Slide 1: Analyst and Investor Presentation Full-year results 2015
Analyst and Investor Presentation Full-year results 2015 DKSH Holding Ltd. Zurich, February 8, 2016 © DKSH
Slide 2: Happy Chinese New Year 2016
Happy Chinese New Year 2016 Page 2 © DKSH
Slide 3: DKSH opens new distribution center in Cambodia
The year 2015 ends with growth: DKSH opens new distribution center in Cambodia © DKSH
Slide 4: Vietnam expanded by around 7% in 2015
Vietnam expanded by around 7% in 2015 – also here DKSH is right in the middle © DKSH
Slide 5: DKSH growth outside Southeast Asia; 20 years in Myanmar
DKSH verzeichnet auch Wachstum ausserhalb Südostasiens – wie in Neuseeland mit einem neuen DKSH Distributionszentrum feiert ihre 20-jährige Präsenz in Myanmar Myanmar opens to the world: New supermarkets are everywhere in Yangon © DKSH
Slide 6: DKSH's 2,100 local specialists in Myanmar
In action for our clients and customers in Myanmar: DKSH’s 2,100 local specialists © DKSH
Slide 7: Construction works all over Bangkok
Construction works all over Bangkok – extension of the Skytrain by another 30 kilometers © DKSH
Slide 8: DKSH also prepares for further growth – in spring
DKSH also prepares for further growth – in spring another distribution center will open in Vietnam © DKSH
Slide 9: Financial year 2015
Financial year 2015 • Net sales increase by 2.4% to CHF 10.1 billion • Profit after tax grows by 2.1% to CHF 199.6 million • Earnings per share rise by 5.4% • Dividend increase of 13.0% to CHF 1.30 per share1 • Resilience of business model reconfirmed in spite of difficult conditions • Strategic equ
Slide 10: Development of the Business Units in 2015
Development of the Business Units in 2015 Performance Healthcare Technology Materials Consumer Goods Extraordinary strong Management change Successful combination Further deterioration of profit growth leads to return to of organic growth and market environment previous solid acquisitions impacts re
Slide 11: 2015: Higher net sales and profit
2015: Higher net sales and profit Key figures in CHF millions At CER¹ In CHF In CHF 2015 in % 2015 in % 2014 Net sales 10,246.4 4.4 10,050.8 2.4 9,818.2 Operating profit (EBIT) 275.3 1.0 270.2 (0.9) 272.7 Profit after tax 202.7 3.7 199.6 2.1 195.5 Earnings per share (in CHF) - - 3.12 5.4 2.96 Fr
Slide 12: Solid Free Cash Flow…
Solid Free Cash Flow… Net cash position Comment in CHF millions • Free Cash Flow of solid CHF 190.8 million 469 achieved • Balance sheet further strengthened • Low counterparty risk is a competitive 293 advantage for client negotiations and 214 collaboration 2013 2014 2015 …results in further streng
Slide 13: Business Unit Consumer Goods
Business Unit Consumer Goods Financials Comments in CHF millions • Net sales decline by 5.3% (–2.7% at CER) At CER¹ In CHF In CHF due to decreased consumer spending 2015 in % 2015 in % 2014 • Profitability impacted by lower demand for Net sales 4,033.1 (2.7) 3,925.6 (5.3) 4,143.2 premium product
Slide 14: Business Unit Healthcare
Business Unit Healthcare Financials Comments in CHF millions • Increase of net sales by 9.4% (10.2% at At CER¹ In CHF In CHF CER) and EBIT rise of 16.9% (16.3% at 2015 in % 2015 in % 2014 CER) Net sales 5,008.6 10.2 4,971.0 9.4 4,544.0 • Strong organic growth EBIT2 149.7 16.3 150.5 16.9 128.7 •
Slide 15: Business Unit Performance Materials
Business Unit Performance Materials Financials Comments in CHF millions • Net sales growth of 0.1% (5.9% at CER) At CER¹ In CHF In CHF • High single-digit EBIT increase when 2015 in % 2015 in % 2014 considering reallocation effect and at CER Net sales 828.2 5.9 782.5 0.1 781.9 EBIT 54.3 3.4 51.4
Slide 16: Business Unit Technology
Business Unit Technology Financials Comments in CHF millions • Net sales rise by 6.5% (at CER: 7.9%) At CER¹ In CHF In CHF 2015 in % 2015 in % 2014 • Higher demand for technological products in Japan and China Net sales 377.0 7.9 372.2 6.5 349.5 EBIT 20.2 75.7 20.1 74.8 11.5 • EBIT increase to C
Slide 17: Three major growth drivers…
Three major growth drivers… 1 Growing middle class in Asia Increasing spending for consumer goods and healthcare products 2 Increasing inner-Asian trade Investments in local infrastructures and industries 3 Trend towards outsourcing …boost expansion, consumer/industrial spending as well as MES indus
Slide 18: Clear strategy for future profitable growth
Clear strategy for future profitable growth Focus on existing markets Strengthen Increase operational and Business Units service offering efficiency • Focus on existing markets • Enhance service and • Strengthen market position to • Grow Business Units organically solution competence use economies o
Slide 19: Progressive dividend policy
Progressive dividend policy Ordinary dividend (in CHF per share) 1 1.30 1 CAGR 1.15 +24.4% 0.95 0.80 0.65 0.50 0.35 2009 2010 2011 2012 2013 2014 2015 Dividend 2015 by 13.0% above last year¹ Note: Ordinary dividend per common share. Chart assumes share split of 1:100 effective as of Annual General M
Slide 20: Strategic partnership with aCommerce
Strategic partnership with aCommerce • Strengthening of omni-channel approach – clients have access to online and offline distribution channels from a single source • E-commerce penetration in South East Asia still low, but at very high growth rates • 20% equity stake in leading e-commerce solutions
Slide 21: Outlook
Outlook • Long-term growth drivers intact • Continuation of restructuring of luxury goods business • DKSH confident to gain further market share also in periods of high volatility • When an upswing in the core markets occurs, net sales and profit growth should continue in 2016 and the following year
Slide 22: Disclaimer
Disclaimer Due care has been used in preparation of this presentation and DKSH makes every effort to provide accurate and up-to-date information. Nevertheless, this presentation may be subject to technical inaccuracies, information that is not up-to-date or typographical errors DKSH does not assume