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AMORIM GROUP
AMORIM - INVESTIMENTOS E PARTICIPAES, S.G.P.S., S.A.
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1870
Historic origin of the business cork: a small family-owned cork-producing company;
60sVertical expansion of the cork business: utilization of the cork wastes resultant of the cork production;
First step to the internationalization process (ustria): access platform to the East Europe market;
80sDiversification into new business areas: finantial, real estate, hotels and development, benefiting fromnew opportunities arinsing out ofPortugals membership of the EEC and the growth of the portugueseeconomy;
The Amorim Group takes a stake of BCP, the biggest private-sector bank in Portugal;
Cork: establishment of its own external distribution network;
Milestones
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90s until 2005
Establishment of new business areas: NATURE and AMORIM.COM;
Verical expansion of the upstream cork business: acquisition and preparation raw material centresnear the respective production areas;
Importants Associations:- hotels - Accor Group- real estate investment - GE Real Estate
2005
The holding sold Amorim Imobiliria, S.G.P.S., S.A. and Amorim Turismo, S.G.P.S., S.A., focusing onCORTICEIRAAMORIM, the core business of the Amorim Group.
2008Creation of Amorim Global Investors, a new holding company that will explore investmenopportunities in sector leading companies, capitalizing on the expertise, foresight and global networkof the Amorim Group.
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AMORIM INVESTIMENTOS E PARTICIPAES, S.G.P.S., S.A.
CORTICEIRA AMORIM OTHER PARTICIPATIO
Organization Chart
AMORIM GLOBAL INVESTORS
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A Global Presence
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CORTICEIRA AMORIM, S.G.P.S., S.A.
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Key Unique Characteristics:
- Environmentally friendly- odourless- thermal, acoustic & vibrating insulation- high resistance to wear & tear- high elasticity & compressibility- fire & water resistant- floating-grade lightness
Composition:
- 14-sided micro cells- Inter-cell spaced filled with a gaseoussubstance similar to air
Cork - A truly renewable and natural Product
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Portugals Cork Oak
Forest:
-23.5% of the countrysforest area
- 736,700 ha
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Portugal exports90% of its corkproduction
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Organization Chart
CORTICEIRA AMORIM, S.G.P.S., S.A.
Amorim Natural Cork
Insulation
Cork
Floor and
Wall Coverings
AMORIM INVESTIMENTOS E PARTICIPAES, S.G.P.S., S.A.
Raw Materials
69%
Cork Stoppers
Amorim Cork Composites
Amorim Cork Research
Composite
Cork
EXECUTIVE COMISSION
MACRO-AREAS
BUSINESS UNITS
453 770 000 00
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N of staff members (average) 3.745
Net Assets Euro 574.7 million
Turnover Euro 468.2 million
Listed in Stock Exchange since December 1991Shared Capital: Euro 133 000 000:- Amorim: 67,8%
Main Figures - 2008
453.770.000,00
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The worlds largest manufacturer of value-added
cork productswith operations in 103 countries,
generating and marketing 30% of the world production
What is CORTICEIRA AMORIM?
Cork certified, by FSC.
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Undisputed World Leader
Largest market share in all product segments:Cork Stoppers: 25%Cork floor coverings: 65%Composite Cork: 55%Insulation Cork: 80%
Brand Recognition
Corticeira Amorim is leading the industry for more than 130 years,offering unmatched product quality and technical performance.
DistributionDedicated sales force supplying clients in over 100 countries.
that creates key competitive advantages
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VerticalisationUnique integration, from raw material purchasing to after-sales services
R&D
Fully-staffed department operating under strict scientific guidelines
Quality ControlInnovative company-wide performance control processes
Credibility & Know HowConsistent high product quality and technical performance
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Wine & Spirits - Natural, technical and agglomerated cork stoppers
Home & Office Decoration - Flooring and decorative accessories
Automotive - Engine, transmission and valve gaskets
Aerospace - Spacecraft thermal protection
Large Infrastructure - Vibration-control materials for road, bridge
and railway construction
Home Construction - Acoustic insulation materials
Fashion - Footwear, clothing and fashion accessories
Some Industry Applications...
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RAW MATERIALS
R M t i l B i U it
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Raw Materials Business Unit
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- Management of purchasing storage and preparation of the single variable common to all the activitiesof CORTICEIRA AMORIM, which is the raw material - cork
- Direct presence in raw material producing countries subsidiaries (all of them located in Cork ForesRegions) in Portugal, Spain, Morocco, Algeria and Tunisia allowing for source-diversification and controover flow or raw material throughout the course of the production process
- Integrated raw material production centres one-stop locations for raw material purchasing, sorting,grading and pre-production standardisation
- Ensure the maximum usage of raw materials and its characteristics- Logistic coordination between this stage of the production process and the manufacturingunits to ne supplied
Vertical integration without land ownership
Raw Materials Business Unit
Although it does not own any forests, CORTICEIRA AMORIM is one of the key promoters ofFSC certification of forest management systems in Portugal.
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- Monitor and antecipate the price cycle- Reinforce the global presence in Procurement (Iberian and North Africa) and manage raw material froa multinational perspective
- Keep a historical register of production (record) kept up to date by rural property
- Strengthen dialogue with the producers:Promoting certification of forestsIncentives for increasing the technical quality of the cork
Development of R&D partnerships applied to the forest
Main goals
Raw Materials Business Unit
- Call the attention of government bodies to the cork forest and need for their support
- Prepare, discuss and decide long-term supplies policy
- Reinforce synergies between Business Units and the improvement of Consolidated Margin
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Raw Materials Business Unit
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CORK STOPPERS
Cork Stoppers Business Unit
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Cork Stoppers Business Unit
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Cork stoppers: - Wine, Port wine, champagne, sparkling wines- Whisky, cognac, brandy- Beer, cider
Seals: - Seals and conical seals for laboratory and pharmaceutical usage
Other uses: - Fishing-rod handles- Life jackets and other buoyancy devices- Shuttlecoks for badminton
Applications
Cork Stoppers Business Unit
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Main Markets- USA, France, Germany, Australia, Portugal, Italy, Spain and Latin America- 56% of sales in Europe- 28% of sales in the Americas
Amorims Global Market Share
- 25% of the world natural cork stoppers market
Product mix is mainly: natural cork, champagne and sparkling wine corks, bar tops, agglomerated corand technical stoppers
Yearly production of cork stoppers nears 3 billion units.
Cork Stoppers Business Unit
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Transform a threat into an opportunity
Natural Product Non-polluting, unlike oil-derived and metallic wine closures
Acceptance Every single high-quality wine is sealed with a cork stopper
Chemically inert No migration of artificial components
Ecological Truly renewable material
Consumer friendly Easiness of extraction from the bottle
Resistant Remains unaltered through time
Traditional Cork and wine are associated since the Roman Empire
Cork vs. Plastic and Metal substitutes
Cork Stoppers Business Unit
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Cork Stoppers Business Unit
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FLOOR & WALL COVERINGS
& C
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Floor & Wall Coverings Business Unit
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Applications: - Domestic- Commercial
Main Markets: Germany, Benelux,UK, Portugal, Denmark and Switzerland
Market Share:
65% of the global cork flooring market
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Fast and easy installation Namely the corkloc glueless products
Environmentally Friendly Made with natural products
Health Against germs and fungus
Silence Reduction of sound transmission between
and within rooms
Warmth Natural thermal insulation properties
Comfort , Durability and Easy maintenance
Cork Floor Coverings as a real USP(Unique Selling Proposition)
Floor & Wall Coverings Business Unit
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Floor & Wall Coverings Business Unit
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COMPOSITE CORK
Composite Cork Business Unit
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.
Composite Cork Business Unit
Applications:
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Intermediary cork products for other Business Units
Automotive industry: transmissions, gaskets, valves
Aerospace industry: spacecraft thermal protection
Heavy construction: vibrating/ acoustical insulation for railroadsand buildings
Large construction projects: dilatation and compression materialsfor airports, bridges, railroads, buildings and water dams
Anti-damping materials: composite damping materials for humidity control
Shoe industry
Decorative sets and gifts: memo boards, coasters, boxes, souvenirs
Others: sports equipment, footwear, light-weight acoustic panels
Composite Cork Business Unit
pp cat o s
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Main Markets: UK, USA, Portugal, Asia, Germany, Spain, Netherlands
Organisations such as NASA, Rolls-Royce, Boeing, GEC Alstrom, Ford and Chrysler utilise Amorimcork rubber materials
Market Share: 55% of the global composite cork market
95% market share in the cork rubber automotive gaskets and 60% in the globalcork rubber market
Composite Cork Business Unit
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Composite Cork Business Unit
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INSULATION CORK
Insulation Cork Business Unit
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Insulation Cork Business Unit
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Applications:
- High-grade thermal, acoustic and vibrating insulation
- Used in the construction of pipelines, airports, buildings and large refrigeration units
- Recording studios, music and dance halls and libraries
Main Markets:Italy, France, Portugal, Spain, Japan88% of sales in Europe
Market Share:
80% of the global cork board insulation market
New International Markets:Japan, Scandinavia, Austria, Middle East
Insulation Cork Business Unit
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Insulation Cork Business Unit
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AMORIM GLOBAL INVESTORS, S.G.P.S., S.A.
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, ,
Amorim Global Investors (AGI)
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AGI is a private equity fund managerthat will seek to explote
investment opportunities in companies with proven track record and
quality management teams that are seen as leaders in their industry
sector and which present a high growth potential
( )
Why AGI
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-AGI is able to build on the expertise, foresight and global network of the Amorim Group, which has aproven ability to identify good investment opportunities in adverse conditions and economic periods
- AGIs differentiation stems from not having a rigid exit strategy, commonly seen in other privateequity funds, whilst aiming to establish real exit options from day one
-AGI possesses the capacity and the resources to invest in various sectors and geographical areaswith a proven high potential
-AGI offers a flexible partnership model to suit partners and may participate in investments either asa majority or a significant minority shareholder
y
OTHER PARTICIPATIONS
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Organization Chart
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Organization Chart
AMORIM INVESTIMENTOS E PARTICIPAES, S.G.P.S., S.A.
Finpro,SGPS
AMORIM DESENVOLVIMENTO, S.G.P.S., S.A.
AmorimInversiones
Financieras, SL
Amorim NegciosInternacionais, S.A.
VelporQuinta Nova
Quinta Nova de Nossa Senhora do Carmo
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Quinta Nova de Nossa Senhora do Carmo
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The WinesThe Quinta Nova range of wines present fruity aromas, high colour intyensity and a notable mounthcomplexity that reflects its terroir character. The prtfolio is composed by three brands as follows:
3 PomaresGrainhaQuinta Nova de Nossa Senhora do Carmo
Natural ProductsQuinta Novas aims to explore the flavours and aromas which exist in the Douro region, offeringgenuine products with high added value: aromatic herbs (teas), traditional jams, rosemary honey and
traditional sweets.
Wine Hotel- Portugals first Wine Hotel, established in 2005
-A 18th century house, now fully renovated: guests and visitorsare immersed in authetnticity in the eleven rooms with perioddecor and panoramic views into the vineyards and the river
Accommodation 2007
Architecture, Parks and Gardens 20
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