Dsm-firmenich Ag · EURONEXT:DSFIR
Dsm-firmenich — Royal DSM — Merger or Acquisition (February 2020)
20 slides from Dsm-firmenich's merger presentation, Feb 21, 2020
Slide 1: DSM to acquire Glycom to accelerate growth
DSM to acquire Glye accelerate growth Presentation to Investo 21 February 2020 DSM NUTRITION + HEALTH + SU LIVING s BRIGHT SCIENCE. BRIGHTER LIVING.
Slide 2: Executive Summary — Transaction Highlights
Executive Summary — Transaction Highlights Glycom Acquisition Strategic Fit Royal DSM has reached agreement to acquire Glycom A/S (“Glycom”), the world's leading supplier of Human Milk Oligosaccharides (HMO) for an enterprise value of €765 million This transaction represents an EV/EBITDA multiple of
Slide 3: Executive Summary — HMOs in Early Life Nutrition
Executive Summary — HMOs in Early Life Nutrition * — Glycom is a Danish company, with ~150 employees, founded in 2005 by a group of scientists that pioneered the development and commercialization of HMOs for Early Life Nutrition applications Operates a state-of-the-art manufacturing plant in Esbjerg
Slide 4: Glycom A/S
Glycom A/S Denmark , li os onl Ng \( lille i ror { ‘ ~ = ~~ Lee | | : f | m BRIGHT SCIENCE. BRIGHTER LIVING.
Slide 5: Glycom A/S Denmark
Glycom A/S Denmark Privately held, Danish biotech company , founded in 2005 in Copenhagen ¥ 2019 Sales of €74m, all in HMOs for Infant Nutrition, 2019 EBITDA of €37m, EBITDA margin of 50% vy 150 employees from 15+ nationalities v__ Research center and HQ in Hgrsholm, Denmark y¥ Manufacturing site in
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Slide 7: Glycom's GlyCare™ Human Milk Oligosaccharides (HMO) product
Glycom’s - GlyCare™ Human Milk Oligosaccharides (HMO) product Page 7 HMOs are complex carbohydrates that exist naturally in large quantities in our very first food, mother's milk. Naturally occurring, there are about 200 different HMOs. HMOs are unique nutrients which have evolved over thousands of
Slide 8: HMOs for Infant Nutrition
HMOs for Infant Nutrition = HMOs are the third-largest ingredient in human breast milk = Bovine milk has very low amounts of HMOs with different structures, leaving HMOs as the biggest differentiator between human breast milk and infant formulas = HMOs are approved for use in Infant Nutrition produc
Slide 9: Emerging evidence for HMO benefits in adults
Page 9 Emerging evidence for HMOs benefits in adults, including: v Functional gastrointestinal diseases, including Irritable Bowel Syndrome (IBS), a chronic digestive disorder that affects 10-15% of the adult population Metabolic diseases: obesity and co-morbidities Reduction of consequences of anti
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Slide 11: DSM's Unique business model in Human Nutrition & Health
DSM’s Unique business model in Human Nutrition & Health Broad, global portfolio in ingredients & global network of (premix) solutions Global Products (Local) Solutions & Services Nutra- ceuticals & Specialties Colorants Carotenoids Lipids Omega 3/6 DHA/ARA Cultures Probiotics Yeast (extracts) Market
Slide 12: DSM's Early Life Nutrition sales in 2019: €0.5bn
DSM's Early Life Nutrition sales in 2019: €0.5bn Human Nutrition & Health Sales DSM ELN Sales by Region 2019 ELN Market by business segment(%) “ship-to customer”* €48bn globally I Dietary Supplements ina -ieatn l™ Food & Beverages FaeslondCampinasie ™ Early Life Nutrition EMEA . I Medical Nutrition
Slide 13: DSM's HNH business continued above-market growth
DSM’s HNH business continued above-market growth €2.0bn sales (2019) of which €0.5bn sales in Early Life Nutrition with highly attractive margins Sales (€ million) 2250 2000 - 1750 4% CAGR organic growth 2016-2019 1500 2015 2016 2017 2018 2019 Page 13 @osm
Slide 14: A healthy life starts before birth...
A healthy life starts before birth... Page 14 Birth to 6 months Breast milk is super-food for babies. Not only is it the best nutrition an infant can get, but it also serves as the first immunization against illnesses and diseases. 6 months to 2 years Nutrients from a variety of health foods are an
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$ ¥ € Source: www.thousanddays.org, http://www.thelancet.com/series/maternal-and-child-nutrition Page 15
Slide 16: The first 1000 days echo for the rest of life
The first 1000 days echo for the rest of life
Slide 17: Nutrition, Health, Sustainable Living
NUTRITION, - HEALTH" SUSTAINABLEsEIVING
Slide 18: Summary: welcoming Glycom into DSM
Summary: welcoming Glycom into DSM = Glycom has a great fit with DSM, with a shared passion for purpose-led and science-based solutions in Nutrition & Health = Glycom has highly attractive financials: 2019 Sales of €74m, 2019 EBITDA of Le Vitamin €37m, and Ebitda margin of 50%. Sales and EBITDA grow
Slide 19: Disclaimer
Disclaimer "This presentation may contain forward-looking statements with respect to DSM’s future (financial) performance and position. Such statements are based on current expectations, estimates and projections and information currently available to the company. DSM cautions readers that such stat
Slide 20: Bright Science. Brighter Living.