical sourcing (member of SEDEX) Reduction of environmental pollution, waste & greenhouse gases Social responsibility Extensive measures to protect human rights Zero tolerance of discrimination against employees Social outreach project for disadvantaged groups Group Social Award for outstanding achievement Our sustainability policy focuses on our responsibility to the environment and our neighbors 33

34 Transparency along the entire supply chain Full disclosure of our CSR KPIs at selected platforms for our stakeholders Aims at improving and social practices by leveraging the influence of global supply chains Two objectives of EcoVadis: Improve performance combining innovative information technologies with shared service expertise on sustainable procurement Reduce costs associated with suppliers CSR performance monitoring Enables companies to Quickly determine their supply chain footprint Encourage and support suppliers to measure and manage material business issues Communicate with them on their performance over time Drive long shared value for the business 34

35 Our ethical principles Endorsing SEDEX ethical standards Part of Aluminum Stewardship Initiative (ASI) Non-profit member platform dedicated to improving ethical supply standards along the value chain SEDEX focuses on 4 areas Labor standards Health & safety Environment Business integrity Tools for exchanging information include standardized questionnaires and audits (SMETA = Sedex Members Ethical Trade Audit) Non-profit initiative to foster greater sustainability and transparency throughout our industry ASI tries to mobilize a broad base of stakeholders to establish and promote responsible leading practices Across the aluminum value chain In business ethics In environmental and social performance Bauxite mining Refining Aluminum smelting Further processing Recycling 35

36 The Group Social Award We are committed to integrating social activities at all our site We encourage our employees to support social projects, especially in Constantia s immediate neighborhoods and annually award the best projects. Restoration of Elementary School in Guanos, Mexico Cooking for the homeless at VinziRast house in Vienna, Austria Help for schools and kindergartens in Poland Free employee counseling in private or professional problems in Austria Collaborative art book of mentally disturbed people in the US Internships for young people with disabilities in Poland 36

37 Our core values Customers Growth Employees Society & environment 37

38 Our employees Number of employees by region (year-end) x 2.9 8,184 2,821 There of approx. 7,000 in production Europe Americas MEA Asia 38

39 Experienced people with passion for packaging An attractive employer with a corporate culture focused on employee development Culture & respect Learning & development Rewards & fringe benefits Work beyond country borders Foster proximity and openness Encourage international transfers Collaboration to culture and respect Hiring the best candidates through structured processes Develop employees skills and performance based on three core competencies: Driving customer value, fostering collaboration, passion for results Strategic talent management Design our reward and compensation system in order to: Foster motivation and competitiveness Increase performanceorientation 39

40 Our employees live operational excellence Operational Excellence is a culture of Leadership Teamwork Problem solving resulting in continuous improvement throughout the organization Focus areas: Optimizing all processes and systems to deliver value efficiently to the customers (with Lean SixSigma* methods) Empowering all employees to improve their processes and systems themselves Learning with and from each other and sharing knowledge ** We create value for our customers * Lean Six Sigma is a management approach combining Six Sigma methods and tools and the lean manufacturing/lean enterprise philosophy, striving to eliminate waste of physical resources, time, effort and talent, while assuring quality in production and organizational processes * CIP = Continuous Improvement Process 40

41 PEOPLE. PASSION. PACKAGING. 41