Viohalco Presentation 0510 Gr
73
1 Εταιρική Εταιρική Παρουσίαση Παρουσίαση Μά Μά ϊ ϊ ος ος 20 20 10 10
Transcript of Viohalco Presentation 0510 Gr
20101
. , , . 2009 ( . ) 4%
2004
2005
2006
2007
2008
2009 30% (254 KT) 41% (1.753 KT)
( . )EBITDA
2,154
2,332 8% 219 - 15% 20 - 80%
3,275 40% 405 85% 113 465%
3,683 12% 394 - 3% 84 - 26%
3,763 2% 183 - 54% - 11
2,298 - 39% 91 - 50% - 77
259
( . )EATAM
100
( . ) ( / )
KOY 26% (160 KT)
7.5
7.5
8.0
12.5
6.0
2
-
1937. 1947. FTSE-20
90
7
2001 1,4 .
, , , .... ,
3
/ ,
, .. ( ) ANAMET .. .. .. .. ( -) ..( )
/
.. ( ) ISO 9001
70%
60 10%
METAL AGENCIES
TEPRO METALL
GENECOS ALURAME METAL GLOBE
STEELMET ROMANIA STEELMET BULGARIA
DOMOPLEX
6
(.)
6.6% AGR = C4.000 3.500 3.000 2.500 2.000 1.500 1.000
3.274 (+40%) 2.331 (+8%)
3.683 (+13%)
3.763 (+2%)
1.210500 2000
1.323 (+9%)
1.508 (+14%)
1.549 (+3%)
2.154 (+39%)
2.297 (- 39%)
2001
2002
2003
2004
2005
2006
2007
2008
2009
7
(.)
4.000 3.500 3.000 2.500 2.000 1.500 1.000 50035% 34% 29%
30% 31% 37% 26% 27% 34% 42% 40% 29%
25%
26%
23%
30%
36%
34%
29%
26%
39% 39% 33% 26% 28% 31%
37%
38%
45%
41%
0 2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
8
(. )(2009 )6% 5% 5% 3% 29%
50%
.E.
4.000 3.500
72%
70%
3.000 2.500 2.000 1.500 1.000 500
65% 64% 52% 51% 45% 49%2001 2002
68%71%
53% 32% 28% 30%29%
55% 0 2000
47%2003
48%2004
36%2005
35%
2006
2007
2008
2009
9
(. )
450
404 (+84)
394 (-3%)
& . EBITDA
350259
250
219 (-15%)
227 (+282%)
210 (-7%)
183 (-54%) 91 (-50%)
150100104
113 (+460%) 59 (-43%) 20 (-80%)
84 (-26%)
50
2004
2005
2006
2007
-11
2008
2009
-50
-35-77
-90
-150
10
EBITDA (. )450
400
350
20%
22%
300
250
24% 30% 30%
22% 31%
200
16%150
22% 54% 54% -10% 48%
100
50%50
46%
79%
22% 24%
20 04 2 00 5 2 0 06 20 0 7 20 0 8 2 0 09
11
% EBITDA (adj. )19%
18%14%
14% 11% 12% 10% 9% 7% 8%
15%12%
9%
9% 6%
8%4%
6%
8% 7%
6% 3% 2%2009
4% 0%2004 2005% EBITDA % EBITDA
-1%
2006
2007STEEL ADJ COPPER ADJ
2008
% EBITDA ALUM INIUM ADJ
12
(. )2009 2008 2007 2006 2005 2004 28 254 260 411 327 25 333 256 302 65 489 47 129 51 446 553 989 672 633 1.102 1.106 893 763
1.681 1.769 1.976 1.777 1.482 1.825 1.464 1.844 2.012 2.037 1.919 1.832
1.082
1.290 1.417 1.884 2.095 1.862
1.346
13
/ (. )
4.500 4.000
/ 2,19 3.715 4.014 3.873 2,19 3.384
2,25
2,20
3.500 3.134 3.000 2.500 2,14
3.242
2,15
2,10 2,09 2,03 1.976 1.769 1.681 2,01 2,00 2,05
2.000 1.500 1.000 1.464 1.482
1.777
1,95 500 2004 2005 2006 2007 2008 2009 1,90
14
./ (. ) . . / . / . 2,25 2,25
2.500
2,50
2,222.000
2,00
1,86 1,541.500
1,43
1,50
1,031.000
0,97 0,78 0,82
0,88
0,79
1,00
500
0,50
2004 2005 2006 2007 2008 2009
-
15
(. )1.400 . % / 1.200 48% 1.037 1.000 40% 800 32% 29% 600 20% 400 30% 30% 48% 1.126 1.052 1.071 1.114 46% 1.046 50% 60%
200
10%
2004 2005 2006 2007 2008 2009
0%
16
(. )
1.600 1.400 1.200 1.000 800 600 400 200 1.202 1.126 1.052 971 1.127 1.069
1.435 1.364 1.201 1.071 1.114 1.025 935 1.023 1.046
Q4 05 Q1 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09
17
. / (. )
. E2.500
.2,50
. / .
2.000
1,96 1,79 1,67
2,00
1.500
1,50
1,261.000
1,27
1,291,00
500
0,50
2004 2005 2006 2007 2008 2009
-
18
EBITDA /
8,00 7,19 7,00 6,00 5,00 4,00 3,00 2,09 2,00 1,00 2004 2005 2006 2007 2008 2009 2,13 6,64
5,36 4,62
19
.E. (. )
75 65 55
73
4845 35
39
336
2225 15 5 -5
123 92004
142 122005
25 17
27
43 1
2006
2007
2008
2009
20
.E.
/0,140 0,120 0,100 0,080 0,060 0,040 0,020 2004 2005 2006 2007 2008
0,125
0,080 0,075 0,075 0,060
21
22
. ,
m2
,
2.165
23.215
23
& .. 96,
m2
. 96,
. 96,
- (2) . Parking
.
50.03159.415
25.170 20.000
16.823
24
, , 252,
m2
252,
..
,
72.175
-
47.094
25
, . 115,
m2
. 115,
SANITAS ..
parking
4.710
-
19.550
26
, 57,
m2
- . 57
VAL A.E.
(2)
4.050
809
3.614
27
& (BIC),
m2
O
, (BIC)
22.045
-
9.314
28
,
m2
,
73.575
-
22.404
22.046
29
- 33,
m2
39,
VAL A.E.
(E)
7.538
-
3.279
30
, 29,
m2
29
VAL A.E.
2 + 4
3.264
7.164
1.694
31
//
m2
2- 4, 81,
VAL A.E. VAL A.E. VAL A.E.
1, 19. .. "", 74 . . .. -
5 2
,
-
-
83 252 10
VAL A.E.
( ) (camping)
12.912
-
4.062
VAL A.E.
115.140
-
1.710
5 SANITAS , , . .. 5 SANITAS . ..
39.095
-
9.740
1.941
-
-
-
..
, /
11.250
-
3.255
, . , .
.. ..
211.320 4.050
-
-
& 33
34
35
, : , , , . , .... : ~3,6 MT/ ~3.6 MT/ . * . : ~ 970 MT/. SOVEL . SOVEL . 36
&
* (2010)
, : ~560 MT/ : (SBQs)
&
37
....
(1991) 800 MT/(1)
(2001) 1.350 MT/ (1999) 1.200(4) MT/
(1998-99) 800 MT/ 40 MT/(2)
170 MT/
(2002-3) 1.400 (3) / (2003-4) 400 KMT/ 1.000 KMT/ 30 KMT/
(2006) 200 MT/ 20 MT/ 10 MT/
: 1. 2. 3. 4.
600 MT/ , 800 MT/ 600 MT/ , 800 MT/ 1.200 MT/ , 1.400 MT/ 900 MT/ , 1.200 MT/ Compact Mill (2010)
38
..: 375 MT/ ..: 2,000,000 / ..: 6,300,000 / ..: 400 MT/
& 125 MT/
39
( MT)2.500 2.000
Dojran Stomana
1.500 1.000 500 0 1998
& Sovel
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2.500 2.000 1.500 1.000 500 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 40
(. )
1.800 1.600 1.400 1.200 1.000 800 600 400 200 2004 2005 2006 2007 2008 2009
916
957 (+ 5%)
1.228 (+28%)
1.390 (+13%)
1.713 (+23%)
938 (-45%)
41
(. )
2009
19% 18%20% 17% 18% 14%
50%
2008 2007 2006 2005
44% 44% 45%
41% 38% 40%
41%2004
39% 38% 40% 41%
43%
42
(. )
300 250 200 150 100 59 50 -
& . EBIT DA 220 (+117%) 213 (- 3%) 140 (- 34%) 47 (- 66%) 29 (- 68%) 22 (- 84%)
129
144 (+366%) 108 101 (- 22%)(+564%) 31 16(- 50%) (- 73%)
139 (- 4%) 92 (- 15%)
62
2004 - 50 - 100
2005
2006
2007
2008
2009 - 59
- 71
43
(. )
600 551 498 500 54% 58% 464
. % . / 489 497 420
70%
60%
50% 45%
400 38% 35% 300 29%
40%
30% 200 20% 100
10%
2004 2005 2006 2007 2008 2009
0%
44
./ (. )
. / 1.000 900 800 700 600 500 400 300 200 100 2004 2005 2006
. /. 3,00 2,70 2,40
2,05 1,75 1,62 1,33 0,88 0,65 0,68 0,79 0,85 1,31 1,78
2,10 1,80 1,50 1,20 0,90
0,740,60 0,30 2007 2008 2009
45
46
267.000 (2009) 80%
( 2.5 ) (8 ) & , , Furukawa Sky Aluminium ()
47
BRIDGNORTH ALUMINIUM(75%)UK
ETEM(58.78%)
& & (Etalbond)
foil
(99.99%)
ELVAL COLOUR(95.94%)
&
Brazing (JV Furukawa)
(50%)
(50%)
,
: (31.12.2009)
48
( - )
BRIDGNORTHALUMINIUM (Bridgnorth - UK)
ETEM( - )
: 444,000 .. : 133,000 sqm 09: 179,659 tn
: 110,000 .. : 28,000 sqm 09: 64,598 tn
: 73,000 .. : 27,000 sqm 09: 10,281 tn:
FURUKAWA SKY BRIDGNORTH ALUMINIUM 25% 2009
49
~260 MT/
~300 MT/
~265 KMT/
~240 MT/
5 5 1 1
2 2
3 3
2 Foil 2 Foil Foil Foil
50
, & , , & ,
(, , Foil)
(, )
, &
, , ,
(Foil)
(, )
, ( ), 51
, ,
/ (, )
()
, ,
(ETALBOND)
52
& , ,
,
53
20.000 2004 : 2.800 &
54
( ) / 300
BRIDGNORTH ETEM 230 209
281 262 259 26557 50 49 49
26724 33 66 65 32
250
200
38
(000 tons)150
18138 19
23
25
33
33
13713
14114
34 17
17 25
96100
54 12450
127
130
154
173
189
185
183
191 145 131
96 54
0 1990 1995 1999 2000 2001 2002 2003
2004
2005
2006
2007
2008
2009
2% 4% 4%
39%
12%
20% 19%
&
(. )
1.000 900 800 700 600 500 400 668 300 200 100 2004 2005 2006 2007 2008 2009 860 (+22%) 980 (+14%)
902 (-8%) 690 (-24%)
706 (+6%)
56
(. )
100 82 (+24%) 80 77 66 (-14%)
87 (+5%)
60 38 26 20 16 (-39%) 10 (-74%) 30 (+86%) 21 (+109%) 31 (+4%) 33 (-62%)
44 (+34%) 22 (+5%)
40
2004 -20 2005 2006 2007 -9 2008 -6 2009 -8
-40
& . EBIT DA
-29
57
(. )350 35% 300 33% 29% 250 248 233 234 27% 200 20% 150 15% 100 10% 50 . % . / 279 264 31% 240 30% 40%
35%
35%
25%
5%
2004 2005 2006 2007 2008 2009
0%
58
./ (. )
. /
. / .
600
3,00
2,80500
2,56 2,26
2,53
1,84
2,50
400
2,00
1,663001,50
1,06200
1,13
1,12 0,93
1,041,00
0,98
100
0,50
2004 2005 2006 2007 2008 2009
-
59
60
1.
2. 3.
4.
340 . 2000
61 61
TALOS
, , , , -
CuSmart
, , ( , , , , ), & ), connectors, (connectors, , , boilers, , , .) .) , , , & ( , , , .)
62
4 , 716 60.000 .. 75.000 .. 40.000 ... & 20.000 .. & ISO 9002, 9001, 9001:2000, 14001
3 , 1 , 971 114.000 .. , 40.000 ..
1 , 431 100.000 .. & 25.000 .. & ISO 9001:2000
EN ISO 9001:2000, 14001
63
, ,
10
64
, Sofia Med 2000 2000-2009 : 118 . SOFIA MED( , )
65
9 10 , 2 1
66
( ) (.000 tn)
+10,2%
+9,9%
-2,5%
250+17,4% +0,5% +4,9%
+13,1%
+1,1%
224,1 20412,6 19,3 69,9 15,9 21,6 78,8
218,616,5 28,1 74,6-26,7%
200153,6
183,26,5 21,9 67,4 25,9 61,52004
185,26,8 16,7 65,6 37,4 59,32005
154,42,3 23,5 54,3 23,6 50,72002
1622,6 22,3 60,8 23,2 53,12003
160,311,3 11,5 67,7
150 100 50 0
130,82,5 1,6 57,7 23,9 45,12000
3,8 19,3 61,6 24,3 44,62001
38,8 63,4
44
39,5 29,1 59,92008
63,8
40,72009
2006
2007
Ms
Cu
67
(. )2009 1% 4% 2%
4%
1.400 1.300 1.200 1.100 1.000 900 800 700 600 500 400 300 200 100 2004 2005559
89%
1.247 (+74%)
1.369 (+10%)
1.200 (-12%)
718 (+28%)
679 (-43%)
682006 2007 2008 2009
(. )
120 100 80 60 43 40 20 2004 -20 -40 -60 2005 14 13 13 (-3%) 3 (-75%) 48 (+12%)
95 (+100%)
86 (-9%)
52 (+315%) 36 (+930%)
33 (-36%) 20 (-44%) 4 20 (+409%)
2006
2007
2008 -19
2009 -22
& . EBIT DA-48 -56
69
600 60% 500 50% 400 334 300 357 38% 36% 473
. % . / 59% 424 402
70%
499
60%
50%
40%
26% 200
30%
20% 100
10%
2004 2005 2006 2007 2008 2009
0%
70
./ (. )
. /
. /.
800
2,00 1,82 1,68
2,00
1,941,80 1,60
700
600
1,45
1,40 1,20 1,00
500
1,16400
0,91300
0,90 0,77
0,80 0,72 0,68
0,80 0,60
200 0,40 100 0,20 2004 2005 2006 2007 2008 2009
-
71
.. ( ) . . , , , , , , . , ( ) . , (...) . , . , , . . ( ). , . 19 (5) Financial Services and Market Acts 2000 (Financial Promotions) order 2005 ( ) ( ). , ( ) , . ( Financial Services and Market Acts 2000 (FSMA) FSMA), FSMA . , . . . . , , , , , : , , . , . , , , . , .
72
73
