Slide 1: Half-Year Results 2021
Half-Year Results 2021 Media and Investor Conference July 15, 2021 Delivering Growth – in Asia and Beyond. Page 1
Slide 2: Agenda
Agenda 1. Highlights Half-Year 2021 2. Business Units Review 3. Financial Update 4. Outlook Page 2
Slide 3: Market Environment and H1 2021 Results
Market Environment and H1 2021 Results 1 2 3 … and vaccine distribution Despite restrictions, subdued GDP … … DKSH reports all key figures above last year in early stages … Intensity of restrictions (in %) 1 Share of people with at least one dose of COVID Growth rates H1 2021 vs H1 2020 (at CER) vac
Slide 4: Highlights H1 2021
Highlights H1 2021 20.2 4 New 36% -35% CHF million higher EBIT acquisitions Identity eCommerce growth CO2 emissions by 2025 Operational excellence Operational excellence M&A HR HR Digital Sustainability EBIT and cash flow Accelerated M&A Cultural Continued growth in New framework above pre-COVID exe
Slide 5: Healthcare
Business Unit Healthcare • Results on last year’s level despite ongoing COVID impact Net Sales (in CHF million) EBIT (in CHF million) on the healthcare industry and Myanmar situation • Delivering on our purpose of “enriching people’s lives” by distributing COVID vaccines and test kits +4.1%¹ +0.2%¹
Slide 6: Consumer Goods
Business Unit Consumer Goods Fast Moving Consumer Goods (FMCG) Net Sales (in CHF million) EBIT (in CHF million) • Good Business Development results in net sales growth despite ongoing client and product rationalization +2.8%¹ +38.0%¹ • Transformation on track ‒ strong EBIT improvements despite COVID
Slide 7: Performance Materials
Business Unit Performance Materials • Very strong result with double-digit sales and EBIT growth Net Sales (in CHF million) EBIT (in CHF million) ‒ Mainly organic: All Business Lines; most key markets ‒ Expansion with key clients and many new customers +18.1%¹ +40.4%¹ • Team delivers high-quality se
Slide 8: Technology
Business Unit Technology • Driven by organic and M&A contributions, net sales Net Sales (in CHF million) EBIT (in CHF million) recover, but are tracking below pre-COVID levels • Strategy implementation of focusing, streamlining and digitizing on track – EBIT growing +13.6%¹ +9.5%¹ 187.4 167.0 2.3 •
Slide 9: H1 2021 – All Key Figures Above Last Year
H1 2021 – All Key Figures Above Last Year Net Sales EBIT Profit after tax Free Cash Flow RONOC (in CHF billion) (in CHF million) (in CHF million) (in CHF million) (in percent) +5.3%¹ +20.7%¹ +47.7%¹ +109.8% +350ppt 131.5 86.7 5.5 107.2 18.7 111.3 5.3 15.2 60.2 51.1 H1 2020 H1 2021 H1 2020 H1 2021 H1
Slide 10: Solid Topline Growth With Higher Margins
Solid Topline Growth With Higher Margins Net sales (in CHF million) EBIT (in CHF million) -2.5% 5’487.9 131.5 +4.6% +0.7% 5’337.9 +1.8% -2.5% +18.9% 111.3 +5.3%¹ +20.7%¹ H1 2020 Organic M&A FX H1 2021 H1 2020 Organic M&A FX H1 2021 EBIT margin 2.1% 2.4% ¹ At constant exchange rates (CER) Organic: Di
Slide 11: Low Capital Intensity and Sound Cash Generation
Low Capital Intensity and Sound Cash Generation Capex / Net Sales (in %) Free Cash Flow (in CHF million)1 0.6% 250 210.2 0.4% 0.4% 0.4% 200 0.4% 0.4% 156.7 0.3% 150 139.5 140.6 0.2% 107.2 0.2% 100 0.2% 51.1 50 0.0% 0 2017 2018 2019 2020 H1 2020 H1 2021 2021E 2017 2018 2019 2020 H1 2020 H1 2021 Cash
Slide 12: Continued Strong Balance Sheet with Significant Leverage Potential
Continued Strong Balance Sheet with Significant Leverage Potential in CHF million H1 2020 H1 2021 Major changes H1 2021 vs. H1 2020: Cash/Liquid assets 506.6 606.3 • Generated ca. CHF 100 million more cash Trade receivables 1’982.5 2’113.3 • Lower working capital despite sales growth Inventories 1’2
Slide 13: Additional Financial Indications
Additional Financial Indications FY 2019 FY 2020 H1 2021 FY 2021 Mid-term estimate estimate M&A Further M&A (net sales contribution) +1.8% +2.1% +0.7% +0.8%1 ambitions FX +1.8% (net sales contribution) -5.1% -2.5% -1% to -2%2 n.a. Tax rate 25.3% (% of profit before tax) 26.1% 30.6% 27% to 29% 27% to
Slide 14: Future Prospects
Future Prospects Outlook for 2021 DKSH positioned for future value generation • EBIT growth in 2021 expected, assuming: • Proven asset-light and cash-generative model ‒ Slight GDP growth in Asia Pacific and a gradual • High share of resilient business segments recovery from COVID-19 restrictions • E
Slide 15: Disclaimer
Disclaimer While this presentation has been prepared by DKSH with due care and based on information it reasonably believes to be accurate, complete and up-to-date on the date hereof, this presentation may be inaccurate or incomplete or contain typographical errors or information that is not up-to-da