Kendrion N.v. · EURONEXT:KENDR

Kendrion — Shareholder Meeting (April 2019)

15 slides from Kendrion's shareholder meeting presentation, Apr 8, 2019

  1. Slide 1: General Meeting of Shareholders Kendrion N.V.

    09-Apr-19 General Meeting of Shareholders Kendrion N.V. Amsterdam, 8 April 2019 1 Agenda 1. Kendrion overview 2. Business review 3. Strategic and operational update 4. Outlook 5. Q&A 2 1

  2. Slide 2: Cautionary Note Regarding Forward Looking Statements

    09-Apr-19 Cautionary Note Regarding Forward Looking Statements Certain statements contained in this presentation constitute forward-looking statements. These statements may include, without limitation, statements concerning future results of operations, the Company's share of new and existing market

  3. Slide 3: The Kendrion organisation

    09-Apr-19 The Kendrion organisation 5 Worldwide overview 6 3

  4. Slide 4: FY 2018 – group financial highlights

    09-Apr-19 Agenda 1. Kendrion overview 2. Business review 3. Strategic and operational update 4. Outlook 5. Q&A 7 FY 2018 – group financial highlights (x EUR 1 million unless otherwise stated) FY 2018* FY 2017* Revenue 448.6 461.8 -3% EBITDA 58.5 60.0 -3% EBITA 35.4 37.5 -6% Net profit 22.6 23.3 -3%

  5. Slide 5: Automotive and Industrial review

    09-Apr-19 Automotive  Deteriorating market circumstances for Passenger Cars, especially in Europe and China  Commercial Vehicles impacted by lower revenues from Asian customers and the closure of the Mexican plant; agricultural activities in Czech Republic ongoing strong  Revenue FY 2018 decrease

  6. Slide 6: Dividend and cash return

    09-Apr-19 Dividend and cash return 2015 2016 2017 2018  The proposed dividend is equivalent to an amount of EUR 0.87 Actual Actual Actual Proposed Dividend per share 0.78 0.78 0.87 0.87 per share, equal to 2017 Dividend yield* 3.2% 2.9% 2.2% 4.2% Pay out % Total dividend (x million EUR) 61% 10.2 53

  7. Slide 7: Auto Investor Sentiment Remains Muted

    09-Apr-19 Auto Investor Sentiment Remains Muted AUTOMOTIVE LEAST FAVORITE INVESTOR SECTOR AUTO SUPPLIERS UNDERPERFORM THE MARKET KEY INVESTOR PRESSURE POINTS Eurostoxx Auto Suppliers OEMs BofAML European Fund Manager Survey – 2019 L3M (1.0%) (7.1%) (2.4%) L6M (7.5%) (24.3%) (9.3%) 110 LTM (7.3%) (37

  8. Slide 8: Simplify – EUR 18.4 million savings at EUR 19.6 million one-off costs

    09-Apr-19 Simplify – EUR 18.4 million savings at EUR 19.6 million one-off costs 15 Simplify – improved efficiency 16 8

  9. Slide 9: Kendrion Management Team

    09-Apr-19 Note: during the AGM a Kendrion movie including introduction of the new corporate design is presented KENDRION MANAGEMENT TEAM As per 1 January 2019 Executive Board Joep van Beurden Jeroen Hemmen * Group HR General Counsel President Business Unit Business Unit Business Unit Kendrion Asia /

  10. Slide 10: Focus and Grow: Passenger Cars, Robotics, China

    09-Apr-19 FOCUS  New business in fuel systems, engine management, transmission systems and active damping Passenger Cars  New functional Automotive organisation to increase commercial visibility and to further optimise our production facilities  Strong growth in electromagnetic brakes  Phase one

  11. Slide 11: Grow; Corporate Social Responsibility target framework 2019-2023

    09-Apr-19 GROW  Long-term growth opportunities for both our Automotive and Industrial activities intact  Kendrion has robustly optimised its organisation, is financially healthy and relentlessly focused on important organic growth opportunities, despite short term headwinds  Healthy level of nomi

  12. Slide 12: Outlook

    09-Apr-19 4. Outlook 23 OUTLOOK  The overall sentiment regarding the global economic outlook deteriorated considerably in the final months of 2018  Kendrion expects continued pressure for its Automotive activities and expects the weaker demand in these markets seen during the latter half of 2018 t

  13. Slide 13: Long-term targets 2023 and Dividend

    09-Apr-19 LONG-TERM TARGETS 2023  ROI* 2023: > 20.0%  EBITDA 2023: > 15%  Dividend policy: 35 – 50% of net profit (unchanged) * Before potential acquisitions 25 DIVIDEND 2013 2014 2015 2016 2017 2018 (proposal) Dividend per share (EUR) 0.55 0.78 0.78 0.78 0.87 0.87 Dividend yield * 2.3% 3.6% 3.2%

  14. Slide 14: New Office; Q&A

    09-Apr-19 NEW OFFICE Vesta Building, Amsterdam Zuidoost 27 5. Q&A 28 14

  15. Slide 15: Kendrion – Precision. Safety. Motion.

    09-Apr-19 KENDRION PRECISION. SAFETY. MOTION. 15

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