Company Presentation

Transcription

1 Company Presentation

2 Constantia Flexibles in a nutshell #2 in Europe #4 globally 32 production sites in 18 countries Vienna Headquarters in Austria, Vienna Shareholders Wendel Group (~61%) AREPO Foundation (~27%) MaxburgCapital Partners (~11%) 2 business segments FOOD (~75%) PHARMA (~25%) & 16.6% stake in Sales by region 68% Europe 19% America (USA/Mexico) 7% Middle East/Africa 6% Asia/Pacific 40% film-based ~ 7,400 employees 60% aluminum-based 2

3 Global trends drive demand for flexible packaging Substitution from rigid to 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. More environmentally friendly packaging 3

4 Global production network: 32 plants in 18 countries 12 7 Production Site Sales Office

5 Did you know?

6 oftheharvest in developing countries islost due toa lack of packaging. 6

7 of packaging is recycled in Austria, Switzerland and Germany.

8 Fakedrugs makeup10-30% oftheglobal marketfor medicine.

9 billion cups of coffee are consumed each day.

10 More chocolate Easter bunnies are sold in Germany than chocolate Santa Clauses.

11 A package hastobeseen, understood and wanted in seconds.

12 of women eat yoghurt compared to only 43% of men. 12

13 The 4 Ps of packaging at the heart of our business Preservation Ensures longer shelf life Barrier functions against UV light, moisture, oxygen, and seal integrity Hygiene standards Promotion Promotional text Customer convenience (microwave ability) Functionality (carrying, opening) Protection Puncture resistance Burst strength Tamper evidence Presentation Shape Portion size Essential information 13

14 Our core values Customers We focus on innovation and quality to make our customers more successful Growth We expand globally with our customers and create value for all stakeholders Employees We have an international team based on a corporate culture of trust, excellence and performance Society & environment We balance economic success with environmental and social responsibility 14

15 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 Constantia #1 or #2 in attractive markets. 15

16 Long-term partnerships with customers Food Pharma 16

17 Integrated Production Adhesive lamination Pre-press and cylinder engraving process Blow film extrusion Cast extrusion Printing process and varnishing process of metallized paper Slitting process/ finishing Rolling Raw material PET/PE/AL/Paper Extrusion process Ink kitchen Finishgood product (reels or pieces) 17

18 Quality and product safety All sites have implemented a Quality Management System Specifically certified systems in dedicated plants Full traceabilityof 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 Health, Safety, Security & Environment (HSSE) H-S-S-E: These 4 letters stand for Health, Safety, Security and Environment. This means protecting all assets especially personnel, contractors, neighbors, machinery, equipment, technological knowhow, data, reputation Constantia Flexibles focuses on proactive measures to achieve ZERO LOSS NO HARM. HSSE is an integrate part of the company s business and decision-making process and drives forward Operational Excellence. Every single work-related accident with injury to a person is one accident too many! 19

20 Success story to continue 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 ' and now a pure play flexible packaging group After sale of Labels division With a focus on selective endmarkets in attractive regions with our customers Sales 0,7bn 1,0bn ,0bn % EBITDA margin target In 2021 Family owned / listed OEP WENDEL GROUP One of Europe s leading listed investment firms WENDEL GROUP 20

21 Investments in growth Globalpack Parikh Spear IPO & Trade Sale Folding Afripack Oai Hung Pemara Printer Labels Lamp Bucharest Alucap Labels sale OEP Wendel Group Acquisition Divesture/Closure 21

22 FOCUS21 strategy based on three pillars Defend and extend leading positions Greater ambitions Acquisitions

23 1 FOCUS21: Defend and Extend Leading Positions Europe: Dairy yoghurt lidding foil & film Confectionery foil Processed meat foil (alu-container systems) Blister lidding foil Pharma laminates Coldform foil North America: Confectionery foil Processed meat foil Snacks (Mexico) Blister lidding foil Coldform foil Emerging markets: Dairy yoghurt lidding foil & film (Russia) Confectionery foil (Russia & Turkey) 23

24 2 FOCUS21: Greater ambitions Develop promising positions through investments worldwide Europe North America Rest of the world Confectionery film Processed food coffee foil Processed food dry/ wet (pouches) Processed meat film Snacks film Dairy yoghurt lidding foil Dairy yoghurt lidding film Confectionery film Processed food coffee foil Processed food dry Confectionery film Processed food film Snacks film Pharma laminates / specials Home & Personal Care (HPC) sachets specialties Blister lidding foil Cold form foil 2 24

25 3 FOCUS21: Acquisition strategy to strengthen profile as pure play global flexible packaging group Focus mid-term expansion: Strengthen global film knowhow, backward integration Expand in USA to become a leading local supplier for food and pharma core products Top 3position in India through the opportunity and ability to attain a leadership position Further build pharma in Asia as high-growth pharma market and untapped opportunities Food / Pharma NAM Food film value-add laminates/ pouches EU/ NAM Pharma foil LATAM Food film India Pharma foil Asia Other emerging markets (e.g. South East Asia) We want to develop promising follower positions and to close gaps in our portfolio 25

26 Our shareholders fully back us AREPO Foundation 26

27 Modern Competence Centers for film, aluminum & polymer films First technical contact to our suppliers to stimulate in-house developments In-and external consultant for the right raw material selection process Analytical capabilities Lab equipment to produce small samples and mock-ups Weiden(Germany) More than 25 experts working on close to 100 projects every year Mühlhofen(Austria) More than 30 experts working on close to 100 projects every year 27

28 Backward integrated into foil and film value chain Weiden(Germany) Mühlhofen(Austria) Two blown-film (polyethylene) extrusion lines for laboratory and pre-material for production Aluminum foil is rolled down from 0.6 mm (600 µ) to 0,005 mm (5 µ) in several rolling processes (= pass) to the required gauge (5 µ -160 µ). During this process, the embedding of security features is possible. Company Presentation 28

29 Focus on innovation along 8 key innovation themes 1 Sustainable Packaging 2 Interactive Packaging 3 Product Safety 4 Pouches & Bags 85% renewable materials High-barrier properties Bio-certified Invisible watermark printing White-label smart phone app Data management Holograms Security foil Security pigments & inks Security graphics & design Tamper evidence 2-chamber pouch to separate liquid & dry content Breakable membrane inside Fresh readyto-drink 5 Easy Open & Reseal 6 High-End Graphics 7 Digital Printing 8 Performance Packaging Re-seal PS label No filling machine changes Easy-opening Multiple re-seal Tamper evidence 3D inks Next generation die-cut lidding Separation No embossing necessary Hybrid in-line digital printing with conventional printing process Cost effective personalization Transparent high barrier Sealants New raw materials 29

30 Sustainability 600 ecological assessments and life cycle assessments for raw materials and products per year <CO 2 40% the Group-wide goal of CO 2 reduction by 2023 (per square meter produced) ~40 Social initiatives per year ~ 50% of the world s electricity purchased from renewable resourses 59 initiatives with environmental focus reducing energy consumptionand CO 2 emissions ISO 116 ISO-certificates for our plants worldwide > 50% of our plants own technologies for the recovery of solvents and for the avoidance of solvent emissions ~ 4,000 External requests for sustainability per year 30

31 Number of employees by region* 19% 55% 12% 95% full-time employees 70% of employees in production % of employees are years old 14% * Full Time Equivalent (FTE) 75% male 25% female 31

32 Experienced people with passion for packaging An attractive employer with a corporate culture focused on employee development Culture & respect Learning & development Rewards & fringe benefits Live our three core competencies: Driving customer value, fostering collaboration, passion for results Work beyond borders and encourage international transfers Full committed to Global Ethical sourcing Diversity and equal opportunities Strategic talent management Ongoing development of expertise, knowledge and leadership skills via Constantia University Best candidates hired to fit company culture Design our reward and compensation system in order to: Foster motivation and competitiveness Increase performanceorientation Being an attractive employer 32

33 Key take-away messages Stable end markets/megatrends mean portfolio is less cyclical Expansion of product portfolio through innovative solutions Focus21 strategy driving future growth Proactive M&A strategy 33

34 PEOPLE PASSION PACKAGING

35 Products

36 Processed Meat: Alufoil& Container Systems Pet Care Preformed Aluminum trays and lids are ideal for the special packaging requirements of wet petfood. Humanfood Fully retortable, preformed Aluminum trays and lids can be used for various food products. Capsules Small, Aluminum based portion packs for liquids, gels, powders, U offer best barrier and processing properties. Innovations Small, Aluminum based portion packs for liquids, gels, powders, U offer best barrier and processing properties. 36

37 Processed Meat: Pouches & Bags Wet Petfood Pouches are a common flexible packaging format for wet petfood and are the modern and flexible packaging solution. Wet Humanfood Preserved Food packed in Pouches are the modern and flexible alternative for traditional rigid packaging solutions. Dry Petfood Dry Petfood in Bags and Pouches are an efficient and convenient packaging solution for multi-use formats. 37

38 Processed Meat: Films & Laminates Retort Lidding Retort lidding films and laminates are convenient and can be based on aluminum or plastic-barrier films. Chilled MAP Films Flowpacks and Lidding Films with special barrier properties to be used also for modified atmosphere packaging. Dry Laminates Packing laminates for dry, meat-based products. 38

39 Dairy: Die Cut Lids Die Cut 2020 A coextrusioncoated die cut lid with a thin aluminum layer of 20 µm. Unembossed Lid The proven heat seal lacquered unembossedaluminum die cut market standard. Paperlid The 3-layer aluminum free die cut lid solution. 39

40 Dairy: Reel Fed Lidding Alu FFS Aluminum reel fed lidding material specification for FFS fillers. Flexpap An aluminum free Paper/PET laminate sealing against PS. Banderole Paper based banderole to enhance the packaging of a product. High- Gloss and Metallized available. 40

41 Dairy: Yellow Fat Wraps & Cheese Flow Wrap Film laminate solution for flow wrap packaging. HD-flexo or gravure printed plus pattern lacquer possible. Comiwrap Polyolefin Film with high amount of mineral fillers. Melted Cheese Packaging System Constantia Flexibles system supplier for melted Cheese packaging: shell foil, lid foil and tear strip. 41

42 Dairy: Specialities StickPack For packing dairy products into a duplex or triplex flow wrap, adapted accordingly to the filling good and the customer request. Topper A plastic cover filled with any ingredients e.g. muesli, cornflakes, closed by a die cut lid & applied on top of the yoghurt pot. Promotion Coding Wide array of solutions for promotional coding: Inkjet: the individual code is printed possible on both sides Reverse print: limited codes available. 42

43 Food: Confectionery Foil Wrap for Seasonals & Pralines Special tailormade aluminum alloy for deep draw application with outstanding deadfold. Tablet Foil Classic aluminum wrapper for chocolate bars. Chewing Gum Inner & Outer Wrapper Aluminum paper laminate for chewing gum inner and outer wrapper. 43

44 Food: Confectionery Film Twist Wrap Twist solutions with multilayer for very specific customer requirements. Confectionery Pouch Wide variety of film laminates with excellent seal properties. Film Laminate for Salted Snacks Specialized production on dedicated printing line with inline lamination. 44

45 Food: Processed Foods Liquid Pouch Reel-fed plastic material for pouches containing liquid beverages. Foil Laminate for Soup Cubes & Yeast Mono materials or aluminum laminates with film or paper, in form of folded or sealed cubes. Soup Pouch Special developed multi layers for all kind of packaging formats: pouch, doypack, etc. Available matt/glossy effect. 45

46 Food: Coffee & Tea Coffee & Tea Packs Special developed multi layers for all kind of packaging formats: pouch, doypack, sachets, etc. Lidding for Coffee Capsules Lacquered, coex-coated or laminated materials for closing of any PP-, PEand PBT-based capsules. Printing Effects A selection of exclusive features which can be applied on various packaging solutions for brand differentiation & premium appearance (e.g. matt/glossy, metallized, paper touch). 46

47 Pharma: Coldform Coldform Most economical ultra high barrier blister packaging Coldform Lotus Customized solution with antistick effect Coldform DryFoil Coldforming Foil with active moisture protection Coldform Penta Coldforming Foil supporting outstanding pocket dimensions 47

48 Pharma: Blister & ACF Blister High Performance Lidding Foils for blister packaging Blister Eco Economic PVC blister lidding for products with lower barrier requirements Blister All in one Blister Lidding Foil suitable for all printing systems Anti-Counterfeiting Security Foil Simple qualification run due to no change in specification 48

49 Pharma: Specials & Laminates Safemax Aluminum Container for pharma products Contact lenses Lidding Foil for Contact Lens Packaging Stick Pack Convenient and economic for moisture sensitive solid, liquid and semi-liquid products Sachet Reliable product protection with high seal integrity 49

50 Health & Home and Personal Care Promotional & Retail Sachet Customized packaging solution for your individual needs Doypack Customized structures that fits your needs Bag on valve High performance laminates suitable for demanding applications Retail Sachet with Breathability Laminate for products which degas over time 50