Cashmanagement mit innovativer

Cashmanagement mit innovativer
Finanzierungsstruktur
Otto W. Paßberger
Treasurer und Riskmanager, Mauser-Werke GmbH
Sascha Reuscher
Head of Global Cash Management Sales Germany, Fortis Bank
Hélène Hollemaert
Specialist Credit Facilities, Fortis Bank
Company Overview
Based in Brühl, Germany
Provider of packaging solutions for the chemical, petrochemical, pharmaceutical and
food & beverage industries
Plastic
Producer of plastic
drums, jerricans,
bottles and waste
containers
IBC
Producer of IBCs
on metal, plastic
and wood pallets
Steel
Producer of all
sizes of steel drums
Reconditioning
Largest, and the
only nationwide,
plastic industrial
container
reconditioner in
the US
Machinery
Supplier of blow
moulding
machinery,
know-how and
consultancy to
licensees
Blow moulding
consultancy
services
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The MAUSER-Group
Plastic Packaging 0,05 to 1,000 Litres
Plastic Packaging
Cans & Bottles
Jerricans & Fassetts®
Pails & Hobbocks
0,05 - 10 Litres
10 - 60 Litres
5 - 30 Litres
VAT4
Hospital Waste Bins
30, 50, 60 Litres
Small Volume
Returnables
30, 50, 60 Litres
L-Ring Drums
120 - 220 Litres
Square Drums
240, 260 Litres
Standard Open Top
Drums
30 - 220 Litres
Vanguard Drums
Composite IBC
114 - 217 Litres
1,000 Litres
High Purity Products
Technical Parts & Accessories
2
The MAUSER-Group
Metal Packaging 20 to 3,500 Litres
Metal Packaging
One Trip Drums
Tight Head Drums
Locking-Ring Drums
Open Top Drums
52 - 65 Litres
20 - 216.5 Litres
70 - 200 Litres
20 - 216.5 Litres
Conical Drums
20 - 218 Litres
Imprinted Drums
25 - 235 Litres
Salvage Drums
300, 330 Litres
Steel IBCs
500 - 3,500 Litres
IBC Equipment & Services
3
The MAUSER-Group
Fiber Packaging 20 to 220 Litres
Fiber Packaging
Open Top Drums
20 - 220 Litres
Open Top Drums
PE coated
20 - 200 Litres
4
The MAUSER-Group
Blow Molding Machines & Equipment
Machinery
High-Performance Extrusion
Blow Molding Machines
and Auxiliary Equipment
Licenses and Know-how for
the production of large-size
plastics packagings, Turnkey
projects
Licenses and Know-How for
the production of steel drums
and fibre drums
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Plastic division–manufacturing
Manufacturing network
Canada
United Kingdom
Bramalea¹
Manchester²
Comments
The Netherlands
Network of 24 own
manufacturing sites in 8
countries4
Oosterhout
Germany
Bammental
Erkelenz
Additional coverage through
MIPI network
Hamburg
USA
Addison, IL
Woodlands, TX
Italy
Thailand
Grezzago
Bangkok
Fonzaso
East Brunswick, NJ
Castenedolo
Charlotte, NC
Reserve, LA
Romeoville, IL
France
Rancho Cucamonga, CA
Mt. Vernon (to be opened Q1-07)
Esches
St. Mihiel
Coursan
Brazil
Doullens (to be closed)
Barra do Piraí
Belford Roxo³
Santana de Parnaiba³
Suzano
¹ To be closed during Q1 2007
² Currently in start-up phase
³ Santana de Parnaiba will be closed during 2007; Belford Roxo plant open in H2 2007
4 Excluding Bramalea and Santana de Parnaiba
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Metal division–manufacturing
Manufacturing network
Comments
Canada
Burlington
Network of 12 own
manufacturing sites in 7
countries
Germany
Brühl
Additional coverage
through DRUMNET
network
Turkey
USA
Gebze (Istanbul)
Homestead, TX
Woodbridge, NJ
France
St. Priest
Creil
Vitrolles
Brazil
Barra do Piraí
Matão
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St. Armand
Singapore¹
Partnerships with
regional players for
global bids in
geographies Mauser
does not cover directly
(esp. US blank-spots)
Only refinement
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IBC division–manufacturing
Manufacturing network
Comments
United Kingdom
Manchester³
Germany
Brühl
Erkelenz
China
India²
Shanghai¹
Network of 14 own
manufacturing sites in 8
countries
Danam
Additional coverage
through MIPI network
USA
Italy
Homestead, TX
Grezzago
Mt. Vernon, OH
Fonzaso
Anniston, AL
Hebron, KY
France
St. Mihiel
Coursan
Brazil
Barra do Piraí
Mauser holds a minority stake of 33%
² JV with Mauser holding a majority stake
³ Currently in start-up phase
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Reco division–overview
Commentary
US Service network
NCG offers reconditioning services for
IBCs and plastic drums, regardless of
original manufacturer
Missisauga, OT (JV)
No hazardous materials
Cleveland, OH
Willowbrook, IL
Chicago, IL
NCG operates 7 sites and one
corporate service center throughout the
US and one JV in Canada
Quakertown, PA
Charlotte, NC
Simpsonville, SC
Adelanto, CA
Houston, TX
An IBC can be reconditioned 1-5 times
Reconditioning site
Mauser/NCG collected over 500k used
IBCs from customers in the US during
2006
Current presence
Potential presence
“NCG Europe” currently in start-up
phase
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Domestic Zero Balancing
Domestic Zero Balancing
Deutsche Bank /// Commerzbank /// Fortis
LEVEL A
MAUSER-WERKE
MAUSER-WERKE
GMBH
GMBH&&Co.KG
Co.KG
Overdraft facilities
only on level A
LEVEL B
MAUSER
MAUSER
KUNSTSTOFFVERPAKUNGEN METALLVERPACKUNGEN
GMBH
GMBH
MAUSER
MASCHINENTECHNIK
GMBH
MAUSER
INTERNATIONAL
GMBH
MAUSER
CONTAINER SYSTEME
GMBH
MAMOR DEUTSCHLAND
KUNSTSTOFFHERSTELLUNG
GMBH
Sweeping Transfers.
End of day balancing on level B
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Fortis solutions that meet Mauser`s needs
Current local accounts for their subs in Europe
Germany
The Netherlands (DE, BE, UK, FR)
United Kingdom
Italy
France
Daily monitoring via Multibank Reporting and Remote
Payment Initiation
Cross border payments at favourable flat rates & value dating
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“Notional Pooling” & “Umbrella Credit Facility”
MAUSER-WERKE
MAUSER-WERKE
GMBH
GMBH&&Co.
Co.KG
KG
GERMANY
GERMANY
MAUSER ITALY Spa.
ITALY
MAUSER BENELUX BV
DE/NL/BE/FR/GB
TECHMOULD HOLLAND BV
NETHERLANDS
MAPI SARL
FRANCE
SOCIETE MAMOR SUD
FRANCE
MAUSER FRANCE SAS
FRANCE
SOCIETE MAMOR SAINT MIHIEL
FRANCE
MAUSER HOLDING NETHERLAND BV
NETHERLANDS
CROSS BORDER NOTIONAL POOLING
PARTICIPANTS UMBRELLA CREDIT FACILITY
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Notional Pooling
•
bonus repartition per
participant
•
legal & tax secured
system
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Notional Pooling
improvement of interest
results per participant,
taking local conditions
into consideration.
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Umbrella Credit Facility
Situation since the take-over by One Equity Partners LLC, USA:
- Global financing through a syndicated loan arranged by Bank of Scotland
Only financing lines without focus on the daily banking business of the Mauser
Group in Europe
Request of Mauser:
Flexibility as regards a part of the revolving facility within the syndicated loan
Use of an interest compensation throughout Europe
Solution given by Fortis
Umbrella facility for Germany, France, Italy and The Netherlands as a carve
out of the revolving facility by means of an ancillary facility
Use of this cross border facility for the issuing of usual business guarantees,
the opening of letters of credit and overdrafts
Perfect combination with the notional pooling structure
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Questions?
Thanks a lot for your attention!
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