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Group Presentation
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Key figures 2015
€4.1BnRevenue
16,130 Employees
8R&D centers
€538MCurrent operating income
250Operating sites
#1 or #2On most of our markets
13.2%Operating margin
50Countries
€5.1BnMarket capitalization
54% of capital held by GBL
May 2016 | Group presentation
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Imerys offers high value-added functional solutions…
� Imerys draws on its know-how
� Portfolio of high-quality mineral resources
� Knowledge of its customers’ applications
� Wide range of exclusive technologies and processes
� Materials science expertise
� … to develop an offering based on:
� Beneficiating mineral resources (clay, bentonite, diatomite,
feldspar, kaolin, mica, wollastonite etc.)
� Developing formulations (ceramic bodies, continuous casting
fluxes for steel, monolithic refractories, etc.)
� Producing synthetic minerals (synthetic graphite, zirconia, etc.)
May 2016 | General Presentation
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…that contribute essential properties and performance to its industrial customers’ products
Filtration of edible liquids Lifespan of lithium-ion batteries to improve electric vehicle autonomy
Gloss and opacityfor paint
Conductivity of ceramic hobs
Strengthand lightness of vehicle bumpers
Watertightness and insulation of roofs
Protectionof crops
Whiteness and toughness of sanitaryware
May 2016 | General Presentation
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13%
13%
12%
10%7%
6%
6%
5%
5%
4%
4%2%
2%
Imerys presence is diversified in many markets and regions
Revenue by geographic destination in 2015
Revenue by market in 2015
New construction
Renovation
Steel
AutomotiveEnergy
Publishing
Food
Office paper
Markets < 2%Western Europe
Emerging countries
North America
Japan / Australia
44% rev. 24% rev.
27% rev. 5% rev.
The world leader in mineral-based specialties for consumer goods, industrial
equipment and construction, with presence in 50 countries
Magazines
Consumer goods
Packaging
Industrial equipment
Infrastructure
May 2016 | General Presentation
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Imerys businesses are leaders in most of their markets
Energy Solutions & Specialties
High Resistance Minerals
Filtration & Performance Additives
Ceramic Materials
� Carbonates
� Monolithic Refractories
� Graphite & Carbon
� Oilfield Solutions
� Fused Minerals
� Refractory Minerals
� Performance Minerals
� Minerals for Filtration
� Performance Additives
for Metallurgy
� Kaolin
� Ceramics
� Roofing
Revenue
1,253 M€
Revenue
630 M€
Revenue
1,082 M€
Revenue
1,172 M€
May 2016 | General Presentation
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A global presence
May 2016 | General Presentation
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Energy Solutions & Specialties
The Energy Solutions & Specialties business group manufactures and sells high-performance mineral solutions for
various demanding industries: the consumer goods and paper sectors with Carbonates, high-temperature industries
served by Monolithic Refractories, Graphite & Carbon applications linked to mobile energy, and oil and gas exploration
served by the Oilfield Solutions division.
� Carbonates � Natural (GCC) and Precipitated (PCC) Calcium Carbonates used as filling or coating pigment for paper production and
functional additives for paints, rubber, plastics.
� Monolithic Refractories (Calderys)� Unshaped refractory materials used to protect industrial equipment from high temperatures in heavy industries (steel,
cement, power generation, petro-chemicals).
� Protection for furnaces, kilns, crucibles and incinerators.
� Graphite & Carbon� High performance graphite powder for mobile energy, electronics and engineering, refractories for the transport and
automotive markets.
� Oilfield Solutions� Production of proppants and mineral solutions for non-conventional oil and gas exploration.
May 2016 | General Presentation
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Filtration & Performance Additives
The Filtration & Performance Additives business group enjoys many high quality minerals and products (bentonite,
diatomite, perlite, vermiculite, talc, wollastonite and steel casting fluxes) supplied to many industries including agriculture,
food, beverages, steel, construction, horticulture, plastics, paints, rubber, catalysts, paper, pharmaceuticals, beauty and
personal care.
� Performance Additives� The division addresses fast growing markets in which additional performance is key. The solutions offered consist
of functional additives derived mostly from mica, talc, wollastonite, diatomite, perlite or vermiculite used for paints,
plastics, polymers, rubbers, adhesives, sealants, pharma & personal care.
� Minerals for Filtration� Mainly diatomite and perlite used as filter aid for edible liquids (beer, wine, oil, fruit juice). The division is the world’s leading
supplier of diatomite and expanded perlite-based products for filtration.
� Performance Additives for Metallurgy� Serves the metallurgy market along the whole metal production chain, from raw materials through to the casting of the final
products.
� Includes Steel Casting Fluxes, Bentonite & Perlite Intermediates, and Metalcasting Performance Additives.
May 2016 | General Presentation
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Ceramic Materials
The Ceramic Materials business group is organized around the three following divisions:
� Kaolin � The broadest product range covering a large spectrum of applications: from the paper industry to ceramics, including
paints, refractories or fiberglass markets.
� Roofing� With high-quality deposits and an efficient production process, the Roofing division is France’s largest producer of clay roof
tiles. The division also offers solar roof tiles, metallic profiles and roof accessories.
� Ceramics
� The division is a global supplier of mineral and prepared bodies for the sanitary, tableware and tile making industries. The
division also provides a wide range of solutions for technical ceramics, the glass industry, mainly fiberglass, but also for
electrometallurgy, energy and some construction-related applications, as well as kiln furniture for the ceramics markets.
May 2016 | General Presentation
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High Resistance Minerals
The High Resistance Minerals business group is a global business that leverages on high quality mineral reserves
and on sophisticated manufacturing processes for high-temperature operations, to offer mineral based specialties with
key functionalities: refractoriness, abrasiveness, mechanical resistance, purity and conductivity.
� Refractory Minerals� Production of acidic refractory minerals including andalusite and chamottes.
The products made by the Refractory Minerals division are used for their mechanical, chemical, distortion and corrosion
resistance, as well as for their thermal properties in various industries in high-temperature applications and processes.
� Fused Minerals � Production of fused alumina and fused zirconia.
The division is the worldwide leader in specialty applications such as abrasives, refractories, technical ceramics, heating
elements for the iron & steel, automotive, industrial equipment and construction markets.
May 2016 | General Presentation
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Imerys grows while creating value
Imerys has the necessarystrengths...
� Sound business model
� Leadership positions in most markets
� Unique range of minerals
and solutions
� Portfolio of technologies
and processes
� Market proximity and results driven
… to growwhile creating value
� By internal growth
� By acquisitions
May 2016 | General Presentation
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Imerys internal growth is fueled by R&D and innovation efforts…
1. Personnel costs, research, process, industrial trials
Revenue from new products (M€)
Annual R&D spend1 (M€)
200250
333
449490
295361
470
2011 2012 2013 2014 2015
New products (incl. ceramic proppants)
As a% of
revenue
+ 29 %
5 % 6 % 9 % 12 % 12 %
32
55 5663 65
0,9%1,4% 1,5% 1,7% 1,6%
2011 2012 2013 2014 2015
R&D spend as a% of revenue
Examples of new products
New energies � Graphite for Li-ion batteries for electric vehicles� Bulk storage
Polymers recycling� Mineral formulation for plastic waste recycling� Shingles from industrial waste
Mineral specialties for the beauty and pharma � Talc for cosmetic powders � Perlite for exfoliating body scrub
Energy efficiency� New generation abrasives� Refractory paint for industrial furnaces
Sustainable agriculture � Pesticides / mineral-based fertilizers
A new technology: FiberleanTM
� First applications for paper production� Other applications with high potential
Lighter auto parts� Talc solutions for stronger and lighter plastic parts
as a substitute for steel parts� Formulations for investment casting
May 2016 | General Presentation
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… and by production capacity development
€78M Development capital expenditure in 2015
(€82 M in 2014)
Capacity increase in
diatomite production for
plasma fractionation
(Lompoc, USA)
Capacity increase in
diatomite production for
plasma fractionation
(Lompoc, USA)
Talc production capacity
increase for polymers for the
automotive industry
(Timmins, Canada)
Talc production capacity
increase for polymers for the
automotive industry
(Timmins, Canada)
New carbonates unit for
plastic film packaging for
food industry
(Sylacauga, USA)
New carbonates unit for
plastic film packaging for
food industry
(Sylacauga, USA)
Micronized Cellulose
production unit for paper
industry (USA)
Micronized Cellulose
production unit for paper
industry (USA)
New talc refining process
for the automotive industry
(Ludlow, USA)
New talc refining process
for the automotive industry
(Ludlow, USA) First production line for
new generation abrasives
(Villach, Austria)
First production line for
new generation abrasives
(Villach, Austria)
3rd monolithic
refractories
plant
(Gujarat, India)
3rd monolithic
refractories
plant
(Gujarat, India)
Talc production capacity
increase for polymers for
automotive industry
(Luzenac, France)
Talc production capacity
increase for polymers for
automotive industry
(Luzenac, France)
Kaolin capacity
increase for ceramic
industry
(Ranong, Thailand)
Kaolin capacity
increase for ceramic
industry
(Ranong, Thailand)
2nd natural calcium
carbonate processing
unit
(Ipoh, Malaysia)
2nd natural calcium
carbonate processing
unit
(Ipoh, Malaysia)
Micronized Cellulose
production unit for paper
industry (India)
Micronized Cellulose
production unit for paper
industry (India)
May 2016 | General Presentation
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Imerys grows by external growth
S&B: worldwide player in industrial minerals
� Leadership positions in its markets� Bentonite for foundry
� Continuous casting fluxes for steel production
� Strategic operation with value creation� Developing geographic footprint
� Enlarging the Group’s offering
� S&B’s R&D and innovation potential acceleration
� Synergies (costs and development) on track with roadmap� Positive contributions from operating margin and cash
� Accretive on net income from current operations per
share from 2015
� Value-creating from 2018 with annual synergies
estimated at €25M
Other recent acquisitions
� Solvay’s European precipitated calcium carbonates division (PCC)� 4 production sites for thin and ultra-thin solutions for
specialty applications (automotive, construction, etc.)
� 2014 revenue: €59M
� BASF’s US paper hydrous kaolin business � Acquisition of the paper hydrous kaolin business
� Improved service offering for the paper industry through
optimized production
� Annual revenue: $60M (estimates)
� Matisco, in Roofing (France)� Specialized in metal accessories for roofing in
France
� Value-enhancing expansion of Imerys’ roofing
product offering
� 2014 revenue: €23M
May 2016 | General Presentation
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Sustainable Development is part of Imerys growth strategy
Environmental
� Management: 100%Share of operating sites with an environmental management
system
� Carbon productivity: + 1.5%Reduction in emissions by production unit
� Energy efficiency: + 1.3%Reduction in consumption by production unit
� Innovation: 18New products with a proven environmental benefit
in 2015
Social
� Safety: 1.31 (per million hours worked)
lost-time accident frequency rate
� Training: over 261,000employee training hours
� Community: 51projects entered for the Sustainable Development
Challenge
Facilitating access to drinking water in developing countries
With ImerPure™, an innovative filter cartridge, Imerys delivers a viable solution for home
storage and filtration of water for low-income households
Casa Imerys - helping local communities A house dedicated to community relations
Created in 2012 in Barcarena (Brazil) close to the Imerys plant
Literacy and IT classes, cooking workshops, sports activities and support for crafts
More than 5,000 people have benefited from training
May 2016 | General Presentation
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Sponsorship
The Group and its entities are engaged in sponsoring two main areas: education and
photography. Other projects, including sports competition, complement Imerys’ actions.
Mai 2016 | Présentation générale
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www.imerys.com