Presentation of the Inwido Group

Transkript

1 Presentation of the Inwido Group Sven-Gunnar Schough, CEO February, 2007

2 Vision & Mission Letting in the light - the one-stop-shop for closing the building Being the preferred partner - as the number one Window and Door Group in the Nordic countries and one of the top three in each market as well as in selected European markets 2

3 Inwido - The number one window and door group in the Nordic region Current market position by country Sweden 1st Finland 2nd Norway 2nd Denmark 2nd Nordic 2nd UK niche player Ireland niche player Poland niche player (1st wooden windows) A multi-brand, multi-channel strategy Existing business 3

4 Inwido - The number one window and door group in the Nordic region Financials Sales EBITA Margin Production Units Employees Components used Acquisitions last 24 months , m3 21 Existing business 4

5 INWIDO strategiska tillväxt problem Tillgång till komponenter med hög kvalitet Trä komponenter tillkortakommande gentemot PVC Ytbehandlingens miljömässiga konsekvenser och dess tillkortakommande 5

6 Joinery Component Survey Supply & demand trends within 3 years Balance in Supply & Demand? 1000 m3 600 Supply & Demand 2006 Capacity shall be segmented into Volume Quality Cost competitiveness And divided into Window & Door manufacturer Stand alone component mills Sawmill integrated component mills Inwido Demand Supply Nordics Baltics Poland & Germany Russia 6

7 Joinery Component Survey Supply & demand trends within 3 years Balance in Supply & Demand? Quality High quality Components creates demand Joinery Component business do not, in current stage, follow normal Supply and Demand Cost competitiveness EoS via high performance equipment, producing more than a single manufacturers demand Raw material selection with x-ray technology More than 20% saving approx. 5% of end user price m Supply & Demand Inwido Demand Nordics Poland & Germany Supply Baltics Russia

8 Joinery Component Survey Supply & demand trends within 3 years Balance in Supply & Demand? Conclusion Fictitious balance in Supply and Demand. Higher demand vs. supply of High quality & Cost competitive Joinery components High quality Joinery Components creates demand and thereby market growth Joinery Component manufacturing (baseload) moving to Integrated sawmill operations Stand alone Component mills needs raw material co-operation or other business concept 1000 m Supply & Demand Inwido Demand Nordics Supply Baltics Requires FSC/PEFC certificates Poland & Germany Russia 8

9 Joinery Component Survey Estimated investments Growth of joinery component market depends on four factors: 1) availability of good raw material, particularly Nordic pine, 2) product quality of finger joints, 3) reliability of the supplier to deliver large amounts of quality components on time, 4) price level of raw material. Investment outlook 2008 Companies Added capacity [m3] Finland UPM, Suolahden, Pihlavan Sweden AT Trä., Setra, (SCA?) Denmark Mygind Estonia Baros Latvia and Lithuania Poland Russia Sawmill investments incl further processing in planning Not observed any investments. Not observed any investments. Likely to invest only after planing mills are successful planing investments 9

10 Russian export taxes At the moment import tax for logs is about 4,5 /m %, min 10, excl. BPW<15cm %, min 15, excl. BPW<15cm %, min 50, excl. BPW<15cm %, min 50, incl. BPW<15cm Conclusion: raise stops log import from Russia Import to Finland now ~ 4 Mm3 abt 2 Mio M3 sawn goods Added supply problem -> 130 Mm3 down due to 3 heavy storms = 30 years of Russia export to Finland 10

11 Obesvarade frågor Kommer Baltikum att vara konkurrens kraftiga inom fönster och dörrar? Hur kommer balansen och därmed priset att påverkas av stormarna och ryskt exportstopp 2009? Vilka partners är värda att satsa på i framtiden? Produktutveckling Förståelse för behovet inom industrin Prismässigt konkurrenskraftiga När slutar sågverksindustrin att snacka om vidareförädling och gör något konkret? 11