KORDSA TEKNIK TEKSTIL Kordsa.com
1H'23 Financial Results
Earnings Release
Aug 8 2023
Disclaimer
The information and opinions contained in this document have been compiled by KORDSA Teknik Tekstil Anonim Şirketi (the "Company") from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. This document may contain forward-looking statements by using such words as "may", "will", "expect", "believe", "plan" and other similar terminology that reflect the Company management's current views, expectations, assumptions and forecasts with respect to certain future events. As the actual performance of the companies may be affected by risks and uncertainties, all opinions, information and estimates contained in this document constitute the Company's current judgment and are subject to change, update, amend, supplement or otherwise alter without notice. Although it is believed that the information and analysis are correct and expectations reflected in this document are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially.
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A G E N D A
01. | 02. | 03. |
1H'23 Highlights | Market Dynamics | Key Financials |
04.
What's Next
3
4
1H'23 Highlights
TIRE REINFORCEMENT | REVENUE | EBITDA MARGIN | |
531 | |||
* Ongoing decline in global demand | 7.9% | ||
* Strong price competition by APAC competitors in | MUSD | ||
EMEA and US markets | All Hard- | ||
* Inventory impact (High-priced inventory) | |||
Currency | 42 MUSD | ||
COMPOSITE REINFORCEMENT | ||
* Strong performance with growing Microtex | NET INCOME | INVESTMENT |
* Growing demand in aviation sector | ||
3 | 21 | |
EXTERNALITIES | MUSD | MUSD |
- Growing cost pressures with inflation
- FX impact
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Ongoing Decline in Global Tire Reinforcement Market
Global Automotive Market (million units)
Global Tire Market (million units)
75
2.0
- 2,7%
77
- 6,5%
18.0
82
3.0
14.0
18.0
3,7%
85
3.0
15.0 4,7%
19.0
89
3.0
16.0
5,6%
21.0
94
3.0
17.0
23.0
1,507 | 1,690 |
63
54 12,2% 185
156
366411
1,679
62 -0,7%180 391
1,613
61
-3,9%172 352
1,669
65
3,5% 182
358
1,709
66
2,4% 188
366
23.0 | 24.0 | 26.0 | 27.0 | 27.0 | 28.0 | ||||||
18.0 | 19.0 | 21.0 | 21.0 | 22.0 | 23.0 | ||||||
2020 | 2021 | 2022 | 2023F | 2024F | 2025F | ||||||
APAC excl. China | China | EMEA | North America | South America | |||||||
496 | 546 | 550 | 552 | 565 | 502 | ||||||
435 | 485 | 496 | 476 | 499 | 587 | ||||||
2020 | 2021 | 2022 | 2023F | 2024F | 2025F | ||||||
APAC excl. China | China | EMEA | North America | South America | |||||||
Tire Reinforcement Market (NY6.6-ktons) | Tire Reinforcement Market (PET-ktons) | |||||||||||
327 | 331 | 670 | 666 | 675 | ||||||||
320 | 323 | 659 | ||||||||||
2,4% | ||||||||||||
312 | ||||||||||||
3,5% | 2,5% | 12,6% | -0,6% | -4,4%637 | 3,5% | |||||||
2,2% | ||||||||||||
-4,6% | ||||||||||||
287 | 11,4% |
598 | |
2020 | 2021 | 2022 | 2023F | 2024F | 2025F | 2020 | 2021 | 2022 | 2023F | 2024F | 2025F |
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Kordsa Teknik Tekstil AS published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 07:40:00 UTC.
