View
164
Download
1
Category
Preview:
Citation preview
1. The Navigator Company in a new development cycle in Tissue business.
2. Quality, Inovation, Competitive advantages and Sustainability of Navigator Tissue.
3. The Tissue brands and products of The Navigator Company
The Navigator Company
R&D
Forestry
Energy
Pulp
UWF & Tissue paper
Consumers
Distribution channels
The Navigator Company Integrated group from Forest to Paper
Mission
Be a global company, reknown for transforming the fores, in an inovative and sustainable way, into products and services contributing to the people well-being.
Vision
Extend to new business areas the leadership conquered in Uncoated woodfree paper, thus afirmin Portugal’s role worldwide.
European Leader for Uncoated Woodfree Paper
The most recent paper machine in Setúbal (2009) further increased the group’s worth for Portugal’s economy:
Positonning the Company as Europe’s leading uncoated woodfree paper producer (UWF), the segment including office papers. We are the 6th largest producer at world scale.
The Navigator Company is also the European leader – and one of the largest global producer – for Bleached Eucalyptus Pulp (BEKP)
We export 95% of our sales, to 123 countries, on 5 continents. This represents 7% of all exports through national harbours.
Production capacity: 1,6 million tons of paper/year.
1,4 M. Tons of pulp (of which about 1,1 are integrated to produce paper)
2,5 TWh of electric energy: We are the largest producer in Portugal of renewable energy, from biomass.
The Navigator Company
2015 2014
Total sales 1 628,0 1 542,3
EBITDA 390,0 328,4
EBITDA/Sales (%) 24% 21,30%
Net results 196,4 181,5
Cash-Flow 81,0 234,2
Group > Economic indicators
Results (Millions of euros)
HIGIÉNICO 3F AMOOS 18=36 30MTS PACK18
HIGÉNICO 3F ESTRELA amOOs ROSA PACK4
HIGIÉNICO 3F ESTRELA amOOs ROSA PACK12
3 Folhas
Perfumado
The Navigator Company is listed on the Lisbon stock
exchange and part of the main index PSI-20.
Shareholder structure:
- Semapa: 64,8%
- Free float: 28,6%
- Own shares: 6,6%
The Navigator Company operates 4 mills of international standard, with advanced techology, including 3 UWF mills and one Tissue mill in Vila Velha de Ródão.
Cacia
Pulp– 353.000 tAD
Setúbal Pulp – 550.000 tAD / Paper 775.000 t
Figueira da Foz Pulp– 570.000 tAD / Paper 790.000 t
Vila Velha de Ródão Tissue paper – 60.000 t / 65.000 t converting
Group > Industrial asset base
The Navigator Company decided to diversify its business by entering in the Tissue business sector, with the aim to become one of the relevant players in the European market. The first step was the aquisition of one sucessful tissue producer in Portugal - AMS BR Star Paper S.A. (now Navigator Tissue), located in Vila Velha de Rodão, near Castelo Branco. AMS is the most efficient tissue mill in Portugal and Spain. Since October 2015, the conclusion of the “Reflex” project increased production capacity to 60.000 tons. Navigator Tissue reached sales of 55,8M€ in 2015 and 199 full-time direct employees. 52% of sales are directed to Consumer channels, while the remaining 48% correspond to the professional channel (Away from Home).
A new cycle, entering the Tissue business
2015 564 Customers
56 m€ Saes 8 m€ EBITDA
199 Employees
20% Marketshare Consumer Portugal
Tissue Business Unit, a success story
9
AUGUST 2009 Production Start
No sales, no customers
In 2015, the Tissue Business Unit sold € 55,8 million, a growth of about 9% in relation to the previous year of sales.
In 2015, the occupation rate of the paper machines was 95%, well above the average industry rate of about 88% (WE).
2008 Project rated as National
interest
2013 Workplace Excellence
Prize
2013 100 Best places
to work in Portugal
2015 100 Best places
to work in Portugal
2014 EUROPEAN
ENTERPRISE PROMOTION AWARD
2014 100 Best places
to work in Portugal
10
Tissue Business Unit, a success story
A path of excellence due to full dedication to an ambitious project
11
Expansion of the mill with increase of production capacity. – New paper machine, with a production capacity of
30.000 tons, started in September 2015.
– Two new converting lines in operation: ○ 2nd line for Professional products (AfH) . ○ New, advanced line for hand towels.
– Automation of products handling within the mill.
– New buildings, adding 32.000 m2 covered area. Investment 36 M€ in 2015.
In 2015, we doubled our capacity with a second paper machine
New Cycle for The Navigator Company
Extract from our Q1 2016 results publication
Availiable online: www.thenavigatorcompany.com
The consumption of Virgin Fibre has been growing in the last years. Not only due to the decrease of stocks of recycled fibre, but also because consumers are increasingly demanding high quality products. Pure virgin fibre is the central raw material of our products, using an optimized combination of fibres, with a high share for Eucalyptus Globulus fibres, brought to the Tissue Mill by pipeline, granting outstanding softness and product quality.
Quality: 100% pure pulp
30
40
50
60
70
80
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Recycling Rate / Use of recycled fibre, % (RISI)
Average decline -3.8%/a in RCF utilization
Recycling Rate is very high and cannot grow much more.
Integrated Production
Among all tissue mills in Europe only two are connected through pipeline to the pulp producer, like our mill. This solution enables a high consistency in the quality of the pulp with a much more efficient operation from both logistic and energetic point of view, with the consequent environmental advantages.
Pulp Mill
Pipeline connection Tissue Mill
Navigator Tissue Better efficiency of the available resources
Vertical integration granting a raw
material with high quality standards
Reduction of CO2 emissions in
11,000 tons per year.
Reduction of the energetic consumptions
Through an eco friendly production method.
State of the art equipment, allowing the production of a wide range of products with the best quality. Modern machines with the latest technology, enabling the production of tissue paper from 14 (g/m²) to 32 (g/m²).
Competitiveness: most advanced machines
Last generation micro-deco embossing, perfect lamination, granting to the tissue final product a higher resistance and absorption.
Competitiveness: choice of embossing
Competitiveness: fit to customer demand
Source – GFK Focus Group Ibérico 07/2015
The key values in the analysis of Tissue products are the soft hand feeling sensation, dry strength and absorption capacity. These are the 3 basic characteristics that support tissue products category evaluation.
Resistance
Softness Absorption
Sustainability
Winner of the European Enterprise Promotion Award (European Commission), in the category of Supporting the Development of Green Markets and Resource Efficiency, granting with its innovative project a high sustainability and contribution to the defense of the environment. Our products’ raw materials come from responsibly managed forests. The environmental commitment is recognized and certified by the international standard ISO 14001 – Environmental Management.
Toilet paper with 2 or 3 plys 4, 6 and 12 rolls, white and pink
Kitchen paper with 2 plys 2 e 4 rolls
Towels 1 and 2 plys. Big Rolls 2 plys
amOOs, for the Consumer segment
Wide variety of packs available for Private Label, up to 4 plys.
Professional segment (AfH)
• Professional Segment (AFH) - Jumbo Toilet Paper - Wiping Paper - Centre Feed Wipers - Auto-cut Rolls - Napkins - Handtowels - Couch Rolls
1995
2001
2002
2004
2005
2007
2009
2010
World Business Council for Sustainable Development member
Founding member BCSD Portugal Business Council for Sustainable Development
Founding memeber RSE Portugal (Portugues Association for Businesses Social Responsabilty)*
Integrating Global Compact from the United Nations
Adhesion to the Millenium objectives letter of commitment promoting best practices of social responsabilty
Adhesion to Countdown 2010: Global Action for Biodiversity
Signature of the Biodiversity Protocol with ICNB – Instituto de Conservação da Natureza e Biodiversidade
FSC Forest certification
PEFC Forest Certification
European Eco-label Certification
* Currently extinct
Social and Environmental Respondability
The Navigator Company Message from our CEO
24
A Sustainable Future
The Navigator Company group is today one of the world's leading
players in the pulp and paper industry. This is an achievement of
which Portugal can be proud of and which is crucial to the country's
economic and social development. The high standards handed from
one generation of workers to another have created a culture of
success, which with careful nurturing will enable us to face the
challenges of the future.
This positive culture of achievement and leadership, honed in very
different areas of experience and expertise, is the Group's main
capital, making it able to stick to a promising path in a challenging
economic environment, at home and internationally.
It falls to us to prove ourselves worthy of this and to show the ability
to map out a way ahead, based on the strict values which have
enabled the Group to establish itself as exemplary in its dealings with
all the community.
Diogo da Silveira Presidente da Comissão Executiva
Recommended