Victrex Polymer Solutions

Transcription

1 Victrex Polymer Solutions 1

2 Business Overview Victrex Polymer Solutions Victrex is the global leader in PEEK Focused in transport, industrial and electronics markets Global organisation 4 regional centres 3 technical centres UK based manufacturing Over 500 employees 2

3 Business Overview Sustained Growth VPS revenue Percentage of Group revenue VPS 77% Revenue of 166m (up 14% vs 2010) Operating profit 67m (up 38% vs 2010) 3

4 Diversified across Geographies and Industry Sectors Business Overview Geographic Segments Asia Pacific Market Segments Medical Electronics Industrial EMEA Americas Transport Group volume 2011: 2,860 tonnes 4

5 VPS Strategy Speciality Products Core Growth Core Protect 5

6 VPS Team Speciality Products Core Growth Core Protect 6

7 Core Protect Customer Proposition Focus, expertise & support Product quality & consistency Value beyond the polymer Comprehensive product portfolio Security of supply 7

8 Core Protect Commitment to Customer Growth OEM Victrex market & key account development team Tier 1 Victrex market & key account development team Compounders/Processors Victrex sales and technical service team Understand end-user needs Application development Innovation & new products Victrex Polymer Solutions 8

9 VICTREX PEEK a Key Enabler for Industry Trends Market Led Growth Industry Trend & apparent need Aerospace Minimisation of fuel cost through weight reduction is a strategic imperative for the aerospace industry Booz & Co. Automotive Fuel efficiency, safety and reliability improvements resulting from consumer and regulatory trends Semicon A focus on yield to meet challenges of larger more complex semicon wafer production Oil & Gas Increasingly extreme environments (deeper, hotter, higher pressure) are being tapped in pursuit of new reserves Electronics High quality sound in small spaces is a must for portable communications & entertainment devices Effective device thermal management is vital to miniaturisation and increased functionality in portable devices 9

10 Strong & Diversified Development Pipeline Market Led Growth Development Pipeline by Industry Industrial Medical Automotive Market led, customer focused, approach to growth Leverage our commercial organisation as a key strength Electronics Aerospace Strong pipeline across multiple industries 2,328tes MAV 10

11 Market Led Growth Speciality Products Focused teams Downstream vertical integration Film, Pipe, Coatings & Composite platforms Markets Energy, Aerospace & Electronics Impact Accelerate downstream revenue & margin capture Market access to Tier 1s & OEMs Enabling technology deployment 11

12 Market Led Growth Enabling Technology Consumer electronics APTIV film Smart phone speaker diaphragm - High quality sounds in small spaces Aerospace - VICTREX Pipes 12

13 Market Led Growth Enabling Technology Aerospace VICTREX composite Lightweight High strength Better flame, smoke and toxicity performance Chemical resistance A400M Front Fuselage Floor Structures Oil & Gas - VICTREX Pipes Deep offshore oil & gas subsea umbilical, risers & jumpers Simpler design Simpler installation Longer service life 13

14 Infrastructure & Capacity Integrated Supply Chain Vertical integration Capacity Security Quality Invest ahead of demand Safety, health and environment 14

15 Infrastructure & Capacity Integrated Supply Chain Key Raw Material VPS Production VPS Products Fluoroboric Acid Plant Powder Plants 1 & TPA VICTREX PEEK Powders and Fine Powders DFDPM Plant Melt Filtration Plant VICTREX PEEK Granules & Compounds BDF Plant Compounding Plant Film Plant APTIV films VICTREX PEEK Composites Matrix Dispersion Plant VICOTE Coatings Pipes Plant VICTREX Pipes TM 15

16 Enabling Supply Chain for Growth Infrastructure & Capacity Drivers Enable growth Security of supply Technology Cost Sustainability Capacity led Market access Stability Quality Emergent market needs Differentiated products Long term cost leadership Safety Health Environment 16

17 Infrastructure & Capacity Investment Programme - Capacity and Technology Upstream capacity investment 20m Completion 2013 Polymer capacity investment ~ 55m Sanction 2012 Completion 2014 UK Technology Centre investment 10m Completion

18 Enabling Technology for Key Industry Challenges Technical Leadership Value creation Market need Technical feasibility 18

19 Technical Leadership Technology Close to the Customer UK Japan 55 scientists, engineers & technicians, ~20 Ph.D s ~500 years Victrex technical experience 3 technical centres, monomer and polymerisation laboratories, small-scale manufacturing plant China 19

20 Technical Leadership Complete Technology Solutions Geared up for the future: metal replacement Reduced fuel consumption Material Better engine response Quieter running Process Shape optimised tooth design Design Metadyne Balance Shaft Module Featuring Kleiss Optimised Gear Design TM Gears Made with VICTREX PEEK Polymer * Kleiss Gears Inc. 20

21 Technical Leadership Complete Technology Solutions Flexible electronics Enabler for colour video Temperature performance Robust, shock-resistant System weight reduction 21

22 VPS Summary Speciality Products Core Growth Leadership Investment Core Protect Growth 22

23 Wrap Up Investor Site Visit October 2012 Questions? 23