Group Presentation 1

Transcription

1 1 Group Presentation

2 Key figures Bn Revenue 538M Current operating income 13.2% Operating margin 16,130 Employees 250 Operating sites 50 Countries 8 R&D centers #1 or #2 On most of our markets 5.1Bn Market capitalization 54% of capital held by GBL 2 May 2016 Group presentation

3 Imerys offers high value-added functional solutions Imerys draws on its know-how Portfolio of high-quality mineral resources Knowledge of its customers applications Wide range of exclusive technologies and processes Materials science expertise to develop an offering based on: Beneficiating mineral resources (clay, bentonite, diatomite, feldspar, kaolin, mica, wollastonite etc.) Developing formulations (ceramic bodies, continuous casting fluxes for steel, monolithic refractories, etc.) Producing synthetic minerals (synthetic graphite, zirconia, etc.) 3

4 that contribute essential properties and performance to its industrial customers products Filtration of edible liquids Gloss and opacity for paint Lifespan of lithium-ion batteries to improve electric vehicle autonomy Conductivity of ceramic hobs Strength and lightness of vehicle bumpers Protection of crops Watertightness and insulation of roofs Whiteness and toughness of sanitaryware 4

5 Imerys presence is diversified in many markets and regions Revenue by geographic destination in 2015 Revenue by market in 2015 Western Europe North America 44% rev. 24% rev. Office paper Infrastructure Food Packaging Markets < 2% 4% 2% 2% 4% 13% New construction 13% Renovation Emerging countries Japan / Australia 27% rev. 5% rev. Consumer goods Magazines 5% 5% 6% 12% Steel Industrial equipment 6% 7% 10% Energy Publishing Automotive The world leader in mineral-based specialties for consumer goods, industrial equipment and construction, with presence in 50 countries 5

6 Imerys businesses are leaders in most of their markets Energy Solutions & Specialties Carbonates Monolithic Refractories Graphite & Carbon Oilfield Solutions Revenue 1,253 M Filtration & Performance Additives Performance Minerals Minerals for Filtration Performance Additives for Metallurgy Revenue 1,082 M Ceramic Materials Kaolin Ceramics Roofing Revenue 1,172 M High Resistance Minerals Fused Minerals Refractory Minerals Revenue 630 M 6

7 A global presence 7

8 Energy Solutions & Specialties The Energy Solutions & Specialties business group manufactures and sells high-performance mineral solutions for various demanding industries: the consumer goods and paper sectors with Carbonates, high-temperature industries served by Monolithic Refractories, Graphite & Carbon applications linked to mobile energy, and oil and gas exploration served by the Oilfield Solutions division. Carbonates Natural (GCC) and Precipitated (PCC) Calcium Carbonates used as filling or coating pigment for paper production and functional additives for paints, rubber, plastics. Monolithic Refractories (Calderys) Unshaped refractory materials used to protect industrial equipment from high temperatures in heavy industries (steel, cement, power generation, petro-chemicals). Protection for furnaces, kilns, crucibles and incinerators. Graphite & Carbon High performance graphite powder for mobile energy, electronics and engineering, refractories for the transport and automotive markets. Oilfield Solutions Production of proppants and mineral solutions for non-conventional oil and gas exploration. 8

9 Filtration & Performance Additives The Filtration & Performance Additives business group enjoys many high quality minerals and products (bentonite, diatomite, perlite, vermiculite, talc, wollastonite and steel casting fluxes) supplied to many industries including agriculture, food, beverages, steel, construction, horticulture, plastics, paints, rubber, catalysts, paper, pharmaceuticals, beauty and personal care. Performance Additives The division addresses fast growing markets in which additional performance is key. The solutions offered consist of functional additives derived mostly from mica, talc, wollastonite, diatomite, perlite or vermiculite used for paints, plastics, polymers, rubbers, adhesives, sealants, pharma & personal care. Minerals for Filtration Mainly diatomite and perlite used as filter aid for edible liquids (beer, wine, oil, fruit juice). The division is the world s leading supplier of diatomite and expanded perlite-based products for filtration. Performance Additives for Metallurgy Serves the metallurgy market along the whole metal production chain, from raw materials through to the casting of the final products. Includes Steel Casting Fluxes, Bentonite & Perlite Intermediates, and Metalcasting Performance Additives. 9

10 Ceramic Materials The Ceramic Materials business group is organized around the three following divisions: Kaolin The broadest product range covering a large spectrum of applications: from the paper industry to ceramics, including paints, refractories or fiberglass markets. Roofing With high-quality deposits and an efficient production process, the Roofing division is France s largest producer of clay roof tiles. The division also offers solar roof tiles, metallic profiles and roof accessories. Ceramics The division is a global supplier of mineral and prepared bodies for the sanitary, tableware and tile making industries. The division also provides a wide range of solutions for technical ceramics, the glass industry, mainly fiberglass, but also for electrometallurgy, energy and some construction-related applications, as well as kiln furniture for the ceramics markets. 10

11 High Resistance Minerals The High Resistance Minerals business group is a global business that leverages on high quality mineral reserves and on sophisticated manufacturing processes for high-temperature operations, to offer mineral based specialties with key functionalities: refractoriness, abrasiveness, mechanical resistance, purity and conductivity. Refractory Minerals Production of acidic refractory minerals including andalusite and chamottes. The products made by the Refractory Minerals division are used for their mechanical, chemical, distortion and corrosion resistance, as well as for their thermal properties in various industries in high-temperature applications and processes. Fused Minerals Production of fused alumina and fused zirconia. The division is the worldwide leader in specialty applications such as abrasives, refractories, technical ceramics, heating elements for the iron & steel, automotive, industrial equipment and construction markets. 11

12 Imerys grows while creating value Imerys has the necessary strengths... Sound business model Leadership positions in most markets Unique range of minerals to grow while creating value By internal growth and solutions Portfolio of technologies and processes Market proximity and results driven By acquisitions 12

13 Imerys internal growth is fueled by R&D and innovation efforts Revenue from new products (M ) Examples of new products As a% of revenue % % 6 % 9 % 12 % 12 % New products (incl. ceramic proppants) Lighter auto parts Talc solutions for stronger and lighter plastic parts as a substitute for steel parts Formulations for investment casting New energies Graphite for Li-ion batteries for electric vehicles Bulk storage Polymers recycling Mineral formulation for plastic waste recycling Shingles from industrial waste Annual R&D spend 1 (M ) ,4% 1,5% 1,7% 1,6% 0,9% R&D spend as a% of revenue Mineral specialties for the beauty and pharma Talc for cosmetic powders Perlite for exfoliating body scrub Energy efficiency New generation abrasives Refractory paint for industrial furnaces Sustainable agriculture Pesticides / mineral-based fertilizers A new technology: Fiberlean TM First applications for paper production Other applications with high potential 1. Personnel costs, research, process, industrial trials 13

14 and by production capacity development 78M Development capital expenditure in 2015 ( 82 M in 2014) New talc refining process for the automotive industry (Ludlow, USA) Talc production capacity increase for polymers for the automotive industry (Timmins, Canada) First production line for new generation abrasives (Villach, Austria) Capacity increase in diatomite production for plasma fractionation (Lompoc, USA) Micronized Cellulose production unit for paper industry (India) New carbonates unit for plastic film packaging for food industry (Sylacauga, USA) Micronized Cellulose production unit for paper industry (USA) Talc production capacity increase for polymers for automotive industry (Luzenac, France) 3rd monolithic refractories plant (Gujarat, India) Kaolin capacity increase for ceramic industry (Ranong, Thailand) 2nd natural calcium carbonate processing unit (Ipoh, Malaysia) 14

15 Imerys grows by external growth S&B: worldwide player in industrial minerals Leadership positions in its markets Bentonite for foundry Continuous casting fluxes for steel production Strategic operation with value creation Developing geographic footprint Enlarging the Group s offering S&B s R&D and innovation potential acceleration Synergies (costs and development) on track with roadmap Positive contributions from operating margin and cash Accretive on net income from current operations per share from 2015 Value-creating from 2018 with annual synergies estimated at 25M Other recent acquisitions Solvay s European precipitated calcium carbonates division (PCC) 4 production sites for thin and ultra-thin solutions for specialty applications (automotive, construction, etc.) 2014 revenue: 59M BASF s US paper hydrous kaolin business Acquisition of the paper hydrous kaolin business Improved service offering for the paper industry through optimized production Annual revenue: $60M (estimates) Matisco, in Roofing (France) Specialized in metal accessories for roofing in France Value-enhancing expansion of Imerys roofing product offering 2014 revenue: 23M 15

16 Sustainable Development is part of Imerys growth strategy Environmental Management: 100% Share of operating sites with an environmental management system Carbon productivity: + 1.5% Reduction in emissions by production unit Energy efficiency: + 1.3% Reduction in consumption by production unit Innovation: 18 New products with a proven environmental benefit in 2015 Facilitating access to drinking water in developing countries With ImerPure, an innovative filter cartridge, Imerys delivers a viable solution for home storage and filtration of water for low-income households Social Safety: 1.31 (per million hours worked) lost-time accident frequency rate Training: over 261,000 employee training hours Community: 51 projects entered for the Sustainable Development Challenge Casa Imerys - helping local communities A house dedicated to community relations Created in 2012 in Barcarena (Brazil) close to the Imerys plant Literacy and IT classes, cooking workshops, sports activities and support for crafts More than 5,000 people have benefited from training 16

17 Sponsorship The Group and its entities are engaged in sponsoring two main areas: education and photography. Other projects, including sports competition, complement Imerys actions. 17 Mai 2016 Présentation générale

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