Investor Seminar Presentation [PDF, 997.72 Kb] - Tessenderlo Group
Investor Seminar Presentation [PDF, 997.72 Kb] - Tessenderlo Group
Investor Seminar Presentation [PDF, 997.72 Kb] - Tessenderlo Group
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<strong>Tessenderlo</strong> <strong>Group</strong><strong>Investor</strong> <strong>Seminar</strong>6 April 20101
Rigourous Assessment of the portfolioIndustryattractiveness• Market size & growth• Segment profitability• Industry value chain• Porter analysis• Macro environment• Market share and position• Competitor analysis• Strengths and weaknesses• Sources of competitive advantageCompetitive position2
Rigourous Assessment of the portfolioIndustryattractivenessCompetitive position3
Strategy does not exist in isolation4
Clear Strategic DirectionIndustryattractiveness+Competitive position5
Clear Strategic Direction<strong>Tessenderlo</strong>Business Units<strong>Tessenderlo</strong>Business Units<strong>Tessenderlo</strong>Business Units6
Portfolio Mapping• Mature markets• Highly commoditized• Highly competitive environment• Capital intensive• Low returnsInorganicsPVC/Chlor-AlkaliOther Businesses• Increase profitabilitythrough cost control• Strict cash management• Strengthen competitiveposition through alliances7
Portfolio Mapping• Market growth ≥ GDP• Possible differentiation via:– Products– Services– DistributionPlastic Pipe SystemsAnd Profiles• Increase profitabilitythrough cost control• Growth in selectedmarketsInorganicsPVC/Chlor-AlkaliOther Businesses8
Portfolio Mapping• Market growth ≥ GDP• Innovative business model• Strong returnsKerleyGelatin andNatural Derivatives• Grow organically orthrough acquisition:– Geographically– New products &servicesPlastic Pipe SystemsAnd ProfilesInorganicsPVC/Chlor-AlkaliOther Businesses9
Creating ValueKerleyGelatin andNatural DerivativesPlastic Pipe SystemsAnd Profiles• Growth opportunities• Potential for value creation• Sustainability• Global presence• Innovative business model• Service orientationInorganicsPVC/Chlor-AlkaliOther Businesses10
Executing a multi-year planM&AMarketFinancialPositionOperatingResultsWORLD ECONOMY11
Clear <strong>Group</strong> StrategyKerleyGelatin andNatural DerivativesAverage ROCE > 12%50% outside of EuropeInnovative business modelProducts & ServicesPlastic Pipe SystemsAnd ProfilesInorganicsPVC/Chlor-AlkaliOther BusinessesAverage ROCE < 8%90+% in EuropeProducts13
<strong>Tessenderlo</strong> <strong>Group</strong><strong>Investor</strong> <strong>Seminar</strong>6 April 201014