Corbion Nv · EURONEXT:CRBN
Corbion Nv — Shareholder Meeting (May 2021)
15 slides from Corbion Nv's shareholder meeting presentation, May 20, 2021
Slide 1: AGM Presentation 2020: Extremely challenging year, strong performance
AGM PRESENTATION 2020 Extremely challenging year, strong performance OLIVIER RIGAUD 20-May-21 CEO
Slide 2: 2020 in review – new strategy, corona, strong performance
2020 in review – new strategy, corona, strong performance Financial Organic sales growth core activities 7.0% Adjusted EBITDA: €158.8M (16.1% margin), organic growth 13.4% Business • Launch of Advance 2025 strategy and new purpose • Managed for exit: Frozen dough divested, consumer algae oil exited
Slide 3: Safety first: not a good year, new excellence program key priority
Safety first: not a good year, new excellence program key priority 2020 injuries and 12M average TRIR trend by month 2021 EHS Improvement Plans Focused on strengthening EHS culture, leadership and processes Corbion Scorecard Q4 FY20 KPI: TRIR EHS Platform Overall Safety performance 3 20-May-21
Slide 4: Sustainable Food Solutions: Preservation key driver of growth
Sustainable Food Solutions: Preservation key driver of growth Preservation: Strong consumer demand for natural preservation, in meat and bakery markets Functional Systems Volatile H1 due to COVID-19; stable, low single-digit, growth in H2 and 2020 overall Single Ingredients declined in H1 due to int
Slide 5: Advance 2025: Progress growth initiatives Sustainable Food Solutions
Advance 2025: Progress growth initiatives Sustainable Food Solutions Investing in close adjacencies • Natural antioxidants • Natural mold inhibitors • Food ferments • Dairy stabilizers Upgrading our Go-To-Market capabilities • New applications labs in China and Singapore • New application labs for d
Slide 6: Lactic Acid & Specialties: PLA and most segments perform well
Lactic Acid & Specialties: PLA and most segments perform well • All segments grew in 2020 with exception of biomedical polymers • PLA major driver of higher lactic acid volumes • Biomedical polymers under pressure due to COVID-19-related postponement elective surgeries Total Corbion PLA *100% Corbio
Slide 7: Advance 2025: Progress growth initiatives Lactic Acid & Specialties
Advance 2025: Progress growth initiatives Lactic Acid & Specialties Lactic acid Incremental lactic acid capacity (kt) construction (2019-2027) ? • Debottlenecking program of 50 kt by 2022 for est. € 65M 125 • Build new circular technology plant Thailand by 2023 of 125kt +175kt 50 • Plan for large la
Slide 8: Incubator: Algae Ingredients significant progress towards B/E target
Incubator: Algae Ingredients significant progress towards B/E target • Sales growth driven by higher AlgaPrime DHA (omega-3 sales) • Significant reduction in VCP realized in early 2020… …enabling pricing strategy closer to fish oil… …resulting in increased customer traction • EBITDA losses reduced d
Slide 9: Advance 2025: progress growth initiatives Incubator
Advance 2025: progress growth initiatives Incubator Algae Ingredients • Breakthrough development on new algae strain • Steady execution of our liquid suspension investment • Upgrading Go-To-Market capabilities and distribution network • Development partnership on proteins with Nestlé discontinued Op
Slide 10: 2020 Corbion scorecard
2020 Corbion scorecard Targets (selection used internally to evaluate) FY • Organic sales growth • EBITDA • Sustainability o Safety performance o Verified responsible sourced cane sugar o Reduction Scope I&II emissions/ton (part of SBT) o Life Cycle Assessment 10 20-May-21
Slide 11: Sustainability: essential to our Advance 2025 strategy
Sustainability: essential to our Advance 2025 strategy • Sustainability contribution essential to portfolio selection Corbion in top 1% of all suppliers in • 61% of total revenues contributed to SDG 2, our sector assessed 3, or 12 (target: >80% by 2030) worldwide. • 100% of our innovation projects c
Slide 12: Preserve what matters platform
Preserve what matters platform Employee and community engagement • Corbion internal platform to increase our SDG impact by strengthening employee & community engagement • Since January launch, 465 registered users and 48 initiatives from around the globe 12 20-May-21
Slide 13: Focus on (mental) wellbeing
Focus on (mental) wellbeing Global surveys, Headspace launch • In all locations local corona teams to keep pulse and organize great initiatives • Keeping everyone healthy also has important mental element: we all struggle at times • Wellbeing survey ran twice to check the pulse across the globe • He
Slide 14: Looking ahead: strong growth momentum
Looking ahead: strong growth momentum • Q1 2021 was very strong, confirming positive momentum • Even though still uncertainties due to the COVID-19 pandemic we raised our growth outlook for 2021 (now 7- 10 % organic sales growth for core activities) • Margin guidance unchanged at ‘above 15 percent f
Slide 15: Thank you
Corbion Keep creating