Slide 1: Novozymes Conference Call 9M 2017
Novozymes Conference Call 9M 2017 October 25, 2017
Slide 2: Continued good momentum
9M 2017 Continued good momentum 9M y/y organic sales growth per segment Highlights • Organic sales growth +4% (Q3: +8%) • Large segments growing organically: 9% 10% ‒ Household Care +2% (Q3: +4%) ‒ Food & Beverages +9% (Q3: +11%) ‒ Bioenergy +10% (Q3: +16%) 2% • Improving relative to after first-hal
Slide 3: Organic sales growth by geography
Organic sales growth by geography +5% +4% Q3 y/y 9M y/y +6% +4% +12% Q3 y/y 37% +6% Q3 y/y 9M y/y of sales 9M y/y 33% 20% of sales of sales +10% +3% Q3 y/y 9M y/y 10% of sales 9M y/y organic sales growth Emerging markets: +4% (Q3 y/y +9%) Developed markets:+4% (Q3 y/y +8%) 3
Slide 4: Household Care
Household Care First nine months in line with expectations 9M y/y organic sales growth • Organic growth y/y: 9M +2%. Q3 +4% • Growth in both developed and emerging markets 33% of sales • Enzyme technology for liquid formulations supporting growth in Asia Pacific, in particular China 8% • Top-20 cust
Slide 5: Food & Beverages
Food & Beverages Solid performance also nine months into the year 9M y/y organic sales growth • Organic growth y/y: 9M +9%. Q3 +11% • Nutrition continues good momentum, driven by both lactose 28% reduction in dairy and infant nutrition 9% of sales • Starch continues strong performance, driven mainly
Slide 6: Bioenergy
Bioenergy Solid growth in enzymes for conventional biofuels 9M y/y organic sales growth • Organic growth y/y: 9M +10%. Q3 +16% 18% • US ethanol production estimated to be up ~2% in first 9M y/y 23% of sales (Q3 y/y estimated flat). US ethanol inventories remain elevated • Growth in conventional biof
Slide 7: Agriculture & Feed
Agriculture & Feed Growth picking up after -6% in 1H y/y 9M y/y organic sales growth • Organic growth y/y: 9M -2%. Q3 +8% 14% • Sales increased due to expected sales cycle change in Agriculture of sales from first to second half of the year 19% • Feed enzymes sales lower in Q3 due to volatile invent
Slide 8: Innovation and science-based culture
Innovation and science-based culture Hello Acceleron® Progress® Science Freshness and Medley® B-200 SAT Excel Hygiene (Q4e) 2017 Q1 Q2 Q3 Q4 ”World’s 2nd best science employer” Spirizyme® T Palmora® Frontia® Progress® In according to Science Magazine 8
Slide 9: 9M performance and 2017 outlook
9M performance and 2017 outlook 9M 2017: Continued good momentum, better than expected Key financials Realized 2017 outlook • Continued growth in the large segments: Household Care, (DKKm) 9M 2017 October 25 Food & Beverages, Bioenergy Organic sales growth +4% 3-5% • Agriculture & Feed improving • E
Slide 10: Forward-looking statements
Forward-looking statements This presentation and its related comments contain forward-looking statements, including statements about future events, future financial performance, plans, strategies and expectations. Forward-looking statements are associated with words such as, but not limited to, "bel
Slide 11: Q&A
Q&A • Continued good momentum, better than expected • Full-year outlook adjusted after better-than-expected 9M performance • Stronger connection between application R&D and commercial organization enables more impactful innovation • Our business is about turning amazing science into sustainable biol