Slide 1: Q1 2015 Interim Management Statement
Q1 2015 INTERIM MANAGEMENT STATEMENT TJERK DE RUITER/EDDY VAN RHEDE VAN 24 April 2015 DER KLOOT/SVEN THORMAHLEN
Slide 2: Key Highlights Q1 2015
Key Highlights Q1 2015 Organic sales growth of 4.9%. Total net sales of € 220M • Organic sales growth in Biobased Ingredients 4.3% Food business segment grew in Bakery and Meat; lower in Other foods • Organic sales growth of 4.3% Biochemicals significant shift in sales mix to higher priced products
Slide 3: Profit & Loss statement
Profit & Loss statement € million Q1 2015 Q1 2014 Biobased Ingredients 216.3 180.4 - Food 160.8 133.0 - Biochemicals 55.5 47.4 Biobased Innovations 3.7 2.3 Total Net Sales 220.0 182.7 Biobased Ingredients 39.3 27.8 - Food 30.6 23.0 - Biochemicals 12.6 9.5 - Central costs (3.9) (4.7) Biobased Innovat
Slide 4: Growth per segment
Growth per segment Total growth Total Currency at constant Acquisitions Organic Price/Mix Volume Growth currency Biobased Ingredients 19.9% 15.6% 4.3% 0.0% 4.3% 1.3% 3.0% - Food 20.9% 17.5% 3.4% 0.0% 3.4% -0.7% 4.1% - Biochemicals 17.1% 10.4% 6.7% 0.0% 6.7% 7.4% -0.7% Biobased Innovations 60.9% 8.2%
Slide 5: EBITDA bridge Q1 2015
EBITDA bridge Q1 2015 40 0.6 3.9 35 • Volume component driven 2.5 2.8 by Food segment 30 2.5 0.2 25 • Price/mix component mostly Biobased Ingredients driven by Biochemicals 20 37.2 segment 15 25.1 10 • Streamline program progressing well 5 0 • Significant impact of weaker Euro 5 ©
Slide 6: Biobased Ingredients
Biobased Ingredients Q1 Q1 YTD YTD • Organic growth of 4.3% € million 2015 2014 2015 2014 Net Sales 216.3 180.4 216.3 180.4 Organic growth 4.3% 2.3% 4.3% 2.3% • Volume growth driven by Food EBITDA 39.3 27.8 39.3 27.8 business segment Margin 18.2% 15.4% 18.2% 15.4% • Grandview (MO) accident 11/3 5.0%
Slide 7: Business Segment Food
Business Segment Food Q1 Q1 YTD YTD • Organic growth in Q4: 3.4% € million 2015 2014 2015 2014 Net Sales 160.8 133.0 160.8 133.0 Organic growth 3.4% -1.5% 3.4% -1.5% • Bakery sales grew slightly EBITDA 30.6 23.0 30.6 23.0 Margin 19.0% 17.3% 19.0% 17.3% • Meat sales grew both in- and outside US 6.0%
Slide 8: Business Segment Biochemicals
Business Segment Biochemicals Q1 Q1 YTD YTD • Organic growth of 6.7% € million 2015 2014 2015 2014 Net Sales 55.5 47.4 55.5 47.4 Organic growth 6.7% 14.3% 6.7% 14.3% • Significant mix effect impact EBITDA 12.6 9.5 12.6 9.5 • Lower volumes in Feed Margin 22.7% 20.0% 22.7% 20.0% acidifiers • Higher vo
Slide 9: Biobased Innovations
Biobased Innovations Q1 Q1 YTD YTD € million 2015 2014 2015 2014 • Organic growth of 52.7% Net Sales 3.7 2.3 3.7 2.3 Organic growth 52.7% 112.3% 52.7% 112.3% • EBITDA loss reduced EBITDA (2.1) (2.7) (2.1) (2.7) Margin (58.3%) (118.2%) (58.3%) (118.2%) • Higher sales in high- heat polymer related sal
Slide 10: Corbion
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