Novonesis A/s Class B · OMXCOP:NSIS_B
Novonesis A/s Class B — 1H 2020 Earnings Presentation
12 slides from Novonesis A/s Class B's earnings presentation, Aug 12, 2020
Slide 1: Conference call 1H 2020
Conference call 1H 2020 August 12, 2020
Slide 2: Forward Looking Statement
Disclaimer Forward Looking Statement 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 limite
Slide 3: Highlights
Latest results Highlights Solid first-half results 1H 2020 Q2 2020 Realized Realized • 4% organic sales growth Sales performance, organic % 4 -2 • Growth in Household Care, Food & Beverages and Agriculture & Feed; EBIT margin % 27.5 25.9 significant declines in Bioenergy and Technical & Pharma ROIC
Slide 4: Organic sales performance by geography
Latest results Organic sales performance by geography ⚫ Main sites with production and R&D ⚪ Satellite production site ⚫ Satellite R&D site Europe, Middle East North America & Africa 32% 1H y/y: -4% Q2 y/y: -15% 1H y/y: 8% Q2 y/y: 6% 39% of sales of sales ⚫ ⚪ ⚫ ⚫ ⚫ ⚫ ⚫ ⚪ ⚪ ⚫ Latin America Asia Pacif
Slide 5: Household Care
Latest results Household Care Strong first-half amplified by COVID-19 effects YTD organic sales performance (y/y) • Organic sales; 1H y/y: +11% (Q2 y/y: +11%) • Strong momentum continued in Q2 11% • Growth led by enzymatic penetration in detergents, 4% freshness roll-out and COVID-19 effects 1% • Re
Slide 6: Food & Beverages
Latest results Food & Beverages Strong first-half led by baking YTD organic sales performance (y/y) • Organic sales; 1H y/y: +7% (Q2 y/y: +3%) • First-half sales supported by increased at-home food consumption while lower on-trade demand had a negative 8% 7% 3% 4% impact on beverages • Q2 growth led
Slide 7: Bioenergy
Latest results Bioenergy Significant decline due to U.S. demand disruption YTD organic sales performance (y/y) • Organic sales; 1H y/y: -15% (Q2 y/y: -37%) • 'Stay-at-home' orders led to significant decline in U.S. ethanol 14% production in Q2 y/y — production rates have improved 7% since troughing
Slide 8: Agriculture & Feed
Latest results Agriculture & Feed Healthy performance supported by one-off and timing YTD organic sales performance (y/y) • Organic sales; 1H y/y: +17% (Q2 y/y: +27%) • Feed and BioAg both contributed to growth 17% • Feed positively impacted by timing and BioAg supported by a Q2 one-off related to t
Slide 9: Financials – Performance 1H
Latest results Financials – Performance 1H Solid financial performance despite challenging conditions • Organic sales; 1H y/y: +4% • Gross margin at 56.3% - 120bps higher than last year due to higher operational leverage, improved production efficiencies and lower input costs • EBIT margin at 27.5%
Slide 10: Financials – Outlook 2020
Latest results Financials – Outlook 2020 2020 outlook reinstated; broad range reflects lingering uncertainty • Organic sales performance of -2% to +2% • Household Care, Food & Beverages and Agriculture & Feed expected at mid-single-digit growth • Uncertainty most pronounced for Bioenergy and Technic
Slide 11: Summary
Latest results Summary Solid first-half performance; outlook reinstated • Solid sales and financial performance • Five new products launched • 2020 outlook reinstated • Resilient business performing well despite challenging conditions; positioned to deliver more value • Strategy execution progressin
Slide 12: Poo
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