Slides [PDF, 465.59 Kb] - Tessenderlo Group

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Commodity businesses diluted group returns Financial highlights based on average 2007-2010 results Revenue (million EUR) REBITDA margin Capex (% of Total) Return on Capital Employed Inorganics 428 9% 7% ++ PVC / Chlor-Alkali 502 7% 20% 4% Gelatin and Akiolis 357 17% 28% ++ Tessenderlo Kerley 185 18% 7% +++ Plastic Pipe Systems and Profiles 601 10% 23% + Other Businesses (Pharma/OCD/Compounds) 350 1% 14% - Total 2,423 9% 100% 8% 8 Tessenderlo Group exits commodities and transforms into a global specialty group
Capital intensity requires significant cash Normalised Free Cash Flows (1) of businesses in scope 10-year Cumulative Free Cash Flows: c.(37 million EUR) 5-year Forecast Free Cash Flows: c.21 million EUR Cumulative Capex 10-year Cumulative Capex: c.315 million EUR 10-year Forecast Capex: c.280 million EUR Million EUR Actual Forecast Million EUR 457 80 Avg EBITDA: c.32 million EUR Avg EBITDA: c.33 million EUR 60 40 315 20 0 Avg FCF: c.(4) million EUR Avg FCF: c.4 million EUR 199 -20 -40 18 -60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Free Cash Flows EBITDA 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (1) Free Cash Flow: Normalised EBITDA – Capex +/ – Increase in working capital (15% of revenue) – Tax on EBIT net of deferred tax assets 9 Tessenderlo Group exits commodities and transforms into a global specialty group
Page 1 and 2: Tessenderlo Group exits commodities
Page 3 and 4: Tessenderlo Group exits commodities
Page 5 and 6: Transaction highlights Summary Sale
Page 7: Transaction criteria met Western Eu
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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