Clariant Ag · SIX:CLN
Clariant — Investor Presentation (March 2012)
42 slides from Clariant's investor presentation, Mar 15, 2012
Slide 1: Corporate Presentation 2012
Public Corporate Communications Clariant Corporate Presentation 2012
Slide 2: Table of contents
Table of contents Key Facts Business and Products People & Culture Sustainability Innovation Corporate Communications (Copyright Clariant. All rights reserved.) 15 March 2012 Slide 2 / 42
Slide 3: Key Facts
x Clariant Key Facts
Slide 4: Clariant – Key Facts
Clariant – Key Facts ■ Clariant is a world leader in colors, surface effects and performance chemicals ■ Annual sales of CHF 7.4 billion in 2011 ■ Headquartered in Muttenz near Basel, Switzerland ■ World-wide operations, with more than 100 group companies ■ Approximately 22,100 employees ■ Products
Slide 5: Company History
Company History Ciba Rite Systems Sandoz Hoechst BTP Plc. Masterbatches Ricon Colors Süd-Chemie Sandoz est. 1886 1995 1997 2000 2006 2008 2011 1995 Clariant / IPO* from Sandoz 1997 Acquired Hoechst Specialty Chemicals Business 2000 Acquired BTP Plc. 2006 Acquired Ciba Masterbatches 2008 Acquired Rit
Slide 6: Clariant Worldwide
Clariant Worldwide ■ Clariant is represented in over 70 countries ■ Investment in high growth countries ■ Global production and safety standards Countries where Clariant is represented Corporate Communications (Copyright Clariant. All rights reserved.) 15 March 2012 Slide 6 / 42
Slide 7: Clariant Executive Committee (EC) – Tasks and Responsibilities
Clariant Executive Committee (EC) – Tasks and Responsibilities Hariolf Kottmann Patrick Jany Christian Kohlpaintner Mathias Lütgendorf Hans-Joachim Müller Chief Executive Officer Chief Financial Officer Member of Executive Member of Executive Member of Executive (CEO) (CFO) Committee Committee Commi
Slide 8: Business & Products
Business & Products
Slide 9: Clariant’s Products and Services Delivered Through 11 Business Units
Clariant’s Products and Services Delivered Through 11 Business Units Additives Catalysis & Energy Emulsions, Detergents Functional Materials & Intermediates A major supplier of additives Holds a leading position as One of the most important Is among the market leaders for plastics, coatings, produce
Slide 10: Clariant’s Products and Services Delivered Through 11 Business Units
Clariant’s Products and Services Delivered Through 11 Business Units Industrial & Consumer Leather Services Masterbatches Oil & Mining Services Specialties One of the largest providers A leading producer of A leading manufacturer of Oil Services offers chemical of specialty chemicals and chemicals a
Slide 11: Clariant’s Products and Services Delivered Through 11 Business Units
Clariant’s Products and Services Delivered Through 11 Business Units Paper Specialties Pigments Textile Chemicals One of the leading providers A leading global provider of Supplies specialty of optical brighteners, organic pigments, pigment chemicals for the pre- colorants and chemicals for preparat
Slide 12: Product Profile Exolit – Solving Burning Problems
Product Profile Exolit® – Solving Burning Problems Exolit® profile Exolit® OP is a non-halogenated flame retardant based on phosphinate chemistry. ■ Highly effective fire protection – Meets the strictest requirements – Provides standard engineering plastics with the low flammability of expensive hig
Slide 13: Product Profile Biotech Innovations in Cosmetics
Product Profile Biotech Innovations in Cosmetics VitipureTM , Velsan® and ZenvivoTM A unique range of biopolymers for personal care to fulfill consumer desire for purity and effectiveness. ■ These natural personal care ingredients originate from vegetal sources ■ Contributing to consumer well-being
Slide 14: Product Profile sunliquid – Nature's Quality in Fuel
Product Profile sunliquid® – Nature's Quality in Fuel sunliquid® An innovative, fully integrated process to economically produce cellulosic ethanol from lignocellulosic feedstock such as agricultural residues. The process features an integrated enzyme production, highly specific enzymes (biocatalyst
Slide 15: Product Profile Life Power – Superior Battery Materials
Product Profile Life Power® – Superior Battery Materials Life Power® P2 A pioneering, high-perfomance cathode material based on lithium iron phosphate, made by a proprietary process for use in lithium-ion batteries. Compared with other cathode materials, lithium iron phosphate is noted for its: ■ Hi
Slide 16: Product Profile EasyWhite Tan – A Fundamental Advance in Tanning
Product Profile EasyWhite Tan – A Fundamental Advance in Tanning EasyWhite Tan with Granofin ® Easy F-90 Granofin ® Easy F-90 is a new patented tanning system. Compared with existing systems, EasyWhiteTan offers a green perspective with the following advantages: ■ Leaner process − Less production st
Slide 17: People & Culture
People & Culture
Slide 18: Empowering People - Culture of Excellence
Empowering People - Culture of Excellence Values & Behaviors Performance Talent Management Management - Corporate Values to strengthen - Systematic Performance - Systematic Talent Identification, continuous improvement culture Management across the organization Development and Deployment - 360° Feed
Slide 19: Sustainability
Sustainability
Slide 20: Sustainability is Anchored in Clariant’s Strategy
Sustainability is Anchored in Clariant’s Strategy The Sustainability@Clariant Program: is the roof for sustainable development within Clariant; stands for life-cycle thinking regarding our business activities, products and services; supports the company’s commitment for continuous improvement in the
Slide 21: Sustainability at Clariant
Sustainability at Clariant Sustainability Council – Consists of representatives of the business units, Group functions, and business regions. The Council develops mid- to long-term goals and standards and evaluates the global challenges of sustainable development, in accordance with Clariant’s activ
Slide 22: Life-cycle Management and Thinking at Clariant
Life-cycle Management and Thinking at Clariant Leadership & Life-cycle based policy & Sustainable management Use, Sustainable Application Product & Disposal Design Sustainability Sustainable Sustainable Supply Chain Procurement Management Sustainable Sustainable Sales & & cleaner Marketing productio
Slide 23: Sustainability at Clariant
Sustainability at Clariant Clariant has set itself specific objectives to steadily reduce its relative consumption of water and energy and generate less waste and pollutant emissions; goes beyond legal requirements and participates in several voluntary sustainability programs, including voluntary co
Slide 24: Innovation
Innovation
Slide 25: The Engine for Innovation – Facts & Figures Research & Development
The Engine for Innovation – Facts & Figures Research & Development 2.4% Of sales product innovation 67% and process innovation 33% People in 5 R&D Centers for Chemical Technologies Research & Development Technical Application Centers R&D Center for Biotechnology 65 around the world 3 R&D Centers for
Slide 26: The Clariant Innovation Chain
The Clariant Innovation Chain – linking “technology push” with “market pull” Group function Business unit function Market Group Application Research & Development Development & (Chemical R&D) Technical Service Group Process Development Production (Process R&D / pilot plants) New Business Development
Slide 27: Group Research & Development – translating market needs into chemistry
Group Research & Development – translating market needs into chemistry Group function Five global R&D centers Colorants Group Research & Development (Chemical R&D) Surfactants & Alkoxylates Specialty Polymers Effect Chemicals & Intermediates Formulation Technology New cross-functional project center
Slide 28: Clariant’s Global Innovation Network
Clariant’s Global Innovation Network Ahrensburg R&D Centers (Group) Knapsack Application Development Labs/ Oberhausen Wiesbaden Technical Service Centers (within BUs) Louvain Frankfurt/Höchst Leinfelden Lamotte Gersthofen Cergy Gendorf Muttenz/Reinach Lomagna Prat Palazzolo Castelbisal Pogliano St.
Slide 29: R&D at Clariant – Frankfurt will be our global R&D hub
R&D at Clariant – Frankfurt will be our global R&D hub Clariant Innovation Center Frankfurt/Höchst, Germany (commissioning 2013) Corporate Communications (Copyright Clariant. All rights reserved.) 15 March 2012 Slide 29 / 42
Slide 30: What’s New?
What’s New? 2 new business units resulting from Süd-Chemie with strong R&D Programs – Catalysis & Energy (including Battery Materials) – Functional Materials Clariant has established its new Innovation Chain in 2010 – Group Technology Services with central R&D and New Business Development amongst ot
Slide 31: Back-up Slides
Back-up Slides
Slide 32: Business Review
Business Review Clariant Corporate Presentation February 2009 Corporate Communications (Copyright Clariant. All rights reserved.) Slide 32 / 42 Slide 32
Slide 33: Key figures fourth quarter
Key figures fourth quarter Q4/111 Q4/10 in CHF in LC Sales in CHF mn 1 918 1 700 +13% +21% Gross margin 23.8%2 26.0% EBITDA before exceptionals in CHF mn 28.7% 241 29.2% 170 +42% +54% - margin in % of sales 12.6% 10.0% EBIT before exceptionals in CHF mn 165 28.7% 29.2% 120 +38% +50% - margin in % of
Slide 34: Sales and EBITDA margins by business unit – fourth quarter
Sales and EBITDA margins by business unit – fourth quarter Fourth quarter Sales EBITDA** EBITDA margin** Business Unit / Segment: CHF mn % LC % of Group % 2011 % 2010 BU Industrial & Consumer Specialties 383 +5 23 15.9 14.3 BU Masterbatches 251 –3 9 9.2 9.3 BU Pigments 207 –16 19 24.6 14.9 BU Textil
Slide 35: Key financials – fourth quarter
Key financials – fourth quarter Fourth quarter 2011 2010 CHF mn % of sales CHF mn % of sales Sales 1 918 100% 1 700 100% Local currency growth (LC) 21% - Organic growth rate* –3% - Acquisitions/Divestments 24% Currencies –8% Gross profit 456 23.8% 442 26.0% EBITDA before exceptionals 241 12.6% 170 1
Slide 36: Sales prices and acquisitions driving growth
Sales prices and acquisitions driving growth Q4/11 Q4/10 Sales growth in local currencies +21% +8% Sales mix: Total sales Q4 2011: CHF 1 918 mn – Volume –12% incl. China incl. Germany – Price +9% 114 / +14% 258 / +7% – Acq./div. +24% +20% Asia/ – Currency –8% Pacific 434 Europe, Middle +15% Acquisit
Slide 37: Cash flow – fourth quarter
Cash flow – fourth quarter Fourth quarter 2011 2010 CHF mn CHF mn Net income 10 47 Depreciation, amortization and impairment 93 74 Other –12 –87 Payments for restructuring –42 –49 Operating cash flow before working capital changes 49 –15 Changes in working capital and provisions 136 292 Operating ca
Slide 38: Financial result – fourth quarter
Financial result – fourth quarter Fourth quarter 2011 2010 CHF mn CHF mn Interest income 5 6 Other financial income 1 1 Total financial income 6 7 Interest expenses –38 –18 Other financial expenses –2 –6 Total financial expenses –40 –24 Currency result, net –35 6 Total financial result –69 –11 Corpo
Slide 39: ICS, Masterbatches, Pigments, Textile Chemicals – fourth quarter
ICS, Masterbatches, Pigments, Textile Chemicals – fourth quarter Industrial & Consumer Specialties Pigments Sales in CHF mn EBITDA bef. exc. in CHF mn Sales in CHF mn EBITDA bef. exc. in CHF mn Q4 Change Q4 Q4 Change Q4 Q4 Change Q4 Q4 Change Q4 2011 (LC) 2010 2011 (LC) 2010 2011 (LC) 2010 2011 (LC)
Slide 40: Oil & Mining Services, Leather Services, Performance Chemicals – fourth quarter
Oil & Mining Services, Leather Services, Performance Chemicals – fourth quarter Oil & Mining Services Performance Chemicals* Sales in CHF mn EBITDA bef. exc. in CHF mn Sales in CHF mn EBITDA bef. exc. in CHF mn Q4 Change Q4 Q4 Change Q4 Q4 Change Q4 Q4 Change Q4 2011 (LC) 2010 2011 (LC) 2010 2011 (L
Slide 41: Functional Materials, Catalysis & Energy – fourth quarter
Functional Materials, Catalysis & Energy – fourth quarter Functional Materials Sales in CHF mn EBITDA bef. exc. in CHF mn Q4 Change Q4 Q4 Change Q4 2011 (LC) 2010 2011 (LC) 2010 16 167 – – – – 9.6% Catalysis & Energy Sales in CHF mn EBITDA bef. exc. in CHF mn Q4 Change Q4 Q4 Change Q4 2011 (LC) 2010
Slide 42: Disclaimer
Disclaimer This presentation contains certain statements that are neither reported financial results nor other historical information. This presentation also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results ma