ŞİŞECAM AT A GLANCE
Şişecam, International Scale
It is an Operating Industrial Company.
Şişecam operates with 45 facilities in 14 countries in the fields of flat glass, glass household appliances, glass packaging, chemicals and automotive business lines.
Glass, flat glass, glassware, glass packaging, chemicals and 22 thousand employees in 14 countries in the automotive business with an internationally operating industrial company. Şişecam exports its products to more than 150 countries in the world and makes more than half of its sales globally.
Atatürk's instructions, 1935, the bank established by the founder of Turkey, 86 years with a history of being one of Turkey's oldest industrial companies in addition to expertise, superior competence and competitive activities among the most distinguished manufacturers in the world.
|ŞİŞECAM CREDIT RATING|
|ŞIŞECAM CORPORATE GOVERNANCE RATING|
|16 December 2021||9,551|
*The ranking is as of December 21, 2021 after the US financial fixed asset acquisitions.
** The ranking for other fields of activity is determined according to production capacity, and the ranking for Automotive Windows is determined according to turnover amounts.
Profit for the Period
ŞİŞECAM HAS RECORDED A SIGNIFICANT SUCCESS, INCREASING ITS PROFIT FOR THE PERIOD BY 226% COMPARED TO THE PREVIOUS YEAR.
Creating positive impact and value on a global scale with applications and solutions that Protect the Planet, Empower Society and Transform Life
PROTECT the Planet
Equality, Diversity and Inclusion
Talent Acquisition, Management and Development
Occupational Health and Safety
Digitalized Value Chain
Sustainability across the Value Chain
SHAREHOLDER AND INVESTOR RELATIONS
ŞİŞECAM CONDUCTS ITS INVESTOR
RELATIONS ACTIVITIES IN
A TRANSPARENT AND
ABOUT 450 INVESTOR MEETINGS WERE CARRIED OUT VIA TELEPHONE, ONEON-ONE ONLINE PLATFORMS, ROADSHOWS AND CONFERENCES IN 2021.
Embracing its vision of being a global company, Şişecam is committed to implementing world class investor relations and corporate governance practices with the primary objective of constantly increasing its shareholder value.
Şişecam Investor Relations’ main responsibilities include increasing the shareholder value of Şişecam and taking necessary steps to ensure that capital market instruments issued by Şişecam trade at their fair value. In order to provide complete and accurate information on Şişecam’s financial performance and results to all relevant parties, Investor Relations uses many communications tools and platforms – such as websites, investor relations presentations, earnings reviews, webcast teleconferences, participation roadshows and conferences.
Şişecam conducts its investor relations activities in a transparent, proactive and expeditious way based on fair disclosure to all investors. In 2021, capacity constraints, logistics bottlenecks, supply chain disruptions and inflationary environment brought about by the Covid-19 pandemic on a global scale topped the world agenda. At Şişecam, the focus was on new investment decisions, organizational transformation of the company’s unified structure, and its digitalization journey.
About 450 investor meetings were carried out via telephone, one-onone online platforms, roadshows and conferences in 2021. Two webcasts were also streamed to announce the 2020 yearend and 2021 first-half financial results. These broadcasts reached an audience of more than 200 investors. Şişecam is committed to conduct webcasts regularly, at least twice a year.
Following the year 2020 when the “One Şişecam” structure was implemented, Şişecam took many important decisions in 2021. Şişecam increased its share in the USA Natural Soda Production project, the foundations for which were laid in 2019. With the acquisition completed in the last days of the year, Şişecam added a second natural soda mine development project in the USA to its operational portfolio. In addition, Şişecam became the controlling shareholder of Ciner Resources LP, a natural soda mineral producer traded on the New York Stock Exchange. As a result of its expanding production portfolio, Şişecam became one of the largest soda ash producers in the world. After the decision related to the USA Natural Soda Investment, Şişecam met more than 150 investors via two webcasts. These webcasts were held to convey the rationale for the transaction and the expected contribution of the investment to Şişecam’s operations portfolio.
In 2021, the number of sell-side analysts publishing research reports on publicly traded companies continued to decline. Many analysts continued to join portfolio management firms due to the effect of the Markets in Financial Instruments Directive (MIFID). Nevertheless, a total of 5 new institutions, 2 of which were foreign, were added to the list of brokerage firms covering Şişecam. More than 100 research reports on Şişecam were published throughout the year. Şişecam’s higher free float rate, which resulted from the merger completed in 2020, its inclusion to MSCI Global Standard index and the rise in its trading volume as well as the company’s balanced portfolio of operations and its strong financial performance associated with growth-oriented strategies and agile management policies and last but not least, its organizational and digital transformation were the main reasons for the increased number of research coverage
In the Institutional Investor “Emerging EMEA Management Team” survey, in which 351 publicly traded companies from 30 countries and 11 sectors were evaluated by close to 450 investors and analysts, Şişecam was ranked as the first in the category of “Best CEO” by the Buy-side and Sell-side. In addition, Şişecam was ranked as the second among industrial enterprises in the category of “Best Investor Relations Officer” by the Sell-side and the third in the “Best Investor Relations Officer” by the Buy-side and Sell-side.
Türkiye Şişe ve Cam Fabrikaları A.Ş. creates significant value added in all geographies and industries where it operates while also creating value for its investors.
As of end-2021, the BIST-100, BIST-30, BIST Holding and BIST Industrials Indices increased by 26%, 24%, 23% and 45%, respectively year-on-year. In the same period, Şişecam shares outperformed these indices with an 87% rise in value year-on-year.
In collaboration with the Financial Control and Reporting Directorate, Investor Relations ensures that Şişecam fully meets all applicable capital market regulatory requirements. Investor Relations is also responsible for ensuring coordination and communication with all related parties within and outside Şişecam about the company’s corporate governance rating and credit rating assessment processes.
A Corporate Governance Rating Periodic Revision Report dated December 16, 2020 was issued by SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş., a rating agency licensed to carry out rating assessments in accordance with the Capital Markets Board (CMB) Corporate Governance Principles. In the report, Şişecam’s Corporate Governance Rating was raised from 9.54 (9.538/10) in 2020 to 9.55 (9.551/10) in 2021. In particular, an improvement was recorded in the rating of the Public Disclosures and Transparency section. Şişecam achieved this exceptional score thanks to the importance it places on corporate governance principles, the company’s willingness to implement these principles as part of an ongoing dynamic process, and its improvement efforts since the previous rating. This rating is highly significant in terms of reaffirming Şişecam’s superior corporate governance standards.
AS OF END-2021, THE BIST-100, BIST-30, BIST HOLDING AND BIST INDUSTRY INDICES INCREASED BY 26%, 24%, 23% AND 45%, RESPECTIVELY YEAR-ON-YEAR. IN THE SAME PERIOD, ŞİŞECAM STOCK WELL OUTPERFORMED THESE INDICES WITH AN 87% GAIN YEAR-ON-YEAR.
Performance of Şişecam Shares Relative to BIST-100 Index (2021)
The breakdown of the Corporate Governance Rating based on main sections is as follows:
|Public Disclosures and Transparency||0,25||97,48|
|Board of Directors||0,35||92,42|
ŞİŞECAM’S CORPORATE GOVERNANCE RATING ROSE TO 9.55.
Investor Relations contact information:
Tel: +90 850 206 3374
Fax: +90 850 206 4262
ŞİŞECAM’S PRODUCTION CAPACITY
ŞİŞECAM TOUCHES EVERY ASPECT OF LIFE IN THE BUSINESS LINES OF FLAT GLASS, GLASSWARE, GLASS PACKAGING, CHEMICALS AND AUTOMOTIVE IN MORE THAN 150 COUNTRIES.