Slide 1: Q1 2016 Results
Q1 2016 RESULTS TJERK DE RUITER/EDDY VAN RHEDE 25/4/2016 VAN DER KLOOT
Slide 2: Highlights Q1 2016
Highlights Q1 2016 • Organic net sales growth of 2.9%, mostly volume driven (2.6%) • Net sales growth of 3.8% • EBITDA Q1 excluding one-off items increased organically by 16.7% • EBITDA € 43.7M (Q1 15: € 37.2M) driven by program Streamline, Biobased Innovations, positive absorption effect, and lower
Slide 3: Profit & Loss Statement
Profit & Loss Statement € million Q1 2016 Q1 2015 Growth Net sales Biobased Ingredients 222.4 216.3 2.8% - Food 168.1 160.8 4.5% - Biochemicals 54.3 55.5 -2.2% Biobased Innovations 5.9 3.7 57.5% Total Net Sales 228.3 220.0 3.8% EBITDA excluding one-off items Biobased Ingredients 43.6 39.3 10.9% - Fo
Slide 4: Growth per Segment
Growth per Segment Total growth YTD 2016 vs 2015 Total growth Currency at constant Acquisitions Organic Price/Mix Volume currency Biobased Ingredients 2.8% 0.3% 2.5% 0.6% 1.9% 0.5% 1.4% - Food 4.5% 0.1% 4.4% 0.7% 3.7% 2.1% 1.6% - Biochemicals -2.2% 0.9% -3.1% 0.5% -3.6% -4.0% 0.4% Biobased Innovatio
Slide 5: EBITDA bridge Q1 2016
EBITDA bridge Q1 2016 50 45 5.2 2.2 • Positive volume growth in all 1.5 1.8 -1.0 segments 40 -3.8 -0.4 35 30 Biobased Ingredients • Price/mix component most important profit contributor 25 43.7 42.7 20 37.2 15 • Program Streamline adds additional € 1.5M vs Q1 2015 10 5 0 • Currency impact limited 5
Slide 6: Biobased Ingredients
Biobased Ingredients Q1 Q1 € million 2016 2015 • Organic growth of 1.9%, Net sales 222.4 216.3 mostly driven by volume Organic growth 1.9% 4.3% growth EBITDA excl. one-off items 43.6 39.3 Margin 19.6% 18.2% • EBITDA margin excluding one- off items increased from 18.2% to 19.6% 8.0% 22.0% Guidance: N
Slide 7: Business Segment Food
Business Segment Food € million Q1 2016 Q1 2015 • All three markets (Bakery, Meat, Other) contributed to Net sales 168.1 160.8 Organic growth 3.7% 3.4% net sales growth EBITDA excl. one-off items 34.1 30.6 Margin 20.3% 19.0% • Bakery: increasing traction for advanced functional blends 6.0% Guidance:
Slide 8: Business Segment Biochemicals
Business Segment Biochemicals € million Q1 2016 Q1 2015 • Sales decreased mostly driven by reduction in Agrochemicals Net sales 54.3 55.5 Organic growth -3.6% 6.7% sales EBITDA excl. one-off items 14.3 12.6 Margin 26.3% 22.7% • Other markets in aggregate, showed good growth 30.0% 30.0% Guidance: Net
Slide 9: Biobased Innovations
Biobased Innovations Q1 Q1 • Organic growth of 56.1% € million 2016 2015 Net sales 5.9 3.7 Organic growth 56.1% 52.7% • Price/mix effect was negative EBITDA excl. one-off items 0.1 (2.1) due to standard grade PLA Margin 0.9% N/M seeding volumes • Due to activity phasing during the year, R&D expense
Slide 10: Corbion
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