Imcd N.v. · EURONEXT:IMCD
Imcd — Shareholder Meeting (May 2018)
40 slides from Imcd's shareholder meeting presentation, May 9, 2018
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING Rotterdam, 9 May 2018
Slide 2: 1. Opening
Annual General Meeting IMCD N.V. Page 2 1. Opening
Slide 3: 1. Opening
Annual General meeting IMCD N.V. Page 3 1. Opening
Slide 4: Strong financial track record
Strong financial track record Page 4 Revenue ( x EUR million) 500 Gross profit ( x EUR million) 2,100 1,907 450 429 1,900 1,715 400 382 1,700 1,530 350 333 1,500 1,358 1,233 288 1,300 300 261 1,117 238 1,100 1,023 250 218 852 182 900 200 687 146 700 150 500 100 2009 2010 2011 2012 2013 2014 2015 201
Slide 5: Highlights 2017
Highlights 2017 Page 5 Highlights 2017 Gross profit growth of 12% to EUR 428.7 million (+13% on a constant Gross profit currency basis) Operating Operating EBITA increase of 9% to EUR 161.7 million (+11% on a constant EBITA currency basis) Net result before amortisation and non-recurring items of EU
Slide 6: Highlights 2017
Highlights 2017 Page 6 Highlights 2017 Acquisition of Neuvendis, completed on 23 June 2017, expanding the Neuvendis Italian operations in the speciality chemicals market Acquisition of the speciality distribution business of Bossco Industries (July Bossco 2017) will further strengthen IMCD US Acquis
Slide 7: 2. Annual report 2017
Annual General Meeting IMCD N.V. Page 7 2. Annual report 2017
Slide 8: 2a. Presentation by the Management Board (discussion)
Annual General Meeting IMCD N.V. Page 8 2 a. Presentation by the Management Board (discussion)
Slide 9: Income statement
Financials 2017 Page 9 Income statement fx adj. EUR million 2017 2016 change change change Revenue and other income 1,907 1,714 193 11% 12% Gross profit 429 382 47 12% 13% Gross profit in % of revenue 22.5% 22.3% 0.2% Operating EBITA¹ 162 148 14 9% 11% Operating EBITA in % of revenue 8.6% 8.6% 0.0%
Slide 10: Revenue growth, Operating EBITA and revenue split 2017
Financials 2017 Page 10 Revenue growth 2017 Operating EBITA 2017 (excl Holdings) 1,950 12 20.1% 1,900 1,850 108 1 1,800 96 1,907 15.9% 1,750 63.9% 1,700 1,650 1,715 1,600 EMEA Asia Pacific Americas Full year EMEA Asia Pacific Americas Currency Full year 2016 2017 Operating EBITA growth 2017 Revenue
Slide 11: Balance Sheet
Financials 2017 Page 11 Balance Sheet EUR million 31 December 2017 31 December 2016 change Property, plant and equipment 19 21 (2) Intangible assets 949 908 41 Other fin. assets/def tax assets 28 30 (2) Working capital 314 248 66 Provisions/employee benefits (21) (11) (10) Deferred tax liabilities (
Slide 12: Free cash flow
Financials 2017 Page 12 Free cash flow EUR million 2017 2016 change Operating EBITA 162 148 14 Depreciation 4 4 0 Operating EBITDA 166 152 14 Share based payments 2 1 1 Capex (3) (5) 2 1 ∆ Working capital (4) (7) 3 Free cash flow 161 140 21 2 Cash conversion ratio 97.2% 92.3% 4.9% ¹ Inventories, Tra
Slide 13: Cash EPS - proposed dividend
Financials 2017 Page 13 Cash EPS - proposed dividend EUR million 2017 2016 change change Result for the year 77 73 4 6% Amortisation of intangible assets 34 38 Tax credits related to amortisation (4) (6) Cash earnings 108 105 3 2% Weighted average number of share (x mln) 52.4 52.5 Cash earnings per
Slide 14: Highlights Q1 2018
Financials Q1 2018 Page 14 Highlights Q1 2018 Gross profit growth of 21% to EUR 128.3 million (+27% on a constant Gross profit currency basis) Operating Operating EBITA increase of 17% to EUR 49.9 million (+23% on a constant EBITA currency basis) Net result before amortisation and non-recurring item
Slide 15: 2b. Corporate governance structure and compliance with the Code (discussion)
Annual General Meeting IMCD N.V. Page 15 2 b. Corporate governance structure and compliance with the Corporate Governance Code (discussion)
Slide 16: 2c. Implementation of the remuneration policy in 2017 (discussion)
Annual General Meeting IMCD N.V. Page 16 2 c. Implementation of the remuneration policy in the financial year 2017 (discussion)
Slide 17: Deloitte. Overview of the Audit 2017
Deloitte. IMCD N.V. Annual General Meeting – Overview of the Audit 2017 May 9th, 2018
Slide 18: Overview of the Deloitte Audit
Communication Overview of the Deloitte Audit ▪ Audit plan. ▪ Management letter and Supervisory Board Report. ▪ During Audit, we have had multiple communications with Supervisory board and Audit Committee. Annual Report, including Management Board Report and Other Information Materiality ▪ Unqualifie
Slide 19: Deloitte disclaimer
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global
Slide 20: 2d. Proposal to adopt the financial statements 2017 (voting point)
Annual General Meeting IMCD N.V. Page 20 2 d. Proposal to adopt the financial statements 2017 (voting point)
Slide 21: 2e. Proposal to adopt a dividend of EUR 0.62 per share in cash
Annual General Meeting IMCD N.V. Page 21 2 e. Proposal to adopt a dividend of EUR 0.62 per share in cash (voting point)
Slide 22: 2f. Discharge of the Management Board
Annual General Meeting IMCD N.V. Page 22 2 f. Proposal to discharge from liability the members of the Management Board (voting point)
Slide 23: 2g. Discharge of the Supervisory Board
Annual General Meeting IMCD N.V. Page 23 2 g. Proposal to discharge from liability the members of the Supervisory Board (voting point)
Slide 24: 3. Composition of the Management Board
Annual General Meeting IMCD N.V. Page 24 3. Composition of the Management Board
Slide 25: 3a. Proposal to reappoint Mr. Piet van der Slikke, CEO
Annual General Meeting IMCD N.V. Page 25 3 a. Proposal to reappoint Mr. Piet van der Slikke, CEO (voting point)
Slide 26: 3b. Proposal to reappoint Mr. Hans Kooijmans, CFO
Annual General Meeting IMCD N.V. Page 26 3 b. Proposal to reappoint Mr. Hans Kooijmans, CFO (voting point)
Slide 27: 4. Remuneration of the Management Board
Annual General Meeting IMCD N.V. Page 27 4. Remuneration of the Management Board
Slide 28: 4a. Proposal to adopt the revised Remuneration Policy
Annual General Meeting IMCD N.V. Page 28 4 a. Proposal to adopt the revised Remuneration Policy, including adjustment of the long-term variable compensation (voting point)
Slide 29: 4b. Proposal to approve revised annual base salaries
Annual General Meeting IMCD N.V. Page 29 4 b. Proposal to approve the revised annual base salaries for the Management Board (voting point)
Slide 30: 5. Composition of the Supervisory Board
Annual General Meeting IMCD N.V. Page 30 5. Composition of the Supervisory Board
Slide 31: 5a. Proposal to reappoint Mr. Michel Plantevin
Annual General Meeting IMCD N.V. Page 31 5 a. Proposal to reappoint Mr. Michel Plantevin (voting point)
Slide 32: 5b. Proposal to reappoint Mr. Arjan Kaaks
Annual General Meeting IMCD N.V. Page 32 5 b. Proposal to reappoint Mr. Arjan Kaaks (voting point)
Slide 33: 5c. Proposal to appoint Mr. Stephan Nanninga
Annual General Meeting IMCD N.V. Page 33 5 c. Proposal to appoint Mr. Stephan Nanninga (voting point)
Slide 34: 6. Reappointment of Deloitte as external auditor for 2019 and 2020
Annual General Meeting IMCD N.V. Page 34 6. Reappointment of Deloitte accountants B.V. as external auditor for the financial years 2019 and 2020 (voting point)
Slide 35: 7a. Extension of authority to issue shares
Annual General Meeting IMCD N.V. Page 35 7. Extension of the period for which the Management Board is authorised: a. to issue shares (voting point)
Slide 36: 7b. Extension of authority to restrict pre-emptive rights
Annual General Meeting IMCD N.V. Page 36 7. Extension of the period for which the Management Board is authorised: b. to restrict or exclude the pre-emptive rights on shares as described under 6 a. (voting point)
Slide 37: 8. Authorisation to acquire shares
Annual General Meeting IMCD N.V. Page 37 8. Authorisation of the Management Board to acquire shares (voting point)
Slide 38: 9. Any other business
Annual General Meeting IMCD N.V. Page 38 9. Any other business
Slide 39: 10. Closing
Annual General Meeting IMCD N.V. Page 39 10. Closing
Slide 40: Disclaimer
Disclaimer Page 40 Disclaimer This presentation was held at the Annual General Meeting of IMCD N.V. on 09 May 2018 and is made available on IMCD's website for information purposes only. The information contained in this presentation has been provided as at the date of the presentation and may be sub