Bekaert Investor
Presentation
November 2021
Introduction to Bekaert
OVERVIEW
- The global leader in steel wire transformation and coating technologies
- Leading market position across diverse markets and geographies
- Rich 140-year history of value creation and technological innovation
- Global presence with deep understanding of local needs
STRATEGY
- Optimizing value by actively managing and renewing the core business portfolio
- Unlocking further growth through value-creating innovation, digital and sustainable opportunities, active portfolio management, and selective M&A in existing and adjacent markets
CAPITAL ALLOCATION
- Well-capitalizedto invest in R&D, organic growth, and accretive M&A opportunities
- Net debt / underlying EBITDA has been reduced from 2.7x to 0.7x
- Dividend pay-out ratio policy targeted at 40% of net income
1800
patents and patent
rights
120
countries with
customers served
27000
engaged employees
globally
Investor presentation - Bekaert | 2 |
Global presence across diverse end markets
Combined sales, including sales of joint ventures in Brazil of ~€0.7Bn in 2020
2020 SALES BY END MARKET
23%
14%33%
44% | Tire & Automotive | 30% |
19% | Construction - Infrastructure | |
9% | Agriculture | |
9% | Basic materials | |
8% | Energy & utilities | |
6% | Equipment | |
5% | Consumer goods | Bekaert production plants |
Bekaert offices | ||
Bekaert Technology Centers |
Investor presentation - Bekaert | 3 |
140+ years of innovation, growth and value creation
PIONEERING
Established in Belgium in
1880 as a small barbed wire
manufacturer
First acquisition abroad in 1920 - first investment in Latin America in 1948
Pioneering in new
technologies that address
mega trends:
new mobility | urbanization |
connected & smart | renewable energy | sustainability | reverse globalization
INNOVATING
First patent application in
June 1881
Tire cord development 1952
In-house Engineering and R&D centers since 1960's
Preferred innovation partner of global technology leaders
1 800+ patents in portfolio
Services and adjacent
solutions: Creativity beyond steel
GROWING
Global expansion programs
throughout history
Early presence in Latin
America and China
Largest acquisition (Pirelli) and merger (Bridon): 2014- 2016
Organic/inorganic growth plans in target markets:
Mobility | energy & utilities |
lifting & hoisting | agri |
construction & infrastructure
PERFORMING
Performance
culture
Delivery on priorities
- 200 million paid in dividends since 2018
Significant performance improvement since 2019
Very strong balance sheet Strong margin performance
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PURSUING
Partnerships and
collaboration better together
Operational and commercial
excellence
Actions to unlock the
company's full potential
Innovation, digital, and sustainability strategy
Value creation for all
stakeholders
Investor presentation - Bekaert | 4 |
Bekaert Group Executive
Leading with a shared ambition
Oswald Schmid
CEO
Stijn Vanneste | Arnaud Lesschaeve | Curd Vandekerckhove | Yves Kerstens | |||||
Divisional CEO | Divisional CEO | Divisional CEO | Divisional CEO | |||||
Steel Wire Solutions | Rubber Reinforcement | Bridon-Bekaert Ropes Group | Specialty Businesses |
Chief Operations Officer
Taoufiq Boussaid | Kerstin Artenberg | Juan Carlos Alonso |
Chief Financial Officer | Chief HR Officer | Chief Strategy Officer |
5
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Disclaimer
Bekaert NV published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 08:19:01 UTC.