Read Microsoft PowerPoint - 9229_CMD_Polyamide.ppt text version

London - November 20, 2009

Rhodia Polyamide

Gilles Auffret ­ Chief Operating Officer

Strengthening our position as the global #2 PA 6.6 player

Agenda

· Rhodia Polyamide at a glance · Market dynamics and drivers · Our strategy & positioning · Key priorities

2

Rhodia

2009 Capital Market Day

Rhodia Polyamide at a glance

Strengthening our position as the global #2 PA 6.6 player

Rhodia Polyamide overview

2008 figures

Net sales 1,789 million Recurring EBITDA 142 million

Employees 4,000 14 industrial sites worldwide

#2 in Intermediates and Engineering Plastics PA 6.6

4

Rhodia

2009 Capital Market Day

Footprint evolving with market dynamics

New polymerization and Phenol capacities in Brazil

Gorzow

New capacities in Onsan & Shanghai (polymers and compound) New R&D center in China

Chalampé Cranbury Lyon Belle-Etoile Jacarei Valence Sao Paulo Shanghai Paulinia Santo Andre San Bernardo Blanes Freiburg Seoul Onsan Qingdao

Continuous cost improvements in Europe and mature markets

Worldwide Headquarter Regional Headquarter

Application & Technology Development Centre R&D Centers

Manufacturing Plant upstream Manufacturing Plant downstream

5

Rhodia

2009 Capital Market Day

Rhodia is the only fully integrated Polyamide 6.6 player with a strong position in Engineering Plastics

2008 Sales* in m

Invista Rhodia DuPont Ascend BASF Asahi Radici Kordsa CSM Liao Hua Toray 0 1000 2000 3000

Intermediates

* Rhodia estimates

6 Rhodia 2009 Capital Market Day

EP

Fibers

Market dynamics and drivers

Two major shocks impacting Polyamide: US carpet (structural) and automotive (temporary)

Polyamide 6.6 Market* (kT)

ASIA NA

1000 750 500 250 0

Auto m

otiv e

Forecast* 2010-2015

Engineering Plastics

36%

28%

36%

EUROPE

++

2001 2002 2003 2004 2005 2006 2007 2008 2009e

Industrial yarns

ASIA

NA

500 250 0

46%

28% 26%

EUROPE

+

2001 2002 2003 2004 2005 2006 2007 2008 2009e

Textile

ASIA

NA

500 250 0

28% 26% 46%

EUROPE

2001 2002 2003 2004 2005 2006 2007 2008 2009e

1000 750 500

Carpet fibers

EUROPE

Poly am

15% 85%

NA

ide c

arpe t US

250 0

* Rhodia`s estimates

8 Rhodia 2009 Capital Market Day

2001 2002 2003 2004 2005 2006 2007 2008 2009e

Good progress in industrial rationalization

In KT / Year

Player Definitive closure Sites Seaford (USA) + Maitland (Canada) Wilton (UK) Seal sands (UK) Ceriano (Italy) Greenwood (USA) Rovno & JSC Azot Total Shutdown % Shutdown / world wide capacity 2007 Rovno / Severodonetsk (Ukraine) 130 190 55 465 378 130 48 65 ADN HMD 70 120 AA 150 260 Polymer 85 180

9%

11%

16%

13%

· Quick rationalization in Europe, industry rebalance largely accomplished · Insufficient in North America, only temporary measures in place in ADN

9

Rhodia

2009 Capital Market Day

Our strategy & positioning

Leveraging competitiveness in Intermediates to drive growth in Engineering Plastics

Raw Materials Natural Gas

ADIPIC ACID

Intermediates

Market Growth

Engineering Plastics Industrial Yarns Textile Yarns Carpet Fibers

Forecast* 2010/15

++ +

Development Growth engine Important divestment in '06 Presence limited to Latin America Important divestment in '06 / '07 Presence limited to Latin America

Ammoniac Butadiene

ADN

Cyclohexane

HMD

No presence

Intermediates · · · ·

11 Rhodia

Engineering Plastics · ·

Cost competitiveness through upstream integration Innovation enabling new applications

Access to competitive raw materials Technological-edge Operational excellence Economies of scale

* Rhodia`s estimates

2009 Capital Market Day

Rhodia: Reinforced presence in the growing areas

2008 Sales Portfolio by product segments Rhodia Polyamide sales by geography

24% Engineering Plastics

73% Europe 40%

35% Latin America

56% 12% Textile and industrial yarns

(Latin America)

15% Adipic Acid

49% Intermediates North America 4% 21% Asia

3/4th of portfolio aligned to our long term strategy in most dynamic segments

56% of Polyamide sales in emerging mkts (+7pts vs. 05) and progress ongoing

12

Rhodia

2009 Capital Market Day

Key priorities

CASH COST INNOVATION

Short term focus on optimizing Free Cash Flow generation

Sales and Contribution Q1 '08 - Base 100

120

Working Capital (% on total sales)

21%

Sales

Contribution*

17.2

80

17.9

17%

40

13%

7 points 11.3 9.9

0 Q1 `08 Q2 `08 Q3 `08 Q4 `08 Q1 `09 Q2 `09 Q3 `09

* Unit Contribution/tn: Net sales minus variable costs (including variable selling exp.)

9% Q4 `08 Q1 `09 Q2 `09 Q3 `09

· ·

14

Restore margin before volume Progressive margin restoration towards historical performance

Rhodia 2009 Capital Market Day

· ·

Stringent inventory management Q3 '09 working capital lowered by 105m from year end '08

Reinforcing our cost leadership

· On track to deliver 60m savings by 2011 from enhanced

competitiveness actions - Closure of two sites, Ceriano in Italy and Mississauga in Canada,

adapting industrial footprint and capacity to market changes

- Also fixed costs reduction across all different areas within the Enterprise - Concentrating our European Engineering Plastics innovation resources

in a single Application and Technology development centre

- Yield improvements: Leveraging our process enhancing capabilities

to save Raw Materials and Energy consumption

15

Rhodia

2009 Capital Market Day

Rhodia's innovations reduce vehicle weight & CO2 emissions

Simulation software Fuel Tank Radiator End tank

Air Intake Manifold

Body Panel

Turbo air duct Engine Mount

PA composite for Seat Structure

Rocker Cover Hybrid Brake Pedal Oil Pan Hood liner

Mature

16 Rhodia 2009 Capital Market Day

Growing

Emerging

Rhodia's innovations focused on sustainable development, chemistry improving daily life

Construction Electronics Transportation

Mini Circuit Breaker with halogen and red phosphorous free PA

Connectors for lead free soldering PCB with High Temperature PA

Motorcycle fuel tanks with low permeation PA

Window Profile for HQE building with low thermal conductive PA

LED housing with higher thermal conductivity PA Flexible hose with bio-sourced PA

17

Rhodia

2009 Capital Market Day

Rhodia Polyamide

The PA 6.6 Champion

Information

Microsoft PowerPoint - 9229_CMD_Polyamide.ppt

18 pages

Find more like this

Report File (DMCA)

Our content is added by our users. We aim to remove reported files within 1 working day. Please use this link to notify us:

Report this file as copyright or inappropriate

531701