Clariant Ag · SIX:CLN
Clariant — FY2019 Earnings Presentation
29 slides from Clariant's earnings presentation, Feb 13, 2020
Slide 1: Full Year Results 2019
Full Year Results 2019 13 FEBRUARY 2020
Slide 2: Disclaimer
2 Full Year Results 2019 13 February 2020 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 a
Slide 3: Full Year and Fourth Quarter 2019 – Highlights
3 Full Year Results 2019 13 February 2020 Full Year and Fourth Quarter 2019 – Highlights FY 2019 vs. FY 2018, all figures continuing operations Q4 2019 vs. Q4 2018, all figures continuing operations SALES 4 399 + 3 % SALES 1 127 + 3 % in CHF m in LC* y-o-y in CHF m in LC* y-o-y EBITDA before excepti
Slide 4: Sales Development & Mix
4 Full Year Results 2019 13 February 2020 Sales Development & Mix All figures continuing operations − FY 2019 sales rose organically by 3 % in local FY 2019 SALES in CHF m currency, supported by higher volumes and +2% +0% -3% pricing +1% − Sales increase driven by both Catalysis and Natural Resource
Slide 5: Sales Distribution by Region
5 Full Year Results 2019 13 February 2020 Sales Distribution by Region Emerging markets All figures continuing operations Mature markets − In FY 2019, almost all regions contributed to the FY 2019 SALES CHF 4 399 m in CHF m local currency sales growth − Sales expansion was most pronounced in Latin A
Slide 6: Care Chemicals
6 Full Year Results 2019 13 February 2020 Care Chemicals All figures continuing operations FY 2019 FY 2018 % CHF % LC* − FY 2019 sales slightly decreased by 1 % in LC* Sales in CHF m 1 600 1 665 -4% -1% − Consumer Care sales increased, driven by positive EBITDA b.e.i.** in CHF m 285 316 - 10 % contr
Slide 7: Catalysis
7 Full Year Results 2019 13 February 2020 Catalysis All figures continuing operations FY 2019 FY 2018 % CHF % LC* − Substantial FY 2019 sales expansion of 9 % in LC* due to Sales in CHF m 925 861 +7% +9% Petrochemicals progression and an increase in Syngas EBITDA b.e.i.** in CHF m 218 199 + 10 % − S
Slide 8: Natural Resources (including Additives)
8 Full Year Results 2019 13 February 2020 Natural Resources (including Additives) All figures continuing operations FY 2019 FY 2018 % CHF % LC* − FY 2019 sales increased by 4 % in LC* Sales in CHF m 1 874 1 878 0% +4% − Sales in Oil and Mining Services (OMS) progressed in low EBITDA b.e.i.** in CHF
Slide 9: Full Year 2019 – EBITDA a.e.i. Development
9 Full Year Results 2019 13 February 2020 Full Year 2019 – EBITDA a.e.i.* Development All figures continuing operations FY EBITDA a.e.i.* / margin in CHF m / in % of sales − FY 2019 EBITDA a.e.i.* was negatively 15.7 % impacted by the one-off provision of 800 13.8 % 700 692 14.0 % CHF 231 m** and th
Slide 10: Fourth Quarter 2019 – EBITDA a.e.i. Development
10 Full Year Results 2019 13 February 2020 Fourth Quarter 2019 – EBITDA a.e.i.* Development All figures continuing operations Q4 EBITDA a.e.i.* / margin in CHF m / in % of sales − Q4 2019 EBITDA a.e.i.* advanced significantly 18.5 % 20.0 % by 68 % to CHF 208 m 19.0 % 11.0 % 230 18.0 % 17.0 % 16.0 %
Slide 11: Full Year 2019 – Net Result & Operating Cash Flow
11 Full Year Results 2019 13 February 2020 Full Year 2019 – Net Result & Operating Cash Flow NET RESULT 400 OPERATING CASH FLOW in CHF m 700 in CHF m 350 600 300 500 250 269 400 200 356 231* 300 646 150 302 502 530 509 239 263 428 100 217 200 334 100 50 0 38 0 2014 2015 2016 2017 2018 2019 2014 2015
Slide 12: Proposed stable distribution at CHF 0.55 per share
12 Full Year Results 2019 13 February 2020 Proposed stable distribution at CHF 0.55* per share DIVIDEND in CHF per share − Proposed CHF 0.55* per share distribution − Proposal reflects an unchanged dividend y-o-y +7% 0.60 despite the difficult economic environment and 0.55 the lower net result − Dis
Slide 13: Clariant Insight
a CLARIANT Clariant Insight what is precious to you?
Slide 14: Clariant's Exolit OP Terra: Flame Retardants go renewable
14 Full Year Results 2019 13 February 2020 Flame Retardants go renewable... ...Clariant’s Exolit® OP Terra − Flame retardants are added to plastics in order to slow down or even prevent fires in ignition-prone environments − Exolit® OP halogen-free flame retardants offer tailor-made fire protection
Slide 15: Outlook and Summary
CLARIANT . Outlook and Summary what is precious to you?
Slide 16: Efficiency measures, innovation and sustainability to increase profitability and cash
16 Full Year Results 2019 13 February 2020 Through efficiency measures and our focus on innovation and sustainability, we aim to further increase profitability and grow cash − Clariant delivered a solid performance in 2019 in a difficult environment, with a particularly positive development in Q4 20
Slide 17: Back-up Slides
a CLARIANT Back-up Slides what is precious to you?
Slide 18: A More Focused, High Value Specialty Portfolio
18 Full Year Results 2019 13 February 2020 A More Focused, High Value Specialty Portfolio Continuing Operations: Sales growth Sales growth Sales growth expectation p.a. 5-7% expectation p.a. 6-9% expectation p.a.** 5-7% EBITDA* EBITDA* EBITDA* 19 - 21 % 26 - 30 % 18 - 20 % margin ambition margin amb
Slide 19: Discontinued Operations (Masterbatches and Pigments)
19 Full Year Results 2019 13 February 2020 Discontinued Operations (Masterbatches and Pigments) FY 2019 FY 2018 % CHF % LC* − In FY 2019, sales decreased by 2 % in LC* and 4 % in Swiss Sales in CHF m 2 127 2 219 -4% -2% francs EBITDA b.e.i.** in CHF m 203 279 - 27 % − Masterbatches and Pigments were
Slide 20: Full Year 2019 – Sales and EBITDA by Business Area
20 Full Year Results 2019 13 February 2020 Full Year 2019 – Sales and EBITDA by Business Area Sales to 3rd parties EBITDA Full Year after exceptionals in CHF m 2019 2018 % LC* 2019 2018 % CHF Care Chemicals 1 600 1 665 -1% 282 314 - 10 % margin 17.6 % 18.9 % Catalysis 925 861 +9% 212 185 + 15 % marg
Slide 21: Quarterly and FY 2018 – Sales and EBITDA by Business Area
21 Full Year Results 2019 13 February 2020 Quarterly and FY 2018 – Sales and EBITDA a.e.i.* by Business Area Sales to 3rd parties EBITDA after exceptionals in CHF m Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Care Chemicals 484 400 385 396 1 665 88 73 83 70 314 ma
Slide 22: Full Year 2019 – Key Financials
22 Full Year Results 2019 13 February 2020 Full Year 2019 – Key Financials 2019 2018 Continuing operations CHF m % of sales CHF m % of sales Sales 4 399 100.0 % 4 404 100.0 % Local currency growth 3% Organic growth* 3% Acquisitions / divestures 0% Currencies -3% Gross profit 1 375 31.3 % 1 362 30.9
Slide 23: Full Year 2019 – Consolidated Statements of Cash Flows
23 Full Year Results 2019 13 February 2020 Full Year 2019 – Consolidated Statements of Cash Flows All figures including discontinued operations CHF m 2019 2018 Net result 38 356 Depreciation, amortization and impairment 330 325 Payments for restructuring - 29 - 42 Other 195 163 Cash flow before chan
Slide 24: Debt Maturity Profile as of December 2019
24 Full Year Results 2019 13 February 2020 Debt Maturity Profile as of 31 December 2019 LIQUIDITY FINANCIAL DEBT MATURITIES in CHF m in CHF m 1000 Derivatives 900 4* Short-term loans, lease & other liabilities 800 Certificate of indebtedness 700 4 CHF bond 600 500 241 Cash and short-term deposits 94
Slide 25: Full Year 2019 – Sales and Cost Structure
25 Full Year Results 2019 13 February 2020 Full Year 2019 – Sales and Cost Structure* GLOBAL SALES DISTRIBUTION** GLOBAL COST DISTRIBUTION** in % in % EMERGING MARKETS EMERGING MARKETS 12 % 16 % EUR EUR JPY JPY 38 % 40 % 3% 3% CHF CHF 4% 0% USD USD 43 % 41 % * These distributions represent an approx
Slide 26: Top Chemicals in Percentage of Total Raw Material Cost
26 Full Year Results 2019 13 February 2020 Full Year 2019 Top 20 Chemicals in Percentage of Total Raw Material Cost* TOP 5 CHEMICALS TOP 6 - 20 CHEMICALS 1 Ethylene 6 Propylene oxide 2 Ethylene oxide 7 Acetic acid 3 Propylene glycol 8 Sodium hydroxide 4 Titanium dioxide 9 4-Nitro-o-anisidine 5 Polye
Slide 27: Calendar of Upcoming Corporate Events
27 Full Year Results 2019 13 February 2020 Calendar of Upcoming Corporate Events 30 March 2020 Annual General Meeting 30 April 2020 First Quarter 2020 Reporting 30 July 2020 First Half 2020 Reporting 29 October 2020 Nine Months 2020 Reporting
Slide 28: IR Contacts
28 Full Year Results 2019 13 February 2020 IR Contacts Maria Ivek Phone: +41 61 469 63 73 Senior Investor Relations Officer Email: investor-relations@clariant.com Alexander Kamb Investor Relations Officer
Slide 29: Our iPad App
29 Full Year Results 2019 13 February 2020 Our iPad App Download it here: iPad App: www.clariant.com/IRapp