Slides [PDF, 465.59 Kb] - Tessenderlo Group

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Tessenderlo Group exits commodities Inorganics Kerley Gelatin & Akiolis Plastic Pipe Systems and Profiles PVC/Chlor-Alkali Other Businesses Inorganics Kerley Gelatin & Akiolis Plastic Pipe Systems and Profiles Other Businesses Fulfilling strategic objective to become a more focused specialty group 4 Tessenderlo Group exits commodities and transforms into a global specialty group
Transaction highlights Summary Sale of Tessenderlo Group’s PVC, Chlor-Alkali and part of Organic Chlorine Derivatives activities to the European leader Kerling (through Ineos ChlorVinyls) Tessenderlo Group transforms into a global specialty group Terms Financial impact All cash share deal for 110 million EUR on cash-free, debt-free basis Purchase price represents REBITDA multiple of 7.9x (2010) and 5.3x (LTM March 2011) No financing condition Transaction subject to merger control approval and requires consultation with relevant works councils Non-cash charge of 158 million EUR Strengthened balance sheet with lower gearing and leverage Improved group margins and returns 5 Tessenderlo Group exits commodities and transforms into a global specialty group
Page 1 and 2: Tessenderlo Group exits commodities
Page 3: Tessenderlo Group exits commodities
Page 7 and 8: Transaction criteria met Western Eu
Page 9 and 10: Capital intensity requires signific
Page 11 and 12: Tessenderlo Tomorrow A focused port
Page 13 and 14: A specialty company platform ready
Page 15: For more information about Tessende

Slides [PDF, 465.59 Kb] - Tessenderlo Group

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