company presentation - constantia flexibles€¦ · presentation shape portion size ... lamination...
TRANSCRIPT
Constantia Flexibles in a nutshell
#2in Europe
#4globally
32production sites
in 18 countries
Headquarters
in Austria, ViennaVienna
2 business segments
FOOD (~75%)
PHARMA (~25%)
& 16.6% stake in
60%aluminum-based
40%film-based
~ 7,400employees
Shareholders
Wendel Group (~61%)
AREPO Foundation (~27%)
Maxburg Capital Partners
(~11%)
Sales by region
68% Europe
19% America (USA/Mexico)
7% Middle East/Africa
6% Asia/Pacific
2
Global trends drive demand for flexible packagingSubstitution from rigid to flexible packaging
Emerging
middle class
Urbanization
Premium
products
Health
Sustainability
Global trends Factors driving demands
� Demand for packed food with longer shelf lives
� From large to small families
� Purchase based on social demands
� Demand for premium and functional packaging
� Significance of marketing / branding
� Ageing society demands pharma products
� Health standards in emerging markets rise
� Smaller carbon footprint
� Reduction of material thickness, etc.
Packaged food
Premium brand packaging
Premium and convenient packaging
Pharma packaging
More environmentally friendlypackaging
Flexible packaging solutions
3
The 4 Ps of packaging – at the heart of our business
Promotion � Promotional text
� Customer convenience
(microwave ability)
� Functionality (carrying, opening)
Preservation � Ensures longer shelf life
� Barrier functions against
UV light, moisture,
oxygen, and seal integrity
� Hygiene standards
Protection� Puncture resistance
� Burst strength
� Tamper evidence
Presentation� Shape
� Portion size
� Essential information
14
Our core values
Employees We have an international team
based on a corporate culture
of trust, excellence and
performance
Customers We focus on innovation and
quality to make our customers
more successful
GrowthWe expand globally with our
customers and create value
for all stakeholders
Society &
environmentWe balance economic success
with environmental and social
responsibility
15
Strong market position in attractive segments
Constantia #1 or #2 in attractive markets.
Global #1
� Confectionery foil
� Die-cut lidding
� Alu-container systems
Global #2
� Blister lidding foils
� Coldform foils
16
Global #2
� Reel-fed lidding
Integrated Production
Adhesive
lamination
Raw material
PET/PE/AL/Paper
Rolling
Extrusion process
Finishgood product
(reels or pieces)
Slitting process/
finishing
Ink kitchen
Pre-press and cylinder
engraving process
Blow film extrusion
Cast extrusion
Printing process and
varnishing process
of metallized paper
18
Pharma Satellite Concept: Global scale with local flexibility
19
Satellites are located near to customers, specialize in small- to medium-sized volume orders
and generate major market shares in local and/or surrounding countries.
Quality and product safety
� All sites have implemented a Quality
Management System
� Specifically certified systems in dedicated
plants
� Full traceability of raw materials and
processes
� Raw materials only from approved suppliers
� Implemented risk management
� Fulfillment of legal requirements
� Well-equipped quality labs at our sites
� Full compliance with customer
specifications
21
Health, Safety, Security & Environment (HSSE)
� H-S-S-E: These 4 letters stand for “Health, Safety, Security
and Environment”. This means protecting all assets –
especially personnel, contractors, neighbors, machinery,
equipment, technological knowhow, data, reputation
� Constantia Flexibles focuses on proactive measures to
achieve ZERO LOSS – NO HARM.
� HSSE is an integrate part of the company’s business and
decision-making process and drives forward Operational
Excellence.
22
Every single work-related accident with injury to a person is one accident too many!
Sales€1,0bn
2005 20102016
€0,7bn
Success story to continue
From a leading European supplier'
� Network of medium-sized companies
� Business focus on Europe
� Mainly export sales
� Supplier of packaging materials with
focus on aluminum
' to a global player'
� A group with a mission and a clear strategy
� Realizing global growth opportunities
� Multi-domestic production
� Solution provider with comprehensive
material competence
Family owned / listed OEP One of Europe’s leading
listed investment firms
€2,0bn
WENDEL GROUP WENDEL GROUP
2017
' and now a pure play
flexible packaging group
� After sale of Labels division
� With a focus on selective end-
markets in attractive regions
with our customers
23
15% EBITDA
margin target
In 2021
Investments in growth
OEP Wendel Group
Globalpack
Spear
Parikh
Pemara
Afripack
Oai HungAlucap
IPO & Trade Sale Folding
Lamp
Bucharest
Acquisition Divesture/Closure
2013 2014 2015 2016 2017
24
Printer Labels
Labels sale
FOCUS21 strategy – based on three pillars
Defend and
extend
leading
positions
Greater
ambitionsAcquisitions
1 2 3
25
FOCUS21: Defend and Extend Leading Positions
Europe:
� Dairy yoghurt lidding foil & film
� Confectionery foil
� Processed meat foil (alu-container systems)
� Blister lidding foil
� Pharma laminates
� Coldform foil
North America:
� Confectionery foil
� Processed meat foil
� Snacks (Mexico)
� Blister lidding foil
� Coldform foil
Emerging markets:
� Dairy yoghurt lidding foil & film (Russia)
� Confectionery foil (Russia & Turkey)
1
26
Europe
FOCUS21: Greater ambitions
Develop promising positions through investments worldwide
� Confectionery film
� Processed food coffee foil
� Processed food dry/ wet (pouches)
� Processed meat film
� Snacks film
� Dairy yoghurt lidding foil
� Dairy yoghurt lidding film
� Confectionery film
� Processed food coffee foil
� Processed food dry
� Pharma laminates / specials
� Home & Personal Care (HPC)
sachets specialties
� Confectionery film
� Processed food film
� Snacks film
� Blister lidding foil
� Cold form foil2
Rest of the worldNorth America
2
27
FOCUS21: Acquisition strategy to strengthen profile as pure play
global flexible packaging group
Focus mid-term expansion:
� Strengthen global film know-
how, backward integration
� Expand in USA to become a
leading local supplier for food and
pharma core products
� Top 3 position in India through
the opportunity and ability to
attain a leadership position
� Further build pharma in Asia as
high-growth pharma market and
untapped opportunities
Food / Pharma
NAM
Food film value-add
laminates/ pouches EU/
NAM
Food film India
Other emerging markets
(e.g. South East Asia)
Pharma foil Asia
We want to develop promising follower positions and to close gaps in our portfolio
3
28
Pharma foil LATAM
Weiden (Germany)
Mühlhofen (Austria)
Modern Competence Centers for film, aluminum & polymer films
� First technical
contact to our
suppliers to
stimulate in-house
developments
� In- and external
consultant for the
right raw material
selection process
� Analytical
capabilities
� Lab equipment
to produce small
samples and
mock-ups
More than 25 experts
working on close to 100
projects every year
More than 30 experts
working on close to 100
projects every year
30
Weiden (Germany) Mühlhofen (Austria)
Backward integrated into foil and film value chain
Two blown-film (polyethylene) extrusion lines for
laboratory and pre-material for production
Aluminum foil is rolled down from 0.6 mm (600 µ)
to 0,005 mm (5 µ) in several rolling processes (=
pass) to the required gauge (5 µ - 160 µ). During
this process, the embedding of security features
is possible.
Company Presentation31
Sustainable Packaging Interactive Packaging Product Safety Pouches & Bags
Focus on innovation along 8 key innovation themes
1 2 3 4
Easy Open & Reseal High-End Graphics Digital Printing Performance Packaging5 6 7 8
85% renewablematerials
High-barrierproperties
Bio-certified
Invisiblewatermark printing
White-label smartphone app
Datamanagement
Holograms
Security foil
Security pigments& inks
Security graphics& design
Tamper evidence
2-chamberpouch to separateliquid & dry content
Breakable membraneinside
Fresh ready-to-drink
Re-sealPS label
No filling machinechanges
Easy-opening
Multiple re-seal
Tamperevidence
3D inks
Next generationdie-cut lidding
Separation
No embossingnecessary
Hybridin-line digital printing
with conventionalprinting process
Cost effectivepersonalization
32
Transparenthigh barrier
Sealants
New raw materials
Sustainability
600ecological assessments and
life cycle assessments for
raw materials and products
per year
~40Social initiatives per
year
~ 50%of the world‘s electricity
purchased from
renewable resources
59initiatives with environmental
focus reducing energy con-
sumption and CO2 emissions
> 50%of our plants own technologies for the
recovery of solvents and for the
avoidance of solvent emissions
116ISO-certificates
for our plants
worldwide
ISO
33
<CO240%the Group-wide goal of CO2
reduction by 2023 (per
square meter produced)
~ 4,000External requests for
sustainability per year
30+
Number of employees by region*
19%
55%
14%
12%
34
* Full Time Equivalent (FTE)
70% of employees
in production
95% full-time
employees
55% of employees
are 30-50 years old
75% male
25% female
Experienced people with passion for packaging
� Live our three core competencies:
Driving customer value, fostering
collaboration, passion for results
� Work beyond borders and
encourage international transfers
� Full committed to Global Ethical
sourcing
� Diversity and equal opportunities
� Strategic talent management
� Ongoing development of
expertise, knowledge and
leadership skills via Constantia
University
� Best candidates hired to fit
company culture
� Design our reward and
compensation system in order to:
– Foster motivation and
competitiveness
– Increase performance-
orientation
– Being an attractive employer
An attractive employer with a corporate culture focused on employee development
Culture & respect Learning & development Rewards & fringe benefits
35
Focus21 strategy driving future growth
Key take-away messages
Stable end markets/megatrends mean portfolio is less cyclical
Expansion of product portfolio through innovative solutions
Proactive M&A strategy
36
Processed Meat: Alufoil & Container Systems
CONSTANTIA
Pet CarePreformed Aluminum trays and lids
are ideal for the special packaging
requirements of wet petfood.
CONSTANTIA
HumanfoodFully retortable, preformed
Aluminum trays and lids can be
used for various food products.
CONSTANTIA
CapsulesSmall, Aluminum based portion
packs for liquids, gels, powders,
U offer best barrier and
processing properties.
CONSTANTIA
InnovationsSmall, Aluminum based portion
packs for liquids, gels, powders,
U offer best barrier and
processing properties.
39
Processed Meat: Pouches & Bags
CONSTANTIA
Wet PetfoodPouches are a common flexible
packaging format for wet petfood
and are the modern and flexible
packaging solution.
CONSTANTIA
Wet HumanfoodPreserved Food packed in
Pouches are the modern and
flexible alternative for traditional
rigid packaging solutions.
CONSTANTIA
Dry PetfoodDry Petfood in Bags and Pouches are
an efficient and convenient packaging
solution for multi-use formats.
40
Processed Meat: Films & Laminates
CONSTANTIA
Retort LiddingRetort lidding films and
laminates are convenient and
can be based on aluminum or
plastic-barrier films.
CONSTANTIA
Chilled MAP FilmsFlowpacks and Lidding Films
with special barrier properties
to be used also for modified
atmosphere packaging.
CONSTANTIA
Dry LaminatesPacking laminates for dry,
meat-based products.
41
Dairy: Die Cut Lids
CONSTANTIA
Die Cut 2020A coextrusion coated die cut lid with
a thin aluminum layer of 20 µm.
CONSTANTIA
Unembossed LidThe proven heat seal lacquered
unembossed aluminum die cut
market standard.
CONSTANTIA
PaperlidThe 3-layer aluminum
free die cut lid solution.
42
Dairy: Reel Fed Lidding
CONSTANTIA
Alu FFSAluminum reel fed lidding material
specification for FFS fillers.
CONSTANTIA
FlexpapAn aluminum free Paper/PET
laminate sealing against PS.
CONSTANTIA
BanderolePaper based banderole to enhance
the packaging of a product. High-
Gloss and Metallized available.
43
Dairy: Yellow Fat Wraps & Cheese
CONSTANTIA
Flow WrapFilm laminate solution for flow wrap
packaging. HD-flexo or gravure
printed plus pattern lacquer possible.
CONSTANTIA
ComiwrapPolyolefin Film with high amount
of mineral fillers.
CONSTANTIA
Melted Cheese
Packaging SystemConstantia Flexibles system supplier
for melted Cheese packaging: shell
foil, lid foil and tear strip.
44
Dairy: Specialities
CONSTANTIA
StickPackFor packing dairy products into
a duplex or triplex flow wrap,
adapted accordingly to the filling
good and the customer request.
CONSTANTIA
TopperA plastic cover filled with any
ingredients e.g. muesli, cornflakes,
closed by a die cut lid & applied on
top of the yoghurt pot.
CONSTANTIA
Promotion CodingWide array of solutions for promotional
coding: Inkjet: the individual code is
printed – possible on both sides Reverse
print: limited codes available.
45
Food: Confectionery Foil
CONSTANTIA
Wrap for Seasonals
& PralinesSpecial tailormade aluminum
alloy for deep draw application
with outstanding deadfold.
CONSTANTIA
Tablet FoilClassic aluminum wrapper
for chocolate bars.
CONSTANTIA
Chewing Gum Inner
& Outer WrapperAluminum paper laminate for chewing
gum inner and outer wrapper.
46
Food: Confectionery Film
CONSTANTIA
Twist WrapTwist solutions with multilayer for very
specific customer requirements.
CONSTANTIA
Confectionery PouchWide variety of film laminates
with excellent seal properties.
CONSTANTIA
Film Laminate for
Salted SnacksSpecialized production on dedicated
printing line with inline lamination.
47
Food: Processed Foods
CONSTANTIA
Liquid PouchReel-fed plastic material for pouches
containing liquid beverages.
CONSTANTIA
Foil Laminate for
Soup Cubes & YeastMono materials or aluminum
laminates with film or paper,
in form of folded or sealed cubes.
CONSTANTIA
Soup PouchSpecial developed multi layers
for all kind of packaging formats:
pouch, doypack, etc. Available
matt/glossy effect.
48
Food: Coffee & Tea
CONSTANTIA
Coffee & Tea PacksSpecial developed multi layers for
all kind of packaging formats:
pouch, doypack, sachets, etc.
CONSTANTIA
Lidding for Coffee
CapsulesLacquered, coex-coated or laminated
materials for closing of any PP-, PE-
and PBT-based capsules.
CONSTANTIA
Printing EffectsA selection of exclusive features which
can be applied on various packaging
solutions for brand differentiation &
premium appearance (e.g. matt/glossy,
metallized, paper touch).
49
Pharma: Coldform
CONSTANTIA
ColdformMost economical ultra high
barrier blister packaging
CONSTANTIA
Coldform LotusCustomized solution with
antistick effect
CONSTANTIA
Coldform DryFoilColdforming Foil with active
moisture protection
CONSTANTIA
Coldform PentaColdforming Foil
supporting outstanding
pocket dimensions
50
Pharma: Blister & ACF
CONSTANTIA
BlisterHigh Performance Lidding
Foils for blister packaging
CONSTANTIA
Blister EcoEconomic PVC blister lidding
for products with lower barrier
requirements
CONSTANTIA
Blister All in oneBlister Lidding Foil suitable for
all printing systems
CONSTANTIA
Anti-Counterfeiting
Security FoilSimple qualification run due to
no change in specification
51
Pharma: Specials & Laminates
CONSTANTIA
SafemaxAluminum Container for pharma
products
CONSTANTIA
Contact lensesLidding Foil for Contact Lens
Packaging
CONSTANTIA
Stick PackConvenient and economic for
moisture sensitive solid, liquid
and semi-liquid products
CONSTANTIA
SachetReliable product protection
with high seal integrity
52
Health & Home and Personal Care
CONSTANTIA
Promotional &
Retail SachetCustomized packaging solution
for your individual needs
CONSTANTIA
DoypackCustomized structures
that fits your needs
CONSTANTIA
Bag on valveHigh performance laminates
suitable for demanding applications
CONSTANTIA
Retail Sachet
with BreathabilityLaminate for products
which degas over time
53