Dsm-firmenich Ag · EURONEXT:DSFIR
Dsm-firmenich — Investor Day (June 2024)
21 slides from Dsm-firmenich's investor day presentation, Jun 3, 2024
Slide 1: Capital Markets Day: Taste, Texture & Health
PARIS, JUNE 3 , 2024 RD Capital Markets Day Taste, Texture & Health Patrick Niels President TTH
Slide 2: The Food and Beverage industry is an attractive market with rapidly changing consumer demands
TASTE, TEXTURE & HEALTH The Food and Beverage industry is an attractive market with rapidly changing consumer demands Consumers demand food & beverages that are Healthier More delicious Better for people and planet 1
Slide 3: Our customers increasingly need a solution provider and partner
TASTE, TEXTURE & HEALTH Our customers increasingly need a solution provider and partner Faster changing Increased focus Accelerated Less sugar, local taste on sustainability product salt and fat, preferences and traceability reformulation more nutritional require an needed for product value and heal
Slide 4: Delicious, Nutritious and Sustainable
TASTE, TEXTURE & HEALTH Delicious, Nutritious and Sustainable F&B Solutions Essential Nutritious: Health Desirable Delicious: Taste & Texture TTH Sustainable Better for people & planet 3
Slide 5: We are a category of ONE…
TASTE, TEXTURE & HEALTH We are a category of ONE… Synergistic, Unique Co-creation, Application Understanding on-trend broad and Innovation capabilities how to address portfolio local consumer needs Co-creation and Application capability New Product and Concept development Market and consumer In attr
Slide 6: Synergistic, on-trend broad portfolio in all major markets
TASTE, TEXTURE & HEALTH Synergistic, on-trend broad portfolio in all major markets % of total sales (~€3 bn in 2023) Baked goods & Beverages Dairy confectionary Savory Pet Plant-based ~35% ~20% ~20% ~15% ~5% ~5% • Taste • Taste • Taste • Taste • Taste • Taste • Sugar Reduction • Sugar Reduction • Su
Slide 7: Unique co-creation, application, and innovation capabilities
TASTE, TEXTURE & HEALTH Unique co-creation, Co-creation application, and innovation and application capabilities • Over >500 employees in co-creation and application • Tailored, local solutions with strong regional presence • Synergy in application Science and innovation • World-class biotechnology
Slide 8: Understanding and addressing local consumer needs
TASTE, TEXTURE & HEALTH Understanding and addressing local consumer needs 2,000+ 50,000 Nutritional Proprietary AI Global consumer & consumers & health & data tools competencies sensory studies engaged expertise with local per year each year insights Measuring Via surveys, Performing global Machine
Slide 9: We will capture growth through our two businesses and through synergies
TASTE, TEXTURE & HEALTH We will capture growth through our two businesses and through synergies Growth through Growth through Synergies Taste Ingredients Solutions Regionally-led, • Cross-selling Segment-led, agile and customer-driven • Concept selling global • Capabilities brief machine value propo
Slide 10: Strong synergies momentum, across regions & end-markets
TASTE, TEXTURE & HEALTH Strong synergies momentum, across regions & end-markets Dairy Dairy Baking & Conf. Denmark Denmark Germany Brewing Savory Eastern-Europe Canada Dairy Savory Meat alt. Beverages Dairy UK France France Eastern-Europe Philippines Beverages Savory Beverage Baking & Japan Beverage
Slide 11: Strong revenue synergies pipeline, with confidence to reach targeted synergies
TASTE, TEXTURE & HEALTH Strong revenue synergies pipeline, with confidence to reach targeted synergies Strong pipeline … translates into confidence of revenue synergies… to reach targets according to plan Pipeline of revenue synergies, € mn Revenue synergies, € mn 300 173 200 106 84 100 20 50 Nov’23
Slide 12: We focus on high growth, high margin segments
TASTE, TEXTURE & HEALTH We focus on high growth, high margin segments Accelerate High Bubble size: Indicative sales Invest in long-term growth Accelerate Health Grow Plant Benefits platforms Pased Solutions Improve Bovaer® Sugar Pet & Grow Reduction Food Grow Deprioritize Testing Continue growth in
Slide 13: Summary: Our strategic priorities will drive value creation
TASTE, TEXTURE & HEALTH Summary: ... will drive value creation Our strategic priorities... in line with group’s mid term ambition Accelerate profitable growth in Taste, driven by customer 1 Organic sales growth, % intimacy, enabled by superior local consumer understanding and innovation 1-2% 6-8% 2%
Slide 14: Delicious, Nutritious and Sustainable
TASTE, TEXTURE & HEALTH Delicious, Nutritious and Sustainable F&B Solutions Essential Nutritious: Health Desirable Delicious: Taste & Texture TTH Sustainable Better for people & planet 13
Slide 15: Annex: Fact slides
ANNEX TASTE, TEXTURE & HEALTH Fact slides Delicious, Nutritious and Sustainable F&B Solutions Essential Nutritious: Health Desirable Delicious: Taste & Texture TTH Sustainable Better for people & planet 14
Slide 16: Taste, Texture & health at a glance
TASTE, TEXTURE & HEALTH Taste, Texture & health at a glance 3.0 bn 6-8% 21-23% € Revenues1 Organic Sales Growth 2 Adjusted EBITDA Margin 2 6,500 100 Highly engaged colleagues locations 39 production sites, 53 application & creation labs, 9 R&D centres Creating delicious, nutritious and sustainable f
Slide 17: Global Presence
TASTE, TEXTURE & HEALTH Global Presence Application Production Number labs sites of FTEs TTH €3.0 bn North America China 2023 Sales by destination (%) 7 6 7 7 ~1,100 ~1,300 LATAM EMEA APAC 6 22 12 5 15 5 EMEA China APAC ~500 ~2,600 ~1,000 North America Latin America 65 countries with 53 application
Slide 18: Key products
TASTE, TEXTURE & HEALTH Key products Flavors Enzymes & Cultures Yeast Extracts Flavors coming from a portfolio of Enzymes are proteins that act as Ingredient made from yeast used over 4,000 responsibly sourced natural catalysts to accelerate in food such as soups, sauces, natural or processed ingred
Slide 19: End-Markets
TASTE, TEXTURE & HEALTH End-Markets TTH Sales €3.0 bn Beverages Dairy Baked goods & 2023 Sales by end market (%) confectionary • Flavors • Flavors • Sugar reduction • Sugar reduction • Flavors • Premixes • Enzymes • Sugar reduction • Texturizers • Cultures • Baking enzymes • Coloration • Probiotics
Slide 20: Forward-looking statements
This presentation contains forward-looking statements with respect to dsm-firmenich’s future (financial) performance and position. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions
Slide 21: Delicious, Nutritious and Sustainable
TASTE, TEXTURE & HEALTH Delicious, Nutritious and Sustainable F&B Solutions Essential Nutritious: Health Desirable Delicious: Taste & Texture TTH We bring progress to life Sustainable Better for people & planet