Investor Presentation
Sep'23
Kordsa.com
Goodness for the Whole World
We reinforce life.
2
Successfully Building the Future of Reinforcement
ANAHEIM, CA | QUAKERTOWN, PA | ITALY |
IZMIT | ||
SANTA ANA, CA | LAUREL HILL, NC | |
ISTANBUL | ||
CHATTANOOGA, TN | ||
SAN MARCOS, CA |
THAILAND
INDONESIA
BRAZIL
4 | 13 | +4,500 |
CONTINENTS | FACILITIES | EMPLOYEES |
Composite
Reinforcement
Tire
Reinforcement
Construction
Reinforcement
R&D
Center's
2 R&D
CENTERS
3
Reinforcing 1 out of every 3 automobile tires as well as 2 out of every 3 aircraft tires globally
Global Leading Position | 01 | Trusted Partner | 02 |
Agile production capabilities / demand fullfillment
#1 TCF Producer
Leading player in Ox-Ox Ceramic Matrix Composites
CTCE : Industry & University Partnership
Longstanding Strategic Partner Status with all Global Tire Players Sole supplier of B787 Dreamliner in NA
Partner of Orion Capsule
Resilient to global supply chain crisis
Natural Hedge to FX/Turkey Position | 03 | Strong Relative Share Performance | 04 | ||||||||||||
Domestic | Relative Return vs BIST 100 | ||||||||||||||
EUR- | 6% | ||||||||||||||
Basis | 77% | ||||||||||||||
22% | |||||||||||||||
54% | Covid | ||||||||||||||
Fx-Based | Shipment | ||||||||||||||
USD- | Effect | Weak Financial | |||||||||||||
Revenue | -Based | 18% | |||||||||||||
Basis | 13% | Performance | |||||||||||||
78% | Revenue | ||||||||||||||
-7% | |||||||||||||||
International | -45% | ||||||||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 YTD | ||||||||||
94% | |||||||||||||||
4
Highly successful reinforcer growing into an advanced materials company
Kordsa
"The Reinforcer"
01 Tire Reinforcement
02 Composite Reinforcement
03 Construction Reinforcement
Advanced Materials
(Composites and Sustainable
Chemicals)
Vertical Integration
of Composites
Sustainable Chemicals
Platform Bio
Chemicals
Bio polymers
Chemical
Recycling
5
4 main pillars have been clearly defined to complete Kordsa's Advance Materials convergence
Drivers
Pillars
Globally proven competitive manufacturing capability
Strong R&D capabilities on polymers & chemicals
Cost competitiveness through global high quality, lean and agile structure
Competent workforce with strong material science and engineering background
Vertical Integration of Composites
Platform Bio
Chemicals
Bio polymers
Chemical
Recycling
Securing supply chain and sustainability targets
Market → 3.5Bn USD (2022)
CAGR → 12.5%
Sustainable Chemicals
Large commercial value, based for bio products (Polymers, fuels, ingredients...)
Market→16.9Bn USD (2022), CAGR 12.5% (2019-25)
Competency on bio, recycled, virgin & high-performance polymers Market → 4.5Bn USD (2021) (Polymer Market 650Bn USD) CAGR >15% (2021-25)
Emerging, advanced recycling technology to replace virgin materials Market → 55Bn USD 2021 (<3Bn USD Chemical Recycling)
CAGR 18%-20% Chemical Recy. / 6%-7% Mechanical Recy.
6
Evolving to an advanced materials company, Kordsa invested 300+ M$ since 2014
Composite
Technology Center
of Excellence
Inorganic
Growth
4.0 | 2.8 | |
2.2 | ||
2020 | 2021 | 2022 |
Net Debt / EBITDA
30 M$ investment
Industry & University Partnership
Invested 300+ M$ between 2018-2022
Became a trusted partner in the aerospace industry in the USA
Expanded our competencies to the automotive segment in Europe
Growing globally by Microtex acquisition
Construction (Kratos)
R&D Platforms
Organic
Growth
Reinforcement materials for infrastructure and building
Doubled capacity in 1H'24
Annual +10 M$ revenue generated
Originate business through compounding, thin film,
sustainable chemicals
z
140 dedicated and competent employees
922 patents registration, 509 registered patents
Annual 10-12 M$ allocated to R&D activities
High-tech PET yarn
TCF Capacity Increases in USA
7
Despite all difficulties, we are moving forward
Kordsa Composite Revenue (M$)
Covid | ||
134 | Effect | 131 |
96
87
55
2018 | 2019 | 2020 | 2021 | 2022 |
Overall reduction of airline passengers by 60% compared to 2019
Focus on product & market diversification
Expanding our competencies to automotive industry & Europe through Microtex
Building a new technology center in Munich to reach out to European composite & construction customers
8
We believe in Sustainability
Science based | Sustainable Products |
objectives for | |
Collaborative and | |
challenging | |
Free Licensing |
1.5oC scenario
Out of 90,000 companies
Supplier Engagement and
Water Security leaders
Entered Istanbul Stock
Exchange Sustainability
Index for the 6th time
Turkey's best R&D
Center for the 4th time
9
Our competencies support us in evolving to an advanced material company
Excellence | People | Digital |
Global Integrated & Agile Manufacturing | Great Place to Work for 5 plants |
Footprint | |
High-end production capabilities (hybrid, | Recognition Awards |
UHT products) | 37% Women in White Collars |
TPM Excellence Awards (Turkey and | Competent Workforce with Ms/Phd |
Indonesia) | degrees in Global Technology |
Competitive landscape visibility | Future of Work - People Oriented |
Machine and design capability | Approach |
c c c
Global ERP Project
Connected Automation
Artificial Intelligence
Cybersecurity
Augmented / Virtual Reality Applications
RPA Applications
10
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Disclaimer
Kordsa Teknik Tekstil AS published this content on 23 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2023 07:42:37 UTC.