Clariant Ag · SIX:CLN
Clariant — Q1 2023 Earnings Presentation
30 slides from Clariant's earnings presentation, May 5, 2023
Slide 1: First Quarter Figures 2023 Analyst presentation
First Quarter Figures 2023 Analyst presentation 05.05.2023
Slide 2: Disclaimer
2 First Quarter Figures 2023 05.05.2023 Disclaimer This presentation contains certain statements that are the Company’s ability to continue to receive adequate neither reported financial results nor other historical products from its vendors on acceptable terms, or at all, and information. to contin
Slide 3: Q1 2023 reporting in the new operating structure
3 First Quarter Figures 2023 05.05.2023 Q1 2023 reporting in the new operating structure Key financial figures 2022 Business Unit Care Chemicals (CC) Sales CHF 2 937 m 19.5 % EBITDA margin Segments include Personal & Home Care, Crop Solutions, Industrial Applications, Base Chemicals, Oil Services, a
Slide 4: Group performance
Greater chemistry CLARIANT
Slide 5: Resilient top line in challenging environment vs. high comparison base
5 First Quarter Figures 2023 05.05.2023 Resilient top line in challenging environment vs. high comparison base +1% -5% 1 262 1 269 8 1 200 - 90 89 69 -7% +7% +1% -6% Catalysts (+ 13 %) Positive contributions Contribution from US Main movers were the from all Business Units: Attapulgite business EUR,
Slide 6: Growth in the Americas – Asia softer
6 First Quarter Figures 2023 05.05.2023 Geographic split Growth in the Americas – Asia softer Q1 sales CHF 1 200 m – Strong growth in Americas due to positive pricing, growth in CHF m, % in local currency in Brazil (all BUs), and notable improvement in Adsorbents & Additives in the US (Attapulgite i
Slide 7: Profitability impacted by lower volumes, sunliquid, and fair value adjustment
7 First Quarter Figures 2023 05.05.2023 Profitability impacted by lower volumes, sunliquid®, and fair value adjustment - 24 % - 13 % 220 - 21 9 - 10 191 17.4 % - 29 178 - 9 % volume + 13 % volume with 167 -2 15.9 % unfavorable mix Mix effect due to 14.8 % strong Oil and Mining CHF - 13 m related to
Slide 8: First Quarter 2023 Strategic Priorities
8 First Quarter Figures 2023 05.05.2023 First Quarter 2023 Strategic Priorities – Performance programs – On track to meet upgraded 2025 cost savings target of CHF 160 m by achieving CHF 93 m savings as of Q1 2023 – CHF 8 m additional savings delivered in Q1 2023 across the performance programs in th
Slide 9: Business performance
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Slide 10: Care Chemicals Q1 2023 highlights
10 First Quarter Figures 2023 05.05.2023 First Quarter 2023 Q1 2023 highlights Care Chemicals in CHF m Q1 2023 Q1 2022 % CHF % LC1 – Volume declined versus very strong comparison base Sales 703 758 -7 -2 due to customer destocking, weaker demand, and EBITDA 128 149 - 14 supplier force majeure events
Slide 11: Catalysts Q1 2023 highlights
11 First Quarter Figures 2023 05.05.2023 First Quarter 2023 Q1 2023 highlights Catalysts in CHF m Q1 2023 Q1 2022 % CHF % LC1 – Volume growth in almost all segments, same for pricing Sales 205 185 + 11 + 18 EBITDA 13 14 -7 – Segments: Strongest growth in Syngas & Fuels, followed EBITDA margin 6.3 %
Slide 12: Adsorbents & Additives Q1 2023 highlights
12 First Quarter Figures 2023 05.05.2023 First Quarter 2023 Q1 2023 highlights Adsorbents & Additives in CHF m Q1 2023 Q1 2022 % CHF % LC1 – Volume decline, partially compensated by positive pricing Sales 292 319 -8 -5 EBITDA 54 83 - 35 – Segments: EBITDA margin 18.5 % 26.0 % – Double-digit growth i
Slide 13: Extraordinary Factors – Details
13 First Quarter Figures 2023 05.05.2023 Extraordinary Factors – Details Podari update – Negative EBITDA impact of CHF 13 m in Q1 2023 – Notable sequential improvement due to efforts to address ramp-up challenges of this first-of-a-kind technology toward achieving commercial viability – Anticipate s
Slide 14: On track to achieve total cost savings of CHF 160 m by 2025
14 First Quarter Figures 2023 05.05.2023 On track to achieve total cost savings of CHF 160 m by 2025 – Q1 2023 delivered additional CHF 8 m savings 20 50 41 Additional savings of 30 CHF 50 m expected by 2025 from implementation of new 24 operating model 160 8 Continued execution of all programs in B
Slide 15: Outlook 2023
Outlook 2023
Slide 16: Outlook 2023 unchanged – macroeconomic environment challenging
16 First Quarter Figures 2023 05.05.2023 Outlook 2023 unchanged – macroeconomic environment challenging 2023 Internal Factors Sales (CHF) EBITDA margin – Maintain pricing in softer economic environment – Execute new operating model – Complete Quats disposal and integrate US Attapulgite bolt-on Sligh
Slide 17: Appendix
Appendix
Slide 18: First Quarter 2023 – Overview
18 First Quarter Figures 2023 05.05.2023 First Quarter 2023 – Overview Group Care Chemicals in CHF m Q1 2023 Q1 2022 % CHF % LC1 in CHF m Q1 2023 Q1 2022 % CHF % LC1 Sales 1 200 1 262 -5 +1 Sales 703 758 -7 -2 EBITDA 167 220 - 24 EBITDA 128 149 - 14 EBITDA margin 13.9 % 17.4 % EBITDA margin 18.2 % 1
Slide 19: Cost dynamics and pricing – volumes
19 First Quarter Figures 2023 05.05.2023 Cost dynamics – up year-on-year Positive Pricing – Volumes but mostly lower sequentially impacted by macro environment − Raw materials increased year-on-year − Soft recessionary economic environment in Q1 − Energy up year-on-year − Increased pricing in all Bu
Slide 20: 2022 – Reflecting Business Unit Structure as of 1 Jan 2023
20 First Quarter Figures 2023 05.05.2023 2022 – Reflecting Business Unit Structure as of 1 Jan 2023 SALES and EBITDA reported & before exceptional items (b.e.i.) in CHF m Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA Sales Sales Sales S
Slide 21: Exposure to Attractive Consumer Markets with Accelerating Demand for Sustainable Products
21 First Quarter Figures 2023 05.05.2023 Exposure to Attractive Consumer Markets of around 50 %... …with Accelerating Demand for Sustainable Products Sales by End Market (Q1 2023 LTM1) Catalysts 19 % 20 % Chemical Other Industrial < 5 % Process 49 % Home & Personal Care ~ 25 % Mining < 5 % Consumer
Slide 22: ESG – Clariant's Sustainability Transformation Commitment
22 First Quarter Figures 2023 05.05.2023 ESG – Clariant’s Sustainability Transformation Commitment Sustainability priorities Investment in operations & portfolio Fighting Climate Change Increasing Circularity Sustainable operations Reducing our own carbon Products and solutions that enable Future-pr
Slide 23: ESG update – Q1 milestones
23 First Quarter Figures 2023 05.05.2023 ESG update – Q1 milestones: Executing the strategy to lead through sustainability and innovation across the portfolio Fighting climate change Increasing circularity Clariant’s catalysts helped customers cut over 35 million tons of CO2e in 2022 across a range
Slide 24: Continued advance on climate roadmap, reducing GHG emissions
24 First Quarter Figures 2023 05.05.2023 Fighting Climate Change Continued advance on climate roadmap, further reducing greenhouse gas (GHG) emissions in Q1 2023 (LTM1) on the path to 2030 target Reducing our carbon footprint… …and the carbon footprint of our raw materials 40 % reduction in Scope 1
Slide 25: Clariant is well recognized as an industry leader by ESG ratings and rankings
25 First Quarter Figures 2023 05.05.2023 Clariant is well recognized as an industry leader by important ESG ratings and rankings Status as of December 2022 Index / Ranking Clariant score Status First year / Rating / Percentile rank or range of inclusion 72 / 96th percentile DJSI Europe Member, Susta
Slide 26: Debt Maturity Profile as of 31 December 2022
26 First Quarter Figures 2023 05.05.2023 Debt Maturity Profile as of 31 December 2022 Liquidity Financial debt maturities in CHF m in CHF m Cash and short-term deposits CHF bond 720 Certificate of indebtedness Short-term loans, lease and other liabilities Derivatives 401 718 306 259 242 160 214 191
Slide 27: Calendar of Upcoming Corporate Events
27 First Quarter Figures 2023 05.05.2023 Calendar of Upcoming Corporate Events 2023 2024 30 October 2023 9 April 2024 Third Quarter / Nine Month 2023 AGM 2024 Reporting 28 July 2023 29 February 2024 Second Quarter / Fourth Quarter / First Half Year 2023 Full Year 2023 Reporting Reporting
Slide 28: The Executive Leadership Team
28 First Quarter Figures 2023 05.05.2023 The Executive Leadership Team Conrad Keijzer Chief Executive Officer Executive Leadership Team Executive Steering Committee Christian Vang Jens Cuntze Angela Cackovich Bill Collins Tatiana Berardinelli Judith Bischof Richard Haldimann Chris Hansen Business Pr
Slide 29: IR Contacts
29 First Quarter Figures 2023 05.05.2023 IR Contacts ANDREAS SCHWARZWÄLDER Head of Investor Relations Phone: +41 61 469 63 73 Email: investor-relations@clariant.com MARIA IVEK Senior Investor Relations Officer Phone: +41 61 469 63 73 Email: investor-relations@clariant.com THIJS BOUWENS Investor Rela
Slide 30: Thank you
Thank you