Slide 1: Conference call 12M 2018
Conference call 12M 2018 January 24, 2019
Slide 2: Highlights
Highlights Satisfactory 2018 performance Key financials February 2018 2018 (DKKbn) Outlook Realized • Financial guidance parameters met as set out at the beginning of 2018 Sales growth, organic 4-6% 4% • Bioenergy strong; solid performance in Food & Beverages; growth in Agriculture & Feed; Household
Slide 3: Organic sales growth by geography
Organic sales growth by geography North America 34%of sales Europe, the Middle East & Africa 36% of sales 12M 2018 y/y: 5% 12M 2018 y/y: 1% Q4 y/y: 3% Q4 y/y: 1% Developed Emerging 65% (12M 2018: 3% y/y) 35% 10% 20% (12M 2018: 5% y/y) Latin America Asia Pacific of sales of sales 12M 2018 y/y: 6% 12M
Slide 4: Household Care
Household Care 32% of sales Flat performance in 2018 FY organic sales growth 4% • Organic growth 12M 2018 0% y/y; Q4 2018 1% y/y • Weakness in the Middle East due to economic distress and trade sanctions • Global customers continued cost optimization – in line with expectations • Sales to regional c
Slide 5: Food & Beverages
Food & Beverages 29% of sales FY organic sales growth Solid and wide-ranging growth 9% • Organic growth 12M 2018 +5% y/y; Q4 2018 +7% y/y • Broad-based growth; especially strong in food & nutrition and beverages • Strong growth in oils & fats 5% 5% • Baking performed well in Asia Pacific but hampere
Slide 6: Bioenergy
Bioenergy 19% of sales Continued strong momentum for biofuels FY organic sales growth 19% • Organic growth 12M 2018 +12% y/y; Q4 2018 +5% y/y • New yeast technology well received; second product, Innova ® Lift, 11% 12% launched in Q4 • Good growth across regions for conventional biofuels • US and gl
Slide 7: Agriculture & Feed
Agriculture & Feed 14% of sales Mixed year with strong growth in BioAg FY organic sales growth • Organic growth 12M 2018 +3% y/y; Q4 2018 -3% y/y 19% • Strong BioAg performance driven by Acceleron® B-360 • Sales to animal feed challenged; difficult market conditions in Latin America 7% 5% • Alterion
Slide 8: R&D update – priority innovation platforms
R&D update – priority innovation platforms Freshness solutions for laundry detergents Arrows denote progress over the past 12 months. 8
Slide 9: Two exciting collaborations
Two exciting collaborations Making every drop count BioSec® - our first product from the water platform launched in December Leveraging technology that partly originates from our biomass conversion research The Copenhagen wastewater treatment facility BIOFOS is the first end-user applying our enzyma
Slide 10: Financials – 2018
Financials – 2018 Satisfactory 2018 Key financials 2017 February 2018 2018 • Initial 2018 financial outlook parameters met (DKKbn) Realized Outlook Realized • Organic sales growth at +4% • Middle East and Feed were main negative surprises Sales growth, organic 4% 4-6% 4% • Reported EBIT margin at 28
Slide 11: Financials – 2019 outlook
Financials – 2019 outlook 3-6% organic sales growth and solid earnings • Organic sales growth guidance of 3-6%. Key financials 2018 2019 Currencies add ~1pp in reported Danish kroner (DKKbn) realized outlook • Growth expected in all businesses as well as from both Sales growth, organic 4% 3-6% emerg
Slide 12: Summary
Summary Summary Satisfactory 2018 results – financial outlook met Satisfactory 2018 results • • Satisfactory Satisfactoryresults; guidance results; parameters guidance from from beginning of 2018 met beginning of 2018 met • Challenging Middle Eastern markets were the main unexpected drag on • Challe
Slide 13: Our business is about turning amazing science into sustainable biological answers
Our business is about turning amazing science into sustainable biological answers in a growing world 6,500 3rd 48% 88 million More than 6,500 active and In 2018, Science Magazine Market leader in industrial In 2018, our customers pending patents ranked Novozymes the enzymes with an estimated avoided
Slide 14: Forward-looking statements
Forward-looking statements This presentation and its related comments contain forward-looking statements, including statements about future events, future financial performance, plans, strategies and expectations. Forward-looking statements are associated with words such as, but not limited to, "bel