We are invisible!
But we are everywhere!
Industrie Chimiche Forestali S.p.A.
Investor presentation
October 2023
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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
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 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
ICF stops producing basic chemicals
and focuses on the upstream segment of the footwear industry
'50s
The production of | ||
The production of special | formaldehyde as a derivative | |
impregnated fabrics for the | of pyroligneous begins | |
footwear industry starts | ||
'30s | '20s | 1918 |
1941
1983
The production of adhesives begins
Forestali relocates production
Establishment of the Società
Italiana Resine SIR for the
production of phenolic resins in
Sesto S. Giovanni
Industrie Chimiche
Forestali is founded and starts with the extraction of pyroligneous acid from wood
from the plant in Sesto S. Giovanni to the new plant in Marcallo con Casone in the province of Milan
1984
1987
2005
ICF completes the Business
Combination with EPS Equita PEP SPAC (then renamed ICF Group), listed on the AIM Italia exchange
ICF Group merges
into Industrie
Chimiche Forestali, now listed on the AIM Italia Exchange
Adhesives for Furniture and Marine 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
2018 | 2020 | 2021 | 2023 | |
ABC (Adhesive Based Chemicals) | ||||
begins its own activity in 2005, within | EPSEQUITA PEP SPAC | |||
Forestali, as a company fully dedicated | ICF Group acquires | |||
to the polyurethane adhesives industry | Industria Chimica Morel | |||
for industrial applications | in 2021 and Tessitura | |||
(Automotive, flexible packaging, | Langè in 2023 | |||
graphic arts) |
The «Invisible Power»
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Footwear &
Leather
Goods
Automotive
Packaging
Adhesives:
- Solvent-based
- Solvent-free
- Water-based
Technical fabrics:
- Toe-puff,counters / stiffeners
- Linings and reinforcing
Adhesives:
- Solvent-based
- Solvent-free
- Water-based
Adhesives:
- Solvent-based
- Solvent-free
- Water-based
Technical fabrics:
- Cotton fabrics for lux packaging
Counter | ||||||
Toe puff | Upper | |||||
Insole | ||||||
Sole Unit | ||||||
Technical fabric is used in the | Technical fabric goes | Adhesive | is | used | ||
toe puffs and counters of the | to reinforce the handle, | to glue | different | |||
shoe. Adhesive is used to put | bottom and sides of | components | of the | |||
together | mainly | uppers, | the bag. Adhesive is | upholstery | ||
insoles and sole units | used to glue the linings |
The layers of the headliner in a vehicle. It can be applied to light vehicles (passenger and commercial)
Adhesives are used to glue
The | layers | of films | The plastic cover of | |
comprising | the | package | magazines and | The pins used in the |
for | various | applications | periodicals | |
staplers and similar | ||||
(food and non food) | objects |
The
«Invisible Power»
Adhesives have a minor impact on cost of production of the final article…
…But a critical impact on the performance. A
low quality
adhesive can lead to serious issues and costs (e.g. destroyed shoes or stained car roof)
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 04 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 14:25:15 UTC.