Schouw & Co A/s · OMXCOP:SCHO

Schouw & Co A/s — H1 2016 Earnings Presentation

15 slides from Schouw & Co A/s's earnings presentation, Aug 11, 2016

  1. Slide 1: Schouw & Co. first half of 2016 Investor presentation

    Schouw & Co. first half of 2016 Investor presentation AUGUST 2016

  2. Slide 2: The best H1 in Schouw & Co.'s history

    Schouw & Co. 2016H1 11.08.2016 2 The best H1 in Schouw & Co.’s history Revenue DKK Return on invested capital NIBD/EBITDA 6.1bn Growth 4.4% // 2015H1: 5.9bn 19.1% ROIC incl. goodwill 15.6% 0.4x Closing of Specma and GPV acquisitions in 2016 Organic decline from lower volume in BioMar Steady increase

  3. Slide 3: Strong H1 report on the P/L side

    Schouw & Co. 2016H1 11.08.2016 3 Strong H1 report on the P/L side Organic growth 2015H1 to 2016H1 Acquisitive growth Revenue (DKKm) EBIT (DKKm) Comments +4.4% +23.0%  Revenue grows 4.4% due to acquired 6,148 372 4 1 businesses Specma and GPV 24 7 620 218 11  Organic revenue declines by 9% 5,888 46

  4. Slide 4: NWC reduced and solid ROIC figures

    Schouw & Co. 2016H1 11.08.2016 4 NWC reduced and solid ROIC figures Net Working Capital (DKKm) ROIC (percentage) Comments ROIC excl. goodwill -1.0% ROIC incl. goodwill  Significant reduction in NWC in 2,013 1,993 26.0 BioMar, partly due to lower volume, 9 partly due to increased use of supply 178 2

  5. Slide 5: Strong cash flow generation

    Schouw & Co. 2016H1 11.08.2016 5 Strong cash flow generation Organic growth 2015H1 to 2016H1 Acquisitive growth Cash Flow from Operations (DKKm) Cash Flow to Investments (DKKm) Comments +115.3% +381.1%  Very strong Cash Flow from 482 Operations 58 1 13 5 17 18  Solid increase in BioMar, mainly due

  6. Slide 6: NIBD remains low despite significant use of cash

    Schouw & Co. 2016H1 11.08.2016 6 NIBD remains low despite significant use of cash Net Interest-Bearing Debt (DKKbn) NIBD/EBITDA 2.8 2.9 Acquisition of Specma1 DKK 640m 3.5 2.7 Acquisition of GPV1 DKK 400m Dividends 2016 DKK 238m 3.0 2.0 Investments 2016H1 DKK 337m 2.5 1.7 1.5 DKK +1.5bn 2.0 1.0 1.5

  7. Slide 7: BioMar: Strong Europe but uncertain Chile

    Schouw & Co. 2016H1 11.08.2016 7 BioMar: Strong Europe but uncertain Chile Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue) 0.0% -5.1  Volume decreases 11% in H1, lower salmon markets 2,230 13.8 13.2 Strong  Chile volume drops +30% in Q2 as consequence of 1,901 1,837 1,900 financial a.o

  8. Slide 8: Fibertex Personal Care: Solid progress in Malaysia

    Schouw & Co. 2016H1 11.08.2016 8 Fibertex Personal Care: Solid progress in Malaysia Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue) +3.4% -1.0  H1 revenue increases by 7% and H1 EBIT by 35% 433 16.8 421 404 15.7 (mainly as 2015Q1 was soft) 392 14.6 Solid 12.7 financial  Volumes in Denm

  9. Slide 9: Fibertex Nonwovens: Significant progress in Q2

    Schouw & Co. 2016H1 11.08.2016 9 Fibertex Nonwovens: Significant progress in Q2 Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue) +13.7% -2.1  Q2 ‘back-on-track’ after a more soft Q1 362 31.9 328 30.5 29.8 28.5 Good  Q2 revenue increases 10% and EBIT up by 17% 267 246 progress  Strong d

  10. Slide 10: Hydra/Specma: A Nordic leader in hydraulics

    Schouw & Co. 2016H1 11.08.2016 10 Hydra/Specma: A Nordic leader in hydraulics Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue) -10.8  High level of activity in the much larger hydraulic 466 38.8 37.1 business following the acquisition of Specma +55.5% 32.2 Specma 28.0 boosts  Increase i

  11. Slide 11: GPV: Good start of the new business in the portfolio

    Schouw & Co. 2016H1 11.08.2016 11 GPV: Good start of the new business in the portfolio Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue)  GPV consolidated from beginning of 2016Q2 Good 219 218 20.8 financials  Revenue at same level as in 2015 in its first  EBIT before effect from PPA of

  12. Slide 12: Kramp: Solid profit despite weak agro sector

    Schouw & Co. 2016H1 11.08.2016 12 Kramp: Solid profit despite weak agro sector Q2 and H1 comments Q2 revenue (DKKm) NWC (% of LTM revenue) +5.4% +0.7  Increase in revenue by 5% despite weak agro sector Financial 1,439 1,528 31.6 30.7 32.3 in most of Europe 1,305 1,360 figures remain  EBIT a bit lo

  13. Slide 13: Guidance upgraded

    Schouw & Co. 2016H1 11.08.2016 13 Guidance upgraded Profit (DKKm) Revenue (DKKm) 2016 2016 2016 2015 2016 2016 2016 2015 after Q2 after Q1 org. actual after Q2 after Q1 org. actual BioMar 420-460 410-450 410-450 447 c. 8,500 c. 8,500 c. 9,200 8,974 Fibertex Personal Care 230-250 210-230 200-220 253

  14. Slide 14: Our Business Model

    Schouw & Co. 2016H1 11.08.2016 14 Our Business Model The Foundation The Schouw Model  5-7 industrial businesses  Through and with mgmt  B2B focus and DIVERSIFIED  Transformation international PORTFOLIO ACTIVE AND  ROIC > 15%  Leading position DEVELOPING  Profitable  Solid growth potential OW

  15. Slide 15: Our modus operandi is active ownership

    Schouw & Co. 2016H1 11.08.2016 15 Our modus operandi is active ownership PROFITABLE GROWTH EFFICIENT USE OF CAPITAL FUTURE- PROOFING

Schouw & — H1 2016 Earnings Presentation on 6ix