table of contents - alcopa
TRANSCRIPT
2
Vision & Values 3
Chairman & CEO Statements 4
Main events 2014 6
Key figures 7 Alcadis 8
Modis 10
Moteo 12
EOL 14
AlcoDev 16
AlcopaimmO 18
Holding 20
Governance 21
Our geographical footprint 22
Table of contents
3
Our values
EntrepreneurshipEntrepreneurship is in Alcopa’s DNA. It determines its decentralised mode of operation, the spirit of men and women who work there and its culture of development.
PerformancePerformance is key to Alcopa’s development and goes hand in hand with ambitious income generation targets in order to finance growth, spread the feeling of security among employees, develop pride within managers and satisfaction with shareholders.
RespectRespect is a major component of the human dimension of our family group. It contributes in building long-lasting relationships with our clients, suppliers, partners and shareholders. Showing mutual respect is also the prerequisite for working better together.
“To be a major, independent and international player at the forefront of mobility and distribution”
4
Axel Moorkens, François Hinfray
Chairman & CEO Statement
CHAIRMAN STATEMENT
It has been one year now since I assumed my role as the freshly appointed Chairman of the Alcopa Board. I mentioned then that I would dedicate my chairmanship to supporting the evolution of the Group in order to boost its performance, to deliver distinctive value to our customers and to keep the shareholders standing behind the development of the Group. Twelve months on, I am confident that we are steering the Group along the right path and equipping it with the means to face future challenges effectively.
Thanks to the impressive talents of our people across all our entities, we launched new businesses, consolidated our posi-tions on historical activities and managed to re-orientate those that needed it. I am also enthused by the notable industrialisa-tion of our capabilities (manufacturing of office furniture, interior doors etc.) and the development of solid brands that will beco-me a foundation for long-term performance.
These laudable achievements notwithstanding, it is crucial that we stay the course and pursue the work currently under way.
Evolution involves being able to question some of our traditional
businesses.
This will trigger new opportunities that we will have to seize and convert into performance. I believe that to move forward, a powerful organisation depends on solid governance where the roles and responsibilities of all are clearly defined.
We have the DNA of a family business. What started as a single activity in 1938, has evol-ved into a group of small and medium sized companies. As a representative of the 3rd generation, I am determined that we main-tain trustworthy, respectful and long standing working relationships with our partners in order to achieve our vision, produce results and create value.
Axel Moorkens, Chairman (as from 26.04.2014)
5
François Hinfray, Group CEOCEO STATEMENT
In many respects, 2014 has been a fruitful year for the Alcopa Group, in spite of the continuing weakness of European markets in our sectors of activities. Initiatives taken in preceding years, such as changes to the Group’s governance, focus on mana-gement’s performance ratios and targeted restructuring processes have all contributed to a strong improvement in the Group’s ope-rational results.
In accordance with our strategy, we also pur-sued the diversification of our activities, acquiring stakes in Solar Screen and Group Thys.
These acquisitions together with final
reorganisations will further shape our
profitability base for the future.
Alcadis, our car import business, booked impressive results this year. It succeeded in propelling Hyundai Belgium and Swit-zerland up the ranks of the manufacturer’s best performing countries in the EU zone. The introduction of new models and engines is expected to boost performance in the fleet business and, at the same time, enable the brand to better comply with the Swiss mar-ket’s environmental standards on vehicle emanations. Suzuki performed very well, re-cording a positive growth of 19,4% com-pared with 2013. SsangYong significantly exceeded expectations with a growth of 46.3% compared with the previous year, most noticeably so in the German market.
Modis, our automotive distribution business, took steps towards splitting its activities along geographical lines. In France, Groupe Bernard confirmed the decisive turnaround of its business and will be directly reattached to the holding. Also, Jean-Pierre Laurent transferred his res-ponsibilities as CEO to Gilles Messier and will now focus on further diversifying the group. In parallel, Philippe Portal and Benoit Dejean have each
The sustained demand for our rental spaces proves the adequate positioning of our real estate offer.
At Group level, in April 2014 Dominique Moorkens transferred the chairmanship of the Board to Axel Moorkens. Together with Axel we initiated a comprehensive review of the organisation, established a clear code of governance - des-cribed in the Alcopa Guidebook - and set out to decentralise financing by the second semester of 2015. Finally, we further defined the functions and responsibilities of the Board Group, where the main focus will be placed on Strategy and allocation of Capital to entities.
I am convinced that we are currently on track to further increase profitability and meet shareholders’ expectations of the Group, thanks to the implementation of our current strategy, the pertinence of diversification and reorganisation processes set in motion and the quality of our people working in the different lines of business.
respectively assumed the roles of Chairman and CEO of Modis Belux (without the Rietje Group which is no longer part of the Group). Their mission is to deliver the higher levels of performance and profitability expected by shareholders, particularly given the amount of capital immobilised and the spread of activities.
Moteo, our import and distribution business for Parts & Accessories and 2-wheelers is beginning to reap the benefits of the profound reorganisation process that it un-derwent. Under the management of Filip Menschaert the 2-wheeler activity became an autonomous entity in its own right. The Parts & Accessories unit pursues its Euro-pean strategy and confirms its strong growth, sustained by the continued performance of Bihr, which recently integrated Reaction in its perimeter. We expect Duells to reach similar levels of performance on Scandinavian soil soon.
EOL, manufacturer and distributor of office fur-niture, pursued the shift of its business model towards an impressive increase in manufactu-ring capabilities. Indeed, production volumes generated exclusively in-house multiplied threefold and contributed to a 75% increase in the product mix included in its new concepts: EOL Design, EOL Business and EOL Projects. The new organisation that has been put into place, along with the appointment of a Deputy CEO, is expected to support the positioning of EOL as a profitable leading brand in the EU market.
AlcoDev, our diversification branch, booked two partnerships in 2014, thus further defining the new frontiers and activities of the Group. In June, AlcoDev took a majority stake in Solar Screen, the Luxemburg-based European leader in window films, blinds and decorative walls. During the last quarter we also acquired a majority holding in Group Thys based in Antwerp, the Belgian leader in the manufacture of interior doors.
AlcopaimmO, our real-estate business, pursued the development of its strategic projects, securing building permits in the Brussels Region, its suburbs and the rest of Belgium. It also sold some properties contained in the non-strategic portfolio (notably in Namur, Vee-nendaal, Kontich and Dietllikon in Switzerland).
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January: Appointment of Marc Devillet as CEO of Autopolis (Luxemburg)
Gerald Bihr becomes CEO of Bihr
Bihr launches a new range of tires in France
Launch of Suzuki DL1000 in 3 countries
Launch of the single EOL brand
February: Pichard launches new Motorcycle catalogue “Powered by Bihr”
Hyundai cars at Autopolis and at the Fidenco dealership in Mechelen
March: Launch of new 3-wheeler brand Adiva in France
April: Isuzu signs a big fleet-deal with the Dutch government
(“Rijkswaterstaat”) for 120 Isuzu D-max
May: Groupe Bernard acquires 2 Citroën dealerships in Champagne-Ardenne
June: Launch of the new Moteo 10 year strategy ‘The Road Ahead’
AlcoDev books a partnership with Solar Screen
July: Launching of the EOL Design catalogue
August: Moteo appoints Anderz Larqvist as new CEO at Duells (Sweden)
September: EOL enters the specification market with its EOL Projects offer
October: SsangYong reaches 1.000 retail units in the German market
November: Hyundai launches the new i20
Launch of SYM Fiddle lll
December: Launch of the Alcadis CRM system
Completed move of all Moteo non-genuine Parts & Accessories from Kontich to Bartenheim
AlcoDev closes a deal with Group Thys
Sale of buildings in Veenendaal (The Netherlands) and in Kartuizersweg (Kontich)
Main events 2014
7
(*) Key figures
(*) Groupe Bernard not included because of consolidation by Equity Method
2.205
2011
2.134
2012
2.277
2013
2.310
2014
Staff evolution
43% 42%39%
43%
2012 2013 20142011
Solvency(Capital & Reserves + Minorities )
Balance Sheet Total
Employees by Line of Business
1.267
2011
1.455
2012
1.509
2013
1.562
2014
Turnover ( in mio € )
2014 turnover by geography
2014 turnover by Line of Business
Belgium
LuxemburgThe NetherlandsOthers
SwitzerlandFrance
Germany
AlcadisMoteo
ModisEOLAlcoDevImmo + Holding
AlcadisMoteoAlcoDev
ModisEOLImmo
3%
4%1%
39%
41%
12%
4%
13%
42%
18%
13%10%
54%
5%
1%3%
13%
12%
12%
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Alcadis is Alcopa Group’s 4-wheeler automotive import business. Through our four brands we have established a presence across six different countries, where the partnerships and long-term relationships developed with manufacturers, dealerships and clients have cemented our success.
Philippe Portal, CEO Alcadis
Main initiativesAlcadis aims to further develop its core business by extending its activities to more countries or through new brand offerings.
This is why we have decided to concentrate on our import activities.
Similarly, we continue to invest in the development of our after-sales network and client relationship management with the launch of a brand new CRM tool in 2014.
Ourambitions The automotive importation business is in our genes. As a result, we constantly strive to maintain a loyal and trustworthy relationship, both with suppliers and clients.
This attitude will enable us to grow, enter new markets and attract new brands.
The objective for Alcadis is to be considered a reputable partner and become one of the top three importers in Europe.
Market conditions The European new car market has contracted significantly since the begin-ning of the global financial crisis, having nonetheless re-emerged into a more or less stable environment in 2014.
However, market conditions become tougher by the day and we’re proud to say that Alcadis is faring well under pressure. The brands that we represent are active in dynamic segments or offer a viable solution to the enduring trend for downsizing. All these elements put together helped us close 2014 on a positive note.
Alcadis aims to establish long-term partnerships with its clients and suppliers.
Key business indicators
75+ years automotive experience
40.000+ cars sold in 2014
6 countries 300+ employees
550+ dealers in 6
countries
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Hyundai (BE-LU-CH)
Hyundai is the world’s 5th largest car manufacturer, as demonstrated by its large number of new product launches. Its most recent arrival is the i20, which has been - like most of the range’s models - specifically developed in and for the European market. With the Genesis and Grand Santa Fe, Hyundai brought two new premium models to the market.
We are experiencing a growing interest from the fleet business thanks to a quality product offering – benefiting from a 5 years unlimited mileage warranty – and our strategic partnership with the Belgian market leader in long-term rentals.
Hyundai is ready to take on the challenge to produce greener vehicles. The Blue Drive label already boosts the ecological performance of its models and Hyundai is the first manufacturer in the world to commer-cialise a hydrogen-powered car, our first sales of which were achieved in 2014.
www.hyundai.be / www.hyundai.ch / www.hyundai.lu
Hyundai Genesis
Suzuki Vitara
Isuzu D-Max
SsangYong Tivoli
Suzuki (BE-LU)
Suzuki was, and continues to be, a pioneer in the small town cars segment. The highly popular Suzuki Swift is a prime example thanks to its various special editions. Recently Suzuki added the very spa-cious and functional Celerio to its line-up.
At the end of 2014 Suzuki showcased the all-new Vitara. A strong name that now comes with more SUV-flair in order to tackle the very popular SUV market. New Vitara will be positioned next to the very popular S-Cross. The arrival of the new Vitara shows that the brand is well equipped to appeal to a new customer base, further benefiting from a build quality and high standards of service that have become the hallmarks of the Suzuki brand. The future looks bright for Suzuki.
www.suzuki.be / www.suzuki.lu
SsangYong (BE-LU-NL-D-PL-CH)
As a result of its partnership with Mahindra, SsangYong has seen notable progress in its development, boding well for the brand’s future. The com-mercial success of the new Korando and Rodius models clearly demon- strate this. The brand has real potential and is positioning itself as the SUV and MPV (Multi Purpose Vehicle) specialist. The recently announced SUV “Tivoli” (due for launch mid 2015) will boost the brand even further.
Through a combination of constant growth in our markets and the deve-lopment of concept cars, SsangYong is clearly demonstrating its ability to ensure it delivers on a promising future. The brand shows tremendous potential for future growth thanks to an excellent balance being reached between quality and value for money.
www.ssangyong.be / www.ssangyong.nl / www.ssangyong.de www.ssangyong.pl / www.ssangyong.ch / www.ssangyong.lu
Isuzu (BE-LU-NL-PL)
Isuzu, one of the major players in the world automotive industry, has positioned itself as a specialist in pick-up trucks. Its latest D-Max model seamlessly combines the brand’s legendary reliability with a degree of comfort previously unheard-of in this market segment. Impressive abilities, such as the capability to generate 3.5 tons in traction, already help position it ahead of the competition on performance levels alone.
Wherever we are active, our highly targeted approach to this segment has ensured Isuzu’s place among the market leaders in those countries.
www.isuzu.be / www.isuzu.lu / www.isuzu.nl / www.isuzu.pl
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Modis covers the automotive retail activities of the Alcopa Group in Belgium and Luxem-burg. Through stakes in regional retail groups, we aim to become a leading profitable, independent multi-brand automotive retail group in Belux. Our strong reputation relies on satisfied customers recommending our dealerships, empowered managers and efficient partners, as well as respected, challenged and motivated employees.
Benoît Dejean, CEO Modis Belgium as from 1/1/2015
Jean-Pierre Laurent, CEO Modis until 31/12/2014
Gilles Messier, CEO Groupe Bernard as from 1/1/2015
Main initiatives The year 2014, the second full year of the Modis Management System, was marked by the fine-tuning of launched processes, the completion of operational management teams and the finalisation of restructuring actions, allowing us to focus on our customer satisfaction and on commercial performance.
Ourambitions Given its size and its strategic potential, the stake that we hold in Groupe Bernard will be assimilated into the Alcopa Holding during 2015.
Modis will encompass exclusively the Belux distribution activity in a decentralised local model.
A strong governance system will ensure that we achieve the defined group roadmaps.
Market environment With stable market conditions, Modis sales are following the national brand trends and regional economic evolutions.
In France, Groupe Bernard concluded an important restructuring program, enabling us to regain profitability in a market that is starting to enjoy a gradual recovery.
Profitable growth driven by operational excellence
Key business indicators
MODIS Belux
Groupe Bernard
Dealerships
32
56
Brands
18
10
Used Cars
9.000+
19.543+ 912+ trucks
Cars sold
21.000+
23.352+ 1.281+ trucks
Staff
1.000+
2.038+
CMYK
RVB
PANTONE
57,47,45,35
97,97,98
Cool Gray 10C
42,100,28,28
129,20,83
242C
Modis:
Groupe Bernard: Cars
Trucks
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Fidenco Fidenco is a long-standing partnership between family Denayer and Alcopa. With over 20 points of sale on the Antwerp - Mechelen - Leuven axis, Fidenco is the leading FORD retailer in Belgium.
Under the Scancar branding, Fidenco distributes VOLVO in Antwerp and, since 2011, successfully established the presence of HYUNDAI in Antwerp and Mechelen as well as LAND ROVER in Leuven.
www.fidenco.be
GmanFor over 15 years, the Gaspar family and Alcopa have worked together in developing the GMAN group. Today, GMAN is one of the leading OPEL dealers in Belgium. Based mainly in Antwerp, they have gradually expanded to new territories and brands, having recently added TOYOTA and CITROËN franchises in Antwerp itself. In 2014, activities were pooled and distributed across two flagship ‘super stores’ (Antwerp & Wilrijk A12)
www.gman.be
Groupe Bernard
Since 2012, MODIS holds a minority stake in the French retail entity, Groupe Bernard. A family shareholding founded in 1920 in Bourg-en-Bresse, Groupe Bernard is currently the second largest automotive retailer and the largest truck retailer in France. The group is active in Rhône-Alpes, Bour-gogne, Franche-Comté and Champagne–Ardenne as well as in Poland. Other complementary activities ensure a comprehensive business offering:
Stockdeal: Sale of used cars of all makes, to private customers & traders.
Fispar: Long term rental of specific vehicles to local authorities to use for refuse collection, street sweepers, etc.
Anaf: Car, truck and boat auction activity for private customers and professionals.
BMS: Renting of forklifts and maintenance on site.
Hertz : Short and medium-term vehicle rentals for private customers and professionals
www.autobernard.com
BruyninxDriven by its entrepreneurial spirit, the Bruyninx family has successfully expanded their retail business to secure a leading position in Limburg, distributing 9 brands in over 15 points of sale. Group Bruyninx joined Moorkens Distribution in 2011, aiming to further consolidate its operations.
www.groepbruyninx.be
AutopolisIs a unique automotive retail concept in Europe, selling and servicing over 10 different brands with the same high standards of dedication, in a unique and impressive facility on the outskirts of the city of Luxem-burg. In 2014, Autopolis expanded its product portfolio with the addition of Hyundai.
www.autopolis.lu
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Peter Rask, CEO Moteo
Main initiatives Moteo started several key initiatives in 2014. We launched a new strategy for Moteo and adapted the Moteo organisation into 2 distinct divisions (2-wheels and P&A Europe) to increase focus and competitiveness.
We have reinforced management on a number of key positions. We completed the «Powered by Bihr» program which will enable our smaller P&A companies to be more competitive in their respective markets. On the 2-wheels business side, we launched a number of important new products across our 3 main brands and pursued the concentration and centralisation of our businesses in our most important markets.
Ourambitions «The Road Ahead» constitutes Moteo’s roadmap for achieving its strategic milestones within a horizon of two, five and ten years.
«The Road Ahead» refers to how Moteo will secure the leading position in the markets in which we are present.
This will enable Moteo to fulfil its vision of becoming the Preferred Choice of Riders in Europe.
Market conditions The 2-wheel new vehicle business benefitted from favourable weather conditions leading to a stable to slightly growing market for new registrations in 2014.
Despite poor European market condi-tions during recent years, the pool of 2-wheelers on the roads remains stable in the nine countries where Moteo is active. This benefits the Moteo Parts & Accessories business, where Moteo continues to grow through broader product ranges and increasing customer service offerings.
Our vision is to be the Preferred Choice of Riders in Europe
Key business indicators
82+ Years of experience in
the sector
Vehicles distributed: 38.000+
Suppliers and brands: 250+
Unique P&A references: 250.000+
Active dealers:
10.000+
Distributed brands
Moteo is the leading player in the motorcycle’s Parts & Accessories aftermarket business. Operating through strong companies such as Bihr in France, Duells in the Nordic countries, Pichard in Switzerland and Motana in the Benelux, Moteo is further increasing its lead on the European market. Moteo is also an independent player in the import and distribution of powered 2-Wheel vehicles and their related Parts & Ac-cessories in Europe. Our portfolio is composed of global brands such as Suzuki, SYM, Peugeot, Derbi and Tomos.
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Suzuki Suzuki is a global powersports company specialised in manufacturing heavy displacement motorcycles, scooters, ATV and marine outboard engines. Moteo was the very first importer of Suzuki in Europe, and has been its exclusive importer in Belgium for more than 50 years. Today, Moteo also represents Suzuki in Portugal and Switzerland.
SYMSYM is a world-leading manufacturer of scooters and small displacement motorcycles. Moteo started importing SYM vehicles in Switzerland more than 10 years ago. Today, SYM products are also distributed through Moteo branches in other European countries (Belgium, France, Luxem-burg, The Netherlands, & Portugal). Under Moteo’s management, SYM has entered the top-three ranking in relevant segments of several key countries.
PeugeotPeugeot is a leading European manufacturer of scooters. Moteo has over 30 years experience in the importation of Peugeot scooters and currently distributes its products in Belgium, The Netherlands, Switzerland and Portugal. In 2013 Peugeot entered the 3-wheeler segment with the successful introduction of the Metropolis. In 2014, Peugeot also ente-red the important retro scooter segment with the Django, which received a very warm welcome from both the press and the public at the main industry shows.
At the end of 2014, Mahindra&Mahindra purchased Peugeot scooters, a promising move that will ensure continued investment in Peugeot scooter product development.
Parts & AccessoriesIn 2010, Moteo bought the French company Bihr, which has grown to be the undisputed market leader in 2-wheels Non-Genuine Parts & Accesso-ries in France. Together with Motana, Pichard and Duells, who enjoyed a sturdy and overwhelmingly stable business year, these companies made a significant contribution to Moteo’s success in 2014. Overall, it was a good year for the after-market business as a result of the early onset of spring and a warm summer season, which helped inspire renewed confidence in the 2-wheels market after some difficult years. Supported by a new tire warehouse, Bihr successfully launched their full tire range in 2014. Duells, for its part, struggled in the snow scooter segment due to low snowfall in the winter months, although it improved its performance in its bicycle parts activities. Meanwhile, the company performed a compre-hensive review of its organisation and structure, accompanied by the ap-pointment of a new CEO and management team. Pichard and Montana expanded their commercial sales force and introduced a number of new brands from the Bihr product lineup.
In 2015, Moteo will continue to grow its European P&A business by diversifying into new segments and launching new brands. It will also leverage synergies between its different Parts & Accessories businesses and seek new partnerships.
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The EOL Group is active in the European office furniture market. EOL’s approach to the market is driven by its innovative spirit and is based on efficient marketing and strong logistics. EOL manu-factures and distributes a wide range of products through an extensive network of partners. The distribution aspect is distinguished by its comprehensive service offering, which extends from the design phase of the office space, through to delivery and furniture assembly.
Robert Lambert, CEO EOL
Main initiatives At the beginning of the year, all of EOL’s different activities and catalogues were effectively consolidated under the single EOL brand, thereby vastly improving the Group’s ability to communicate its product offering clearly to the market. In July the new EOL Design catalogue, born from the fusion of Burodial and GDB Design, helped to reposition EOL more prominently on the interior design professionals’ radar.
This reorganisation was completed in September with the creation of EOL Projects, enabling the Group to set its sights firmly on the big accounts and projects segments. At the same time, the development of prescription initiatives is meant to encourage sales generation, thanks to the promotion of the brand and its product ranges among decision makers (architects, interior designers, space planners, etc). To ensure the controlled and efficient management of these activities, EOL has adopted an ultra modern CRM and merged all of its operations under a single entity.
Ourambitions EOL’s overarching ambition is to position itself as the lead actor in all segments of the French market.
Through the consolidation of a single EOL brand image, backed by flexible state-of-the-art manufacturing capabilities, the Group aims to build on its reputation at home in order to, not only accelerate expansion rates in traditional European markets, but also on the wider export market.
Market conditions In 2014, market conditions remained very challenging and sensitive to pricing fluctuations.
Whereas the traditional continental market continued to struggle, the Anglo-Saxon markets demonstrated that this trend could be reversed.
The sheer importance of the French market meant that EOL had to fight its corner to secure deals in overwhelmingly negative conditions. These difficult circumstances have notably led some other actors to bow out of the office furniture market.
Creating unique workplaces
Key business indicators
3 catalogues covering the office furniture
market
3 manufacturing sites
European-sized warehouse extending
over 30.000m2
1500 active dealers in France and 500 in
the rest of Europe
100% alignment with
the REACH compliant eco-label
15
EOL BusinessEOL Business will launch in mid-June 2015, merging the product offer from previous Referencia / Office Live catalogues under the single EOL brand. It proposes core office furniture products through a network of general office product resellers.
By setting very competitive prices and delivering a high standard in products and services, EOL Business offers a superior quality/price ratio. A 160-page catalogue boasting over 120.000 different products represents the final step in the reconstruction of the EOL brand.
EOL DesignEOL Design is a network of professional interior specialists. Benefiting from a powerful marketing support, EOL Design proposes a range of high value conceptual products and turnkey solutions, all delivered in a very competitive offering.
Ergonomics is one of the products’ main development axes, along with the constant search for a user’s maximum comfort. Elegance and shape are also essential parameters in product design.
EOL ProjectsFirst launched in 2014, EOL Projects is a powerful new tool that has been developed with the purpose of enabling all kinds of office furniture businesses and professionals (space planners, architects, interior desi-gners, etc.) to design or create personalised, user-friendly and lasting workspaces.
EOL Projects aims to promote core values such as innovation, flexibility and drive for improved job satisfaction and wellbeing in the workplace.
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2015 In 2015 AlcoDev will further support its six participations in reaching their ambitious growth targets. AlcoDev will also pur-sue investment strategies in new areas and frontiers, in order to further stimulate the diversification of the Group.
Main initiatives in 2014 After dedicating 2013 to the consolidation and optimisation of the first investments made to date, AlcoDev resumed its investment strategy in 2014 by concluding two deals. The first was with Solar Screen, the European leader in window-film distribution and the second with Belgian Group Thys, a prominent manufacturer and distributor of interior doors, floorings and ceilings.
Created in 2011, AlcoDev aims to diversify Alcopa’s on-going activities towards sus-tainable and profitable businesses where it can leverage existing skills. So far, AlcoDev has invested in six projects, each in partnership with its respective management: CBM, Alcopa Auction, Group Thys, Solar Screen, Africatrucks and Orangemarine.
Damien Heymans, CEO AlcoDev
New businesses to accelerate Group-wide growth
AlcoDev
Group ThysGroup Thys manufactures and distributes interior doors, floorings & ceilings, kitchens & bathrooms. Based in Kapellen (Antwerp) and with combined manufacturing space stretching over 60.000m², its facilities (including 3.000m² of showroom space) produce in excess of 250.000 doors per year. Production capabilities and strong logistics allow Group Thys to offer an exceptional combination of quality, customisation options and short delivery lead times. This, together with its ready-to-install door kits, makes it the leading force on the Belgian door market.
www.groupthys.com
Key business indicators
50.000+ references in bus spare parts
160+ million € worth of cars sold at
auction
1.8+ million m2 of window-films
sold
250.000+ doors manufactured
6.000+ references
in marine spare parts
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CBMCBM is a European leader in the distribution of spare parts for buses and coaches. Based in Le Mans, CBM is present in Europe, North America and Australia. With +50.000 references in stock, CBM offers a unique availability of spare parts together with a customer-driven sales organisation and strong logistic capabilities. CBM delivers its products in +50 different countries.
www.cbmfrance.fr
Alcopa AuctionAlcopa Auction is a leading second-hand car auction company based in France. Alcopa Auction provides its customers and partners with a global, transparent and efficient platform to buy and sell cars.
Four sites (Nancy, Beauvais, Rennes and Tours) and an auction website contributed to auction over €160 million worth of second hand cars in 2014, making it one of the largest players on the French market.
www.alcopa-auction.com
AfricatrucksAfricatrucks is a distributor of light and heavy-duty trucks and trailers in West Africa.
Africatrucks operates from two hubs: Abidjan (Ivory Coast) and Douala (Cameroon). With brands such as FOTON trucks and CIMC trailers, a full range of products is offered to the end customer. Africatrucks remains highly competitive by offering a unique availability of locally stocked parts & accessories, regular training schemes and mainte-nance services.
www.africatrucks.com
Solar Screen
Over 30 years of expertise have made Solar Screen one of Europe’s leaders in window-films, blinds and wall-decoration applications.
Solar Screen has offices in Luxemburg (HQ), France, Germany and Italy. Thanks to their efficient sales organisation and stock, in 2014 Solar Screen achieved its highest performance to date, selling +1.8 million m² of window-films and over 25.000 blinds.
www.solar-screen-europe.com
Orangemarine Based in La Ciotat, Orangemarine distributes marine spare parts through its online platform, offering a stock of over 6.000 immediately available product references. The website provides a unique ex-perience with the best products, easy browsing and exceptionally fast delivery times.
Orangemarine also develops and distributes own-brand products, relying on a strong know-how and an in-house prototyping workshop.
www.orange-marine.com
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AlcopaimmO is the real estate division of the Alcopa Group, and its purpose is to establish and manage a durable and profitable portfolio of property assets. AlcopaimmO performs a range of activities in the real estate sector including the development, acquisition and sale of assets. It is also involved in providing specialised service solutions to businesses.
Matthijs de Wit, CEO AlcopaimmO
Main initiatives In 2014, yet another phase of the transformation works undertaken at our site in Vilvoorde was successfully completed.
Following the demolition of part of the old factory complex, new rental space for semi-industrial businesses was created and leased out in its entirety, within the year, to companies active in the North of Brussels.
Ourambitions Our principal ambition is to develop and manage semi-industrial, commercial and logistic related properties that meet the needs of a constantly evolving market.
All the while ensuring that this is done in a profitable, dynamic, creative and responsible way.
Market conditions Since real estate constitutes an es-sential work tool and component of their cost structures, companies have learned to adapt the size and charges of their premises to the new prevailing market conditions
Prime locations have not suffered too much from the effects of the crisis. In sectors where AlcopaimmO is active, prices are being put under pressure, although this is largely compensated for by high levels of demand.
We strive to offer the most flexible workplaces at affordable rates.
Key business indicators
640.000 m² of land 38 locations 5 countries 380.000 m² of buildings
240.000 m²
of warehouses
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AlcovilThe former site of the Renault Vilvoorde factory is located in the North of Brussels and is currently under development.
Our tenants are automotive, logistic and office furniture companies. Several areas of the site are still being developed, with ambitious plans in the pipeline.
The site, actively managed by AlcopaimmO, stretches for 1.3 km and amounts to over 200.000 m² of land, right on the doorstep of Brussels.
AbelimLocated in a very attractive area along the E19 motorway between Brussels and Antwerp, AlcopaimmO owns 100.000 m² of land in Kontich within the industrial site of Satenrozen, together with multiple office buildings and a large warehouse.
Our highly versatile team also provides facility management services for the site and oversees the project management of a number of refurbishment and transformation works undertaken in our real estate portfolio.
Moorkens Luxembourg
AlcopaimmO is working on the development of several housing and semi-industrial projects, especially in Brussels, Antwerp and Luxemburg.
Sustainability is a very important issue for us and we tend to carry out projects in full compliance with the most demanding environ-mental regulations.
We also believe in the strength of quality architecture and as a result, we aim to recruit the talents of local and international archi-tects to work on our projects.
Immo AresAlcopaimmO benefits from extensive experience in the transformation and management of garages and other properties dedicated to the automotive sector.
These constitute a sizeable portion of our current portfolio of real estate assets.
Safety and the environment have increasingly become a focal point of development within the group these past years, adding useful compe-tencies that help facilitate the successful development of the Group’s operational and real estate projects.
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HoldingBased on solid fundamentals the Group further developed both its existing as well as new activities. This will enable an adequate financing structure at the level of the lines of business based on prudential and performance ratios. Alcopa will continue to assure the monitoring of these KPI’s and make expertise available to the lines of Business.
Finance
Gearing 2014
Solvency 201442% 39%
Paul MariënCFO Alcopa
Purchasing DirectionThe Purchasing Direction has been set-up with the objective to further strengthen purchasing synergies and to increase procurement competence across the Group.
projects have been launched to date
leading to average savings
237+ 7.4%
Damien HeymansGroup Purchasing Director
Alcopa Group is keen to maintain and improve sound corporate governance, adapted to the broad variety of its subsidiaries. Internal Audit strives to support the various businesses and Boards by independently providing assurance and recommendations on the controls that are designed to address business risk.
Internal Audit
audited legal entities auditors84 3 Philippe Dangre
Chief Internal Auditor
Daniel Lambrechts,CIO Alcopa
After the consolidation of the separate IT organisations, we started realising cross-LOB synergies wherever possible. This resulted in the streamlining of IT support processes and the preparation for the outsourcing of commodity services.
Helpdesk and Data Center activities are now provided by an external partner, allowing Alcopa IT to fully focus on processes and applications that reduce costs and/or bring significant and measurable benefits to the business.
IT
Virtual servers in VM environment
projects in different stages of development
180+ 70+
Human ResourcesThe exciting mix of acquiring new activities in new markets, together with managing our historic businesses, means that Alcopa offers “a world of opportunities” and fertile ground for a very diverse range of professional competencies. Whilst ensuring that the basic HR processes are in place for all of our employees, we will increasingly focus on managing interesting career paths and the development of key competences for today and tomorrow. We strive for a company culture where performance management and employee satisfaction go hand in hand, building on our values.
Steven Vinken,Director, Group Human Resources and Internal
Communication.
staff supported 2.300+ Active in 16 Countries
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Governance
Board of Directors
Board of Family Shareholding
In our role as representatives of the Alcopa shareholders, we federate the shareholders, in accordance with our company values, around the long-term corporate vision of the Group.
Benoît Stoop
Hugues Delpire
MichelEeckhout
François Hinfray
Bruno Colmant
Philippe Moorkens
Axel MoorkensChairman
From left to right: Philippe Moorkens, Nicolas Moorkens, Pénélope Moorkens, Frédéric Heymans, Laurent Marinus, Benoît Stoop, Damien Heymans, Lionel Wauters, Marie Moorkens, Axel Moorkens.
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Our geographical footprint
AlcoDev
Australia
Belgium
Cameroon
Canada
France
Germany
Italy
Ivory Coast
Luxemburg
Spain
Russia
USA
CMYK
RVB
PANTONE
57,47,45,35
97,97,98
Cool Gray 10C
42,100,28,28
129,20,83
242CBelgium
France
Luxemburg
Poland
Belgium
Germany
Luxemburg
The Netherlands
Poland
Switzerland
Belgium
France
Luxemburg
The Netherlands
Poland
Switzerland
Belgium
France
The Netherlands
United Kingdom
Belgium
Denmark
France
Germany
The Netherlands
Norway
Portugal
South Africa
Sweden
Switzerland
20 countries - 4 continents
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Canada
USA
South Africa
Russia
Ivory Coast
Australia
Cameroon
Alcopa Headquarters
Alcopa nv – Pierstraat 231 – B-2550 KontichT +32 3 450 03 11 • F +32 3 450 03 15 • VAT BE 0421.837.162
More information : [email protected] - www.alcopa.com