akcansa results 2011 › docs › 20121210123530_q4.pdf · 11 slide 11-09.03.2012 financial...

1Slide 1 - 09.03.2012

AkcansaResults

2011

2Slide 2 - 09.03.2012

Contents

Market Overview 3

Key Figures Financial Highlights 11 Cement and Readymix Volume Changes 12 Export Regions 13 Company Turnover, Operating Income and Net Income 14 Market Performance Trend 15

Business Lines Cement Profit and Loss Results 16 Readymix Profit and Loss Results 17 Akcansa Profit and Loss Results 18 Cash Flow 19 Balance Sheet 20 Capex Structure 21

Prospects 22

Sustainability 24

Awards 25

Appendix 29

3Slide 3 - 09.03.2012

Cement Consumption Trends : Regional Consumption 2011 Estimate

NA

+1 %

Latin America

+6%

WE

0%

EE

+6%

MED RIM

+3%

Africa

+4%

Middle East

+4%

Oceania

0%

Emerging Asia

(excl. India&

China)

+5%

Mature markets: -1%; Emerging markets excl. China: +5%, inc. China: +8; Global: +7%

" This presentation/report demonstrates "estimated results" of market research done by AkçansaÇimento Sanayi ve Ticaret A.Ş. in addition to sourcing from Exane BNP Paribas Survey report. "

+5%

+9%

+15%

+11%

-5%+7%+5% +5% +10%

+15% +8%

+8%

+10%

-15%

+7%

+7%

4Slide 4 - 09.03.2012

Cement Consumption Trends : Regional Consumption 2012 Estimate

NA

0%

Latin America

+5%

WE

-3%

EE

+1%

MED RIM

+4%

Africa

+4%

Middle East

+6%

Oceania

0%

Emerging Asia

(excl. India&

China)

+4%

Mature markets: -1%; Emerging markets excl. China: +5%, inc. China: +9; Global: +4%

" This presentation/report demonstrates "estimated results" of market research done by AkçansaÇimento Sanayi ve Ticaret A.Ş. in addition to sourcing from Exane BNP Paribas Survey report. "

+7%

+5%

+7%

+4%

+1%+6%+3% +5% +7%

+4% +4%

+6%

+2%

-10%

+5%

+5%

5Slide 5 - 09.03.2012

Turkey Macroeconomic Assumptions 2007-2013

Source: Sabancı Holding and Undersecretary of Treasury – November, 2011

•Inflation is expected to be stable for the coming two years

•Positive growth expectations for 2012 and 2013

•FX rates increase with decreasing EUR/USD parity

•Steadily decreasing budget deficit per capita

7,5%

-4,1%

0,3%

17,6%

10,8%

4,0%4,7%

0,7%

-4,7%

8,2%

5,0%3,5%

4,5% 4,0%

5,9%

8,1%

5,9%

8,9%

13,3%

7,0% 7,0%

-10,0%

-5,0%

0,0%

5,0%

10,0%

15,0%

20,0%

2007 2008 2009 2010 2011 2012 E 2013 E

Real GDP GrowthDomestic Cement Demand Growth (%)Inflation (PPI)

1,1647

1,5123 1,5057 1,5460

1,8889 1,9400 1,97811,7102

2,1408 2,16032,0491

2,44382,5700 2,6209

0,00

0,50

1,00

1,50

2,00

2,50

3,00

2007 2008 2009 2010 2011 E 2012 E 2013 E1,20

1,25

1,30

1,35

1,40

1,45

1,50

USD/TL EURO/TL Parity

YearsGovernment

Budget Deficit/GDP

TR-3 Months Deposit Rate,

Annual,%

Population (mio)

2007 -1,6% 17,5% 70,22008 -1,8% 20,0% 71,12009 -5,5% 9,3% 72,12010 -3,6% 7,6% 73,02011 -1,7% 9,8% 74,02012 -1,5% 9,8% 74,92013 -1,4% 10,1% 75,8

Turkey Macroeconomic Indicators

6Slide 6 - 09.03.2012

Turkish Cement Sector (2000 – 2012E)

" This presentation/report demonstrates "estimated results" of market research done by Akçansa Çimento Sanayi ve Ticaret A.Ş. in addition to Turkish Cement Manufacturers’ Association figures. "

31,525,3 26,8 28,1 30,7

35,1

43,0 44,5 42,7 42,8

50,355,8 58,3

6,6

8,610,4 10,4

10,7

9,7

7,28,3 13,7

20,5

18,514,3

13,5

39,5 39,5 40,7 41,0 41,745,4 47,0 48,1

62,2

68,670,3

72,174,1

-5

5

15

25

35

45

55

65

75

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 E

mio

tons

Domestic Consumption Export Cement+Clinker

Cement Production Capacity - 90 % with imports Cement Production Capacity - 90 %

7Slide 7 - 09.03.2012

Turkish Cement Market (Expectations)

Source: TUIK and TCMA

2006 2007 2008 2009 2010 2011E 2012E1. Private Housing 66% 61% 53% 55% 53% 53% 52%2. Commercial 13% 15% 12% 8% 11% 11% 11%3. Public 3% 4% 4% 4% 5% 5% 5%4. Infrastructure/Projects 17% 20% 30% 33% 30% 31% 32%

8Slide 8 - 09.03.2012

Turkish Cement Market, Sales Volumes Change %, (2011)

- 4,0%

+9,2%

+10,0%

+14,7%+5,0%

+25,0%

+13,3%

" This presentation/report demonstrates "estimated results" of market research done by Akçansa Çimento Sanayi ve Ticaret A.Ş. "

Cement demand in Turkish domestic market increased by 10,8%

9Slide 9 - 09.03.2012

Turkish Cement Market, Sales Volumes Change %, (2012 - Expected)

+4,0%

+4,5%

+4,0%

+4,0%+4,0%

+4,5%

+7,0%

" This presentation/report demonstrates "estimated results" of market research done by Akçansa Çimento Sanayi ve Ticaret A.Ş. "

Cement demand in Turkish domestic market is expected to increase by 4,5% in 2012

10Slide 10 - 09.03.2012

Baltic Supramex Index

Commodity shipping costsslump to lowest level in

quarter century on vessel glutSource:Bloomberg

11Slide 11 - 09.03.2012

Financial Highlights

Full year comparison 2011 turnover is up by 22% against 2010 Operating income in 2011 is 86% higher than 2010 Net income in 2011 increased by 70% compared to 2010

Q4 comparison: Q4 turnover is up by 29% against Q4 in 2010 Operating income in Q4’11 is 173% higher than Q4’10 Net income for Q4’11 increased by 217% compared to Q4’10

Margins improved due to the following reasons; Increase in domestic sales prices and volume Better export mix Decline in fuel prices Increase in alternative fuel consumption Positive impact of Waste Heat Investment on energy

12Slide 12 - 09.03.2012

1,8 1,5

1,00,8

2010 2011EXPORT CLINKER SALESEXPORT CEMENT SALES

5,0 5,2

2010 2011

Akçansa Sales Volumes (YTD 2011 vs. YTD 2010)

These figures include Akçansa and Karçimsa results. These figures represent the management report view.

11 % ChangeDomestic – Cement & Clinker Export – Cement & Clinker

RMC

4% Change

4,8 5,3

0,10,1

2010 2011DOMESTIC CLINKER SALESDOMESTIC CEMENT SALES

17% Change

13Slide 13 - 09.03.2012

Akcansa Export Regions (2011)

<50 k ton >100; <50 k ton >100 kton

West Africa has the highest portion in total export

14Slide 14 - 09.03.2012

4,0 9,5

29,6

19,6

33,9

27,8

27,0

8,8

2010 2011

8,317,8

31,7

22,2

48,812,9

35,4

28,3

2010 2011

173,8 215,0

240,6268,7

210,5

277,8

214,5

276,2

2010 2011

Key Figures (million TL) (YTD 2011 vs YTD 2010)

Turnover Operating Income

Net Income

Increased volume and better prices reflected within better operating income and net profit results.

Higher operating income in 2011; volume and price growth, active cost management through optimising fuel purchases and fuel mix, increasing alternative fuel consumption,waste heat project go live

* These figures include Akçansa and Karçimsa results. These figures represent the management report view.

22% 86%

70%

Q2

Q1

839,4 1.037,7 71,8 133,7

59,4 100,9

Q3 29%

Q4

173%

217%

15Slide 15 - 09.03.2012

Market Trends in 2011 and 2012

* These figures include only Akçansa and Karçimsa results. These figures represent the management report view.

(*) Compared to end of 2010 and 2011

(*) Compared to 2010 YTD




Volume Price

Domestic Cement (TL/t)

Export Cement ($/t)

Export Clinker ($/t)

RMC (TL/m3)

2012Expectations

Volume Price (TL/m3)

General

Europe

Asia

Thrace

Aegean

Black Sea

2011Readymix

Volume Price (TL/ton)

Domestic Cement

North Marmara

South Marmara

East Marmara

Aegean

Black Sea

2011Cement

Volume Price ($/ton)

Export Cement

Export Clinker

2011Cement

2011 2012YE YE

Coal

Petcoke

Electricity

Diesel

Energy

16Slide 16 - 09.03.2012

Cement B/L Profit and Loss Accounts YTD & Q4


Operating Income AnalysisYTD - 2011 vs 2010

63,0

121,8

-72,8

0,8

137,0

-6,3

0

25

50

75

100

125

150

175

200

2010 Net Sales Cost of Sales Operat.Expenses

Other Inc.&Exp. 2011

Mio TL

Operating Income AnalysisQ4 - 2011 vs 2010

12,5

31,1

-17,5

-2,6

41,2

-2,4

0102030

4050

6070

8090

100

2010 Q4 Net Sales Cost of Sales Operat.Expenses

OtherInc.&Exp.

2011 Q4

Mio TL

17Slide 17 - 09.03.2012

Readymix B/L Profit and Loss Accounts YTD & Q4


Operating Income AnalysisYTD - 2011 vs 2010

8,811,9

-69,2

-0,3

73,4

-0,7

0

10

20

30

40

50

60

70

80

90

100

2010 Net Sales Cost of Sales Operat.Expenses

Other Inc.&Exp. 2011

Mio TLOperating Income Analysis

Q4 - 2011 vs 2010

0,5

4,2

-18,7

1,0

21,5

-0,1

0

5

10

15

20

25

30

2010 Q4 Net Sales Cost of Sales Operat.Expenses

Other Inc.&Exp. 2011 Q4

Mio TL

18Slide 18 - 09.03.2012

Company Profit and Loss Accounts YTD & Q4


Net Income AnalysisYTD - 2011 vs 2010

59,4

100,9

-124,3

0,6

192,7

-7,0 -10,4-9,9

0

20

40

60

80

100

120

140

160

180

200

2010 Net Sales Cost ofSales

Operat.Exp.

OtherInc.&Exp.

Fin.Inc.&Loss

Taxes 2011

Mio TL

Net Income AnalysisQ4 - 2011 vs 2010

8,8

27,8

-33,6

-1,6

60,1

-2,4 1,4 -4,8

0

10

20

30

40

50

60

70

80

90

100

2010 Q4 Net Sales Cost ofSales

Operat.Exp.

OtherInc.&Exp.

Fin.Inc.&Loss

Taxes 2011 Q4

Mio TL

19Slide 19 - 09.03.2012

Cash Flow Statement 2011


Cash & Cash Equivalents Movements 2011

15,640,2

-75,7

-49,0

3,8

-39,09,4

-24,3

150,4

0255075

100125150175200

31 December2010

Cash flow fromoperatingactivities

Investmentactivities for

operatingpurposes

Improvementprojects

Financialproceeds /

payments, net

Dividendreceived

Dividendpayment

Other 31 December2011

Mio TL

20Slide 20 - 09.03.2012

Balance Sheet as of December 2011 and 2010


Mio TL 31.12.2011 31.12.2010 Mio TL 31.12.2011 31.12.2010

Current Assets 372,4 310,0 Current Liabilities 299,7 175,5Cash & cash equivalents 15,6 40,2 Financial Liabilities 111,5 49,1Trade receivables 253,6 183,1 Trade payables 161,7 110,3Inventories 93,9 76,5 Tax payable 6,3 1,5Other current assets 9,4 10,2 Other current liabilities 20,3 14,5

Non-current Assets 906,0 921,8 Non-current Liabilities 104,6 215,2Financial investments 117,9 147,7 Financial Liabilities 38,2 151,6Fixed Assets 653,1 636,2 ETB provision 18,7 16,5Goodwill 129,5 129,5 Deferred tax liabilities 44,4 44,5Deferred tax assets 1,6 1,9 Other non-current liablities 3,3 2,6Other non-current assets 4,0 6,5

TOTAL ASSETS 1.278,5 1.231,8 Shareholders Equity 874,1 841,1Paid in Capital 191,4 191,4

BS data and key ratios Retained earnings 497,2 476,9Work ing Capital 185,8 149,3 Comprehensive income 74,0 102,6Net debt 134,1 160,5 Net income 100,3 59,3Current ratio 1,24 1,77 Minority interest 11,2 10,8Debt to equity ratio 0,46 0,46Net financial debt to assets 0,10 0,13 TOTAL LIABLILITES & EQUITY 1.278,4 1.231,8

21Slide 21 - 09.03.2012

Capex Distribution 2011 vs 2010


34% 41%

30%6%

35%53%

0%

20%

40%

60%

80%

100%

2011 2010

Improvement

Environmental Issues

Routine maintenance

22Slide 22 - 09.03.2012

Prospects 2012

Economic ActivitiesEconomic Activities Domestic market remains strong Construction based growth plans of the goverment

New regulations in force in relation to residential build (in response to Earthquake)

Urban transformation: 40 bio USD per year (for the following 10 years)

Increase in construction activities because of new law about lands under the specification of 2B.

OperationsOperations Continued focus on margin enhancement Focus on added value products in RMC

Energy Full year utilizing waste heat project (~15 mio TL

gain) Continuous and steady increase in alternative fuel

usage going forward And ...

23Slide 23 - 09.03.2012

Energy matters...Energy matters...

To increase efficiency on energy usage Flexibility in use of petrocoke and

coal Use of import channels of HC

Trading firms High-sulfur petrocoke usage permit Hedging coal purchases to minimize

cost inflation risk Active electricity portfolio

management

To increase alternative fuel usage Alternative fuel feeding system

investment in Canakkale Plant

Primary Alternative

24Slide 24 - 09.03.2012

AkAkççansa Sustainability ansa Sustainability ApproachApproach

SustainabilityCommittee

BiodiversitySustainable

Construction

Energy &

FuelCO2 Reporting

•GRI Approval, 19.01.2011•First report in its sector•Next report will be announced in 2012

25Slide 25 - 09.03.2012

Awards in 2011Awards in 2011

The Best Admired Cement Company 2011 By Capital Business Magazine

Environmental Award Çanakkale Waste Heat Facility By Istanbul Chamber of Industry

Sustainable Waste Management and Communication Award

(One Carbon Double Oxygen Project) By CSR Europe

26Slide 26 - 09.03.2012

27Slide 27 - 09.03.2012

ContactsContacts

Gary WhiteheadGary Whitehead CFO CFO

PhonePhone +90 216 571 30 20+90 216 571 30 20 [email protected]@akcansa.com.trFaxFax +90 216 571 30 21+90 216 571 30 21

Banu Banu ÜçÜçer er Communication OfficerCommunication Officer

PhonePhone +90 216 571 30 13+90 216 571 30 13 [email protected]@akcansa.com.trFaxFax +90 216 571 30 11+90 216 571 30 11

Info Adress: Info Adress: [email protected]@akcansa.com.tr

WebsitesWebsites

www.akcansa.com.trwww.akcansa.com.trwww.betonsa.com.trwww.betonsa.com.trwww.sabanci.com.trwww.sabanci.com.trwww.heidelbergcement.comwww.heidelbergcement.com

28Slide 28 - 09.03.2012

DisclaimerThis presentation (Presentation) has been prepared by Akçansa Çimento Sanayi ve Ticaret A.Ş. for the sole purpose of providing information relating to Akçansa (Information).

This Presentation is based on public information and data provided by Akçansa management and basically demonstrates forward looking statements based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future.

Please be aware that the forward looking statements and/or assumptions of future events declared in the Presentation and/or in the Information may not prove to be accurate.

No warranty or representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this Information is made by Akçansa.

No profitability or any other warranty is claimed by the Information provided either on company or sectoral basis.

No liability/responsibility is accepted by Akçansa for any loss or damages of any kind, incurred by any person for any information howsoever arising from any use of this Presentation or the Information.

The Information contained at this Presentation has been included for general informational purposes only and no person should make any investment decisions in reliance upon the information contained herein.

Akçansa shall not be held responsible for any kinds of losses that may rise from investments and/or transactions based on this Presentation or Information or from use of this Information and/or Presentation.

29Slide 29 - 09.03.2012

Appendix

30Slide 30 - 09.03.2012

Cement Sector Distribution in Turkey

48 integrated plants, 17 grinding mills, 65 plants, 22 players48 integrated plants, 17 grinding mills, 65 plants, 22 players

Cimpor

Askale

AkcanSA

Bursa

Italcementi

BatıGroup

Limak

Oyak

CimSA

Cementir

VicatDenizli-CRH

Nuh

Tracim

AS

Titan-ADO

Sancim

Goltas

Kipas

Yurt

Lafarge

Sanko/Barbetti

Integrated Plants

Sour

ce: T

CMA

31Slide 31 - 09.03.2012

Turkey Clinker Capacity Distribution

Source: TCMA

Akcansa10%

Cimsa7% Oyak

13%

Nuh7%

Limak7%

Sanko-Barbetti5%

Cementir7%Cimpor

4%

As7%

Others23%

CRH-Eren Holdings

3%Italcementi

1% Vicat6%

First 3 groups form 37% of the Turkish Cement Capacity

32Slide 32 - 09.03.2012

Akcansa at a glance


Operations in TurkeyKey Operational Highlights

3 cement plants6,5 m ton clinker capacity9 m ton cement capacity

38 RMC terminals8,5 million m3 RMC capacity

6 domestic terminals3,2 m ton total operating capacity

2 jetties (Ambarlı & Çanakkale)

Key Financial Highlights Export Regions - 20112011 2010

Net Sales (m TL) 1.010,0 817,4

Domestic portion (%) 81 77

Export portion (%) 19 23

Gross Margin (%) 17,9 13,7

EBIT (%) 13,8 9,5

EBITDA (%) 19,1 16,2

Net Profit (%) 9,9 7,3

33Slide 33 - 09.03.2012

Cement B/L Profit and Loss Accounts 2011 YTD & Q4


Turnover increased in 2011 compared to 2010 due to increasing prices and favorable mix.

Cost pressures remain, notably in energy especially because of diesel prices.

YTD Var Q4 Var.2011 YTD'11 vs. YTD'10 2011 Q4'11 vs. Q4'10

Net Sales 704,7 137,0 187,7 41,2

Cost of Sales (545,1) (72,8) (141,7) (17,5)

Gross Margin 159,6 64,2 46,0 23,7

Operating Expenses (33,6) (6,3) (10,2) (2,4)

Other Operating Income/Charges (4,2) 0,8 (4,7) (2,6)

Operating Profit/Loss 121,8 58,8 31,1 18,7

Non-Operating Financial Income/Charge (0,1) 5,8 0,6 4,7

Profit/Loss before Taxes 121,7 64,5 31,8 23,4

Cement Mio TL

34Slide 34 - 09.03.2012

Readymix Profit and Loss Accounts 2011 YTD & Q4


Strong volume throuhout 2011


Net Sales 423,9 73,4 109,4 21,5

Cost of Sales -403,1 -69,2 -104,0 -18,7

Gross Margin 20,9 4,1 5,4 2,8

Operating Expenses -7,7 -0,7 -2,1 -0,1

Other Operating Income/Charges -1,3 -0,3 1,0 1,0


Non-Operating Financial Income/Charge 0,3 0,4 0,1 0,5


Readymix Mio TL

35Slide 35 - 09.03.2012

Company Profit and Loss Accounts 2011 YTD & Q4



Net Sales 1.010,0 192,7 268,8 60,1

Cost of Sales (829,6) (124,3) (217,4) (33,6)

Gross Margin 180,5 68,4 51,4 26,5

Marketing&Sales Expense (9,9) (1,8) (2,9) (0,6)

General Management Expenses (31,4) (5,3) (9,4) (1,8)

Other Operating Income/Charges (5,4) 0,6 (3,7) (1,6)


Non-Operating Financial Income 73,5 35,6 21,9 10,9

Non-Operating Financial Charge (83,4) (46,0) (22,5) (9,4)


Taxes On Income (22,9) (9,9) (6,9) (4,8)

Net Income/Loss 100,9 41,5 27,8 19,1

Gross Margin % 17,9% 4,2% 19,1% 7,2%

EBIT Margin % 13,8% 4,3% 14,5% 7,3%

Net Income Margin % 10,0% 2,7% 10,4% 6,2%

EBITDA Margin % 19,1% 2,9% 19,7% 6,0%

Company Mio TL

36Slide 36 - 09.03.2012

Cash Flow Statement 2011 and 2010


YTD YTD2011 2010

Cash flow from operating activitiesOperating income before the changes in working capital 200,2 130,0Changes in working capital (46,6) (19,0)Decrease in provisions through cash payments (3,2) (2,5)

150,4 108,6Cash flow from investing activitiesTangible and intangible fixed assets (73,3) (51,9)Financial assets - 1,4Proceed from fixed asset disposals 3,8 0,8Dividend Received 9,4 8,2

(60,2) (41,5)Cash flow from financing activitiesDividend payments (39,0) (65,4)Net proceeds from bonds and loans (75,7) (1,5)

(114,8) (114,8) (66,9) (66,9)

Change in cash & cash equivalents

Cash & cash equivalents at 1 January 40,2 40,1

Cash & cash equivalents on 31 December 15,6 (24,6) 40,2 0,1

Company Mio TL

37Slide 37 - 09.03.2012

Dividend Paid and Dividend Yield

128 12570 65

39

2007 2008 2009 2010 2011

Mio TL

Dividend Paid


There has not been any change in dividend payment policy throughout years

6,9%10,4% 8,7%

4,1%2,4%

2007 2008 2009 2010 2011

%

Dividend Yield

38Slide 38 - 09.03.2012

EBITDA Margins

EBITDA Margin - YTD

14,2%16,7% 17,2% 16,2%15,3%

16,6%18,9% 19,1%

Q1 Q2 Q3 Q4

2010 2011


EBITDA Margin - Quarterly

14,2%

18,5% 18,1%

13,5%15,3%

19,7%

23,0%

17,6%

Q1 Q2 Q3 Q4

2010 2011

39Slide 39 - 09.03.2012

Construction Projects in Turkey

Ongoing Projects Projects in the Pipeline

AkcansaÖzdilek AVM (Continuing, 200 k m3)Zeytinburnu Varyap Project - Student Dormitory (Continuing, 80 k m3)Sinpaş Bosphorus City Project (Continuing, 500 k m3)Sinpaş GYO Akasya Project (Continuing, 450 k m3)Varyap Meridian Project (Continuing, 260 k m3)Innovia Project (Continuing, 500 k m3)

For further information about our projects please visit our web site:www.betonsa.com.tr

TurkeyNew Metro Routes (Project Period: 2010-13)Kabataş – Mahmutbey;2,4 bio TLBeylikdüzü – Bakırköy; 2,2 bio TLÜsküdar Ümraniye; 1,9 bio TLBakırköy – Kirazlı; 0,8 bio TL

İzmit – İzmir Highway; signed, not startedHighway (421 km)İzmit Bridge; Length 1,7 km;Cost : 2 bio TLFour tunnels (7,4 km)30 viaducts (18,2 km)

Çanakkale Bridge; projectÇanakkale Bridge (2,2 km)Highway (13,7 km)2 mio ton cement excluding the accommodation consumption

Third Bridge; project1 mio ton cement excluding the accommodation consumption

The Bosphorus Tunnel, project5,4 kmHighway1,1 bio USD

Tunnels Construction in İstanbul, project140 km2 mio ton cement

Urban transformation:40 bio USD per year (for the following 10 years)

40Slide 40 - 09.03.2012

General Basics About Cement and RMC Production General Basics About Cement and RMC Production

Production

1,6 ton limestone is consumed to produce 1 ton of clinker75-90% clinker is consumed to produce 1 ton of cement250-300 kg of cement in 1 m3 RMC produced1,5-2,0 ton of aggregate in 1 m3 RMC produced depending on the type of RMC produced

Fuel

A cement plant of 1 mio ton clinker capacity may consume 100 k ton petrocoke or 130 k ton coal, or a mix of both7.500 k/ton in petrocoke vs. 6.000 kcal/ton in coal.Fuel accounts for 30-40% of the variable cost of producing 1 ton of cement

Electricity

Electricity accounts 25-30% of the variable cost of producing 1 ton of cement.0,01 tl increase in cost of 1 kwh electricity corresponds to 1-1,5 tl cost increase in 1 ton of cement.Contribution of waste heat project

33% of Çanakkale Plant electricity consumptionMonthly contribution to P&L of Akcansa will be around 1-1,5 mio TL based on current electricity prices

41Slide 41 - 09.03.2012

Betonik Ideas ContestBetonik Ideas Contest

3rd year of the contest

Target population is university students

Alternative usage of cement and RMC for naturally energy efficient living areas

Visit www.betonikfikirler.com web-site

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