Slide 1: Q3 2014 Interim Management Statement
Q3 2014 INTERIM MANAGEMENT STATEMENT TJERK DE RUITER/EDDY VAN RHEDE VAN 24 October DER KLOOT/SVEN THORMAHLEN 2014
Slide 2: Key Highlights Q3 2014
Key Highlights Q3 2014 Organic sales growth of 5.7% Biobased Food Ingredients grew volume and sales in all market units • Organic sales growth of 1.8% Biochemicals organic sales growth of 19.4% • Better than expected performance supported by irregular sales pattern Organic EBITDA excluding one-offs
Slide 3: Profit & Loss statement
Profit & Loss statement € million Q3 2014 Q3 2013 YTD 2014 YTD 2013 Net Sales 198.6 188.5 569.6 559.0 EBITDA excl. one-off costs 27.6 26.2 79.3 77.4 One-off costs 0.8 (2.8) (2.9) (5.4) EBITDA 28.4 23.4 76.4 72.0 EBITDA excl. one-off costs margin 13.9% 13.9% 13.9% 13.8% EBITDA excl. one-off costs at
Slide 4: Growth per segment
Growth per segment Total Total growth at QTD Currency Acquisitions Organic Price/Mix Volume Growth constant currency Biobased Food Ingredients 1.6% -0.2% 1.8% 0.0% 1.8% -2.1% 3.9% Biochemicals 18.8% -0.6% 19.4% 0.0% 19.4% 6.9% 12.5% Total 5.4% -0.3% 5.7% 0.0% 5.7% 1.0% 4.7% Total Total growth at Cur
Slide 5: EBITDA bridge Q3 2014
EBITDA bridge Q3 2014 0 -2.5 -3.4 -2 -4 -6 R&D Other costs 35 2.3 4.6 30 0.8 • Volume growth of 4.7% 0.4 25 5.9 • Limited net positive impact of lower raw material prices 20 • R&D costs increased by € 2.5 15 million 27.6 28.4 26.2 • Other cost increase driven by 10 FTE increase, cost indexation, and
Slide 6: Biobased Food Ingredients
Biobased Food Ingredients Q3 Q3 YTD YTD • Organic growth of 1.8% € million 2014 2013 2014 2013 Net Sales 149.2 146.9 427.0 434.1 • All three market segments Organic growth 1.8% 0.2% -0.5% 0.1% grew volume and sales in Q3 EBITDA excl. one-off costs 27.8 27.8 78.2 83.3 • Bakery growth partly driven Ma
Slide 7: Biochemicals
Biochemicals Q3 Q3 YTD YTD € million 2014 2013 2014 2013 • Strong performance across all Net Sales 49.4 41.6 142.6 124.9 activities Organic growth 19.4% 2.6% 16.6% 2.1% EBITDA excl. one-off costs 5.1 3.3 18.0 11.4 • All segments showed double Margin 10.3% 8.0% 12.6% 9.1% digit growth, except for low
Slide 8: Corbion
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