Professional Documents
Culture Documents
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Seifi Ghasemi, Chairman & CEO
Seifi Ghasemi has been Chairman and Chief Executive Officer of Rockwood
Holdings, Inc. and Rockwood Specialties Group, Inc. since November 2001. From
1997 to 2001 he was with GKN PLC, a $6.0 billion per year global industrial
company. He served as a Director of the Main Board of GKN PLC and was
Chairman and Chief Executive Officer of GKN Sinter Metals, Inc. and Hoeganes
Corporation. Before that, for 18 years, Mr. Ghasemi was with the BOC Group PLC,
a $7 billion per year global industrial gas company. He was a Director of the Main
Board of the BOC Group PLC; President of BOC Americas and Chairman and Chief
Executive Officer of BOC Process Plants, Ltd. and Cryostar. Mr. Ghasemi has a
M.S. in mechanical engineering from Stanford University.
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Started as a leveraged buyout in 2001
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Rockwood Business Sectors
Electronics
Specialty Pigments & Advanced
Chemicals Additives Materials Net Sales: $211
Adj. EBITDA: 36
% Margin: 17.2%
Net Sales: $997 Net Sales: $1,233 Net Sales: $685
Adj. EBITDA: 239 Adj. EBITDA: 225 Adj. EBITDA: 151
% Margin: 24.0% % Margin: 18.3% % Margin: 22.0%
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Specialty Chemicals (Chemetall)
37% (1)
Largest
Largest
Global Producer
Global Producer
of Lithium
of Lithium Products
Products
Pharmaceutical Batteries
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Specialty Chemicals (Chemetall)
37% (1)
Second Largest
Second Largest
Global Producer
Global Producer
of Products &
of Lithium Products
Services for Metal
Processing
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Pigments & Additives
35% (1)
Pigments
TiO2 Pigments
Timber Treatment
Clay-Based Additives
TiO2 Specialties/Nano Particles
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23% (1)
Advanced Materials
Ceramics – Piezo
Ceramics – Medical
Applications
Ceramics – Electronic
Ceramics – Cutting Tools
Applications
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Attractive Global Businesses in Diversified End-Markets
E n v ir o n m e n ta l
C o n su m e r P r o d u c ts 2%
5% P a p e r O th e r s
S p e c ia lty C o a tin g s 3% 6 % L ife S c ie n c e s
3%
7%
Au to m o tiv e M e ta l T r e a tm e n t &
16% G e n e r a l In d u s tr ial
14%
E le c tr o n ics &
T e le c o m m u n ic atio n
C o n s tru c tio n
15%
C h e m ic a ls & P la s tic s 16%
13%
Total : $3.0 billion
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Attractive Global Businesses in Diversified End-Markets
2006 Net Sales by Geography
Europe
49 %
O th e r
17 %
N o r th Am e r ica
3 4%
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Attractive Customer Profile
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Inorganic Raw Material Base with Limited Exposure to Energy Prices
Exposure Very limited exposure to oil price fluctuations due to inorganic focus
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Transformation of Rockwood – 2001 to 2007
Sales Adjusted %
EBITDA
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The Rockwood History – Transformation Through Growth
2005
IPO – all primary
($ in millions)
Delevers balance sheet Rockwood Today
2002 Sales(1) : $3.1 billion
Continued focus on cash flow
New strategic initiatives generation
Culture change Organic and bolt-on acquisition-driven
Sets up metrics growth
Net Sales
from strategic of the two businesses $2,250
initiatives
Elimination of $1,900
2001
bureaucracy
Impacted by economic $1,550
Shifts focus to
downturn
growth $1,200
Hires Seifi Ghasemi and Bob
$850
Zatta
$500
Jan 00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 December 31, 2006
We have evolved into a leading specialty chemical and advanced materials company through a combination
of organic growth, disciplined strategic acquisitions, seamless integration and cost control.
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Transformation of Rockwood – 2001 to 2007
13 Acquisitions
3 Divestitures
Organic growth
Focused strategy
Cultural transformation
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Corporate Strategy
Technology leadership
High margins
Customer focused
Cash generation
Commitment to excellence
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Management Philosophy
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Our Record for the Past 6 Years
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Rockwood Growth History
($ in millions)
% $599
$3,126 10.6
. 2% :
R : 12 $2,975
CAG
R $553
CAG $2,742 $519
$2,574 $479
$2,183 $415
$370
$1,874
2002 PF2003 PF 2004 PF 2005 2006 LTM 2002 PF2003 PF 2004 PF 2005
Margin: 2006 LTM
6/30/07 19.7% 19.0% 18.6% 18.9% 18.6% 19.2%
6/30/07
Note: Reflects sale of Groupe Novasep. 2002 based on the combined Dynamit Nobel FYE 9/30 and Rockwood FYE 12/31 results.
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Net Debt/LTM Adjusted EBITDA
7,0
6,5
6,0
5,5
5,0
4,5
4,0
3,5
Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun-
03 04 04 04 04 05 05 05 05 06 06 06 06 07 07
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Moving Forward
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Moving Forward
Focus
Portfolio
Focus on our core businesses,
where we already have:
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Moving Forward
Focus
Portfolio
Organic growth: +5% per year
Invest in
The Business
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Compelling Organic Growth Platforms
Specialty Chemicals
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Compelling Organic Growth Platforms (Cont’d)
TiO2 Anatase TiO2 for Asian synthetic fiber A leading global producer
producers
Specialties Nano-applications
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Compelling Organic Growth Platforms (Cont’d)
Advanced Materials
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Moving Forward
Focus
Portfolio
Debt to Adjusted EBITDA of 3.5x
Focus
Improve
On Growth & EPS growth of +15% per year
Financial
Productivity
Ratios
Improve
Financial Ratios
Invest in
The Business
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Moving Forward
Focus
Portfolio
Sustainable Maintenance CapEx 3% of sales
Focus
On Growth Total CapEx 6-7% of sales
Invest in &
Productivity
the Business
Improve
Financial Ratios
Invest in
The Business
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Moving Forward
Invest
Invest in
in Sustainable Maintenance CapEx 3% of sales
The
The Business
Business Total CapEx 6-7% of sales
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Rockwood Performance – First Half 2007*
*For details please refer to Rockwood results posted on our web site: www.rocksp.com
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Focused on Organic
Growth and Productivity