We are invisible!
But we are everywhere!
Industrie Chimiche Forestali S.p.A.
Investor presentation
April 2021
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Disclaimer
This document has been prepared by Industrie Chimiche Forestali S.p.A. ("ICF").
This document does not constitute or form part of any offer or invitation to sell, or any solicitation to purchase any shares or any other kind of financial instruments issued or to be issued by ICF.
Not all the information contained and the opinions expressed in this document have been independently verified. In particular, this document contains forward-looking statements and declarations of pre-eminence that are based on current estimates and assumptions made by the management of ICF to the best of their knowledge. Such forward- looking statements and declarations of pre-eminence are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results including the financial condition and profitability of ICF to differ materially from, or be more negative than, those expressed or implied by such forward-looking statements and declarations of pre-eminence. Consequently, ICF can give no assurance regarding the future accuracy of the
estimates of future performance set forth in this document or the actual occurrence of the predicted developments.
The data and information contained in this document are subject to variations and integrations. Although ICF reserves the right to make such variations and integrations when it deems necessary or appropriate, ICF assumes no affirmative disclosure obligation to make such variations and integration and no reliance should be placed on the accuracy or completeness of the information contained in this document. To the extent permitted by applicable law, no person accepts any liability whatsoever for any loss howsoever arising from the use of this document or of its contents or otherwise arising in connection therewith.
This document has been provided to you solely for your information and may not be reproduced or redistributed, in
whole or in part, to any third party.
By accepting this document, you agree to be bound by the foregoing limitations.
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Industrie Chimiche Forestali
ICF is a leading player in the technical adhesive and fabric business with the mission to pursue organic expansion of its operations while acting as an aggregator of companies operating in complementary businesses exploiting the robust Free Cash Flow generation
Why invest in Industrie Chimiche Forestali
Management | |
Equita; | ICF; 3.6% |
1.9% | |
PEP; | Amundi; |
5.6% | |
4.7% |
Shareholder
structure
11. A public company.The market is the dominant shareholder
22. More than 100 years of historyin the chemical industry
33. Leading player in Technical Adhesive nichewith
V.F. Adhesives
(First Capital);
25.0%
Other Floating; 59.3%
expertise in adhesives and technical fabrics for the
Footwear, Leather Goods, Automotive, Packaging and
Upholstery sectors
44. Export oriented
55. Substantial Free Cash Flow generation
66. Strong focus on sustainability and environmental issues
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Industrie Chimiche Forestali: a 100-year History
The production of | |||
Industrie Chimiche Forestali stops | The production of special | formaldehyde as a derivative | |
impregnated fabrics for the | of pyroligneous begins | ||
producing basic chemicals and | |||
footwear industry starts | |||
finally focuses on the upstream | |||
segment of the footwear industry | '20s | 1918 | |
'30s | |||
1941
'50s
1983
The production of adhesives begins
Forestali relocates production from the plant in Sesto S. Giovanni to the new plant in Marcallo con Casone in the province of Milan
1984
1987
2005
The Forestali activity is enhanced
with the establishment of the
Società Italiana Resine SIR for the production of phenolic resins in Sesto S. Giovanni
ICF completes the Business Combination with EPS Equita PEP SPAC (then renamed ICF Group), listed on the AIM Italia exchange
Industrie Chimiche
Forestali is founded and starts with the extraction of pyroligneous acid from wood
ICF Group merges into
Industrie Chimiche
Forestali, now listed on the AIM Italia Exchange
Adhesives for Furniture and Boating are formulated and introduced into the business
network: Durabond brand is born.
Besides the formulation of high-quality and ease of use adhesives, already existing brands are purchased
ABC (Adhesive Based Chemicals) begins its own activity in 2005, within Forestali, as a company fully dedicated to the polyurethane adhesives industry for industrial applications (Automotive, flexible packaging, graphic arts)
May 2018 | Aug. 2020 |
EPS
EQUITA PEP SPAC
The «Invisible Power»
Adhesives: | ||
• | Solvent-based | |
Footwear & | • | Solvent-free |
Leather | • | Water-based |
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Counter | The | |
Toe puff | ||
Upper | «Invisible Power» | |
Insole | ||
Sole Unit |
Goods |
Technical fabrics: |
• Toe-puff, counters |
/ stiffeners |
• Linings and |
reinforcing |
Technical fabric is used in the toe puffs and counters of the shoe. Adhesive is used to put together mainly uppers, insoles and sole units
Technical fabric goes | Adhesive | is | used | |
to reinforce the handle, | to glue | different | Adhesives have a | |
bottom and sides of | components | of the | negligible impact | |
the bag. Adhesive is | upholstery | |||
on cost of | ||||
used to glue the linings | ||||
production of the | ||||
final article…
Automotive
Adhesives: | ||
• | Solvent-based | |
• | Solvent-free | |
Packaging | • | Water-based |
The layers of the headliner in a vehicle. It can be applied to light vehicles (passenger and commercial)
Adhesives are used to glue
…But a relevant
impact on the
performance. A
low quality
adhesive can lead to serious issues and costs (eg. destroyed shoes or stained car roof)
The | layers | of films | The plastic cover of | The pins used in the |
comprising the package | magazines and | staplers and similar | ||
for | various | applications | periodicals | objects |
(food and non food) |
Product quality,
customized
solutions and
reliability are key
drivers to serve
clients
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Disclaimer
Industrie Chimiche Forestali S.p.A. published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 April 2021 13:19:06 UTC.