ALTOGETHER MORE SUSTAINABLE. The Canmaker Summit 2013 Edinburgh

Transcription

1 ALTOGETHER MORE SUSTAINABLE The Canmaker Summit 2013 Edinburgh

2 From Pechiney, Alusuisse, and Alcan to Constellium: A long and rich experience in Aluminium More than a century of growth 1855 Pechiney 1888 Alusuisse 1902 Alcan 2000 Alcan Aluminium Limited merges with Algroup/ Alusuisse 2003 Alcan Inc. acquires Pechiney 2007 Rio Tinto acquires Alcan January 2011 Rio Tinto sells 51% of Alcan Engineered Products to Apollo, 10% to FSI and keeps the remaining 39% stake May 2011 Alcan Engineered Products is renamed to Constellium May 2013 Constellium commences trading on the New York Stock Exchange and NYSE Euronext Paris 2

3 ENTERING A NEW ERA 3

4 CONSTELLIUM BECOMES A PUBLIC COMPANY WITH THREE MAJOR SHAREHOLDERS Shareholding Structure as at June 26 th, % 12.23% 5.17% Public shareholders (19.07%) Constellium commences trading on New York Stock Exchange on May 23 rd, 2013, and on NYSE Euronext Paris on May 27 th, % 27.53% (12.23%) 49% owned by the French government Boost France s competitiveness (36.00%) (27.53%) (5.17%) Leading private equity firm, with extensive experience in metals Dec. 31 st, 2012: $112 bn under management Leading international mining group Acquired Alcan in 2007 Management KG Legacy management equity plan for Constellium senior managers 4

5 CONSTELLIUM AT A GLANCE 8,845 permanent employees millions in sales 26 manufacturing sites World-class R&D centre in Voreppe, France Headquartered in Amsterdam,The Netherlands. Operational headquarters in Paris, France, and Zurich, Switzerland. 5

6 A LEADER IN ALUMINIUM-BASED PERFORMANCE MATERIALS Aerospace and Transportation #1 worldwidefor aerospace plates (b) #1 in the USAfor large coils (b) #2 worldwidein general engineering plates (a) Automotive Structures and Industry #1 in Europefor large profiles (b) #1 in Europefor hard alloy extrusions (b) #2 worldwidein crash management systems (b) Packaging and Automotive Rolled Products #1 worldwidein closure stock (b) #1 in Europefor can body stock (a) (a) CRU International Limited, based on data regarding the year ended 2011 (b) Based on Company internal market analysis 6

7 OUR CUSTOMERS: MARKET LEADERS IN THEIR INDUSTRIES Aerospace Automotive Packaging 7

8 FOUR STRATEGIC LEVERS Selective Growth Focus on high-added value products and on selected segments Aerospace Automotive Packaging Build global footprint Active portfolio management Product Leadership Differentiation by Innovation and alloy development Joint product development Technical support Supply chain and recycling solutions Marketing/branding Environment, Health & Safety (EHS) is one of Constellium's core values Sustainability and recycling Commitment from all levels of the organization Continued improvements recorded on road to zero accidents Best-in-class EHS Continuous improvement & productivity in all we do Lean Transformation Permanent processes optimization (capacity footprint, working capital optimization, IT, etc.) Commercial excellence Operating Excellence 8

9 45 SUSTAINABLE MARKETS BEVERAGE CANS/CAN STOCK- EUROPE Can market, Bn alu cans 49 Equivalent alu demand Kt (CBS & ETS) AUTOMOTIVE SHEET (BODY IN WHITE) Lightweight material for CO2 savings Impressive demand increase in automotive sheet on a worldwide basis Worldwide BiW Growth [kt] %/annum Aluminium canstock steady growth due to Healthy development of end markets Packaging mix evolving towards cans Aluminium substituting steel Source: Canmaker, CRU, Constellium estimates China US EU

10 PACKAGING: A STRATEGIC MARKET FOR CONSTELLIUM Markets Products Beverage Food Cosmetics/Beverage Food/Pharmaceuticals Beverage/Cosmetics Beverage Can Food Can Screw caps Foil Aluminium Bottle An introduction to Constellium November,

11 WORLD CLASS INTEGRATED SITES BACKED BY STRONG R&D CAPABILITIES FOR PACKAGING Ideally positioned in Europe s industrial heartland Sites Distinctive Assets Neuf- Brisach (France) Most highly integrated rolling mill in Europe, from recycling to coating World class recycling shop (aluminium processing scraps, UBCs & other used products) Capacity: 450 kt Singen (Germany) Special surfaces (e.g. Bright) Fast process Combined extrusion and rolling capacity: 290 kt Voreppe (France) Broad spectrum of research capabilities: Metallurgy, Material Characterizations, Formability, Recycling Expertise in Food Contact, Life Cycle Assessment Can & End, Surface Treatment & Coating pilot lines

12 OUR INNOVATION TRACK RECORD Bottle D&I canstock Breakthrough range of products for aerospace Material for Maxi-Crown Surfalex Innovative product for body in white automotive.. COREVO Alu foam for (r)evolutions in heat exchange, acoustics and structures. Special surface which stays bright under intensive and frequent washing.

13 ALTOGETHER, OFFERING SOLUTIONS TO DEMANDING CUSTOMERS Beverage & Food metal cans markets needs quality and flexibility due to a strong seasonality and volatility - Lean Approach (pull flow) - Supply Chain solutions (late differentiation) - Capacity Management - Quality Optimisation - Technical Support (dedicated team) - Product Development (innovation, R&D) An introduction to Constellium November,

14 ALTOGETHER, OUR PARTNERSHIP WITH TOOL MANUFACTURER LEADER In 2013, Constellium and Sandvik agreed to work on new developments to fulfill customers expectations: Downgauging : better wall thickness control to avoid fat cans Tool lifetime : reduce toll wear Line efficiency : increase speed (st/min) and reduce tear off Can quality : better surface quality, shiny aspect Working on metal AND tools at the same time multiplies improvement opportunities with likely higher success rate. An introduction to Constellium /11/

15 ALTOGETHER, ANTICIPATE LEGISLATIVE CHANGES-BPA Constellium has worked closely with canmakers over the last year. We have now a solution to offer BPA NI coatings on beverage and food. An introduction to Constellium /11/

16 ALTOGETHER, LETS FOCUS ON END OF LIFE RECYCLING CO2 footprint index- 33 cl container 130 Average Alu European Can using recycled content approach (40% average in Europe) Average PET bottle 33cl 105 With End of Life Recycling Rate of 52% Average Alu European Can With the End of Life Recycling Rate of 67% European Energy Mix 100 Constellium Average Can With the End of Life Recycling Rate of 67% Constellium Energy Mix 80 Source: PE study Life Cycle Inventory and Impact, Analysis for beverage cans; Constellium LCA analysis

17 ALTOGETHER, OUR COLLABORATIVE APPROACH ON SUSTAINABILITY - Active participation to European and National associations to increase recycling - No metal packaging should go to landfill invest in collection, sorting and recycling - Keep all material into the material loop - Focus on recycling rate not recycled content - Support actively out-of-home can collection such as Every Can Count - Commit to increase recycling rate of beverage can to 75% in 2015 and aluminium rigid packaging to 80% in Founding member of the Aluminium Stewardship Initiative: aiming at creating a standard for responsible aluminium. An introduction to Constellium /11/

18 ALTOGETHER MORE SUSTAINABLE: OUR KEY OBJECTIVES AND TARGETS

19 ALTOGETHER MORE SUSTAINABLE - Responding to high growth segments (packaging, cars.) - Bringing innovative solutions (D&I Bottle & Aerosols, BPA NI coatings ) - Responding to canmakers daily challenges (technical support, flexibility, reactivity) - Cooperation with industry players to promote metal packaging (MPE) - Improve CO2 footprint of the metal packaging - Developing partnerships for longer term efficiency improvements An introduction to Constellium /11/

20 THANK YOU VISIT OUR WEBSITE 20