海角大神

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2019 Investor Day

Published : 23.01.2020
#Investor Days

On November 7, 2019, 海角大神 held its 18th annual Investor Day, dedicated to the unlisted companies in its portfolio. The event is open to the financial community and is an opportunity to evaluate and discuss the business, growth and development of these companies.

The executives of Stahl, Constantia Flexibles, Cromology and IHS were on hand to talk about what their companies are doing and their outlook for growth over the coming months. In addition, all of the companies reviewed their environmental and social responsibility strategy.

Highlights of the 2019 Investor Day.

Stahl, world leader in leather chemicals and high-performance coatings

With sales down 7.6%, the first nine months of 2019 were mixed for Stahl (鈧611.5 million vs. 鈧662.0 million in the year-earlier period), as noted by CEO Huub van Beijeren. In 2019, Stahl suffered from macroeconomic weakness in China, a result of the trade war, and from the slowdown in worldwide industrial production. Meanwhile, the Leather Chemicals and, to a lesser extent, the Performance Coatings divisions suffered from difficult market conditions in the footwear and automotive industries. Despite this difficult context, Stahl leveraged its dynamic cost management and the resilience of its business model to quickly adapt its cost base to market conditions.

With regard to corporate social responsibility (CSR), Stahl is maintaining its commitments, so as to stay
competitive and remain a leader in its business sector. Michael Costello, the company鈥檚 Director
of sustainable development, pointed out Stahl鈥檚 noteworthy achievements in this area:

  • c. 90% of Stahl鈥檚 worldwide production derives from ISO 14001/9001 certified sites,
  • > 85% of its coating solutions are water-based,
  • no coal is burned in the group鈥檚 factories…

Constantia Flexibles, a world leader in flexible packaging

Over the first nine months of 2019, Constantia Flexibles鈥 sales totaled 鈧1,146 million, up 0.1% from the year-earlier period (鈧1,146 million). CEO Alexander Baumgartner reported that the recently acquired companies鈥擟reative Polypack in India and TTPrint in Russia鈥攃ontributed positively to the company鈥檚 growth.

In November 2019, the Austrian company brought on line Constantia Ecoflex Ahmedabad, an innovative facility 100% dedicated to the production of recyclable flexible packaging. This industrial innovation represents another step toward achieving the company鈥檚 stated goal of making all of its packaging fully recyclable between now and 2025.

IHS, the African leader in telecom infrastructure

Adam Walker, IHS鈥檚 Group CFO and Executive Vice President, was pleased to present the 7.2% increase in his company鈥檚 sales to $914 million over the first nine months of 2019. These results attest to IHS鈥檚 positioning as one of the leading telecom tower companies in the EMEA region. All of the company鈥檚 geographies are growing organically. In particular, Adam Walker pointed out that the company鈥檚 operations in Nigeria and Rwanda were posting double-digit organic growth. In 2019, the number of towers held and managed by the company increased by 1.6% year-onyear, with 24,019 towers in the portfolio as of September 30, 2019*.

At the end of December 2019, IHS signed an agreement to acquire Cell Site Solutions 鈥 Cess茫o De Infraestruturas S.A. (CSS), a Brazilian company based in S茫o Paolo. CSS has nearly 2,300 towers as well as telecom infrastructrure sites in Brazil, Peru and Colombia. With this acquisition, IHS expands its geographical footprint in Latin America.

Lastly, IHS has also made CSR central to its strategic plan. Its CSR initiatives have been recognized by SERAS Africa, an African organization that gives awards to companies to encourage them to be responsible.

* Tower count excluding managed services and WIP as of September 30, 2019.

Cromology, a European leader in decorative paints

Cromology posted sales of 鈧520.3 million in the first nine months of the year, up 2.1% compared with the year-earlier period. Chairman Pierre Pouletty and CEO Lo茂c Derrien explained that Cromology鈥檚 growth was underpinned by its various brands (Tollens, Zolpan, Robbialac and others), which all have a premium positioning in their markets.

The two managers attended Investor Day for the first time and took advantage of the opportunity to present in detail the transformation currently taking place within the company and supported by a 鈧125 million capital injection from 海角大神 in May 2019. Cromology鈥檚 financial structure has now been strengthened, thereby enabling it to make new investments and address new market needs.

Like Stahl and Constantia Flexibles, Cromology would like to establish its leadership by making ESG criteria (Environment, Social, Governance) central to its strategy. Ninety percent of its products are already water-based. And the European leader in decorative paints promises further advances in 2020.

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IMPORTANT INFORMATION

The materials contained herein are not for general release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia, Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.

The information contained in this section of the website of 海角大神 SE, parent company of Eufor SAS (together 鈥海角大神鈥) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the 鈥United States鈥), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the 鈥Issuer鈥) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Issuer referred to in this section of the website (the 鈥Securities鈥) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 鈥Securities Act鈥) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. 聽The Securities have not been and will not be registered under the applicable securities laws of Australia or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. 聽All persons who wish to have access to the documents contained in this section of 海角大神鈥檚 website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them. 聽No such registration or approval has been or will be obtained. 聽海角大神 assumes no responsibility if there is a violation of applicable law and regulations by any person.

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Due to applicable legal restrictions, the information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia or Japan, or any other jurisdiction in which such release, publication or distribution would be unlawful. 聽We apologize for any inconvenience this may cause.

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