170821 company presentation en 2 - flexible packaging ...€¦ · lamination raw material ......
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Constantia FlexiblesCompany Presentation
Constantia Flexibles in a nutshell
#2in Europe
#4globally
56production sites
in 24 countries
Headquarters
in Austria, ViennaVienna
3 business segments
FOOD, PHARMA, LABELS
7%paper-based
43%aluminum-based50%
plastic-based
~ 10,000employees
4,000requests for
sustainability/year
Company Presentation 2
Shareholders
Wendel Group (~61%)
AREPO Foundation (~27%)
Maxburg Capital Partners
(~11%)
Global production network: 56 plants in 24 countries
Production Site Sales Office12 7 10
3 5
Company Presentation 3
10 1 8
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
Company Presentation 4
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
Company Presentation 5
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
Company Presentation 6
Strong market position in attractive segments
~ 56% of sales in attractive markets, where Constantia commands a #1 or #2 position
Global #1
� Confectionery foil
� Die-cut lidding
� Alu-container systems
Global #2
� Blister lidding foils
� Coldform foils
Global #1
� Beer labels
� In-mould labels
Company Presentation 7
Global #2
� Reel-fed lidding
Long-term partnerships with customers
Pharma LabelsFood
Company Presentation 8
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
Company Presentation 9
� Digital printing opens the
doors to digitalized
production with worldwide
quality standards
� Quick turnaround saves
costs and enables faster and
especially more flexible
production
� Cloud solutions increase
flexibility
� Personalized and individual
designs
� Trend to short production
runs
Digital Printing
Company Presentation 10
We have digital printing in
Australia, Malaysia, USA and
UK – all in Labels division
Latest HP Indigo printer in
UK focused on Pressure
Sensitve Labels
Projects for Flexibles
Packaging and Blister Foil
Digital Printing ongoing
Cwmbran (UK)
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
Company Presentation 11
Sales by region and division 2016
Sales by region Sales by division
Labels
61%
24%
9%
6%
Europe
America
(USA/Mexico)
Asia
Middle East/Africa
57%29%
14%
Pharma
Labels Food
Company Presentation 12
Growth development over the last 10 years
Sales (€ mn) and sales growth (%)
766
1.029 1.026 977 1.047
1.213 1.314
1.634 1.712
1.870
2.062
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016
+10.4%p.a.
Operative EBITDA (€ mn) and EBITDA growth (%)
108 143 139 136 158 170 188 234 256 263 287
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016
+10.3%p.a.
EBITDA Margin (%)
14,1% 13,9% 13,5% 13,9% 15,1% 14,0% 14,3% 14,3% 14,9% 13,9% 13,9%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016
Company Presentation 13
Investments in growth
OEP Wendel Group
Globalpack
Spear
Parikh
Pemara
Afripack
Oai Hung
AlucapIPO & Trade Sale Folding
Lamp
Bucharest
Acquisition Divesture/Closure
2013 2014 2015 2016 2017
Company Presentation 14
Printer Labels
FOCUS21 – based on three pillars
Defend and
extend leading
positions
Greater ambitions Acquisitions
Key levers for implementation
Company Presentation 15
Driving Global Expansion by M&A
Market Position� Nr. 4 globally
� Nr. 2 in Europe
� Nr. 1 in Mexico
� Nr. 2 in Sub-Sahara Africa
� Key Player in India
� Niche Portfolio leader in U.S.
Focus for mid-term
expansion� Expand in U.S.
� Strengthen position in
South East Asia and IndiaConstantia Flexibles Market Presence with local production
Company Presentation 16
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
20 experts working on
close to 100 projects
every year
30 experts working on
close to 100 projects
every year
Company Presentation 17
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 Transparent High Barrier5 6 7 8
85% renewablematerials
High-barrierproperties
Bio-certified
Connecting packaging
With the
Virtual world
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
Transparentpaper look
High barrierlacquer
Company Presentation 18
Sustainability policy
� Systematic risk management
� Compliance guidelines
� Comprehensive quality
management
� Environmentally friendly and
resource-sparing production
technology, materials and
ingredients
� Reduction of environmental
pollution, waste & greenhouse
gases
� Ethical sourcing
(member of SEDEX)
� Social outreach projects for
disadvantaged groups
� Group Social Award for
outstanding achievement
Economic responsibility Social responsibilityEnvironmental responsibility
Company Presentation 19
Sustainability in 2016
600ecological assessments and
life cycle assessments for
raw materials and products
per year
64sponsoring activities
worldwide
51social initiatives
(thereof 64% with
focus on local
communities)
~ 50%of the world‘s electricity
purchased from
renewable resourses
88initiatives 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
~ 150ISO-certificates
for our plants
worldwide
ISO
Company Presentation 20
<CO2 40%the Group-wide goal of CO2
reduction by 2023 (per
square meter produced)
Number of employees by region*
20%
53%
7%
20%
Company Presentation 21
* Full Time Equivalent (FTE)
Experienced people with passion for packaging
� Work beyond country borders
� Foster proximity and openness
� Encourage international
transfers
� Collaboration to culture and
respect
� Hire the best candidates through
structured processes
� Develop employees’ skills and
performance based on three
core competencies: Driving
customer value, fostering
collaboration, passion for results
� Strategic talent management
� Design our reward and com-
pensation system in order to:
– Foster motivation and
competitiveness
– Increase performance-
orientation
An attractive employer with a corporate culture focused on employee development
Culture & respect Learning & development Rewards & fringe benefits
Company Presentation 22
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.
� In 2016, Constantia Flexibles was able to decrease the LTI
(lost time injury) rate by 21.5%.
Company Presentation 23
Every single work-related accident with injury to a person is one accident too many!
Key take-away messages
Organic growth and acquisitions
Effective cost-management and Operational Excellence
Stable growth based on high share of essential daily products
Expansion of product portfolio through innovative solutions
CIP
Operational
Excellence
Lean
Six Sigma
Company Presentation 24
PEOPLE
PASSION
PACKAGING
Products
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,
R offer best barrier and
processing properties.
CONSTANTIA
InnovationsSmall, Aluminum based portion
packs for liquids, gels, powders,
R offer best barrier and
processing properties.
Company Presentation 27
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.
Company Presentation 28
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.
Company Presentation 29
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.
Company Presentation 30
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.
Company Presentation 31
Dairy: Yellow Fat Wraps & Cheese
CONSTANTIA
Flow WrapFilm laminate solution for flow wrap
packaging. HD-flexo or gravure
printed plus pattern lacquer possible.
CONSTANTIA
ComiwrapAn aluminum free Paper/PET
laminate sealing against PS.
CONSTANTIA
Melted Cheese
Packaging SystemConstantia Flexibles system supplier
for melted Cheese packaging: shell
foil, lid foil and tear strip.
Company Presentation 32
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.
Company Presentation 33
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.
Company Presentation 34
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.
Company Presentation 35
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.
Company Presentation 36
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).
Company Presentation 37
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
Company Presentation 38
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 oneHigh Performance Lidding
Foils for blister packaging.
CONSTANTIA
Anti-CounterfeitEconomic PVC blister
lidding for products with
lower barrier requirements.
Company Presentation 39
Pharma: Specials & Laminates
CONSTANTIA
SafemaxHigh Performance Lidding
Foils for blister packaging.
CONSTANTIA
Contact lensesHigh Performance Lidding
Foils for blister packaging.
CONSTANTIA
Stick PackChild resistant & senior friendly
opening features. DryFoil with
active moisture protection.
CONSTANTIA
SachetReliable product protection
with high seal integrity.
Company Presentation 40
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.
Company Presentation 41
Labels
Spear RCPressure sensitive
labels, recycable
with PET.
ThermoWashPressure sensitive
labels, for returnable
bootles.
Digital PrintIndustry leading
technology.
InteractivityMultiple ways to
engage the
consumer.
SmartTop
foil can lidsMultiple ways to
engage the
consumer.
Paper LabelsHigh impact.
Cost-effective.
Company Presentation 42
Labels
Shrink SleeveFull coverage.
Maximized
branding.
Foil LabelsPremium impact.
Tamper protection.
360 LabelsUnbelievably vivid
color. Exceptional
durability.
Pressure
SensitiveUnparalleled
efficiency.
Stunning
shelf appeal.
VerstraeteIn mould labels.
Spear SealMaximize
freshness
with convenient
re-sealable
packaging.
Company Presentation 43