Be More strategy 2012-2015 March 2012 Be More strategy 2012-2015 - PowerPoint PPT Presentation

Be More strategy 2012-2015 March 2012 Be More strategy 2012-2015 �

BE MORE: THE NEW STRATEGY TO TACKLE THE GROWTH OPPORTUNITY… 2012 2012- -2015 2015 2012 2012 - - 2015 2015 2009 2009- 2009 2009 - - -2011 2011 2011 2011 The growth opportunity The growth opportunity The growth opportunity The growth opportunity Be ONE Be ONE Be ONE Be ONE The scale opportunity The scale opportunity The scale opportunity The scale opportunity Be More strategy 2012-2015 2

OUR VISION FOR THE FUTURE We want to be THE GLOBAL LEADER THE GLOBAL LEADER in the artificial casing THE GLOBAL LEADER THE GLOBAL LEADER • We want to be We want to be We want to be in the artificial casing in the artificial casing in the artificial casing market. market. market. market. • This vision means… • The global leader focuses its efforts to create value to our shareholders in a create value to our shareholders in a create value to our shareholders in a create value to our shareholders in a sustainable way. sustainable way sustainable way sustainable way • The global leader is a benchmark benchmark benchmark in efficiency and productivity in benchmark in efficiency and productivity in in efficiency and productivity in in efficiency and productivity in all the all the all the all the artificial casing artificial casing technologies. artificial casing artificial casing • The global leader is the reference for our customers the reference for our customers the reference for our customers for our good practises, the reference for our customers quality and service. • The global leader attracts and keep talented people and develops their attracts and keep talented people and develops their attracts and keep talented people and develops their attracts and keep talented people and develops their capacities capacities capacities capacities: A leader that build up a team that is committed with Group goals and vision, a team that foster innovation and best practises, a team that encompasses hard work and seamless collaboration between Group members. Be More strategy 2012-2015 3

Be Be Be Be M O R E M O R E M O R E M O R E Be More strategy 2012-2015 4

THE GROWTH OPPORTUNITY The market is consistently growing above the historical high-end range driven by growth in emerging countries… but also in developed ones. Artificial casings market growth Artificial casings market growth Artificial casings market growth Artificial casings market growth (Base 2006 = 100) 150 Artificial casings market CAGR (5.2%) Artificial casings market CAGR (5.2%) Artificial casings market Artificial casings market CAGR (5.2%) CAGR (5.2%) 140 Historical high-end average range (+5%) 130 Historical low-end average range (3%) 120 Pork & poultry production CAGR (2.4%) 110 100 90 2006 2007 2008 2009 2010 2011 2012e Be More strategy 2012-2015 5

DRIVERS FOR AN ACCELERATED GROWTH New production New New New production production production Population growth & Feeding habits Population growth & Feeding habits Population growth & Feeding habits Population growth & Feeding habits technology technology technology technology Meat industry is focusing on 7 Bn people productivity and cost control Globalization in current environment… (secular 1% growth) (Developing countries incorporate more …but also new products and meat in their diet, developed countries customization to increase market trends are related with GDP deceleration and fast food habits) share and added value Be More strategy 2012-2015 6

ALL REGIONS DELIVER GROWTH… BUT EMERGING AREAS ARE EVEN MORE DINAMYC Worldwide average Expense on casing per capita 0,28 0,28 0,28 0,28 0,23 7.0 7.0 7.0 7.0 Bn Bn Bn Bn PEOPLE PEOPLE PEOPLE PEOPLE +20% 2008 2011 2011 2011 2011 Expense on casing per capita (€) Population 1.08 0.99 4,296 0.28 0.28 0.28 0.28 0.33 1,051 0.11 771 Avge. Avge . Avge Avge . . 606 361 0.02 Europe Europe Europe Europe North North America North North America America America Latam Latam Asia/ Asia/Pacific Pacific Latam Latam Asia/ Asia/ Pacific Pacific Africa A A A frica frica frica Be More strategy 2012-2015 7

GLOBAL LEADERSHIP IN A GLOBAL MARKET A unique technology proposition has reinforced Viscofan’s leadership in a very dynamic and demanding market… with clear growth potential Gut and artificial casing market Gut and artificial casing market Gut and artificial casing market Gut and artificial casing market 2011 2011 2011 2011 >4 Bn >4 Bn € € >4 >4 Bn Bn € € Arficial Arficial Arficial Arficial casing casing market casing casing market market market 2011 2011 2011 2011 2 2 2 2 Bn Bn € Bn Bn € € € Viscofan skinless 26% 26% 26% 26% fibrous plastics Gut casings Others collagen Devro Shenguan Viskase Be More strategy 2012-2015 8

THE WIDEST PORTFOLIO TO PROVIDE A UNIQUE SERVICE SOLUTION: Leveraged on our technology to be “the 45% 45 45 45 % % % of total sales is for customers casing company” for our customers: that buy the 4 technologies Collagen Collagen Skinless Skinless Skinless Skinless Collagen Collagen •Viscofan Viscofan •Viscofan Viscofan Viscofan Viscofan Viscofan Viscofan •Viskase Viskase Viskase Viskase •Devro Devro Devro Devro •Visko Visko Visko- Visko - - -Teepak Teepak Teepak Teepak •Shenguan Shenguan Shenguan Shenguan •Fabios Fabios Fabios Fabios •Nippi Nippi Nippi Nippi •… … others … … others others others Meat Meat processor Meat Meat processor processor processor needs needs needs needs Fibrous Fibrous Fibrous Fibrous Plastics Plastics Plastics Plastics •Viscofan Viscofan Viscofan Viscofan •Viscofan Viscofan Viscofan Viscofan •Kalle Kalle •Kalle Kalle Kalle Kalle Kalle Kalle •Visko Visko- -Teepak Teepak •Viskase Viskase Visko Visko - - Teepak Teepak Viskase Viskase •Viskase Viskase Viskase Viskase •Visko Visko- Visko Visko - - - Teepak Teepak Teepak Teepak •Case Case Case Case- - - -tech tech tech tech •… … … … Others Others Others Others •… … … …Others Others Others Others Be More strategy 2012-2015 9

“BE MORE” MEANS BE GLOBAL IN THE COLLAGEN SEGMENT: Year Year Year Year 2011 2011 2011 2011 From From From From Regional Regional Regional Regional producer producer producer producer To To To To Year Year 2015 Year Year 2015 2015 2015 Global Global Global Global producer producer producer producer Be More strategy 2012-2015 10

NEW EXTRUSION PLANT IN ASIA: China is the largest market worldwide, and growing double-digit every year!! Weight of China in Weight of China in worldwide worldwide collagen collagen market market: : Weight Weight of China in of China in worldwide worldwide collagen collagen market market : : Drivers for outstanding Drivers for outstanding Drivers for outstanding Drivers for outstanding growth growth in China growth growth in China in China in China: Higher standards of living 5x larger 5x larger 5x larger 5x larger 2006 2006 2006 2006 2011 2011 2011 2011 A very significant growth… with strong prospects for Migration from rural areas to the future: urban areas China World average 0,28 Feeding habits incorporating 9.2 9.2 9.2 9.2 0,28 0,28 0,28 0,28 50.1 50.1 50.1 50.1 global trends 29.6 29.6 29.6 29.6 3.8 3.8 3.8 3.8 Meat industry developing very fast Artificial casing Artificial casing Meat production Meat production Artificial Artificial casing casing Meat Meat production production GDP growth GDP GDP GDP growth growth growth (top 5 customers account for more per capita per capita ( (€ €) ) per capita per capita (kg) (kg) per per capita capita ( ( € € ) ) per per capita capita (kg) (kg) 2011 (%) 2011 (%) 2011 (%) 2011 (%) than 50% of the market) Be More strategy 2012-2015 11