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Company s trategy for the years 2005 - 2009 Kęty, January 200 5

Company s trategy for the years 2005 - 2009 Kęty, January 200 5. Aluminium Market. Aluminium Market - trends. Aluminium Market - trends. Consumption of aluminium per capita in 200 3. Source: BrookHunt. Central and Eastern European market. Strategy assumptions for 2005 –2009.

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Company s trategy for the years 2005 - 2009 Kęty, January 200 5

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  1. Company strategy for the years 2005 - 2009Kęty, January 2005

  2. Aluminium Market

  3. Aluminium Market - trends

  4. Aluminium Market - trends Consumption of aluminium per capita in 2003 Source: BrookHunt

  5. Central and Eastern European market

  6. Strategy assumptions for 2005 –2009

  7. Company Vision To be the aluminium processing market leader aluminium in the Central and Eastern Europe, offering a wide range of top quality products and services

  8. Strategy adopted Focusing the Capital Group activity on the aluminium processing and creating the added value in the four basic segments • Extruded Products Segment - EPS • Aluminium Systems Segment - ASS • Flexible Packaging Segment - FPS • Rolled Products Segment - RPS

  9. Strategy adopted

  10. Flexible Packaging Segment

  11. Flexible Packaging Segment

  12. Extruded Products Segment

  13. Extruded Products Segment

  14. Aluminium Systems Segment

  15. Aluminium Systems Segment

  16. Metalplast-SPB - Petersburg Metalplast-RUS Metalplast-DW -Wladywostok Metalplast-Bielsko SA Metalplast-Ukraina Metalplast-Zalur Aluminium Systems Segment

  17. Rolled Products Segment

  18. Rolled Products Segment

  19. Recapitulation

  20. Financial objectives for the years 2005 - 2009

  21. Conclusion – Grupa Kęty in 2009 LONG TERM PERSPECTIVES OF GROWTH OF THE GROUP

  22. Estimationsfor 2005First year of implementing of the strategy

  23. 2005 Macro assumptions • Aluminium 1800 USD • Inflation 3,0% • Interest rate WIBOR 3M 7,3% • Exchange rate USD/PLN 3,46 • Exchange rate EUR/PLN 4,50 • Exchange rate EUR/USD 1,30 • GDP Icrease 6,0% • Import duty on aluminium 6,0%

  24. 2005 Estimations

  25. Key drivers of net profit in 2005 • Increase of the operating margin due to: • Permanent elimination of products with lower added value • Further optimalization of production costs • Higher capacity utilization ratio • Decreasing provision for overdue receivables • Decreasing of theoperating margin, mainly thanks to the following factors: • Negative effect of 6% import duty on aluminium • Cost of achievement of new foreign markets • Production starting at new localizations • Effective tax rate still below nominal – ca. 14 – 15% • Maintaining tax benefits from operating in the SEZ (Alupol Sp. z o.o.)

  26. Investment Expenditures EPS – PLN 76m • New facility (green field) in Ukraine – ca. 38m PLN • Finalizing of CAPEX from 2004 – ca. 16m PLN FPS – PLN 54m • New facility in the SEZ – continuation – ca. 21m PLN • Acquisition – ca. 30m PLN ASS – PLN 2m • Development of the company in Ukraine – ca. 0.2m PLN Other – PLN 8m • IT –2.9m PLN • Investment reserve –4.5m PLN CAPEX 2000 – 2005 (in million PLN)

  27. Indebtedness ratio • Increase of debt due to investment program and the payment of dividend (4PLN/share) – assuming no acquisition untill the end of June • Total cost of debt - 7.2% • Safe currency structure of debt – about 90% in PLN • Safe level of debt/equity ratio – about 30% Debt level (in million PLN)

  28. Thank You

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