Ahlstrom Company presentation

Transcription

1 Ahlstrom Company presentation February 2014

2 Ahlstrom today High performance fiber-based materials company Approximately 3,500 employees in 24 countries on six continents Net sales EUR 1 billion in 2013 (continuing operations) Founded in 1851, constantly moving forward Listed on the NASDAQ OMX Helsinki since Ahlstrom Corporation 2/20/2014 Page 2

3 Business areas Advanced Filtration Building and Energy Food Medical Transportation Filtration is a global supplier of air and liquid filtration materials, with a leading market position in life science and gas turbine filtration is one of the leading players globally for materials used in wall coverings, floorings and windmill blades is one of the leading players globally for materials used in tea bags, coffee cups, molds, trays, food packaging and masking tape is one of the leading players globally for materials used in medical gowns and drapes, apparel and sterile barrier systems is the global leader in transportation filtration materials 2012 Ahlstrom Corporation 2/20/2014 Page 3

4 Creating value 1. Primary production Natural fibers: wood, cotton, hemp Oil and petrochemicals 6. Consumers 2. Raw material supplier Pulp producers Synthetic fiber producers (PET, PP, glass) Chemical suppliers 5. Marketer / seller World class consumer or industrial brands 3. Ahlstrom Other roll goods producers 4. Converters and industrial customers Healthcare and consumer goods suppliers Transportation industry suppliers Air and liquid filter manufacturers Packaging industry Wallcover printers and designers 2012 Ahlstrom Corporation 2/20/2014 Page 4

5 Strategy statement We will grow with a high performance product offering for a clean and healthy environment 2012 Ahlstrom Corporation 20/02/2014 Page 5

6 We have successfully executed our transformation strategy during New Ahlstrom key customers and Asia One Ahlstrom, common processes Divestment of small noncore businesses Focus on Divestment of Home and Personal business Demerger of Label and Processing business Ahlstrom Corporation 2/20/2014 Page 6

7 We have selected our key markets Customer markets Applications Served by Food Beverage Medical Care Life Science Materials used in food and beverage packaging, water filtration and other consumer goods Materials used in medical fabrics, diagnostics as well as laboratory and life science applications Business areas: Advanced Filtration Transportation Energy Environment Building Materials used in automotive and heavy-duty air, oil and fuel filtration, reinforcements and other transportation applications Materials used in energy production, gas turbines and other environment-specific applications Materials used in construction and decoration applications such as wallcovers, flooring and masking tape Building and Energy Food Medical Transportation Filtration 2012 Ahlstrom Corporation 2/20/2014 Page 7

8 Global megatrends drive our growth Resource scarcity, energy and environment We design products that minimize environmental impacts We are the global leader in environmentally friendly transportation, offering a comprehensive range of filtration media enable reduced emissions Our production processes allow more efficient use of raw materials, energy and water Emerging needs in healthcare We focus on laboratory and point-of-care medical testing and diagnostics We offer a comprehensive range of single-use medical materials that enable safe medical care Demographics and urbanization We are a leading provider of high quality functional materials for construction and home decoration We provide safe, convenient and innovative food and beverage packaging 2012 Ahlstrom Corporation 2/20/2014 Page 8

9 Our strategic enablers A high performance product offering for a clean and healthy environment Co-creation and open innovation Competent people with a passion for results Differentiated products to meet specific customer needs Deep partnerships with customers, partners and suppliers Technology and manufacturing platforms Unique know-how of fibers, chemistry and materials technology Flexible manufacturing capabilities Environmentally sound technologies utilizing renewable materials Global reach and local insights Global operations, local sales and technical service Global product offering, customized to market needs Resource-efficient value chains 2012 Ahlstrom Corporation 2/20/2014 Page 9

10 We have sustainable and profitable growth opportunities CURRENT BUSINESS Laboratory and life science Wallcovers Specialty reinforcements Medical fabrics Food and beverages packaging Air, oil, and fuel filtration HIGH GROWTH AREAS Clean Water Medical Diagnostics Composites CURRENT AND FUTURE BUSINESS - IMPACT ON SOCIETY Clean drinking water Clean air Energy efficiency Well-being and quality of life Safe medical care Light and durable structures 2012 Ahlstrom Corporation 2/20/2014 Page 10

11 Building a strong and sustainable product portfolio 2013 Ahlstrom Corporation 2/20/2014 Page 11

12 Ahlstrom s product development process Idea generation Outcome-Driven innovation Managing product development process and product portfolio Commercialization of products Better understanding of customer needs Accelerate the commercialization of new products 2013 Ahlstrom Corporation 2/20/2014 Page 12

13 Sustainability as a key driver in product development EcoDesign approach is based on life-cycle assessment The target is to minimize the environmental impacts of a product over its whole life-cycle EcoDesign approach is a continuous improvement process focusing on: Technical performance Cost efficiency Environment 2013 Ahlstrom Corporation 2/20/2014 Page 13

14 Key financials

15 Net sales development More focused portfolio MEUR 2000 Includes Home and Personal, Label and Processing Includes Label and Processing, Brazilian part of Home and Personal LP Europe included until May 27, Brazilian parts of Label and Processing and Home and Personal and two production lines in Osnabrûck included throughout , , , , , Continuing ops. Discontinued ops Ahlstrom Corporation 20/02/2014 Page 15

16 EBITDA and operating profit EBITDA Operating profit ex. NRI Continuing ops. Discontinued ops. % of net sales (Cont. ops.) Continuing ops. Discontinued ops. % of net sales (Cont. ops.) MEUR % MEUR % * * *2012 figures are restated and 2013 figures reported according to new IFRS standard on employee benefits Ahlstrom Corporation 20/02/2014 Page 16

17 Dividend proposal Aim is to pay a dividend of not less than one third of net cash from operating activities after operative investments, calculated as three-year rolling average. The Board of Directors proposes to the Annual General Meeting that dividend in the aggregate maximum amount of EUR 14.0 million, or EUR 0.30 per share, shall be paid as follows: (i) Dividend payable in Munksjö Oyj s shares: Each 26 Ahlstrom s shares entitle their holder to receive 1 share in Munksjö Oyj as a dividend. Ahlstrom shall distribute to its shareholders as dividend a maximum of 1,795,023 shares of Munksjö. (ii) Dividend payable in cash: A dividend of approximately EUR 0.09 per share be paid in cash from the retained earnings. As per January 30, 2014, the number of shares of the Company amounts to 46,670,608 based on which the maximum amount to be distributed as dividend payable in cash would be approximately EUR 4.3 million. Ahlstrom intends to pay dividends in cash and Munksjö shares also in the future. *Proposal by the Board of Directors **Consisting of a dividend of EUR 0.87 per share and an extra dividend of EUR 0.43 per share. 2,0 1,5 1,0 0,5 0, Dividend per share ( ) ** * 26 Total amount of dividends paid (EUR million) * 2012 Ahlstrom Corporation 20/02/2014 Page 17

18 Shareholders Major shareholders (31/1/2014) Shareholder structure (31/1/2014) 1. Vimpu Intressenter Ab 10.51% Antti Ahlström Perilliset Oy 10.02% 3. Varma Mutual Pension Insurance Company 3.28% 4. Huber Mona Lilly 2.69% Tracewski Jacqueline 2.16% 6. Nahi Kai Anders 1.71% Kylmälä Tauno Kim 1.65% 8. Lund Niklas Roland 1.49% 9.. Studer Anneli 1.43% 10. Kylmälä Kasper Johannes 1.41% Ahlström family members hold approximately 2/3 of the shares* *Ahlstrom Corporation is not aware of any shareholders agreements relating to its share 10.9 Public sector institutions Financial and insurance institutions Non-profit institutions Nominee registered Corporations Foreign holders Finnish private investors 2012 Ahlstrom Corporation 2/20/2014 Page 18

19 Inspiring people, passionate about new ideas, growing with our customers Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Core Purpose Vision Brand Promise Values Act responsibly Create value Learn and renew Performance, Improvement, Certainty, Simplicity 2012 Ahlstrom Corporation 2/20/2014 Page 19

20 Thank You Ahlstrom Group P.O. Box 329, Alvar Aallon katu 3 C FI Helsinki, Finland T: +358 (0) F: +358 (0) info@ahlstrom.com