Slide 1: AGM Presentation 2020
AGM PRESENTATION 2020 Results 2019 Advance 2025 COVID-19 response & impact OLIVIER RIGAUD 29/6/2020 CEO
Slide 2: Safety first, always: safety culture assessment started
SAFETY FIRST, always: safety culture assessment started Safety performance 2019 and Q1 2020 TRIR (incl. contractors) Target 0.65 1,48 1,10 0,83 0,49 0,59 0,37 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 2 13/5/2019
Slide 3: 2019 in review
2019 in review Ingredient Solutions Ingredient Solutions • Food: Bakery and Meat very good year with strong Q4, 8.0% Guidance: Net Sales 2-4% p.a. (2018-2021). EBITDA margin >19% 24.0% 22.0% other markets (Beverages, Confectionery, Dairy) stable 6.0% 20.0% • Biochemicals: decrease in the year (a.o.
Slide 4: Creating Sustainable Growth – Financial target review (2017–2019)
Creating Sustainable Growth – Financial target review (2017 – 2019) Target Status 2019 Corbion Organic net sales growth 3-6% 3.1%* V Ingredient Solutions Organic net sales growth 2-4% 1.5%* X Food Organic net sales growth 1-3% 2.0%* V Biochemicals Organic net sales growth 3-10% 0.2%* X Ingredient So
Slide 5: Corbion – Preserve what matters
Corbion Preserve what matters @ Corbion
Slide 6: Our purpose
Our purpose We champion preservation in all its forms Preserving food and food production, health, and the planet.
Slide 7: Corbion champions preservation in all its forms
Corbion champions preservation in all its forms Using science to propel nature’s ingenuity Preserving Preserving Preserving food and food health the planet production • Preserving food safety, shelf-life, • Preserving the safety of our people • Preserving natural resources with texture, and nutritio
Slide 8: Corbion journey into strategy process - our strengths
Corbion journey into strategy process - our strengths Deep fermentation knowledge • Rooted in lactic acid, leveraged in algae fermentation and food ferments • Over 90 years of history in producing lactic acid Market leader in food preservation and freshness • Deep understanding of food spoilage • On
Slide 9: Advance 2025: Focus, Align, and Balance
Advance 2025 Focus, Align, and Balance Focus Focus on higher growth core activities Clear portfolio choices based on strategic fit Align 3 business segments • Sustainable Food Solutions – Solution strategy • Lactic Acid & Specialties – Product strategy • Incubator Balance Resource allocation intensi
Slide 10: Aligning the core into 3 segments
Advance 2025 Aligning the core into 3 segments Sustainable Food Solutions • Leadership position in preservation and functional systems • Solution-driven strategy Lactic Acid & Specialties • Leadership position in lactic acid and lactic acid derivatives • Product-driven strategy Incubator • Leverages
Slide 11: Sustainable Food Solutions: 2 key themes
Sustainable Food Solutions: 2 key themes Preservation Functional systems Fermentation-based natural High-value blending solutions preservation products and solutions Sustainable Food Solutions Preservation Natural preservation Growing 2x market rate 2019 Functional Systems Single ingredients 12 © 9/
Slide 12: Lactic Acid & Specialties
Lactic Acid & Specialties Global market leader in lactic acid Lactic acid specialties • >40% global market share Lactic acid • Corbion is leading market growth Lactate • Product strategy 2019 esters Lactates • Target #1 position in PLA through JV with Total • Strengths: global footprint, breadth of
Slide 13: Incubator: 3 major initiatives
Incubator 3 Major initiatives Co-polymer Omega-3 Algae-protein platform Time to commercialization 0 yr 3 yr 0-5 yr Attainable market size >$ 400M >$ 1BN >$ 100M Product type Fatty acid Protein Co-polymer Technology Fermentation Fermentation Fermentation/ Polymerization 14 © 9/3/20
Slide 14: Targets 2025: Measuring our success
Targets 2025: Measuring our success Planet Business Our people Responsible sourced cane Organic net sales growth Safety sugar 4-7% p.a. Top quartile industry 100% verified performance EBITDA margin >17% from 2025 Engagement & Inclusion Deforestation-free key raw Top quartile Gallup™ Global materials
Slide 15: Corbion during COVID-19: resilient and relevant
Corbion during COVID-19 : resilient and relevant • Health first, business continuity second • Corbion ‘essential’ as provider to food, hygiene, health • Proactive planning, global coordination and fantastic local corona teams • All plants kept running, no major raw material nor logistic issues • Fin
Slide 16: COVID-19 response: great display of values
COVID-19 response: great display of values Courage, Care, Commitment Collaboration across the world, keeping spirits up, ensuring business continuity, helping communities
Slide 17: Uniting Business and Governments to Recover Better
'Uniting Business and Governments to Recover Better' statement signed by Corbion and 150+ other companies in the Science Based Targets initiative “ The worldwide response to COVID-19 demonstrates how quickly we can change our behaviors and underlines the need to respect our planet’s natural boundari
Slide 18: Thank you
Corbion Keep creating