Imcd N.v. · EURONEXT:IMCD
Imcd — 9M 2018 Earnings Presentation
15 slides from Imcd's earnings presentation, Nov 7, 2018
Slide 1: Conference Call: First nine months 2018 results
CONFERENCE CALL First nine months 2018 results IMCD N.V. 7 November 2018
Slide 2: Disclaimer
Page 2 Disclaimer This presentation may contain forward looking statements. These statements are based on current expectations, estimates and projections of IMCD’s management and information currently available to the company. IMCD cautions that such statements contain elements of risk and uncertain
Slide 3: Presenting team
Page 3 Presenting team Piet van der Slikke, CEO Hans Kooijmans, CFO • Led the formation of • Joined IMCD in 1996 IMCD since 1995 • Co-led formation of IMCD • Designed and executed IMCD’s strategy • 22 years of industry experience • 23 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights first nine months 2018 • Financials first nine months 2018 • Outlook • Q&A
Slide 5: Company profile
Page 5 Company profile IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive
Slide 6: Agenda
Page 6 Agenda • Company profile • Highlights first nine months 2018 • Financials first nine months 2018 • Outlook • Q&A
Slide 7: Highlights first nine months 2018
Highlights first nine months 2018 Page 7 Gross profit growth of 25% to EUR 398.7 million (+30% on a constant Gross profit currency basis) Operating Operating EBITA increase of 26% to EUR 156.6 million (+32% on a EBITA constant currency basis) Net result before amortisation and non-recurring items in
Slide 8: Agenda
Page 8 Agenda • Company profile • Highlights first nine months 2018 • Financials first nine months 2018 • Outlook • Q&A
Slide 9: Key figures
Financials first nine months 2018 Page 9 Key figures Jan. 1 - Sept. 30 Jan. 1 - Sept. 30 Fx adj. EUR millio n 2018 2017 Change Change Change Revenue 1,754.6 1,411.3 343.3 24% 29% Gross profit 398.7 317.9 80.8 25% 30% Gross profit in % of revenue 22.7% 22.5% 0.2% Operating EBITA 156.6 123.8 32.8 26%
Slide 10: Income statement
Financials first nine months 2018 Page 10 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Gross profit YTD Q3 2018 231.7 114.9 52.1 398.7 YTD Q3 2017 209.0 60.1 48.9 317.9 ∆ reported 11% 91% 7% 25% ∆ constant currency 13% 109% 15% 30% Operating EBITA YTD Q3 2018 100.5
Slide 11: Free cash flow
Financials first nine months 2018 Page 11 Free cash flow Jan.1 - Sept.30 Jan.1 - Sept.30 EUR million change 2018 2017 Operating EBITA 156.6 123.8 32.8 Depreciation 3.6 3.5 0.1 Operating EBITDA 160.2 127.3 32.9 Share based payments 1.6 1.6 0.0 Capex (2.5) (2.5) 0.0 1 ∆ Working capital (50.4) (10.9) (
Slide 12: Net debt/leverage
Financials first nine months 2018 Page 12 30 September 31 December 30 September Net debt/leverage 2018 2017 2017 Net Debt (EUR million) 620 490 507 Leverage ratio 2.9 2.8 2.9 Reported (including full year impact of acquisitions)
Slide 13: Agenda
Page 13 Agenda • Company profile • Highlights first nine months 2018 • Financials first nine months 2018 • Outlook • Q&A
Slide 14: Outlook
Page 14 Outlook IMCD operates in different, often fragmented market segments in multiple geographic regions, connecting many customers and suppliers across a very diverse product range. In general, results are impacted by macroeconomic conditions and developments in specific industries. Furthermore,
Slide 15: Agenda
Page 15 Agenda • Company profile • Highlights first nine months 2018 • Financials first nine months 2018 • Outlook • Q&A