Corbion Nv · EURONEXT:CRBN
Corbion Nv — Shareholder Meeting (May 2015)
10 slides from Corbion Nv's shareholder meeting presentation, May 22, 2015
Slide 1: AGM Presentation 2015
AGM PRESENTATION 2015 TJERK DE RUITER, CEO 22 MAY 2015
Slide 2: Corbion is well positioned
Corbion is well positioned Our values In close partnership with our customers, we develop commercially attractive bio based alternatives by redefining technological edges. Our people and organization are driven by a passion for exploring new solutions that meet our customers’ needs. Performance: We
Slide 3: Two business models, two approaches
Two business models, two approaches There are two kinds of businesses within Corbion, each with a different set of characteristics. Both have been geared toward top-line growth. We believe they each need a different approach. 3 © 30/10/2014
Slide 4: Biobased Ingredients: Strengthen the Core
Biobased Ingredients: Strengthen the Core Food • Provider of high-value add, biobased ingredients for the food industry • Market leading positions in Bakery and Meat Biochemicals • Biobased alternatives for fossil based chemicals that have similar or better functionality, and are price competitive •
Slide 5: Biobased Ingredients: Strengthen the Core
Biobased Ingredients: Strengthen the Core Focus on improved financial performance • Differentiated market strategies & portfolio choices • Streamline: Productivity Improvement Program • Reshape organizations & manufacturing footprint • By 2016 FTE reduction of 200 across the company and annual cost
Slide 6: Biobased Innovations – Selective drive for Growth
Biobased Innovations – Selective drive for Growth 6 © 30/10/2014
Slide 7: From lactic acid to other organic acid platforms
From lactic acid to other organic acid platforms Fermentation 2010 2015 – onwards Downstream 80 years experience Processing Lactic acid Fermentation and lactates Downstream processing L and D-Lactide Partnership with Succinic acid Partnership with FDCA Acquisition Building on Corbion core capa
Slide 8: PLA – Most attractive biopolymer on the market
PLA – Most attractive biopolymer on the market Unmatched Sugar economics Superior sustainability credentials Sugar input (kg) per 1 kg of polymer* 4,0 3,0 2,0 1,0 0,0 • Corbion PLA CO2 per kg of polymer could go to 0 if produced via gypsum-free production process *Theoretical yields High heat opens
Slide 9: PLA – Our prudent investment approach
PLA – Our prudent investment approach Investment characteristics • Build 75 kTpa PLA plant (€ 60 M investment over 2 year construction period) • Investment will be made on disciplined financial criteria (NPV, DCF) • Derisk requirement: Build only if we have >25 kT volume commitments Signed letters
Slide 10: Disciplined Value Creation
Disciplined Value Creation ©