Profile of a world leader

Transcription

1 Profile of a world leader A presentation of Sapa Sapa Group 1

2 A heavyweight company A lightweight g material Sapa is the only global company focusing on developing, manufacturing and marketing Value-added added profiles Profile-based building systems Heat-exchanger solutions based on strip in the lightweight material aluminium Sapa Group 2

3 All around you At home In your office In your car When travelling Front doors Windows Stepladders Designer furniture Building construction Windows Partition walls Computers Lots of components Accessories Side impact bars Airbag deployment doors Train carriage bodies Handrails Luggage racks Sapa Group 3

4 Sapa in figures 33 Presence in 33countries World leader in aluminium ,500employees 64 production units 3 business areas Profiles, Building System, Heat Transfer SEK 35.7 billion sales Sapa Group 4

5 Half a century of entrepreneurial spirit First production facility Vetlanda, Sweden 1967 First sales of manufactured profiles Sapa is acquired by Orkla and delisted from the Stockholm Stock Exchange 2000 Sapa gets its first foothold in America through the acquisition of Anodizing. Gränges changes name to Sapa 2008 Aluminium profiles joint venture between Sapa and Alcoa: the world s largest aluminium profile company is created 2009 Acquisition of Indalex (US and Canada) 2010 Sapa acquires 65% of the shares of aluminium extrusion company 1971 First extrusion Vijalco and forms a joint venture with Vietnamese Ben Thanh company outside Group 1999 Sweden opened in Sapa inaugurates its first the Netherlands rolling mill in China 2011 Further strengthening in Asia. Joint venture between Sapa and 1976 Chalco and acquires large Gränges Aluminium extrusion plant outside buys the total number 1997 Shanghai, China. of shares in Sapa Gränges AB is re-introduced on the Stockholm Stock Exchange Net sales: SEK 35,700 million 14,500 employees Today Sapa Group 5

6 64 production units Presence in 33 countries Sapa Group 6

7 A dedicated business approach Vision Sapa shall be perceived as the most attractive partner through a combination of innovation, business know-how and cost effectiveness. Mission Sapa shall offer the market innovative, value-enhancing solutions based on profiles and strip in the lightweight material aluminium. Sapa Group 7

8 A performance-driven culture Financial goals Operating margin (EBITA) of 6 percent Capital turnover rate of 3 times Return on capital employed (ROCE) of 18 percent Strategic pillars Genesis Environment, health and safety Customer value management Sapa Group 8

9 Releasing our potential through three strategic initiatives Towards Solutions TS World Class Operations WCO Leading Edge Strategic Sourcing LESS Sapa Group 9

10 Strengthening our position EBITA improved compared to 2010 Establishing footprint in Asia Joint venture with Chalco, China s largest aluminium company Acquisition of Haihong s profile plant outside Shanghai Restructuring to meet market demand New Profiles organization Optimizing footprint in Europe Sapa Group 10

11 2012: a bumpy road to recovery Sapa Profiles Weak markets in Europe North American recovery uncertain Sapa Building System Continued weak markets across Europe Sapa Heat Transfer Weak order intake predicted in all regions Sapa focusing on: Realizing the effects of restructuring initiatives and continued cost optimization Sapa Group 11

12 A platform for growth Five-year summary Sales volume aluminium, tonnes 1,040, , , , ,381 Total operating revenues, MSEK 35,668 33,595 25,397 32,522 29,380 EBITA, MSEK (excluding non-recurring items)* ,367 EBITA margin, % Return on capital employed (ROCE) Equity/assets ratio, % Total employees 14,480 14,616 12,472 12,585 13,790 * According to Orkla accounting principles, interest on pension debt is included in EBITA and income. Sapa Group 12

13 A streamlined organization President and CEO CFO Senior Advisor Strategy Human Resources Communications Legal Counsel Profiles Building System Heat Transfer North America Europe Asia Sapa Group 13

14 Three business areas Diversified customer base Sapa group 100% Profiles 77% Building System 7% Heat Transfer 16% 19% 13% 35% 100% 78% 22% 17% 7% 9% Distribution 15% Industrial 10% B&C 34% Transport 13% Automotive 34% Other 10% Sapa Group 14

15 One brand Three core operations Sapa Profiles Sapa Building System Sapa Heat Transfer 14% market share in Europe 29% market share in North America 7% market share in Europe 40% market share on specific European markets 21% world market share Sapa Group 15

16 Sapa Profiles The world s largest aluminium extruder The world s largest aluminium extruder 47 production units in 19 countries State-of-the-art production Serving both local and international customers SEK 28,312 million Adding value for the customer through Surface treatment Prefabrication Hydroforming Friction-stir welding 11,775 Sapa Group 16

17 Sapa Profiles Promoting alternative energy Baldock Solar Highway, Oregon, USA 10 million dollar project America s largest of its kind 7,000 solar panels Project uses all Sapa produced aluminium Energy to power Baldock rest area homes Sapa Group 17

18 Sapa Building System An innovative European leader Production units in 14 countries Ready-to-install systems for Windows Doors Facades Glass roofing Advanced sun screening Products adapted to National regulations Local building customs Individual projects SEK 2,680 million 1,084 Sapa Group 18

19 Sapa Building System Building up Angola Fast-growing economy in Africa 25 floor Sky Business building Aluminium instead of steel Close collaboration with architects Curtain wall system with solar shading Esthetics of facade important Huge cost savings Sapa Portugal has local experience Logistics Maintenance Assembly Sapa Group 19

20 Sapa Heat Transfer The No. 1 global manufacturer 7 production units worldwide The only global manufacturer dedicated to rolled aluminium u solutions o s for the heat transfer industry Products adapted for Radiators Heaters Oil coolers Charge-air coolers Air-conditioning systems SEK 5,722 million 1,493 Sapa Group 20

21 Sapa Heat Transfer Breaking new ground Sapa s challenge to increase customer value Using thinner brazing sheet metal Improving productivity it The result: the SSR clad fin SSR = strong sagging resistant 20% higher post-brazed strength Increased sagging resistance >50% 20% improved corrosion performance Allows greater tolerances Sapa Group 21

22 Asia: an attractive future China, the worlds biggest consumer of aluminium extrusion Market larger than Europe and North America combined 10% market increase expected in 2012 Sapa has a strong foothold in Southeast Asia Chalco joint venture in China Extrusion plant outside Shanghai Joint venture in Vietnam Two extrusion plants in India Heat Transfer plant in Shanghai with increased capacity Sapa Group 22

23 Technology that creates value Two technology centers Sweden China Forming a team for global application development Two centers for application engineering Sweden North America Sapa Group 23

24 Aluminium: the green metal 8% of the Earth s crust 50% consists of aluminium 75% production of all aluminium ever produced still in use of Sapa s based on recycled 5% aluminium i of original energy required when recycling Sapa Group 24

25 Making a sustainable difference Priority on environment, health and safety Transferring best practices across the group Keeping track of carbon footprint Effective waste management An overall perspective on recycling Helping customers save energy Sapa Group 25

26 Aluminium is the future Sapa is shaping it Sapa Group 26