Slide 1: Dynamic Growth and Record Margins in First Half of 2016
DYNAMIC GROWTH AND RECORD MARGINS IN FIRST HALF OF 2016 SIKA INVESTOR PRESENTATION JULY 29, 2016
Slide 2: Dynamic Growth and Record Margins in First Half of 2016
DYNAMIC GROWTH AND RECORD MARGINS IN FIRST HALF OF 2016 Sales growth of 7.6% (6.9% in CHF) to CHF 2,806 million Growth in all regions: Double-digit in the USA, Canada, Argentina, Chile, UK, Africa, Southeast Asia, the Pacific area, and Automotive High growth in profitability: EBIT +22.6%, net
Slide 3: Key Figures Half-Year 2016: Above-Average Increase in Profit
KEY FIGURES HALF-YEAR 2016 ABOVE-AVERAGE INCREASE IN PROFIT in CHF mn 2015 2016 Δ% Net sales 2,625.2 2,806.2 6.9% Gross results as % of net sales 54.4 55.6 EBITDA 370.2 439.7 +18.8% EBIT 288.6 353.7 +22.6% Net profit 197.3 246.3 +24.8% Operating free cash flow 43.0 106.0 ROCE in % 22.8 25.5 3
Slide 4: Sales Growth by Quarter: Strong Organic Growth with 6.5%
SALES GROWTH BY QUARTER STRONG ORGANIC GROWTH WITH 6.5% 12% 10% 8.3% 8.3% 7.0% 8% 6.0% 2.5% 2.9% 0.5% 6% 5.1% 5.3% in LC 1.1% 2.6% acquisition 4% 2.2% organic 2% 4.0% 3.4% 3.1% 5.8% 5.4% 6.5% 0% Q1 PY Q2 PY Q3 PY Q4 PY Q1 CY Q2 CY in CHF mn Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Quarterly 1,195.3 1,429
Slide 5: Sales Half-Year 2016: Growth in All Regions
SALES HALF-YEAR 2016 GROWTH IN ALL REGIONS + 7.5 % +15.9 % - 9.8 % + 5.3 % Growth in CHF + 6.6 % +12.7 % + 5.9 % + 4.6 % Growth in LC + 0.9 % + 3.2 % - 15.7 % + 0.7 % FX impact + 2.4 % + 1.7 % + 0.0 % + 1.1 % Acquisition 22% 78% Construction Industry 1,335 441 274 510 in CHF mn EMEA North America La
Slide 6: Growth Momentum Continues Half-Year 2016: 7.6% Sales Growth
GROWTH MOMENTUM CONTINUES HALF-YEAR 2016 7.6% SALES GROWTH (6.9% IN CHF) + 12.7% + 6.6% + 4.6% 381 441 North America 484 510 + 5.9% Asia/Pacific 1,242 1,335 304 274 EMEA Latin America HY 1 / 2015 HY 1 / 2016 (in CHF million, growth in LC) 6
Slide 7: Five-Year Overview – Half-Year Figures: Continuously Improving Margins
FIVE-YEAR OVERVIEW – HALF-YEAR FIGURES CONTINUOUSLY IMPROVING MARGINS 275 9.0 % EBIT IN CHF 400 12.6% NET PROFIT IN CHF 8.8% +24.8% 12. 0% 375 11.0% +22.6% 250 8.0 % 7.5% 246 350 In % of sales 10.0% 354 In % of sales 225 10. 0% 325 9.2% 6.7% 7.0 % 8.6% 300 200 8.0 % 5.9% 275 289 197 6.0 % 5.4% 266 1
Slide 8: Accelerated Build-Up of Growth Markets: Investments in First Half Year 2016
ACCELERATED BUILD-UP OF GROWTH MARKETS INVESTMENTS IN FIRST HALF YEAR 2016 Opening of Sika plants: 2nd plant in Greece (Kryoneri (Athens), January 2016) 1st plant in Myanmar (Yangon, February 2016) 1st plant in Cambodia (Phnom Penh, February 2016) 4th plant in Canada (Vancouver, March 2016)
Slide 9: Accelerated Build-Up of Growth Markets: Acquisition in First Half Year 2016
ACCELERATED BUILD-UP OF GROWTH MARKETS ACQUISITION IN FIRST HALF YEAR 2016 L.M. Scofield, USA US‐based market leader for concrete color additives (ready‐mixed concrete) and decorative treatments for refurbishment Buying new technology and spreading it out to Sika’s existing customer base Conti
Slide 10: Outlook: Confirmation of 2016 Annual Targets
OUTLOOK CONFIRMATION OF 2016 ANNUAL TARGETS 6-8% sales growth Disproportionately higher rise in margins Opening of 8 to 10 new factories 3 to 4 new national subsidiaries Unknown outcome of Saint-Gobain’s hostile takeover attempt 10
Slide 11: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘expects’, ‘believes’, ‘estimates’, ‘anticipates’, ‘projects’, ‘intends’, ‘should’, ‘seeks’, ‘future’ or similar expressions or by discussion
Slide 12: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION ® BUILDING TRUST Bs