Slide 1: Conference Call Q1 2020 results
CONFERENCE CALL Q1 2020 results IMCD N.V. 20 April 2020
Slide 2: Disclaimer
Page 2 Disclaimer This presentation may contain forward looking statements. These statements are based on current expectations, estimates and projections of IMCD’s management and information currently available to the company. IMCD cautions that such statements contain elements of risk and uncertain
Slide 3: Presenting team
Page 3 Presenting team Piet van der Slikke, CEO Hans Kooijmans, CFO • Led the formation of • Joined IMCD in 1996 IMCD since 1995 • Co-led formation of IMCD • Designed and executed IMCD’s strategy • 23 years of industry experience • 24 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights Q1 2020 • Financials Q1 2020 • Outlook • Q&A
Slide 5: Company profile
Company profile Page 5 IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive
Slide 6: Agenda
Page 6 Agenda • Company profile • Highlights Q1 2020 • Financials Q1 2020 • Outlook • Q&A
Slide 7: Highlights Q1 2020
Highlights Q1 2020 Page 7 Gross profit growth of 12% to EUR 176.4 million (+12% on a constant Gross profit currency basis) Operating Operating EBITA increase of 11% to EUR 70.9 million (+11% on a constant EBITA currency basis) Net result before amortisation and non-recurring items of EUR 50.2 millio
Slide 8: Agenda
Agenda Page 8 • Company profile • Highlights Q1 2020 • Financials Q1 2020 • Outlook • Q&A
Slide 9: Key figures
Financials Q1 2020 Page 9 Key figures Jan. 1 - March 31 Jan. 1 - March 31 Fx adj. EUR millio n 2020 2019 Change Change change Revenue 748.8 704.8 44.0 6% 6% Gross profit 176.4 157.9 18.5 12% 12% Gross profit in % of revenue 23.6% 22.4% 1.2% Operating EBITA 70.9 63.7 7.2 11% 11% Operating EBITA in %
Slide 10: Income statement
Financials Q1 2020 Page 10 Income statement Holding EUR million EMEA Americas Asia Pacific companies Total Gross profit Q1 2020 94 58 24 176 Q1 2019 89 50 20 158 ∆ reported 6% 16% 24% 12% ∆ constant currency 7% 15% 26% 12% Gross profit in % of revenue Q1 2020 25.7% 22.1% 20.1% 23.6% Q1 2019 24.7% 19
Slide 11: Free cash flow
Financials Q1 2020 Page 11 Free cash flow EUR million Q1 2020 Q1 2019 change Operating EBITA 71 64 7 Depreciation 6 5 1 Operating EBITDA 77 69 8 Lease payments (6) (5) (1) Share based payments 1 1 1 Adjusted Operating EBITDA 72 65 8 Capex (3) (1) (2) ∆ Working capital1 (36) (19) (17) Free cash flow
Slide 12: Net debt / leverage
Financials Q1 2020 Page 12 Net debt / leverage 31 March 31 December 31 March EUR million 2020 2019 2019 Net debt excluding impact IFRS 16 672 660 590 IFRS 16 net debt 69 75 63 Reported Net Debt 742 735 653 Leverage ratio 1 Reported 2.8 2.8 2.8 Based on loan documentation 2.6 2.6 2.6 1 Net Debt / Ope
Slide 13: Agenda
Agenda Page 13 • Company profile • Highlights Q1 2020 • Financials Q1 2020 • Outlook • Q&A
Slide 14: Outlook
Page 14 Outlook IMCD operates in different, often fragmented market segments in multiple geographic regions, connecting many customers and suppliers across a very diverse product range. In general, results are impacted by macroeconomic conditions and developments in specific industries. Furthermore,
Slide 15: Agenda
Agenda Page 15 • Company profile • Highlights Q1 2020 • Financials Q1 2020 • Outlook • Q&A